
Well, that round-trip today was fun. And closed above 130. Not too bad.
Cheers!

Cheers!
God created BABA to train the faithful. -Frank Herbert, probably
Yah Hya Chouhda!
Like, why would they trust a prurient body part to judge people and shit?
I’ve been watching SPXC after seeing it drop from around $225 to the $120 range.
A nearly 50% decline always gets my attention, but I also know a stock being down a lot doesn’t automatically make it cheap.
The question I’m asking is: has the market overreacted, or is there something fundamentally broken?
At these levels, expectations are already much lower. If the business can stabilize, even a small improvement in sentiment could create a meaningful recovery.
From the chart, I wouldn’t say the bottom is confirmed yet. The stock is still in a downtrend, so I’m not trying to catch a falling knife. I’d like to see some consolidation around this area and signs that sellers are losing control.
What interests me is the risk/reward. Buying near $120 is a very different setup compared to chasing it near $200+.
Of course, there are risks:
earnings could disappoint
margins could stay under pressure
the downtrend could continue
But after such a large pullback, I think it’s worth keeping on the watchlist.
Not saying this is the bottom or a guaranteed winner. Just curious what others think.
Is SPXC becoming a value opportunity, or is the market correctly pricing in future problems?
Yeah I think Ill stick with my “Liberal” denomination even if I don’t agree with everything they believe/teach over whatever this is 😬
Where is the bottom? 80? 60?
Straight from Putin's wishlist. Greatly enfeeble US intelligence.
Lol so hard that CNBC posits this brain fart as "breaking news."
He said the same nonsense earlier this week.
Anything to pump down oil and pump up stonks.
This ought to put bond markets at ease, right?
Guys, we just need to think about inflation differently and accept our Treasuries will be inflated away. Warsh will be happy then.
It didn't even flinch when I got close.