Anybody Buying Yet? Where’s the Bottom?

[huntandfly]

SQQQ paying the last month down we gooooooo

Im sitting on some decent unrealized gains here as well after opening a position 15 minutes before Powell’s most recent speech

Not nearly enough to cover my unrealized losses in my numerous long positions that I opened about 1.5 years ago

 

[noharleyyet]

I'm sitting on quite a few unrealized policy faux pas losses but can't deduct them til I lose my derriere...

 

[ETH]

Cash is king.

 

[Buffs35]

Having an argument about taxation without recognizing the difference between earned income and passive income, is a lot like being a CPW commissioner charged with big game tag allocation having never applied for a big game license nor the inclination to learn how it works.

 

[brymoore]

I don’t time the market.

I’m buying right now. It’ll all seem cheap in 10 years.

 

[NDGuy]

I don’t time the market.

I’m buying right now. It’ll all seem cheap in 10 years.

*Unless you are Japan

 

[schmalts]

Good article sums up why I dumped VZ. And oh the Lilly chick.. below it sums up debt and how VZ might need to raise prices. I just quit VZ due to their prices...
T-Mobile had the foresight to go all-in on mid-band spectrum, which offers the best trade-off between speed and coverage for 5G phones. But Verizon and AT&T pursued millimeter wave buildouts at first, which is faster but often inaccessible. To plug their mid-band holes, AT&T and Verizon spent big in 2020's C-band auction, shelling out tens of billions of dollars to acquire mid-band spectrum, but greatly increased their respective debt loads in the process. Moreover, even with the C-band rollout, each are still playing catch-up to T-Mobile.

That has left both Verizon and AT&T in a tough position. They can either raise prices in order to cover the costly 5G buildout, but that would risk losing customers to T-Mobile, which generally offers affordable plans.

In the second quarter, T-Mobile added 1.7 million postpaid customers, with 723,000 postpaid phone net additions. AT&T added 1.05 million postpaid customers. While its postpaid phone net additions exceeded T-Mobile's at 813,000, keep in mind T-Mobile is still losing some churn from its Sprint base as it shuts down Sprint's legacy network. Furthermore, AT&T appeared to lean heavily on phone subsidies, as its free cash flow fell well below expectations.

Verizon only grew postpaid phone net adds by a mere 12,000, with losses at the consumer segment offset by gains in enterprise mobility.

 

[rogerthat]

Im sitting on some decent unrealized gains here as well after opening a position 15 minutes before Powell’s most recent speech

Not nearly enough to cover my unrealized losses in my numerous long positions that I opened about 1.5 years ago

With etfs like sqqq, don’t sit on those gains too long. Those gains will evaporate in a sideways market. Those instruments are great for a trade but suck for a hold

 

[Flatrock]

The September slump isn't a sure thing. There are some Septembers that have been great, but some have been really bad. With well over 100 years of data I just wouldn't expect September to be a good month as a general rule.

Sure if the Fed only does 50 basis points, if Russia withdraws from Ukraine, etc. there might be some good upward movement, but there is a reason September is the worst month, we just really don't know what it is. LOL.

It's like what Yogi Berra supposedly said: "It's tough to make predictions, especially about the future."

 

[NDGuy]

With etfs like sqqq, don’t sit on those gains too long. Those gains will evaporate in a sideways market. Those instruments are great for a trade but suck for a hold

Until we drop another 15% this fall

 

[rogerthat]

Until we drop another 15% this fall

Maybe. You have to get the timing right with them also. If we drop 15% in September than it would be an outstanding trade. 15% drop in November or later may disappoint some for the risk that was taken.

 

[Irrelevant]

Funny. It wasn't very long ago I would have killed to be able to buy some of these tech stocks at the current prices. Looks like a dream come true!

 

[GearJunky]

Markets go up, and no one has a clue where it is going. Markets go down, and suddenly everyone is an expert. Seems to hold true in every market I have ever seen... Just makes me laugh.

My comment is not directed at anyone, just a funny observation I thought I would share.

 

[noharleyyet]

Saw my FA at the gym as I was leaving yesterday . . . he was cornered by a few of his clients whom are mutual friends. As I walked by I asked if he was giving the them falling knife cautionary. Gave me the ssshush...

 

[huntandfly]

With etfs like sqqq, don’t sit on those gains too long. Those gains will evaporate in a sideways market. Those instruments are great for a trade but suck for a hold

100% agree, it’s a short term play, but it’s slush fund money anyway so I am willing to buy the risk of a couple months of sideways trading for the potential payoff of what I suspect may be a rough fall for equities

 

[huntandfly]

Markets go up, and no one has a clue where it is going. Markets go down, and suddenly everyone is an expert. Seems to hold true in every market I have ever seen... Just makes me laugh.

My comment is not directed at anyone, just a funny observation I thought I would share.

Better lucky than good sometimes

 

[rogerthat]

Markets go up, and no one has a clue where it is going. Markets go down, and suddenly everyone is an expert. Seems to hold true in every market I have ever seen... Just makes me laugh.

My comment is not directed at anyone, just a funny observation I thought I would share.

How is this for a prediction, at some point in time the market will be much higher than it currently is. Your welcome

 

[antlerradar]

How is this for a prediction, at some point in time the market will be much higher than it currently is. Your welcome

..... I just hope it happen before I am 65.

 

[BigHornRam]

China is making bank flipping Russian LNG to Europe. Crazy world we are living in!

China Is Quietly Reselling Its Excess Russian LNG To Europe | OilPrice.com

China has been quietly reselling Russian LNG at a major mark up to gas-hungry European customers

oilprice.com

 

[BigHornRam]

Cash is king.

Sure looking that way right now!