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Josh Lyman posted:There are no July 2020 leaps for MU #fakenews Can't tell if that's sarcasm but this is a July 2018 option
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Jun 6, 2018 15:06
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hostile apostle posted:From r/WSB Whoever sold him these just collected a bunch of free premium
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Jun 6, 2018 15:10
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I would feel bad having stepped in front of the AMD train except there’s no possible way it’s a buy at
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Jun 6, 2018 15:22
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SharkTattoos posted:I would feel bad having stepped in front of the AMD train except there’s no possible way it’s a buy at I think you should be looking at forward P/E given they are ramping revenue. That said I'm sitting out because I am terrified of stepping back in and getting burned.
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Jun 6, 2018 15:25
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Crack posted:Is it worth buying some weed stocks before tomorrow? I was thinking of buying CGC but maybe it's too late? There's already been a run up before tomorrow's vote. Maybe it spikes further, but now it seems like more of a test of your long-term faith in Canopy.
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Jun 6, 2018 15:26
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I bought AMD puts on Monday and it was cool for a day, but I'm pretty long otherwise so it's not a worry. As for CGC, I have a bunch of shares in OGRMF and SPRWF. I'd buy more SPRWF maybe if I was looking to be more weed heavy, but I think enough slack has been picked up that it would not be worth the possible downside to buy in now.
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Jun 6, 2018 15:46
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I still want a long term play as the world seems to be moving in a similar direction to Canada, but yeah the timing is probably not the best now. "Buy the rumor, sell the news" and so on.
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Jun 6, 2018 16:17
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2/4 on SPY scalps for a +8.2% day on the account. 
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Jun 6, 2018 16:25
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Amd $16 June 15th.
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Jun 6, 2018 17:52
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I’m watching SBS, FSLR, and TERP for entry points. SBS is dropping because of a forecasted drought in São Paulo. FSLR is dropping because of a change in subsidies by China. TERP isn’t doing anything right now, but since it’s tied to solar I feel like it’ll get some negative pressure due to the China thing.
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Jun 6, 2018 18:44
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CSIQ seems like it might be a better buy than FSLR at these prices, although I haven't dove into it like I was doing previously. It's trading at a decent chunk below book value, and a very attractive EV/EBITDA if you assume they will sell the power plants they're holding on the balance sheet. CEO also made a loose offer to buy it a few months ago for 18.50 a share. The trend for Chinese solar seems to be a go private strategy, because both the valuations seem depressed and the Chinese govt appears to be giving some sort of incentive to Chinese private companies (I don't completely understand the latter).
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Jun 6, 2018 19:09
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Got wrecked holding tslA pits overnight. Long adm at 44
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Jun 6, 2018 19:17
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dougdrums posted:I bought AMD puts on Monday and it was cool for a day, but I'm pretty long otherwise so it's not a worry. AMD is insane overbought right now - RSI is +80 Also bought some 14 7/20 on Monday, might have to double down here.
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Jun 6, 2018 19:54
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I made the mistake of looking at what SPY did for the rest of the day after I got out. I'm usually pretty good about being happy with what I got, no one ever went broke taking profits, etc., but goddamn. I easily could have doubled my account today by just waiting longer to sell.
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Jun 6, 2018 21:00
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YY calls...  Some sucker actually bought them off me for 5 cents... 128 strike expiring Friday, when it was at 110 and dropping. 5 more bucks than would've had.
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Jun 6, 2018 21:32
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Had a good day today, increased my portfolio by 33% off these: BAC $29 8/17 calls: in @ 1.25, out @ 1.72 (bought these last week) SPY $276 6/8 calls: in @ .64, out @ 1.02 (held just under 2 hours) Still holding BRK.B $200 7/20 calls, up about 15% I bought more AMD puts today, 7/20 $14 and $15. THIS HAS TO FALL. hostile apostle posted:AMD is insane overbought right now - RSI is +80 I did. I also doubled down on 5/18 $11 puts that expired worthless, so... Pivotal Lever fucked around with this message at 00:11 on Jun 7, 2018 |
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Jun 7, 2018 00:03
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Sexual Lorax posted:2/4 on SPY scalps for a +8.2% day on the account. If you feel like sharing can you post some more details about these trades, basically how they work and what you're looking for when you do them?
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Jun 7, 2018 14:40
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Semi equipment manufacturers like AMAT and LRCX getting hit because Evercore says memory push outs likely to weigh on near term shippments, BUY MU I don't know how it's not up more on this. Goldman also put out a bullish note https://www.thestreet.com/technology/goldman-sees-micron-beating-earnings-expectations-stock-rises-premarket-14614726
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Jun 7, 2018 14:55
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Pryor on Fire posted:If you feel like sharing can you post some more details about these trades, basically how they work and what you're looking for when you do them? I pick an at the money strike, pick call or put, and let it rip. You can calculate effective leverage by doing this: (share price * delta)/option cost. The 276 calls I did yesterday were 2 days to expiration, .48 delta and cost was .64, so 200x effective leverage when opening. This is insanely risky and I’ve lost 60-80% a couple times, so push out the expiration to decrease leverage, or buy in-the-money options. Theta is very high on close to expiring options so it has to move, and it has to do it quickly. Be careful.
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Jun 7, 2018 15:41
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Pivotal Lever posted:I bought more AMD puts today, 7/20 $14 and $15. THIS HAS TO FALL. It looks like $16 was the magic number!
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Jun 7, 2018 15:55
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dougdrums posted:It looks like $16 was the magic number! 
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Jun 7, 2018 15:57
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I trippled down yesterday on the AMD puts, upped by meager 5 contracts to 15, so far so good - we'll see where this ride goes. Fib retracement has 14.25 area as the first area we might get some support, followed by 13.35.
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Jun 7, 2018 16:12
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AMD please dip, I want to buy into calls bigly
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Jun 7, 2018 16:17
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Bought into today’s LRCX dip.
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Jun 7, 2018 18:16
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Pryor on Fire posted:If you feel like sharing can you post some more details about these trades, basically how they work and what you're looking for when you do them? There's no system beyond trying my best to get out of losers quickly and making sure that the positions I open are small enough that even if I blink and they somehow drop to zero, my account lives on. I almost never hold anything overnight anymore. It's just gut, guided by the magic numbers provided fresh every day by https://www.reddit.com/r/thewallstreet/ :  The only column I care about is the first one, /ES, which is S&P 500 futures. If you already know that SPY is just SPX/10 and minus some tax benefits, pretend I'm not writing this paragraph. /ES is scaled the same as SPX but easy enough to translate. The 0 line of 2772.25 for SPX just means 277.225 for SPY. For entries, if SPY's on the move and close to the 0, +/-0.5, +/-1, etc., I'll wait to see if it pushes through, stalls, or bounces. Also for entries, I don't fight the direction of the move out of the chop--if something's headed down, I don't try to catch the knife with Calls, even if it stalls out sideways. The best I can describe it is trying to get into larger moves after I've confirmed that it's actually moving. Sometimes, that move is just a wider range of chop, and I'll grab something just as it bounces the wrong way. This sucks, but if you're quick enough on the draw and aren't betting the entire goddamned farm, your loss should be small. For exits, I'll usually jump out just before SPY reaches one of those std dev lines to avoid it reversing on me. For the most part, I only avoid making more profit this way, but it seems like enough trading algorithms out there care about these same lines to warrant caution around them. The whole "smol bite" thing is just ghetto risk management. I'm trying for a range of -5% to +10% gain/loss per trade instead of -100% to +moon%. Take today, for example. I went 3/5 on 0-day SPY scalps for +3.7% on the account. If I'd held my last Put, it would have gone in the money, and I would have made a lot more than I did...but I also didn't go negative on it, which is pretty much all I care about. A note on theta: 0-days drop in value so quickly that the underlying really has to move in order to overcome the time decay. If you're holding something that's already gained you a few percent and it looks to be stalling out sideways, just get the gently caress out of it earlier rather than later, before theta eats your lucky guess. Maybe it will take off, and you'll feel like a jackass for getting twitchy and pulling the eject handles before you had to. Take yesterday--I made about 8%. That could have been about 120% if I'd only held longer. It also could have turned into -30%, so I have to be happy about my locked in profit and move on. I catch myself wishing for a trading interface that translates every price displayed into a live percent of my account value. I try really hard to think in terms of account percent to avoid the psychological side of "this is a lot of money for me". If my luck continues, which I know full well it probably won't, my smol bites are going to start getting into sizes that are big enough to gently caress with my head. I already know that the first time I put more than $1000 down on a single trade is going to be weird. Here's hoping that it's not so weird that it breaks whatever's been working for me so far.
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Jun 7, 2018 21:00
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0/0 on SPY scalps on the day for +0.0% on the account.  I missed the 12:15 EDT move, and everything else has been sideways chop, so I'm happy to say I didn't lose a cent today.
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Jun 8, 2018 19:23
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Also 0/0 on SPY trades today, see you guys on Monday for the next update
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Jun 8, 2018 20:50
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Arkane posted:Also 0/0 on SPY trades today, see you guys on Monday for the next update you miss 100% of the trades you don't take
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Jun 8, 2018 21:03
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Anyone fall for the AMD bear trap?
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Jun 8, 2018 21:36
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Harry posted:Anyone fall for the AMD bear trap? You mean did any bears pussy out on the bull trap? We ain't trading weeklies here. Max pain for next week is 11, for 7/20 is 13.  
hostile apostle fucked around with this message at 21:45 on Jun 8, 2018 |
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Jun 8, 2018 21:39
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In some August UPS puts at 100. Now I really hope the IBT strikes!
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Jun 11, 2018 15:00
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Andrew Left pumping Fitbit today, my lordy
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Jun 11, 2018 17:24
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Yeah, who knows. He’s a lot better at pointing out bullshit companies than undervalued ones. A weird play.
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Jun 11, 2018 17:34
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Yeah he sure nailed Shopify. Glad I stuck in when he was spouting BS at at 100.
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Jun 11, 2018 17:48
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Agronox posted:Yeah, who knows. He’s a lot better at pointing out bullshit companies than undervalued ones. A weird play. That’s a lovely report, even by citron standards. The best part is the last sentence, saying the ceo has not sold shares. He literally sold 500k shares three weeks ago.
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Jun 11, 2018 17:54
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For anyone tracking HMNY, here's some pretty hilarious dilution statistics. total outstanding shares Nov 13, 2017- 11,125,442 (not a typo) $12.33/sh market cap: ~137mil May 11th, 2018- 82,655,182 $0.65/sh market cap: ~$53mil May 30th, 2018 - 153,927,839 $0.46/sh market cap: ~70mil May 30th is the most recent filing with a share count, it is probably significantly more diluted by now. As of May 30th, they still had over 200mil shares authorized to issue. Still holding and waiting on a nonsensical bizarro world short squeeze if/when they pause diluting
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Jun 11, 2018 19:38
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Now you can wait for a cool reverse split as well. Call it the DRYS whipsaw; it’s a lot of fun and that stock after dilution and splits once traded at a split-adjusted several million dollars per share back in the day. 
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Jun 11, 2018 19:41
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lol the junk shippers take the cake. DRYS is the goddman champ. 3 year high @ 8.9MM / share. 5-year high up there @ $ 55,000,000 / share lmfao 
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Jun 11, 2018 21:23
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sitll listed on Nasdaq haha
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Jun 11, 2018 21:23
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Garfu posted:Yeah he sure nailed Shopify. Glad I stuck in when he was spouting BS at at 100. Was awesome. Finally picked some up at $95
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Jun 12, 2018 01:29
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