Reddit Stock Forum

NoFun : Seems not like it for this week

10baggerbamm OP NoFun : all the money is chasing the high velocity stocks all of the big chip stocks that got beat the shit all of the mag 7 so that's where the money is going it's following all the velocity all the movement but don't worry about Reddit because it's a strange duck how it trades it'll sit sit sit and then it'll put five bucks on a day and then three or four the next day that's just how it trades we don't have to worry about earnings they beat the street they guided higher it will have its day in the near future.

NoFun 10baggerbamm OP : Hmm thats true. I have put some money for the options on this stock this week instead of ASTS. Had a huge regret

10baggerbamm OP NoFun : that's the only downside to call options you've got to be right about the movement too the stock can move but if it's after the contract expire it's a kick in the ass and I've done it.

10baggerbamm OP : well that's an enormous sale I just saw a 334,000 share sell so evidently there is still some institution that has some stock that they're trying to cross and get out of. that big block did not hit the bed it would have taken it down $2 $3 so they're working an order to sell with a market maker and when they finish the sale then they post the print and that's what we just saw. so you had an influx of buyers nibbling this morning that ate up there block that they were selling they posted the buys as they happened real time and then they posted the one price print that the averaged out on the sell. the good news is they're not hitting bids they're letting a market maker work the order for them so it is not causing a downward pressure in the stock

151684498 : what should i set my limit order amount?

10baggerbamm OP 151684498 : well you need to either go in before 8:30 or after if the economic data is favorable the stock will be up a buck buck 50 more pre-market at 9:30 so you need to make a commitment and just buy it here or bad economic data it'll be down to 50 and a half to $51 so you got a crap shoot you got your dollar dollar 50 downside upside right here based off of this economic data that's your choice which you want to do but I believe we get a month from the today I think you're going to be looking at close to 60 bucks. so if the economic date is favorable it'll be up a buck 50 or so at 9:30 if the economic data is bad it'll be down a dollar to a dollar fifty that's just what's going to happen and you got to decide what you want to do with that potential short-term swing

151684498 10baggerbamm OP : thanks, thoughts on block sq?

10baggerbamm OP 151684498 : I know of it I don't follow it actively I have no opinion

151684498 10baggerbamm OP : 52.39 hopefully it gets filled

10baggerbamm : that's a pretty good observation my question to you is why do you think it is so high today because the drop today is not crazy it dropped it rallied back and now is drifting  lower. so where do you think all this volume is coming from and why?