|
Doccykins posted:cnbc just announcing a massive stimulus from the fed, holy gently caress i actually timed the market dont let me do that Once?
|
#
?
Mar 12, 2020 18:02
|
|
|
|
| # ? Jun 7, 2024 21:14 |
|
|
eTrade has a paper platform. Neat. Gonna have fun showing my friends the $100,000 I lost today
|
|
#
?
Mar 12, 2020 18:03
|
|
|
Terran Stim Packs Here we loving go!
|
|
#
?
Mar 12, 2020 18:03
|
|
|
Well so much for going to lunch
|
|
#
?
Mar 12, 2020 18:04
|
|
|
fougera posted:Once? yeah dont get me wrong this was complete beginners luck and I don't intend to be able to do that ever again or with any real amount of exposure
|
|
#
?
Mar 12, 2020 18:04
|
|
|
lol this fuckin market
|
|
#
?
Mar 12, 2020 18:05
|
|
|
What the gently caress is with the spike, is it algo's going crazy over the 500bn repo? I bet some firm just got blown up on that sudden uptick though
|
|
#
?
Mar 12, 2020 18:06
|
|
|
No way we finish green, we can't be this dumb.
|
|
#
?
Mar 12, 2020 18:06
|
|
|
Ur Getting Fatter posted:we can't be this dumb. Have you been paying attention the last 10 days?
|
|
#
?
Mar 12, 2020 18:07
|
|
|
500 billion in one day, what a ride 2020 has been.
|
|
#
?
Mar 12, 2020 18:07
|
|
|
traders: oh, this is a great window to add to my shorts lol
|
|
#
?
Mar 12, 2020 18:08
|
|
|
Ur Getting Fatter posted:No way we finish green, we can't be this dumb. Sure we are, it's just further for it to fall when people realize oh the problems aren't fixed. That or we rally into a bull market and earnings are terrible and they fall into a bottomless pit instead.
|
|
#
?
Mar 12, 2020 18:08
|
|
|
Sheesh, that'll gonna take a while for my ETFs to recover from this poo poo. I still need to offload some savings into them. Timing that will be a pain in the rear end.
|
|
#
?
Mar 12, 2020 18:09
|
|
|
Very happy I sold all my 3/23 spy puts this morning
|
|
#
?
Mar 12, 2020 18:09
|
|
|
Combat Pretzel posted:Sheesh, that'll gonna take a while for my ETFs to recover from this poo poo. I still need to offload some savings into them. Timing that will be a pain in the rear end. Are you retiring soon?
|
|
#
?
Mar 12, 2020 18:11
|
|
|
ho fan posted:Very happy I sold all my 3/23 spy puts this morning 3/23 is still a while 11 days away buddy.
|
|
#
?
Mar 12, 2020 18:12
|
|
|
greasyhands posted:So, again this is a lottery ticket play, CPE bought Carrizo in an all stock deal so the balance sheet (which was not that great to start with.. but ok) remains relatively intact. the deal has closed and its now one big company and they produce a lot of oil and gas. The timing of this transaction is kind of amazing because it now values Carrizo at some large negative number. Theres no debt (specific to the deal, anyways) to repay because they just issued a bunch of equity. The deal closed about a month before the poo poo hit the fan, but it was already at an arguably reasonable price because E&P was looking iffy. Their breakeven price is not good and they are currently priced to fail. Maybe they will, but if they don't and oil normalizes (spoiler: it will, the question is 'how soon?') it will be a 10 bagger from here. If you were sitting on the outside watching in for this whole transaction- you can now get Carrizo for free by buying the equity. Insiders have been buying it up fwiw. Its entirely possible we start seeing acquisitions by the majors, and these guys would be prime candidates for a bailout. This is not the same oil industry that wiped out a bunch of guys in 2015, this is a much leaner bunch of operators now and there will be interest. This is some kind of ancient magic you wield, this shits green in a bloodbath.
|
|
#
?
Mar 12, 2020 18:12
|
|
|
Inner Light posted:Are you retiring soon? I had planned to move some more savings into ETFs this summer. With this huge dip, seems like it'd be interesting to do this sooner.
|
|
#
?
Mar 12, 2020 18:13
|
|
|
Bought oxy this morning when it was red. What a return. Too bad I only bought a small amount. Good poo poo greasy.
|
|
#
?
Mar 12, 2020 18:13
|
|
|
We’ve retraced half of that spike. No idea where we close.
|
|
#
?
Mar 12, 2020 18:14
|
|
|
Combat Pretzel posted:Nope. I'd wait, personally. I'm planning on doing the same in about 4 weeks.
|
|
#
?
Mar 12, 2020 18:15
|
|
|
Ur Getting Fatter posted:Only thing that could boost the markets at this point if Trump somehow gets Congress to signal approval for some sort of bailout package, which isn't completely impossible, House Democrats still have to answer to their constituents who are getting hosed by all of this. Turns out even more repo operations could work as well. But as for a congressional response: https://twitter.com/AnaCabrera/status/1238126303238410243
|
|
#
?
Mar 12, 2020 18:16
|
|
|
Regarding my coworker being a COVID-carrying dumbass and me walking out of a meeting I just got an email telling me that leaving the meeting was "being theatrical" and that "scare tactics have no place in the current environment". Good luck, suckers - I'm working from home from now on. If this client was publicly traded I'd short the gently caress out of them because their management hasn't got a clue what is about to happen to their workforce...
|
|
#
?
Mar 12, 2020 18:20
|
|
|
golden bubble posted:Turns out even more repo operations could work as well. But as for a congressional response:
|
|
#
?
Mar 12, 2020 18:20
|
|
|
Ulio posted:Ya I am adding longs exactly cause I can't time the market. Not sure where it will go so I avg down a bit and rerolled the puts. No no no, we are pretty sure (at least I am - something like 80% confident) that the market will be lower in a month since people here are gonna start dying wholesale and then the real panic starts. Tax cuts and zero interest rates aren't going to stop businesses from closing when their employees get sick. So don't "time the market" and close out any of your shorts, even if you think there is a likely bounce tomorrow. Just keep increasing that position until there is evidence that the likely outcome (millions dead and months of lost productivity) is actually priced in, or plans enacted to start mitigating that outcome. drat, I gotta explain my joke?
|
|
#
?
Mar 12, 2020 18:21
|
|
|
So it’s clear that the banking sector is much worse off than they’ve let on.
|
|
#
?
Mar 12, 2020 18:25
|
|
|
drat https://twitter.com/bnodesk/status/1238141768459264000?s=21
|
|
#
?
Mar 12, 2020 18:27
|
|
|
Josh Lyman posted:They’re off next week. Which means Monday the 23rd is probably the earliest they’ll do something.
|
|
#
?
Mar 12, 2020 18:28
|
|
|
Bored As gently caress posted:Yeah he's still okay overall, just sucks that he's gonna be going down even more in the next few months. He's 72 so I feel like maybe he should take some out now before the real recession. Idk if he would do that though. no do not do that
|
|
#
?
Mar 12, 2020 18:31
|
|
|
I don't think we see the real broad terror until the last system falls over completely: there aren't enough hospital beds to admit new emergency cases. This is when COVID will exhaust all hope. This article https://www.statnews.com/2020/03/10/simple-math-alarming-answers-covid-19/ estimates the date ~ May 10th.
|
|
#
?
Mar 12, 2020 18:32
|
|
|
Watched OXY go from up 6 to up 10 in 30 seconds while I debated whether to go in or not, JFC
|
|
#
?
Mar 12, 2020 18:37
|
|
|
Seriously someone talk me out of selling these CZR puts I'm up over 100% after a day on. I'm not gonna roll them because the spread's too loving murderous.
|
|
#
?
Mar 12, 2020 18:39
|
|
|
Haha you’re a sucker if you were hiding in cash because the fed just decided it’s going to 0
|
|
#
?
Mar 12, 2020 18:40
|
|
|
Dwight Eisenhower posted:I don't think we see the real broad terror until the last system falls over completely: there aren't enough hospital beds to admit new emergency cases. This is when COVID will exhaust all hope. Yup. I don't think we have enough ICU beds in my entire state to deal with even 1/10 of the projected load, based on the figures out of China and Italy.
|
|
#
?
Mar 12, 2020 18:40
|
|
|
Dwight Eisenhower posted:I don't think we see the real broad terror until the last system falls over completely: there aren't enough hospital beds to admit new emergency cases. This is when COVID will exhaust all hope. We can always convert empty NBA, NHL, MLS, NCAA arenas to hospitals. Problem solved
|
|
#
?
Mar 12, 2020 18:40
|
|
|
The problem is the lack of critical/acute care capacity. Even if you converted every failing mall in the country, we wouldn't have the staff, equipment, or consumables necessary to do anything useful.
|
|
#
?
Mar 12, 2020 18:41
|
|
|
I think beds themselves will be fine. Ventilators/ecmo? Ooooohhh noooo
|
|
#
?
Mar 12, 2020 18:42
|
|
|
Yeah if only we had magic robots to perform emergency medical care instead of fragile susceptible to flu humans. Nearly 30% of whom are in the high risk demographic for fatalities on infection: https://hospitalmedicaldirector.com/age-of-physicians-by-specialty/
|
|
#
?
Mar 12, 2020 18:43
|
|
|
Good news, ECMO needs should be low according to the latest Italian data, since patients respond exceptionally well to ventilator care. Bad news, patients need ventilators for longer than expected, since the first signs of improvement are often a lie, according to Italian experience.
|
|
#
?
Mar 12, 2020 18:45
|
|
|
|
| # ? Jun 7, 2024 21:14 |
|
|
Welp I had the order open to buy CZR Mar 8 puts for 0.81 with a 7 cent spread and responded to an email. Now the ask is 0.91 with a 12 cent spread. Do not like.
|
|
#
?
Mar 12, 2020 18:47
|
|