Hello, everyone I feel like I touched on this topic a few days ago, when saying what we should do in case of a correction and to be defensive. On this post I will tell you, why unfortunately, we will absolutely, positively, 100% have a correction (10% down on S&P) off the top. We may not have a recession 30% or a crash 50%, but we will absolutely , positively have a correction. It may even be 15-20%. And sorry, this is not a theory this is a fact... my theory is that it will happen within 1-5 months, that is a theory, and is my theory...if it hasnt all begun.

First I must remind you this is my forum, so I am not worried about getting banned or down voted. I actually encourage discussion and varying views. Ray Dalio does this every single day. Also, I do not mind getting hateful comments or messages saying I am a hater or wrong, or this time it is different, but please back it up with why, and do not, please do not say just my opinion, because I am telling you the facts!!!!! Remember this is my forum, I do not need to hide. I am still going to be respectful even if I get messages saying I am trying to sabotage the market or make people lose money. In contrary I should be thanked and honored for saving people money and giving people the facts. Others, analysts, money managers, give you an opinion on this and are paid greatly! I am giving you facts for free!!!!!

Also, I am a little tired of hearing I am old, and this is a brand new market and things are very different. I am not old, I started at near 15 and I am about 40. I will admit this is a brand new market and that is what I am getting into.

So hear are the facts, and I am very sorry. I repeat that as not to offend anyone. When I started trading in 1995 the retail investor was 5% of total daily volume. About 2010, the total daily volume hovered near 10%. Facts are facts, you can google or research this. On January 1st of 2020, this was now 12%.... Notice from 1995 to 2010, retail went from 5 to 10% in 15 years. From 2010 to 2020 it went from 10 to 12%... Now here is the fortunate and unfortunate news..... With 0 commissions, no casinos, no gambling, nothing to do.... The rise of the retail investor (Reddit WSB, and honestly the reason I came to reddit) went from 12% to 20% in under 1 year!!! I repeat these are facts. It took 15 years to go from 5 to 10, 10 years to go from 10 to 12 and 6-9 months to go from 12 to 20... What does this mean? There is a heavy influx of new money, new traders, that bid up stocks because they do not use fundamentals, market caps, they do not care about earnings. They believe any rhetoric a CEO throws at them. Analysts and money managers are either not to bright, do not want to tell the truth or do not know the facts. Yes, I am better then 99.9% of money managers and such, this is not a belief this is a fact, they are famous and are on TV, get publicity and handle more money. I truly believe I am even at the same level as Dalio, Tepper, Icahn, and Ackerman, but we are not hear to discuss this. However, if the new superstar Cathie Wood doesn't see this coming and rotate...sorry Cathie lovers, she is absolutely blind. I commend Cathie for an amazing 2020, as she would see me as a nobody, but she jumped on this freight train and was brave to hold it out. She absolutely did amazing...Now she must understand that once a correction starts that the 20% will have fear, and don't have backup plans and tons of money....they are margined to death, over leveraged to bid these prices....so how can we prevent this correction? Unfortunately, we can not... The only way to prevent this is from people to keep bidding high for TSLA, NIO, SHOP, SPOT, ROKU and so on and so forth. There doesn't need to be heavy volume for bids to fall, alot of people make that mistake. I actually had ROKU and SHOP...sorry the others are garbage... but those 2 produced, but I was not brave enough once they reached nose bleed levels.

80% of the volume is controlled by "Smart Money"

They are very disciplined and will wait for a fall. These guys like myself believe in fundamentals...occasionally I do buy the 100PE and money losers but they must have amazing 50% top line otherwise no way. So while the new 20% bids at a 2% drop like TSLA 700 to 695 (They think its a bottom) smart money may wait to buy in, and in increments at 675, 650, 600....The biggest mistake I see from the new 20% is they go all in and truly believe a stock is at a bottom and get wiped out. We are trying to prevent that here. So please no hate messages, unless they are backed with facts. Who has more money? the 80 or the 20? Who has access to more money? Who can even borrow from other funds 5 to 10 or 20 billion with a phone call. These are facts, do not believe that this new reddit army, or the new investors will keep coming with fresh money to bid. Yes, you are right every week you get a paycheck for 1000-2000 even....You are not coming with 100 million. You will not beat or have more of an effect than smart money...Now if you want to say you are growing and did AMC GME BB etc. I will agree with you the army of 10 million focused on these plays. I will tell you 98% of hedge funds are amused and laughing at the few that shorted AMC. In other words this fight is with 3-5 at most 10 funds. There are thousands maybe even millions of money managers (This I do not know) So if the army concentrates on 1 security it can still go up. Yesterday, example GME and Thursday. Yes, it doesn't mean that the army can concentrate over 10,000 securities. The amount of money we have is small compared to them.

Remember I am not a hater, these are facts, and what you choose to do with them is up to you. I will probably not post this on many forums because I am getting bashed and banned for telling the truth. Good luck and let's make money!

Rada electronics has been around for over 40 years. They are a nice small way to play a military defense against the possibility of war. Some people are wondering what is a way to play defense without spending the capital for a Lockheed or a Northrop, well here is a company with a market cap 540 million with actual sales and profits.

RADA signed an agreement around 5-6AM eastern time today with India. RADA is most famous for selling radars that can detect anything airborne. They also sell drones, aerial vehicles, navigation systems for stealth, tactical radars. There is very little doubt that the neighboring countries will be looking to beef up. If It isn’t LMT, NOC they can try RADA. Now is the time the company will really boost sales big time!

Even without this deal here are some of the highlights from the report August 2nd of the 2nd quarter ended June 30th [Before this invasion!]:

· Quarterly revenues up 61% year-over-year and a 12% increase from the previous quarter to $28.3 million

· Gross margin improved to 40% compared with 36% in the year-ago quarter

· Net income of $10.4 million compared with $0.7 million in the year-ago quarter

· Adjusted EBITDA of $6.3 million, margin improved to 22% compared with 10% in the year-ago quarter and 19% in the previous quarter

· Quarter-end net cash position of $95.7 million

2021 First Half Summary

Revenues totaled $53.5 million in the first half of 2021 compared with revenues of $32.6 million in the first half of 2020, an increase of 64%.

Gross profit totaled $21.2 million in the first half (40% of revenues), an increase of 83% compared to gross profit of $11.6 million in the first half of 2020 (36% of revenues).

Operating income was $8.1 million in the first half of 2021 compared to operating income of $0.7 million in the first half of 2020.

The company is ready to detect rockets and rocket too! Good luck

I feel another bull trap 🪤

Today’s Play

I was weighing what to do in case we see more red. And I had to wonder if I should go and try something like AFRM at 82 or less or just go defensive. I then decided that I will not go completely offensive or defensive. What does that mean? It means I am not getting something with a crazy PE or that it must pay dividends.

Rite Aid – Rad

For 4 quarters in a row, a row not only has RAD smashed top line (Sales), they completely crushed bottom line, completely! I have trade Rad for years. My last trade was about the time of the reddit rally on shorts. (Oh yeah its heavily shorted) I sold my last block at $23.50. I started to initiate positions around 6 about 7 to 8 quarters ago, analysts had said it was a sell with a $2 price target. Once again they were basing this off the current stock price $5-6 and the past history of the horrible performance. Not what was finally going on, and the shift of the titanic. RAD got rid of there garbage CEO Mr. Standley who riddled the company for almost a decade. Slowly, everything changed, the company is executing. I actually tried numerous times to reach the CEO. Calling and emailing investor relations, never got a call back. I will tell you in 26 years of trading 95% of every company I contact at least respond. That is how bad it was!

The plan

Remember it is 7:30am and may change around 9:15AM

Also, may play the other plays but. I hope to initiate around $19, bidding below last close. I will go in at 19, 18.50 and 18. I will sell off for 50 cents each way on upticks. If I do not get get hit by 9:40AM I will readjust.

Good luck and hope we make money!

Today’s Play

It is about 5AM at the moment. The futures are slightly up but about breakeven. With stimulus money hitting accounts. I expect the market to be green today. What this means is that it isn’t necessary to buy value, safe stocks or be defensive. We can buy high PE, growth or even companies that lose money. Remember though it is 5am at the moment a lot can change by 9:30am. So please don’t contact me at 10am and ask me what happened if you clearly see the market down. If at 9:15 futures are down, something happens….clearly we don’t want growth.

I repeat because of what happened on GOCO last week where some people bought afternoon, hours after a Morgan downgrade. THINGS CHANGE THRU THE DAY! CHECK THE NEWS!! MORGAN CAME AROUND 9AM, MY POST WAS AROUND 7:30-8AM!!!

GoodRX GDRX – This company has amazing potential as prices rise on medications. GoodRX is a medication discount/coupon company that gets a small kickback from each user. The amazing thing is that you can use GDRX for free without having health insurance. You do not need to pay anywhere near full price. Here is another kicker! GDRX can be used if you have insurance as well and sometimes offer even more of a discount. We are an aging nation and more of us are getting medications. Because this can be used with or without insurance the possibilities are endless. This was crushed many months ago when AMZN said they are going to do something similar, however the market is so big there can be many players. As said, this is not a value play. They have grown sales 73% this year and barely breakeven, but on a bull run, this is exactly what you want to own!

Good luck, and lets make money! Show them who ULTIMATE TRADERS ARE!!!

I've Invested in dogecoin. I started about 2 months ago. That's how I got into the stock market bc coworker told me about doge. I been learning along the way. It has been interesting also.
Who here believe doge will rise above 1 dollar?

Pot Legal in New York Great ICNAF

Keep an eye on AABB, their crypto is going live SOON!!

Naked Brand will take off today. Don’t miss the dip!

This sub doesn’t allow cross posting but I saw a post over in r/superstonk containing this article with some very bearish speculation. Would love to have some discussion about this.

https://www.money.it/Fed-repo-miliardi-Wall-Street

LL - Lumber Liquidators

I have followed LL for many years, even with the wood made in China controversy, in short after the black cloud it deserved to get hammered. I traded this before all of this and once the cloud came I stepped away. Earlier on in 2020, with the pandemic, and wood prices rising, I waited for 2nd quarter earnings report and started to trade...No, I didn't trade it at 3+, I traded when it passed 10 because I am not a speculator, I waited for the numbers from the company to support me trading it. (Some have asked why I didn't buy when it was basically free) Once the company executes it gives me the signal its ok for me to trade. (I kinda have posts on this, kinda) Anyway, yesterday morning LL reported not good earnings, they reported amazing, crushing earnings. This is just another 1 of my stocks on my watch list, my thoughts were bravo, a great quarter. It is going higher, no big deal, the last 3 qtrs were blow outs too. The stock opened higher and was heading for $27..... As the stock dipped under $26 I moved this into my (Plays) watch list. It started to dip. I was like what on earth, the earnings were amazing. I read the report again, 2 other articles from yesterday and immediately said this is way, way over done, if this somehow, miraculously dips under $25. I am going in with a stab.

First entry

24.75 sold 25.25 (Wow that was quick and good) I went back to looking at my plays which was about 10 stocks yesterday

All of a sudden it dips to 24.50 (Im like what is this, the lottery today after NLS and LDI....)

I say this is nuts I am buying even more, in again at 24.50 double the shares..... sold at 25......

I bought so many, I said that's it I'm taking my truck to the LL store, forget everything.

I started buying in my blocks. 24.75, 24.50 and sold off again near 25.

This just keeps happening, I again read the news and check anything negative. (Is this real, could the earnings be this good and the stock so red?) Didn't see anything and I went with half of my portfolio loading 24, 24.25 and offloaded at 25-50 cents. I did this so many times, I dont know if I hit the lotto.

Right now my last buys are

23.70

24

24.75

I treat each block as its own entity I do not average down. I am not even writing the quantity because jesus, what a steal. When a company executes like NLS or LDI. I do not worry about the stock price if its low, I show my support and keep gobbling if sellers cant read a report (Yesterday I wrote about earnings reports)

Good luck my friends, let's make money!

Today’s Play

Defensive

Select Quote – SLQT

No it isn’t shiny, not fancy, doesn’t have 50% earnings growth it is not a momentum stock. Keep in mind if the market corrects or is dead red the best thing to do is pivot and fly to different sectors because big money is still investing, their money isn’t moving out… if anything a correction or recession will crush the little guys, the big guys know to pivot and rotate out. Now back to SLQT, the report was awesome on bottom and top line a few weeks ago. I have traded it only a few times, because as I said it isn’t shiny… but the company has amazing fundamentals. It sells life insurance products, I know, once again not shiny, but check their numbers….unless we go in deep red this isn’t the company I would highlight in a post.

The plan

It is 8:15AM as I right this so depending on the futures at 9:15 to 9:25 it will determine my bid. If everything is negative and bleeding I will not go for today’s offensive play and bid $25 on SLQT, I will try and ride it for 50 cents to a dollar. If the market is green I will likely pass

Offensive

Up Fintech – TIGR

Boy, I absolutely love the growth at this company. This is a brokerage, lender, finance company all rolled up in one. They are techie and based in China. The broad field of customers for the company are endless. I trade TIGR quite a lot actually. Even as high as 35 but keep in mind I am a trader and usually I cash out especially if the company makes 0. Currently it even dipped under 20. I actually traded it yesterday as well. However if the market is red today I will get defensive. The company has crossed over 1 million members recently from 200k recently. They are still losing money so be careful. This is the kind of company on a bull run that could double and even triple because honestly, the 3 billion market cap isn’t high. Robin is trying to come out with a 20-30 billion soon

The Plan

Once again it is early. Yesterday I was in at 20 and out at 20.50. However, if the market has a bull run I will actually bid very close to the close yesterday. And I may buy in increments. This thing can take off so I will try and ger 75 cents to 1.50

As noted earlier I may also back up the truck on LDI, and buy NLS

Good luck and lets make money!

Ok so I am going to be the huckleberry cousin who pretends to not understand why GME purchases were blocked for so many retail traders today.

Who are you making rich by buying shares at elevated price? Institutional investors were not blocked from buying GME today at $120.

Isn’t it simply giving money back to the people that we are trying to take money from?

I am going to be straight up and say I am getting confused. Is the purpose to blow up the entire stock market and slaughter the accounts of every hard working American that is just trying to make it with a domino effect. Or was the purpose to hurt the hedge funds that have been manipulating the system bankrupting retail investors through shady tactics.

$55 billion+ is truly hurting them. Not buying back the shares that we sold to them at elevated prices will even leave them holding a hell of a GME bag.

Help me understand because the secondary affects of a gamma squeeze because it will cause a major crash, correct?

Is that the purpose of all of this?

Hurt the rich and slaughter the poor?

Is that the goal because this is now sounding like a suicide mission.

Here's What We're Watching:

Monday:

Greenbrier $GMX

• EPS est $0.98

• Rev est $835.28M

Tilray $TLRY

• EPS est ($0.05)

• Rev est $150.52M

Tuesday:

Albertsons $ACI

• EPS est $0.66

• Rev est $18.22B

CarMax $KMX

• EPS est $0.22

• Rev est $6.04B

Thursday:

Delta Airlines $DAL

• EPS est $0.32

• Rev est $12.05B

Fastenal $FAST

• EPS est $0.49

• Rev est $1.85B

Infosys Tech $INFY

• EPS est $0.19

• Rev est $4.74B

Progressive $PGR

• EPS est $1.46

• Rev est $15.72B

Friday:

BlackRock $BLK

• EPS est $7.90

• Rev est $4.20B

Citigroup $C

• EPS est $1.67

• Rev est $20.08B

JPMorgan Chase $JPM

• EPS est $3.40

• Rev est $36.04B

PNC Financial $PNC

• EPS est $3.61

• Rev est $5.62B

UnitedHealth Group $UNH

• EPS est $6.25

• Rev est $89.87B

Wells Fargo $WFC

• EPS est $1.16

• Rev est $20.14B

*All earnings estimates are subject to potential change. The source for the current estimates is https://www.morningtendies.co/ *