Epic's Account Talk

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WorkFE said:
This is a take no prisoners type of market. Bigger question is does the market slowly creep up until the 27th, creating an inviting atmosphere, then "wham", back down to previous lows.
Click to expand...

I hope we can creep up to some new highs. Sure hope we don't "wham" back to previous lows but will have to take that ride if it happens. I'm down six figures and right now I will ride the peaks and valleys because I'm not willing to take that loss yet.
 
Hmmmmm :scratchchin::scratchchin::scratchchin:
I just find stuff like this rather interesting..... He didn't do very well when he's done this type of thing in the past. :cheesy:

Before this happened:
https://www.hpcwire.com/2022/07/19/...-act-temperature-check-but-challenges-linger/
The U.S. Senate on Tuesday passed a major hurdle that will open up close to $52 billion in grants for the semiconductor industry to boost manufacturing, supply chain and research and development.

This happened:
https://www.marketwatch.com/story/n...d-of-chip-manufacturing-bill-vote-11658179117
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote



 
Epic said:
Hmmmmm :scratchchin::scratchchin::scratchchin:
I just find stuff like this rather interesting..... He didn't do very well when he's done this type of thing in the past. :cheesy:

Before this happened:
https://www.hpcwire.com/2022/07/19/...-act-temperature-check-but-challenges-linger/
The U.S. Senate on Tuesday passed a major hurdle that will open up close to $52 billion in grants for the semiconductor industry to boost manufacturing, supply chain and research and development.

This happened:
https://www.marketwatch.com/story/n...d-of-chip-manufacturing-bill-vote-11658179117
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote
Click to expand...

It sure doesn't look good, but it has been all over the news before he bought the stock.
 
Dealing with this HEAT........
B4Glug.PNG

....and THEN......
Glug.PNG

Hope everyone is staying cool, however you do it.........:D:laugh::D:laugh:
 
Happy Fed Day ! ! ! !
So, seeing that there's a longer stretch of time between now and the next Fed Meeting in September, and with all my jumping around and reading what the talking heads are saying, the overall consensus is that there could be an opportunity for a nice "melt-up", followed by a hard downturn. I have no timeframe. It may last a week or two / longer or shorter. It may not happen at all. I have no idea, but I'm keeping that in the back of my mind for sure.
Also, I look at individual stocks as well, and not everything is tanking. Of course I'm always too late on any of these.
Redbox RDBX is one I noticed the other day, and one I just ran across this morning as the "Crazy Stock of The Day" (508% Gain).....:nuts::blink::laugh: GOOD LUCK EVERYBODY !!!!
PGY
(This is the last 5 days chart)

PGY.PNG
 
Just FYI . . . . .
https://www.foxbusiness.com/economy...nical-recession-growth-tumbles-second-quarter

​The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending.
Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of the data on Thursday. Refinitiv economists expected the report to show the economy had expanded by 0.5%.
Recessions are technically defined by two consecutive quarters of negative economic growth and are characterized by high unemployment, low or negative GDP growth, falling income and slowing retail sales, according to the National Bureau of Economic Research (NBER), which tracks downturns.
 
Wow, Ro Khanna of CA made 7475 trades in the last year? Really? :suspicious:

That's about 30 trades a day, every day. That's extremely active, but maybe we should be more concerned about the person who made just 1 or 2 trades. You know the ones right before a major bill gets passed? :)
 
Good point. Agree 100%. :fing02:
I just stumbled onto the site the other day and haven't had a whole lot of time to explore it, but it seems to have some good info within all the tab options.
It does indicate that the site is still in BETA form and possibly still being developed, but I'll just assume all the info is correct.
I really need to get back into things with my Fidelity Account. I've retreated back into safety 100% in that account just because everything I do and every choice I make seems to be the wrong one.
Maybe if I look into some of the "insider trading" of these political figures who seem to make tons of money, I can get re-inspired and get back to making some money myself. :dunno: Right now, I'm just frustrated......
 
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