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The 2023 Stock Market Thread

Just checking on our resident Bears, hope you were at least hedged.

CVNA huge winner today, stopped out early this week, bought back in and wowzer today. Even calls from this morning were 400%.

Taken profits, off to drink beer

Happy trading all
 
DannyK said:
CCL
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I see your CCL and raise you a CVNA

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Market definitely in a buy anything and buy it now mode.
 
Well shit.

My account hit a low about 6700 and is now back up to 7200. Only problem is I still have about $1k cash sitting in there. Apparently missed out on USB under $30. Oh well. Overall banking seems to be moving up the past week or so.

Tesla is solidly above 200 for some reason again, BP is still mid 30's

SPH is doing what it is supposed to do and holding strong at 15 :rasta:

Need to spend more time digging around and find something to put this cash into anything else. 8 ish more months before my bills come due :lmao:
 
another couple good days and I'll be breaking even on CCL :homer: It's performing how I expect to see it do a year ago, but I wasn't expecting the massive drop in the middle :emb:
 
i sold out of my arkk fund, did 10% with a lot of ups and downs. lost my ass on ride. setting on a nice chunk, to see what comes up.
 
Not sure what is going on. Loosely checking in and I was at like 6800 a month or so ago, a couple weeks I was "down" $200 and sitting at 7300, checked today and I've almost cracked 8k.

Still haven't really done shit or paid much attention. Guess that means the "banking crisis" has mostly blown over.
 
Provience said:
Not sure what is going on. Loosely checking in and I was at like 6800 a month or so ago, a couple weeks I was "down" $200 and sitting at 7300, checked today and I've almost cracked 8k.

Still haven't really done shit or paid much attention. Guess that means the "banking crisis" has mostly blown over.
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Got to get the economy in shape for Bidens reelection run....

Tesla earnings tomorrow, what's the scoop, beat earnings and drop stock price as usual?
 
budget76 said:
another couple good days and I'll be breaking even on CCL :homer: It's performing how I expect to see it do a year ago, but I wasn't expecting the massive drop in the middle :emb:
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Funny, I'm in the same boat ( :laughing: ), bought it right around $17 a year and change ago and I'm finally up a lil bit. I'm not in a hurry to sell but might take a small gain and put the money back into something more lucrative. When I bought the year high was around double that, I'm sure you were hoping for the same :grinpimp:
 
History tells us the market will peak when rate hikes end. Rate hikes end when something breaks, unless this time is "different" and the fed pulls off a soft landing :laughing:. There is still room for stocks to run up, but the market is pricey already. Bonds are paying almost 5%, thats where cowards like me hanging out or gold.

Odds are pretty good something is going to break by the end of 23. I've seen this movie before. Fall is usually the interesting time of year for whatever reason.
 
Norm said:
History tells us the market will peak when rate hikes end. Rate hikes end when something breaks, unless this time is "different" and the fed pulls off a soft landing :laughing:. There is still room for stocks to run up, but the market is pricey already. Bonds are paying almost 5%, thats where cowards like me hanging out or gold.

Odds are pretty good something is going to break by the end of 23. I've seen this movie before. Fall is usually the interesting time of year for whatever reason.
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back in March i told my guy to take 50% out of my high risk/high yield and protect it so we dropped in a treasury bond at 4.5% for atleast 6 months.

maybe it was wrong, and i made too much out of the banking deal, but dont put it past the media to hide whats really going on until the dam breaks. i may hang out with 4.5% for another 6 months.
 
Texas97 said:
back in March i told my guy to take 50% out of my high risk/high yield and protect it so we dropped in a treasury bond at 4.5% for atleast 6 months.

maybe it was wrong, and i made too much out of the banking deal, but dont put it past the media to hide whats really going on until the dam breaks. i may hang out with 4.5% for another 6 months.
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I wouldn't disagree with that move, it's hard to guess what is going to break and when. But something will break in financial system with these rate increases and the fawkining will begin. How many companies out there make less than 5% profit and now are borrowing at above 5%? I'll bet Buffet is stacking cash and waiting like a vulture right now. The odds the fed gets this right are pretty close to zero, but not zero so there is a chance I could be wrong. Just in case I hold 2% of my nest egg in stocks right now :homer:. I'm old enough to have been through a few cycles and 50% market drops. If it wasn't for Rona this would have happened a few years ago, now I think it's going to be even bigger.
 
Call me another pussy over here. Missing out on the market.

A third of my $ is riding along in a vanguard target 2055 fund that's 91% equities
A third is in various ETFs by industries & index trackers
A third is in bonds/cash/CDs at an average of 5.1% return

Ive been adding 3k monthly to that bond/cash/cd fund and feel like i should be more aggressive and that im missing out :homer:
 
I noticed last week that the dollar seemed to drop 5% against the things I watch, silver, copper and the euro, they all moved together

I don't know what the catalyst was, but my buddy mentioned that the timing matched up with the feds digital money announcement





My overall plan is still deflation/ recession so I'm trimming down on tools and toys, going to cash and will buy or build a house on the dip before they fully implode the usd in stimulus getting out of the coming dip
 
I have open loses of $7000 right now… but since I started two years ago I’m only officially down $2000. It still sucks balls! But I am working on averaging down on my blue chips.

It’s motivating making $3400/yr in divy
 
vetteboy79 said:
Funny, I'm in the same boat ( :laughing: ), bought it right around $17 a year and change ago and I'm finally up a lil bit. I'm not in a hurry to sell but might take a small gain and put the money back into something more lucrative. When I bought the year high was around double that, I'm sure you were hoping for the same :grinpimp:
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CCL was a "what else will come back from the covid death" for me. I did well on XOM, BP but didn't put in enough $$. went looking for what other markets I thought would recover, so i bought some travel stuff.

My dreaming ~1.5 years ago was CCL was a $40 stock at a low pre-covid. it was $20 at the time. if it recovered to the average of the two, I double my $$. Little did I think it'd crash in 2022/2023 worse then during the damn pandemic

still holding out for a $30ish price to be seen again before I sell, I'm in no rush. came VERY close to doubling down at $6, but chickened out. anyone who bought at $6 is thrilled right now
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remember a while back when TSLA was getting dragged down as punishment for Musk and Twitter? Welp, I bought in at $150 on the way down, it dropped all the way to ~$100, sold off 3 of my 4 shares (or 2 of my 3) when it went back up to $175ish

Now it is about $300 again :shaking: insane valuation, but i guess i'm glad I held on to the 1 :laughing: yeah yeah, it should be worth about $5, but it is all made up anyways. Should've gone heavier I guess, as a first time TSLA trader, i'm just happy to have jumped in at some point even though it was a "bad idea"
 
I thought about buying some TSLA when it got down around $100, but didn't pull the trigger.

I bought a TON of CCL at a little over $16 a while back. I plan on holding it LONG term. Cruising volume is now higher than pre-Covid. It will eventually make new highs.
 
DannyK said:
I thought about buying some TSLA when it got down around $100, but didn't pull the trigger.

I bought a TON of CCL at a little over $16 a while back. I plan on holding it LONG term. Cruising volume is now higher than pre-Covid. It will eventually make new highs.
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IMO long term thats still a nice buy

I'm sitting on call it $13k worth at $20 DCA. roughly. not great as it sits today, but my hoping my theory above comes true

have a little Norweigen i bought to diversify when they bottoms fell out of the cruise companies again. that one's doing well, but i think it was only a $2k investment so not much "real" money there
 
See our resident Bears are still calling for the collapse of Western society, :lmao::lmao: and the imminent demise of the stock market. :lmao:

Must be painful IF they put their money to back up their claims. Doubtful though. Same Bulls, same BS since Covid, missing out on one of the largest market moves in decades, still holding cash waiting for ..........?? :flipoff2:

Went long CCL at 17.74, barely moved so far this week only 3% . PLTR much better weekly swing so far, long at 17.29 up about 8% this week, trailing stops set

Took profits in CVNA way too soon. Now building a small short position through puts. Yup, nice quarterly report, and good for you restructuring debt by 1.5 B but diluting your stock by almost 50%? And the stock up from a $39 close to $55 today? It could run, and if it does the shorts are going to panic (45% short). Options not cheap with the volatility, and I hope I have bought enough time. Will add if it fails to break premarket high today

Given the recent green streak, earnings reports just starting, it sure feels like we need a couple weeks to consolidate.

TSLA and NFLX earnings tonight. Taken most of my calls positions off, just a couple runners left, stops in the green. Will need to beat significantly, but I will be a buyer should we see a dip post earnings. - $133 DCA in wifes IRA, $142 dca in my swing account.
 
Meh, I'm just getting ready for the next phase of the cycle. I came out of 2009 smelling like a rose because I saw it coming. In the last 90 days I've taken vacation, bought heavy equipment, classic project cars and wrote a check for my kids college this week. I'm not worried, or hiding under the bed, just positioning as I see fit



I would be interested in some oil play, preferably something longterm with dividends when it gets low enough
 
Projectjunkie said:
Meh, I'm just getting ready for the next phase of the cycle. I came out of 2009 smelling like a rose because I saw it coming. In the last 90 days I've taken vacation, bought heavy equipment, classic project cars and wrote a check for my kids college this week. I'm not worried, or hiding under the bed, just positioning as I see fit



I would be interested in some oil play, preferably something longterm with dividends when it gets low enough
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I paid retard prices for windows and doors at my house, if I can manage to eek another 2k (so about 20% more :laughing: ) from the stock market, I'll essentially have given myself a massive discount and feel better about my life choices.
 
Provience said:
I paid retard prices for windows and doors at my house, if I can manage to eek another 2k (so about 20% more :laughing: ) from the stock market, I'll essentially have given myself a massive discount and feel better about my life choices.
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It's always nice to buy the necessities with play money:smokin:
 
I have three accounts;

A managed Schwab that has the proceeds from the Vegas house sale, and is at an all time high surpassing the previous 12/21 high. 16% 1 year return, 6% 2 year return. I'm moving into dividend stocks ahead of quitting work, hopefully in the next year.

A managed Vanguard account that has all the previous 401k's rolled into it. Still about 10% down from the 11/21 high, but since 2014 when I converted to a managed account, it's given a 5% lifetime return. May send this one to Schwab, depending on what happens in the next year.

A Fidelity 401k with the current gig. Have been maxing out contributions since middle of 2015, so it's got a chunk in it now. Once I quit working, I'll have to monitor this one a bit more to see if it makes sense to keep it there or move it. We'll see. This one has a 500 index fund, a 2025 fund and a stock fund (JDJMX) that is YTD up 17%.

Bear market my hairy ass.
 
Well I jumped in CCL pretty heavy then it went down even more so i chucked in more. Not feeling it was one of my better decisions.
 
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