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Oscar Wild
Apr 11, 2006

It's good to be a G

GoGoGadgetChris posted:

The best reason to stay away from single-stock investing is that you can be ruined when, "Azealia Banks posted her texts with Grimes to Insta"

2018 is so stupid

That's not the only reason Tesla tanked after the CEO said he was going to take his company that is severely underperforming on a quarter over quarter basis. It just shows that the emperor has no clothes.

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Oscar Wild
Apr 11, 2006

It's good to be a G

Chill Penguin posted:

Is it just me or does shorting GME seem like the most obvious play ever? Jan 19 $12 calls are like $0.80 right now.

$12 looks to be a floor to me. I dont know what would cause it to break that support level, especially with how poorly they are doing already.

Oscar Wild
Apr 11, 2006

It's good to be a G

Elephanthead posted:

Do all these pot stocks assume the margins will stay high forever? Haven't we already seen pricing pressure in markets that are only a few years old? I don't get it all farm commodities drive down to low margin.

Margins in Oregon are very low. Farmers are overproducing and the only ones making boatloads of money is the government.

Oscar Wild
Apr 11, 2006

It's good to be a G

LLCoolJD posted:

PBF comics are so good, and that was one of my favorites.

I see that weed is down big today. Which means we're getting a 10% pop tomorrow.

Which one?

Oscar Wild
Apr 11, 2006

It's good to be a G

LLCoolJD posted:

CGC and CRON. Crazy stocks. Of course, they could crash 20% so don't take any advice from me.

Thanks, I understand these are speculative and that it would help to read the financial statements.

*puts all money on green*

Oscar Wild
Apr 11, 2006

It's good to be a G

Risky Bisquick posted:

Weed stocks are basically in a crazy bitcoin euphoria, buyer beware

"The trend is your friend"

Something a friend told me about momentum.

Oscar Wild
Apr 11, 2006

It's good to be a G

paternity suitor posted:

I don’t know who has actually listened to it, but after the first 20 minutes (which was really really bad), the Elon Musk pod with Rogan was fun as hell to listen to. Elon is very autistic and I suspect a little depressed. The way it’s being covered in general is disingenuous IMO.

Agreed, all those coke snorting traders and TV people are clutching at pearls. But it's also true that Teslas stock price is equally stupid.

Oscar Wild
Apr 11, 2006

It's good to be a G
https://www.marketwatch.com/story/teslas-stock-stumble-is-a-buying-opportunity-analyst-says-2018-09-10

Someone owns tesla.

Edit: this is great.

Analysts at Baird, meanwhile, reiterated their equivalent of a buy rating on the stock and named it a “fresh pick,” saying “strong fundamentals should drive shares higher,” with investors underestimating results in the second half of the year.

Oscar Wild
Apr 11, 2006

It's good to be a G

Ulio posted:

Seems like the emerging markets blowing up really hurt China. Hong Kong exchange is officially a bear market.

https://www.bloomberg.com/news/articles/2018-09-10/hong-kong-stocks-hit-from-all-sides-as-reasons-to-sell-pile-up

Yeah, I sold all my eem yesterday. It hurt.

Oscar Wild
Apr 11, 2006

It's good to be a G

Lote posted:

It’s also amazing how much vitriol has carried over from Musk to the r/Tesla and twitter community. Lots of people adopting the viewpoint that shorts can FUD a company to bankruptcy. :lol:

I don't think this is a terrible viewpoint. Actively rooting for the devaluation of a company isn't exactly great. Equity is meant to reward shareholders, historically that has been through dividend distributions. Shorting really doesn't provide a societal good outside making money on the way down.

Oscar Wild
Apr 11, 2006

It's good to be a G

Solice Kirsk posted:

F will eventually come back if you hold it long enough. If fully electric trucks catch on they will lead the way with the all new iF-150 or what ever.

F is the smart persons TSLA.

Oscar Wild
Apr 11, 2006

It's good to be a G
Last week I bought AOBC ahead of an anticipated Democratic win in at least the House in Congress.

Also put a couple hundred bucks on GERN at $5.75 who is a possible acquisition by Johnson & Johnson sometime between now and the 28th. It's in the low $6.00 range now and if it gets acquired it might go to 8 or 10. More likely it won't get acquired and will fall to $5 ish.

Oscar Wild
Apr 11, 2006

It's good to be a G

Syrinxx posted:

https://www.finviz.com/

Also I have a Fidelity account with $0 in it but I am still able to use it for research. :cool: Their most recent overhaul made it a LOT better.

Yeah, I have a fidelity account and it has most of the stuff you would want, though I find their screener to have a bit of a learning curve. And their options ladders are totally not how I would want them to look.

Oscar Wild
Apr 11, 2006

It's good to be a G

Rocks posted:



- fees can kill you
- the less you watch the better


These are good tips on why buy and hold generally outperforms and if you arent investing a lot in concentrated positions (lots of money on one position) you will fail.

Day traders often churn themselves out of the game. And any profits are further reduced by taxes.

Oscar Wild
Apr 11, 2006

It's good to be a G

FreelanceSocialist posted:

Step 1: Declare yourself oppressed and identify your oppressors
Step 2: ???
Step 3: Profit

Step 2 is eat the rich.

Oscar Wild
Apr 11, 2006

It's good to be a G

LLCoolJD posted:

The company is a relic of the 1970s. I went in a Sears two years ago and it was in absolutely pathetic condition. I went back maybe 6 months ago and it somehow looked even worse. Half the store was lacking inventory. It's in retail hospice care and there's no mistaking it.

It's pretty incredible that Walmart and Target are still doing so well.

RIP Circuit City

Oscar Wild
Apr 11, 2006

It's good to be a G
GERN moving big. Almost erased the bad news of a couple weeks ago. Crossing fingers for good news.

Oscar Wild
Apr 11, 2006

It's good to be a G

Leperflesh posted:

Oh god so it turns out my stepdad and my mom are taking Vascepa.

Invest in...Life Insurance!

Oscar Wild
Apr 11, 2006

It's good to be a G
"General Electric chief executive JeffreyImmelt (R), flanked by John Flannery in 2014. Former General Electric CEOJeff Immelt used to fly with two corporate jets when he would travel, a nearly empty jet following the oneImmelt was traveling in, according to a report in The Wall Street Journal"

Lmao at returning value to the shareholders.

Oscar Wild
Apr 11, 2006

It's good to be a G

LLCoolJD posted:

:aaa: holy moly, the plane has crashed into the mountain on that stock.

Time to buy!

Oscar Wild
Apr 11, 2006

It's good to be a G

Cheesemaster200 posted:

Or they sell TSLA to another car company who knows how to make cars. That would likely maximize shareholder value over a bankruptcy.

This is what I expect to happen. There is value in the brand, they just suck at the manufacturing operations.

Oscar Wild
Apr 11, 2006

It's good to be a G

numberoneposter posted:

whole lotta red

any good deals?

Black ink.

Oscar Wild
Apr 11, 2006

It's good to be a G
This is the pullback we've been waiting for. It's a fire....sale!

Oscar Wild
Apr 11, 2006

It's good to be a G

fougera posted:

Ok thread, let�s talk about how overexposed you are to the Nasdaq.

A ton in my 401k because its diversified but like 70% equities. Everything owns apple.

Oscar Wild
Apr 11, 2006

It's good to be a G

Cheesemaster200 posted:

The NASDAQ and big tech has been outperforming the market for years. With the rise of interest rates, there appears to be a rotation back into the rest of the market.

Yeah, I would imagine a lot of institutional money is moving around before the end of the year/taking risk off the table.

Oscar Wild
Apr 11, 2006

It's good to be a G

Josh Lyman posted:

Alternatively, many would want to show positions in names that have performed well. But it is neither the end of the month nor the end of the quarter.

Today’s selling is likely steady algo pressure. If we don’t have a big recovery tomorrow, I’ll probably try to exit most of my positions.

That's better said what I meant, selling now and buying back sometime in December to get the name.

Oscar Wild
Apr 11, 2006

It's good to be a G

Ulio posted:

How is legalization news when it is already considered into the price? I do think no barrier to entry is the worst aspect of investing in a weed stock but further legalization in the US could rally them.


Margins in recreational states are super slim due to overproduction. I dont think a lot of investors are considering this. You're right, there is no barrier, which is both a good thing and a bad thing. Good because it means that large guys cant use supply chain efficiencies yet, but it also means there are no safe bets.

Oscar Wild
Apr 11, 2006

It's good to be a G

Pryor on Fire posted:


I think the experience gets a bit more predictable and consistent with concentrates, and the barrier to entry for doing that and not blowing yourself up in the process is a bit higher.

Lol, yeah:

https://www.oregonlive.com/marijuana/index.ssf/2017/08/big_profits_extra_pot_fuel_ill.html

There is almost no differentiation in product or brand in Oregon and Washington. The only thing is price and strain.

Oscar Wild
Apr 11, 2006

It's good to be a G

Leperflesh posted:

Actually also, invest in whoever supplies cinder blocks, concrete, asphalt, etc. to the florida panhandle region

And remember those 2M dead chickens in south carolina from the previous storm? Should we have been investing in chicken futures? Resurrect chicken chat pls

Home depot.

Oscar Wild
Apr 11, 2006

It's good to be a G

greasyhands posted:

I think we could close red today

I expect it. Flat or red, depending on the will to stay flat.

Oscar Wild
Apr 11, 2006

It's good to be a G

fatal oopsie-daisy posted:

fig. A:


fig. B:


fig. C:


-fin-

The invisible hand of the free market has spoken: Sears loving sucks.

Remember the justification used during the financial crisis not to cap bonuses to upper management because otherwise you wouldn't get the best or brightest in management positions?

Oscar Wild
Apr 11, 2006

It's good to be a G

Risky Bisquick posted:

NFLX surging :pray: answered

Are they not hemmoraging cash anymore?

Oscar Wild
Apr 11, 2006

It's good to be a G

Femtosecond posted:

Im gonna attribute the bump to the fact that Dune is on Netflix now.

I'm gonna attribute it to the fact that my friends friends friend Alex changed their password.

Oscar Wild
Apr 11, 2006

It's good to be a G

hostile apostle posted:

Weed stocks taking a beating today (-10% for many) with Canada legalization going through.

The stupid axiom is buy on the rumor, sell on the news.

I'm unfamiliar with how Canadian exchanges and reporting works. Will they have to release quarterly reports that might kill this bubble? I mean, the valuations are nowhere near where they should be.

Oscar Wild
Apr 11, 2006

It's good to be a G
I keep saying that in Oregon, margins are super thin. Producers are getting squeezed, there is no differentiation of product really, prices are incredibly low. I'm saying the valuations arent matching the very competitive landscape. Everyone is projecting 20% marketshare.

You can get mediocre ounces for 70-80 US, and by mediocre it's still better than some of the stuff you'd get for $40 per 1/8 ounce. Product is super cheap.

Oscar Wild
Apr 11, 2006

It's good to be a G

Ulio posted:

Anyone noticing all these random Chinese companies doing insane runs in the last 2 days with incredible volume?

How do you say pump and dump in Cantonese?

I've been hearing rumors of china devaluing the yuan to boost trade, even though their leadership is saying differently in public.

Oscar Wild
Apr 11, 2006

It's good to be a G

Comrayn posted:

Hasn’t yuan fuckery been going on since... always?

Yes, but it has been appreciating since 2014 ish.

Oscar Wild
Apr 11, 2006

It's good to be a G
F has been sucking. Unless the tariff situation improves I expect it to continue to suck, even as they fix their payroll.

I will continue to buy until that happens.

Oscar Wild
Apr 11, 2006

It's good to be a G

hostile apostle posted:

Does a laddered CD setup actually return more than a high yield savings? You have to go at least 1 year out for a CD to be slightly higher than savings yields. At that point its not really emergency funds any more.

That's the point of the ladder, cds mature each month and then can be used for emergency expenses or you can buy more CDs. I said before that it's more complicated and you're only getting marginally better yield than savings, but if it's done correctly it can be both.

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Oscar Wild
Apr 11, 2006

It's good to be a G

LLCoolJD posted:

:same:

Half my annual gains have disappeared this month, and I am heavy tech.

Same but manufacturing. I'm a whore for value dividends.

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