Favorite team:South Carolina 
Location:The Peninsula
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Number of Posts:20638
Registered on:5/26/2012
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re: FED tomorrow - JimMorrison
[quote]if the Fed does ease up I believe we will be up at least 25% this year(S&P) even with a recession. We either retest October lows soon or straight line to 4300.[/quote] IF they eased now, it would be incredibly bearish for them to accept high inflation and further hurt consumer spending, bu...
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re: Penny stocks with the most upside? - JimMorrison
[quote]And so the cycle begins anew.[/quote] We're back, baby. New bull market, LFG!! :Nana:...
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re: US economy slowed but still grew at 2.9% rate last quarter. - JimMorrison
[quote]looking more and more like the FED might pull off the soft landing.[/quote] The Fed has stated the terminal rate to reach 5% this year and there won't be any rate cuts in 2023. Meanwhile, the bond market is pricing in the FFR to only reach 4.8% and rate cuts to begin Nov 2023. So w...
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re: Options Trading Thread - JimMorrison
[quote]the retraction in the VIX suggests trader complacency, if not “hopium”[/quote] It's playing out well so far. I will say that if VIX settles down in the 16-18 range this year, S&P will break the notorious downtrend line causing lots of traders/investors to pile in long. Meanwhile, S&P i...
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re: Pulled the trigger on AMZN - JimMorrison
[quote]may well go down further, but in time I don't think I will regret it @ $83.05[/quote] Would be a good time to set a stop loss on your quick gain. AMZN is caught up in a countertrend rally in consumer discretionary. It's a nice pump so these discretionary stocks can get rekt in coming e...
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re: Options Trading Thread - JimMorrison
[quote]seeing the VIX barely above 18 gives me pause[/quote] I think we're heading into a long period (weeks to months) of muted volatility, which supports my best case view that the major indexes will be in a sideways range this year. Theta finna eat. Go on and take those higher deltas. :Lol...
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re: Give me your Stock Pick to double your money in 2023 - JimMorrison
If you like leveraged ETFs, you should add LABU to your list. At $8.xx now, potential to run 100% easy this year. Coming off this rate hiking cycle, biotech will run ahead other sectors. Keep watch on XBI/LABU....
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re: 2023 stock picking challenge thread - JimMorrison
[quote]Medical/Heathcare related is overbought. I'm not buying anything in this sector until prices come down. It may take a while but i can wait.[/quote] I'm not bearish on the entire healthcare sector (for instance, I like ABT to do well in 2023), but you're right that a lot of stocks are overv...
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re: 2023 stock picking challenge thread - JimMorrison
[quote]GeneralLee[/quote] Are you compiling all picks into a watchlist? Will be easy to track return %. I put two picks in my post for fun, but my main pick is HLX. ...
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re: 2023 stock picking challenge thread - JimMorrison
Bull: HLX, $7.38 Bear: UNH, $530. This needs a 25% haircut to $400. ...
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re: 2022 is the worst year ever for stocks and bonds since 1871 - JimMorrison
It's been a fun year. What year is the high outlier on bond performance? 1982?...
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re: TSLA at $161, anybody biting? - JimMorrison
TSLA $118 premarket. Looking good!...
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re: The future of the stock market is bleak? Millennials and Generation Z - JimMorrison
[quote]Many of the aforementioned state the following: -Millenials/Gen Z are living with mom and dad; -Millenials/Gen Z cannot afford rent, much less a down payment on a home; -Millenials/Gen Z are saddled with student loan and consumer debt; -Millenials/Gen Z are more interested in their dail...
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re: TSLA at $161, anybody biting? - JimMorrison
[quote]may do a bullish skewed option play in the near term to take advantage of the oversold condition[/quote] I'm thinking the same. The selling pressure should abate soon and will clear the way for a retracement. I'm targeting around $130....
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re: Prominent Tesla investors think Elon’s mismanagement of TWTR is tanking TSLA stock - JimMorrison
These two goobers are ignoring the fact that TSLA has been overvalued for an extremely long time. They had no issue with the pump, but once the stock price starts correcting to reality, they get upset. Classic :lol:...
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re: What would you do in regards to 401k investment strategy based on my situation? - JimMorrison
Post your company's ticker and I can tell you if you should hold ...
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re: So what is your next play? - JimMorrison
[quote]don't think there is a pivot (decreasing in rates) for a couple of years[/quote] Even after yesterday's FOMC statement, the market still is not fully believing the Fed's intentions to not cut rates until 2024. Based on Fed fund futures, the expectation is a rate cut will happen in Nov 2023...
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re: We got a week to figure - JimMorrison
Funny how the stock market prices in mistakes. Oops...
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re: So what is your next play? - JimMorrison
[quote]TSLA under $140[/quote] You'll have your chance soon. Another good trending short. Let's see it down to $130....
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