Economy stock talk v7, meme stocks go up

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I have zero clue on much of anything. Sitting cash today waiting waiting waiting.
Flipped a little of LB off the bath and bodyworks sale failure scare, but that's about it.
 
didn't do much today, either. adjusted some calls/puts. even took a little nap.
 
44nutman said:
#CramerBless
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It's just awful and I feel for most people because they really can't afford to play or listen to such ridiculous hyping.
He told everyone to buy Tellurian at $8....trading at 1.5 rn
Told everyone to buy ACB at 9-10....trading under $1 now.
 
lol holy shit DPZ is at all time highs by farrrr @ $387.
Who the fuck is gonna eat this shit once the lockdown ends?

It seems like the investment thesis is: "invest in the most boring retarded monolithic shit companies in human history, hurr durr"
 
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brackis1 said:
lol holy shit DPZ is at all time highs by farrrr @ $387.
Who the fuck is gonna eat this shit once the lockdown ends?

It seems like the investment thesis is: "invest in the most boring retarded monolithic shit companies in human history, hurr durr"
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...or spy.

lolz @ uso being halted for like the 15th time in 3 days. as if theta decay wasn't sweet enough...

and hey, leave aurora alone. i still have 2 (3?) weeks of absurd theta plays on it before i have to unload it (before it reverse splits). i'm really going to miss these high volume sub-$1 stocks (grpn).

dammit. i just realized almost every stock i use with rh is having a reverse split and likely ending my fun times.

uso 4/28
acb 5/11
grpn ??? ("late 2nd quarter")


RIP glorious contracts 2/2022 - 4-6/2022

if nbev has a reverse split, i guess i can put my rh money into other accounts. unless i find other retarded goldmines. (if only the actual goldmines [ngd] had good options plays)

the dumbest part about these splits is that the sec/nyse is easing their listing requirements during the cv... so it's all for no real reason, anyway.
 
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lol CNBC being liars again.
I shorted some SAM (Boston Beer Company).
It's down to 400 after hrs (I know cause I covered...) and they're showing them flat on earnings @ $420 on TV in a full screen earnings graphic.
 
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brackis1 said:
lol holy shit DPZ is at all time highs by farrrr @ $387.
Who the fuck is gonna eat this shit once the lockdown ends?

It seems like the investment thesis is: "invest in the most boring retarded monolithic shit companies in human history, hurr durr"
Click to expand...
Gonna pat myself on the back for a netflix esque short into earnings on both DPZ and CTXS two of the hottest covid stocks.
 
lol getting some serious oil fomo on a few names that would be up 100-200% on me in a matter of a week
 
lol all stonks tank briefly except the one i was shorting.
 
i think its a happy coincidence that all this market volatility arrived simultaneously with the brokerage industry lowering fees to zero. i think retail investors used to avoid small, frequent trades because of the fees. now you dont need to think about a certain minimum transaction amount. take as many bites at the apple as you want.
 
Tycho Brah said:
Did I miss some big news? The Nasdaq just took a shit and trading volumes went way up.
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the gilead pump and dump i mentioned... well, people just realized it was a pump and dump.

reveler said:
i think its a happy coincidence that all this market volatility arrived simultaneously with the brokerage industry lowering fees to zero. i think retail investors used to avoid small, frequent trades because of the fees. now you dont need to think about a certain minimum transaction amount. take as many bites at the apple as you want.
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it probably plays a role, but it's not exactly simultaneous. no commissions has been standard since october, and was pretty common for the last few years.

brackis1 said:
lol getting some serious oil fomo on a few names that would be up 100-200% on me in a matter of a week
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i know you want in on uso!
 
i am so proud of myself for not buying USO because i am usually garbage picking shit like this. it was a "steal" under $5. now look at it.
 
reveler said:
i am so proud of myself for not buying USO because i am usually garbage picking shit like this. it was a "steal" under $5. now look at it.
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to be fair, it's a theta goldmine. i'm making a killing playing both ends of it (.50 puts for .08 - the lulziest play of the week). and while i'll probably close my position (well, shares) on monday (due to the reverse split and likely end to my funtime contracts), the shares should see pretty easy gains over the next while.

the double-edged sword with uso is that retards don't know what uso did and they don't know what uso's doing now. no one reads their news releases. so everyone thought that they were holding the negative contracts and going under (hence, the shorts) and then everyone thought/thinks they're still fucked and in the same position/or will be in the same position in 4 weeks.


and even if you held from $5 2 weeks ago, you probably would be about even if you sold calls on it on the way down and adjusted them on the drops. the IV was that nuts.

tl;dr - uso's fine. if you're holding shares, it should see gains, especially months out. in the next month, it'll probably still be pretty volatile.
 
In the first quarter, the company generated approximately $6.2 billion in cash from operations, paid dividends of $1.4 billion and used $4.2 billion to repurchase 71 million shares of stock. On March 24, 2020, Intel announced the suspension of share buybacks in light of the COVID-19 pandemic. The dividend remains unchanged. Intel expects to reinstate share buybacks as circumstances warrant.
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https://www.intc.com/files/doc_financials/2020/Q1/Q1-2020_Earnings-Release.pdf

holy shit, intel kept up their buyback scam (execs gets big bonus money if SP is above x price for y time - i think they failed, anyway) and spent $4.2B in buybacks during q1.

(for years, they seem to only care about short-term and propping up the share price, hence fucktons in buybacks while they fall behind amd/tsm)

they suspended buybacks due to corona, it finally might be time to short/buy puts.

sold (covered) calls on amd for next week @ 62 and 65. might buy more shares tomorrow if amd drops with intel.


(intel's down probably due to no real guidance/pulling their guidance again. amd affirmed their guidance last month and [along with nvidia] upped their orders with tsm to fill the capacity (from someone else dropping out)

edit:

https://www.gurufocus.com/term/cash2debt/NAS:INTC/Cash-to-Debt/Intel
 
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