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I finally decided to start building a position on AMC and suddenly out of nowhere it's down 8%
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Oct 24, 2018 18:55
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It's not just you, things are bad this month.
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Oct 24, 2018 19:43
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Something Offal posted:When people talk this kind of rhetoric, like you, are you also referring to long-term savings like retirement being moved out of stocks, or is it strictly your market money? Just learning! My market money. Retirement stays in index funds. Emergency fund stays in laddered CDs.
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Oct 24, 2018 19:55
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Xae posted:My market money. Does a laddered CD setup actually return more than a high yield savings? You have to go at least 1 year out for a CD to be slightly higher than savings yields. At that point its not really emergency funds any more.
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Oct 24, 2018 19:58
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trade wars are good, and easy to win no this isn't deja vu  edit: lol at chinese and russian stocks going up though fatal oopsie-daisy fucked around with this message at 20:25 on Oct 24, 2018 |
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Oct 24, 2018 20:02
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hostile apostle posted:Does a laddered CD setup actually return more than a high yield savings? You have to go at least 1 year out for a CD to be slightly higher than savings yields. At that point its not really emergency funds any more. That's the point of the ladder, cds mature each month and then can be used for emergency expenses or you can buy more CDs. I said before that it's more complicated and you're only getting marginally better yield than savings, but if it's done correctly it can be both.
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Oct 24, 2018 20:10
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adding some MU and some JD, wow some stuff is getting cheap
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Oct 24, 2018 20:39
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I am the grim spectre of bear markets! Post "stay safe grim spectre" to limit losses from imminent recession!
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Oct 24, 2018 21:19
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hostile apostle posted:Does a laddered CD setup actually return more than a high yield savings? You have to go at least 1 year out for a CD to be slightly higher than savings yields. At that point its not really emergency funds any more. Barely. Fidelity makes laddering pretty easy and once you get past the initial year of staggering them you can get the higher interest rates. I do quarterly because monthly is  .
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Oct 24, 2018 21:29
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lmao TSLA just loving crushing shorts over and over again
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Oct 24, 2018 21:31
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The power of anime got TSLA through some dark times. https://twitter.com/elonmusk/status/1051389235406598144 Edit: Holy poo poo AMD jumped into it's advanced money destroy mecha too
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Oct 24, 2018 21:34
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Bought a bunch of qqq weeklies into the close, keep the dream alive
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Oct 24, 2018 21:35
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Syrinxx posted:lmao TSLA just loving crushing shorts over and over again Fraud is not long term sustainable...
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Oct 24, 2018 22:01
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Lmao AMD holy poo poo what a ride that was
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Oct 24, 2018 22:20
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Oh I wouldn't touch TSLA with a 10 foot pole, I just like seeing their short sellers get destroyed by crazy weed smoking securities fraud flamethrower guy.
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Oct 24, 2018 22:20
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greasyhands posted:Lmao AMD holy poo poo what a ride that was That fuckin' expectation game. Where 8% YOY is bad somehow.
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Oct 24, 2018 22:32
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Dammit I almost went long TSLA vol mid-afternoon.
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Oct 24, 2018 22:33
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Syrinxx posted:Oh I wouldn't touch TSLA with a 10 foot pole, I just like seeing their short sellers get destroyed by crazy weed smoking securities fraud flamethrower guy. Shrug. Oh well. Couple of crazy things drop out of earnings. Accounts payable is up to $3.6 billion. They spent 10% less on operating expenses and 4% less on SG&A and produced/delivered 75% more cars than Q2. Also inventory went down.
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Oct 24, 2018 23:02
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Xae posted:That fuckin' expectation game. Really? A cyclical second fiddle semi company trading at 36x earnings but only growing 10%? If you were long the stock the expectations game has already given you plenty of favors.
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Oct 25, 2018 00:43
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Amd looking like a buy after that correction 
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Oct 25, 2018 01:10
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Risky Bisquick posted:Amd looking like a buy after that correction As someone who loved AMD enough to buy and overclock an Athlon back in 2000, it can always go lower.
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Oct 25, 2018 01:45
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fougera posted:Really? I sold off my AMD earlier in the year. But dropping 30% because you "only" projected 8% YOY growth is asinine. How much they are a second fiddle is up for debate as long as Intel keeps screwing up their 10nm process. Regardless of anything else AMD has one of three licenses to produce x86 processors. Other than Intel Cyrix is the only player left and they are at least a decade behind.
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Oct 25, 2018 01:48
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Cyrix still exists? There's a name I've not heard since the 486 was hot poo poo
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Oct 25, 2018 02:08
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shame on an IGA posted:Cyrix still exists? There's a name I've not heard since the 486 was hot poo poo It was purchased by VIA, merged with Centuar, and its license is somewhere in a not-entirely-transparent Chinese plastics conglomerate. If my memory serves. It pops up sometimes in conspiracy circles that "The Chinese" are working on building their own x86 chips.
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Oct 25, 2018 02:14
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Xae posted:It was purchased by VIA, merged with Centuar, and its license is somewhere in a not-entirely-transparent Chinese plastics conglomerate. If my memory serves. No rumor, the chips are very real, just not sold outside China https://hothardware.com/news/zhaoxin-kaixian-kx-6000-x86-cpu
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Oct 25, 2018 02:20
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Lote posted:As someone who loved AMD enough to buy and overclock an Athlon back in 2000, it can always go lower.
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Oct 25, 2018 07:28
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Sold out of all my qqq calls, dat bounce
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Oct 25, 2018 15:13
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Ya I am in the same boat as everyone. All my longs got crushed so you are not alone. Thank god I did reduce my position at the start of October. Also I really don't see AMD going to the below 10 bucks days anymore. There seems to be a massive change of consensus going right now especially after the I9 9900k release by Intel which was utterly botched and barely an upgrade over Ryzen 2. I do think tech stocks are going through a massive correction but they also have the largest potential for a bounceback if the market doesn't go straight into bear market.
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Oct 25, 2018 15:16
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Ulio posted:I do think tech stocks are going through a massive correction but they also have the largest potential for a bounceback if the market doesn't go straight into bear market.  Half my annual gains have disappeared this month, and I am heavy tech.
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Oct 25, 2018 15:32
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LLCoolJD posted:
Same but manufacturing. I'm a whore for value dividends.
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Oct 25, 2018 16:22
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Bought a bunch of QQQ weekly puts now, gently caress this thing
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Oct 25, 2018 16:27
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greasyhands posted:Bought a bunch of QQQ weekly puts now, gently caress this thing if you're interested in elaborating, what's the idea behind weekly/daily options trades on things like SPY and QQQ? I see people talking about them a lot and I don't really understand it
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Oct 25, 2018 16:47
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Business posted:if you're interested in elaborating, what's the idea behind weekly/daily options trades on things like SPY and QQQ? I see people talking about them a lot and I don't really understand it Its just high stakes big loss/return plays. If things dont move in the direction of your trade pretty quickly, you can lose it all real quick. Conversely, if they do move in your direction you can make a mint. I've had a few 300%+ one day plays in the last month. I also had a bunch of wipe outs a few months back when I was early on predicting a tech selloff (when GS came out with a $490 target on NFLX and Musk tweeted he had funding secured... poo poo got pretty squirrely right at the top) I only do it when theres huge market moves, which there have been a lot lately. I bought into a bunch of calls right at the close yesterday, becasue when the market goes down over 3% without any kind of big time news supporting the drop, it nearly always bounces the following day. I made a lot on that trade, now I feel like its bounced a bit much and am buying puts on QQQ- I'd like to see QQQ end the day up 1.5-2% That will be a nicely profitable trade for me. edit: vvvv--- calls yesterday were 167 and the puts today are 171, I usually do the closest strike slightly OTM but my puts are slightly ITM.. I dont buy options way in or out, but I do like selling deep ITM calls on really crazy poo poo like TLRY greasyhands fucked around with this message at 17:04 on Oct 25, 2018 |
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Oct 25, 2018 16:56
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What strike prices are you going for with these plays?
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Oct 25, 2018 16:58
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Nice. I bought QQQ 170s for $1 and traded them out for INTC calls this morning. Weekly puts seem exactly as risky rn though.  It's because I regret being cheap on a $25 AMD butterfly that didn't fill. Lol dougdrums fucked around with this message at 17:26 on Oct 25, 2018 |
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Oct 25, 2018 17:24
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Think it may be entry time for AMD, that market reaction was completely panicked and dumb
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Oct 25, 2018 18:02
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AMD has about 1/4th the operating margin of INTC, but is priced at the same P/S. AMD was ludicrous in the mid 20s, let alone the 30s, and its still a pretty expensive stock relative to its much better competitor. Just because its way down doesnt mean its cheap, it just means its meme'd out
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Oct 25, 2018 18:16
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This markets inability to sell convincingly is amazing. Companies are missing left and right and no one cares. theres not even any volume, it just sells off on huge volume then just grinds right back up on small volume
greasyhands fucked around with this message at 19:34 on Oct 25, 2018 |
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Oct 25, 2018 19:28
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There are just too many solvent traders out there, it's patiently outlasting them
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Oct 25, 2018 19:40
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Completely out of QQQ puts 3 mins after close, monster gains that was excruciating. I added into that runup all afternoon and it never relented jesus christ i need a drink edit: lmao now it fully dumps, this game is so rigged greasyhands fucked around with this message at 21:05 on Oct 25, 2018 |
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Oct 25, 2018 21:02
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