The Rokslide Stock Traders Thread

[Beendare]

The same guy who successfully shorted the US housing market has now shorted the major AI players to the tune of 1 billion dollars in anticipation of a AI bubble.

Michael Burry, who was depicted by Christian Bale in the film The Big Short, has gambled $1.1bn (£840m) on falls in shares of chipmaker Nvidia and software company Palantir.

Assuming thats true....and who really knows.....it used to be that when the word got out on that many followed along and the stock tanked. Now, it's just as likely for the Reddit crowd to drive the thing up just despite him.

PLTR is in major nosebleed territory...I mean like crazy nosebleed. It will be hard for them to ever earn enough to grow into their valuation. I wouldn't short it....but I would not be owning it here.

 

[Crowmangler]

reading that as many as a dozen or so Dems are now ready to agree to open the gov't ... which should mean a shit ton of $$ being pumped into the economy which should have the market ripping tomorrow?

 

[MountainTracker]

reading that as many as a dozen or so Dems are now ready to agree to open the gov't ... which should mean a shit ton of $$ being pumped into the economy which should have the market ripping tomorrow?

Yep there was talk we probably wouldn’t see movement on opening up until Wednesday night or Thursday, if true, I would think the markets will pump.


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[LFC911]

Just bought $2800 of PLTR and about the same in CRWV

 

[bow_dozer]

Anybody in IREN or CIFR having a good day?

 

[HuntHarder]

I own a good amount of IREN. It's been one of the bright spots in a rather dim portfolio over the last 3 weeks.

 

[fmyth]

Anybody in IREN or CIFR having a good day?

Yes I'm up 311% on my IREN shares. It's been a long hold with many months in the red. Hopefully my MSTR does the same in the coming year.

 

[DiabeticKripple]

Just put in a limit order to buy 17 shares of PLTR at $180

looks like it filled this morning. Yikes. i put a stop on a bit lower, maybe mine will fill today too. Ill still be up around 15% with only 2 months holding

 

[Pharmseller]

Not a good week for me!

 

[BeaverHunter]

Just bought $2800 of PLTR and about the same in CRWV

some of these high flyers from the last couple years appear to be giving up some of their gains

 

[NDGuy]

RIP early bulls

 

[safarihunter]

some of these high flyers from the last couple years appear to be giving up some of their gains

Is it the start of the bubble popping, or will the market continue to do strange things and rally again? That's the question.

 

[BeaverHunter]

Is it the start of the bubble popping, or will the market continue to do strange things and rally again? That's the question.

I personally think it’s the beginning of a bubble popping somewhat. But I admit I can be prone to see the potential downside of things.

But when our country is going into debt by about 1 trillion every 10 weeks and no one seems to care, I get concerned. Good reminder to stay somewhat diversified.

 

[safarihunter]

I personally think it’s the beginning of a bubble popping somewhat. But I admit I can be prone to see the potential downside of things.

But when our country is going into debt by about 1 trillion every 10 weeks and no one seems to care, I get concerned. Good reminder to stay somewhat diversified.

I'm not so much worried about the budget deficit side of things. Not sure how much bearing that actually has on the market (other than if the debt rating gets downgraded, but I don't understand a lot about those things).

It's more the concentration of the market in everything AI and datacenter related, the circular funding of those things, and the fact that nothing AI related actually makes a profit (yet). Granted, the bigger companies that are involved (Meta, Google, Apple, Tesla, Microsoft) make money, but the AI portion doesn't. And there are plenty of AI related companies that don't have the crazy cash flow of the giants. And the rest of the economy is realistically in a recession (just being masked by the tech companies).

What I've been reading and hearing on podcasts makes it seem like we've built a really tall house of cards, and we're just waiting for that little bit of wind or bump of the table to take the whole thing down.

 

[Blacktocomm]

Not a good week for me!

Same - just earlier this week I was telling my wife we should put a stop on Meta and a couple other tech stocks.

I never got around to putting them on and it has been an ugly week for us.

Especially because I was going to take some of the gains and buy an old M3. Guess my dreams will continue to be dreams.

 

[MountainTracker]

Not a good week for me!

Yeah hasn’t been good, shut down isn’t helping, liquidity seems to be drying up from what I’ve been reading.

It will be interesting to see what is ruled on for the tariffs.


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[Pharmseller]

Same - just earlier this week I was telling my wife we should put a stop on Meta and a couple other tech stocks.

I never got around to putting them on and it has been an ugly week for us.

Especially because I was going to take some of the gains and buy an old M3. Guess my dreams will continue to be dreams.

It’s just a delay. Give it a month or two.

 

[Poser]

October job data in: Most amount of single month layoffs in 22 years: 153,074 layoffs.

 

[BBob]

Same - just earlier this week I was telling my wife we should put a stop on Meta and a couple other tech stocks.

I've been adding the last couple of days. It's on the floor of some support at the moment and looks to be turning. We shall see.

 

[Bullzeyez61]

I got some more mstr at the 238 support. Only 4 shares. Will see if it breaks through lower I think it will then I will add some more.