Economy stonks v9, bubble yum

BIKES! said:
My bike came in Feb and has broken twice - still rideable but cracking and squeaking to the point it's annoying. The backlog on repairs during Covid is like 60-90 days.

The $39/month is a fucking joke. I don't do the classes, I just catch up shows (The Boys is awesome) but my wife does 3 classes or so a week. I think most people in 12 -24 months will get fed up with the shitty bike that requires constant maintenance and do the free spin classes at their local gyms that are already less than $39/month.
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I’m curious about something and maybe you can answer it. My building has 4 bikes and each one has a turn knob for paddle resistance that was designed 40 years ago. Is that on all models or just the lower end version I assume my building purchased?
 
Hope someone enjoyed the 4% I gave them on ACI today into the AH :)
 
lolz, i fell asleep at 3ish.

woke up st 3:57 when i heard them talking about comcast, sold a dumb put on it, went back to napping.
 
Gas121 said:
A abit of a blood bath today. But I'm enjoying some of these lows to buy up stock, especially my longer hold strategy.

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I added some more $MSFT under 198 this morning. I am long with them, and waited damn near 3 weeks for it to get below 198. It turned after my buy some, but like I said they have always been a buy and hold for me. If it gets there again, I will buy some more. I thought $AAPL would get below 100 and I would suck up some more, but it got slightly below 105 and then turned. So I am adding if the price is right on some stocks as well.
 
asdffdsa said:
Recently nickel had been very good to me until Friday. The consequences of what happened Friday will take some time to play out, but I have a feeling it isn't going to be pleasant for me. Since most of these threads are filled with success stories, I'll change things up and reveal my latest debacle.

Predictably the nickel hype has done a lot for a number of marginal nickel plays. I have sold all my shares of Nickel Creek Platinum, FPX nickel, and most of my Giga Metals shares for a nice profit. Unfortunately I piled a decent amount of that money into Bolt Metals. The share price action alone suggests something was very wrong, but in the previous nickel rally it was the last stock to move. Figured I'd give it a shot. The deposit is IMO better than those of the other companies I mentioned especially if you factor in that they have mining and environmental permits. I figured the market cap couldn't possibly get much lower, but on Friday the company announced a share consolidation to be followed by the issuance of 10M shares for some gold-silver properties in Navada. That is about 80 percent of the outstanding shares after the RS for some dirt in Nevada instead of cash.

I believe the best case scenario is that they are stealing nearly half the company because nobody is dumb or incompetent enough to do what they just did.
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lolz, well... good luck with bolt.

and no worries, this shouldn't just be success stories. i was bitching about mu tanking on me (i did get out with a decent gain, though) and the nkla puts that just wouldn't print... (and how spwr was the bane of my existence for a few months)

but with metals, i was playing it rather safe and was mostly theta ganging them. i would have made more on lac/some others if i just bought shares/calls, but whatever. less risk, less reward.
 
Been 90%cash since this correction started. Bought 20k of sqqq last Thursday and sold for a measly profit...could have made a quick couple grand if I held til today. I'm pretty good at predictions...terrible at having the conviction to hold.

With the election and probable fall covid spike im thinking there will be some good opportunities for long term holds.
 
44nutman said:
I added some more $MSFT under 198 this morning. I am long with them, and waited damn near 3 weeks for it to get below 198. It turned after my buy some, but like I said they have always been a buy and hold for me. If it gets there again, I will buy some more. I thought $AAPL would get below 100 and I would suck up some more, but it got slightly below 105 and then turned. So I am adding if the price is right on some stocks as well.
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MSFT & AAPL are solid businesses.. The weak hands are leaving the stock and just lol at the greedy investors 'but but why is the stock dropping' erm because tech has been on a massive bull run. Whilst they leave in droves I am buying up these stocks. MSFT is on discount at the moment. AAPL is still a little over valued but a buy.

Just waiting to off load my Tesla garbage and will buy some MSFT & RKT.

Should probably lay off RKT lol i am in balls deep, but its on discount.
 
Gas121 said:
Just waiting to off load my Tesla garbage and will buy some MSFT & RKT.

Should probably lay off RKT lol i am in balls deep, but its on discount.
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imo, both of them look pretty good right now. i actually have 100 shares of rkt from one of my puts getting assigned on friday, and i'm debating selling more puts on them (also, i sold/bought back a call on that lot 3 times today [25/10, 20/10, 20/10 - all @ $24 weekly], so it's delivering consistent smallball tardgains in its one day of being held. of course, if i was daytrading it, i could have easily sold at 22 and bought at 21, so... )

msft is obviously solid. the sp might drop more, but msft isn't going anywhere. i should probably have been longing it (especially since the msft 200 meme), but... yeah, i don't like longing much. and today's news is weird. buying out bethesda/etc is/could be kind of a big deal, but $7.5B seems like an insane overpayment.
 
rob mafia said:
imo, both of them look pretty good right now. i actually have 100 shares of rkt from one of my puts getting assigned on friday, and i'm debating selling more puts on them (also, i sold/bought back a call on that lot 3 times today [25/10, 20/10, 20/10 - all @ $24 weekly], so it's delivering consistent smallball tardgains in its one day of being held. of course, if i was daytrading it, i could have easily sold at 22 and bought at 21, so... )

msft is obviously solid. the sp might drop more, but msft isn't going anywhere. i should probably have been longing it (especially since the msft 200 meme), but... yeah, i don't like longing much. and today's news is weird. buying out bethesda/etc is/could be kind of a big deal, but $7.5B seems like an insane overpayment.
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RKT seems stagnant at the moment, not to much movement. Stock could go to 18-20 range. Not to concerned with the dips, just buying up more for a long term hold. Seems a decent stock to short at the moment, although the margins aren't huge.

Yup agree somewhat, not sure where MSFT is heading. Not a whole of innovation or anything happening but long term who knows. Holding a small position for now.

ArmenianAssasin said:
I’m just concerned that this is going to be a sell off like we saw in March - banks, airlines , retail and cruise lines are already at or below march levels
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I would not be holding any of these stocks right now personally. I was holding ANZ (Australian bank), consisted of 10% of my portfolio. Stock was bouncing around everywhere. Now its tanked on fears of second lockdown. I sold a few months ago for measly gains and sold the rest now but I figured there was nothing to gain with Covid around. These stocks are seriously volatile and could go bankrupt. It will take years for them to recover if ever in my opinion. If you have big positions, I would probably get out but thats me lol
 
Damn fcuked my sleep schedule up from traveling to elevation for the week and coming back home. Woke up Premarket and saw Nasdaq up and my EOD FSLY short was down (up to me) 1.5% and closed it. Now it keeps bleeding 4%
 
44nutman said:
I added some more $MSFT under 198 this morning. I am long with them, and waited damn near 3 weeks for it to get below 198. It turned after my buy some, but like I said they have always been a buy and hold for me. If it gets there again, I will buy some more. I thought $AAPL would get below 100 and I would suck up some more, but it got slightly below 105 and then turned. So I am adding if the price is right on some stocks as well.
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I had a huge buy order for Apple at $105 and would’ve hit it when it slightly dipped into high $104 range yesterday but I bailed last second. I could be wrong but if we continue this down trend in tech my new entry point is $100. Maybe sell some puts and when it hits that range buy in and hold for the long term. The only concern would be them dropping the new 5Gs. Either way, the company is too big to not continually climb every year.

I know $105 to $100 doesn’t seem like anything but buying in for $20k that’s 10 shares. That’ll be $3-$5k more for my son in 10 years when I give them to him so worth the wait.
 
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$NBL is killing me. I am still up and waiting on the takeover by $CVX. Should have sold when over $10 but wanted the $CVX stock.
$NBL is 52% short, lawsuits every where and most people pissed with the buyout terms. Most share holders are in way higher than Me.
What I find iS am starting to see articles saying the merger is good. So $NBL paid for those. Beginning to regret my hold position but still up. The slow bleed is frustrating. I keep saying give it a week but this might be the last week.
 
G-19 said:
I had a huge buy order for Apple at $105 and would’ve hit it when it slightly dipped into high $104 range yesterday but I bailed last second. I could be wrong but if we continue this down trend in tech my new entry point is $100. Maybe sell some puts and when it hits that range buy in and hold for the long term. The only concern would be them dropping the new 5Gs. Either way, the company is too big to not continually climb every year.

I know $105 to $100 doesn’t seem like anything but buying in for $20k that’s 10 shares. That’ll be $3-$5k more for my son in 10 years when I give them to him so worth the wait.
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If Apple drops to $100 I’m going big too. I don’t see it happening though. The next iPhone is just around the corner...
 
Shorting DPHC when it popped at the open was a great gift; now I can sleep if I choose :)
 
Hah just my luck I was looking at coty EOD @ a pathetic $3... slept on it....already up 8%. Womp womp.
rob mafia said:
i tried to play options on this, since the chains finally opened up. but no one was biting.
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Yeah it seemed abnormally high given the EV plunge and a Cramer sell rating.
 
Boys... I'm sitting on piles of cash (>$100,000). What am I supposed to do with all of it?
 
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