Boiler Room: The Official Stock Market Discussion

[Saysumthinfunnymike]

The reason for selling off this week has nothing to do with profit taking and valuations, it's because of all the uncertainty around the election. Trump hasn't calmed anything he continues to make shyt worse every time he speaks and there is still no stimulus plan which everyone thought would be a done meal a month ago

 

[the cac mamba]

dont they stop trading if the dow drops by a thousand?

 

[Saysumthinfunnymike]

well this news out of the UK isn't good either. Over 100% increase in new covid cases

 

[K-Deini]

worst investment ever for me

I Lost 2k. Mild in comparison to southwest

 

[K-Deini]

all I got is lca now and 46k in cash. Don't know what I'm gonna do, might just hold

 

[ill]

dont they stop trading if the dow drops by a thousand?

Under market rules, circuit breakers kick in at three thresholds:

• Level 1: A drop of 7% from the prior day's closing price of the S&P 500 triggers a 15-minute trading halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
• Level 2: A drop of 13% triggers a 15-minute halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
• Level 3: A drop of 20% triggers a halt for the rest of the trading day, and trading resumes the following day.

Basically, when the Dow was like 10k, a 1000 point drop would be 10% so that would trigger the breakers. Now that the Dow is almost 30k, a 1000 point drop doesnt hit the 7% threshold so we keep on trading.

 

[Saysumthinfunnymike]

Roku is up based on the deal with Comcast to stream Peacock but my question is when the fukk are they gonna get a deal with HBO?

 

[Saysumthinfunnymike]

GM stock taking a hit with all this NKLA fukkery too. What an embarrassing story

 

[Scholar]

Rona cases increasing across Europe.

Zm calls free money

 

[Serious]

next 6 weeks gonna be a wild ride. we gonna see some serious fukkery. if you aint ready for the storm, just hold your shares and be done with it.

@K-Deini

 

[AlwaysLurkin]

I bought a put on nkla..why is it going back up

 

[Serious]

arkk been pulling out of illumina the past few weeks. Look at that stock now.

 

[Saysumthinfunnymike]

Big tech names just turned green

 

[BEN23]

why isnt this thread not in 6 figure 6 certs

 

[Koapa]

What happen to mrinvestorpro on stockwits? His page is blank.