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DoubleT2172
Sep 24, 2007

Might buy 5 Rivian shares as lottery tickets. Worked for me with Tesla and I'm up 500% on that

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DoubleT2172
Sep 24, 2007

Do we know what day they're listing at yet?

DoubleT2172
Sep 24, 2007

Femtosecond posted:

So who is gonna get Rivian at IPO?????? Dare I make the same mistake twice....

I'll likely just grab 5-10 shares as a lotto ticket as long as it doesn't open at like $150 or something

DoubleT2172
Sep 24, 2007

Now Rivian indicating $120/share lol ~$120 billion valuation. No thanks at that cost

Edit: ~$100 billion, still too highly valued for my blood

DoubleT2172 fucked around with this message at 16:34 on Nov 10, 2021

DoubleT2172
Sep 24, 2007

Bape Culture posted:

Ford’s stake in Rivian is worth more than Ford, lol

Unless i'm off base this is wrong. Ford had a 12%? stake in Rivian right? So that's only like 12 billion, F is worth 80 billion

DoubleT2172
Sep 24, 2007

Did the SOFI people get shares allocated at $78 or did they pay the ~$112 share open price?

DoubleT2172
Sep 24, 2007

LLCoolJD posted:

:rip: PSFE

This aged rather badly:
Time to gamble and grab some LEAPS?

DoubleT2172
Sep 24, 2007

ranbo das posted:

Put in for 500 shares of BLZE on robinhood, got 0.

The lesson you should learn is Robinhood sucks and you should NOT be using them for anything

DoubleT2172
Sep 24, 2007

readingatwork posted:

I have decided to start doing stonk gambling on Robinhood. Pray for me.

Apologies in advance for tanking the market by touching it. That’s just how the universe works I’m afraid.

Don't use Robinhood

DoubleT2172
Sep 24, 2007

ranbo das posted:

Double is a GME truther which is why he hates robinhood, it's a fine platform for newbies. Just use limit orders.

Don't need to be a GME truther to realize that they turned off the buy button for a dozen stocks lmao

DoubleT2172
Sep 24, 2007

DapperDraculaDeer posted:

I dont think what happened with RH is nearly this simple.

Sorry you are right, i'll amend it: "Don't use RH because they had a liquidity problem and had to turn the buy button off on a dozen stocks that were running, causing selling pressure (because if you can't buy you only have 2 options, hold or sell) and actively working against the people on their platform that owned those shares, to then have the CEO claim it wasn't a liquidity problem under oath and likely committing perjury to try to save his IPO that was happening later that year, and not because 'waah waah hedgies' as the other person seems to claim I've said, but because they are not prepared to handle when stocks have a large increase in volatility and buying as they have demonstrated"

DoubleT2172
Sep 24, 2007

Do it on QYLD and get 11% dividends*

*Not financial advice

DoubleT2172
Sep 24, 2007

GoGoGadgetChris posted:

A good day for the Cortexyme-heavy investor

Unless you were the investor at $120 lmao

DoubleT2172
Sep 24, 2007

The Puppy Bowl posted:

Is there a good reason outside of systematic underfunding and reasonable scientific caution for the FDA's seemingly glacial pace for testing and approval during the pandemic? If that could get cleaned up via capital investment it'd be nice to get a head start on the next plague.

It's so they can charge an expediting fee via lobbying/other shady poo poo

DoubleT2172
Sep 24, 2007

drk posted:

That 20% rate only kicks in after roughly $500k of annual income, which is a good problem to have. Otherwise, 15%

Well I believe GGGC had an $8 million house sale this year

DoubleT2172
Sep 24, 2007

Every dream is dead, RIP bull market

DoubleT2172
Sep 24, 2007

pixaal posted:

So PTON's gonna stop making bikes and treadmills.

Stock to 0 when?

DoubleT2172
Sep 24, 2007

Please explain why you think you'll own more shares on a covered call you wrote being assigned

DoubleT2172
Sep 24, 2007

nelson posted:

I am an idiot and typed the wrong thing. I meant cash secured put.

Ok just being sure, was worried about you for a sec!

DoubleT2172
Sep 24, 2007

So how about that SOFI LMAO

DoubleT2172
Sep 24, 2007

Leperflesh posted:

I believe you can paper-trade options in thinkorswim and on IB. Perhaps it'd be helpful to name a few other uh, options, for paper-trading options?

Paper trading options isn't as good though as paper trading shares because the bid/ask can be so wide and IIRC they always fill on paper in the middle when usually that isn't what'll happen in the real world. This greatly skews profit/loss when doing it

DoubleT2172
Sep 24, 2007

Looks like it's a good day to be a meme stock buyer

DoubleT2172
Sep 24, 2007

Another use of splits is to make it easier for stock compensation, which is why Amazon is doing it. So in TYOOL 2022 it still has a use. Plus any announcement makes the stock soar, so I for one welcome the splits. Also It'd be just as easy to "DRS the float" after a split, in that it'll likely not happen. We're only at like 25% of the float DRS'd right now, and I don't see it accelerating but rather slowing down

DoubleT2172
Sep 24, 2007

DapperDraculaDeer posted:

Wow, 25% sure does seem like a lot. How do you know it is that much?

Because in their last earnings a few weeks ago they released that ~10 million shares are DRS'd and the float is ~40 million

DoubleT2172
Sep 24, 2007

Subvisual Haze posted:

Stupid Feds capping the amount of Capital Losses you can write-off each year at $3000

This is such a joke too. Unlimited taxes on your gains but can only claim losing $3k/year! We need to at least 10x those numbers for the $Goon bagholders

DoubleT2172
Sep 24, 2007

orange sky posted:

Netflix spends a ton of money on poo poo content, which explains a lot. I honestly felt they were onto something with international productions that can be cheaper and have a big cultural impact (casa de papel, squid game) but I guess it doesn't feed the machine as much as it needs to.

Not only poo poo content but churning series and cancelling them on cliffhangers. poo poo is awful

DoubleT2172
Sep 24, 2007

pixaal posted:

Let's say it takes 9 months to happen, can you make 4% in something else in 9 months?

I'm not sure about making 4% or more in 9 months but I'm sure I can lose more than 20% between now and then!

DoubleT2172
Sep 24, 2007

I want off Mr. Bones Wild Ride

DoubleT2172
Sep 24, 2007

12.7 million shares direct registered by retail with Computershare as well. Retail has direct registered more shares than Blackrock and Vanguard hold combined

DoubleT2172
Sep 24, 2007

SPY $269

DoubleT2172
Sep 24, 2007


$2300?!

DoubleT2172
Sep 24, 2007

Woodchip posted:

Ok BBBY, it's showtime, betting on black and up 30% today.

Memestockers are eating good today

DoubleT2172
Sep 24, 2007

Hadlock posted:

Put in $250 into that slot machine Monday market open, pulled out $300 today, good times

Up over 400% on my 105 BBBY shares left after selling 145 shares in bite sizes this week on the run up for an $800 gain

DoubleT2172
Sep 24, 2007

Glad I sold yesterday for a ~$2500 profit, yikes

DoubleT2172
Sep 24, 2007

Trevorrrrrrrrrrrrr posted:



Diamond hands $ADBE through earnings tomorrow or cash out? By far the most I've ever made on options but idk if I can keep holding on without having a heart attack

Good enough to screenshot good enough to sell

DoubleT2172
Sep 24, 2007

GoGoGadgetChris posted:

Silly old Wells fargo, up to their usual tricks. Apparently the loan officers have been manually editing home values in their system to avoid needing an appraisal. Sometimes lopping off as much as a cool million dollars from the true sales price

Many of the affected loans have been sold to Fannie and Freddie and thus brought the full weight of the federal government down upon themselves

They preemptively fired a few of the people who had a hand on the wheel at the time, but obviously that's not going to protect them. Many employees are saying that they were explicitly, specifically told to do this in order to qualify for appraisal waivers and make everyone's lives easier. Probably should not have sold those loans to entities under Federal conservatorship then, idiots!

Do you have a source article for this?

DoubleT2172
Sep 24, 2007

Agronox posted:

In celebration of BFC's new mod, and in recognition that this thread is now a dozen years old and has 2,700 pages, I'm hoping to finally re-write the OP and start a new one, likely by the end of the month.

I'm thinking something that touches on the basics of the following topics:
  • stocks
  • options
  • futures
  • fixed income
  • which brokers to use
  • how margin works
  • resources for FA/TA
  • other favorite web resources
Is there anything else people might want in this thing?

Don't forget to focus on how short term investing is just a more socially accepted Casino now

DoubleT2172
Sep 24, 2007

Pastrami posted:

I am definitely enjoying earning 4% annualized on 8 week tbills, which are basically like-cash in terms of collateral for selling options (99% margin). Nice to earn yield on cash that would otherwise be sitting there.
Could you expound on this? I have cash in my TDA account for selling puts that I'd like to put to use like this

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DoubleT2172
Sep 24, 2007

Pastrami posted:

You can go and place a non competitive bid for tbills (4 and 8 week bills are auctioned weekly) on the tda website. Let’s say you buy $100,000 worth. Your buying power from the $100,000 cash was, well, $100,000. The buying power from the equivalent in tbills will be $99,000.

Did this answer your question? Feel free to msg me on discord if you want

Ok simple last question. Let's say you did that, so you can sell to open 3x SPY 330P with that buying power right?. When those are opened are you on margin or is it only of the puts are exercised? I ask because margin at TDA is like +-12% so you'd be losing 8% annualized if margin starts on open and not exercise

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