Are you learning anything about the stock market yet with the big AMBA plunge?
What have you learned?
go and see for yourselves.
ask yourselves, why?
i sold more BAC again today.
I'm a moron because I am right?
How many BAC shares do you have to unload?
So you can expect a ten year rally similar to the rally that took gold from $232 to $1900.
Except this time it will go from $1199 all the way to $10,000.
This is not a joke.
Hold on tight because it's going to be an amazing ride higher,
My position is long GLD..
This is a very very bad sign.
There is almost no chance that BAC will go higher.
Okay, a 1% chance ... So I guess that is still a chance longs.
I wish everybody well but don't be a greater fool with BAC stock.
It's 2006-2007 all over again and the Real Estate and the Banks are to blame AGAIN for this second disaster that#$%$ us again right now.
Believe me... I wish it wasn't so!
Without any splits.
TSLA sellers are making money if they are disciplined sellers.
Buyers are losing money because they buy the tops and are selling the troughs (as usual).
Okay, a few buyers who have simply held for years are doing just fine but they are very very few in number.
Has anybody in here simply bought and held TSLA for a few years without ever selling?.
Why? you ask?
Because this is simply how the stock markets move.
Isn't it fun?
We can expect lots of volatility next week, and a possible "Grexit" won't help things.
Gold is poised to rally nicely but oil to new 52-week lows again.
You get almost nothing for owning gold unless you sell options on tour positions like the smart money is doing.
Don't believe anyone who ever tells you you get nothing for owning gold.
You get TONS of money owning gold like the GLD when every week you can sell options on your GLD holdings. I guess you can very easily make 20% per year for owning gold even if the price stands still.
This stck will go back to $3.00 over the next three years.
I sold short at $17.50 around a week ago.
If I thought BAC would be going higher I would go long.
I like to buy and hold shares of a company whose stock I believe will be going higher.
If I think it's is going lower I sell short.
The point is to make money.
Common sense says: #1, If Bank of America has been left behind during the second biggest BULL MARKET in history then NOTHING will move it higher now, and #2, it's cheap for a VERY GOOD reason.
Tell me something I don't know.
Oh, my $17 puts went bust on Friday but my $17,50's made a killing.
TOLD YOU SO!
I've been trading, and plan on continuing trading, big blocks short here so beware to all BAC buyers.
The "top" for DGLY will be $350.00 PER SHARE! (within 6 months.)
Sell this stock short please.
Then lose your house, (and you can't later-on blame me for your massive losses because I have warned you right here & right now).
Go and look it up yourselves.
$9.00 here we come.
This stock is NOT cheap here (contrary to popular belief).
John & Pete Najarian: You guys will be wrong on Bank of America stock.
$9.00 will be nice again.
The word "bet" is not part of the investment world.
Invest yes, bet? no.