I’m looking for support. Just want to be clear.
Look at RSI for anything you choose. 10% lol. Somewhere someday we are gonna rally like a banshee. Don’t know when
Positivity is so lame. I know. Let’s fix that
You’re out, right GBCP?
I’m looking for support. Just want to be clear.
Look at RSI for anything you choose. 10% lol. Somewhere someday we are gonna rally like a banshee. Don’t know when
Positivity is so lame. I know. Let’s fix that
You’re out, right GBCP?
Last edited by Sanlmar; 02-28-2020 at 11:04 AM.
I just got my piddly little boring ass dividend stocks and sold some vol this week...
second part not looking so good, but wings are wide...
basically just sitting back and enjoying the carnage cause im getting a sale price on shit...they want to sell me XOM at 7%-8%-9% yield who am I to say no to that...
If you run a heat map, you might have seen what I think was 4 Fed buy programs at various times. You can see it ripple thru. Levels are broken the boat just got swamped each time.
It’s so broken today. I see the CNBC crawl with Fed 50 basis point March. I must not listen to that. Such nonsense
Stamped ramble
I’ll get to gold in a bit Wild
think the gold is just liquidation...you would think flight to safety and all that stuff, but people are just coming in and getting the fuck outta everything...
makes those boring ass companies go on sale as well...buffett has something...just pick at the carcasses of all the companies that puke cash out when everybody else is in mass liquidation mode...XOM, yeah near term troubles, oil in the shitter and whatnot...but you want to pay me 7-9% a year to wait, sure...in a normal market (ie one where a company with an 11 figure market cap doesn't double in a couple of months) that's what dreams are made of...
I remember in '08 I bought a tiny amount of GE at like 8...back then GE was still something...shoulda loaded the truck up on that...GE going to 0 at that point didn't mean dick...if that happened there would be far bigger problems in the world...
panic selling is always a thing to watch...these new robinhood guys must be losing their fucking minds...YOU MEAN THIS SHIT CAN GO DOWN AND I CAN LOSE MONEY??!?!!? WTF!?!??!?!??!!
Every idiot is gonna bargain shop Monday.
Supposed to buy close but weekend risk and actual crazy Trump/Fed possible action buuuuut Kudlow says officially we good.
Ughhh
I might do some AMZN and other unoriginal stuff
Metals XME just to be a sicko?
Last edited by Sanlmar; 02-28-2020 at 11:37 AM.
I love vol expansion so fucking much...
they'll pay you roughly $2300-2400 to get long 100 shares of TSLA at $500...'tine if you want to sell options, this is the time to do it...vol is CRAZY expensive...
what a time to be alive!
EDIT: metals...……...ballsy san, ballsy...
Fucking Powell.
I’m wasting my time.
They rake Sanders but we already nationalized the market. Let’s us figure it out on our own.
It’s like your parents separating you and your brother. Let em pound it and become best friends after.
I fucking have to unmute CNBC. That’s the worst part.
if you trade sideways after that formation vol is gonna fucking puke itself so hardcore...doesn't take much at this level for the VIX to shit itself...
I sold a put spread on SVXY expiring in 3 weeks...VIX at 35 I sold somebody a bag of shit...
I love selling bags of shit...I worked for a company that did that for 30 months...AC is the biggest bag of shit out there...
here's another lesson to take from my TSLA post above...
if you are thinking about buying stock X at price Y now is a PERRRRRRRRRRRRRRFECT time to sell puts at the price you want to buy it at...if the market continues to go down you get the stock put to you at the price you were gonna buy it anyway...if the market rallies or stays where it is then you collect a fucking boatload of expensive premium for something you were gonna do anyway (buying the stock)…
when the VIX is at this insane level the price the market is laying you to do that is about as great as it's gonna get...
here just a small example of puts that expire in a month:
AAPL 250s $875 for 100 shares
AMZN 1400s $1100-1125 for 100 shares
FB 170s $400 for 100 shares
NFLX 300s $550 for 100 shares
there are people that are gonna make an assload of money from selling vol up here...
Did we talk about Yen dollar pair? Yen gold pair was nuts before the crash. Now everyone bailing everything.
Japanese kids sitting out a month from school?
That could happen in Los Angeles. Half those kids must be homeless. Spin that out.
Die market die.. idiot Powell
+130 ticks
I’m flat. Wanna buy those ideas. sPY
Lol ticks. My bad
Left 100 points on floor
I suck. Nit life
I like stock markets that go up
JPMorgan Shifts Scores of Workers to Mortgages to Handle Boom
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I have this crazy idea of looking at the retail mall owners who hold huge real estate and a refinance would crush. Simon Properties? I’m lazy though.
"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
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