Quote:
Originally Posted by sonatine
AR is on fire. Been trading it and it's step-son AM for months.
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Quote:
Originally Posted by sonatine
AR is on fire. Been trading it and it's step-son AM for months.
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
AR is on fire. Been trading it and it's step-son AM for months.
'fucking a nice' rather
it capitulated to the ema this morning so im holding off on taking a position until it reverses direction, but im glad you got a piece of this, it looks like its got a lot of momentum on the upside still.
morning action has taken some other players off the board:
htz trading kinda sideways
pe reversed trend early but ill keep an eye on it
slb dipped early but there might be confirmation on an upswing this morning
kos not much to get excited about in terms of moves and very little volume, ignoring
ugaz hard reversed trend in premarket and there might be a dece scalp opportunity on the bounce but im have bigger fish to fry
but we have real strong indicators on opk and tna so far. and opk just got an FDA nod plus they have earnings tonight. will probably long both.
Tellafriend: agree, AR will hit 4 shortly
we might see a big jump after hours tonight.. its acting like its ready to run again. $4 by the 15th wouldnt surprise me at all.
Fake Shit Meat huge uptick 26% today.
Funny, all the recent news has been that people cant afford to buy their product because of how expensive it is, Wall Street had no faith in growth, supermarket chains are going to compete with them and put out their own line etc etc...and now its doubled in stock price in the last month.
Peloton crushing in after market after positive forward earnings revisions. Think I mentioned a couple months ago that is a stock that could benefit from Corona. Think it’s up over 50% since then.
Quote:
Originally Posted by Sheesfaced
its also a classic Becky stock, hope you caught a piece of it.
I did a 5/8 289 SPY put on Monday that is well in the money, and I am holding onto it to see if we can get in the 270s. Will be nice if I can bag a big win with one of these options, as all of my forays into options so far have been either total losses or tiny wins.
Today I also did a 6/19 $20 Wendys put when they announced they ran out of meat and the stock inexplicably went up.
Rep should read: Win some lose someQuote:
Originally Posted by verminaard
Chart is in no mans land right now.
your spy put should be very strong, we punched through a few resistance levels already and their is a reasonable chance at us free falling into 270s by friday close.
i actually picked up a 286 strike today around 11am that was up +79% at close at 284.25 and weve been flirting with 282.x for the last 20 minutes.
Ha no doubt. My wife and her friends schedule synchronized workouts on their bikes together. Very Beckyish. Or is it Karenish now? I went long end of last year. Their fanaticism is part of why I went long the stock in December. That and the fact the street seemed to be pricing the company as an exercise equipment company instead of a disruptive software enabled hardware company a la Tesla. Not saying it’s anything remotely close to Tesla but I still think there is quite a bit of upside to he had. Obviously the Rona has provided a nice tailwind too.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sheesfaced
its also a classic Becky stock, hope you caught a piece of it.
All that said they could be the next Fitbit or GoPro.
Quote:
Originally Posted by SheesfacedHa no doubt. My wife and her friends schedule synchronized workouts on their bikes together. Very Beckyish. Or is it Karenish now? I went long end of last year. Their fanaticism is part of why I went long the stock in December. That and the fact the street seemed to be pricing the company as an exercise equipment company instead of a disruptive software enabled hardware company a la Tesla. Not saying it’s anything remotely close to Tesla but I still think there is quite a bit of upside to he had. Obviously the Rona has provided a nice tailwind too.Quote:
Originally Posted by sonatine
All that said they could be the next Fitbit or GoPro.
tsla and pton share a _lot_ of dna, very well bowled.
Quote:
Originally Posted by sonatine
lolbrrrrrrrrrrrr
Quote:
Originally Posted by sonatineQuote:
Originally Posted by sonatine
lolbrrrrrrrrrrrr
So I guess the recession is officially cancelled.
I guess the new economy is as follows:
1. Government prints money to give to US corporations that used to make consumer goods, but don't anymore because no one is consuming anything.
2. Government prints more money to give to plebeians, who used to have jobs making consumer goods but don't anymore because noone is consuming anything, which plebeians put back into corporations via the stock market and paying loans.
3. Money has no real function anymore, which is fine because no one is consuming anything anyways.
-I guess as long as we all agree this is how things are going to be from now on than things are fine.
-I actually got an offer to do a consulting job for decent $$. But I feel I am almost a sucker for taking it. Because I don't consume anything right now anyways, with no expectation that will change anytime in the near to mid future, so I could just file for unemployment and make enough to get by that way.
I know you know but we all really gotta internalize that the stock market is not the economy. It’s a board game.Quote:
Originally Posted by verminaard
For instance:
Treasury announces record $2.99 trillion in April-June borrowing to cover virus rescue efforts
This is tremendous good news if you play the market. In real life, it indicates enormous problems and need.
It’s like a donk poker player returning from the ATM. Game gets juicy. All that credit ends up with those who own assets.
At the end of the game the widow with 3 children passes her $ to the 1%.
I have trouble separating real life from the market too. It’s hard.
I’ve been playing the gym stocks. PLNT & PTON especially. Keep an eye on PTON Peloton. They just announced. At some point in the near future this is gonna roll over. Wait til it does.
These are $2200 stationary bicycles (and overpriced treadmills). Subscription classes. You can get a stationary bike from Amazon for $250 and tape an iPad to the handlebars. I joke, they all have a little tray for your electronics.
People aren’t going to pedal in their basement forever. The huge sales that just occurred are not sustainable.
End of day Thursday market has dropped to 287 which is breakeven area. So do I bail now or stay in and basically have to guess whether some random good or bad news tomorrow causes the market to shoot up or down for no good reason.Quote:
Originally Posted by verminaardQuote:
Originally Posted by sonatine
Daily Chart says more likely to go higher than lower from here. No guarantees tomorrow as an individual day in the overall trend will be an up day.Quote:
Originally Posted by verminaardEnd of day Thursday market has dropped to 287 which is breakeven area. So do I bail now or stay in and basically have to guess whether some random good or bad news tomorrow causes the market to shoot up or down for no good reason.Quote:
Originally Posted by verminaard
San I know you know the exercise industry but I disagree on PTON. Care to make a friendly wager on if stock is higher or lower 6 months or a year from now?Quote:
Originally Posted by SanlmarI know you know but we all really gotta internalize that the stock market is not the economy. It’s a board game.Quote:
Originally Posted by verminaard
For instance:
Treasury announces record $2.99 trillion in April-June borrowing to cover virus rescue efforts
This is tremendous good news if you play the market. In real life, it indicates enormous problems and need.
It’s like a donk poker player returning from the ATM. Game gets juicy. All that credit ends up with those who own assets.
At the end of the game the widow with 3 children passes her $ to the 1%.
I have trouble separating real life from the market too. It’s hard.
I’ve been playing the gym stocks. PLNT & PTON especially. Keep an eye on PTON Peloton. They just announced. At some point in the near future this is gonna roll over. Wait til it does.
These are $2200 stationary bicycles (and overpriced treadmills). Subscription classes. You can get a stationary bike from Amazon for $250 and tape an iPad to the handlebars. I joke, they all have a little tray for your electronics.
People aren’t going to pedal in their basement forever. The huge sales that just occurred are not sustainable.
So fair it looks like you were right. Going straight up after hours. Decided to ride it out and looks like gonna take a big L. It is what it is. Looks like I need to stop paying attention to reality and start playing the game better (or probably smarter find a new game to play).Quote:
Originally Posted by DalyDaily Chart says more likely to go higher than lower from here. No guarantees tomorrow as an individual day in the overall trend will be an up day.Quote:
Originally Posted by verminaard
I’m interested in hearing your take.Quote:
Originally Posted by Sheesfaced
Is this a premium brand with prestige? Will the Peloton name impress your girlfriend
Are they that well made?
There are going to be a lot of subscription classes out there that can be had for less than Peloton. I could put one of Cmoney’s cam girls on a bike at 6:00am and make a killing.
Get a gym grade bike for a few hundred and find your iPad and you’re good.
Talk to me
the richest people i know own pelatons.
It took only one month to go from 24 trillion to 25. I knew we could do it.
Markets are pricing in negative interest rates going forward . Bond prices are 100+
It’s happening. We never normalized after 2008. Even with a super heated market. Snooze ya lose.
Now we have no wiggle room
Game is getting incredibly hard to fathom. Something is going to break and I can’t imagine what or how. We all should be cash but we are sick.
Munger and Buffet know cause they’ve lived stuff we haven’t
Ya i hear you that's a wealthy young hipster decoration, most of the wealthy people i know with gyms have a elliptical trainers older crowd tho.Quote:
Originally Posted by sonatine
I wouldn't be surprised if Peloton gets into the elliptical business some day, would probably get a huge market share.
honestly thats a really good point.
the new bowflex or something.
Love how this thread shifted to overweight 40 and 50 yr olds, who probably haven't stepped foot in a gym since Clinton was getting head in the White House, capitulating about the new fate and trends of the fitness industry.
Brilliant. Just Brilliant.
Quote:
Originally Posted by OSA
interesting... so the biggest trump supporter in this thread is trying to clown on 'overweight 40 and 50 yr olds' for making a lot of fucking money and using the word 'capitulating' at random in the process.
anyway yeah youve given me a lot to think about.
tell you what, ill give you a 50% discount on my miracle covid destroyer elixir that trump has personally blessed. btc only pls, no term papers.
Unsure if this means anything but saw it this morning on yahoo finance. Cytodyn stock is tanking, I got out of it last week. I'm looking for something fun and risky to throw a small bit of money at. I did well with OVV (so far) and like the idea of some very depressed energy stocks. Open to suggestions and I won't be upset of I lose money.
https://www.businesswire.com/news/ho...-Holzer-Holzer
Regarding home fitness equipment, wealthy people are always happy to pay a premium for home fitness equipment, even if the cheaper version of a treadmill and bike accomplish the exact same task. The Peloton app and subscription seems to be very popular and I think they put out good stuff. My wife has the app but I won't let her get the bike or treadmill (yet). Every evening the kids do a fun 10 minute workout from the Peloton App and parents spread that kind of information. No clue what the future of the business holds but high end fitness equipment will always have buyers.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by OSA
interesting... so the biggest trump supporter in this thread is trying to clown on 'overweight 40 and 50 yr olds' for making a lot of fucking money and using the word 'capitulating' at random in the process.
anyway yeah youve given me a lot to think about.
tell you what, ill give you a 50% discount on my miracle covid destroyer elixir that trump has personally blessed. btc only pls, no term papers.
LOL @ me being the biggest Trump supporter. I promote 1/2 online now, cmon get with the program, tine.
Do you get 50% of their rake then offer 25% back to the person?Quote:
Originally Posted by OSAQuote:
Originally Posted by sonatine
LOL @ me being the biggest Trump supporter. I promote 1/2 online now, cmon get with the program, tine.
Are you making more than $10/day on it?
So my 289 spy puts, which were looking good when the. market was 282 a couple days ago are dead now. I really appreciate how all the market moves up have taken place after hours so I couldn't react to them. I am guessing this isn't an accident (not against me personally, but against people in my spot).
Quote:
Originally Posted by verminaard
there are 24 hours in a day, options can be traded during about 6.75 of them. and most of the markets most significant movement, the moves which generate inertia (interday speaking), happen about 90 minutes before and after that window.
you attempted a swing trade on an unstable security that's deeply and obviously unmoored from the abstraction to the abstraction it represents (read: broken).
tl;dr the game is the game.
Lol Step. This is what I saw at my gym everyday before the nazis closed it down. Weights and weight circuits are very popular. There are serious trainers and then some I call fat socialites. They come to the gym everyday to not exercise, but to socialize and lift a weight here and there. They are fatter than 2 years ago when I started due to zero cardio.Quote:
Originally Posted by OSA
On the cardio side, people use treadmills more than ellipticals. There are also fat nonsocialites that do this, walk slow on a flat treadmill doesn’t burn calories or provide a lot of benefit. They complain they can’t lose weight but their heartrate barely gets 10 beats above base, then they leave the gym and garbage up at the fast food drive thru. There are some that are serious runners on the treadmills who are buff, but they are the minority. It is hard to do an elliptical without sweating so those that think just being in a gym helps you lose weight don’t use them.
Group classes like Zumba and spin are popular and don’t see too many fat socialites attending. By nature these classes force you to sweat and the socialites don’t like to sweat.
It doesn’t matter how rich or poor you are or what type of expensive equipment you own, if it is not used regularly. It is all useless. Exercise can cost nothing or a lot for the exact same results.
Quote:
Originally Posted by splitthisLol Step. This is what I saw at my gym everyday before the nazis closed it down. Weights and weight circuits are very popular. There are serious trainers and then some I call fat socialites. They come to the gym everyday to not exercise, but to socialize and lift a weight here and there. They are fatter than 2 years ago when I started due to zero cardio.Quote:
Originally Posted by OSA
On the cardio side, people use treadmills more than ellipticals. There are also fat nonsocialites that do this, walk slow on a flat treadmill doesn’t burn calories or provide a lot of benefit. They complain they can’t lose weight but their heartrate barely gets 10 beats above base, then they leave the gym and garbage up at the fast food drive thru. There are some that are serious runners on the treadmills who are buff, but they are the minority. It is hard to do an elliptical without sweating so those that think just being in a gym helps you lose weight don’t use them.
Group classes like Zumba and spin are popular and don’t see too many fat socialites attending. By nature these classes force you to sweat and the socialites don’t like to sweat.
It doesn’t matter how rich or poor you are or what type of expensive equipment you own, if it is not used regularly. It is all useless. Exercise can cost nothing or a lot for the exact same results.
I go to Equinox where people pay $230 plus monthly so thankfully I dont see this. Almost everyone is there to work and get a pump. In Blink, Planet Fitness etc I have found that many(mostly women) do about 10-12 minutes on a machine....right up to the point.where they start getting uncomfortable and breaking a sweat and then shut it down. Its hilarious. I could time exactly when they are gonna get off once they start. If they actually put in work everytime they went to the gym, the once or twice fast food trek wouldnt be so bad.
Love the gym talk.
I think you guys will enjoy this “oil going negative” story. Fun character driven read.
A Canadian goes broke so it includes all our popular themes.
Oil Crash Busted Broker’s Computers and Inflicted Big Losses
https://www.msn.com/en-us/money/mark...es/ar-BB13NLh2
Quote:
Simpdog usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn’t resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever.
What is ironic about this story is that the Interactive CEO was perhaps the very first high frequency trader in history. He hooked up a computer to his Bloomberg in the 1970’s. That’s a decent cat and mouse story too.
Quote:
Originally Posted by sonatine
h'ok lets see how we did.
predicted price on top, actual open/close (if i had opened/closed positions the morning after posting) below. total win/loss based on $1000 investment on each with no stop-loss and a mandatory closeout tonight.
htz short 2.85
lol hertz up 7%+ on news its tapped in someone competent for its bankruptcy. fail.
open: 3.17
close: 3.26
-28.39
tna long 22.5
exceeded wildly. +11.3% today alone to 23.47.
open: 21.05
close: 23.47
+114.9
pe long 10.25
opened at 9.20 after post, closed at 9.64. win but not a dramatic one.
open: 9.20
close: 9.64
+48.35
ar long 3.8
this one was still-borne honestly; plummeted during pre-market the day after posting. fail.
open: 3.13
close: 3.15
+6.38
slb long 17.25
overperformed deliciously; trading after hours at 18.20.
open: 16.39
close: 18.20
+110.43
kos long 1.75
meh, closed at same price i picked it at. call it a wash.
open: 1.52
close: 1.49
-19.73
ugaz long 42
this one stung. reversed hard overnight and lost tons of value. 10% today alone.
open: 30.79
close: 23.24
-245.20
opk long 2.6
another one that broke the wrong way. opened at 2.4 and barrel rolled on a weak earnings report that night, never really recovered entirely despite climbing 8% today to 2.10.
open: 2.40
close: 2.10
-125
total theoretical investment: $8000
losses: 418.32
wins: 280.06
return: -138.26
however... if we implement a 5% stop loss on each trade, we turn a slight profit:
+28.
which i believe is 0.35%...
seems wack but that was for 3 days. lets assume we do that once a week. for a year.
that yields a total of +$1452.47.
or +18%.
technical analysis for the fucking win.
another cute side note is that this assumes i pretty much go balls deep at open without waiting for trend confirmation, which would never happen.
also it assumes i close positions arbitrarily today instead of letting them run, which a few appear to be doing.
I wouldn't do pelaton but would consider the mirror. That shit is pretty fucking cool.
honestly how real this feels is a whole ass mood and a half.