Bbby loss p0rnAttachment 456848
Printable View
Bbby loss p0rnAttachment 456848
Insane, but not as insane as all the people who made millions buying bankrupt companies like Hertz during covid liquidity times.Quote:
Originally Posted by LeeLau
Sigh. How someone is savvy enough to be able to bankroll that but dumb enough to make that play is beyond meQuote:
Originally Posted by LeeLau
HTZQ was unusual. Not often rental car values go up 350% over 2 years.Quote:
Originally Posted by Kevo
BBBYQ not so much. People are still buying SIVQ
Inheritance?Quote:
Originally Posted by JimmyCarter
Odds are HIGH that it was crypto money. Plenty of dummies made a killing on BTC or Doge or whateverthefuckelse. Which is likely why they post it as lossporn instead of freaking the fuck out as a more appropriate response to losing millions of hard earned dollars overnight. Easy come, easy go.Quote:
Originally Posted by JimmyCarter
FRC earnings were interesting. Massive loss of deposits, and new deposits are expensive and getting worse.
Still, after hours trading at <0.2x book, which seems low.
Suspect it will trade sideways. .it's not a zombie and it's not going bk and its also not going to M& A. That's fine as covered calls on it are mighty fine.Quote:
Originally Posted by JimmyCarter
Funny that WSB calls and puts both lose though as IV will drop
Sideways if you rotate the screen 90 degrees.Quote:
Originally Posted by LeeLau
I had some $14 shares/lotto tickets I dumped in the high 11s. Then I checked again and it was sub10 and dropping.Quote:
Originally Posted by Brock Landers
Yup. Whoops.Quote:
Originally Posted by Brock Landers
I suspect a lot of smallish banks are going to have their equity price ripped in months ahead. Declining deposits and limited loan growth opportunities.
Deposits have slowly been declining over time. Larger banks have the scale to invest in the infrastructure and security/IT to accommodate a more digital customer, on average, going forward.Quote:
Originally Posted by 4matic
I do think loan growth opportunities will decrease…but I think the banks will limit their own books even moreso.
Commercial R/E and Construction & industrial loans- especially small to mid sized- are where smaller regional banks really separate themselves. Which may not be the worst thing for their equity (lending standards have obviously been a bit better than say 2006). Not to say they won’t get hit in a market shitstorm. But generally they’ve never been healthier going into said shitstorm.
MSFT up 8% after hours
MSFT going cray cray
Dips on NOC, LMT, GD, and PFE were nice opportunities. RTX is still too high.
I’m tempted to dump all my META/GOOGL/MSFT by end of day. I get that they’re STILL the future but the execution risk at these prices seems crazy high.
teh AI!!!!!!!!!!!!! You'll miss out! BUY BUY! ;)
I had a similar thought for my MSFT, AMZN and GOOG. I won't hold META and more than I'd hold PM.
Doubling down as we speakQuote:
Originally Posted by summit
I’m still hiding out in HY, 2yr and 10+ tsy. Couple energy names plus palantir. Fuck it I’ll clip 6-7% while keeping long duration exposure.
If I was smart I’d roll the HY distr into deep OOM SP500 puts month after month
XOM continues it's slow and steady rise. SBUX, for whatever reason is also clawing back some gains recently. I had thought about pulling the trigger on META last November when it nosedived, but chickened out. Oh well., TSLA seems to be going the other way.
Kind of surprised how resilient the market has been.
the disconnect between the "market" and how the average person goes about their life is massive eventually it will all catch upQuote:
Originally Posted by Toadman
there has been some back and forth in the Denver Post about electric car ownership
some well meaning upwardly mobile do gooder broke down the cost of electric car ownership today in the letters to the editor pointing out it actually costs less to own an electric car
were they correct on the numbers? Yes.
but the average dip shit is going to run an extension cord from their run down apartment building out to their electric car?
the average american who is living paycheck to paycheck buying junk they don't need on payment plans like Klarna and the likes of short term loans is going to buy a 20k plus electric car when they can barely afford payments at 14% interest on a 10k shit box?
the disconnect is real and massive
the upper middle class will always be buying 10 dollar coffees at starbucks while most do their grocery shopping at the 7-11
ever seen the sign that says "buy a frozen pizza on your ebt card and we will heat it up for free"
I read FRC was plagued with interest only loans.
More of that to come.
People are really downplaying the effect that this interest rate reset is going to have.alot of wealth has been destroyed in the last 12 months. Probably more than ever when you consider how badly treasuries have been marked against some. Probably why the Chinese are pissed.
JPM is becoming the very big fish in the banking pond.
Apple/Goldman collaboration is also an interesting development. Seems like the big banks will get bigger/stronger, while smaller regional banks will be struggling with their balance sheets when commercial real estate tanks. Consolidation cycle impending.Quote:
Originally Posted by Toadman
WTI still looking like $50. Another failed rally.
Started the process of changing brokerage firms. Currently around 68% cash, seems like a good place for the next 45 days.