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Thread: ELON MUSK IS GOD

  1. #2641
    Master of Props Daly's Avatar
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    We living in a algo/chart market and I find this stuff very interesting. We are in a very very interesting point technically. We go higher than 2780 - which is 50% off the bottom, we go higher probably over 3000. We break below 2635 the bears are in charge and we could retest the lows.

    As I type this we closing around 2675. He hit close to 2760 earlier and it bounced right the fuck off that.

    Tomorrow is a very interesting day - if I’m the Fed I do whatever it takes to keep us above 2635 or so. Best bang for the buck would be to get the market $1 over 2780 and the computers will do the rest

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    Quote Originally Posted by Daly View Post
    We living in a algo/chart market and I find this stuff very interesting. We are in a very very interesting point technically. We go higher than 2780 - which is 50% off the bottom, we go higher probably over 3000. We break below 2635 the bears are in charge and we could retest the lows.

    As I type this we closing around 2675. He hit close to 2760 earlier and it bounced right the fuck off that.

    Tomorrow is a very interesting day - if I’m the Fed I do whatever it takes to keep us above 2635 or so. Best bang for the buck would be to get the market $1 over 2780 and the computers will do the rest
    Whats your gut how it goes?

  3. #2643
    Master of Props Daly's Avatar
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    Quote Originally Posted by verminaard View Post
    Quote Originally Posted by Daly View Post
    We living in a algo/chart market and I find this stuff very interesting. We are in a very very interesting point technically. We go higher than 2780 - which is 50% off the bottom, we go higher probably over 3000. We break below 2635 the bears are in charge and we could retest the lows.

    As I type this we closing around 2675. He hit close to 2760 earlier and it bounced right the fuck off that.

    Tomorrow is a very interesting day - if I’m the Fed I do whatever it takes to keep us above 2635 or so. Best bang for the buck would be to get the market $1 over 2780 and the computers will do the rest
    Whats your gut how it goes?
    If I knew for sure I’d be working at Goldman and not posting at a 7th tier poker site.

    Common sense says we are in a bad spot economically and should be trending down. Equally common sense dictates the Fed understands what keeping the market above the bottom trend line means.

    Can’t say for sure. I have 30% invested at the moment down from 80% this morning. My “gut” says the Fed and market in general gets comfortable right where we are and we go sideways in the range for a week or two - and honestly that’s more of a bold prediction than saying up or down the way the market has been the past 6 weeks.

  4. #2644
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by verminaard View Post
    Quote Originally Posted by Daly View Post
    We living in a algo/chart market and I find this stuff very interesting. We are in a very very interesting point technically. We go higher than 2780 - which is 50% off the bottom, we go higher probably over 3000. We break below 2635 the bears are in charge and we could retest the lows.

    As I type this we closing around 2675. He hit close to 2760 earlier and it bounced right the fuck off that.

    Tomorrow is a very interesting day - if I’m the Fed I do whatever it takes to keep us above 2635 or so. Best bang for the buck would be to get the market $1 over 2780 and the computers will do the rest
    Whats your gut how it goes?
    Options are insurance. They have a premium for the privilege. Generally, they suck.

    You don’t have to hit the number you are guessing. The closer things get to your number the more your option is worth. So you can flip it anytime.

    If I buy options I hold them for as little time as possible. That me.

    So rather putting Daly on the spot with your money in a really crazy market let’s see how things develop tomorrow and maybe we will suggest a bet. Not your whole roll, I hope. We will think of something cheap.

  5. #2645
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by verminaard View Post

    Whats your gut how it goes?
    Options are insurance. They have a premium for the privilege. Generally, they suck.

    You don’t have to hit the number you are guessing. The closer things get to your number the more your option is worth. So you can flip it anytime.

    If I buy options I hold them for as little time as possible. That me.

    So rather putting Daly on the spot with your money in a really crazy market let’s see how things develop tomorrow and maybe we will suggest a bet. Not your whole roll, I hope. We will think of something cheap.
    In a normal year I would be doing this anyways right about now with football futures, so par for the course as far as I am concerned.

  6. #2646
    Master of Props Daly's Avatar
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    Quote Originally Posted by verminaard View Post
    Quote Originally Posted by Sanlmar View Post

    Options are insurance. They have a premium for the privilege. Generally, they suck.

    You don’t have to hit the number you are guessing. The closer things get to your number the more your option is worth. So you can flip it anytime.

    If I buy options I hold them for as little time as possible. That me.

    So rather putting Daly on the spot with your money in a really crazy market let’s see how things develop tomorrow and maybe we will suggest a bet. Not your whole roll, I hope. We will think of something cheap.
    In a normal year I would be doing this anyways right about now with football futures, so par for the course as far as I am concerned.

    Lot of early hype on USC this year

  7. #2647
    Master of Props Daly's Avatar
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    Found this one interesting



    $SPX trades up 3% or more during the day, yet closes red.

    Only days that match.

    10/29/2008
    10/17/2008
    10/14/2008
    10/3/2008
    11/6/1974
    6/9/1970

    1 thing in common - all lower 20 days out.

     
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      sonatine: interesting

  8. #2648
    Master of Props Daly's Avatar
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    Quote Originally Posted by peter mcneil View Post
    Quote Originally Posted by Daly View Post
    Going to be a good day to sell if the futures hold.
    What're you thinking with CCL, I picked up 3k more at $8.20. still just going to sit on it or sell and rebuy assuming it drops after this shot up?
    Somehow this got by me this morning (as did Druffs call to sell after this ran from 8 to 13).

    I sold off 2/3 of all my stuff today. I still hold 1K of CCL.

    Per previous posts I think this is an important time in terms of where the market will head from here. I think the notion of buying for the long term isn’t conducive to the market at the moment. If you can buy for 12-10-8 on the way down and then snap cash in for 13 in less than a weeks time you have to take the $$. This is twice we have been able to do this with not just CCL but the whole market basket of corona stocks. It’s been a VERY good few weeks here and pigs get slaughtered.

    If I’m being honest as well as I’ve done with CCL the past few weeks I’ve changed my primary long term hold target to MGM. As much as the Saudis buying in makes me feel better the entirety of the MGM management insider team snapped up 22M shares over the last few weeks including the CEO and CFO. The #1 thing they have going for them is an executive salary at MGM where they should be diversifying and they chose to double down. That says a lot.

    Very good chance I’ll be adding to the 1k of CCL soon.

  9. #2649
    Diamond Tellafriend's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by peter mcneil View Post

    What're you thinking with CCL, I picked up 3k more at $8.20. still just going to sit on it or sell and rebuy assuming it drops after this shot up?
    Somehow this got by me this morning (as did Druffs call to sell after this ran from 8 to 13).

    I sold off 2/3 of all my stuff today. I still hold 1K of CCL.

    Per previous posts I think this is an important time in terms of where the market will head from here. I think the notion of buying for the long term isn’t conducive to the market at the moment. If you can buy for 12-10-8 on the way down and then snap cash in for 13 in less than a weeks time you have to take the $$. This is twice we have been able to do this with not just CCL but the whole market basket of corona stocks. It’s been a VERY good few weeks here and pigs get slaughtered.

    If I’m being honest as well as I’ve done with CCL the past few weeks I’ve changed my primary long term hold target to MGM. As much as the Saudis buying in makes me feel better the entirety of the MGM management insider team snapped up 22M shares over the last few weeks including the CEO and CFO. The #1 thing they have going for them is an executive salary at MGM where they should be diversifying and they chose to double down. That says a lot.

    Very good chance I’ll be adding to the 1k of CCL soon.
    U sure about those shares? Didn’t murren just retire w 23 million in shares? Do they even have a new ceo yet?

    Haven’t researched this specifically but obv keep up w them. Anyway, gl. I like ccl better than Mgm fwiw now that the Saudis are invested.

  10. #2650
    Master of Props Daly's Avatar
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    MGM Resorts International

    MGM Resorts International (NYSE:MGM) President and Acting CEO William Hornbuckle bought 49,800 shares during the past week at the average price of $11.98.

    MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Mirage, Luxor, New York-New York and a 50% ownership stake in CityCenter.

    The company has a market cap of $5.21 billion. Its shares traded at $10.58 with a price-earnings ratio of 2.73 as of April 3. Fourth quarter 2019 net income was $2.0 billion compared to a net loss of $23 million in the prior year quarter.

    Hornbuckle bought 8,500 shares on March 30 at a price of $11.76 and 41,300 shares on March 31 at a price of $12.02. The price of the stock has decreased by 11.98% since then.

    Director Keith A. Meister bought 1,000,000 shares on March 31 at a price of $11.94 and 100,000 shares on April 1 at a price of $10.97. Since then, the price of the stock has decreased by 3.56%.

    Director Paul J. Salem bought 340,000 shares on March 30 at a price of $11.54 and 182,000 shares on April 1 at a price of $10.87. The price of the stock has decreased by 2.67% since then.

    Chief Financial Officer Corey Ian Sanders bought 24,991 shares on March 31 at a price of $12. Since then, the price of the stock has decreased by 11.83%.

  11. #2651
    Master of Props Daly's Avatar
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    Quote Originally Posted by Daly View Post
    We living in a algo/chart market and I find this stuff very interesting. We are in a very very interesting point technically. We go higher than 2780 - which is 50% off the bottom, we go higher probably over 3000. We break below 2635 the bears are in charge and we could retest the lows.

    As I type this we closing around 2675. He hit close to 2760 earlier and it bounced right the fuck off that.

    Tomorrow is a very interesting day - if I’m the Fed I do whatever it takes to keep us above 2635 or so. Best bang for the buck would be to get the market $1 over 2780 and the computers will do the rest

    S&P futures tumbled to 2625...... def not good....


    (Unless you sold this morning

  12. #2652
    Owner Dan Druff's Avatar
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    Quote Originally Posted by Daly View Post
    MGM Resorts International

    MGM Resorts International (NYSE:MGM) President and Acting CEO William Hornbuckle bought 49,800 shares during the past week at the average price of $11.98.

    MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Mirage, Luxor, New York-New York and a 50% ownership stake in CityCenter.

    The company has a market cap of $5.21 billion. Its shares traded at $10.58 with a price-earnings ratio of 2.73 as of April 3. Fourth quarter 2019 net income was $2.0 billion compared to a net loss of $23 million in the prior year quarter.

    Hornbuckle bought 8,500 shares on March 30 at a price of $11.76 and 41,300 shares on March 31 at a price of $12.02. The price of the stock has decreased by 11.98% since then.

    Director Keith A. Meister bought 1,000,000 shares on March 31 at a price of $11.94 and 100,000 shares on April 1 at a price of $10.97. Since then, the price of the stock has decreased by 3.56%.

    Director Paul J. Salem bought 340,000 shares on March 30 at a price of $11.54 and 182,000 shares on April 1 at a price of $10.87. The price of the stock has decreased by 2.67% since then.

    Chief Financial Officer Corey Ian Sanders bought 24,991 shares on March 31 at a price of $12. Since then, the price of the stock has decreased by 11.83%.
    Must be old. Closed at over $13, though it opened at over $15.

  13. #2653
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    I have an option newb question. If I want to place an order to buy an option now (after hours) that expires in 2 days should I do time in force: day or GTC?

    Or does it not really matter?

  14. #2654
    Master of Props Daly's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by Daly View Post
    MGM Resorts International

    MGM Resorts International (NYSE:MGM) President and Acting CEO William Hornbuckle bought 49,800 shares during the past week at the average price of $11.98.

    MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Mirage, Luxor, New York-New York and a 50% ownership stake in CityCenter.

    The company has a market cap of $5.21 billion. Its shares traded at $10.58 with a price-earnings ratio of 2.73 as of April 3. Fourth quarter 2019 net income was $2.0 billion compared to a net loss of $23 million in the prior year quarter.

    Hornbuckle bought 8,500 shares on March 30 at a price of $11.76 and 41,300 shares on March 31 at a price of $12.02. The price of the stock has decreased by 11.98% since then.

    Director Keith A. Meister bought 1,000,000 shares on March 31 at a price of $11.94 and 100,000 shares on April 1 at a price of $10.97. Since then, the price of the stock has decreased by 3.56%.

    Director Paul J. Salem bought 340,000 shares on March 30 at a price of $11.54 and 182,000 shares on April 1 at a price of $10.87. The price of the stock has decreased by 2.67% since then.

    Chief Financial Officer Corey Ian Sanders bought 24,991 shares on March 31 at a price of $12. Since then, the price of the stock has decreased by 11.83%.
    Must be old. Closed at over $13, though it opened at over $15.
    I ripped it from yahoo finance app - date of the article was yesterdayZ

    Point being the insiders are buying into the downturn.

     
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      Tellafriend: They are also buying my oil stocks

  15. #2655
    Master of Props Daly's Avatar
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    Chairman of MGM bought $2M of shares ~195k of them on Friday for avg ~10.83.

  16. #2656
    Platinum Krypt's Avatar
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    gl tsla stockholders tmrw....

    MONKEYHAMMER TIME

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    Plutonium sonatine's Avatar
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    Quote Originally Posted by Krypt View Post
    gl tsla stockholders tmrw....

    MONKEYHAMMER TIME

    placed $6200 in tsla straddles before market close. my body is ready.
    "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

  18. #2658
    Master of Props Daly's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Krypt View Post
    gl tsla stockholders tmrw....

    MONKEYHAMMER TIME

    placed $6200 in tsla straddles before market close. my body is ready.

    Shut it all down..... up $8 in pre

  19. #2659
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by sonatine View Post


    placed $6200 in tsla straddles before market close. my body is ready.

    Shut it all down..... up $8 in pre

    yeahhhhhhh this went poorly but the game is the game.
    "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

  20. #2660
    Plutonium sonatine's Avatar
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    at this point im just going to hope i can spot the bottom and bail on my put near the reversal and hope the money printer helps recover some of the losses from the call... factor in time decay and it might get expensive of course.. but yeah its just one of those days where the market kills straddles.
    "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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