What's new
By:
Filters

The 2023 Stock Market Thread

CarterKraft said:
Tesla earnings tomorrow, what's the scoop, beat earnings and drop stock price as usual?
Click to expand...
Hope you made money on your TSLA prediction, dead nuts on.

Beat/ beat but lower gross margins. Actually I think most of the drop is due to the rebalancing of the NASDAQ that will take place today into Monday.

Stopped out my runner call at open yesterday, and a couple of the $320 lotto calls went to zero, but the swing calls certainly paid the tab
Adding TSLA on this weakness - long term swing account that I sell covered calls, so trying to build another few hundred shares into that account to generate (more) cash flow every month.

Was getting nervous on the CVNA short position but it went my way this morning and I took it all off the table for 40%. Did not leave any runners, probably regret that. Daily chart weak (or bull flag building post-earnings?). Could gap fill to the $40's if market is weak into August. But large amount of shorts so if it breaks over recent highs, 57.50 ish it could run. Fundamentals do not back this up.


On the energy side (swing or longer term for me)

YPF, been adding to my position. About to break out of a 2 month Darvis box. Will add over 15.95, target 16.79 then 18.70. Coming out of a 2 year plus bottoming pattern and recent cup and handle. Chop zone between 14 and 16 if you play the zone but I am being patient until we see a break (and likely retest of that 15.95 level

OXY - Buffett building a large position here. still below the daily 200 ema, but recently broke a significant DTL. And has retested the past week, flagging higher. Will add above 61.16, could really get going over 61.97, tgt's 63.15 then 65. Yet to report earnings. Long term swing, tight stop at 58.95, looser stop at 57.50. Could consider March and June lows as double bottom. Needs volume on breakout

DVN - I am long term hold because I like the dividends (make sure you setup DRIP's on your account). Been buying since 11/20, DCA mid $55's but have accumulated an additional 24% of shares through dividends. Broke long term DTL (see a pattern in the energy stocks yet?) recently. Higher lows, higher highs, consolidating in a $4 range since May. Volume profile favors a move over 52.50 with 1st target (long term) 56.29 then 57.91. $47.50 stop, tighter stop at 48.29. Will be adding over 51.95 and full add over 52.42

After 8 or was it 9 green days in a row, market definitely needs a week of consolidation. Heck, with the "crash" yesterday most stocks I watch did not even retrace to the 9 ema let alone the 21. Historically late July a little weak, likely because earnings.

And less than 2 weeks until BUD reports 8/3 before market. How badly does the :rainbow::beer:fiasco affect the bottom line? :lmao::lmao:
Options show fairly large positions open in $51 puts for 8/4 and 8/11.
 
gunracer1 said:
I'm pretty much all cash right now, but i am eyeing ford.
Click to expand...
Is there a bailout coming for Ford?

I can't day trade, therefore I'm batting down the hatches for the storm.Call it timing the market with a %.
 
Last edited:
gunracer1 said:
carnival dropping like a rock, fawk. and did they reddit amc again?
Click to expand...

gunracer1 said:
just sold out of CCL, home run. sold my TXT also but i didn't have a bunch, still 9% or so gain on what i had.
Click to expand...

Dropped like a rock? Seems pretty stable at 17-19$ range...

I was in at $17 so have a small profit now, their earnings come out late September and is expected to be good, so I think I'll hold til then.

Edit: and amc? I sold that at $66 :laughing: tripled my money on that one...
 
Last edited:
vetteboy79 said:
Dropped like a rock? Seems pretty stable at 17-19$ range...

I was in at $17 so have a small profit now, their earnings come out late September and is expected to be good, so I think I'll hold til then.
Click to expand...
It went way below my buy in, then came back and I took my profit and moved on.
I am in for the quick hit now a days. I jumped in ford, if it gets a few percent I’m out
I did lots of long term buy ins over the years and lost my ass, I can play with my 401k account now a days that I do not have to count on it anymore. And I have couple other accounts to get stupid with.
 
Anyone have a favourite stock holding in their 401k/RRSP account worth looking at? I am thinking my next bonus Q3 bonus (if I make it) will dump some more into Snap-ON. They have been good to me this year but I’m not against diversity… growth potential with a small dividend like SNA would be nice
 
ANGELO said:
What broker do you guys use? I was using td and like it. But they moved me to Schwab. I've tried it and I don't like it at all.
Click to expand...
I use Questrade. It’s Canadian but I am sure they have American users. The USD / CAD purchases are pretty seamless. With the exclusion of the Margin account I have. It’s awesome have both markets open to buy from as I have different portfolios stacked with USD$ and CAD$
 
ANGELO said:
What broker do you guys use? I was using td and like it. But they moved me to Schwab. I've tried it and I don't like it at all.
Click to expand...
Same happened to me and I agree, Schwab is horrible in comparison.
 
Something I haven’t seen asked in former threads. How much exposure are you open to dollar wise? I am thinking my market cap for total risk/investment is $100k

I’m over 50% of the way there. Any more invested just seems crazy but maybe I’m wrong? What say you guys?
 
i lost 300k in 09 or 10, i was pretty much all in. i fucked up and paid for it. since then i have cut my 401k investments down to 10% and put the rest in land, well my land investments have pretty much set up my retirement at this point. so i am back to playing in my 401k again so i am all in again, only because i don't have to have it.
 
gunracer1 said:
i lost 300k in 09 or 10, i was pretty much all in. i fucked up and paid for it. since then i have cut my 401k investments down to 10% and put the rest in land, well my land investments have pretty much set up my retirement at this point. so i am back to playing in my 401k again so i am all in again, only because i don't have to have it.
Click to expand...

Do you purchase land and hold or??
 
gunracer1 said:
i lost 300k in 09 or 10, i was pretty much all in. i fucked up and paid for it. since then i have cut my 401k investments down to 10% and put the rest in land, well my land investments have pretty much set up my retirement at this point. so i am back to playing in my 401k again so i am all in again, only because i don't have to have it.
Click to expand...
I should clarify, I have a work RPP (like a 401k) that I don’t play with as well. It is enrolled in a blackrock program but I’m not buying and selling stock inside of it.

I have been eying up land, it’s just the annual Provincial taxes that kill me. I am looking at quarries within 40-50 mins of my house that I can play around with vehicles and ATVs. Have mini getaway weekends and shoot guns wheee people won’t bug us.
 
SHARPMACHINE said:
Do you purchase land and hold or??
Click to expand...
i purchase 4 different properties since then all have more than tripled in value, one was 10 acres that i sold the other day. i owner financed it, that pretty guaranteed my retirement. im 58 and i am hoping to say fuck it at 60. my wife is 5 years older than me so she can get on medicare, i can hit up the VA if i need to. but even if i worked to 62, it is not that big a deal. i finally get a bunch of vacation and i am sure as hell not working 3000 plus hours a year like i have in the past.

the 10 acres were ag exempt. so the taxes were less than 20 bucks a year. they raised up all my other properties something terrible tax wise last year. so i may put in a few rv sites to cover some taxes.
 
ANGELO said:
What broker do you guys use? I was using td and like it. But they moved me to Schwab. I've tried it and I don't like it at all.
Click to expand...
What don't you like about Schwab? They are moving me also in 17 days.
 
89yjon said:
What don't you like about Schwab? They are moving me also in 17 days.
Click to expand...
It is nowhere near as user friendly to do trades and look up stocks as TD Ameritrade was. If I will still actively trading, I would be looking for a new platform as well but right now I have stuff just sitting that I don't want to look at.
 
gunracer1 said:
i purchase 4 different properties since then all have more than tripled in value, one was 10 acres that i sold the other day. i owner financed it, that pretty guaranteed my retirement. im 58 and i am hoping to say fuck it at 60. my wife is 5 years older than me so she can get on medicare, i can hit up the VA if i need to. but even if i worked to 62, it is not that big a deal. i finally get a bunch of vacation and i am sure as hell not working 3000 plus hours a year like i have in the past.

the 10 acres were ag exempt. so the taxes were less than 20 bucks a year. they raised up all my other properties something terrible tax wise last year. so i may put in a few rv sites to cover some taxes.
Click to expand...
Sounds like a good plan and that you have done well. I flipped a bunch of houses back in the 2010 era that helped me recover from the last recession, but now I need to do things that keep inflation (and recession) from pushing me backwards.

Did you used to be on the cummins sights many moons ago? I think I remember your screen name from when I was much younger. lol
 
Been with Fidelity for over 20 years. Always been good to me and haven't given me a reason to think about changing.
 
Just read a report that Michael Berry ( the big short) hedge fund went 95% short on stocks, a couple billion if I read it right. That’s a big bet all on black.
 
Will12785 said:
I use merrill lynch but only because of a longstanding family history.

What is it you do with your brokerage account?

Check out this website. BrokerChooser: Find quality online brokers in minutes
Click to expand...
Mostly just loose money.
89yjon said:
What don't you like about Schwab? They are moving me also in 17 days.
Click to expand...
It's not easy to use.
Just the entire layout doesn't make sense. I'm not really sure what it is, I've been trying to learn it and I just can't get used to it.
 
Norm said:
Just read a report that Michael Berry ( the big short) hedge fund went 95% short on stocks, a couple billion if I read it right. That’s a big bet all on black.
Click to expand...
My realtor lady friend spent all weekend getting her house ready to sell, had to pry it out of her, but her instinct tells her it's gonna drop. I just bought a bigger better fixer upper, but need to get my little place sold asap and take the tax free money
 
Norm said:
Just read a report that Michael Berry ( the big short) hedge fund went 95% short on stocks, a couple billion if I read it right. That’s a big bet all on black.
Click to expand...
I would be careful chasing Burry, what was not widely printed was that those positions were as of end of June. This is part of the required SEC reporting for funds - they must state their positions at the end of quarter. Q1 he was heavy BABA and has sold the entire position.

IF he was able to hold through July, and not stop out, he is likely still upside down on those puts/ short positions. QQQ's are 20 - 30 points higher than June 30th

Also, something does not pass the smell test here. 95% of the portfolio short in basically just SPY and QQQ positions. That is certainly gambling and not how any sort of investment fund or hedge fund would be placing their portfolio. I believe the past three times Burry has screamed the sky is falling (including this time last year) he has been wrong (but did not lose big because of the way he was hedged)

Let's not forget the market has been on a massive uptrend since January with few pullbacks and only April as consolidation. In that context the August retracement (about 6%) since July highs could be seen as constructive (not going to call it a bullish pennant though). August summer holidays for the wall street guys, volume is low, not much really going on.


@burrytracker on X shows his recent buys / sells - note the dates involved, official reporting for his fund are all end of June. Some of the other buys/sells will be more recent and pertinent.
 
You must log in or register to reply here.
Top Back Refresh