SVTP stock pick thread.

Fat Boss

Fat Boss

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MG0h3 said:
Look at how many shares you have now vs before and you’ll know.


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I typically don't keep track of how many shares I have, other than the company I work for- LRCX. But DPST definitely reverse split 1 for 10. I looked at the Yahoo message board for it and someone stated that it appears they split and reverse split as needed.
 
BlckBox04

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MG0h3

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I’ve been day trading it a bit in pre market.

Holding a good basket that I’m in the green on and not sure if I’ll sell before the split.

I have caught on that if the expiring month Nat gas is lower than the upcoming month, you’ll see a significant drop in Boil as the new month comes down to baseline.

July futures expire the 28th and currently Aug is about 8c more.

The gap keeps shrinking month to month but when we see the expiring month higher than the upcoming, that’s when you just see upward movement in Boil instead of the big drop right after expiration.

I’ve been way more successful day trading it or just a few days vs the longer hold.

I do not plan on holding it across expiration anymore unless the upcoming month is cheaper than expiring.


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jvandy50

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there are some good moves premarket in it and KOLD both, i wish i was more awake that early lol @MG0h3. I’ve decided they are too volatile for my liking and BOIL just doesn’t play nice with the way i trade(MACD, 3 time frames). Idk if it’s the decay, the fact it’s a commodity, or if I’m just retarded…likely a combo of things and past bud light usage
 
jvandy50

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Fat Boss said:
I've got a lot more BOIL shares than I should have at this point.
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This is my second time for this feeling…i went in on the weekly time frame…lesson learned.

BOIL reversed course 3 straight times after looking good on a 4hr time frame…cost me thousands and I’d just wake up and start cussing lol
 
MG0h3

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jvandy50 said:
there are some good moves premarket in it and KOLD both, i wish i was more awake that early lol @MG0h3. I’ve decided they are too volatile for my liking and BOIL just doesn’t play nice with the way i trade(MACD, 3 time frames). Idk if it’s the decay, the fact it’s a commodity, or if I’m just retarded…likely a combo of things and past bud light usage
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Commodity dude. Gas as I can tell, technicals don’t mean anything.


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jvandy50

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MG0h3 said:
Commodity dude. Gas as I can tell, technicals don’t mean anything.


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i’d love nothing more than to chalk it up to that, because i have been absolutely owned by this ticker lol.

do we think the reverse split will do to it what it does to all other tickers? Or does it simply change in price since it’s a commodity
 
MG0h3

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jvandy50 said:
i’d love nothing more than to chalk it up to that, because i have been absolutely owned by this ticker lol.

do we think the reverse split will do to it what it does to all other tickers? Or does it simply change in price since it’s a commodity
Click to expand...

Hard to say. I mean there’s no earnings.

The weather and supply chain change the price of gas more than anything. Can’t technical your way through that.

You can def identify ranges they get in though.

Being a higher price will decrease volume for sure but I’d expect it to just act like it has pre split.


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Weather Man

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:mad:

UBS: ‘We continue to expect a hard landing’​

SP500 +0.22%Jun. 12, 2023 8:15 AM ET20 Comments
UBS argued Monday that Wall Street is still on pace for a hard landing, even though investors have seen a recent market rally over the last couple of months in the Dow (DJI), S&P 500 (SP500) and the Nasdaq Composite (COMP.IND).
“We continue to expect a hard landing, and an economic contraction of roughly 1% peak to trough in real GDP beginning next quarter with subsequent impact on the labor market,” the investment bank noted in a recent note to its clients.
UBS went on to add: "In our view, real consumer spending growth is tepid, business capex plans are weak, orders and shipments data not much better, and we think that under the hood the labor market is slowing."
The financial institution believes an economic correction is coming this year and added that recession probabilities are about as high as they get, as they see aggregate recession odds at nearly 80%. See chart below provided by UBS:

Looking at recent stock activity, major market average exchange traded funds that mirror the benchmark indices are all higher on Monday morning.
Daily price action: SPDR S&P 500 ETF Trust (SPY) +0.3%, iShares Core S&P 500 ETF (IVV) +0.3%, Vanguard S&P 500 ETF (VOO) +0.3%, SPDR Dow Jones Industrial Average ETF Trust (DIA) +0.1%, and the Invesco QQQ Trust ETF (QQQ) +0.5%.
 
Weather Man

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Interesting, so when should you pull some dry powder out ? :unsure: The one thing not the same is the labor shortage.

Economist John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.”


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jvandy50

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I've had luck recently on BX and AMZN swings...but both are looking a little toppy. I'm all cash besides a tiny SQQQ starter position and a small BOIL buy I'm gonna let run after I cut my bags on the last round...it literally ran 20 cents the next day, and now 90 cents overall lol
 

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