MARKETS,Anybody even yet?

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olds442jetaway
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Re: MARKETS,Anybody even yet?

Post by olds442jetaway »

Order in to buy sqqq. Lost my confidence in this week and government response on inflation. Biden whining for Dems not giving him credit. Are you kidding me!!! I should have bought stock in whatever company makes parts for the Government money printing press.

FAA
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Post by FAA »

I can liquidate and begin anew elsewhere with 92% of my original funds. But a more vanilla portfolio will never recoup my losses. I'm mostly Nasdaq, so I'll close at 13,000. I won't break even, but close enough to put this living hell behind me.

FAA
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Post by FAA »

I was +1.8% today in a banner day for the markets. I now have 93.7% of my original funds. This may well be my last month with this portfolio. I am absolutely fried from the stress and cannot see a prosperous Q3 or Q4. Olds, -$130 on our TEL. If tomorrow is identical, I break even on it. Extremes: Invidia +6.94%, Aflac -0.2%. Let's get those ducks in a row.

FAA
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Post by FAA »

PLG Platinum Group Metals -12% despite a research analyst upgrade to a "sell" rating.
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I was expecting much worse. This crap has actually tread water over a six month span.

olds442jetaway
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Posts: 10831
Joined: Tue Aug 21, 2007 9:08 pm

Post by olds442jetaway »

I lost 300 today on sqqq, but more than made up for it on market upswing. I will just park Sqqq for now and sell on the next big nasdaq dip. I’m not sure if playing both sides against the middle will work out in the long run, but that’s what I’m doing with it for now. Percentage wise I am probably down for the year about where you are I haven’t had time to check the details today. Making another solo overnight run up to bizarro world later as soon as the torrential rain goes by. Small budget night might play the three cent game and have a couple of Amstel Lites just chill out. Maybe a philly steak sandwich too.

FAA
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Post by FAA »

I thought you'd take a bath on SQQQ BS speculation. Another "big Nasdaq dip" would be devastating. Hoping to take my stress out on the machines this weekend.

dinghy
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Post by dinghy »

FAA wrote:
Thu Jun 02, 2022 2:45 pm
I was expecting much worse. This crap has actually tread water over a six month span.
Do you have platinum expertise? I like PLG enough to continue holding it, but haven't studied the market (or the company) lately. I think it's my only platinum miner, except possibly for one or two others with incidental operations. The platinum price has been stuck around $1000 which is not what I expected given the broad inflation and much higher price of chemically similar palladium.

My after-hours mover today is STNE StoneCo, a financial technology provider operating in Brazil. It was +7% today, and is now adding a further +23% in the extended. The quarterly earnings report was surprise-good. I'm still down on the position though.

FAA
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Post by FAA »

Do you have platinum expertise?
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Certainly. I am a long time CET Platinum card holder.

dinghy
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Post by dinghy »

FAA wrote:
Thu Jun 02, 2022 4:10 pm
Certainly. I am a long time CET Platinum card holder.
Finally it was good for something. :D

olds442jetaway
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Post by olds442jetaway »

I am predicting a down day today. More and more big time CEOs are predicting recession. Elon Musk says he has a bad feeling and is going to lay off 10 percent of his workforce. That’s about 10,000 jobs. Prices for everything are out of control. Predictions are for 6 buck a gallon gasoline for summer driving. My sister paid 6.49 yesterday an hour outside of San Francisco. I must admit I have a bad feeling also or I never would have started trading SQQQ.

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