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Charts are looking super toppy today, so we should see a gap and run tomorrow
Duh... so obvious!
Thx Bobber
Monitor must be broken... futures look like they’re red in color
Or no dip
This is on algo auto grind.
Blowoff top style. I’d think differently if we had some healthy pullbacks along the way...
Maybe a blip , but we will see sPY 300 and dow 30k before summer
Yep... I think we are about 2 years away, but it will be epic
They’re all crooks sticking the average man with the bill in the form of national debt
Good catch... I was looking at 2008 , not 2009.
Still stand behind the Clinton admin policies being the culprit more than anything.
That said... I agree that economic cycles have little to do with who is president. It’s largely just the nature of he beast... bull markets , inflation, and economic expansion get curbed by raising rates into a recessions. Rinse, repeat
We agree on that... I don’t like either... either
Obama got elected and the market dropped over 50% in the first 12 months.. yes, mean reversion is a factor (not a policy) at that point.
It’s the whole premise between selling over bought and buying oversold. Unless you’re suggesting those trades are just made up too... or government policy.
And you just proved my point... but I need to do homework?
Happy trades!
And yes.... millions of people have made millions of dollars on mean reversion trades.
Show me your homework... give me the policies of Obama that resulted in the stock market moving up during his term.
You answered nothing in that response..
Lol... okay. You burned me with that thorough response.
Ummm... the obama admin saw mostly mean reversion from the crash before he took office coupled with TRILLIONS pumped into the economy via QE. I’m not a R or D , so have no dog in the fight... but tell me what specific policies of Obamas that you think lead to the stock market performance? Earnings were stagnant during his term....wages too. The market prefers republican policies... you could see that just by the move we saw after trump was elected. You think we would’ve seen that hockey stick with Clinton? No chance. Likely we would’ve seen a drop, but that’s impossible to tell
Sadly... the mortgage crisis that lead to the crash of 2008 was largely due to another democratic president’s policies...The Clinton admin. See Glass Steagall repeal and more importantly rewriting the Community Reinvestment Act which allowed banks to give mortgages to unqualified applicants. GW took those and did nothing but further deregulate which certainly didn’t help, but the wheels were in motion.
The market is a leading indicator of the economy and a fairly accurate one. The market predicts growth and favorable conditions (tax reform). What we are starting to see price in is an infrastructure bill.
SPY will have a 12-15% year, but it will see nearly all that move in the first 6 months imo.
Midterms will be interesting. If we see a democratic push it could be viewed as a democratic president on the horizon. The markets will tumble in forecasting a democratic agenda... temporarily.
All just my $.02
Is this $100m market cap serious. ?
That’s almost a red flag for a co. with so much in the pipeline... should be much higher just on speculation
Still posting this nonsense eh..
It’s going to $30
(Then relentless selling cuts it in half the next two sessions)
Unreal
Seeking Alpha pump n dump.
I bet you see class action law suits on GCAP this week.
Strange gap fill this AM right at 8AM.
This is BTFD type news. South Korea doesn’t want illegal use or anonymous trading if BTC? Wow! What crazy news... lol
I hope we see an over reaction to the downside so I can buy back the shares I sold at 2400 on Tuesday
Doubtful, but I’d buy hand over fist at 1,200
I think we might print 1,600 on the low end.
Closed at 2400 from 1175 on 12/22
Premium is 50%+
Time to let this get back closer to 10% for a rebuy
Sold these at 2,400
Nice 2x in 4 days
Kraken
Agree... patience is key. Especially this time of year. I got back into BTC and GBTC near their lows last week. (11,000 and 1,175)
Happy to just let those ride and look for dips to add. BTC will take another shot at ATH in January.
Agree with most, but this dip isn’t really that different. In 2017 we saw pullbacks of
33% - followed by 80% rally
33% - followed by 230% rally
38% - followed by 172% rally
41% - followed by 166% rally
30% - followed by 246% rally
And the 42% we are seeing now.
Hard to argue against buying the BTC dips imho
Reverse HS in effect
I got filled for 10 at $1,175 today.
Reverse HS forming on ETHUSD 15m chart. Expect ATHs again before year end.
GBTC
Fastest $5k I’ll make this year... still holding
Back in with a IRA starter position @ 1175
GBTC down 52% from ATH just 4 days ago.
BTC is only down 22% from ATH during that time.
Think my point is proven about paying a premium for GBTC; when the premium spread is high traders should be selling GBTC and buying BTC. I did and as a result I am not down the additional 30%.
Happy trades
Agree... it hasn’t. Maybe he’s growing up as a CEO
What’s the benefit to the company of Leo dropping hints which would be speculative? Goose the stock price temporarily ? That doesn’t do anything fundamentally for the company. I’d prefer solid news when it’s available and not the typical otc ceo string along hints.
The laws of supply and demand fill in the blanks