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My poor retirement account. Don't touch, don't touch, don't touch. 401k/IRA goes down --> SPY puts in my trading account go up --> effectively a penalty free distribution? fougera fucked around with this message at 15:12 on Feb 24, 2020 |
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Feb 24, 2020 15:09
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You’re only down if you sell friend
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Feb 24, 2020 15:23
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I have a feeling Tesla is going to be green today as retail piles into TSLA from the other meme stocks. Trump gonna be super pissed. He’s a huge germaphobe coupled with the fact that the market is melting down will cause him to be extra erratic. Apparently he was very angry with the Americans that were allowed to come back to the US from the cruise ship.
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Feb 24, 2020 15:25
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Hit Man posted:GILD is soaring premarket. Only thing I have not losing money 
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Feb 24, 2020 15:29
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lol thank loving god this insanity may be ending
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Feb 24, 2020 15:31
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Exited my puts immediately, might go back in if it looks like the dip doesn't last
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Feb 24, 2020 15:33
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lol no buy dip gently caress bitches smoke trees
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Feb 24, 2020 15:34
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Residency Evil posted:lol thank loving god this insanity may be ending Hahahahahahahahahaha no you sweet baby no, no, no. You will only find disappointment down this route. Everything means nothing.
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Feb 24, 2020 15:35
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For those who are curious these were SPY 315 03/02 puts that I bought at the beginning of February so actually making money of them is proof that the market is even dumber than me
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Feb 24, 2020 15:35
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Residency Evil posted:lol thank loving god this insanity may be ending Hah. There’s gonna be dead cat bounces. This is assuming there’s no massive Trump panic intervention from the Fed and injecting even more liquidity. Gonna be funny how much oversubscribed the Fed’s reverse repo gets over the next few days to weeks.
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Feb 24, 2020 15:37
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rip my dumbass call buys on Thursday
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Feb 24, 2020 15:39
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Hahaha sorry guys, I jinxed it.
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Feb 24, 2020 15:47
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Garfu posted:rip my dumbass call buys on Thursday
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Feb 24, 2020 15:51
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WHO says GILD's Remdesivir may be effective against Coronavirus. Press the loving button market makers. What the gently caress
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Feb 24, 2020 15:57
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Hit Man posted:WHO says GILD's Remdesivir may be effective against Coronavirus. Is there even any chance they could scale up production in time to stop the worst effects of the virus? Factories have been closed for weeks now, global tourism will be down, anyone who was thinking of traveling during the spring and summer has probably already canceled their reservations.
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Feb 24, 2020 16:04
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We were travelling on the now bankrupt Hainan airlines, dunno if I'm getting my refund anytime soon heh.
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Feb 24, 2020 16:07
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Ur Getting Fatter posted:Is there even any chance they could scale up production in time to stop the worst effects of the virus? Factories have been closed for weeks now, global tourism will be down, anyone who was thinking of traveling during the spring and summer has probably already canceled their reservations. Probably will take every country that can make it getting permission. But all the other poo poo has been known for a month now and didn't stop this market. You would figure it would rally around news of a treatment that can work.
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Feb 24, 2020 16:09
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A treatment that can work is a small step towards being able to effectively provide it and prevent things from getting worse.
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Feb 24, 2020 16:10
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Vanguard not showing my cost basis for no good reason as I get my first TLH opportunity in months
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Feb 24, 2020 16:11
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Lambert posted:When the end actually is nigh, canned beans and medicine are going to be way more valuable for trade-in than gold coins. I feel like cartons of cigarettes are going to be my ticket to wherever the rich people are. My medium term plan is coffee beans. My long term plan is pornography.
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Feb 24, 2020 16:25
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My plan to survive the apocalypse is to not. Who would want to go through all that? Seems a hassle.
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Feb 24, 2020 16:26
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bollig posted:My long term plan is pornography. Low barrier business, race to the bottom as everybody sells their body for worthless currency or for pennies on the bitcoin. I think coffee is a good idea though. And meth, demand will go through the roof as everybody suffers. Honestly though, this isn't bad at all. Don't call it "stocks on sale" or "the insanity is over".
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Feb 24, 2020 16:32
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jokes posted:My plan to survive the apocalypse is to not. Who would want to go through all that? Seems a hassle. I have no apocalypse plan because I live in NYC and if Hollywood has taught me anything it's that we're always the first to go.
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Feb 24, 2020 16:33
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mashed the sell button at open today ON MY VXX CALLS !!!
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Feb 24, 2020 16:36
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Lote posted:Hah. There’s gonna be dead cat bounces. All those hedge funds using FICC sponsored repo to essentially trade junk spreads for bills and then re-lever up might be sweating some rolling margin calls today. Fed will have to cut rates again to keep the charade up because the long end is running out of control. Ironically while this forces curve back into contango in immediate term the parallel shift down in the short to medium term just further hammers financials like regional banks and insurance who are already starved on net interest income. VX with a front month inversion and >20 is not ideal buying conditions for equities. If anyone's hoping to buy with "blood in the streets" you won't see that until ZN/ZB also crater.
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Feb 24, 2020 16:37
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looks like the markets are in turmoil
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Feb 24, 2020 16:38
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I want my mind blown. Thankfully I actively read about and watch the Stock Market, the true absurdist's paradise.
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Feb 24, 2020 16:38
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Josh Lyman posted:I picked the wrong company to go with last month in AbbVie. I wanted to get into Clorox a few weeks ago. I'm very dumb.
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Feb 24, 2020 16:46
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Still holding my SPXS 13 Mar calls, limiting my portfolio loss at under 0.75%. Might pick up some GILD Apr calls.
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Feb 24, 2020 16:46
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Our only hope for sanity is a 20% correction
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Feb 24, 2020 17:11
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Wonder if any of the WSB boys are still holding LL. Thing's down 16% today.
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Feb 24, 2020 17:11
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Agronox posted:Wonder if any of the WSB boys are still holding LL. Thing's down 16% today. Their whole grift was in anticipation of tomorrow's earnings report. Who knows!
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Feb 24, 2020 17:14
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GoGoGadgetChris posted:Their whole grift was in anticipation of tomorrow's earnings report. Who knows! They know to never believe your own bullshit! If you pump, you dump before the dump begins!
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Feb 24, 2020 17:16
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Short gld, here comes the slide
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Feb 24, 2020 17:23
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I just took profits on msft and a couple others. Hopefully buy back in when this inevitably stabilizes in a week or so.
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Feb 24, 2020 17:26
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Thinkin bout that DIS.
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Feb 24, 2020 17:42
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DeadFatDuckFat posted:Thinkin bout that DIS. Why? Park revenue will be poo poo. Possibly extended and more closures
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Feb 24, 2020 17:46
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Hit Man posted:Why? Park revenue will be poo poo. Possibly extended and more closures Oh, yeah, I'm gonna wait a little bit. Not gonna do options on it, just might start buying shares as it falls and then hold onto it for awhile. Maybe people will just stay indoors and watch their streaming service? I'm all hung over right now so I must fight to not make poor decisions in the morning
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Feb 24, 2020 17:53
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Bloodbath out there. GILD trading like rear end now but still think its undervalued. Every country will want to stockpile this drug if it works
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Feb 24, 2020 18:20
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| # ? Jun 6, 2024 10:38 |
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I’m gonna do a test and buy stocks that have had a huge dip for whatever reason but still represent something useful, e.g. Wayfair. They’re owned by fascist collaborators but I bet people are too dumb to remember that after a few months. Basically anything that’s low and has been for a while, expecting them to go up at some point. The market is not reasonable, so they probably will 
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Feb 24, 2020 18:28
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