Community Callouts

[rexxxar]

This is really good observation, since we really only have 2 options now–the market enters to full bear market, or trade sideways.
Any of which might be prolonged due to conditions we now know.
How long? That is the real question.

I look back to the windows of 1969-1979 (no sex intended), and 2000-2009, for my models.
We have Puto’s old-men-cold-war, we just got out of a pandemic, we’re testing new financial tools (crypto), and blown-up home prices.
It will take time to adjust, and this is the perfect time to develop skills in trading.
I’d stick with conservative gains and hold Thot’s 2% compounding strat to heart.

Keep playing by the week and let’s not hold on too tightly to bearish or bullish convictions.
I prefer to stay away from penny stocks with little to no sentiment, until the next bull run.
2years should be enough to stabilize most things again.

Conqueror has a thread on remaining covid19 gainers that might yet fall further down.
Check it out here:

COVID Valuation Removals: The Last Stand (Potential Swing Trade/Scalping Opportunities Discussion)

Ladies and gentlemen, it’s bear season. Maybe not in the overall market just yet, but certainly for some of our formerly beloved stocks that received massive bumps during the pandemic. We’ve done some work on these plays before, famously #rh (which we got everything right about except for the algo response to earnings) and you can read some of that content here: Now, I think that time is once again upon us… except I think we may be able to catch one of these a bit earlier than we did #zm & pton. Which stock? Well, several. But I think the most prime target may be cost. Costco’s time to go? cost has been cruising along in the bear market all by itself, if you hadn’t looked at it recently, you’d probably be somewhat surprised to know that it’s currently trading near all time highs at a cool ~100% above it’s pre-COVID valuation, here’s a look at the chart and it’s current fundamentals: [image] cost is a company that makes money, no doubt about that, but stonks don’t go up forever contrary to popular opinion and given the current market conditions, I think that we might have a ripe entry on one of the final remaining COVID pumped stocks. It would seem that insiders agree as well: [image] From a technical standpoint, we’ve just double topped off ATH as of yesterday, overall market sentiment is bearish and cost’s PT’s aren’t budging from it’s current price point as they’ve done in the past. What we’ve seen before with these behemoths is that they’ll start to track downward into their earnings about a month or so beforehand. In the case of pton it was a double top off ATH about two weeks before earnings: [image] #zm was one month before earnings with a somewhat similar formation: [image] cost is currently about one month out from their next earnings call, which would put them at right about the correct time to start tracking downward if we’re going to see a similar movement. Using our “May 2020” target that we’ve used previously, cost was trading at roughly $295. But it’s not just Costco The realization stemmed from a conversation about nvda and amd. You see, they fall in line as well: [image] nvda for instance was trading around $80 during that time meaning it’s over 100% above pre-COVID valuation at the moment. We saw it break below meaningful support yesterday and it very possibly could be starting an even larger trek downward. But it doesn’t stop quite there either… because amzn and goog also fit the bill: [image] And both of these tickers have earnings coming up next week which could potentially be the catalyst that kicks off the final “unwinding” of the COVID pump. How do I play this? Fuck if I know. These could all bounce and run 300% tomorrow, but, if they don’t, they could be solid targets for longer term puts or even put scalps for the somewhat medium term. The purpose of this thread is to house discussion on these potential opportunities and brainstorm ways to profit off of them most efficiently in the event they do …

*Doc, can you use line breaks next time, please? Maybe wait until your shift is over before you write your thoughts. My old eyes need some line breaks.