ebuka1997:
This is the group that pumped and dumped the market https://www.cnbc.com/amp/2020/09/04/softbank-reportedly-the-nasdaq-whale-that-bought-billions-in-options.html

Money speaking

But Softbank also increased their investments in tech companies and went bullish. Or did they play both sides like you did?

ebuka1997:
My thoughts are that this is a stock market rotation, the tech sector rallied as a result of shutdowns and work from home trends but after the Labor Day weekend next week the elections would start influencing the market more. Investors would bet on cyclical stocks. For example, winter is coming up. Some companies would be in more in demand And as demand for their services increases, it could affect their stock price. These doesn’t mean other stocks won’t rise too oh. I just think the market would be up and down, up and down.
I’m looking at toro a snow and ice removal company which generally rises during the winter and a quick glance at their earnings shows they beat earnings by 45%
Winter resorts would have been a good option but hospitality is still down for now

Tech is here to stay bros. The coronavirus has altered the way we do things for life. Companies are already moving away from states such as New York and California and relocating to states that are low in population. By winter, after all the noise of cyclical stocks, people would come back to tech.

ebuka1997:


Watch for pullbacks, this would beat earnings next week

I still think PTON is a buy. I plan to buy shares before earnings because I think theh will crush it. This is my thought only and not an investment tip o.

YerYer:
FOMOed back into Overstock (OSTK). Wayfair (W) another online retailer of home goods has a market cap of over $31B while Overstock is just $5.3B. As we all know, many people are using this period to refurnish their homes hence the reason why online home goods retailers like Wayfair (W) and William Sonoma (WSM) have been on a tear. If you've been holding this stock since Oakpearl recommended it, congrats, I got out at $90. Plan to dollar cost average my position if it drops to $90.

Stop limit order took me out of Overstock (OSTK) at $63. I tried to reduce my cost average by buying the dip but it didn't pan out as planned and my stop loss order took me out today at $63. I dont have that glorious red screenshot to show but I posted all my transactions in this stock. I believe I'm down over $6k.

Not sure where the market is heading but I'm trying to build up my holdings in quality stocks for long term. AMZN, MSFT, FB and SHOP are definitely on my list.

Not a stock investment advice.

I'm tired of antispam bot banning me every week. I don't even understand anymore.

YerYer:


I still think PTON is a buy. I plan to buy shares before earnings because I think theh will crush it. This is my thought only and not an investment tip o.

They apparently plan to introduce low cost bikes which would make it more affordable for low income customers. This is positive.
https://www.google.com/amp/s/www.marketwatch.com/amp/story/peloton-planning-new-higher-end-spin-bike-and-cheaper-version-of-its-treadmill-report-2020-09-04

afroxyz:


Tech is here to stay bros. The coronavirus has altered the way we do things for life. Companies are already moving away from states such as New York and California and relocating to states that are low in population. By winter, after all the noise of cyclical stocks, people would come back to tech.

See humans are social creatures, that’s why I said it depends on trends during and after the elections. Trump is more likely to open the economy than Biden especially as treatments start coming out. He has pushed for schools to open up, schools are opening up now. People even want to start coming out, obviously tech would still last but these tech companies are way overvalued. People are making it seem like this is a permanent change in the way we would start But it is still likely that in some months we could go back to normal Most states are opening up now and people are returning back to work.
Of course, FAANG would still survive but companies like zoom may not reach all time highs again.

afroxyz:


But Softbank also increased their investments in tech companies and went bullish. Or did they play both sides like you did?

It’s mostly derivatives in the companies they bought, them buying calls probably triggered buying interest. No one knows if they hedged by buying puts also tho. We’ll see in some days if they’ve unloaded their position.

ebuka1997:


See humans are social creatures, that’s why I said it depends on trends during and after the elections. Trump is more likely to open the economy than Biden especially as treatments start coming out. He has pushed for schools to open up, schools are opening up now. People even want to start coming out, obviously tech would still last but these tech companies are way overvalued. People are making it seem like this is a permanent change in the way we would start But it is still likely that in some months we could go back to normal Most states are opening up now and people are returning back to work.
Of course, FAANG would still survive but companies like zoom may not reach all time highs again.

Yes we are social beings, but I'm are talking how we would conduct business going forward?

Definetely technology would be a forefunner in deciding how we work, produce things and dispense services. This is what fuels the economy.

Provided we continue depending on technology to make ends meet, I don't think tech stocks are overvalued (long term). Not even with the profit they are making.

Besides technology is already changing our social lives. Look at Tiktok, Instagram, Snapchat and Reel.

I just recently got interested in Tesla (don't hold the stock yet).

So it missed being added to the S & P 500. That says a lot ( it dipped 6% after hours). These are 3 reasons I think why

Stock price volatility.
Revenue uncertainty.
Robinhood gamblers.

It's likely to dip further next week.

On Novavax, I bought @120. I added to my position yesterday to average down. I have been monitoring their clinical trials. The reports so far shows theirs to be the most promising when compared to the likes of Moderna, Gilead etc.

I still hold the likes of Gilead and Boeing I bought in February and March respectively. Even if I choose to sell both anytime, the current exchange rate will add to my profit which brings me to my last point.

When trading in the US stock market, ALWAYS try to monitor your EXCHANGE RATE before you buy. Always. So that even if you're at a loss, when you eventually sell, you have your exchange rate to fall back on as cushion.

afroxyz:


Yes we are social beings, but I'm are talking how we would conduct business going forward?

Definetely technology would be a forefunner in deciding how we work, produce things and dispense services. This is what fuels the economy.

Provided we continue depending on technology to make ends meet, I don't think tech stocks are overvalued (long term). Not even with the profit they are making.

Besides technology is already changing our social lives. Look at Tiktok, Instagram, Snapchat and Reel.

Yes technology has been a part of life for decades now. The risk is that growth is limited now, this pandemic helped tech to grow even further by people relying on online payment and video conferencing. The question is how much further can tech grow. Some of these companies were called work from home companies like zoom and the way they are they don’t have much room for growth again. Would job interviews still be conducted via video conferencing etc year, Annual General meetings. It may have peaked that’s what I mean.

I sold all my stocks not because of the falling market and bears but because Naira is losing value fast...exchanging to buy is not advisable..you may ecchange high..then the rates fall...

A 10% loss requires a 11% gain to get back to even
A 20% loss requires a 25% gain to get back to even
A 50% loss requires a 100% gain to get back to even
A 90% loss requires a 900% gain to get back to even

Huge gains aren't easy & big losses destroy capital: Avoid big losses! Patient ooo

nna777:
I just recently got interested in Tesla (don't hold the stock yet).

So it missed being added to the S & P 500. That says a lot ( it dipped 6% after hours). These are 3 reasons I think why

Stock price volatility.
Revenue uncertainty.
Robinhood gamblers.

It's likely to dip further next week.

On Novavax, I bought @120. I added to my position yesterday to average down. I have been monitoring their clinical trials. The reports so far shows theirs to be the most promising when compared to the likes of Moderna, Gilead etc.

I still hold the likes of Gilead and Boeing I bought in February and March respectively. Even if I choose to sell both anytime, the current exchange rate will add to my profit which brings me to my last point.

When trading in the US stock market, ALWAYS try to monitor your EXCHANGE RATE before you buy. Always. So that even if you're at a loss, when you eventually sell, you have your exchange rate to fall back on as cushion.

What exchange rate did you buy? What will you gain now if you sell? Which app do you use?

gamaliel9:
I sold all my stocks not because of the falling market and bears but because Naira is losing value fast...exchanging to buy is not advisable..you may ecchange high..then the rates fall...

It is "gaining" value. Artificial CBN gains

gamaliel9:
I sold all my stocks not because of the falling market and bears but because Naira is losing value fast...exchanging to buy is not advisable..you may ecchange high..then the rates fall...

It also crossed my mind to sell but I will prefer my losses to be paper losses for now let me just be looking at it and hoping because if it enters my account sifia pains will increase.

Jotrade:
A 10% loss requires a 11% gain to get back to even
A 20% loss requires a 25% gain to get back to even
A 50% loss requires a 100% gain to get back to even
A 90% loss requires a 900% gain to get back to even

Huge gains aren't easy & big losses destroy capital: Avoid big losses! Patient ooo

Great insight

You guys on longs should exit all. Don't leave any position open. You will suffer an almost 90% capital loss if your account isn't wiped out.

I issued this warning on NSEMPA around 28th August 2020 and later followed up with date similar event occurred on 1929:

Dow : 16K
S & P : 1,800
NASDAQ: 5,800

Guys should close their long trades. It is going to get severely bad.

Most of you waiting to buy the dip will lose money. September and October will have a massive red candles. Now some investors (sophisticated and newbies) are thinking it us just a correction. This isn't 'just' a correction. This is the start of a crash!

Soon NASDAQ will start to lose 7% on a single and trigger the circuit breakers. That is when EU and Asia will start Oso Abiola.

After losing 7%, it will graduate into the 13% single day range of fall. Then 20%.

Leave with your loss. Losses will keep piling.

The algos will sell until everything freezes just like how it did it March 2020. Then investors will face other assets like gold, bitcoin, silver, Brent etc and sell them to free up liquidity. They will be a massive crushing sell orders. Any rise you see in equities is a huge trap (just like the Tesla, Apple rise of Friday).


Wait for:

Bitcoin at 3,200
Gold at 1,200
Brent will hit below 20 again.

S & P VIX should spike towards 96. This will be the highest ever recorded for any crisis.

Just to add my 2 cents. Goodluck guys.

RabbiDoracle:
You guys on longs should exit all. Don't leave any position open. You will suffer an almost 90% capital loss if your account isn't wiped out.

I issued this warning on NSEMPA around 28th August 2020 and later followed up with date similar event occurred on 1929:

Dow : 16K
S & P : 1,800
NASDAQ: 5,800

Guys should close their long trades. It is going to get severely bad.

Most of you waiting to buy the dip will lose money. September and October will have a massive red candles. Now some investors (sophisticated and newbies) are thinking it us just a correction. This isn't 'just' a correction. This is the start of a crash!

Soon NASDAQ will start to lose 7% on a single and trigger the circuit breakers. That is when EU and Asia will start Oso Abiola.

After losing 7%, it will graduate into the 13% single day range of fall. Then 20%.

Leave with your loss. Losses will keep piling.

The algos will sell until everything freezes just like how it did it March 2020. Then investors will face other assets like gold, bitcoin, silver, Brent etc and sell them to free up liquidity. They will be a massive crushing sell orders. Any rise you see in equities is a huge trap (just like the Tesla, Apple rise of Friday).


Wait for:

Bitcoin at 3,200
Gold at 1,200
Brent will hit below 20 again.

S & P VIX should spike towards 96. This will be the highest ever recorded for any crisis.

Just to add my 2 cents. Goodluck guys.

Lols...Everyone will be alright las las..Thanks though my Oga....

...

Anyone remember when NGSEINDX was sub 60000?

https://wolfstreet.com/2020/09/05/the-wild-ride-of-the-giant-5-stocks-appl-msft-amzn-goog-fb-v-the-rest-of-the-market/

Jotrade:
A 10% loss requires a 11% gain to get back to even
A 20% loss requires a 25% gain to get back to even
A 50% loss requires a 100% gain to get back to even
A 90% loss requires a 900% gain to get back to even

Huge gains aren't easy & big losses destroy capital: Avoid big losses! Patient ooo

Nice one. People should imbibe the culture of sound risk and money management. Also position sizing should be practiced.

RabbiDoracle:
You guys on longs should exit all. Don't leave any position open. You will suffer an almost 90% capital loss if your account isn't wiped out.

I issued this warning on NSEMPA around 28th August 2020 and later followed up with date similar event occurred on 1929:

Just to add my 2 cents. Goodluck guys.

Nice one @rabbbidoracle. Nobody needs a soothsayer to tell them that a massive correction is about to take place in NYSE and NASDAQ. The upward pressure on prices due to various stimulus package have sent stocks to crazy high levels which are no longer sustainable and investors are even beginning to panic that the party is about to be over.

However, the burst will present great opportunity for we traders to make more money and increase profitability.

Coolcash1:


Nice one @rabbbidoracle. Nobody needs a soothsayer to tell them that a massive correction is about to take place in NYSE and NASDAQ. The upward pressure on prices due to various stimulus package have sent stocks to crazy high levels which are no longer sustainable and investors are even beginning to panic that the party is about to be over.

However, the burst will present great opportunity for we traders to make more money and increase profitability.

How sir? is by day trading or waiting to re-enter the market when prices hit their lowest?

Earnings for the week

Coolcash1:

Nice one. People should imbibe the culture of sound risk and money management. Also position sizing should be practiced.

The ability to invest in a way that protects you against emotionally wrecking drawdowns is a crucial investing skill. Don't deploy a huge portion of your capital chasing fancy hot stocks - you might make money sometimes and feel like a genius but it's like playing Russian roulette, when you lose, you lose big.

Greed is what gets in the way but we have to learn to be long-term greedy as Goldman Sachs would put it. Unfortunately, no one is likely to become astoundingly rich on a sustainable basis from stockmarket investing within a short space of time. Aim to be rich/wealthy over the long run and curb all those get rich quick fantasies.

RabbiDoracle:
You guys on longs should exit all. Don't leave any position open. You will suffer an almost 90% capital loss if your account isn't wiped out.

I issued this warning on NSEMPA around 28th August 2020 and later followed up with date similar event occurred on 1929:

Dow : 16K
S & P : 1,800
NASDAQ: 5,800

Guys should close their long trades. It is going to get severely bad.

Most of you waiting to buy the dip will lose money. September and October will have a massive red candles. Now some investors (sophisticated and newbies) are thinking it us just a correction. This isn't 'just' a correction. This is the start of a crash!

Soon NASDAQ will start to lose 7% on a single and trigger the circuit breakers. That is when EU and Asia will start Oso Abiola.

After losing 7%, it will graduate into the 13% single day range of fall. Then 20%.

Leave with your loss. Losses will keep piling.

The algos will sell until everything freezes just like how it did it March 2020. Then investors will face other assets like gold, bitcoin, silver, Brent etc and sell them to free up liquidity. They will be a massive crushing sell orders. Any rise you see in equities is a huge trap (just like the Tesla, Apple rise of Friday).


Wait for:

Bitcoin at 3,200
Gold at 1,200
Brent will hit below 20 again.

S & P VIX should spike towards 96. This will be the highest ever recorded for any crisis.

Just to add my 2 cents. Goodluck guys.

As wary as I am about all the gungho investors that we have seen in the last few months, I don't agree with all these excessively pessimistic claims.

As I have argued before, the Federal Reserves' liquidity is driving markets and markets tend to be forward looking, looking at where the economy is headed.

So whilst some investors feel the need to book some of the massive profits made and others are spooked by the upcoming US elections, things are generally looking up. Investors should be wary of being entirely out of the market at this point.

4Play:


As wary as I am about all the gungho investors that we have seen in the last few months, I don't agree with all these excessively pessimistic claims.

As I have argued before, the Federal Reserves' liquidity is driving markets and markets tend to be forward looking, looking at where the economy is headed.

So whilst some investors feel the need to book some of the massive profits made and others are spooked by the upcoming US elections, things are generally looking up. Investors should be wary of being entirely out of the market at this point.

...I share your sentiments.

https://www.youtube.com/watch?v=wtO4QmAnkZk

I personally don't think it will break till around Nov 3. Up and down till then though.

OvaSabi1:


What exchange rate did you buy? What will you gain now if you sell? Which app do you use?

Btw 350 & 360 (Feb and March)

Exchange rate profit average is btw $90 to $100 per share.

I used Trove to buy then but T212 now.

Just stumbled upon this thread. I will like to learn investing in US Stocks/chinese stocks ,where should i start from.

nna777:


Btw 350 & 360 (Feb and March)

Exchange rate profit average is btw $90 to $100 per share.

I used Trove to buy then but T212 now.

How dyou fund your t212 sir?