Economy stonks v10, elections go up. or down. or flat.

[44nutman]

Fuck I just hit a one bagger in $MGI up 100%. I keep wanting to sell but it keeps going up. Now Paypal rumors are swirling about a buyout.
One thing about $MGI is they are always involved in some buy out rumor.
My uncle who gives me about one stock tip a year, but they are always good, gave me $CIG last week. Bought at 2 and its already up 10%. They are a Brazillian power company that pays out a dividend once a year even though a 2 dollar stock. I don't know much about them, but like I said, my uncle only gives out winners.

 

[brackis1]

Fuck I just hit a one bagger in $MGI up 100%. I keep wanting to sell but it keeps going up. Now Paypal rumors are swirling about a buyout.
One thing about $MGI is they are always involved in some buy out rumor.
My uncle who gives me about one stock tip a year, but they are always good, gave me $CIG last week. Bought at 2 and its already up 10%. They are a Brazillian power company that pays out a dividend once a year even though a 2 dollar stock. I don't know much about them, but like I said, my uncle only gives out winners.

did that rise correspond with the dividend?
Congrats on MGI!
Ahhh I remember yelling about that in the 2s.....

 

[44nutman]

did that rise correspond with the dividend?
.

Honesty, its tough to find any info on this company. No dividend announcement yet at least based on my account. I have seen a bunch of rating companies making the stock a buy or giving favorable ratings. Based on their chart they did the COVID dive in March and not made it back to the March high price yet which was $3.75.
Its an electric company, so they should not lose money. Bought a 1000 shares and will have a quick trigger on them, because its tough to get info on them but would like to hold for at least one dividend.
As I said, my Uncle has been money with his stock tips for the last 10 years, does not give a lot of them, but when he does I listen.

 

[rob mafia]

today, i managed to lose money from bed.

and funny enough, i had carrots and beets last night, too...

 

[brackis1]

lol wow FUBO TV murking it. Up like 90% in a month now. Prolly due to crash.

 

[rob mafia]

lolz @ rkt

lolz @ this market right now.

$1B in buybacks. it has a $2B market cap. will definitely make some moves on it, not sure in which manner. might just sell a wall of puts against it.

lolz @ prpl. and i still think it's crazily overvalued.

 

[Cuzcatlan]

Just waiting for my Sell puts on Plug to expire worthless this Friday $18.
I might get PLTR assigned. I sold 2 puts at $15 for $1.27 for this Friday. It's at $14 right now. Earnings are Thursday after hours. Technically I'm still up and will wheel it out with a sell call next week.

 

[brackis1]

For some stupid reason while really stoned after hrs at almost 8 eastern I bought AMZN and not sure why lol. Hopefully the market doesn't tank over night but futures seem mildly green. I can't stand trading high price stocks; the mental math is more taxing.

 

[brackis1]

For some stupid reason while really stoned after hrs at almost 8 eastern I bought AMZN and not sure why lol. Hopefully the market doesn't tank over night but futures seem mildly green. I can't stand trading high price stocks; the mental math is more taxing.

Yay drugs!

 

[rob mafia]

Yay drugs!

lolz

 

[brackis1]

lolz

I have had a rainman autumn. Only up a "decent" amount but if I actually followed my comments here to a T I'd have like, doubled my net worth in a month lol.

 

[rob mafia]

I have had a rainman autumn. Only up a "decent" amount but if I actually followed my comments here to a T I'd have like, doubled my net worth in a month lol.

i'm still mostly sidelined by that amd monkeywrench. but i could close the short calls for basically nothing. if i followed my comments/advise/style, i would have bailed on them, had more $, and fucktons more to play all these crazy swings.... and likely have more $.



i hate investing.

short term capital gains ftw!

 

[brackis1]

i'm still mostly sidelined by that amd monkeywrench. but i could close the short calls for basically nothing. if i followed my comments/advise/style, i would have bailed on them, had more $, and fucktons more to play all these crazy swings.... and likely have more $.



i hate investing.

short term capital gains ftw!

I'm really glad I didn't try to get on AMD.
I had shorted NVDA around 550 but pussied out and made nothing.
I told my cousin to buy AMD over NVDA like 3 months ago when AMD was 79 and NVDA was 480.
"Oh 500 is the ceiling on NVDA and AMD can hit 100!"
AMD ripped 8% the next day; I felt like a genius and he has basically lost money on it now.

 

[rob mafia]

I'm really glad I didn't try to get on AMD.
I had shorted NVDA around 550 but pussied out and made nothing.
I told my cousin to buy AMD over NVDA like 3 months ago when AMD was 79 and NVDA was 480.
"Oh 500 is the ceiling on NVDA and AMD can hit 100!"
AMD ripped 8% the next day; I felt like a genius and he has basically lost money on it now.

i mean, few could have foreseen that self-inflicted wound. not only did the xlnx deal happen after it was rumoured to be dead... but it happened for $5B more than initially rumoured (30). and... it's not even a $35B deal, anyway... the conversion rates make it look to be more like $40-45B (or less, if amd's stock is still tanked). the terms are so bad i have a hard time believing it. phenomenal deal for xlnx shareholders, though.

it brings a nice arbitrage to xlnx, which i tried to take advantage of... but xlnx's options are sooooooooo dead (and with the widest bid:ask spreads i've seen in ages) that i can't get any to sell without hitting the bid. so that's probably not worth it for me, either.

but i knew amd was going to blow away their ER and then there was another catalyst the next day (GPUs)... so i just had to make a huge play... and now i'm stuck wondering if i should hold it for a year (sold $130-140 LEAPS on it, but closed them in this week's drop)

but yeah, if it wasn't for that shitty deal, i think they would have hit $100 by end of october. it was literally their best ER ever.

 

[kahiljabroni]

Half my shit up big....half down big.

Feel like I'm just throwing darts at this point

 

[brackis1]

Half my shit up big....half down big.

Feel like I'm just throwing darts at this point

I mean your tech is up and your dows are down I'm guessing?

 

[rob mafia]

and i'm debating making retarded moves on rkt.

i picked up a bit and sold some puts... i'll look into their ER (didn't really read it yesterday), but if a $2B market cap has $1B in buybacks... it seems silly to not go in, outside of some utterly insane risk factors.

 

[kahiljabroni]

I mean your tech is up and your dows are down I'm guessing?

Yes but my tech has been killed for days and I just started rotating to some dow positions...which immediately get killed and my reduced tech position gains just cancel out.

 

[brackis1]

Yes but my tech has been killed for days and I just started rotating to some dow positions...which immediately get killed and my reduced tech position gains just cancel out.

Once trends establish, trends take a break

 

[kahiljabroni]

and i'm debating making retarded moves on rkt.

i picked up a bit and sold some puts... i'll look into their ER (didn't really read it yesterday), but if a $2B market cap has $1B in buybacks... it seems silly to not go in, outside of some utterly insane risk factors.

Buying long position? Buying calls?