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It seems far fetched but the Fibonacci Retrace (from the March 2019 low of 6630) brings it back to the pre-covid high around 10K. Even this seems unlikely. A drop 6000 points from the top = 37% move.

Hey Ken did you ever consider just using the MNQ future? At IB you can get about 13X leverage currently (29K notional value with $2200 upfront margin). 2-3 Contracts of MNQ = 23K -3X ETFs, roughly. In this current downdraft the focal point are the top NASDAQ stocks so it makes sense. There...

SPACs are the subprime of going public. If your company had a compelling business you could have gotten a myriad of small Investment Banks to go public. The fact that these companies couldn't get the smallest banks to take them public means they are not viable and will likely implode like most...

I still don't understand why Bitcoin volatility persists if it has institutional support like I've heard? It seems the slightest bad news tanks Bitcoin anywhere from 5-15%. It doesn't seem to make sense. These kind of moves happen in penny stocks or illiquid commodity related stocks due to the...

The sentiment is incredibly negative but still no panic, yet. I'm still waiting for the panic to happen. If this market closes at the low there is a big chance of panic on Sunday afternoon when the CME opens. It could be a lock-limit down (-5%) scenario. That could be the bottom -- you never know.

For the bloated mid-cap tech stocks SARK & CLDS are good. I'm long ARKK weekly puts as well. CLDS is very illiquid -- current volume is 5K.

CLDS (-2X Cloud) is good for shorting the cloud stocks. Pretty illiquid but I use it. Returns seem similar to SARK.

BTC & ETH down between 10-18%. Coinbase just follows cryptos. When their high margin trading ends they will be in real trouble.

AMZN is just another bloated pig like most of the "safe" large cap tech stocks. Only Google & Facebook are reasonably priced. NFLX 40 times EBITDA AMZN 65 times EBITDA AAPL 25 times EBITDA MSFT 23 times EBITDA FB 16 times EBITDA GOOG 13 times EBITDA Netflix would have to fall another 67% to...

Even today there were sell side analysts saying that the QQQ was a good buy today since it was down 10%. And that was when the QQQ was up 2% before the collapse. And now you got Netflix down 20% after hours. It doesn't look good for tomorrow either.

I think he now refers to money losing companies as "Clown Companies." Ironic since he's always telling people to buy pie in the sky companies. I think he still says to buy Snowflake a company that sells for 83:1 sales to price.

That was scary time. Seemed like every day there would be a rally intraday & it would collapse at EOD. Just like the last few days. The last 2 hours on the NQ really seemed like panic selling. Very few green candlesticks to be seen. I think the difference in 2018 was that Powell used the word...

Originally I thought it was just an ongoing sector rotation but all I see is sellers. Starting to look like December 2018 when the QQQ fell 20% in 23 days from 12/1 to Christmas Eve. I remember because that was the most depressed I ever saw Cramer on CNBC. I also noticed after the Peloton news...

Looks like it is all but over for this POS. Halted for trading and down 16.5%. Maybe management were right to dump this turd at $125. Edit: Now its down 25%. Halted again. The news was that they are stopping production of their product due to fading demand.

Interesting that its been essentially negative since 2003 and there was no blatant inflation (except for Oil) until now. I remember reading depression porn in 2008 (aka ZeroHedge) that intimated Bernanke was going to throw money from Helicopters (hence the derision of Helicopter Ben) to finally...

SARK & ARKK puts still look good. I checked the ARKK Portfolio page on TDA and it states there is no P/E for this fund: Valuation Price/Earnings -- Price/Book 5.19 Price/Sales 11.48 Price/Cash Flow 24.41 Dividend Yield 0 As of 12/30/2021 Will she go down as Mary Meeker 2.0? I noticed that...

Wow. Another scumbag billionaire turned philanthropist. I do appreciate his ability to snow people about "Just Company" BS.

That was a great call.

I think so. That's when Powell said he would raise rates on "autopilot" and then the QQQ dropped 20% from 12/3/18 to 12/24/18. The industrials already rolled over in October.

Looks like even the stalwarts of tech are starting to collapse like CRM & MSFT. Of course they have 40+ P/Es. All that's left is for AAPL to drop. I still don't understand why it went from $150 to $180. It can easily get back to the $150-$160 area. If AAPL does breakdown it will take DIA & SPY...