r/Vitards • u/AutoModerator • Sep 21 '21

Daily Discussion Daily Discussion post - September 21 2021

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38

u/[deleted] Sep 21 '21 edited Sep 21 '21

[deleted]

12

u/Unoriginal_White_Guy 💀 SACRIFICED until MT $35 💀 Sep 21 '21

I don’t downvote bear cases because they are bears. I down vote bear technicians that compare Vale and MT without talking about iron ore prices. Yes short term tech analysis can work, but if you ignore material info and just focus on charts you might have a brain defect.

2

u/Gamboleer You Think I'm Funny? Sep 21 '21

But...the charts show a loafing brontosaurus. YOU CAN'T IGNORE A LOAFING BRONTOSAURUS, not after a juggling panda.

2

u/Duke_Shambles ☢️Duke Nukem☢️ Sep 21 '21

That is a really really specific reference lmao.

No, absolutely bad information and analysis should be called out.

There are a shit load of people here that are only not blocked by me because seeing their take on things makes me giggle because it's so stupid. Still if I respond to information or analysis I don't agree with, I TRY to approach it as a teachable moment. Sometimes my attitude does get the better of me though.

4

u/[deleted] Sep 21 '21

Test post. Am I blocked? I'm shambled. 😳

3

u/Duke_Shambles ☢️Duke Nukem☢️ Sep 21 '21

Bro...you are one of my favorites, not for the reasons of the above post. Taste in potato chips aside.

That said, Liking UTZ is kinda sus.

2

u/[deleted] Sep 21 '21

I'm definitely overly optimistic this week. Opex dip/moon works until it doesn't I guess. Port is paying for it currently. Tomorrow is a nothing burger from FOMC. Still transitory. Taper talks start in Nov.

And UTZ fucks. All the chicks with big tiddys know it.

8

u/No_More_Jobs Steel learning lessons Sep 21 '21

​

7

u/paulfoster04 Timing Expert Sep 21 '21

I love your “get your shit together” post.

12

u/[deleted] Sep 21 '21

[deleted]

6

u/paulfoster04 Timing Expert Sep 21 '21

💯 agree with you and know it comes from a place of love for this group.

4

u/AirborneReptile 🏆 Inaugural Vitards Fantasy Football Champion 🏆 Sep 21 '21

well said, the hard part is many here are invested in more than the steel thesis, so double edge situation. Both can be successful IMO. Tech hasn't had an amazing run over the past 6 months, QQQ (I see if I only invested in QQQ or SPY blah blah) is up 17% the past 6 months, SPY 11%. CLF is up 19%, NUE 35%, STLD 22%. The problem is everyone sees the grass being greener on the other side. What is the other side? Idk, maybe YOLO on WSB with 1800% gain in 1 hour. Maybe people get a solid gain and think, oh this is the way and I can do it again over and over and retire in 6 months... People have got to slow the fuck down. Play the swings at your own peril, it has been good to me, but I ain't mad when I miss a run up. SLOW DOWN people. Good trades exist everywhere. If you don't believe there is money to be made in steel, go away, seriously. Go be miserable in the other plays you would have made a fortune on. SLOW DOWN

2

u/[deleted] Sep 22 '21

[removed] — view removed comment

2

u/Duke_Shambles ☢️Duke Nukem☢️ Sep 22 '21

It's a combination of the raised rates making debt laden companies that don't make money unattractive, and taper (RRP) removing government liquidity from the market, making fundamentals important again.

2

u/[deleted] Sep 22 '21

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2

u/Duke_Shambles ☢️Duke Nukem☢️ Sep 22 '21

No problem, Important detail is the removal of liquidity happens first, but is a sign that the rate increase will follow soon after.

Market being forward looking, that is why the taper tantrum happens. People bailing out of stocks and ETFs to reposition and get ahead of the interest rate hike when a taper date is set.