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I'm not in AZ. I'm in Chi. My third interview is Monday (weird day for it, but we're both off) so I'm not sure if I'm gonna be taking over an existing book or creating my own (assuming I'm starting from scratch). I'd assume I'm gonna be starting my own with the option of buying out a failed FA's book, but I'll know more once I solidify everything. Honestly, it's just whether I want to deal with losing/gaining peoples entire life. As a banker it's easy, but going back to being an FA is gonna be a lot harder mentally. I don't get personally involved with things as a banker (I'll obviously step in and waive things when I can), but theres only so much I can do. When I was an FA I'd take everything personally. Any slight to my clients was a slight to me. I've had a really rough year last year, personally. I'm just afraid that if I decide to take this step, that I'm gonna be colder than I should be for a while.
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Jan 14, 2018 19:39
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pmchem posted:NVidia has a P/E ratio of ~54 right now. Haven’t “normal” P/E ratios trended up over time so you can’t compare historically?
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Jan 14, 2018 19:41
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Sorry, I misread. So basically you're staying in Chicago, just switching from banking to advising? My buddy that's an advisor recently moved (firms) from STL to SF and made up the difference by buying a retiring advisor's book. It was a lot of money, but it's paid over 3 or 4 years. I'm not sure on the exact details, but he's a good enough friend I would have no problems digging if you'd like. I think it's definitely worth looking into to help offset your loss in salary.
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Jan 14, 2018 20:10
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pmchem posted:NVidia has a P/E ratio of ~54 right now. 50 PE is pricing in about 50% growth (historically). They actually justified that last year because they grew top line 40% and bottom line 300% from 2016. But also keep in mind the risk free return right now is 1.4%. During the 90's it was between 3% and 6%. So you should expect to pay more for equities. How will NVDA PE come down? If all things go right, the E goes up, and the P doesn't go up as much. The earnings growth has to slow down eventually, and as it slows, the multiple will lower accordingly, until it stabilizes. Basically just look at Apple, or Microsoft, or any large tech company. Or earnings stop growing at the expected rate, and the price adjust accordingly. Stock split, uh, doesn't mean anything.
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Jan 14, 2018 23:29
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So I should be heating my house with graphics cards? Do I burn them or what?
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Jan 15, 2018 14:54
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Just 
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Jan 15, 2018 16:03
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Go Weed Go 
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Jan 15, 2018 16:14
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Risky Bisquick posted:Go Weed Go weed stocks are back baby
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Jan 15, 2018 19:43
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weeeeed
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Jan 15, 2018 20:16
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b- b- butt the market is closed today 
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Jan 16, 2018 00:54
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Jack Daniels posted:b- b- butt the market is closed today Weedcoin never closes
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Jan 16, 2018 00:55
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Jack Daniels posted:b- b- butt the market is closed today not the weed market aka the tsx
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Jan 16, 2018 13:43
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I think Kodak collocates them but there will probably soon be a million of them for sale on ebay I will keep my eyes open.
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Jan 16, 2018 16:25
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Always bet on green.
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Jan 16, 2018 16:55
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Crypto going down the shitter today. Couldn't happen to a more deserving group of traders
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Jan 16, 2018 17:19
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Weed will see me through this cryptocrisis.
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Jan 16, 2018 17:56
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Jamfrost posted:Weed will see me through this cryptocrisis. Also weed stocks
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Jan 16, 2018 17:59
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More Weed ETFs coming: 2 New Marijuana ETFs Coming
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Jan 16, 2018 18:02
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drat $HAWK up 23%. i was this close to buying them a couple weeks ago
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Jan 16, 2018 18:18
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Jamfrost posted:Weed will see me through this cryptocrisis. 
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Jan 16, 2018 18:18
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Rocks posted:drat $HAWK up 23%. i was this close to buying them a couple weeks ago I swung it last week for a small profit. Set my alert to buy back at $38, then this.
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Jan 16, 2018 18:20
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Ended up selling my SPX calls today since it's been nearly impossible to concentrate at work. Starting the year off with a $50k gain is a nice change of pace. Was thinking of selling them earlier this morning when I hit that 1000% return, but got greedy. Oh well. In other news, interesting volume on KODK 10 calls: https://finance.yahoo.com/quote/KODK/options?p=KODK
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Jan 16, 2018 20:02
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Harry posted:Ended up selling my SPX calls today since it's been nearly impossible to concentrate at work. Starting the year off with a $50k gain is a nice change of pace. Was thinking of selling them earlier this morning when I hit that 1000% return, but got greedy. Oh well. That's massive volume. Any idea why? People really expect it to jump 20% in 2 days?
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Jan 16, 2018 20:17
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jvick posted:That's massive volume. Any idea why? People really expect it to jump 20% in 2 days?
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Jan 16, 2018 20:18
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Harry posted:Ended up selling my SPX calls today since it's been nearly impossible to concentrate at work. Starting the year off with a $50k gain is a nice change of pace. Was thinking of selling them earlier this morning when I hit that 1000% return, but got greedy. Oh well. Congrats on the gains, I found a guy on wallstreetbets with the same idea. 
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Jan 16, 2018 20:23
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Risky Bisquick posted:Congrats on the gains, I found a guy on wallstreetbets with the same idea. I need to learn to option trade. This is ridiculous.
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Jan 16, 2018 20:26
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It goes the other way too 😉 But yeah, when you hit on an options bet oooohh it feels so good.
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Jan 16, 2018 20:34
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$KODK People are buying a ton of 19-Jan-18 10.00 Calls today  $KODK - Continue the short, what a dumpster fire
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Jan 16, 2018 20:40
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Options, huh? Any opinions on Robinhood for options trading?
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Jan 16, 2018 20:50
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Risky Bisquick posted:Congrats on the gains, I found a guy on wallstreetbets with the same idea. I was pretty much just copying him. He's actually up like 2-3 million since he started buying OTM calls before thanksgiving.
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Jan 16, 2018 21:09
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Harry posted:I was pretty much just copying him. He's actually up like 2-3 million since he started buying OTM calls before thanksgiving. 
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Jan 16, 2018 21:11
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jvick posted:End of Week 1 for the Goon ETF. Can we ditch GE and replace it with INTC tomorrow? GE is dead, INTC news overblown.
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Jan 16, 2018 22:30
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dougdrums posted:Can we ditch GE and replace it with INTC tomorrow? GE is dead, INTC news overblown. I could see INTC treading water for a while. But then again, GE is dead.
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Jan 16, 2018 22:30
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dougdrums posted:Can we ditch GE and replace it with INTC tomorrow? GE is dead, INTC news overblown. That's fine with me. I'm just simply placing the trades, as long as a few others agree.
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Jan 17, 2018 01:55
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Harry posted:I could see INTC treading water for a while. But then again, GE is dead. Would you recommend a short or put option on GE instead?
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Jan 17, 2018 02:02
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Uh whatever is reasonable for jan 18.5 call and jun 16 put? It will be a learning experience. Also can we get MJX 4/20 calls? I did not know we could get options. dougdrums fucked around with this message at 02:30 on Jan 17, 2018 |
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Jan 17, 2018 02:25
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How can anyone have a price target on GE when 1) they’ve been trying to sell off their “low margin” businesses for like 3 years and their margins keep going down, like they don’t even know what businesses make what money; and 2) they just periodically discover billions of dollars of losses/writedowns? They guided for $3 billion on reinsurance reserve provision in November, $6 billion today. Company’s a mess but it’s not an understandable mess, I wouldn’t touch it long or short.
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Jan 17, 2018 02:48
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lmao @BagholderQuotes is having a field day with the crypto dump  https://twitter.com/BagholderQuotes
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Jan 17, 2018 04:15
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jvick posted:Would you recommend a short or put option on GE instead? I avoid stocks that seem to be circling oblivion. The slightest bit of hope causes them to soar, and shorting fees are generally too expensive. Not entirely similar, but SHLD is a good example. It could easily take another year or two to die. Just look at the Jan 2019 options. Puts at a strike of $3 are 1.50. That means it has to half to break even. And as Tokyo Sex Whale said, accounting trickery can cause this thing to go up for no apparent reason whenever some HF or PE group needs it to.
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Jan 17, 2018 04:57
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Jesus gently caress, GE. What a blood bath. I'm glad it's goon pretend money and not my real money.
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Jan 17, 2018 14:37
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