Economy Stonks v11, the stonkening

[rob mafia]

SPCE and QS offering RIP

lolwtf? haha. spce offering? that makes no sense at all!

 

[HOLA]

I don't understand why you think that's crazy? The efficient market hypothesis is taught on day 1 of every finance/ economics degree. It's on the first 5 pages of every macroeconomics textbook. Study after study confirms it.

The efficient market hypothesis is definitely disputed. The Super Investors of Graham and Doddsville is a really great speech by Warren Buffett from 1984 which goes into it. First time I came across this was at the end of my edition of The Intelligent Investor (whose Mr. Market allegory also explains the problems with EMH) https://www8.gsb.columbia.edu/sites/valueinvesting/files/files/Buffett1984.pdf

Seriously jealous of those returns from Buffett btw. 29.5% annual compounded rate from 1957-1969 vs. 7.4% for the DOW over the same period.

 

[rob mafia]

 

[brackis1]

lol Cramer blaming "the government" for wealth inequality is so rich in trying to pretend like he isn't jiozzing himself over how things have played out.
"they let the rich get richer and didnt help the little guy!" then endorses a bunch of right wing babble.


Meanwhile another 3% added to TSLA for no reason because "bro S and P bro, its gonna be big bro"

 

[brackis1]

Wow I thought I fucked up buying some cyberark premarket by outbidding the bid-ask on a hunch. Ran 7% and I'm gone already.
That and FireEye were the real plays after they crashed on solarwinds hack news.

 

[Cuzcatlan]

Thank God I bought my JMIA call back at the $41 strike for today and moved it to the $55. JMIA up almost 10% today.

 

[rob mafia]

θ powahhhh

 

[rob mafia]

speaking of powahhh, i've solved the riddle of steel. it's not that flesh is stronger.

it's that whenever i make a move on x, it's the top of their chart.

pictured: hobo succeeds in swindling his mark

pictured: x's chart

thinking how jacked he's gonna be from lifting steel bags.

 

[rob mafia]

GAHAHAHAHAHAHAHAHAHAHAHA

 

[brackis1]

GAHAHAHAHAHAHAHAHAHAHAHA

this related to X?

 

[brackis1]

Wow I thought I fucked up buying some cyberark premarket by outbidding the bid-ask on a hunch. Ran 7% and I'm gone already.
That and FireEye were the real plays after they crashed on solarwinds hack news.

lol holy fuck these kept running. What a herd market.

 

[rob mafia]

this related to X?

no, just a beautiful, wonderfully timed dip

edit: dawws, was hoping tsla would close under $600

 

[44nutman]

@rob mafia
Thanks for BEEM, up 245% last 3 months.

 

[rob mafia]

@rob mafia
Thanks for BEEM, up 245% last 3 months.

no problem, get that $.

i sold long ago, haha.




and i tried to find a gif of conan throwing the witch into the fire but failed to find a gif of it. inexplicably, this came up in the search, though... so sure, artist's depiction of today:

 

[rob mafia]

i'm still so pissy that arm isn't a publicly traded company... and was/is owned by fucking softbank (ugh) and pending sale to nvidia (ugggggggghh) - which might not be allowed to happen, anyway (i think there's a good chance of it being blocked).

been wanting to play an arm/amd portfolio for years now. and now that amd's run this hard and tsmc's bottlenecked the entire industry... i barely even play it and only touch the xlnx arbitrage.

@BIKES! (or whoever is holding intc)



i've been loading up on intc puts the day before their ER and at this rate, i'll probably do it again

 

[Hadron90]

How do you guys trade? fundamentals, math/ modeling (like black. scholes type stuff and market correlations and the greeks and stuff), price action?

How do you square away active trading with the fact that a broad market portfolio like the S&P 500 that you never touch outperforms even the best fund managers in the world? And anyone who does outperform it only does so with the odds of flipping a coin (like if 500 people flip a coin 10 times, 1 guy will get heads 10 times in a row)? The efficient market hypothesis has been beyond proven time after time, it's not even up for debate.

I mostly play IPOs and SPACs in my Robinhood account. I typically just buy a bunch of shares right away, and then if the stock starts to become a meme, sell OTM weeklies on it until I end up losing and getting assigned.

In my longer retirement account, I have a bunch of boomer stocks that I use the wheel strategy with (sell calls. If you get assigned, switch to selling puts). That works well for the boomer dividend stocks that are boring.

 

[Hadron90]

SPCE and QS offering RIP

Who fucks up a launch, and then decides to do an offering right after? What an asshole.

 

[rob mafia]

I mostly play IPOs and SPACs in my Robinhood account. I typically just buy a bunch of shares right away, and then if the stock starts to become a meme, sell OTM weeklies on it until I end up losing and getting assigned.

In my longer retirement account, I have a bunch of boomer stocks that I use the wheel strategy with (sell calls. If you get assigned, switch to selling puts). That works well for the boomer dividend stocks that are boring.

wtf?

surprised to see this much theta gang on here.

also, lolz @ "losing."

 

[brackis1]

Guys according to CNBC Tesla is going to get bigger because of Jets and HVAC.

 

[superpunch]

I mostly play IPOs and SPACs in my Robinhood account. I typically just buy a bunch of shares right away, and then if the stock starts to become a meme, sell OTM weeklies on it until I end up losing and getting assigned.

In my longer retirement account, I have a bunch of boomer stocks that I use the wheel strategy with (sell calls. If you get assigned, switch to selling puts). That works well for the boomer dividend stocks that are boring.

lol so you literally just do options in one direction and then switch to the other once you get exercised against yourself, on blue chips? does that actually work? it sounds too easy to be true haha.