|
shame on an IGA posted:thirsty flight sim nerds getting their first piece in 15 years plus they built a DLC storefront so they'll finally get a percentage of the third-party addons no fuckin way microsoft flight sim moves any needle at microsoft
|
#
?
Jul 31, 2020 08:25
|
|
|
|
| # ? Jun 7, 2024 20:44 |
|
|
bob dobbs is dead posted:no fuckin way microsoft flight sim moves any needle at microsoft I'm a hardcore flight sim nerd and I couldn't agree more. It doesn't matter one bit. I doubt they will even make a profit on it. decypher posted:Can I buy an Apple stock tomorrow and get 3 more whenever the stock splits? When’s the cutoff? If that deadline hasn’t already passed, what’s to stop someone from buying a boat load in anticipation of the split? Will this move create more outstanding shares? If it does not, what’s to stop the stock from moving at the clip it was moving at before the split? Are stock splits in this direction really good for current investors? Adding to the choir here, but it doesn't matter. They split 7 for 1 in 2014 as well, nobody remembers because it didn't matter then either. There will be one day of people going nuts on Twitter because their app shows a big gain or loss due to the app not handling the split properly, then everyone will forget about it and think it was always like that.
|
|
#
?
Jul 31, 2020 08:32
|
|
|
I wonder how the Q3 mortgage industry will fare compared to Q2. There's been record volume up in New England.
|
|
#
?
Jul 31, 2020 09:52
|
|
|
decypher posted:Can I buy an Apple stock tomorrow and get 3 more whenever the stock splits? When’s the cutoff? If that deadline hasn’t already passed, what’s to stop someone from buying a boat load in anticipation of the split? Will this move create more outstanding shares? If it does not, what’s to stop the stock from moving at the clip it was moving at before the split? Are stock splits in this direction really good for current investors? Aug 24 is the cutoff date. The split happens and shares resume trading Aug 31. While this is a cosmetic change investors like stock splits so there tends to be a short term bump (which already happened). It also affects Apple’s weight in the Dow which will change how that index moves going forward. This shouldn’t matter either. But for some reason, the DJIA is still quoted as a meaningful measure of the health of the market.
|
|
#
?
Jul 31, 2020 10:11
|
|
|
XLNX from what I gather is low volatility, so just gonna hold and not worry. I still wish I bought AMD when I asked. And mostly just held TUP through earnings. But can't win em all and seriously TUP made up for a lot.
|
|
#
?
Jul 31, 2020 12:10
|
|
|
I bought a single Pinterest call yesterday because the rest of tech is blowing up after earnings and I made a joke to my friends that “all those banana bread recipes have to count for something, right?” Well uh, looks like they did count for something. Should’ve bought more.
|
|
#
?
Jul 31, 2020 15:05
|
|
|
numberoneposter posted:XLNX from what I gather is low volatility, so just gonna hold and not worry. Long, long, long XLNX. It got too expensive / bubbled around $115 (and I did buy more) but I've been shoveling it into my account on each dip, Huawei shitfit, or trade war rumor.
|
|
#
?
Jul 31, 2020 18:33
|
|
|
Grouchio posted:I wonder how the Q3 mortgage industry will fare compared to Q2. There's been record volume up in New England. Still record volume out west too, as long as people keep their jobs and the UI kicker comes back it should be OK in the near/mid term. Neither of those are guaranteed though, and there will be a point where you can't do any more refinances.
|
|
#
?
Aug 1, 2020 02:45
|
|
|
tumblr hype man posted:Still record volume out west too, as long as people keep their jobs and the UI kicker comes back it should be OK in the near/mid term. Neither of those are guaranteed though, and there will be a point where you can't do any more refinances. I am not so sure. People have had mortgage deferrals, extra UI, and in a lot of places eviction court freezes. All that is going away in the next month or so and I really think there will be a big impact. My wife and I almost put in an offer on a house this week, but we've decided to wait a few months and see what happens.
|
|
#
?
Aug 1, 2020 03:54
|
|
|
Guess who bought like 11 grand of QQQ at market open and held it juuuuuuust to the third dip, then sold, then watched it climb steadily up for the rest of the day (it me)
|
|
#
?
Aug 1, 2020 05:41
|
|
|
D-Pad posted:I am not so sure. People have had mortgage deferrals, extra UI, and in a lot of places eviction court freezes. All that is going away in the next month or so and I really think there will be a big impact. My wife and I almost put in an offer on a house this week, but we've decided to wait a few months and see what happens. lol if none of that gets renewed nothing matters anymore.
|
|
#
?
Aug 1, 2020 05:47
|
|
|
tumblr hype man posted:lol if none of that gets renewed nothing matters anymore. I think it is going to get really bad. If you really want to be scared check out this article. It's pretty much the same thing as 2008 but worse: https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/
|
|
#
?
Aug 1, 2020 06:05
|
|
|
tumblr hype man posted:lol if none of that gets renewed nothing matters anymore. 
|
|
#
?
Aug 1, 2020 06:42
|
|
|
Two plays I'm considering next week for earnings are on twitter/Square or Disney. Hard to read both, part of me says that twitter should have more revenue from people being on social media more often, but Disney is still Disney.
|
|
#
?
Aug 1, 2020 07:23
|
|
|
D-Pad posted:I think it is going to get really bad. Yea I've read that, and its a very bad article. You can read why here, https://nathantankus.substack.com/p/is-there-really-a-looming-bank-collapse then there's his response to Portnoy's response as well, here https://nathantankus.substack.com/p/worst-case-scenario-or-inconsistent We'll see how negotiations go in congress.
|
|
#
?
Aug 1, 2020 13:51
|
|
|
Baddog posted:Also you will never get rich selling your winners early. I think this is a net harmful quip. It focuses on gambling mindset way more than technique mindset; if you develop a positive e.v. strategy that is repeatable, and you recognize the conditions necessary for it to be positive e.v., then you repeat it and make a profit while the conditions hold, and can increase your invested amount to compound your gains. If you're looking at profitable positions as total random chance, and you focus your attention on maximizing their return, then you're minimizing the probability you sell, and if you don't sell when it's profitable, you sell when it's unprofitable.
|
|
#
?
Aug 1, 2020 14:26
|
|
|
Dwight Eisenhower posted:I think this is a net harmful quip. It focuses on gambling mindset way more than technique mindset; if you develop a positive e.v. strategy that is repeatable, and you recognize the conditions necessary for it to be positive e.v., then you repeat it and make a profit while the conditions hold, and can increase your invested amount to compound your gains. Well sure, it's just a throwaway response to the "never go broke taking gains" quip. I don't think it's "net negative" though. This thing isn't completely random - selling early when you've gotten into a company that is executing above expectations and is just crushing it .... That is in fact a recipe for never making real money.
|
|
#
?
Aug 1, 2020 16:46
|
|
|
tumblr hype man posted:Yea I've read that, and its a very bad article. You can read why here, https://nathantankus.substack.com/p/is-there-really-a-looming-bank-collapse then there's his response to Portnoy's response as well, here https://nathantankus.substack.com/p/worst-case-scenario-or-inconsistent Nathan makes some good points, but he doesn't adequately address all of the concerns including all the off the books and "missing" CLOs. The mention of how exposed insurance companies are is troubling as well, are we in a situation where the banks would take a big hit but survive but all the big insurance companies would be in the situation the banks were in in 2008? Portnoy isn't the only one sounding the alarm about this either: https://jsf.pm-research.com/content/26/1/8 Overall, I do like Nathan's point that if these worst case scenarios happen their will be a whole lot more issues than just CLOs and that CLOs alone won't be the cause of bank failure. Ultimately, I am not an expert so I can see good points and analysis on both sides and simply don't have the expertise to come down fully on one side or the other, however, I do know that we did not adequately address the 2008 crisis and that all the same greedy assholes are doing the same greedy rear end in a top hat things. The market is completely divested from reality and we are absolutely in a bubble that is going to pop at some point. CLOs may not be the combustible material that Portnoy thinks they are, but I am sure there is some somewhere and it's likely to go up in flames at some point with the current crisis we are facing.
|
|
#
?
Aug 1, 2020 17:06
|
|
|
Tankus is okay but he's famous for being a gen z (or maybe millenial? idk the cutoff) who talks central bank and got interviewed by bloomberg journos. Dude never finished his degree and is mainly popular for taking ultra-left / "woke" positions on issues, such as minting multiple trillion dollar coins to spur inflation and finance the federal budget (instead of using T-bonds).
|
|
#
?
Aug 1, 2020 18:55
|
|
|
lotta hft peeps got rich selling 500 microsecs after buying
|
|
#
?
Aug 1, 2020 19:08
|
|
|
Isn't one of the main sources for the current bubble an influx of amateur day traders stuck at home from covid?
|
|
#
?
Aug 1, 2020 19:18
|
|
|
These are my plays for next week. TTWO 8/7 Put Credit Spread $143/142 - 2 Contracts (Risk $200 - Reward $40) (Current price $164.02) ROKU 8/7 Put Credit Spread $141/140 - 3 Contracts (Risk $300 - Reward $90) (Current price $155.01) NET 8/7 Put Credit Spread $34/35 - 1 Contract (Risk $100 - Reward $20) (Current price $41.85) WYNN 8/7 Call Credit Spread $78/78.5 - 1 Contract (Risk $50 - Reward $38) (Current price $72.57) WMT 8/14 Iron Condor $134/124 - 1 Contract (Risk $100 - Reward $42) (Current price $129.--20) If it wasn't obvious, my strategy general goes for bullish or stocks with high win % and small wins. The Wynn short is basically just betting against casinos in a covid-19 Las Vegas. Take Two should hopefully benefit from people sitting around playing video games and buying GTA Online expansions with their $1200 checks and TTWO just seems to be a very competently run company in general. Roku as well I'm thinking will benefit off of people spending that stimulus money on TVs and sitting around watching Netflix. Wynn is a casino, and I'm bearish on casinos for obvious reasons. No clue at all whether or not any of these are going to get filled at the current ask/bid. Hopefully on Monday a lot of fresh money comes into these options and someone picks them up. If they don't get filled at open on Monday I'll probably adjust my strikes to try and get fills near the same premiums. AHH F/UGH fucked around with this message at 02:53 on Aug 2, 2020 |
|
#
?
Aug 1, 2020 19:36
|
|
|
Grouchio posted:Isn't one of the main sources for the current bubble an influx of amateur day traders stuck at home from covid? Is it? Are there that many people day trading versus just saving more and maybe increasing their 401k contributions/etc?
|
|
#
?
Aug 1, 2020 20:26
|
|
|
pixaal posted:Kodac is most known for film chemicals, that needs chemists drugs need the same chemist skills. It shouldn't be too bad to transition. Fujifilm has been successful doing the same thing.
|
|
#
?
Aug 1, 2020 20:27
|
|
|
Residency Evil posted:Is it? Are there that many people day trading versus just saving more and maybe increasing their 401k contributions/etc? It could just be the increased retail volume loving with all the computers that actually run the market. What it probably actually is is treasuries basically being at 0% real yield and near the theoretical floor pushing money into equities.
|
|
#
?
Aug 2, 2020 05:57
|
|
|
Residency Evil posted:Is it? Are there that many people day trading versus just saving more and maybe increasing their 401k contributions/etc?
|
|
#
?
Aug 2, 2020 06:15
|
|
|
Grouchio posted:See for yourself. Makes sense when you're cooped up with little productivity to do. I have been a journalist. Here is a joke we tell about ourselves: How does a journalist count? “One, Two, Trend” That story is entirely loosely linked anecdotes. The only evidence it gives for a surge in users is quote:Online brokers - Charles Schwab, TD Ameritrade, Etrade and Robinhood - together saw more than 4.5 million new accounts in the first three months of the year, with many opened at the height of market fears in March. What it doesn’t do is put that number in context. Is 4.5 million a lot? What was the rate of new accounts in Q4 2019 or Q1 2019? The story doesn’t say. quote:Robinhood said it had grown rapidly in 2020, having added three million funded accounts so far this year. The Silicon Valley startup, mostly used by millennials to trade stocks and cryptocurrency, said in December 2019 it had hit 10 million accounts milestone, up from its one million subscribers in 2016 and six million accounts in 2018. This story does a better job of putting numbers in context. https://www.wsj.com/articles/everyones-a-day-trader-now-11595649609 quote:Trades this year by individual investors more than doubled the usual level of retail activity, said Joseph Mecane, head of execution services at market maker Citadel Securities. Individuals now account for a fifth of all stock-market activity and a quarter during the busiest sessions, he added. Amazing quote:Barclays examined trades by Robinhood customers between March and early June and concluded that the more they bought a specific stock, the worse that stock performed (To give you a picture of how lazy the financial news sector is, here is a story from CNBC still pegging Robinhood at 10 million users, published June 2020 https://www.cnbc.com/2020/06/17/robinhood-drives-retail-trading-renaissance-during-markets-wild-ride.html) doingitwrong fucked around with this message at 12:35 on Aug 2, 2020 |
|
#
?
Aug 2, 2020 12:28
|
|
|
My financial adviser is an Edward D Jones straight out of college office worker. He tries to get me to call him every 6 months or so to check in. I really don't know anything about finance or business. I'm pretty much a working class (I work for my paycheck every week). I do pretty good, I think. Should I really educate myself in regard to finance? As in, read all the books in the OP. I'm not sure how I would benefit. Most of my money is just sitting in a savings account with no interest, except for the Roth I max out ever year. Aren't stocks basically gambling.
|
|
#
?
Aug 2, 2020 15:00
|
|
|
excellent bird guy posted:My financial adviser is an Edward D Jones straight out of college office worker. He tries to get me to call him every 6 months or so to check in. I really don't know anything about finance or business. I'm pretty much a working class (I work for my paycheck every week). I do pretty good, I think. Should I really educate myself in regard to finance? As in, read all the books in the OP. I'm not sure how I would benefit. Most of my money is just sitting in a savings account with no interest, except for the Roth I max out ever year. Aren't stocks basically gambling. You should check out this thread. Don't invest in individual stocks. Don't do anything we do in this thread. We're gambling, here. e: Especially don't do anything officeparty says FreelanceSocialist fucked around with this message at 15:19 on Aug 2, 2020 |
|
#
?
Aug 2, 2020 15:07
|
|
|
Don’t listen to this man ^ First you’re gonna want to download robinhood from the games section of the app store, then
|
|
#
?
Aug 2, 2020 15:11
|
|
|
FreelanceSocialist posted:You should check out this thread. Don't invest in individual stocks. Don't do anything we do in this thread. We're gambling, here. Seconding this, and also get your money out of Edward loving Jones before they convince you to piss away 5+ percent of your money on front loaded mutual funds. The long-term thread will advise you accordingly, but in the meantime dont listen to a word from any of their "advisers."
|
|
#
?
Aug 2, 2020 15:14
|
|
|
flowinprose posted:Seconding this, and also get your money out of Edward loving Jones before they convince you to piss away 5+ percent of your money on front loaded mutual funds. The long-term thread will advise you accordingly, but in the meantime dont listen to a word from any of their "advisers." But how will he become the client in one of their ads, a gray-haired fox in his mid-late 50s, wearing a suit and walking in to the Edward Jones office with his tastefully-younger wife, all thanks to investing with Edward Jones over the years? 
|
|
#
?
Aug 2, 2020 15:31
|
|
|
Credit cards, Craigslist, and Men's Warehouse clearance sales - since that's how I assume Edward Jones' customer base actually achieves all of that.
|
|
#
?
Aug 2, 2020 15:47
|
|
|
FreelanceSocialist posted:You should check out this thread. Don't invest in individual stocks. Don't do anything we do in this thread. We're gambling, here. Much appreciated goonsire
|
|
#
?
Aug 2, 2020 15:56
|
|
|
I think the old long term investing thread title used to be "gently caress Edward jones", maybe we should change it back to that.
|
|
#
?
Aug 2, 2020 16:18
|
|
|
moana posted:I think the old long term investing thread title used to be "gently caress Edward jones", maybe we should change it back to that. I still think their retail presence is impressive-- they're loving everywhere. And they know a lot about general long-term investing and break it down pretty well for John Everyman. So long as you don't let them scam you into investing in anything, talking to them about a mutual fund or IRAs will elucidate a lot of it for you. DO NOT INVEST WITH EDWARD JONES
|
|
#
?
Aug 2, 2020 16:22
|
|
|
FreelanceSocialist posted:Credit cards, Craigslist, and Men's Warehouse clearance sales - since that's how I assume Edward Jones' customer base actually achieves all of that. Forgive me, I have no idea what the actual Edward Jones demographic is.
|
|
#
?
Aug 2, 2020 17:46
|
|
|
jokes posted:I still think their retail presence is impressive-- they're loving everywhere. Well, they can have an office on every corner because they are murdering all their clients with those fees. I'm still trying to get a beneficiary IRA moved out from under them so I can sell the godawful mutual fund they put my dad into, w/o paying a couple percent to do it. Its been loving months of paperwork. gently caress Ed Jones. Don't like pointing people to the "long term head in sand shut up and buy" thread anymore. I can tell people to open an account with vanguard and put money into VOO and a little BND just as easily right here. Most over there will tell him to put nearly all of his cash right into the market on monday, at near all time highs, in the middle of the worst loving disaster to hit the US in our lifetime. Gotta be a little smarter than that and ease into it at least, while maintaining a monster size cash cushion or some other form of hedge. Multiple forms of hedges. You need risk management, especially right now.
|
|
#
?
Aug 2, 2020 18:30
|
|
|
How much bitcoin should he buy
|
|
#
?
Aug 2, 2020 18:39
|
|
|
|
| # ? Jun 7, 2024 20:44 |
|
|
GoGoGadgetChris posted:How much bitcoin should he buy Depends on his credit limit and how many cards he has, really
|
|
#
?
Aug 2, 2020 18:57
|
|