AMC sub $10 could be fun!

Hopefully MTG hasn’t slit his wrists losing all those paper gains.
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I'm sure he has done a half dozen swing trades with perfect timing to make another million bucks off of it.

Clay's actually the one I worry about. (I've been convinced MTG is full of shit for months.) But sadly Clay is not only banned from the thread, he's banned from the Lounge for a few more weeks.
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Down 59 percent so far this year.

(Checks portfolio.)

I wish I owned it instead of HCAT and PYPL and NVAX.
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Yeah, it says JP Morgan has a client that is going to dump even more than Ford did. This is kind of expected though, the initial investors are recouping some of their money. Doesnt mean the company isnt worth investing in? Right?

May be a great time to buy, after the next dump?

I think most companies are struggling with production right now so Im not to concerned with that either.

As a consumer entertaining the idea of an EV Truck, this Truck has captured my attention. Although, the Chevrolet shown during the Super Bowl is really nice and is actually a full size. Looks like an Avalanche but they dont call it that anymore. Roughly the same price when you build it. Probably better support for it later on as it is a major brand.

Looking for some opinions from you guys? Would you buy an EV Truck? If so would you buy a Rivian?
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It's getting so bad we're having to compare some of our chosen stocks to meme stocks. :-)

These are some fun times we're having to maneuver through.
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Wait, what? How do you get banned from the investing thread?

As far as AMC and GME, I have always looked at those kind of plays as straight up Gambling. You absolutely KNOW the stocks are NOT worth the money. I guess you are hoping to time it just right which everyone knows is impossible!

I did enjoy the headache it caused for some Hedge Funds but in the end, they won, as usual.
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Like I said earlier, I think their actual product is fantastic. It's pricey as hell, but if it's in your budget I think it's the best EV pickup out there right now.

The issue is that they haven't figured out how to ramp up production. I have friends who got on the waitlist on day 1 in 2019, and right now they're assuming it'll still be at least a year before they actually get one. As of March, Rivian had sold around 1,400 trucks this year compared to their waitlist of 83,000...

Here. It was his fifth strike in the past year. Not sure how we didn't notice he was above three already.
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Hey thanks DaFace, I agree that they appear to have a great product. The demand is definitely there as well. I do worry that by the time they get rolling the Big 3 will have caught up. Then what?
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There is no news that will turn this market around until everyone gives up and there is a purge.

This has been death by 1,000 cuts.

I see the housing market gonna topple over in the fall just before winter. Then recession for 2023
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Too much negative things intertwined; high oil, bad US administration, war in Ukraine, China COVID lockdowns, super high inflation, credit card debt surging, rates heading higher.

One more bad event or issue will kick this market in the balls. I think that will be the housing market.
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I'm gonna have to put off retirement for another year.
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Wow. Haven't placed a single trade today, just sitting on my hands watching the carnage. Almost grabbed some Tesla $850 calls after the opening dip, thank Almighty God I didn't pull the trigger. Yikes :-)

Wonder if this is finally capitulation, or just a warmup?
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What do you think about AAPL ?
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Might finally hit a real bear market.
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It has cracked 2 major support levels today, 3 if we're being technical (pun intended). Could this be the bottom? Yes. No. Maybe? But there's a saying about trying to catch a falling knife. Next support level is between $138-$140. If $138 cracks, the next level of support is ~$123.
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