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Holy poo poo I just realized that my best short term strategy would have been to put all my money in Nintendo. 
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Apr 9, 2020 14:42
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Picked up a bunch of shares of UA while it was under 9, as well as a LEAP $10c. KSS coming in so hot gives me hope that they'll bounce a bit in the next few months.
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Apr 9, 2020 14:44
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SPY's going CHOOO CHOOO MOTHER FUCKER!!!
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Apr 9, 2020 14:45
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Lol, I think I might officially be back in the green in my retirement accounts.
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Apr 9, 2020 14:46
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This is basically numerology, but I also picked up a SPY 7/17 240p basically to hold over the weekend on the premise that historically, S&P falls day after Easter.  edit: I probably should have waited until the end of the day 
java fucked around with this message at 14:51 on Apr 9, 2020 |
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Apr 9, 2020 14:49
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SPY is gonna break 300 by end of April at this rate. https://brrr.money/
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Apr 9, 2020 14:52
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I just want to press fast-forward to see how this movie ends.
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Apr 9, 2020 14:52
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$spy only up 2% on news that the Fed is doubling its QE. Wasn’t it up like 10% last time?
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Apr 9, 2020 14:53
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Holding off on doing anything today. My trading signals say to go long on the next pullback but it just feels wrong that the market is going up. I kept trying to short the market yesterday with the same logic (with my signals saying go long) and got burned pretty bad by it.
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Apr 9, 2020 14:53
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java posted:This is basically numerology, but I also picked up a SPY 7/17 240p basically to hold over the weekend on the premise that historically, S&P falls day after Easter. I was thinking to go short over the weekend, but I don't think the number of body bags in new york matters anymore
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Apr 9, 2020 14:54
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Sepist posted:Holding off on doing anything today. My trading signals say to go long on the next pullback but it just feels wrong that the market is going up. I kept trying to short the market yesterday with the same logic (with my signals saying go long) and got burned pretty bad by it. pullback? buddy, number only go up
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Apr 9, 2020 14:56
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I'm only down $1000 today on puts expiring next Friday. This is fine. 
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Apr 9, 2020 14:56
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If it makes you feel better, my platform is so bogged down I can't sell anything
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Apr 9, 2020 15:00
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pmchem posted:SPY is gonna break 300 by end of April at this rate. 248 to 280 took four days. If we continue to just not have red days at all, we might be there next week. Hell, 290 today is not outside the realm of possibility. All while the actual economy is falling apart. It would be a wonder to behold of I weren't actively bleeding money on shorts.
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Apr 9, 2020 15:01
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Sepist posted:Holding off on doing anything today. My trading signals say to go long on the next pullback but it just feels wrong that the market is going up. Yeah, as the saying goes, gotta be fearful when everyone is being greedy. And this sure looks like people with FOMO desperately trying to get back on the bandwagon.
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Apr 9, 2020 15:01
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closed out my last 4/17 2900c at 2800, felt like picking up pennies in front of the steamrollered puts. How many more rabbits does the fed have to pull out of the hat?
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Apr 9, 2020 15:07
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Sepist posted:Holding off on doing anything today. My trading signals say to go long on the next pullback but it just feels wrong that the market is going up. I kept trying to short the market yesterday with the same logic (with my signals saying go long) and got burned pretty bad by it. These are my exact sentiments. At this point, my puts are so far in the red it doesn't even matter, and everything keeps climbing. I'm going to play to this dumb game with some calls for the next week and see how it shakes out.
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Apr 9, 2020 15:07
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enraged_camel posted:Yeah, as the saying goes, gotta be fearful when everyone is being greedy. And this sure looks like people with FOMO desperately trying to get back on the bandwagon. To me, sentiment on reddit and this thread looks like people being fearful (of an April regression) while Wall St. and the rich are being greedy (e.g. GS advice to its rich clients, the latest DIX numbers). Meanwhile the fed gives unlimited trillions to anything except directly buying stocks, which it cannot, legally. For now.
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Apr 9, 2020 15:09
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Doccykins posted:closed out my last 4/17 2900c at 2800, felt like picking up pennies in front of the steamrollered puts. How many more rabbits does the fed have to pull out of the hat? Technically, infinite rabbits. 
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Apr 9, 2020 15:09
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Freezer posted:248 to 280 took four days. If we continue to just not have red days at all, we might be there next week. Stock market != the economy. The stock market is just an impression/interpretation of what the economy is (or should preferably be).
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Apr 9, 2020 15:11
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This is not the straight up I expected actually from 2.3T being injected into the Russell 2000. The OPEC meeting is today, though, news of a deal from there would really get things moving up.
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Apr 9, 2020 15:11
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saintonan posted:This is not the straight up I expected actually from 2.3T being injected into the Russell 2000. The OPEC meeting is today, though, news of a deal from there would really get things moving up. what time is that thing at?
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Apr 9, 2020 15:13
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JPow was just asked on live TV if there "was any limit to how much money the Fed can lend or create" before bad things happen He dodged the question for a bit and then said "we can keep doing that" and "there's no limit of how much of that we can do" immediate follow-up asked about inflation JPow blew it off, referring go GFC of '08. Full MMT response. "not a first-order concern for us"
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Apr 9, 2020 15:14
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Jack Daniels posted:what time is that thing at? It started fifteen minutes ago, who knows how long it will last.
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Apr 9, 2020 15:15
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So we have an impending recession that looks like it’ll be worse than anything since the Great Depression and the market is roughly halfway back to its highest point ever after its recent crash. I guess the question is how long can the fed keep throwing money at poo poo? What happens when companies start to realise that efficiency and performance hardly matters because the fed will buy up your lovely junk bonds to keep you from going bankrupt? What breaks the cycle here?
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Apr 9, 2020 15:23
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gay picnic defence posted:I guess the question is how long can the fed keep throwing money at poo poo? What happens when companies start to realise that efficiency and performance hardly matters because the fed will buy up your lovely junk bonds to keep you from going bankrupt? What breaks the cycle here? Hyperinflation or the disconnection of the dollar from the world economy, either of which will make the 2008 recession look like good times.
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Apr 9, 2020 15:26
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gay picnic defence posted:So we have an impending recession that looks like it’ll be worse than anything since the Great Depression and the market is roughly halfway back to its highest point ever after its recent crash. JPow is answering those questions on live TV right now He said he'll do whatever it takes for as long as it takes. Literally his only constraint is the law, which does not exactly impose tight constraints.
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Apr 9, 2020 15:28
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VTIP is the new hotness :P
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Apr 9, 2020 15:30
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pmchem posted:"not a first-order concern for us" Translation: "I''ll be living on my private island before any of this poo poo I am throwing hits the fan. Good luck, suckers!"
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Apr 9, 2020 15:31
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Risky Bisquick posted:Moving entire cash portfolio into SPXL In @ 31.84 out @ 32.50 before 10. Looking for the right action to go long or short. Unlimited QE, literally oprah dollars raining on companies rn.
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Apr 9, 2020 15:32
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just keeps going and going
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How long before we start burning literal dollar bills to keep the house warm?
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Apr 9, 2020 15:33
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https://twitter.com/CNBCnow/status/1248257050582360064
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Apr 9, 2020 15:33
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Super green day incoming
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Apr 9, 2020 15:34
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Risky Bisquick posted:In @ 31.84 out @ 32.50 before 10. Looking for the right action to go long or short. Unlimited QE, literally oprah dollars raining on companies rn. Back in 32.29 gogogogo e: booooooo 32.50 stop Risky Bisquick fucked around with this message at 15:40 on Apr 9, 2020 |
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Apr 9, 2020 15:37
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I keep hearing that the mortgage industry is in a perfect storm thanks to the terrible timing of this pandemic. I wonder how it, or how much of it, will survive the year?
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Apr 9, 2020 15:39
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Jack Daniels posted:@ GreasyHands you still in APA ??? jfc...hitting 9.00 in PM now Still in APA, OXY, EAT, KSS... etc, life is good mah man.
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Apr 9, 2020 15:40
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We're watching the most blatant, ridiculous upward transfer of wealth possible as millions go unemployed and the fed gobbles everything up This poo poo is gonna result in revolution
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Apr 9, 2020 15:40
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orange sky posted:We're watching the most blatant, ridiculous upward transfer of wealth possible as millions go unemployed and the fed gobbles everything up So you're saying calls on $GUNS and $AMMO?
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Apr 9, 2020 15:42
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Grouchio posted:I keep hearing that the mortgage industry is in a perfect storm thanks to the terrible timing of this pandemic. I wonder how it, or how much of it, will survive the year? I mean, how can you possibly doubt that the Fed and Treasury will shovel however many trillions they need to shovel at it in order to keep mortgage companies afloat?
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Apr 9, 2020 15:42
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LQD has now fully recovered. Everything is fine.
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Apr 9, 2020 15:43
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