Economy stonks v26

OXY jumped backed up over that $59.62 level very quickly this time. $61.3 now.

Got my average cost per share down to $60.39. $70 is my target exit price.

OXY's recently announced carbon capture hubs seem to really be pissing the oil guys off, but they'll probably be singing a different tune if they turn out to be really lucrative. Don't hate the player, hate the game, right?
 
He's still going. Good.

Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) has resumed purchases of Occidental Petroleum (NYSE:OXY) shares, raising its stake in the oil company to ~22%, an SEC filing showed Tuesday.

Warren Buffett's company paid ~$355M for nearly 5.8M Occidental (OXY) shares in a series of trades on Friday, Monday and Tuesday, at prices in the $59.80-$61.90 range, according to the filing.

Berkshire (BRK.A) (BRK.B) now owns 200.2M Occidental (OXY) shares worth $12.2B based on Tuesday's $60.85 closing price.

Buffett's shares would generate ~$144M of annual dividends, following Occidental's (OXY) increased payout announced last month.

Berkshire (BRK.A) (BRK.B) also owns $10B worth of Occidental (OXY) preferred stock as well as warrants to buy another 83.9M common shares for $5B.

 
oh boy has SMSI fallen. Selling that shit pile at $5 and losing 40% is my play of 2020s. Lol how low can it go.

Lol at UAL P/E vs. AAL P/E

I still like airlines through Q2 earnings. Valet has been sold out the past three weeks and travel is booming. I just booked two international trips and they are $15K and $11K. That's like 30% higher than LY.
 
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i still don't understand why so many of you were in smsi, to begin with
 
damn was tempted to get back into SFIX after earnings tanked it, wimped out, and it rallied 15% fiercely.
 
Nice dump. Shorting the Euro markets here too, way over extended. Holding short positions into next week.
 
Nice day to go shopping.

California Governor decided to cancel contract with Walgreens over abortion bill.

Bought WBA and CVS

Other purchases
BAC
WFC
OMF
TSLA
 
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Swiftie said:
Nice day to go shopping.

California Governor decided to cancel contract with Walgreens over abortion bill.

Bought WBA and CVS

Other purchases
BAC
WFC
OMF
TSLA
Click to expand...

Tempted here but net short. Banks not looking in great shape thanks to Joe. I think more pain 2moro perhaps. Looks ugly.
 
what a time to be alive.

the fed raising/tightening til something broke, watching consumer spending and a bunch of sectors like a hawk.

meanwhile, banks are going tits up... from holding treasuries (lolz) and mbs.

then we get a bank run. with the fdic involved.

this shit is somehow both 1929 and 2008...

 
brackis1 said:
THIS IS ALL JOE BIDENS FAULT
Click to expand...

exactly, why didn't he just print that $1T coin?!

omg, i can't believe that was a serious consideration.

<{outtahere}>

anyway, from $1T coins to risk-free treasuries wiping out banks to some clown rambling about racism for 5 minutes in front of jpow without even asking him a question... it's been a week.

funny enough, i think this shit's bullish af. not for banks, though. haha. good luck raising rates now, motherfuckas.
 
aerius said:
Must be. Can't have anything to do with the last 50 years of failures in economic, social, and public policies.
Click to expand...
TECH BROS WERE SO CLOSE TO CREATING IMMORTALITY FOR ALL AND THEN HE CAME ALONG.
I LONG FOR MY CHATBOT SEX SLACE.
 
Some bull trap on futures today. This market is on a knifes edge. If CPI runs hot it’s going to make matters worse.

Holding shorts and looking to add.
 
balked at buying some banks this morning and would have been up bigly =[
had a short on ZION going into the day
 
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