should we buy
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should we buy
Coming into Monday trading, the ARK Innovation (ticker: ARKK) ETF was down almost 55% from its 52-week high and down 22% year to date. That compares to the Nasdaq Composite, which is down 14% from its 52-week high and 11% in 2021.
I have always wished I could start an etf and get paid what she does by picking the most popular stocks that everyone already knows about. What a total airhead.
If you like day trading, someone on r/WSB analysed Jim Cramer's recommendations:I have always wished I could start an etf and get paid what she does by picking the most popular stocks that everyone already knows about. What a total airhead.
I have made money buying puts on ARKK though.
What this should prove is common sense:Somehow I missed this entire thread...gotta catch up.
If you like day trading, someone on r/WSB analysed Jim Cramer's recommendations:
https://www.reddit.com/r/wallstreetbets/comments/mtehdq View: https://www.reddit.com/r/wallstreetbets/comments/mtehdq/i_analyzed_all_700_buy_and_sell_recommendations/
Turns out that his picks performed generally well on a one-day timeframe...but sank badly for long-term trades.
So you can just buy his picks quickly and sell them tomorrow...so he's a pump and dump shill.
Which reminds me of my Malaysian stock market.
I kept in touch with a veteran trader who's 20 years in the markets...and he told me simply that this market was only good for FIFO and moderate term trades (six months holding period max).
"I've written for the Malaysian financial newspapers...and they just write news to paint trick stories to trick investors with fables." he said. "Long term investing? Not in Malaysia. Do it for the US markets."
This got me thinking...then what was the point of putting a single cent in my local Malaysian markets then? Even for trading?
Even technical analysis traders rely on FA for some strength in the indicators...otherwise rallies won't last. And some believe you can predict incoming FA events by looking at charts performance-- which is sometimes hit or miss I'd admit.
That being said...a few tin and silicon (mining) companies in local have been moving upwards against the red. I was surprised to see tin prices flying up...apparently it is a very underrated metal for soldering in electronics and EV battery parts. We also do not have many listed players locally for the duo...so I guess the institutional funding gets all concentrated.
I'm thinking to start buying them while the other semiconductor stocks are still in red or begging for a re-accumulation phase on the price chart. And could be a good proxy for tech themes (while the real tech stocks are still correcting).
Also, the oil and commodities prices have been ripping up these days-- even though US or China offloads surplus to force them down in the short term. Malaysia used to be the world's biggest tin producer until other countries fought their way in and we moved on to other industries post- British...it would be interesting to see its tin industry make a comeback.
Indian shares were set for the sixth session in red on Tuesday amid interest rate worries and geopolitical tensions. However, after the gap-down start, the indices staged a smart rebound to recover most losses amid low-level buying in stocks.
Zomato had bought around 9 per cent stake in Grofers (now Blinkit). Kotak says, “Zomato had $1.9 billion in cash as of September 2021. Zomato is in a better position to fund its losses and make fresh investments in Grofers.
What this should prove is common sense:
Hyping a stock to an audience of millions of people pumps the stock price.
What this shows is basic stock market manipulation. Thanks Jim Cramer
I agree, people are waking up, user demographics changing (no longer young hip but now old moaners, my age group basically) advertising hit.. etc. etc....Will not miss it.The beginning of the end for Facebook? Down 25% on terrible earnings. Perhaps people are waking up that FB is not a net positive for humanity. Would love nothing more than for the platform to disappear and the stock go to zero. I can also dream about rainbows and unicorns.
ADP was -300k or something... numbers for tomorrow will be very poor. They've already signalled to that. But you're right, not data that Powell can ignore UNLESS it's not that "bad". But from looking at ADP, tomorrow unemployment should be higher than 4.1 - 4.2%. Under 4% is maximum employment according to the Fed I think. Will definitely be interesting.Nonfarm payroll and unemployment rate tomorrow. The Fed technically could change its course based on how these reports play out these several months.
The key will be how much and how fast the rate hikes will be. They can use the poor jobs numbers as an excuse to keep rates semi-low.
It can go to zero in a week or two after I exit my new position.The beginning of the end for Facebook? Down 25% on terrible earnings. Perhaps people are waking up that FB is not a net positive for humanity. Would love nothing more than for the platform to disappear and the stock go to zero. I can also dream about rainbows and unicorns.
I don't see why anyone would invest in banks with all the inflation running amok
even that is the highest it's been in 40 years!7.5% using the new calculation. I wonder how high it really is
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