Economy stock talk v7, meme stocks go up

[rob mafia]

cnbc is aids.

 

[brackis1]

cnbc is aids.

It's pretty scary how much straight up lying and corporate shitbag defending they do.'I just heard Cramer say he'd short Norwegian Cruise Line after he interviewed and called them a buy last week lol. Dude should be in prison.

 

[EndlessCritic]

wait, what? unprofitable money hole buying another unprofitable company?

That's the beauty of the tech sector.

You don't need to be a profitable company to get purchased. All you need to be is a thorn in the side of the dominant company, and they'll buy you out to remove the thorn.

 

[rob mafia]

That's the beauty of the tech sector.

You don't need to be a profitable company to get purchased. All you need to be is a thorn in the side of the dominant company, and they'll buy you out to remove the thorn.

"tech"

lolz @ the current era where cab drivers are considered "tech"

edit: to be clear, it's not a dig at you, endless. just a dig at the ton of companies investors/talking heads/shills/etc declare "tech" and part of the tech sector... that have fuck all to do with tech. wework being the most egregious example.

 

[brackis1]

Well that was a retarded day. Ended up down half a percent on a -2% print for the market which ain't bad, but damn hurts when your biggest short (Blackrock) has to get closed up 5% -_-

SmileDirect is destroying options lol. Is flat off an IV of 30%

 

[kahiljabroni]

Well that was a retarded day. Ended up down half a percent on a -2% print for the market which ain't bad, but damn hurts when your biggest short (Blackrock) has to get closed up 5% -_-

SmileDirect is destroying options lol. Is flat off an IV of 30%

For some odd reason I've held 50 shares of sdc....bought like 300 at its march low. Also had 100 shares of revolve group but sold it all for poultry profit...would be up 70%.

 

[brackis1]

For some odd reason I've held 50 shares of sdc....bought like 300 at its march low. Also had 100 shares of revolve group but sold it all for poultry profit...would be up 70%.

That's funny you mention RVLV. I was looking at that chart today with FOMO.

 

[brackis1]

And just like that I make up all my losses on some stupid cancer drug stock CNBC pump (edit: jesus christ if I'd been greedy I would have made a bunch more. Up 10% since I soldt lol)
Could legitimately run a bunch more (Allo) or could get absolutely crushed by a fundraising round.

 

[brackis1]

Just have to laugh at CODX some testing company.
I owned this at FOUR DOLLARS in February as covid was hitting and mentioned it here shortly after I sold laughing how it had doubled. Seemed sketch so I ran away with a tiny profit....Closed today $25 after hrs rofl.

 

[brackis1]

Another ugly day for the broad market as trumptard dreams wear off.
Grabbed a little Smile Direct down 15%.
Disappointed Ford couldn't beat.
Shorts finally paying.
Ironically was kicking myself for buying Wells Fargo end of day but it's somehow up. Gold hanging in.
I don't see us going toooo much lower.

 

[brackis1]

I balked at Norwegian down 9% waiting for it to hit $9....waited too long and it raced back to positive on the day lol.

 

[brackis1]

cnbc is aids.

there's a lot of people profiting from aids tho

 

[EndlessCritic]

"tech"

lolz @ the current era where cab drivers are considered "tech"

edit: to be clear, it's not a dig at you, endless. just a dig at the ton of companies investors/talking heads/shills/etc declare "tech" and part of the tech sector... that have fuck all to do with tech. wework being the most egregious example.

Oh no, trust me, I get the joke.

I'm a lawyer who does a lot of work for a lot of insurance companies. One of my insurance clients was recently purchased by a tech startup. It became increasingly obvious that what was really going on was that the tech company wanted to attribute the insurance company's revenue as "tech revenue", so that they could start advertising that they were a tech company generating tons of revenue for a future sale. Blatant pump and dump.

 

[brackis1]

Oh no, trust me, I get the joke.

I'm a lawyer who does a lot of work for a lot of insurance companies. One of my insurance clients was recently purchased by a tech startup. It became increasingly obvious that what was really going on was that the tech company wanted to attribute the insurance company's revenue as "tech revenue", so that they could start advertising that they were a tech company generating tons of revenue for a future sale. Blatant pump and dump.

IT'S REOCCURRING SUBSCRIPTIONS BRO. IT'S FREE MONEY FOREVER. Fuckin commie.

 

[rob mafia]

Oh no, trust me, I get the joke.

I'm a lawyer who does a lot of work for a lot of insurance companies. One of my insurance clients was recently purchased by a tech startup. It became increasingly obvious that what was really going on was that the tech company wanted to attribute the insurance company's revenue as "tech revenue", so that they could start advertising that they were a tech company generating tons of revenue for a future sale. Blatant pump and dump.

yeah, i know there shouldn't have been reason for edit (and had this been a couple weeks ago, i wouldn't have), but this thread's been full of stupid so i thought i'd clarify just in case/before some dumbass didn't get it and quoted me with some bullshit.


speaking of stupids...

lolz, my rh account is locked again. 3rd or 4th time in like a month i've had a ghost margin call (when i click on the link to cover the margin call i get a message saying i'm above margin maintenance [every time] or something despite positive (and very much so, right now) "buying power." i know it's from selling (mostly otm, a couple itm that i was hoping to snake for less than the current SP as of yesterday) puts and the retarded way they calculate shit from it, but the math still never checks out. obviously. (i know stock can be leveraged more than cash [which is it's own brand of stupid, but i digress], but there's clearly something wrong with their computations)

it's getting less and less amusing, though. especially since my rh account's only purpose is to sell FDs. haha

the sucky part is that due to weeklies, my account is basically held hostage as they won't let an ACATS go through.

i need to just buy the amd dips instead of selling puts at the dip because rh is retarded and simultaneously tells me i have $10k+ available but i can't buy because of a margin call.

 

[brackis1]

yeah, i know there shouldn't have been reason for edit (and had this been a couple weeks ago, i wouldn't have), but this thread's been full of stupid so i thought i'd clarify just in case/before some dumbass didn't get it and quoted me with some bullshit.


speaking of stupids...

lolz, my rh account is locked again. 3rd or 4th time in like a month i've had a ghost margin call (when i click on the link to cover the margin call i get a message saying i'm above margin maintenance [every time] or something despite positive (and very much so, right now) "buying power." i know it's from selling (mostly otm, a couple itm that i was hoping to snake for less than the current SP as of yesterday) puts and the retarded way they calculate shit from it, but the math still never checks out. obviously. (i know stock can be leveraged more than cash [which is it's own brand of stupid, but i digress], but there's clearly something wrong with their computations)

it's getting less and less amusing, though. especially since my rh account's only purpose is to sell FDs. haha

the sucky part is that due to weeklies, my account is basically held hostage as they won't let an ACATS go through.

i need to just buy the amd dips instead of selling puts at the dip because rh is retarded and simultaneously tells me i have $10k+ available but i can't buy because of a margin call.

Market seems to just be ripping thru stops up and down and I'm proud to be sitting cash and not chasing runs that reverse. RH is such fucking trash lol so glad I don't use it.

 

[rob mafia]

Market seems to just be ripping thru stops up and down and I'm proud to be sitting cash and not chasing runs that reverse. RH is such fucking trash lol so glad I don't use it.

rh sucks, but it's the only broker with no fees on contracts. i'd be ok with small fees, but .50-.65 per lot per week adds up quickly.

i also have tos/webull, but generally just have boring shit in tos and i don't trust webull enough yet (and might not ever) to give them substantial money. maybe i should give webull a serious chance, iirc their contracts are only like .10

i keep meaning to check tasty, but it seems so scummy (options-based platform with... still kind of steep options fees)

theta gang problems.

 

[brackis1]

rh sucks, but it's the only broker with no fees on contracts. i'd be ok with small fees, but .50-.65 per lot per week adds up quickly.

i also have tos/webull, but generally just have boring shit in tos and i don't trust webull enough yet (and might not ever) to give them substantial money. maybe i should give webull a serious chance, iirc their contracts are only like .10

i keep meaning to check tasty, but it seems so scummy (options-based platform with... still kind of steep options fees)

theta gang problems.

Ah fair point I didn't even think about that!

 

[rob mafia]

Ah fair point I didn't even think about that!

i mean... i don't remember if i mentioned this here, but i asked my tda guy about the options fees (if they could waive them or cut them significantly) and he tried to downplay it as if it wouldn't really cost me anything and then (when i disagreed) he asked me how many contracts i trade. when i told him, he got real weird (and said he'd get back to me about it) and i haven't heard from him since. haha.

theta gang, the black sheep. wsb treats us like we're wizards, tda treats us like lepers.

i blame this guy.

 

[brackis1]

Anyone have any stocks they've been totally slaughtered on lately one way or another? Usually the best time to play them.
I put a small bet on Coty the other day on KKR financing deal and the thing has been dropping like nothing I've seen. Might be upping it.