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Ola posted:This makes me feel really bad for Billy who is getting pimped out for pocket change at Ikea. Haha holy poo poo. Man, puts on wayfair are too expensive to gamble on this....
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Jul 10, 2020 20:57
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Is this the new pizza gate?
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Jul 10, 2020 21:12
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swing long some UAL and AAL  https://finviz.com/screener.ashx?v=341&t=UAL,AAL&ta=0
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Jul 10, 2020 21:14
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Did all these travel companies seriously pop because remdesivir is okay-ish at preventing death for the sickest covid patients? Or did I miss something else today. Like spending only 10 days in the hospital instead of 14 really doesn't seem like it should move the needle for travel opening up.
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Jul 10, 2020 21:36
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Foma posted:Is this the new pizza gate? maybe, who knows
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Jul 10, 2020 21:38
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I sense a business opportunity for selling actual throw pillows with child names for $20,000. Pristine Billy Throw pillow set Ethically sourced and all natural filling $24,999
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Jul 10, 2020 22:26
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Artonos posted:Did all these travel companies seriously pop because remdesivir is okay-ish at preventing death for the sickest covid patients? Or did I miss something else today. Like spending only 10 days in the hospital instead of 14 really doesn't seem like it should move the needle for travel opening up. today was a big momentum unwind day. meaning many stocks that are beaten up went up and vice versa.
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Jul 10, 2020 23:16
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yes, we were just unwinding momentum today
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Jul 11, 2020 01:35
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You could buy the 7/10 1500C for as low as .24 today. At 3:30 it was 48.12 Also if the cabinets are industrial grade, fine, but why are those throw pillows so expensive? I mean unless someone did a View Source in which case lol AHH F/UGH fucked around with this message at 04:19 on Jul 11, 2020 |
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Jul 11, 2020 04:17
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I am pretty sure I have those cabinets in the office at work (not filled with kidnapped children) and we paid under a grand each, delivered. And they came flat-packed.
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Jul 11, 2020 15:25
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FreelanceSocialist posted:I am pretty sure I have those cabinets in the office at work (not filled with kidnapped children) and we paid under a grand each, delivered. And they came flat-packed. You monster.
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Jul 12, 2020 05:34
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How do you all approach valuation of a company? Do any of you follow a specific scheme or analysis formula when trying to determine what a company's market cap _should_ be?
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Jul 12, 2020 22:04
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Historically companies have been around 10-15 P/E depending on the sector. Multiple that expected value times the shares outstanding and you get the market cap. McDonalds is trading at a P/E of 24 for the trailing 12 months. They should probably be trading at a lower price. Lote fucked around with this message at 22:29 on Jul 12, 2020 |
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Jul 12, 2020 22:25
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I know it's a bit of a meme joke but I'm increasingly beginning to suspect fundamentals don't matter as much anymore. This probably won't end well, but hey, it's a heck of a ride.
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Jul 12, 2020 23:03
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Fundamentals (specifically earnings and revenue multiples) stopped mattering when the fed signaled no end to what measures they would take. Also a short term collapse in earnings/rev withe a relatively visible end date makes multiples of forward 1 year numbers matter even less.
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Jul 12, 2020 23:08
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The Butcher posted:I know it's a bit of a meme joke but I'm increasingly beginning to suspect fundamentals don't matter as much anymore. You'd expect that there is a linear relationship between the performance of Berkshire Hathaway and the relevance of fundamentals.
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Jul 12, 2020 23:39
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Lote posted:I sense a business opportunity for selling actual throw pillows with child names for $20,000. Unironically this is not a bad idea with different prices. Sounds like drop shipping 101 if you could source it.
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Jul 13, 2020 01:10
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Nasdaq up 50 points already premarket with 15 hours until cash open. Good news for my UPWK, ZNGA and NIO calls.
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Jul 13, 2020 01:47
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intuit is up 15% YTD h&r block is down 40% they’re both tax prep software / personal finance companies. why the huge divergence between the two? what’s going on at h&r block?
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Jul 13, 2020 02:59
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intuit owns mint and quickbooks and poo poo. also everyone knows about turbotax but what on earth does hr block have.
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Jul 13, 2020 03:04
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H&R Block is a tax prep service company. Intuit is SAAS.
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Jul 13, 2020 05:28
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TSLA bubble is trying to outdo the bitcoin bubble.
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Jul 13, 2020 13:46
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I have a single share of TSLA and can't decide if I should sell or just ride it into valhalla
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Jul 13, 2020 14:02
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Sell after earnings. They’re posting a profit this quarter and will get listed in the S&P
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Jul 13, 2020 14:37
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Still holding FSLY, GOOGL, NFLX august calls but moving my trailing stop loss up since I am over 100% now. I had loving TSLA 2k last week sold it for pennies.
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Jul 13, 2020 14:41
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I remember having a couple of hundred shares of TSLA a few years I chuckled after it got stuck sideways for a bit. I sold for a gain at the time....
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Jul 13, 2020 14:52
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Not gonna bother shorting this market unless I see momentum shift or vix get below 20 again. Gonna just stay long via options and rerolling.
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Jul 13, 2020 15:01
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Tech is unstoppable. Tech. is. unstoppable. Tech.
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Jul 13, 2020 15:05
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yeah jesus they owning my rear end here lmao 
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Jul 13, 2020 15:45
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Rip Testes posted:I remember having a couple of hundred shares of TSLA a few years I chuckled after it got stuck sideways for a bit. I sold for a gain at the time.... I sold 200 shares of AAPL at $90...I'm sure we all have stories like this.
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Jul 13, 2020 15:56
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I owned something like 1,000 shares of NVDA at about $9/share.
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Jul 13, 2020 16:12
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Well, my SPY puts didn't pan out. I have to pull a bunch of cash out of my gambling account to pay for some responsible adult things so I think I'm going to be on the daytrading sidelines for a week or two.
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Jul 13, 2020 16:15
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Jack Daniels posted:yeah jesus they owning my rear end here lmao https://twitter.com/evdefender/status/1282669642549465088?s=20
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Jul 13, 2020 16:25
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 I have 2. Was planning on holding through earnings... This is gonna be tough
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Jul 13, 2020 16:45
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FreelanceSocialist posted:Well, my SPY puts didn't pan out. I have to pull a bunch of cash out of my gambling account to pay for some responsible adult things so I think I'm going to be on the daytrading sidelines for a week or two. Don't buy puts versus this type of momentum. Especially SPY puts, it's easier to short the market through vol given the % moves you can get even if spy isn't down like today. VIX up 3% on almost 0 pullback.
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Jul 13, 2020 16:52
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The smart money during a bubble isn't to FOMO and buy into it, it's to sell lottery tickets to the hapless losers who think that TSLA will crater. I've been writing put credit spreads for poo poo like $800 7/17 calls that idiots who think that the company will lose more than half of its value in 4 days during the strongest bull run of its history. Unless it comes out that Tesla cars give their owners anal cancer, it's like selling a scratch-it lottery ticket to a gambling addicted fiend. Some people just have an extra $50 in their buying power and throw out a random 1 contract put on a meme stock and it just expires. It's awesome to see my account just getting filled with money every day more and more, as long as you stick to meme stocks and FOMO-heavy equities, you basically can't lose because you're stealing money from ape men who want to play the fringes.
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Jul 13, 2020 17:23
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AHH F/UGH posted:The smart money during a bubble isn't to FOMO and buy into it, it's to sell lottery tickets to the hapless losers who think that TSLA will crater.
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Jul 13, 2020 17:31
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AHH F/UGH posted:The smart money during a bubble isn't to FOMO and buy into it, it's to sell lottery tickets to the hapless losers who think that TSLA will crater. you know what, that's a great plan. I'm looking at puts right now and there is HUGE volume on TSLA 1000p 7/17. But the problem is that in my fun money allocation I can't write CSP's on those because TSLA itself is bonkers valuation. I'd need margin. 
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Jul 13, 2020 17:38
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Josh Lyman posted:Why sell spreads and not just straight DOTM puts? Protection from freak of nature events (i.e. it's discovered that Teslas give you cancer), and the collateral you need for straight puts is way higher than a spread where you just need enough to cover the difference in price for 100 shares of two very close strikes, minus the premium you collected I'll take risking $200 to make $40 if the probability of winning is 95% any day of the week, but with meme stocks it really is more like 99.9% chance of winning. pmchem posted:you know what, that's a great plan. I wrote most of my put credit spreads for $NIO and $AMD which have a lot lower stock prices so the collateral is a lot more reasonable, I only have 2 put credit spreads for TSLA because I can't afford any more than that. AHH F/UGH fucked around with this message at 17:46 on Jul 13, 2020 |
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Jul 13, 2020 17:42
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| # ? May 21, 2024 05:27 |
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The problem with Tesla is everyone is trying to short it. To do that, they have to buy shares and lend them out. So even by shorting it they are causing the price to increase. I think the only way the stock goes down is when people stop talking about it, that's when shorts will be vindicated.
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Jul 13, 2020 18:04
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