• Life Advice & Visual Arts Welcome Guest
    Posting Rules Bluelight Rules
    🌌 Share Your Dreams! 🌌
    📸 15 Years of Photo Contests 📸
  • LAVA Moderator: streaM Freak

the market: stocks, bonds, options, whatever

this rally has me on edge

price keeps driving higher but volume is starting to shrink

i think there could be a correction in SPX soonish, maybe down to $6800
 
For real? That's sick.

Although this time I'm going to try and get long positions to avoid the capital gains tax, and also avoid the headache of obsessing over my investments which I historically do.
 
BFLY and HYPR are two innovative medical device companies that are following a very similar pattern, of a heavy drop in 2023 and trying to pop recently. So if one goes off first, it may indicate the other will as well. I don't know for sure, obviously. At least put on watch list.

Penny stocks are obviously risky, but I've made quite a bit off of them. Started trading pennies in I think around 2004 when I was in middle school under my dad's account.

Anyway, not only are their products unique and the patterns look good but their financials have gotten clearly better in the last year so the price movement makes sense if we trust the information and accounting calculations to be transparent/ not manipulative.

Edit - what I like to do when there are patterns this similar, are dollar-cost-average the one in red. In other words, at the end of the day, add a couple bucks on the one that was losing. It sounds counter intuitive, but it will hedge against the intraday volatility. If you like your picks you like your picks - obviously I'd only do this if my confidence level on something was very high.

I'm not sure how long I'd hold these. That's the hardest part in my opinion, not finding picks but knowing when to take gains. Which is why options fuck me more than help me - my exit timing is my biggest weakness. These days when everyone and their mom trades I feel like people take gains faster.
 
Last edited:
Well, if you ended up getting BFLY it's up 12% since I posted that yesterday. This is the tricky part - do you pull out, or go longer? I think it's about how much you're willing to lose. If you hypothetically invested "a lot", take the 12%.

I'm done doing predictions though because it's mostly just luck, anyway. And my life goals does not include being a financial advisor, and I'm not qualified even if I wanted to be.
 
Found these bad boys.



I think it’s a good time to invest in silver, and maybe buy up some bitcoin. Both are at 70 something when they both had a high of 125.
 
streaM Freak said:
Well, if you ended up getting BFLY it's up 12% since I posted that yesterday. This is the tricky part - do you pull out, or go longer? I think it's about how much you're willing to lose. If you hypothetically invested "a lot", take the 12%.

I'm done doing predictions though because it's mostly just luck, anyway. And my life goals does not include being a financial advisor, and I'm not qualified even if I wanted to be.
Click to expand...
That was great timing
 
FTSE Russell announced a preliminary list of changes to its indexes on Friday after the market closed—and some Big Tech names are being reclassified.

Google parent Alphabet and Advanced Micro Devices were among the largest stocks that will be removed from the Russell 1000 Value Index. That means those stocks will move to pure growth status by FTSE Russell’s standard.


Apple and Microsoft, on the other hand, will join the value index—and move from pure growth classification to a blend of growth and value.

Micron Technology and Sandisk will be removed from the Russell 1000 Value Index and added to the Growth index, thanks to the continued strength in semiconductor and hardware stocks amid ongoing demand driven by artificial intelligence.

The list released Friday is preliminary, and will be finalized June 18 before the reconstitution takes effect on June 29.
Click to expand...

 
You must log in or register to reply here.
Top