Everyone ready for today's stock market anal annihilation?
So Shanghai fell like 5.5-7% in a day again.
Since last time nobody had a clue. Does anyone know why this is happening exactly?
Moved to cash on Dec 30.
Now just a matter of deciding when to buy back in
Yeah It's looking rough out there.
I'm still on the simulator but one of my option puts has come right into the green by quite a long way. Quite interested to see what I get if I sell it right now.
AAPL at it's 52 week low if you exclude that one day in August it dropped to low/mid 90's
Pop in ETP (I dumped it at 34.86, will buy back in under 32, which will probably be tomorrow)
TSLA is a shit stock anyway anyone stupid enough to buy them would probably buy beachfront property in Arizona.
AMD is heavily in debt, only a retard would buy their stock right now. They went through a slight rally and everyone was all "OMG BUY AMD" They still haven't posted any gains or returns. They're going belly-up we're just waiting for the crows to feed on their carcass.
agree with both points, but still massive swings
>[AMD] went through a slight rally
Slight? +50% from 11/18 to EOY. I knew it was way overvalued but wasn't confident the ridiculous upswing was over
When I say slight, I mean slight. Yes it had 50 percent, but if you look at AMD it's a borderline penny stock. No, wait it is a penny stock. Anything could set off a rally or a dump when you have a stock priced below 4 dollars a share.
sand nigs going ooga booga to spike price of oil. Its all a song and dance, nothing is going to happen. Just an opportunity to make a lot of noise and scare people so the oil they overproduce is worth a bit more.
Here's what I was talking about. Pic related
So I'm still trying to learn what the fuck I'm doing and I'm not sure what just happened here.
I sold this put option in the investopedia sim just now and it did seem to give me the 13 or $1400 dollars it looks like here. But I thought the option would only give me the amount quoted when I bought it.
So I bought it, as a put option, predicting the price would fall but I thought it would only give the the amount that I was quoted. But the movement just now obviously went a whole lot further and yet it does seem to have given me the full amount.
Is that right or is this sim a bit out of whack? I mean I'm pretty sure it's just me not understanding what the fuck is going on but it does seem to have some pretty crazy figures written all over it and it's confusing the fuck out of me.
I am pretty sure the next few weeks will be vital if you want to get into energy stocks that have hit rock bottom.
>low oil prices background noise
>saudia arabia's shenanigans and ISIL
>China bubble bursting
>end of a long bull market
My body is prepared.
started day at -1.65%
ended day at +0.98%
there is really no place for money. you will see dollar and dow rise coming years to insane highs