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Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

Josh Lyman posted:

You sold AMD calls? Why?!

Collecting premium from the trading channel obviously. STC $14 Jan'18 Calls for +50% at market open :snoop: Going to rebuy the same calls next week on the dip or just buy puts

dougdrums posted:

I split it between SH and DOG, which I wouldn't ever hold more then a couple days. That's about the safest short position I could take in the short term, I think. I'm pretty happy staying long in the ... long term. I don't think there's going to be a decline like 2000 or 2008 in the next year or two, if the status quo keeps. I had some money chillin' and was looking to get some chump change in case of a speculative sell-off, which worked ok.

Thinking about it some more, I could've just gone SPY and made the same amount with probably less risk.

AMD/TSLA thing: https://www.reuters.com/article/us-tesla-chips/tesla-working-with-amd-to-develop-chip-for-self-driving-car-cnbc-idUSKCN1BV2YB

Torpor posted:

What the heck happened to AMD? Near as I can tell there was news of a Tesla/AMD team up? I guess we should price AMD like a tech stock :haw: .

AMD/TSLA is unconfirmed, don't expect this rally to last. Think to the INTC/AMD rumour that popped +10% and sold off the next day.

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Josh Lyman
May 24, 2009


AMD/TSLA is dumb as gently caress. Why would you partner with a company that has done NO WORK in AI driving? Why would you use GloFo when their process sucks donkey balls? It would be like Elon Musk doing the exact opposite of what he's done with Tesla so far.

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Maybe to enact better pricing from Nvidia, it's really bizarre. AMD has a 3rd semi-custom SoC design win that has yet to be announced, but was rumoured to be in auto, Lisa Su is on record saying it is a low margin part. Still not sure about TSLA/AMD

dougdrums
Feb 25, 2005
CLIENT REQUESTED ELECTRONIC FUNDING RECEIPT (FUNDS NOW)
iirc AMD owns none of GlobalFounderies anymore and it's majority owned by the UAE, so none of this really makes any sense.

Like, they're a big fab, doesn't mean AMD is on the case.

Also AMD has quite a few custom jobs already ... I don't think adding Tesla would pad that too much.

dougdrums fucked around with this message at 15:08 on Sep 21, 2017

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Mubadala (UAE) runs GloFo. It seems to either be a slip up by the CEO or being misspoken as to who the 3rd SoC win is.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

paternity suitor posted:

If you're making an honest assessment of the US economy you cannot ignore that there is almost $3T with a loving "T" trillion overseas and it's going to get brought back, and it's going to get spent, it's just a matter of when. That is roughly equivalent to five (5) Googles. Imagine the economy suddenly having five new Googles. Companies are sitting on massive piles of money and it's completely unprecedented. No one knows what exactly they're sitting on the money for, but they are. And if they spend it, the economy is going to explode (good explode).

The economy is not capital constrained through. People and firms are not spending because they don't want to spend, not because they can't finance the money.

Any repatriation is likely to go directly back to shareholders or for deleveraging, depending on where interest rates move.

Josh Lyman
May 24, 2009


Cheesemaster200 posted:

The economy is not capital constrained through. People and firms are not spending because they don't want to spend, not because they can't finance the money.

Any repatriation is likely to go directly back to shareholders or for deleveraging, depending on where interest rates move.
Exactly. When Republicans are jerking themselves off to have a repatriation tax holiday, it's not for the reasons they claim.

Tokyo Sex Whale
Oct 9, 2012

"My butt smells like vanilla ice cream"

paternity suitor posted:

I'd compare it to the alternatives (mostly risk free return).

There aren't many options. You can spend it. You can give it away. You can go invest in something with implied risk: stocks bonds real estate, whatever. You can bet against those same risky things. You can sit in cash or a risk free investment like T bills. That's about it.

If you're shorting something you're telling me that it is going down, and if it's going down, someone is selling, and if someone is selling, then they must think there's something better to do with their money. I just don't see what that is though. Risk free investments return poo poo right now. Who is selling their equities to get 1.5%? Bonds are returning poo poo right now. Who is selling equities to buy bonds for 2% return? Earnings are there for equities. Maybe you have to pay more for those earnings than has historically been the case, but that doesn't matter because the risk premium is still good, because the risk free return sucks a dick and bonds suck a butt.

I'm all ears but I've yet to hear a compelling thesis for shorting the market, and it's been like four years of various people saying that a crash is imminent because it's higher today than it was yesterday and something something reasons fiat currency tech bubble.

All market crashes (like, fast ones, not slow declines) are liquidity events. There's a lot of market cap tied up in ETPs, which are kind of by definition more liquid than the underlying assets. That doesn't matter for QQQ or SPY or TLT because the underlying assets are plenty liquid anyway absent Armageddon but it does for volatility or Bitcoin or junk bond or Pet Insurance Companies of the Pacific Northwest ETFs, where if there's a relatively sharp move down people will be trying to exit the ETF and the ETF will be selling the underlying into a decline, which will exacerbate the move down further.

Vol etfs are especially because it's like not even a question that at some point vol will move up hard and the vast majority of VIX futures are traded by the vol etfs so at some point everyone selling vol is going to have to turn around quickly and VIX is going to go way way up but it might secretly be that VIX futures/VXX/XIV and the rest just occupy their own little world now and it wouldn't actually affect stocks or options much at all, or it could be that it drives SPY option prices through the roof and everyone who has a hedged strategy finds out it's impossible to hedge and starts liquidating. Or something else happens. I think probably volatility is its own little world now but I am not smart enough to know.

Those aren't necessarily my views and those aren't reasons why the market would decline, but I think they're sensible reasons why a flash crash is more likely than normal.

crazypeltast52
May 5, 2010



Cheesemaster200 posted:

The economy is not capital constrained through. People and firms are not spending because they don't want to spend, not because they can't finance the money.

Any repatriation is likely to go directly back to shareholders or for deleveraging, depending on where interest rates move.

Also it's not like the money overseas is sitting in bank vaults. Apple owns a pile of corporate debt with their pile of "cash", funding other companies.

fps_bill
Apr 6, 2012

I'm really kicking myself for not dumping my ITUS shares when they were 2.60 yesterday. I'm still in at 1.31 from Monday. Maybe tomorrow.....

Leperflesh
May 17, 2007

crazypeltast52 posted:

Also it's not like the money overseas is sitting in bank vaults. Apple owns a pile of corporate debt with their pile of "cash", funding other companies.

Yeah I wonder what the repatriation of three trillion dollars - if such a thing is even possible - would do to all the countries where it's currently sitting, and by extension, the global economy?

Does anyone know of a decent analysis of this? All the articles I find are about the impact on the dollar or on the US economy.

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
What a wild ride with $AMD today :allears: Sad about not buying puts but I rolled out the covered call and collected yuuuge premium.

code:
Order executed: BTO 5 AMD 2018-Jan-19 14 Call @ 1.20 Limit
Order executed: STC 5 AMD 2018-Jan-19 14 Call @ 1.80 Limit

Order executed: STO 11 AMD 2017-Sep-22 13.50 Call @ 0.07 Limit
Order executed: BTC 11 AMD 2017-Sep-22 13.50 Call @ 0.29 Limit
Order executed: STO 11 AMD 2017-Sep-29 13.50 Call @ 0.47 Limit

fougera
Apr 5, 2009

Leperflesh posted:

Yeah I wonder what the repatriation of three trillion dollars - if such a thing is even possible - would do to all the countries where it's currently sitting, and by extension, the global economy?

Does anyone know of a decent analysis of this? All the articles I find are about the impact on the dollar or on the US economy.

From my vague understanding it will likely strengthen the dollar, which has in the past screwed EM countries with dollar debt. Separately, China could get hurt by the outflow, where they need the yuan to stay strong. In fact recently they have implemented measures to make it hard for multinationals to take out money or working capital, probably for this reason.

Rocks
Dec 30, 2011

I just opened an e trade account and put $1,000 in it. What do I buy

Solice Kirsk
Jun 1, 2004

.
Put it all into the cheapest Greek shipping stock you can find.

Rocks
Dec 30, 2011

Solice Kirsk posted:

Put it all into the cheapest Greek shipping stock you can find.

How about facebook

Solice Kirsk
Jun 1, 2004

.
How abut you tell us what you're hoping to accomplish with your investment so we can give you a little real advice? Is this in the place of gambling? Are you starting this account to begin truly saving and investing? Is this for something specific?

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
How comfortable are you watching stocks go down 30% and not pushing sell?

Elephanthead
Sep 11, 2008


Toilet Rascal

Risky Bisquick posted:

How comfortable are you watching stocks go down 30% and not pushing sell?

How comfortable are you watching stocks go up 30% and not pushing sell?

fougera
Apr 5, 2009
Or how comfortable are you selling at a 30% loss because you realized you were wrong?

Phil Moscowitz
Feb 19, 2007

If blood be the price of admiralty,
Lord God, we ha' paid in full!
Trade options. Nothing like watching your "investment" gradually lose 50% until just before expiry, selling it and then seeing it shoot to 300% the next day. Trust your gut! Lol

Zerstorung
Jun 27, 2008

Rocks posted:

I just opened an e trade account and put $1,000 in it. What do I buy
Sell puts on VIX. There's no way it's going to hold. Just look at the lack of structural integrity of the recent stalagmites.

Zerstorung fucked around with this message at 14:42 on Sep 22, 2017

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

Phil Moscowitz posted:

Trade options. Nothing like watching your "investment" gradually lose 50% until just before expiry, selling it and then seeing it shoot to 300% the next day. Trust your gut! Lol

Holding options trying to maximize the time premium while underwater :discourse:

Phil Moscowitz
Feb 19, 2007

If blood be the price of admiralty,
Lord God, we ha' paid in full!

Risky Bisquick posted:

Holding options trying to maximize the time premium while underwater :discourse:

I recommend it for all new traders, just to get that experience (and the wonderful feelings it brings) under their belt immediately

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
I agree, it's much better when your first options trade isn't a winner

Accretionist
Nov 7, 2012
I BELIEVE IN STUPID CONSPIRACY THEORIES

Rocks posted:

I just opened an e trade account and put $1,000 in it. What do I buy

Find a penny stock you like and ride that poo poo into outer space!

fps_bill
Apr 6, 2012

Accretionist posted:

Find a penny stock you like and ride that poo poo into outer space!

$LODE tomorrow is the day! its going to the moon!!!!!

Phil Moscowitz
Feb 19, 2007

If blood be the price of admiralty,
Lord God, we ha' paid in full!

Risky Bisquick posted:

I agree, it's much better when your first options trade isn't a winner

Kind of like walking into the casino your first time, putting $5 in the slot machine, and popping a $500 jackpot

THIS poo poo IS FUN! Ima quit my day job

Syrinxx
Mar 28, 2002

Death is whimsical today

Rocks posted:

I just opened an e trade account and put $1,000 in it. What do I buy
Hello friend have you heard of the latest craze called Bitcoin

Elephanthead
Sep 11, 2008


Toilet Rascal
Can you even buy bitcoin on ETrade? I am assuming there is some scam EFT but I want 200% returns by lunch.

Solice Kirsk
Jun 1, 2004

.

Elephanthead posted:

Can you even buy bitcoin on ETrade? I am assuming there is some scam EFT but I want 200% returns by lunch.

GBTC, as always, is the solution to any investment problem.

The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost
It doesn't really work with $1k, but with at least $3k, an actual fun way to dip your toes in with low risk and get a taste for poo poo is to wait for a market dip, by a US total market ETF, then wait for it to climb to get up 4%, then sell. With ~$20 commission coming and going, you take home $100.

Might take a week, might take a couple months. Fun part is you don't need to even watch the market every day, just scan headlines, look for freakout MAJOR MARKET SHOCK HOLY poo poo (which is like a 2% drop in current market) for a time to buy, then every time you see a NEW MARKET RECORD HOLY poo poo headline, check the total market fund to see if your target gain percentage has been hit yet. Or just set a sell limit, but I think it's good for someone starting out to need to wrestle with emotions a bit to learn about themselves while their finger hovers over the sell button. You TOLD yourself you'd sell at 4%... But look at that uptrend! :ohdear:

If you get unlucky and do this right at the start of a bear market or sustained slump, you can just mentally shift it out of gambling portfolio and into retirement portfolio, and not give a poo poo about it anymore because hey you needed to buy and hold that poo poo anyway, and it's not going to ever go to zero.

paternity suitor
Aug 2, 2016

That's the longest loving way to say buy low sell high I ever done read

Solice Kirsk
Jun 1, 2004

.
I guess if you wanna join me on penny stock island you can buy like 4000 shares of BCP. Nothing says "I do the stock market!" like a penny share banking security traded on a foreign exchange!

shame on an IGA
Apr 8, 2005

paternity suitor posted:

That's the longest loving way to say buy low sell high I ever done read

And this is a lot of words for


quote:

BTFD

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Try buy high panic sell low

The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost

paternity suitor posted:

That's the longest loving way to say buy low sell high I ever done read

Well the meat is the idea of doing it with a US total market one to keep the risk low and boring, and the mental shift to plonking it into the retirement fund if you have terrible timing, so you don't ever end up losing money on it.

Babby's first trade. No sharp edges.

Syrinxx
Mar 28, 2002

Death is whimsical today

The Butcher posted:

It doesn't really work with $1k, but with at least $3k, an actual fun way to dip your toes in with low risk and get a taste for poo poo is to wait for a market dip, by a US total market ETF, then wait for it to climb to get up 4%, then sell. With ~$20 commission coming and going, you take home $100.
Serious question if you are dipping your toes why would you not use a brokerage that has commissions 500% lower than this or just Robinhood

KaiserKarl
Dec 31, 2006

Rocks posted:

I just opened an e trade account and put $1,000 in it. What do I buy

Move your $1,000 into Robinhood and close your eTrade account. If you're just messing around with that little money go no-commission...

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paternity suitor
Aug 2, 2016

Don't pay 2% of your account in fees for a single trade. That is very bad

I also think you're completely wasting your time with $1k but, follow your heart as they say

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