Society Corona - Stock Market thinktank
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Another 8.5% todayUp another 10% today.
Now at $17.47
Up to $18.61
Up about 80% since I told you all it was percolating back in May.
I keep thinking there’s no way this market can sustain this upward momentum and I keep being proven wrong. Inflation out the ass, interest rates thru the roof, commodity prices thru the roof, potential for WW3, people struggling, earning misses by so many companies in Q1 and Q2….and the market just keeps climbing. It’s unreal.
MOON SHOT!!
Happy to say I went all-in at the weekend peak of $175/share.
Kinda why I haven’t pulled the trigger on it yet. I don’t see many stocks that are able to hold their gains of late, and I don’t claim to be, or want to be, a day trader. This market just seems ripe for a pullback and that’s when I hope to pick up several on my watchlist. But wtf do I know. DOW could be hit 40k without batting an eye.
Happy National Downgrade Day, everyone!
Fitch has officially downgraded the US long-term rating from AAA to AA+
Their reason: "Your government is a mess and Biden is an idiot." (paraphrasing)
The market - as expected - is taking the news right on the chin.
Fitch has officially downgraded the US long-term rating from AAA to AA+
Their reason: "Your government is a mess and Biden is an idiot." (paraphrasing)
The market - as expected - is taking the news right on the chin.
Been waiting months for a pull back. Hoping something would act as a catalyst. Maybe this is it. So many I have on my watchlist. UA, BTCM, DMTK, RUM, DWAC, PBI, SENS, CNET, AG.
The Reddit nerds have been active with their meme stonks again. Lately it was Tupperware (TUP) and Yellow Trucking (YELL).
Both went up monstrously for about a week and are currently in crash mode.
Quite a bit of chatter over there about Under Armour. I'm already in deep on that one. Will add more during this current pullback. Not much short interest in UNder Armour though, so it won't be a squeeze or anything.
But it's still gonna go to the moon
? ?
Big gambling stock news.
Portnoy now owns 100% of BarStool and has severed ties with PENN. PENN has signed a 10-year, $2B deal with ESPN and will be rebranded as the new sportsbook ESPN Bets THIS FALL.
This is horrible news for DraftKings - who (I assume) will no longer be advertising on ESPN as they are now a direct competitor for gambling dollars.
DK stock down 10% to $28.63
PENN up 13% to $28
I'd think that DK stagnates for a bit. PENN likely heads north from here. Wouldn't shock me to see it hit $40 this NFL season.
Portnoy now owns 100% of BarStool and has severed ties with PENN. PENN has signed a 10-year, $2B deal with ESPN and will be rebranded as the new sportsbook ESPN Bets THIS FALL.
This is horrible news for DraftKings - who (I assume) will no longer be advertising on ESPN as they are now a direct competitor for gambling dollars.
DK stock down 10% to $28.63
PENN up 13% to $28
I'd think that DK stagnates for a bit. PENN likely heads north from here. Wouldn't shock me to see it hit $40 this NFL season.
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Crazy that Portnoy bought the company back and has full control. Barstool is going to be fun again.
Is anyone here even thinking about buying a home under these current conditions. If you’re sitting here with a sub 4% mortgage, like many of us who refinanced when Trump was in office…the thought of having to move for work, or having to sell for personal reasons, would scare the shit out of me.
Our current house payment on a 20 yr mortage, would be double If we financed it on a 30 yr at todays 8% rate. Crazy.
Our current house payment on a 20 yr mortage, would be double If we financed it on a 30 yr at todays 8% rate. Crazy.
Please tell me you've been following the podcast one story.