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In dec the airlines have employees huge bonuses (month of pay)
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Mar 17, 2020 07:47
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Josh Lyman posted:We’ve hit limit up but based on ES close it only says 3.82%. If I knew that, I would’ve bought in much earlier. Meanwhile, Diablo claimed another potential gap move since I didn’t get back in long before we pinned to limit up at 2:50am  . Though TBF, I shouldn’t be awake right now anyway.At least I have SPY calls? 
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Mar 17, 2020 08:26
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Futures hit limit up tonight. As of this post all those gains have been wiped out and futures are slightly negative.
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Mar 17, 2020 10:43
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Get out the Dow 20k hats
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Mar 17, 2020 10:45
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saintonan posted:Buncha Fuckin Crash!!!!!!!!!!!! › Stock Trading: Just started trading 3 days ago and a third of my market is gone
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Mar 17, 2020 10:48
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strange feelings re Daisy posted:Futures hit limit up tonight. As of this post all those gains have been wiped out and futures are slightly negative. Holy smokes Dow went from up 800 at one point to down 22...what a ride.
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Mar 17, 2020 11:07
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6:10 am update: back up, everything’s ok now
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Mar 17, 2020 11:11
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jokes posted:I’ve been reading about the index investing bubble and truly don’t know how it’s any different from just people investing randomly/blindly into the stock market as individuals or with any funds, really. Is it because there aren’t any “losers” like with old fashioned stock picking? It is mostly hedge fund guys mad people are getting too smart for them.
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Mar 17, 2020 11:12
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Jesus christ I got to sleep for a few hours and you assholes have blown up everything again?
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Mar 17, 2020 12:53
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jokes posted:What happened to free enterprise in this country? Remember when long-term risk was a thing? I do hear you on this, and any "bailout" should look a hell of a lot more like loans and warrants with onerous terms than "free money lol," but this really is a black swan event that hasn't happened for over 100 years and no one could have really planned for. So there might be a place for the government to lend to AAL at 9.0% or something--I don't think anyone else will right now. But if they just shovel money into the company treasury to protect the equity that's pretty dumb.
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Mar 17, 2020 13:17
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All the non-shoveling options sound like SOCIALISM
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Mar 17, 2020 13:23
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Agronox posted:I do hear you on this, and any "bailout" should look a hell of a lot more like loans and warrants with onerous terms than "free money lol," but this really is a black swan event that hasn't happened for over 100 years and no one could have really planned for. Corporations should plan for black swan events, that's what risk management is all about. It's not like they didn't have the money to set aside for this, instead of all the ridiculous stock buybacks they did with the tax cut money that was designed to do nothing but pump the stock price.
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Mar 17, 2020 13:26
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saintonan posted:Corporations should plan for black swan events, that's what risk management is all about. It's not like they didn't have the money to set aside for this, instead of all the ridiculous stock buybacks they did with the tax cut money that was designed to do nothing but pump the stock price. What are you, a loving communist!?
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Mar 17, 2020 13:41
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saintonan posted:Corporations should plan for black swan events, that's what risk management is all about. It's not like they didn't have the money to set aside for this, instead of all the ridiculous stock buybacks they did with the tax cut money that was designed to do nothing but pump the stock price. Corporations are now like the "rogue wave" fund manager except they expect the taxpayers to bail them out. Meanwhile, ordinary citizens better have saved up for a rainy day.
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Mar 17, 2020 13:41
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saintonan posted:Corporations should plan for black swan events, that's what risk management is all about. It's not like they didn't have the money to set aside for this, instead of all the ridiculous stock buybacks they did with the tax cut money that was designed to do nothing but pump the stock price. Yeah but since we know everyone that doesn’t manage their own risk is getting bailed out anyway the optimum thing to do is plan for a bailout. Boeing should absolutely get their free money from the government and use it on buybacks then ask for another handout to use on buybacks because it’s not like our leaders are suddenly going to be inflicted with moral courage.
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Mar 17, 2020 13:41
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Agronox posted:I do hear you on this, and any "bailout" should look a hell of a lot more like loans and warrants with onerous terms than "free money lol," but this really is a black swan event that hasn't happened for over 100 years and no one could have really planned for. We can and do plan for events like this. A simulation describing exactly this event was run during the handover of power from Obama to Trump. https://www.politico.com/news/2020/03/16/trump-inauguration-warning-scenario-pandemic-132797 I don't say this in order to turn this into C-SPAM but to make salient the fact that responsible civic leaders, the WHO, the CDC and all kinds of other bodies are specifically planning for events like this as a matter of course. It's a huge part of the point of their existence. Apparently, however, this information does not make its way into the market.
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Mar 17, 2020 13:42
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strange feelings re Daisy posted:Futures hit limit up tonight. As of this post all those gains have been wiped out and futures are slightly negative.
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Mar 17, 2020 13:46
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I’m starting to think that getting into futures wasn’t the healthiest move for you, Josh
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Mar 17, 2020 14:04
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Trump admin floating $850b fiscal stimulus package
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Mar 17, 2020 14:10
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Already? WHAT ABOUT MY PUTS MR TRUMP
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Mar 17, 2020 14:12
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I bought some BUD and it's still bleeding. Release a funny commercial to boost morale, Budweiser! 
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Mar 17, 2020 14:28
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Lol I gotta get otf Robinhood. All Disney puts showijg as .01. Great job, RH.
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Mar 17, 2020 14:31
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Bored As gently caress posted:Lol I gotta get otf Robinhood. All Disney puts showijg as .01. And even if you put in some overpay number, their poo poo is bogged down. And the spreads... Its costing way too much to use this lovely platform, but now is the time to trade. 1st_Panzer_Div. fucked around with this message at 14:42 on Mar 17, 2020 |
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Mar 17, 2020 14:39
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Bored As gently caress posted:Lol I gotta get otf Robinhood. All Disney puts showijg as .01. It usually takes RH about 10 minutes after open to show legit data. Not a great look for them
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Mar 17, 2020 14:39
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CZR halted, down 7.4%
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Mar 17, 2020 14:42
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dougdrums posted:CZR halted, down 7.4% And rh showing my $8 puts as 0.01 value
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Mar 17, 2020 14:43
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Despite my puts I was hoping for modest green today. I really would not like a full on recession, the speed of this market fall is unsettling.
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Mar 17, 2020 14:44
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I guess it's not time to buy the dip! der
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Mar 17, 2020 14:51
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I really thought this bounce was going to be a bit bigger. Held on to my YOLO call to long, it seems.
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Mar 17, 2020 14:53
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1st_Panzer_Div. posted:Despite my puts I was hoping for modest green today. You can't just turn off the economy for 8 weeks and not get a full-on recession. The focus now is figuring out how much long-term damage there will be before the economy returns to something like normal. I'm in Texas and this is acting just like a hurricane - everything is closed up, grocery stores out of everything, people panicking. Hurricane recoveries don't happen overnight and I wouldn't expect this to either.
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Mar 17, 2020 14:55
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Halved my 2450 3/20 put exposure again just now, last unit left to either yolo all the way to expiration or pull if this market ever looks in danger of recovering
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Mar 17, 2020 14:55
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Yeah, I didn't have enough money into puts when the huge drops happened, so I didn't make enough money to offset the negative effects of a big recession. I'm generally a pessimist so I think things can only get worse.
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Mar 17, 2020 14:55
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dougdrums posted:CZR halted, down 7.4%
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Mar 17, 2020 14:56
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Ur Getting Fatter posted:I really thought this bounce was going to be a bit bigger. Held on to my YOLO call to long, it seems. The problem is Trump admits hundreds of billions of interventions are required. So that cut things in half overnight. Then it dawned on people that we can't even sort out paid leave, let alone a multi-hundred billion dollar bailout and there went the rest.
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Mar 17, 2020 14:58
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Into sqqq at open. Sitting at home watching the market melt and the economy seize sucks.
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Mar 17, 2020 14:59
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https://www.youtube.com/watch?v=SGX8EOH82pc
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Mar 17, 2020 15:00
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Dow 20k! 
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Mar 17, 2020 15:00
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dougdrums posted:CZR halted, down 7.4% Just dropped .60 on my screen, now down 19% at 4.92.
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Mar 17, 2020 15:00
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dougdrums posted:lmao it happened again at -15%  CZRI'm gonna have to buy shares for a penny to close this one out
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Mar 17, 2020 15:01
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| # ? Jun 8, 2024 02:08 |
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Buying a little MGM
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Mar 17, 2020 15:01
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