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I'm staying far away from WFC until their internals get straightened away. Two board members recently resigned, and there's every indication that they've done close to nothing about the abuses they've been justifiably criticized for. I'd never be a customer of theirs, so it's very hard to justify being a shareholder given similar alternate options.
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Mar 17, 2020 18:34
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Oh sweet, what great timing for bird flu https://www.nasdaq.com/articles/germany-confirms-case-of-h5n8-bird-flu-in-poultry-farm-2020-03-16
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Mar 17, 2020 18:37
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Options dumb newbie question: TD Webbroker isn't even showing any CZR out of the money options any more. Why would this be?
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Mar 17, 2020 18:39
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It doesn’t seem like trading individual stocks or even actively managed indexes (e.g. SPY) is particularly feasible or manageable outside of daytrading-specific platforms, based on how quickly these things change day-by-day or even week by week. Buy-and-hold is like the only thing I can do in E*TRADE, and I’ve given up in figuring out how to do anything else cause they just don’t seem very appealing at this point in time. Besides, even if I did benefit from either buy-and-hold or options or whatever, it’s like +3% at a time. At that point, your time is better spent at your day job. Ironically enough, it might be easier to tell the stock market future in 20 years than it is to tell the future in 20 days. Daytrading and I just don’t get along.
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Mar 17, 2020 18:40
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Femtosecond posted:Options dumb newbie question: TD Webbroker isn't even showing any CZR out of the money options any more. Why would this be? When something gets halted the options chains are cleared. It takes awhile for them to propagate again, if they're going to.
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Mar 17, 2020 18:41
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Ugh I'm so frustrated sitting back and watching the world burn, but not able to trade right now. Hopefully my funds settle tomorrow, but I might be too late on some of these plays, or they're just too expensive premium wise now. Last Wed I was talking to my friend and talking about the subprime auto loan bubble is going to blow up and to short the poo poo out of them. Auto lenders have been giving anyone with a pulse and the capability to lie about their income an auto loan. They were already showing warning signs and this is going to blow things up bigly. CACC was trading around 430 a share when we had this conversation last Wed. It's at 296 right now. edit: Looks like there isn't much option volume and I wouldn't have been able to make the play anyway, but still, instincts were correct on this one. skipdogg fucked around with this message at 18:47 on Mar 17, 2020 |
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Mar 17, 2020 18:42
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Femtosecond posted:Options dumb newbie question: TD Webbroker isn't even showing any CZR out of the money options any more. Why would this be? It's at $4 You really don't want to get into that spot right now especially as a first play. It's already paid out it's not really going to increase in value. You expect stock to fall further? Look at the price of the put, the stock price has to fall under $2 to break even!
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Mar 17, 2020 18:44
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Lote posted:Looked like a couple short positions got blown up / quickly covered for PENN and RRR so I shorted more. Also shorted some BYD for across the board shorts on mid level national casino stocks. This coronavirus stuff is gonna be the entire year. These companies all could go bankrupt because they’ve got heaps of debt Which ones are good to get in on now?
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Mar 17, 2020 18:45
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Let’s try figuring this out with a specific example. NCBDY is down -19.14%. Bandai-Namco isn’t a bad company as far as I can tell. Is there any reason I shouldn’t buy one of their shares? It’s currently cheap. 
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Mar 17, 2020 19:01
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Pollyanna posted:It doesn’t seem like trading individual stocks or even actively managed indexes (e.g. SPY) is particularly feasible or manageable outside of daytrading-specific platforms, based on how quickly these things change day-by-day or even week by week. Buy-and-hold is like the only thing I can do in E*TRADE, and I’ve given up in figuring out how to do anything else cause they just don’t seem very appealing at this point in time. why do you keep posting in this thread? if you have no foresight or insight, don't time the market
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Mar 17, 2020 19:03
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Baddog posted:why do you keep posting in this thread? I’m pig headed
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Mar 17, 2020 19:04
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Lote posted:Maybe this is the way we finally get online gambling in the USA lol Sheldon Adelson is reversing his position on it as we speak.
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Mar 17, 2020 19:07
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Lote posted:Maybe this is the way we finally get online gambling in the USA lol We just got sports betting online in Oregon. These things will probably be state by state for the near future.
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Mar 17, 2020 19:09
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I kind of get that you need to extend a lot of social service/debt forgiveness/mortgage pauses etc because of this disaster. But giving out huge amounts of cash when people literally can't go out and spend it seems like a bad idea. It's like trying to force start an engine that is still submerged in water. Am I wrong in thinking this is going to lead to stagflation?
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Mar 17, 2020 19:09
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How bad can a $30c for SQQQ 4/17 possibly be  
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Mar 17, 2020 19:11
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particle9 posted:I kind of get that you need to extend a lot of social service/debt forgiveness/mortgage pauses etc because of this disaster. But giving out huge amounts of cash when people literally can't go out and spend it seems like a bad idea. It's like trying to force start an engine that is still submerged in water. Am I wrong in thinking this is going to lead to stagflation? The idea of giving everyone $1,000 isn't to kick start the economy, it's so people that make $20,000 can afford to eat and get basic things. These are also the people that likely just got laid off.
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Mar 17, 2020 19:13
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particle9 posted:I kind of get that you need to extend a lot of social service/debt forgiveness/mortgage pauses etc because of this disaster. But giving out huge amounts of cash when people literally can't go out and spend it seems like a bad idea. It's like trying to force start an engine that is still submerged in water. Am I wrong in thinking this is going to lead to stagflation? What needs to happen is companies need to keep paying their employees regardless of if they are working or not
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Mar 17, 2020 19:14
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Harry Potter on Ice posted:What needs to happen is companies need to keep paying their employees regardless of if they are working or not If you give companies a ton of money with no strings, they aren't going to spend it all on their employees. Maybe not even a majority of it.
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Mar 17, 2020 19:18
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Baddog posted:If you give companies a ton of money with no strings, they aren't going to spend it all on their employees. Maybe not any of it. Take a look at the corporate tax cut that got passed a couple years ago. All kinds of promises that workers would benefit, then it all went into stock buybacks.
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Mar 17, 2020 19:20
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Woodchip posted:Nope, sky's the limit! Unless you're Boeing, then 7.87 is the Max. You're not getting enough love mate, good job.
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Mar 17, 2020 19:21
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saintonan posted:Maybe not any of it. Take a look at the corporate tax cut that got passed a couple years ago. All kinds of promises that workers would benefit, then it all went into stock buybacks. Yeah exactly. Throwing free money at corps is a good way for execs to get rich(er) and not much else.
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Mar 17, 2020 19:29
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Lote posted:Looked like a couple short positions got blown up / quickly covered for PENN and RRR so I shorted more. Also shorted some BYD for across the board shorts on mid level national casino stocks. This coronavirus stuff is gonna be the entire year. These companies all could go bankrupt because they’ve got heaps of debt What timeframes are you thinking at before their cashflow problems start being real obvious to investors?
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Mar 17, 2020 19:30
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Green day today. What are y'all feeling for tomorrow?
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Mar 17, 2020 19:40
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Almost everything is just going to go down until ??/??/????, nothing seems countercyclical enough to offset the overall market downturn, and even if we do hit the bottom, we have no idea when it will be. Making money before hitting the bottom (outside of betting on eventually getting back to pre-Feb levels) seems almost impossible here. How the gently caress do people make money on this short-term outside of sheer luck??? (I mean, I know the answer, but still.)GoGoGadgetChris posted:Green day today. Idk, red day? Maybe green day? We might be at the bottom, or we might not be. Maybe SPY will go down or up.
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Mar 17, 2020 19:40
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GoGoGadgetChris posted:Green day today. Red. I'm not playing right now though so this is purely a guess. I dont have any fun money on the line.
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Mar 17, 2020 19:41
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GoGoGadgetChris posted:Green day today. I have my eye on ADM. Big ethanol producer that has taken a hit in the oil war, could be a good time to buy in. Might also gently caress around with some nonsense biopharma stocks. I’ve daytraded HTBX 4 or 5 times, but it might get some actual traction since it ended up on some WHO list of trial vaccines.
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Mar 17, 2020 19:43
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What's left to be announced for economic recovery? So far, we have: - coronavirus emergency package with testing, SBA lending, etc. - $850b bailout package: cash to people (and companies) - fed QE - fed 0% - fed buying commercial paper - fed repo increases - fed swaps w/ foreign banks - hospitals gearing up - tax filing extensions - student loan interest waived - boeing bailout floated - airline bailouts floated - hotel bailouts floated - cruise bailots floated - casino bailouts discussed by admin (via twitter mostly) What else can be added to that list to help the fiscal situation other than just 'more money' to something already on the list? Nationalizing poo poo obama-style as it goes bankrupt?
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Mar 17, 2020 19:43
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Red. Picked up SPY puts today with april expiry.
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Mar 17, 2020 19:43
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GoGoGadgetChris posted:Green day today. Red, but I'm also surprised it's drifted this high today. I'm thinking 80% chance we are under where we are now on 04/01/20, or at least have gone under this maybe there's a rally on that exact day not going to try and guess that.
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Mar 17, 2020 19:43
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You missed banking reserve ratios going to 0 on your list.
nelson fucked around with this message at 19:49 on Mar 17, 2020 |
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Mar 17, 2020 19:46
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pmchem posted:What's left to be announced for economic recovery? Seems like it's all covered. Next horizon to me is a medication breakthrough. Next fall is someone really important getting the roni/dying.
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Mar 17, 2020 19:47
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I am amazed how quickly the administration is throwing money at all this. In 2008 it took like two weeks to sort out a $700B package. It feels like we're doing that every 48 hours, now. I know it's not quite the same thing, but I can't help but feel like they realize they don't have any control over the situation and they're just flailing.
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Mar 17, 2020 19:47
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Here’s a prediction: nothing’s going green longer than a single day at a time for weeks.
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Mar 17, 2020 19:50
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FreelanceSocialist posted:I am amazed how quickly the administration is throwing money at all this. In 2008 it took like two weeks to sort out a $700B package. It feels like we're doing that every 48 hours, now. I know it's not quite the same thing, but I can't help but feel like they realize they don't have any control over the situation and they're just flailing. All of this has to go through Congress. Take a look at how long the original "emergency" coronavirus package is taking to get approval. There's still a long way to go until any stimulus actually happens.
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Mar 17, 2020 19:52
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pmchem posted:What's left to be announced for economic recovery? So far, we have: European system completely collapses.
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Mar 17, 2020 19:52
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FreelanceSocialist posted:I am amazed how quickly the administration is throwing money at all this. In 2008 it took like two weeks to sort out a $700B package. It feels like we're doing that every 48 hours, now. I know it's not quite the same thing, but I can't help but feel like they realize they don't have any control over the situation and they're just flailing. Well, careful though. As of yet, nothing has passed Congress. There's been a lot of action from the Federal Reserve, which can act quicker, but at this moment there's been no fiscal response. I'm curious exactly what can get through the Senate. Guess we'll see.
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Mar 17, 2020 19:52
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fougera posted:European system completely collapses. I was looking for recovery actions, not collapse 
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Mar 17, 2020 19:54
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FreelanceSocialist posted:I am amazed how quickly the administration is throwing money at all this. In 2008 it took like two weeks to sort out a $700B package. It feels like we're doing that every 48 hours, now. I know it's not quite the same thing, but I can't help but feel like they realize they don't have any control over the situation and they're just flailing. the only thing trump cares about is how rich people like that he makes the number go up
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Mar 17, 2020 19:55
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Pollyanna posted:Let’s try figuring this out with a specific example. NCBDY is down -19.14%. Bandai-Namco isn’t a bad company as far as I can tell. Is there any reason I shouldn’t buy one of their shares? It’s currently cheap. I have no financial training, background, or any real knowledge of anything other than I watched Jim Cramer once for like 12 minutes. I will tell you there is no way I would touch a Consumer Leisure type stock right now. Granted I don't know anything about the gaming sector really. If you know they're about to launch the next Fortnite, and you're comfortable it's going to go through the roof, go for it. Absent that knowledge though, just because you think something is "cheap" right now, doesn't mean it is. Now if you have a good argument why it is, take that into consideration. I'm not really going to touch anything driven by discretionary consumer spending in the near term though. No restaurants, entertainment, etc.
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Mar 17, 2020 19:59
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Long TZA, short GM, UAL, AAPL into close and overnight.
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Mar 17, 2020 20:03
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