Quote:
Originally Posted by simpdog
Stonks go up
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Quote:
Originally Posted by simpdog
Stonks go up
TRUMP THREATENS TO 'CUT OFF THE WHOLE RELATIONSHIP' WITH CHINA, SAYS U.S. WOULD SAVE $500 BILLION
https://www.newsweek.com/trump-threa...-1504042?amp=1
Once Trump does this and makes sure that Apple can't manufacture the iPhone in China or use Chinese parts as well as all other American companies.
By banning all American companies and all American people from doing business with China, Trump will stabilize the U.S. stock market. By stabilize, I mean crash by at least five to six thousand points. China will get revenge by releasing a virus that will kill millions.
Trump is the savior of American business.
https://media1.tenor.com/images/401b...temid=16881253
Quote:
Originally Posted by TheXFactor
please dont post trash in this thread, thats what druffs thread is for.
So fucking obvious that the fed stepped in to recapture 2820. I didn’t think about selling once.
Yeah. For now there seems to be a very big concerted effort to make sure it doesn't go any lower. However, I don't see any compelling reason for it to rally much higher either. Seems like we are going to be stuck bouncing around in this middle ground for the foreseeable future.Quote:
Originally Posted by Daly
If SPY gets to the high 280's I will probably do some puts, but otherwise I don't think there is any way to play this market.
If I had the bankroll I think some SPY covered calls would be a good strategy right now. But I don't have $30,000 lying around to buy the stock.
Elon Musk lists more homes for $97M after vow to sell possessions
https://nypost.com/2020/05/14/elon-m...l-possessions/
Sorry Elon but your homes are way over-priced.
We are at 25% unemployment.
35 million Americans have no job.
In a few months when evictions are allowed to proceed forward, millions of people will become homeless.
With tons of foreclosures are the market and everybody trying to sell their properties, property values will be cut in half by next year and they may drop even further than that.
https://i.dailymail.co.uk/1s/2019/12...5832521530.jpg
Well. It can't hurt to put your home on the market and see if anyone bites. My boomer parents (the ones who who are signed up for a cruise this October) just bought a 2nd house in Reno in the last month. There are a lot of people that aren't very good with money, and you will never know if you are going to be the one to benefit from it without trying.Quote:
Originally Posted by TheXFactor
I like open forums but honestly we may need to ask Druff to move this to the VIP forum or make it private.
Quote:
Originally Posted by simpdog
ive got a solution going live in about 7 days.
and honestly id prefer just making it a private thread here but a) i genuinely dont think druff will do it and b) im guessing he just lets people shitpost there as well.
Just hold the fort a little longer till sports restarts and the problem will probably take care of itself. Most of us (definitely me) will probably lose interest very fast.
Definitely not you verm.
fed stability report dropping 4pm est tomorrow.
bullish lol.
Stonks
Go
Up
The Fed (I’m guessing) just stuck a big fat cock in the ass of every Bear in the market.
2820 was a super important spot on the chart. Not only did it hold - they added a failed break. Feeling like a test of the 2950 ceiling is a near certainty and I’d bet we break north and hit at least 3K.
Quote:
Originally Posted by Daly
http://www.stockamets.com/low.gif
Did a 5/15 SPY 284 put 5 minutes before close. If I had waited 1 minute longer could have gotten 285 for same price.
COO
Insider Gregg Scarlett reports buying 25,000 shares of $BLMN for a total cost of $251,200.00
Quote:
Originally Posted by simpdog
Delta did the same thing during their last bankruptcy.
That’s a fine looking chart
Quote:
Originally Posted by DalyThat’s a fine looking chart
I shall reward you with a tasty morsel.Quote:
Originally Posted by sonatineQuote:
Originally Posted by simpdog
ive got a solution going live in about 7 days.
Spend a few minutes with this.
Light blue line is Google Bankruptcy Searches (like the sign says).
The present divergence is .gov PPP business zombie ventilators. That is an incredible picture. Fucked up is an apt characterization.
MGM Springfield told state labor officials this month that it will lay off as many as 1,887 employees at the end of August after their temporary furloughs necessitated by the coronavirus emergency come to an end.
MGM Springfield filed a notice May 5 with the state under the federal Worker Adjustment and Retraining Act. The state made the notice public Monday.
The two-year-old resort had just more than 2,000 employees this winter, short of the 3,000 employees MGM Resorts International (NYSE: MGM) promised state regulators it would hire when campaigning for the license.
Interesting.
NCL, RCL, and CCL have all raised enough cash for the remainder of 2020.
However, I think it's just a matter of time before all of these go bust. Old people are still the main demographic on cruise lines, and they're also the ones spending the big money. Sure, CCL can skate by a little bit on their Carnival brand, which is more aimed at the younger set, but even there will be diminished interest.
I really believe it's going to get worse before it gets better for cruise ilnes. I think there's going to have to be a whole industry remake, and I don't believe any are really ready for that.
https://www.fool.com/investing/2020/...d-carniva.aspx
I don't know if you're serious, but this is actually possible if there's interest.Quote:
Originally Posted by simpdog
About 5 years ago, cmoney (RIP) had the idea to create a private sportsbetting subforum here which would be invite only. It ran for a little bit and people eventually lost interest. I think the last post was in early 2016, and the carcass still remains.
However, if some people here would like a private subforum here (invite only) to discuss investing, I would be willing to create that. Someone active in this thread could be nominated to control who gets invited. I'm not a big fan of private subforums, but since this is kind of a niche topic where there could be some interest in keeping it from being disrupted or distracted, I'd be willing to create one.
Let me know.
brrrrrrrrrrr
Always guessed the number would be in this area. Not bad for a 23 year investment.
@BrianRoemmele
On this day May 15, 1997 Amazon Inc. held its IPO on the Nasdaq at a price of $18 per share. $10,000 invested on that day and price would be worth more than $12 million as of May, 2020. That's more than 120,000% growth.
here's a totally coincidental tweet that happened to go live seconds before that 281.34 low:
Almost pulled the trigger and hedged a call at 282, but I didn't. And now market is 285 and it is too late. I guess stonks only go up, and it really is that simple.Quote:
Originally Posted by verminaard
We move on.
“honestly how real this feels is a whole ass mood and a half“
trump is going after chinese companies on NYSE that dont follow our accounting rules.
sounds great on paper but hows his base going to react when they start seeing those 'made in america' prices at the hardware store?
PTON is God.
Realized I never replied to you here San and obviously optics are bad of me replying now after recent run-up but I really do believe PTON still has a lot of upside even from here.Quote:
Originally Posted by SanlmarI’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
I do think it’s a premium brand with prestige that people are willing to pay more for than their competition. People are shallow and dumb and that stuff matters. We got a Peleton Xmas before last and my wife loves it. 3 of her friends have since gotten one in large part due to her raving about it. They schedule classes together on the weekends at the same time.
I was hesitant to get one in part because I didn’t want our friends to judge us like someone that has the $90,000 car but at the end of the day we have young kids at home and it’s the best way for us to workout and also screw what others think. When I was looking to buy I first looked for a used one but no one was selling, or at least not for any real discount.
But more to the point of why I’m bullish, I think that they have a loyal fanbase, and there is a lot of potential yet to be unlocked value if you look at it as a potentially disruptive tech company and not an exercise equipment company.
Anecdotally I know a lot of people that have them and only one who has sold theirs. And I think because they are expensive people are more likely to keep paying the monthly subscription fee even if they are not using/rarely using them to justify buying the bike with the hope they’ll get back engaged.
I also think ultimately the price of the bikes will come way down and will be subsidized to get the reoccurring revenue, similarly to what Apple has down where more revenue comes from fees than sales now.
Covid has obviously been a huge tailwind for PTON but I think the more people that experience them the more advocates for the brand it creates. It really is a great product and user experience.
I also think first-mover advantage is huge, and I think they could become a good acquisition candidate.
Finally; it may sound ridiculous but my wife has a pretty good track record of identifying brands that people are willing to pay a premium for in the past. I bought LULU stock way back in Jan 2011 because of it and it has worked out very well.
Anyways probably more than you wanted to know but I think there are a lot of positives. That said obviously I very likely could be way off base on this and will admit from what I’ve gleaned from your posts you are assuredly more knowledgeable about the fitness industry than I am.
even without covid, pton would have been a coge long.
also pending a major reversal on spy, amd looks fit to blow up like 1-2% in the 30 minutes before close.
40 shares booked. Took 20 of PTON too. Better late than neverQuote:
Originally Posted by sonatine
we keep bouncing off vwap and there is absolutely no volume but i somehow have faith.
Somehow my dick got blown clean off and it managed to grow back.
Seems to me we need to test to the high side - guess we shall see next week