Trade tariff talk?
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General rule of thumb....

up open = down close
down open = up close

Not clock work but you'd be surprised at how often it works that way, particularly in non-trending markets
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Nothing to do with tariffs whatsoever. It's about the amount of $ they are spending to keep up with Amazon. They took a big earnings hit.
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What he is talking about is called "running the stops". Market Makers and Floor Traders do it all the time.
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This whole stock market thingy is just dumb. Trump announces tariffs on Steel which is GREAT for all US steel companies yet the stocks move down as people freak out and sell off. Then today they will move back up as idiots think about it.

It's dumb, just dumb.

And you can find companies with perfect fundamentals that are in great shape and very profitable and the stock just goes sideways yet you can find companies with negative cash flow in huge debt and the stock is moving up 100% per year.

It's just dumb.

You can even look at Warren Buffets portfolio and scratch your head. what the hell is that baffoon doing. His stock plays are just dumb.
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So did any one take a nice trip with a run on MU as mentioned last year in this thread?

Doubled in the past year from 28 to 55. Whew, what a run.
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Of course not!
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This is incredibly common for any anticipated event/product release.

It doesn't mean your steel stocks won't do well over the next year or two.

As far as the other stuff, yeah, over the short term stocks can do wacky sometimes nonsensical stuff.

I saw a cnbc headline on my phone the other day that made me crack up. Found it

Square shares hit an all-time high, but nobody is sure why

Square shares hit an all-time intraday high on Monday.
The stock rose over 9.5 percent, as shares changed hands at more than 200 percent the average 30-day volume.
Many on Wall Street told CNBC they were stumped as to the exact catalyst of the share move.


It was bizarre. Their earnings release was the week before and they received no change in analyst ratings or anything that day. shrug, trying to figure out what the market is going to do over any short period of time is a good way to go crazy
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SGMO
NKTR
CRSP
EDIT
NTLA
BACON
EGGS
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I'm holding it (nervously) and Lam Research LRCX. MU just got a massive price target upgrade this morning

:-)

https://www.streetinsider.com/Analys.../13930073.html
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I was scared at 55 and got all out.

Then Friday happened and thought damn, maybe buy back in? Of course didn't. And today happened. Ugh.

My father made $800 this morning buying call options in an hour. Lucky bastard.
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HOLY SHIT!

Here's a stock up 311% in one day

And it's not a penny stock

RKDA

I gotta research this.
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I remember someone I know mentioning Arcadia Biosciences last year. But I don't know much about them. Anyway, someone got rich today.

Sounds ripe for a pullback when it hits 50. Maybe some Puts out for a few weeks might be a fairly cheap play. But who knows. It might keep going up.
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Cross posting from DC: https://www.coursera.org/learn/finan...ning/#syllabus

Looks like a great course if you know some younglings.
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Any reason I SHOULDN'T put stop loss orders on commission free ETFs I purchased through TD Ameritrade after making some gains in these funds? All I am seeing is their rules is a 30 days hold period before being able to sell these with no commission costs. If I hold that long and sell, I can buy back in again at any time and wouldn't have another commission fee to sell if held again for at least 30 days.

Recently put money in an ETF that's gained about 8% in 45 days. Any reason I shouldn't set a Stop Loss order slightly above what I bought it for (maybe 2-3% above purchase value), so if the market tanks, I don't lose a large amount of capital since I am paying no fees to set this floor anyway?

/Thinking Out Loud. Thanks for the thoughts.
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