Economy stonks v26

Cathie to be named worlds top investor for 2023.
 
rob mafia said:
holy shit, lcid up 69%

lolz
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buy the rumor or something.
Rumor is the Saudi PIF(public investment fund) wants to buy them out.
I have been in and out of $LCID, 6 times since they were a SPAC.
Was on the road all day today, and the halts fucked me making more, but still got out . I will be back in after they drop. I dont believe the rumor and after this kind of spike on a just a rumor, it will drop some next week.
Speaking of rumors I have been in and out of $AVYA 3 times since September. They ran this week on a new hire who is known for negotiating bankruptcy with banks.
Got out yesterday and they dropped today. There problem is if they can renegotiate their debt they will fly and if not then will have to file bankruptcy.
Bought initially on the new CEO who does a good job. I will be back in once is drops below .30 but its pure gambling, but have made enough on them to gamble and still keep some of my prior sale profits.
 
rob mafia said:
i know, i wouldn't be surprised if it's true since they already own like 90% of lcid or something, anyway.
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Problem is the same story popped up when Lucid was still $CCIV or whatever the hell the SPAC trading symbol was. The same rumor popped up and it ran and I got out that time as well.
 
44nutman said:
Problem is the same story popped up when Lucid was still $CCIV or whatever the hell the SPAC trading symbol was. The same rumor popped up and it ran and I got out that time as well.
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maybe, i dunno. i recall the big one that spiked it to the 40s was just that it WAS lucid. which was funny since the rumour is actually what led to the deal, anyway.

iirc, the saudis owned it, so the rumour (of them taking it [cciv] private) wouldn't have made any sense, since the spac was doing the opposite.
 
Posco Chemical (NYSE:PKX) said Monday it won a 40T won order (~$32.6B) from Samsung SDI to supply cathode materials for electric vehicle batteries during the 2023-32 decade.

A tidy sum, especially considering Posco has less than a $20 billion market cap.
 
I was just talking to a former colleague who runs a big company in another state. He said his interest expense is up $150M this year and he's working on a big reorg/cuts. Very few companies don't run debt and I think this year is going to be ugly...
 
rob mafia said:
maybe, i dunno. i recall the big one that spiked it to the 40s was just that it WAS lucid. which was funny since the rumour is actually what led to the deal, anyway.

iirc, the saudis owned it, so the rumour (of them taking it [cciv] private) wouldn't have made any sense, since the spac was doing the opposite.
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exactly.
I'm hating my life for not being at a computer on friday to have caught some short action above $15
 
BIKES! said:
I was just talking to a former colleague who runs a big company in another state. He said his interest expense is up $150M this year and he's working on a big reorg/cuts. Very few companies don't run debt and I think this year is going to be ugly...
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Developers near me are struggling to sell a number of newly built dwellings now that were selling like hot cakes the previous years. Just sat there empty now. Prices have been dropping steadily. I went to take a look out of interest, the agent said its getting tough out there and they haven't much interest at all. Will be an interesting few years for the industry.

Looking to get short on $TOL and a few others I think.
 
Thought my $BABA put was toast. Now will at least get out making money
 
Gas121 said:
Developers near me are struggling to sell a number of newly built dwellings now that were selling like hot cakes the previous years. Just sat there empty now. Prices have been dropping steadily. I went to take a look out of interest, the agent said its getting tough out there and they haven't much interest at all. Will be an interesting few years for the industry.

Looking to get short on $TOL and a few others I think.
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Not much sale action going on and due to interest rates not many refinances. Luckily I do legal work as well, people always die and get divorced. Also do private work for investors.
Been turning down some divorce work(unless neither spouse is present) because at one in October, wife came home, was not supposed to be there and put a .25 to her husbands nose. I was about 40 ft away when she did it, so was not too worried because that’s about all the range her gun had. He wrestled it away.
Crazy part is cops never took her in, just took her gun.
 
Gas121 said:
Developers near me are struggling to sell a number of newly built dwellings now that were selling like hot cakes the previous years. Just sat there empty now. Prices have been dropping steadily. I went to take a look out of interest, the agent said its getting tough out there and they haven't much interest at all. Will be an interesting few years for the industry.

Looking to get short on $TOL and a few others I think.
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1-year-libor-graph.png



Ughh. There is going to be so much less money to invest with all the new interest crushing bottom lines...
 
44nutman said:
Not much sale action going on and due to interest rates not many refinances. Luckily I do legal work as well, people always die and get divorced. Also do private work for investors.
Been turning down some divorce work(unless neither spouse is present) because at one in October, wife came home, was not supposed to be there and put a .25 to her husbands nose. I was about 40 ft away when she did it, so was not too worried because that’s about all the range her gun had. He wrestled it away.
Crazy part is cops never took her in, just took her gun.
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Crickey, that's absolutely nuts.
BIKES! said:
1-year-libor-graph.png



Ughh. There is going to be so much less money to invest with all the new interest crushing bottom lines...
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I doubt it'll be anything as bad as 2008 but it's going to get interesting to see how it plays out.. Will need to conduct a bit more research but I think the party is over personally with higher rates, plus high inflation and the lay offs starting to roll in. Credit being maxed out as well, so finances are being stretched.

Already seeing the 'soft landing' is being achieved or likely articles now. You just know markets are going to roll over again soon lulz. Long dated PUT's for me. It's either we hang around here for a while or we are on the brink of a good dump. I'd be astonished to see new highs but hey, it's always possible.
 
44nutman said:
Not much sale action going on and due to interest rates not many refinances. Luckily I do legal work as well, people always die and get divorced. Also do private work for investors.
Been turning down some divorce work(unless neither spouse is present) because at one in October, wife came home, was not supposed to be there and put a .25 to her husbands nose. I was about 40 ft away when she did it, so was not too worried because that’s about all the range her gun had. He wrestled it away.
Crazy part is cops never took her in, just took her gun.
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My bro is an attorney that has his own firm. He does a lot of Trust work where one beneficiary or the trustee/sibling goes rogue and loots the trust. The cases are easy to win but if a sibling is the trustee and steals the whole trust it's not like criminally they get in trouble. The courts don't give a shit about money stolen between individuals. He had one client recently where after he won the case and found out collecting money from a dead-beat sibling who stole everything is nearly impossible, he threatened to kill my brother and brought a gun to his office. Shit will get even weirder when more and more people are strapped for cash...
 
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