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Fundamentally GE seems pretty meh. There's better opportunities.
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Jan 17, 2018 14:48
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Let's all put money into BGFV, the thing I bought at 10 dollars and is currently at 6.50. 
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Jan 17, 2018 14:50
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How anyone would have insight into GE, long or short, is beyond me.
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Jan 17, 2018 15:24
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fougera posted:How anyone would have insight into GE, long or short, is beyond me. The bull case is whether you think they will announce something something blockchain in the near future
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Jan 17, 2018 16:28
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Very glad I exited GE yesterday, never touching that loving turd again I don't care what the dividend is
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Jan 17, 2018 16:42
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So what the hell is really going on with GE? Do people just not want washer and dryers anymore?
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Jan 17, 2018 17:10
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$GOON Sell out of $GE and $KATFF both are down about 10%. Sounds like there is consensus. Just looking for a confirmation. Anyone have some earnings plays still? I’ve personally sold out of $TGT and $COP.
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Jan 17, 2018 17:22
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Not great timing on the wrap around advertising on one of Canada's national newspapers this morning. https://twitter.com/CBCStephenQuinn/status/953660110416433152
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Jan 17, 2018 17:50
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Couple new blockchain ETFs today.  Not crypto focused so they might not suck poo poo but the ER is pretty high on both (~70 bps) https://twitter.com/StockTwits/status/953669518236274690
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Jan 17, 2018 18:11
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It’s like F stood up for a couple days and suddenly realized it didn’t have pants on and is desperately trying to get back below the $12 waterline. This is comforting. It’s like they’re back where they belong and I don’t have to worry about short term vs. long term gains and waiting for dividends and whatnot. Good old reliable F.
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Jan 17, 2018 18:28
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fougera posted:How anyone would have insight into GE, long or short, is beyond me. I did some options trading in my paper money account, and both of my GE options picks are eating it  but AMZN 19 JAN 1280 puts did alright.When I buy OTM options, I'm pretty concerned about buying too much to unload. How much should I be buying, relative to the risks and previous volume? Whatever I'd buy in lotto tickets?
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Jan 17, 2018 19:43
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(double post for attachment ...) This is what I put in my thinkorswim paper money for some criticism. I didn't put a lot of thought into these, but that's partially because I have no idea: (Edit: I realized I bought most of these at market open instead of hunting down the mark since I was busy this morning. I'd imagine it'd be a little more even if they were all limit orders.) dougdrums fucked around with this message at 20:11 on Jan 17, 2018 |
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Jan 17, 2018 19:59
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Options you need to calculate the fees for both ends of the trade (also exercise fees in the case of selling) and get the % of the total cost down. For instance, $300 into SPYX could be 1 contract at say $11 fees each way, but the same $300 into SPY would be 10 contracts and $21. So for that example fees would be 6.8% on the SPYX and 12.3% on SPY so you need moves bigger than that to break even. Exercise fees can be tricky, you could pay the fee multiple times if your sold contracts are exercised by different people so trading those new penny options can be very painful. If you buy short durations expect theta decay to e: check http://www.optionsprofitcalculator.com for a visual of where you need to be by what day for you to be green. Risky Bisquick fucked around with this message at 20:26 on Jan 17, 2018 |
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Jan 17, 2018 20:23
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jvick posted:$GOON I'd give KATFF until end of Q1, at least. The idea is to long cobalt rather than swing trade off price movements. Both their facility and demand for cobalt are ramping up, atm.
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Jan 17, 2018 20:41
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Unless you're buying calls/puts on stocks with huge swings (TSLA, SPX, AMZN), it is rarely worth it short term unless you have insider info. For low volume stocks I always do LEAPS. Also, speaking of options - I bought SPX Feb 16th 2880 at the bottom of yesterdays tumble. Today has been amazing.
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Jan 17, 2018 20:46
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KODK short  I'd close it ASAP before the squeeze gets worsee: short squeeze when bitcoin is circling the drain jfc Risky Bisquick fucked around with this message at 21:23 on Jan 17, 2018 |
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Jan 17, 2018 21:14
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Accretionist posted:I'd give KATFF until end of Q1, at least. The idea is to long cobalt rather than swing trade off price movements. Both their facility and demand for cobalt are ramping up, atm. Fair enough. With the $10 calls shooting up on $KODK, what do you guys think about initiating another short position there?
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Jan 17, 2018 21:34
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Bitcoin is bouncing so beware shorting crypto stocks with actual dollars.
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Jan 17, 2018 21:34
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jvick posted:Fair enough. I'm not exactly sure why the shares are even going up right now. There might be an announcement this week which will cause it to bounce even more. Harry fucked around with this message at 22:08 on Jan 17, 2018 |
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Jan 17, 2018 21:42
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So there’s agreement to cover $KODK tomorrow at market open.
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Jan 17, 2018 22:24
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Just ride out the short I thought we were in at like 8.60
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Jan 17, 2018 23:00
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It's gonna squeeze, but that's just me saying that. If there isn't consensus then ride it. It's fake money, right 
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Jan 17, 2018 23:02
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Buy 1 February 7.50 call @ 2.41 if we need to hedge the short
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Jan 17, 2018 23:23
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Risky Bisquick posted:you could pay the fee multiple times if your sold contracts are exercised by different people so trading those new penny options can be very painful. Risky Bisquick posted:e: check http://www.optionsprofitcalculator.com for a visual of where you need to be by what day for you to be green. Sepist posted:Unless you're buying calls/puts on stocks with huge swings (TSLA, SPX, AMZN), it is rarely worth it short term unless you have insider info. For low volume stocks I always do LEAPS. Also all those options closed at $1,900 on a ~$9,000 account ... I think I should avoid 10% swings that aren't weed stocks ... On that note, I had a theory that the weed market is gonna be more volatile until private investors start converting notes 2-3 years from now. Is this a fair assessment? dougdrums fucked around with this message at 23:41 on Jan 17, 2018 |
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Jan 17, 2018 23:39
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Couldn't help myself and bought SPX calls for Friday at 2800 this afternoon. Up 85% at the moment.
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Jan 18, 2018 00:52
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Harry posted:Couldn't help myself and bought SPX calls for Friday at 2800 this afternoon. Up 85% at the moment. You and me buddy. And DIA March 270
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Jan 18, 2018 01:54
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So let me get this straight; everyone thinks GE is an adverse risk due to various reasons, but let's all pile into marijuana and bitcoin stocks? GE has its problems for sure, but in the general risk spectrum it is much more appeasing compared to the penny stocks and derivatives that are constantly touted in this thread.
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Jan 18, 2018 01:56
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Well, I wouldn't go for US cannibis anything myself until they can figure out what they're doing on the federal level. Would mean more profit for businesses and less anxiety all around if they do.
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Jan 18, 2018 02:13
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Cheesemaster200 posted:So let me get this straight; everyone thinks GE is an adverse risk due to various reasons, but let's all pile into marijuana and bitcoin stocks? I don't think anyone is saying GE is more risky. I just don't think it will go anywhere for a while.
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Jan 18, 2018 02:33
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Cheesemaster200 posted:So let me get this straight; everyone thinks GE is an adverse risk due to various reasons, but let's all pile into marijuana and bitcoin stocks? What I'm trying to say is convert your IRA to 100% TWMJF Syrinxx fucked around with this message at 04:16 on Jan 18, 2018 |
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Jan 18, 2018 04:05
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For you guys doing the goon ETF thing, what software are you using to track your portfolio and what broker are you using to trade (with what fees)? I'm pretty much a passive investor boglehead type but am considering branching out and investing in some select favorites of mine. Options so far mostly seem to be at either $5 or $7 per trade.
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Jan 18, 2018 04:06
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pmchem posted:For you guys doing the goon ETF thing, what software are you using to track your portfolio and what broker are you using to trade (with what fees)? I setup the portfolio on MarketWatch. It’s all paper trading at no fees. It was more for fun to keep track of the trades that people make in the thread. There used to be a lot more “I’m getting into this company and here’s a paragraph of why” in the thread.
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Jan 18, 2018 04:18
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Jamfrost posted:Well, I wouldn't go for US cannibis anything myself until they can figure out what they're doing on the federal level. Would mean more profit for businesses and less anxiety all around if they do. See the thing with this is that now that CA has legalized, CO and WA are raking in shitloads of cash - not to mention employing thousands - I don't see a way for the DOJ to clamp down without seriously pissing off big states with big money. Doesn't seem realistic to me but then again...
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Jan 18, 2018 04:34
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SixPabst posted:See the thing with this is that now that CA has legalized, CO and WA are raking in shitloads of cash - not to mention employing thousands - I don't see a way for the DOJ to clamp down without seriously pissing off big states with big money. Doesn't seem realistic to me but then again... Oregon too! Edit: and DC
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Jan 18, 2018 08:44
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Cheesemaster200 posted:So let me get this straight; everyone thinks GE is an adverse risk due to various reasons, but let's all pile into marijuana and bitcoin stocks? I was mostly annoyed because the goon etf lost money on GE and then the plan was to immediately turn around and short it. Have a plan and then follow it. I don’t really do technical trading myself but for somebody who does going long then short then back again is fine. I’m pretty sure we went in on GE because it was undervalued though. As far as GE specifically goes I don’t think it’s possible to establish a fair value because I don’t think GE management can model their own company. The new core businesses as of the November conference call are their high margin lines — health care, power, and aerospace. They want to get rid of Lighting (light bulbs and consumer lighting) locomotive, and Current (street lamps and industrial lighting). The surprise problems since are in power, insurance, and health care. Meanwhile my understanding is Current and locomotive are having record quarters. Again, they’ve been divesting themselves of their “low margin” businesses for years and their margins keep coming down. And GE Capital is just a black box. Like I’m not saying GE is worth 0 or worth $30 I just don’t think anyone, anywhere including at GE understands the business enough to say. You can technical trade on that if you want (but there’s gotta be better things to technical trade than a Dow component). I don’t think you can trade it on fundamentals at all. I wouldn’t personally touch weed stocks or bitcoin or Nvidia right and try to restrain myself to only buying options to hedge but everybody else ITT is getting rich off all these things so I’m not going to argue with what works.
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Jan 18, 2018 13:00
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Jamfrost posted:Well, I wouldn't go for US cannibis anything myself until they can figure out what they're doing on the federal level. Would mean more profit for businesses and less anxiety all around if they do. Once that uncertainty is wiped away, there will be a ton of investment (and sick gainz) There aren't many thing that are inevitable, legal weed is one of them. SixPabst posted:See the thing with this is that now that CA has legalized, CO and WA are raking in shitloads of cash - not to mention employing thousands - I don't see a way for the DOJ to clamp down without seriously pissing off big states with big money. Doesn't seem realistic to me but then again... They won't. There's too much real money in it now. Look at NJ if you want to see what's going to happen on the national level. After 1980's era Just Say No shitbag Christie was rolled out of office, Phil Murphy introduced legislation to legalize almost immediately. There will be a pushback at the national level once these clowns are out of office. It's too popular and there's too much money in it. In 2 years being anti-weed will be even more political suicide than it is today.
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Jan 18, 2018 13:34
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Maybe if a real war breaks out GE will sky rocket again!
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Jan 18, 2018 14:55
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Tokyo Sex Whale posted:I was mostly annoyed because the goon etf lost money on GE and then the plan was to immediately turn around and short it. Have a plan and then follow it. I don’t really do technical trading myself but for somebody who does going long then short then back again is fine. I’m pretty sure we went in on GE because it was undervalued though. It looks like GE went 'off the rails' this time last year. From briefly reading the internet and financial statements I have no idea what would nudge it off the cliff. It does not sound recoverable without some sort of outside help though. I recall the argument for GE being that it was undervalued for being a relatively necessary company. They rode out 2000 pretty good, but not 2008 it seems.
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Jan 18, 2018 15:10
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Does anyone know what’s happening with IIPR? Their stock is down like 20% in a couple days. They said they’ve issued another 3.8 million shares recently, so obviously share dilution right? What does it say about a company’s financials or management if they dilute with more stock? Trying to figure out if I should hold or sell.
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Jan 18, 2018 16:00
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I should not ALRM is crushing it lately, a stock I recommended recently in this thread. Up 10% in the last week. Earnings are set for Feb 27 FYI. Was thinking of selling my IIPR and putting more into ALRM
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Jan 18, 2018 16:02
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