noonereal Posted December 27, 2018 Report Share Posted December 27, 2018 1 hour ago, DarterBlue said: The market has rallied back to mostly positive. Somehow, it does not ring true. If we get another up-day tomorrow, I probably short the close. Not a conspiracy theorist, but it smacks of the plunge protection team at work. We will see what tomorrow brings! the volatility is most definitely not healthy Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted December 27, 2018 Author Report Share Posted December 27, 2018 2 hours ago, noonereal said: the volatility is most definitely not healthy Today was unreal. I am used to intraday reversals; but these usually take place after a washout, or earlier in the day. At 2:30 pm, the market was at day lows and I ran out to do some errands. I got back an hour later to see the DOW slightly positive and the other indices largely recovered, though still slightly down. The rally continued into the close. Had I not covered my calls yesterday, I would have taken a loss as I would have certainly sold out sometime before the final hour and a half today. I know many will see this as a market bottom, but the action just did not ring true to me. But as always, I will let the ensuing days be my guide. I am leaning toward buying PUTS Friday or Monday, though. 1 Quote Link to comment Share on other sites More sharing options...
ohio Posted December 28, 2018 Report Share Posted December 28, 2018 19 hours ago, ohio said: The PUTS will always be there. Nice to see you are in the green for the year. My motto is if you don't know what to do; do nothing. Bought 1300 UGAZ at 64.12 and 3000 TQQQ 32.33. Also 3300 shares of UWT at 8.36. Only have $1033 tradable cash. Figured I'd go all out today. We'll see how it works out. This pullback was a bit too much, I believe. So, I am definitely done till Monday, unless my positions crash tomorrow. Hi ho, hi ho off to work I go. Lol Sold TQQQ 37.20, UWT 8.70. premarket then went back to sleep. Still have UGAZ, should have sold it premarket or before work. Stop loss at 60. 1 Quote Link to comment Share on other sites More sharing options...
ohio Posted December 28, 2018 Report Share Posted December 28, 2018 19 hours ago, DarterBlue said: The market has rallied back to mostly positive. Somehow, it does not ring true. If we get another up-day tomorrow, I probably short the close. Not a conspiracy theorist, but it smacks of the plunge protection team at work. We will see what tomorrow brings! Hard to know which way the market will go in the short term, though slightly bullish even if it is in the red. Could rebound, but don't know for sure since our politicians are playing games. Oil inventory -45k barrels just reported. Maybe should have not sold UWT. Don't have have enough available cash to buy it again. Currently at 8.29. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 2, 2019 Report Share Posted January 2, 2019 Apple news https://www.cnbc.com/amp/2019/01/02/apple-warns-on-q1-results.html?__twitter_impression=true Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 2 hours ago, HSFBfan said: Apple news https://www.cnbc.com/amp/2019/01/02/apple-warns-on-q1-results.html?__twitter_impression=true Very bad for AAPL, technology stocks, and the overall market. The odds are high that the market opens as badly as it did today. The proof of the pudding as far as the current rally attempt is concerned is how it trades throughout the day and how it closes. If the market can shrug this off then that would give me a lot of confidence that this latest attempt to rally has legs to stand on. Stay tuned. I bought a position today, so I am obviously affected by this news. 1 Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 46 minutes ago, DarterBlue said: Very bad for AAPL, technology stocks, and the overall market. The odds are high that the market opens as badly as it did today. The proof of the pudding as far as the current rally attempt is concerned is how it trades throughout the day and how it closes. If the market can shrug this off then that would give me a lot of confidence that this latest attempt to rally has legs to stand on. Stay tuned. I bought a position today, so I am obviously affected by this news. More on apple https://www.marketwatch.com/story/apple-stock-falls-8-after-cutting-holiday-sales-forecast-2019-01-02 1 Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 5 minutes ago, HSFBfan said: More on apple https://www.marketwatch.com/story/apple-stock-falls-8-after-cutting-holiday-sales-forecast-2019-01-02 Yeah. I read all of that and I am not surprised. The latest I Phone release was garbage. No reason to upgrade. Apple needs to move on to the next set of blockbuster products or they are doomed to become just another also ran consumer products company. My problem is that I bought TEAM today and it is going to be a victim of the Apple news. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 1 minute ago, DarterBlue said: Yeah. I read all of that and I am not surprised. The latest I Phone release was garbage. No reason to upgrade. Apple needs to move on to the next set of blockbuster products or they are doomed to become just another also ran consumer products company. My problem is that I bought TEAM today and it is going to be a victim of the Apple news. Idk what team is Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 Just now, HSFBfan said: Idk what team is It is Atlassian Corporation PLC. It is a software company incorporated in the UK with Australian roots. But most of its business is in the USA. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 Just now, DarterBlue said: It is Atlassian Corporation PLC. It is a software company incorporated in the UK with Australian roots. But most of its business is in the USA. Oh ok. It was down 3 in the after hours. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 11 minutes ago, HSFBfan said: Oh ok. It was down 3 in the after hours. I know. But after hours does not necessarily mean that it will open down that much. Still all tech stocks are going to get beat up tomorrow at the open. Whether the market can recover like it did today will say a lot about whether we have a tradable bottom or whether this is just another head fake on the way down. I am leaning toward tradable bottom, but fully recognize this could spark the next leg down. It should be very interesting. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 3 minutes ago, DarterBlue said: I know. But after hours does not necessarily mean that it will open down that much. Still all tech stocks are going to get beat up tomorrow at the open. Whether the market can recover like it did today will say a lot about whether we have a tradable bottom or whether this is just another head fake on the way down. I am leaning toward tradable bottom, but fully recognize this could spark the next leg down. It should be very interesting. All this shows me is that companies make trillions as they pay people nothing. I hope these companies get murdered in tariffs and a stronger us dollar. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 13 minutes ago, HSFBfan said: All this shows me is that companies make trillions as they pay people nothing. I hope these companies get murdered in tariffs and a stronger us dollar. I thought you were pro business? Sometimes you confuse me with your statements. Either you are all in or you are not. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 2 minutes ago, DarterBlue said: I thought you were pro business? Sometimes you confuse me with your statements. Either you are all in or you are not. I'm pro business if they pay livable wages in jobs that make sense.....I'm not for mcdonalds employees making 15 dollars an hour. That to me is just stupid. I also try to support small businesses run by Americans over the global companies. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 8 minutes ago, HSFBfan said: I'm pro business if they pay livable wages in jobs that make sense.....I'm not for mcdonalds employees making 15 dollars an hour. That to me is just stupid. I also try to support small businesses run by Americans over the global companies. ?? Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 3 minutes ago, DarterBlue said: ?? Not sure how to clarify anymore than I have. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 10 minutes ago, HSFBfan said: Not sure how to clarify anymore than I have. How do you determine which jobs are worth what? If you put that in the hands of the government, that is socialism. That is why you totally have me confused. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 Just now, DarterBlue said: How do you determine which jobs are worth what? If you put that in the hands of the government, that is socialism. That is why you totally have me confused. Real jobs. Jobs that you need to go to school for......vocational school or traditional college. McDonalds is not a career. Flipping a hamburger does not require any kind of knowledge. That's why I'm against fast food workers making 15 dollars an hour. Same with hotel cleaners and the like. These are not careers. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 2 minutes ago, HSFBfan said: Real jobs. Jobs that you need to go to school for......vocational school or traditional college. McDonalds is not a career. Flipping a hamburger does not require any kind of knowledge. That's why I'm against fast food workers making 15 dollars an hour. Same with hotel cleaners and the like. These are not careers. What's a real job? How do you make that determination? Darn straight you need some skills to flip a burger. You are playing with fire that could burn the house down. And, if real jobs are available who would do the jobs you despise? The answer is very few. And if very few did, then the price of labor for hotel workers and MD workers would rise. It seems to me you don't have a good understanding of how free market economies work. You are anti immigrant but that would reduce the number of available workers in these "non real jobs" but then somehow you would expect the price of that labor to remain at $10 an hour or less. The world does not work that way. 1 Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 10 minutes ago, DarterBlue said: What's a real job? How do you make that determination? Darn straight you need some skills to flip a burger. You are playing with fire that could burn the house down. And, if real jobs are available who would do the jobs you despise? The answer is very few. And if very few did, then the price of labor for hotel workers and MD workers would rise. It seems to me you don't have a good understanding of how free market economies work. You are anti immigrant but that would reduce the number of available workers in these "non real jobs" but then somehow you would expect the price of that labor to remain at $10 an hour or less. The world does not work that way. Let's start with one thing....I am anti Illegal immigration. I've stated I think we should shut down all immigration until all illegals are deported and every american who has hired an illegal locked up. Than we need to fix our immigration policies and start again. We need processing stations like Ellis island back open where people can be turned around and sent home if they are not fit to be here. To address the next thing.....this is why I've always stated you must end all social programs for the poor.....Medicaid welfare etc.....and force these people to work. Working for 10 dollars an hour flipping burgers and cleaning hotels at least makes them productive. That solves the amount of illegals doing it now. I've been cooking around fire since I'm 8 years old. It takes absolutely no skill or brains. It's common sense. So there i have addressed all concerns. Welfare recipient and the poor can go to work. Illegals are highly deported daily. Americans who have hired and helped them have been locked up. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 13 minutes ago, HSFBfan said: To address the next thing.....this is why I've always stated you must end all social programs for the poor.....Medicaid welfare etc.....and force these people to work. Working for 10 dollars an hour flipping burgers and cleaning hotels at least makes them productive. That solves the amount of illegals doing it now. I've been cooking around fire since I'm 8 years old. It takes absolutely no skill or brains. It's common sense. So there i have addressed all concerns. Welfare recipient and the poor can go to work. Illegals are highly deported daily. Americans who have hired and helped them have been locked up. Dude, you can't live on $10 an hour not even in Orlando let alone NYC. And you of all people know this. At that kind of rate, you get a permanent criminal class. So you pay one way or the other with either more wages or more jails. Have you ever given any consideration to this? Further, you may have been around a fire since you were 8, but I know many American, including women, who cannot cook to save their lives. So you do need some skill level to work at a MCD. It seems to me you just want to centrally pick which jobs pay livable wages and which don't and somehow magically we get a viable society. It does not work that way. Going to go to bed now, so if you respond, I won't till tomorrow. Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted January 3, 2019 Report Share Posted January 3, 2019 1 minute ago, DarterBlue said: Dude, you can't live on $10 an hour not even in Orlando let alone NYC. And you of all people know this. At that kind of rate, you get a permanent criminal class. So you pay one way or the other with either more wages or more jails. Have you ever given any consideration to this? Further, you may have been around a fire since you were 8, but I know many American, including women, who cannot cook to save their lives. So you do need some skill level to work at a MCD. It seems to me you just want to centrally pick which jobs pay livable wages and which don't and somehow magically we get a viable society. It does not work that way. Going to go to bed now, so if you respond, I won't till tomorrow. Jails are good. I'm a big fan of jails. Always have been. You really dont need any skills at all to work there. For women not to know how to cook is a very sad state of affairs. Quote Link to comment Share on other sites More sharing options...
dan in daytona Posted January 3, 2019 Report Share Posted January 3, 2019 1 hour ago, HSFBfan said: Jails are good. I'm a big fan of jails. Always have been. You really dont need any skills at all to work there. For women not to know how to cook is a very sad state of affairs. LOL, you're a classic....carry on 1 Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 3, 2019 Author Report Share Posted January 3, 2019 6 hours ago, HSFBfan said: Jails are good. I'm a big fan of jails. Always have been. You really dont need any skills at all to work there. For women not to know how to cook is a very sad state of affairs. Jails come with a huge societal cost. Don't you get that? First off is the wasted human potential. But more importantly, it costs a great deal to house the inmates. And it's not just the cost of jail I am talking about. I am referring to the cost of crime. The lives lost of both the victims and perpetrators. Your thought process is too one dimensional. Perhaps it's due to you stereotyping certain types of folks or perhaps it's due to you either being intellectually lazy or incapable. I don't know and at the end of the day, it's not my business, I guess. Still, you really need to be able to think in a multifaceted way or you will always be manipulable. 1 Quote Link to comment Share on other sites More sharing options...
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