Economy stonks only go up v6.1

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rob mafia said:
...when they're posting hysterical fearmongering and etc, declaring how terrified they are and that they've stockpiled masks and etc, it IS. ffs, man. do you TRY to be wrong, every time? i know you have a hate boner for me, but the shit you say is just downright retarded and factually devoid. every time.
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When you have a third poster saying "not to pile on but.." it's not personal, people in general just saw your statements as clearly dumb. You made a bad prediction, instead of owning it you tried some semantics BS "well the market didn't crash because of the virus it crashed because people were afraid ... of contracting and spreading the virus".

If you don't have thick enough skin to handle being wrong, maybe you shouldn't make public predictions.
 
shockaholic12 said:
When you have a third poster saying "not to pile on but.." it's not personal, people in general just saw your statements as clearly dumb. You made a bad prediction, instead of owning it you tried some semantics BS "well the market didn't crash because of the virus it crashed because people were afraid ... of contracting and spreading the virus".

If you don't have thick enough skin to handle being wrong, maybe you shouldn't make public predictions.
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WAT

like i already said 3 times now, i didn't expect the usa to shutdown.

do you need glasses or can you simply not read?

lolz @ being this butthurt at my "prediction" - 2 months later.
 
Trying to decide if it's time to short Tesla again. I got out pre delivery numbers knowing they'd prolly pump something. Their release is embarassingly short and deflective but sent the stock up 10%
 
brackis1 said:
Trying to decide if it's time to short Tesla again. I got out pre delivery numbers knowing they'd prolly pump something. Their release is embarassingly short and deflective but sent the stock up 10%
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You are definitely a gambling man. Their stock was down 7% today and then shot up 18% in after hours. I’d say you can trust they’ll fall but you’re going to have to borrow too much to make money.

I wish I had the balls to short right now but the unpredictable volatility has me seriously second guessing myself. I’ve done really well going to cash and cleaning up my long term portfolio so at least I came out in the green.
 
My After hours TSLA short @ 548 missed by a single dollar... it's now at 492 lol.
 
i should have done more research on the utx-ratheon merger, my utx shares were split into a clusterfuck this morning. sold off the new company shares, should have just held ratheon before the merger, instead. which i usually did...
 
mreits getting killed today on the bloomberg article about how they are not part of the bailout picture currently
 
reveler said:
mreits getting killed today on the bloomberg article about how they are not part of the bailout picture currently
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also, real estate is fucked right now, regardless.

i'd consider picking up some for long-term, but i'm so bad at actually holding anything long.

every time i bought nrz before $5, i sold within a day.

my lolz of the day - my jokey grpn play is going to be a wash (for the week, at least), as it dropped all the way down to .75, passing the .13 premiums. the iv was so ridiculous on this and i'm still just breaking evenish. i'm still laughing at the .50 puts for .03, though. a 6% premium on a weekly FD...
 
reveler said:
mreits getting killed today on the bloomberg article about how they are not part of the bailout picture currently
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Contrary to original opinion saying they’d seriously benefit from the bailout. Looks like all the rats are jumping ship. I bought in dirt cheap so if they don’t go under hopefully this will pay for my sons travel league in 2 years.
 
CNBC are Tesla huckers. "It's a rare gainer on the day up 3%!"
(has actually been going down all day from up 13%)
 
G-19 said:
Contrary to original opinion saying they’d seriously benefit from the bailout. Looks like all the rats are jumping ship. I bought in dirt cheap so if they don’t go under hopefully this will pay for my sons travel league in 2 years.
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the question is who is on the other end of these mark to markets. these hybrid mreits are jettisoning their non-agency holdings, someone is buying these super cheap.

some of these mreits may fold, in the sense that no one wants to buy a distressed portfolio when they could just buy into a new startup in the same field.
 
Looks like the rally has run out of steam and the markets are rolling over again..retest of the lows seems in order and unless there is a big drop will go short monday

Thought about the levered etf strategy some more..i think it makes more sense to go short s&p etf spxs (3x levered) on the way down and long nasdaq etf tqqq on the way up

S&p co's will get crushed more being more tilted towards old economy..while they may also bounce more during rallies at least with the nasdaq the drawdown is less in case im wrong

And being in a confirmed bear market i am more worried about being caught up in a bad long trade as the trend is down for a while and having a short position go wrong will be more forgiving over the foreseeable future
 
I knew it was a good idea to put most of my assets in guaranteed market CDs, stock funds and insured bonds.
I've got less than 20% exposure on this whole thing.
 
Grave Keeper said:
I knew it was a good idea to put most of my assets in guaranteed market CDs, stock funds and insured bonds.
I've got less than 20% exposure on this whole thing.
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FDIC CDs and cash are the only thing safe..stock funds are getting and will continue to get crushed

Whats the deal with insured bonds? I scooped up some short duration (3-4 months maturity) corporate bonds last week..but wouldnt get anything long term with so much liquidity risk out there unless the issuer sells life sustaining small ticket items (food co's etc)
 
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I've got bonds now that look like shit on paper but if kept to maturity at least won't lose value.
not ideal but acceptable.
 
and sold my rtx. wish i had more. will probably buy back in soon.
 
Wish I hadn't covered most of my Zoom short =[.
Will spike off a Cramer pump tho.

Shoting Pelaton: Above IPO price; bikes not being delivered for 2-4 weeks, live classes you watch on the bike arent being filmed for another month. Everyone buying the hype thinking demand is surging, but by the time people get around to having live classes and their bikes in hand it will be summer and we're all hopefully outside. Insiders been selling around $24-$25... it's at $28.7 rn.
 
cycled most of my usual contracts for the week already. bought back into uso (just a small position, though) just to sell more calls on it.

sold a little in between rallies, wasn't really expecting a 2nd surge... *shrugs*
 
rob mafia said:
cycled most of my usual contracts for the week already. bought back into uso (just a small position, though) just to sell more calls on it.

sold a little in between rallies, wasn't really expecting a 2nd surge... *shrugs*
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It seems super unhealthy. But honestly not surprised if we tout some "almost out of the woods" idea and then ppl drop their guard and continue to spread the virus. We just need two fucking weeks of nationwide agreement on social distancing and get this shit over with. I love some of the volatility, but it's retarded.
 
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