Economy stonks v25, return of the fedi

extremely odd day with indexes down and ark and random shit up.
I shorted a bunch of Walmart into today; wishing I'd done the same with Target lol
 
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Seems to be a huge price disjunctiuon with AMC up more than NCMI on disclosure that AMC has a reportably large stake of the horrific-charted cinema advert minicap
 
brackis1 said:
extremely odd day with indexes down and ark and random shit up.
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yeah, indexes are rekt and i'm seeing green everywhere. even the russell is quite red, so i'm confuzzled.

brackis1 said:
That didnt last long
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i'm still seeing all kinds of green. lolz

maybe i have more trash on my lists than you. lolz.





funny that $cost is finally dropping. PE of fucking 40 during a bear market. still can't figure that shit out...
 
rob mafia said:
yeah, indexes are rekt and i'm seeing green everywhere. even the russell is quite red, so i'm confuzzled.


i'm still seeing all kinds of green. lolz

maybe i have more trash on my lists than you. lolz.





funny that $cost is finally dropping. PE of fucking 40 during a bear market. still can't figure that shit out...
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yeah I dont know why I wasnt short that. Dumb dumb shit
 
i'm getting real sick of this market being completely retarded.

boomer shit's overvalued. wmt and tgt miss earnings. obviously, the nasdaq should tank 5% because this is so tech sector related.

<{vega}>
 
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9twF.gif
 
Costco, of all stocks, got obliterated. Down 13%!!! Oh, well, I was just saying I'd love to buy more cheaper, I guess this is my opportunity.

Also picked up more HD at $283 and WGO at $50.
 
HOLA said:
Costco, of all stocks, got obliterated. Down 13%!!! Oh, well, I was just saying I'd love to buy more cheaper, I guess this is my opportunity.

Also picked up more HD at $283 and WGO at $50.
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costco is still insanely overvalued, imo
 
HOLA said:
It certainly isn't cheap. One of my favorite businesses though, just hard to get a good entry price.
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Buffet and Munger said in their last meeting it was trading far to high. Great company though. I think we will get to see plenty of discounts the next few months. I think the next quarter will be the ugliest tbh.
 
"The selling pressure on Costco (COST) was already in overdrive before a fake story was posted online indicating that the retailer was raising the prices of its hot dogs by $1."

lol.
 
kahiljabroni said:
Hmm big red day must follow big green day. Let's drill this turd again. I think we go fill some gaps and then the bear market rally is on. Buying some calls
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Picked up some SQQQ yesterday and riding this one for a while. Waiting to get into DRIP to hedge against my oil plays. I don't think this is it yet until next quarter which I expect to be dire but expecting big profits for oil.. Keen to buy BP but under $28 large. Hoping this turd market drills into earths core.
 
Gas121 said:
Picked up some SQQQ yesterday and riding this one for a while. Waiting to get into DRIP to hedge against my oil plays. I don't think this is it yet until next quarter which I expect to be dire but expecting big profits for oil.. Keen to buy BP but under $28 large. Hoping this turd market drills into earths core.
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Well one of us will make money lol. Probably you as I've been wrong alot lately. EOD I bought a bunch of calls going out a month or more. If we tank tom I'll probably close them as I think we either bottomed today (short term) or we about to sell off even harder.


I'll say that the vix filled its gap to the upside and qqq to the downside. Might mean something..might mean nothing
 
kahiljabroni said:
Well one of us will make money lol. Probably you as I've been wrong alot lately. EOD I bought a bunch of calls going out a month or more. If we tank tom I'll probably close them as I think we either bottomed today (short term) or we about to sell off even harder.


I'll say that the vix filled its gap to the upside and qqq to the downside. Might mean something..might mean nothing
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I think I'm maybe starting to push my luck with my ultra bearish stance but I'm sticking with SPY drills to sub $350. Still plenty of trash valuations out there that need to come down. That said, a few bargains appear to be emerging in the market. I actually like Buffet's play $C here. I was in the stock but sold out at $60 before the tank this year. Hoping it tanks under $42 before taking a position. Currently holding one long position $SFM with no intention to sell it.

I think recession is likely round the corner but I guess JPOW has plenty of tools in his toolbox right. Fasten your seatbelt!
 
I'm thinking about buying some puts tomorrow on Apple, joining Michael Burry. If we have another leg down I have to imagine it's led by companies like Apple and not the tech companies already beaten down.

Also think I'm going to look at making a play on oil.
 
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