Economy stock talk v7, meme stocks go up

[MMAisGod]

And all that foresight has yielded me 0% gain or loss essentially this week because it's very easy to wax on about stuff vs having your cash allocated at the right time. I've been right the whole way, but luckily didn't try to chase my predictions once they'd happened.

That's the truth. This morning I bought a ton of PLYA at $3.56. Hoping I can play this up a littleeee more up through the day. At $3.70 now. Got to the point now where I'm watching more stocks than actual work during the weekdays lol.

 

[brackis1]

That's the truth. This morning I bought a ton of PLYA at $3.56. Hoping I can play this up a littleeee more up through the day. At $3.70 now. Got to the point now where I'm watching more stocks than actual work during the weekdays lol.

And sure enough we gave some back to match world markets.
I'm guessing we settle up 400 on the dow.
Finally picked a decent day to short TSLA at the open even as they have a CNBC promo day today again. Closing already, but I'll take 2% and call it a good day on a couple dozen shares .

 

[rob mafia]

i'm mostly inactive today, rolled a few contracts.

as usual, the bad news for intel drives down all the semis, instead of keeping amd/tsm/nvda flat (or bumping amd, which it probably should). great timing for intel (4pm after a godawful meta day), terrible timing for me (can't take advantage). womp, womp.

as usual, flipped a couple more nkla puts. nkla puts are the new spce calls.

 

[brackis1]

i'm mostly inactive today, rolled a few contracts.

as usual, the bad news for intel drives down all the semis, instead of keeping amd/tsm/nvda flat (or bumping amd, which it probably should). great timing for intel (4pm after a godawful meta day), terrible timing for me (can't take advantage). womp, womp.

as usual, flipped a couple more nkla puts. nkla puts are the new spce calls.

Im nmad as usual and had INTC short, didnt move either way off what I thought was the bad news, gave up....then it goes down.

 

[brackis1]

And sure enough we gave some back to match world markets.
I'm guessing we settle up 400 on the dow.
Finally picked a decent day to short TSLA at the open even as they have a CNBC promo day today again. Closing already, but I'll take 2% and call it a good day on a couple dozen shares .

Looks like I may have nailed, but of course missed all the swings that are gonna get us there lol.
Just pure guesswork on the markets and not worth any action that I can see.
I grabbed some mygn since it tanked again and shorted a little amazon on some anti-trust shit, but just nibbles.

VXX went from up 5% to down 4% lol

 

[rob mafia]

Im nmad as usual and had INTC short, didnt move either way off what I thought was the bad news, gave up....then it goes down.

i might actually buy some puts on intc (assuming the sp rises next week), the market/talking heads clearly have no idea what's going on with them... ending their buybacks should have them actually vulnerable to shorts (finally), but it might be a slow bleed. ie: might look at puts for after the next 2 earnings (figured even intel received tailwinds from covid, but the tailwinds probably essentially take from q3... $16-20B/year in buybacks did wonders to the sp/eps)

ironically, the one thing that might work for them (sorta) is the fed subsidies/grants/whatever... but more should be going to tsm.

i don't have much faith in intel pulling off their pivot (from cpu-based to... data or whatever the fuck they're claiming)

 

[brackis1]

Stupid stock that I should have bought that is also stupid but stupid things make money: WRTC
Spec bullshit lasso cop tech thing that I think has been featured on Fox for cops to shoot at perps. Seems absolutely retarded one-time-use and requires good aim and a relatively stationary target. But possibly effective enough to get onto the budget of a lot of cities. Big valuation but lots of hype.

 

[brackis1]

lulz futures down 500.
Honestly this seems more a "oh shit Donnie is gonna lose the election and we wont get unlimited free money and loophoiles anymore" rather than corona fears.
I'll probably start buying if we go lower.

 

[rob mafia]

gotta admit, i don't really get why futures opened significantly down.

not that futures matter much, especially on sunday evening, but still.

i guess i'll wait til 9-10:30am and figure out what strategy (or changes to) i'll be making this week. not sure if i should play theta gang, kang gang, trader, or what. i do have some things locked into 6/19s (bring the witches), but nothing i couldn't reverse/roll or open legs.

 

[brackis1]

gotta admit, i don't really get why futures opened significantly down.

not that futures matter much, especially on sunday evening, but still.

i guess i'll wait til 9-10:30am and figure out what strategy (or changes to) i'll be making this week. not sure if i should play theta gang, kang gang, trader, or what. i do have some things locked into 6/19s (bring the witches), but nothing i couldn't reverse/roll or open legs.

I think the center-right markets are starting to take the protesters/social activism into account such that they'll throw a temporary little tantrum to shake out weak-handed red-scare type. That and the virus stuff combined? 400 seems like a totally fair, not that scary, premarket.
Asian markets are open and only down .2-1% so I'd guess we end up down 1.5%.

 

[rob mafia]

i was taking thursday/friday's moves and the lackluster weekend with no real happenings into account.

and i wasn't saying it was scary (i mean, shit, we had all those circuit breakers in march), just that i was surprised futures didn't open flattish... until the foreign markets opened, at least.

 

[brackis1]

i was taking thursday/friday's moves and the lackluster weekend with no real happenings into account.

and i wasn't saying it was scary (i mean, shit, we had all those circuit breakers in march), just that i was surprised futures didn't open flattish... until the foreign markets opened, at least.

I mean it's pretty much par for the course when public enthusiasm for progressive political ideas picks up: markets go down because a bunch of ideologues, some big brain genius goes "yeah its down cause the economy is gonna fail under such and such policy".

Looking like down 650 to start now. Glad I grabbed some VXX and shorted some shit after hrs Friday.

 

[rob mafia]

decided not to shift from theta gang, but did ditch a few things to free up a bit of funds (finally dropped spce - might sell a put or 5 later, bailed on prpl [might be a mistake but i just don't care about prpl] for a moderate profit). don't feel like doing math on spce, but probably ended up significantly (thanks to all the stupidly inflated call premiums) even with their drop to $15ish. would normally have kept holding til a call got assigned, but decided to start playing tighter.

and the fed's buying individual corporate bonds now.

edit: and i'm kinda bummed that the nkla goldmine seemed to dry up. i can't sell puts for monumentally retarded prices anymore, so i guess there's no point. it had a good week.

 

[rob mafia]

holy shit, tda/tos fucked up again.

this is nuts. my robinhood/webull accounts shouldn't be the most stable. fuck. maybe i should pull everything from tos and put it in webull. or tasty. this is just... wtf. maybe i need to check ibkr again.

 

[brackis1]

lol I was up at the open, close ym positions

holy shit, tda/tos fucked up again.

this is nuts. my robinhood/webull accounts shouldn't be the most stable. fuck. maybe i should pull everything from tos and put it in webull. or tasty. this is just... wtf. maybe i need to check ibkr again.

Oh weird.
Every broker sucks ass lol.

I missed some nice run up and took a nap, but happy I closed my shorts at open and made a small bit while asleep.

lol Tesla up huge on a corporate welfare package in Texas. Absurd.

 

[rob mafia]

lol I was up at the open, close ym positions

Oh weird.
Every broker sucks ass lol.

I missed some nice run up and took a nap, but happy I closed my shorts at open and made a small bit while asleep.

lol Tesla up huge on a corporate welfare package in Texas. Absurd.

i'm up substantially on... just not believing that we were going to drop hard today. *shrug* but i didn't capitalize on the initial lows, so it's kind of a wash. (didn't want to use more margin, hence playing tighter and closing some bullshit positions).

and yeah, this broker nightmare shit is really getting to me. i can't believe it's been this long since no fees* went mainstream AND schwab bought tda... and not only is there no clear winner, it's murkier than ever. 'good' brokerages have been having more outages than the low-tier brokerages.

 

[brackis1]

Welp looks like some Casino Gaming Data came out and Americans are betting as much or more than last year, so I see another euphoric little run.

 

[brackis1]

lol holy shit NKLA doing dirty sheister things what a shocker.
Teased a CNBC interview after hrs...stock rises....secondary stock offering right before the interview!

 

[brackis1]

lol this Davey Daytrader is such a snake. Claims he is up 400%.
Actually is up 25% after crashing his account first. He just singlehandedly pumped Smith and Wesson and ran it up 10%. What a fucking retarded world where someone who didn't know shit about stocks 4 months ago is a market maker now.

 

[brackis1]

Welp looks like some Casino Gaming Data came out and Americans are betting as much or more than last year, so I see another euphoric little run.

This appears to be money into the open; up 4% premarket on some gaming stonks, fingers crossed.