Stock Market/Investing/Day Trading/Speculative Trading Thread

[Faux Sean Callahan]

I finished up on the day. Your market timing predictions seem a bit suspect, Faux. 🤔

I mean I can't be right all the time. Just felt with Apple and Amazon down big it would trigger some selling.

I've had a very good year so far 😎

 

[Toe]

That late Sept/early Oct dip was rough, but even with that I'm currently sitting at +4.4% for the quarter, vs +2.8% for the S&P 500. I can't complain.

 

[God is a Husker]

just saw NMG is up to 9.33, so happy I doubled down when it dipped in the 5's


Lord @LoudHogRider riiiiiiiissse

 

[LoudHogRider]

just saw NMG is up to 9.33, so happy I doubled down when it dipped in the 5's


Lord @LoudHogRider riiiiiiiissse

I’m contemplating a Duck McScrooge swimming pool installation for the spring if it hits $15/share.

 

[kenyanfeline]

Anyone gonna get in on $DWAC? It’s gonna be boom or bust, not sure which yet.

I worry if it starts to move rapidly companies like Robinhood will restrict trading due to “volatility.”

 

[Faux Sean Callahan]

Anyone gonna get in on $DWAC? It’s gonna be boom or bust, not sure which yet.

I worry if it starts to move rapidly companies like Robinhood will restrict trading due to “volatility.”

I got in at 28 dollars for shits and giggles... (sold my cost basis when it broke $100)

I have about 10% of my portfolio I invest in speculative shit.

 

[kenyanfeline]

I got in at 28 dollars for shits and giggles... (sold my cost basis when it broke $100)

I have about 10% of my portfolio I invest in speculative shit.

I’ve got a gambling/casino fund from a side income that during Covid I started putting it towards speculative stocks and cryptos instead of blackjack. Made a shit load off of doge, then transferred to etherium, then transferred it to shibu, and now back to etherium. I’ve made out really well at each step and considering moving a portion of it to dwac. Risky but tempting. What would be a good entrance point?

 

[Jim14510]

What would be a good entrance point?

 

[jaihawk]

Been throwing some money into HBAR. Several people that I follow have been pretty high on them. Anyone else looking at that?

 

[BingoDingo]

Wow. So, Zillow is shutting down their i-buy division...what the story doesn't share is their augmented value model was waaaay off and they are selling a massive amount of homes in their inventory at a loss. They fired almost all of their data science/engineering division lol. Brutal.

 

[Faux Sean Callahan]

Wow. So, Zillow is shutting down their i-buy division...what the story doesn't share is their augmented value model was waaaay off and they are selling a massive amount of homes in their inventory at a loss. They fired almost all of their data science/engineering division lol. Brutal.

Good thing I sold the last of mine awhile back..

 

[Faux Sean Callahan]

I’ve got a gambling/casino fund from a side income that during Covid I started putting it towards speculative stocks and cryptos instead of blackjack. Made a shit load off of doge, then transferred to etherium, then transferred it to shibu, and now back to etherium. I’ve made out really well at each step and considering moving a portion of it to dwac. Risky but tempting. What would be a good entrance point?

No clue.

If you look at it vs the sandbox it will play against....

It has a market cap of 2 bil right now
PINS 29 BIL
TWTR 44 BIL
Snap 87 BIL
FB 917 BIL

So if you think it will reach any of those you can justify right now, but I imagine short term pain will be in your future.

 

[LoudHogRider]

Wow. So, Zillow is shutting down their i-buy division...what the story doesn't share is their augmented value model was waaaay off and they are selling a massive amount of homes in their inventory at a loss. They fired almost all of their data science/engineering division lol. Brutal.

Fuck those fucking fucks for fucking up the Phoenix/Scottsdale market for me. While the price of homes down there was always going to rise due to the influx of CA residents looking for something better that what that state has become, these fucking fucks snapped up ALL of the decent inventory.

Me, to Zillow:

 

[God is a Husker]

Wow. So, Zillow is shutting down their i-buy division...what the story doesn't share is their augmented value model was waaaay off and they are selling a massive amount of homes in their inventory at a loss. They fired almost all of their data science/engineering division lol. Brutal.

I wrote a paper in my real estate transactions class in law school about how Zillow’s valuation methods were fucked.

I deserve my A- (1 of 2) to be retroactively numbed to an A and awarded top paper in the class.

 

[God is a Husker]

 

[Jim14510]

So funny the dems always bitch about rich getting tax cuts with Pub changes. Then they make tax changes and guess what? It's still the rich people getting the majority. Because if you cut taxes it inevitably is going to benefit the people actually paying taxes. Gotta get those democrats states their SALT deduction back though.

 

[God is a Husker]

So funny the dems always bitch about rich getting tax cuts with Pub changes. Then they make tax changes and guess what? It's still the rich people getting the majority. Because if you cut taxes it inevitably is going to benefit the people actually paying taxes. Gotta get those democrats states their SALT deduction back though.

My biggest paper in law skewl was on how the mortgage interest deduction is worthless for its stated goals (helping people afford housing) and all it does is give about 5% of Americans a deduction.

Between needing to itemize (only ~7% of the population) and the cap of $750,000 mtg. the portion of the population that the MID benefits at all is tiny (roughly 2-5%) and NONE of that tiny % are relying on the MID to be able to “afford home ownership”. Nobody who uses the MID wouldn’t be able to afford to own some home without it.


Just a way for the upper middle class to save money.

 

[Jim14510]

My biggest paper in law skewl was on how the mortgage interest deduction is worthless for its stated goals (helping people afford housing) and all it does is give about 5% of Americans a deduction.

Between needing to itemize (only ~7% of the population) and the cap of $750,000 mtg. the portion of the population that the MID benefits at all is tiny (roughly 2-5%) and NONE of that tiny % are relying on the MID to be able to “afford home ownership”. Nobody who uses the MID wouldn’t be able to afford to own some home without it.


Just a way for the upper middle class to save money.

Top 5-15% maybe? Even the 15% is borderline. I don't know how many times I've been asked whether they should pay off their mortgage or if losing the interest deduction will kill them in taxes. Or if they should increase their donations. 80% of the time they don't even itemize on Federal.

P.S. I love that there's someone else on the board that can truly geek out and talk taxes.

 

[Faux Sean Callahan]

So funny the dems always bitch about rich getting tax cuts with Pub changes. Then they make tax changes and guess what? It's still the rich people getting the majority. Because if you cut taxes it inevitably is going to benefit the people actually paying taxes. Gotta get those democrats states their SALT deduction back though.

You guys would probably know this better but I heard on the radio Today that....

When Biden says "top "x" companies made billions in profit and didn't pay a penny in tax" that the biggest reasons for that are democrat tax credits include a green tax credit.

I just found that ironic if that is true.

 

[BingoDingo]

Fuck those fucking fucks for fucking up the Phoenix/Scottsdale market for me. While the price of homes down there was always going to rise due to the influx of CA residents looking for something better that what that state has become, these fucking fucks snapped up ALL of the decent inventory.

Me, to Zillow:

View attachment 5392

As a homeowner in the area who isn't looking to buy a new home in the next 5-8 years, I love it. Lol