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The Stock Market 2024 Thread

QQ...

DJT - trump's media org - is all over the board. Curious what people think might happen with that stock in November... If Trump wins, does the stock skyrocket? If he loses, does it tank? Vice-versa?
 
I think we drop and hit the 200 day and run up into June for one last push before it really goes to shit.
 
I don't think this is anything more than a common pullback/correction. The markets had been rising since last fall and expecting a rate cut to come sooner rather than later, but then a few weeks ago the Fed said it will probably be later because inflation is still not where they want to see it.
 
I bought $50 ENB.TO calls months ago… saw +90% losses and averaged that bitch down. Expires June 21st… I’m so close to being ITM… it’s infuriating
 
well, my RTX buy at $80ish is looking good. So is my BP from a couple years back. Should have put more in both

CCL still sucking :homer::laughing:


Wishing I held my XOM. Sold at either $90 or $100 I can't remember for a 100% return, and now it's up to $120ish
 
I'm halfway convinced that they are just using the meme stocks as Pump and Dumps since nobody will buy random crypto anymore.

Jwredneck said:
Got one share of Reddit in the IPO lottery. Up 45% today!
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I can't believe its currently above the initial peak. I thought it would be worth half by now.
 
Technically GME broke out if it’s base early last week. My buy stops triggered around 17.26.

Sitting on several thousand shares in various accounts. Took 1/2 off today on the run above 30. Stops now ranged from 27.5 to 29.5 with some set as trailing.

I no longer day trade stocks that have halted. Too risky. But with a DCA less than 17.50 I am happy to sit on my runners
 
budget76 said:
nice gamble XtremeJ
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all out this morning, risk was $0.75 on buy strike of 17.26 (set stops at 16.49). Buy triggered on Tuesday but I waited for a retest and break then loaded up. Was pleasantly surprised on the action Friday, took some profits when it popped over 20 on Friday, but was really happy to see FinTwit full of GME "news" this morning.

Short interest in the stock has gone from 25M to 60 M in about 2 months. The sort of action that makes it ripe for a squeeze.

I don't trade meme stocks really, so this was basically a swing for the fences or take a couple grand loss, even at 20.00 the risk : reward was 1:3 which is excellent. Took some profits today at almost 100%.

Might be worth keeping an eye on AMC if you like the meme / reddit stocks. Another stock that made a monster move today 80%. I think it is only moving because of GME, certainly not because of anything listed in earnings or the call last week. Numbers were as expected so meh to improving.
 
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well its crazy high today, i sold 64k shares yesterday thinking i made a killing. i sold at 4.30 or so. i have another account that i threw a grand in a few weeks back and bought AMC. it was over 4k this morning.
 
I need it to break $40 and I’m even. I made some money initially so to get that back I’ll be stoked
 
Tried to buy some GME puts this morning. The prices are insane. I put in an order for a Jan '25 at a few $ under the Ask and no luck. I've never short a stock before but I really wanted to when GME was $64 today. There are not many sure things in the market, but that was an absolute sure thing.
 
GarScramb said:
Tried to buy some GME puts this morning. The prices are insane. I put in an order for a Jan '25 at a few $ under the Ask and no luck. I've never short a stock before but I really wanted to when GME was $64 today. There are not many sure things in the market, but that was an absolute sure thing.
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They kept it pumped up for a long time the last time around. That short squeeze cost shorts billions. Shorts lot a billion yesterday on it alone :eek:. I agree it's a shit $2 stock at best, but it's trading isn't about worth in this case. I'm not sure I have the balls to bet on when it falls flat again. I think they sold another 250 million in new stock yesterday, just nuts.
 
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