This was a classic literature . Helicopter money
and they got it.And it’s clear now that regular old helicopters won’t cut it. The market wants a fleet of CH-47 Chinooks that can carry payloads of 50,000 pounds each to start dropping cash bales as soon as possible.
draftkings ipo is going greaaaaaaaat
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
people stacked up on this ipo through the roof because its been hyped for years, combined with recent events making any online gambling opportunities a cash cow at face value.
herbs really did expect 70 price range by end of day and bought in accordingly.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
this one will actually be interesting...obv wouldn't touch it with a 10 foot pole, but want to actually see their financials with sportsbetting coming online...and to see how much they're making from DFS still...
I only use 2 books regularly in NJ, foxbet (old stars) and DK and DK by far is the most aggressive with their limits on futures...don't know if it had to do with this impending IPO or what...i wanted to bet $500 on a NFL draft future they limited me to $36 and i was betting a -135 line...tried to bet like $50 on viktor hovland to win the masters...that was 80-1...they gave me like $15 right away and had to clear the other $35...tried to bet around $100 on the LAD under in baseball at -110...they gave me something like $40 right away and rejected the other $60...eventually got the other $60 down a few days later...id LOL if they had my account marked as "sharp", but to be so stingy on the amount im betting at the lines im betting at is really surprising...
Market been boring this week other than getting my face bashed in caught short early on.
Probably give it another week here but I may repurpose the account back to buy and hold.
facebook announced they are rolling out a video-messenger room as some sort of zoom killer feature and apparently it is in fact a zoom killer:
Last edited by sonatine; 04-24-2020 at 12:47 PM.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Missed this but I think the important story is ad spend.
Google is showing us the way. It’s a marketing/ad revenue story across the whole economy with an interesting trickle down. Ad spend is settled up months later.
If only the Fed wasn’t committed to unlimited stimulus we could get back to the game we love. This is bizzarro land.
NY Gov Cuomo taunting Mitch McConnell. He’s daring him to skimp on bailing out municipalities.
Municipal defaults would be a good look, per Cuomo.
Daly explained that unlimited stimulus is ok. Why doesn’t McConnell see this too?
We will prolly rally Monday.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Time to challenge the Fed.
Reality is not gonna square with hope.
Will start building my shorts starting tonight
We will see if this turns into a suicide note. I doubt it
Days were running together. Casino closed sat nite. Tonight, Sunday, we are up 270 on Dow.
I can’t push the buttons for you.
Last edited by Sanlmar; 04-26-2020 at 09:51 PM.
watching finbros try to TA tsla earnings is honestly making me weep for the species.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
This is just a Fed story. You can see the momo chasing the old momo. It’s not small cap or value.
You are correct that fighting the tsunami of stimulus is dangerous and can last longer.
I think optimism is about to get crushed by reality. IF openings were more widespread I would feel better about my short.
Just as we bought during the Ackman panic afternoon. We need to sell this moment.
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