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Foma
Oct 1, 2004
Hello, My name is Lip Synch. Right now, I'm making a post that is anti-bush or something Micheal Moore would be proud of because I and the rest of my team lefty friends (koba1t included) need something to circle jerk to.

Oscar Wild posted:

Pete worked at one of those consulting companies that comes in to your place of work, looks around, bothers the people who can extract data into providing headcount, salary, and benefits and then recommends doing the same amount of work with less people.

Edit: they call it benchmarking to other peer groups and I've yet to see it done well and generally it just fucks with the morale of people working.

Oh man, wait till all these companies find out this one trick and start doing it themselves without consulting companies. Also wasn't that like his first job out of college? That's what your gonna attack him for?

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MetaJew
Apr 14, 2006
Gather round, one and all, and thrill to my turgid tales of underwhelming misadventure!

Oscar Wild posted:

Pete worked at one of those consulting companies that comes in to your place of work, looks around, bothers the people who can extract data into providing headcount, salary, and benefits and then recommends doing the same amount of work with less people.

Edit: they call it benchmarking to other peer groups and I've yet to see it done well and generally it just fucks with the morale of people working.


Here are some supporting articles
https://www.theatlantic.com/ideas/archive/2020/02/how-mckinsey-destroyed-middle-class/605878/

https://thebaffler.com/latest/class-carpetbagger-pein

Also, I hope DIS goes up more tomorrow so my OTM calls can become ITM calls.

shame on an IGA
Apr 8, 2005

Sanders Iowa is trading below $0.30 on predictit, BTFD

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!
QQQ up over 1% again in pre-market trading. :downs:

Lote
Aug 5, 2001

Place your bets
So someone on the wsb reddit accidentally sold a few call contracts yesterday instead of buying them. Oops.

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.
TLSA 830 in pre-market.

I wouldn't buy puts at open yet, but my shallow plan atm is to buy some if it breaks 800 or if the irrational exuberance doesn't show up again by the end of the week.

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!
$800 and $900 puts have quadrupled from yesterday afternoon's peak. But the wild swing could just as easily have gone the other way, so...

edit: down further!

LLCoolJD fucked around with this message at 16:11 on Feb 5, 2020

doingitwrong
Jul 27, 2013
This is a remarkably fast rate for a number to go down.

Residency Evil
Jul 28, 2003

4/5 godo... Schumi
Lol

jokes
Dec 20, 2012

Uh... Kupo?

WSB is such a shitshow. Pump and dumps, now they’re hyping MSFT but nobody’s taking the bait (probably because of market cap).

Lote
Aug 5, 2001

Place your bets
Tesla’s fall is accelerating.

fougera
Apr 5, 2009
To those who did it, nice job picking the top.

Looking for PTON yolos rn.

pixaal
Jan 8, 2004

All ice cream is now for all beings, no matter how many legs.


fougera posted:

To those who did it, nice job picking the top.

I have a feeling idiots are going to rebound it to a new height before it really falls. I'm not confident enough in people's irrationality though to make that gamble.

Giganticon
Mar 10, 2010

Pillbug
What's WSB? Is it a website or something?

DoubleT2172
Sep 24, 2007

Wallstreetbets on reddit

Lambert
Apr 15, 2018

by Fluffdaddy
Fallen Rib

Spectral_beard posted:

What's WSB? Is it a website or something?

https://wallstreetbets.reddit.com/

fougera
Apr 5, 2009

pixaal posted:

I have a feeling idiots are going to rebound it to a new height before it really falls. I'm not confident enough in people's irrationality though to make that gamble.

Well its like shorting anything in this market, particularly with options. Once you get that volatility spike in your favor, you have to start cashing out immediately, regardless of where you think fair value is.

PTON march calls implying ~12%ish move for breakeven. Gift. Let's gamble on this POS boys.

Fhqwhgads
Jul 18, 2003

I AM THE ONLY ONE IN THIS GAME WHO GETS LAID

Foma posted:

Oh man, wait till all these companies find out this one trick and start doing it themselves without consulting companies. Also wasn't that like his first job out of college? That's what your gonna attack him for?

Companies will always hire external to do this because management is allergic to responsibility and they need an easy scapegoat.

No I'm not dealing with this right now in my company why do you ask?

jokes
Dec 20, 2012

Uh... Kupo?

Fhqwhgads posted:

Companies will always hire external to do this because management is allergic to responsibility and they need an easy scapegoat.

No I'm not dealing with this right now in my company why do you ask?

To compound this, capitalists always pay workers less than they produce to generate a margin that they can use to pay workers less. As a person who has done consulting, often management knows exactly what to do (and have the plan laid out before we talk to them) to make more money. They just doesn't want to suggest it, and the consulting firms will gleefully take their money to be the bad guy.

Moonshine Rhyme
Mar 26, 2010

Hate Hate Hate Hate Hate

greasyhands posted:

guy on WSB posting a 4mil account on $120k worth of way OTM tesla calls from last week

Apparently this guy did not sell anything yesterday and has probably lost a huge amount of it

Kal Torak
Jul 17, 2003

When Giles sends me on a mission, he says "please". And afterwards I get a cookie.

Moonshine Rhyme posted:

Apparently this guy did not sell anything yesterday and has probably lost a huge amount of it

That call is trading for $34 so his 4.2M is now 1.4M.

jokes
Dec 20, 2012

Uh... Kupo?

Kal Torak posted:

That call is trading for $34 so his 4.2M is now 1.4M.

He’s definitely gonna hold that option to expiry lol.

Toxic Mental
Jun 1, 2019

Hey, want some free money? Michael Bloomberg on predictit to win the election is only $0.87 on the dollar when it should be $0.99. A free 15% money increase on whatever you put in because he will absolutely never ever win.

Josh Lyman
May 24, 2009


Josh Lyman posted:

You can open up from yesterday’s close with bad price action that presages selling.
I didn't have the courage of my convictions to sell TSLA after hours yesterday, but I did exit my small position this morning.

Also after hours yesterday, I thought about buying 3M, Roche, and Abbvie in case coronvirus gets worse. I didn't get around to it until after closing my TSLA position and of course all 3 were up about 2.5% by that point.

java
May 7, 2005

fougera posted:

Well its like shorting anything in this market, particularly with options. Once you get that volatility spike in your favor, you have to start cashing out immediately, regardless of where you think fair value is.

PTON march calls implying ~12%ish move for breakeven. Gift. Let's gamble on this POS boys.

What position are you thinking about?

fougera
Apr 5, 2009

java posted:

What position are you thinking about?

Not sure which you are referring to, but the first part was about taking profits on TSLA shorts.

for PTON I don't really care about strike price, i plan on selling tomorrow regardless of outcome. While I'm at it, full disclosures before someone loses money on this trade:
1) I think longer term (maybe by Holidays 2020) the stock is a short
2) In my view, the biggest risk going long is that they may announce an early secondary tonight to jump ahead of the lockup expiration
3) That said, I think at worse you have a coinflip situation tonight. I think the bankers did a good enough job keeping near term estimates conservatives

fougera fucked around with this message at 19:16 on Feb 5, 2020

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.
In TSLA 300 PUTS expiring 2/21.

Based on yesterday's track record, I fully expect a 100 point rally in the last 10 minutes of trading.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
Ford at 10% off. Any takers?

Toxic Mental
Jun 1, 2019

So long as there are racists in the south who daydream about hauling around the blacks in the bed of their truck like a modern day middle passage, there will be a market for the F150.

John F Bennett
Jan 30, 2013

I always wear my wedding ring. It's my trademark.

GM is the new Ford anyway.

Comrayn
Jul 22, 2008

Toxic Mental posted:

So long as there are racists in the south who daydream about hauling around the blacks in the bed of their truck like a modern day middle passage, there will be a market for the F150.

:chloe:

odiv
Jan 12, 2003

There's a guy who parks his F150 in the alley behind my office every day and revs his engine while he waits for someone to come out at lunch and at the end of the day. This has been going on for months.

John F Bennett
Jan 30, 2013

I always wear my wedding ring. It's my trademark.

Is it -30 degrees out? Because he could just be trying to not freeze his engine.

Josh Lyman
May 24, 2009


John F Bennett posted:

Is it -30 degrees out? Because he could just be trying to not freeze his engine.
Wouldn’t that primarily be an issue with diesel engines?

odiv
Jan 12, 2003

Coincidentally it is almost exactly -30C right now yeah! That's not it though, he does it no matter the temperature.

edit: Could be diesel, but by the time you've driven somewhere it's usually fine. You don't drive your truck cold somewhere and then warm it up.

edit2: There's another guy who used to visit the house kitty corner to mine until the wee hours of the morning and then idle his diesel for 30-45 mins before he left. That was annoying too because it would keep me up at like 2am, but was just him warming his truck up and probably staying to chat longer than he intended and not like purposefully revving.

Anyway, this is all off topic. Er, how about that Tesla.

odiv fucked around with this message at 20:34 on Feb 5, 2020

Residency Evil
Jul 28, 2003

4/5 godo... Schumi

Toxic Mental posted:

So long as there are racists in the south who daydream about hauling around the blacks in the bed of their truck like a modern day middle passage, there will be a market for the F150.


He's right though?

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!
If you think demand for trucks is confined to white supremacists you're underestimating the market.

LLCoolJD posted:

I bought a single TSLA $800 put just for the hell of it and made $100 in about 4 minutes. :toot:

Look at this idiot who didn't stay long enough or bet enough in the TSLA casino.

BlackMK4
Aug 23, 2006

wat.
Megamarm

Residency Evil posted:

He's right though?

Nah.

Elephanthead
Sep 11, 2008


Toilet Rascal

GoGoGadgetChris posted:

Ford at 10% off. Any takers?

Let me know when it dips below $2 a share.

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Freezer
Apr 20, 2001

The Earth is the cradle of the mind, but one cannot stay in the cradle forever.
Happy all time high everyone!

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