The next two weeks are going to suck.

1. Tax loss selling

2. Thin trading because people are on vacation
[Reply]

I don't like where we are but oddly enough this morning the QQQs are showing a modicum of support right around the $380 level which is where we found support on 12/6.

The SPYs aren't quite to that same level. Both gapped down on the open below the 50 say SMA so I wouldn't put a ton of stock (no pun intended) on the bounces off the lows so far today.
[Reply]

it's short szn baby
[Reply]

I think the recent swings with AMC are hedge pump and dumps. Another way to shakeout retail.
[Reply]

[Reply]

Holy shit that’s incredible.

:-)
[Reply]

I laughed unreasonably hard at this.
[Reply]

Fuck you ILUS!!!

My only bag hold. Damn.

I never mess with penny stocks but got caught in the hype.
[Reply]

Man, I watched the video that someone posted about ILUS (Hog I think) and was all ready to jump in. For some reason I did NOT. Thank goodness. I still may but at a much better price.

Then again, I have bought three penny stocks so far and have been murdered on all three! Now just holding bags of tied up and devaluing cash!

Penny stocks just seem like straight up gambling.
[Reply]

Any true trader always gets stung. Welcome to the over hyped club.

Sucks balls and we all do it at least once..

I lost 24,000 of my 25,000 back in the late 90's on Lucent.

I'll never forget it. Sucks balls.
[Reply]

This isn’t in my trading account. I don’t trade stocks below $10/share and I’d never take a loss of more than 10% when trading.

This is in my ROTH where I hold long positions.
[Reply]

How big a percent loss you sitting on or did you just dump it and lick your wounds?
[Reply]

25% loss. It’s only 1% of my total investments so I’ll probably just sit on them.

Just wanted everyone to know I’m not perfect. :-)
[Reply]

You're still perfect in my eyes! :-)
[Reply]

Get to the gardening thread and tell me about your plants!
[Reply]