Hey Nerds: Blockchain

[Preston]

lot of Nasdaq charts have that look....the bounce should be fierce but from where?

Probably soon if we value bollinger bands (I do).

 

[CH1]

I have a a cluster of levels at 44.90...not a lot of room down below....so I agree this is a good spot

 

[Preston]

Man Cathie has gotten fucked up

 

[CH1]

I meant a lot of room down below for DKNG if it doesn't hold here (according to my levels)...so I bought a few 46 calls at 1.16

 

[CH1]

Man Cathie has gotten fucked up

hedge fund superstars rarely have back to back MVP seasons....

 

[Preston]

One trick pony!!!

 

[Preston]

I meant a lot of room down below for DKNG if it doesn't hold here (according to my levels)...so I bought a few 46 calls at 1.16

I'm not playing it but I love the chart. Might take a flyer if it flushes to new lows. This kinda play is my style.

 

[CH1]

One trick pony!!!

set for life!

 

[Preston]

In @ 44.60. Will add more above 44, but if that breaks all bets are off. Big support level there.

 

[Preston]

In any event, the bounce will come soon, even if she flushes below 44. The risk is we don't know how aggressive the flush would be.

 

[CH1]

honestly, the entire market looks poised to flush.. Nasdaq buyers need to show up soon

 

[LeafOfFaith]

This has been so ugly. Depressing.

 

[Preston]

Thar goes Donkey, Bounce was always going to come, even if it's just a precursor to a flush. Needed to pump a bit first. I trimmed half of the oversized position at 46.13.

Stop loss has moved up a pretty good amount. Worst case I did quite well. Best case this continues to boom.

 

[CH1]

This has been so ugly. Depressing.

It sucks....but I think we all expected it deep down....

last year's bull move (post covid crash) was epic...similar moves (there's not many of them tbh) in the past were followed by a year of indecision/choppiness

 

[LeafOfFaith]

Yeah I think I said in January I expect a volatile up and down year that by next January sees the dust settle with the market flat year over year. Or at least the stuff I hold. But it’s still shitty to have to go through it.

 

[Preston]

We had a nice discussion about this earlier this year! But man, the overall market still continues to pump. Nasdaq is struggling to make a higher high but everything else looks great.

 

[CH1]

I meant a lot of room down below for DKNG if it doesn't hold here (according to my levels)...so I bought a few 46 calls at 1.16

sold most calls at 1.75

 

[CH1]

We had a nice discussion about this earlier this year! But man, the overall market still continues to pump. Nasdaq is struggling to make a higher high but everything else looks great.

If you bought banks, industrials, homebuilders, YOU ARE KILLING IT...but those names didn't enjoy epic rallies last year

 

[Preston]

If you bought banks, industrials, homebuilders, YOU ARE KILLING IT...but those names didn't enjoy epic rallies last year

The rotation is quite clear and obvious! Good to see everyone get rewarded tho. The folks who held boring names deserved some loving after lagging last year.

 

[CH1]

The folks who held boring names deserved some loving after lagging last year.

no