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07-08-2021, 07:57 AM | #10516 |
Starter
Join Date: Nov 2004
Location: asdf
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Climbing back, AMC GME.
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Posts: 509
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07-08-2021, 08:32 AM | #10517 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,069
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3 0 |
07-08-2021, 09:35 AM | #10518 |
Fish are scared of me
Join Date: Nov 2001
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DUMBASSHOLE! Not financial advise. Entertainment purposes only. Last edited by Hog's Gone Fishin; 07-08-2021 at 10:09 AM.. |
Posts: 40,779
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3 0 |
07-08-2021, 09:42 AM | #10519 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Posts: 11,432
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2 0 |
07-08-2021, 10:26 AM | #10520 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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AMC GREEN MOTHER****ERS
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Posts: 11,432
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2 0 |
07-08-2021, 10:28 AM | #10521 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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What is happening today?
Worry or profit taking? |
Posts: 37,901
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07-08-2021, 10:28 AM | #10522 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Posts: 11,432
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4 0 |
07-08-2021, 10:35 AM | #10523 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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07-08-2021, 10:39 AM | #10524 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Posts: 54,038
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1 0 |
07-08-2021, 10:39 AM | #10525 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Posts: 54,038
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07-08-2021, 10:46 AM | #10526 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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The market is extended from the 50 day moving average by a decent amount as indexes hit all time highs between last week and this week.
10 of the past 13 days have been green. I worry what building some of you will jump off of when the market “corrects” by more than 2-3% in a short time. A 10% correction may kill some of you, let alone a 25-50% bear market. |
Posts: 46,069
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07-08-2021, 11:00 AM | #10527 |
Veteran
Join Date: Dec 2019
Location: Ohio
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I don't mean to be flippant, but are you at all worried that it will try to "go to the moon" via shortcut path through the center of the Earth? At this point, that seems like a very realistic possibility for a stock where the price is artificially high and not supported by good fundamentals. For your sake, I hope that does not happen.
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Posts: 1,814
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07-08-2021, 11:03 AM | #10528 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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07-08-2021, 11:06 AM | #10529 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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It's important to follow where the market is in relation to moving averages. There will be red days but the entire trend is still up. It's simply small corrections/profit taking that you see. Here's the SPY chart since March to help explain. Blue line is 50 day moving average.
Short term changes will NOT be linear. Short term changes also only matter to traders. If you aren't a short term trader, check the trend 1-2x a month and leave it be. |
Posts: 46,069
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07-08-2021, 11:26 AM | #10530 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
I'm rooting for the AMC guys, but a stock like that is always potentially 24 hours away from dropping into the single digits. Last edited by DaFace; 07-08-2021 at 11:31 AM.. |
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Posts: 52,338
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