go beat up some drag queens before you go ruin skiing at your vail cube monkey job blurreds rotten Santorum
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I actually feel sorry for them. Being in a cult sucks when the leader skips town.
Bed Bath and Bankruptcy. They hired lawyers to help with reorganization of debt today. I bought 100 shares for $6.40/share on June 8, 2020 during the depths of the pandemic. Sold at $28.34/share on Aug 16, 2021 to buy my Green river property. I bought back in a few months later at $23.02, sold it again at $28.62 on March 7, 2022 when it was announced Cohen was buying in, that was my cue to get out. I thought about picking up 100 at close to $5.00 a few weeks ago but didn’t like the risk of that $500 going to $0.
I made at least $1500 selling calls on it while I owned it. Each quarterly report got worse but yet call option premiums got better, it’s a weird stock.
Classic pump and dump, apparently apes can be shorn like sheep.
On the other hand, I’ve been doing pretty well since mid June. HUN is the only thing I’ve bought recently that I’m down on. GOOGL, AAPL, and AMZN are up pretty well since the growth swoon hit, I seemed to buy them at a good time. Pipeline distributions came last Friday, it is kind of irritating EPD takes at least a week for it to hit your account, all the rest of them are same day.
Phillips 66 decided to reincorporate one of my MLP’s, DCP. I picked up 100 shares in Dec 2021 for $18.83, the first offer for outstanding shares is $34.75. I’m hoping for a $40+ negotiated settlement. DRIP has me up to 110 shares from my 100. I love the high yield pipeline game
Can we keep the extraneous bullshit out of this thread?
I can’t see where cohen did anything wrong. Brilliant pushing the option holdings ahead of his sale. It was public information for months.
Wouldn’t surprise me if BBBY goes straight to zero.
The thing RC made no money from the sale, due to his insider status. All the money made went to BBBY. Also the sell was Wednesday and the price fell in after hours Thursday. Basically if this was RC pumping and dumping it did not benefit him at all at least on the surface.
I do have a bag of 100 shares of BBBY with quite frankly house money, but made a killing on my trade of a much large positions form friday monday/tuesday . I really do not care about the people buying on the run up because they are quite frankly idiots.
the short interest is still beyond the float on BBBY and that is still a reason to hold some shares of it IMO.
This has all the makings of a good tip for buying an index.
Been looking to unload some MARA for a while now via calls. Fingers crossed it closes above 13. Getting a bit close for comfort.
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Bear market appears to be over:
Attachment 424442
https://twitter.com/edzitron/status/...7sgBSr97iytgbA
All that mattered is he had 10 percent of the company at some point in time he also has people put on the board. Beside he sold on tuesday on day the float traded 5 time over, the big drop was not till after hour thursday. Retail does not have enough asset to tank a stock like that.
tin foil hate theory is GME buys BBBY with the next month so that BBBY will have to recall shares. RC statements to BBBY said that the goal was to find a well capitalize buyer for BBBY. Rc Ventures/ GME have enough money to buy BBBY out right for the formation of GMErcia. Like I am saying RC made no money on that sell and its make no sense for him to sell unless he was going to own it back anyways.
in other news APES got halted 5+ times on the run up this morning, now back down. I d give it a couple days to see where that little stunt ends up. I still wish it was a NFT like Overstock.com dividend.
For insurance companies targeting a 7.5% yield, which might have been fully satisfied in fixed income markets in 1995, a fixed income orientation may again work today (see Figure 11), after more than a decade of having to “reach for yield” in a variety of asset classes further down the capital stack. Today, a 50/50 blend of investment grade (IG) and high yield (HY) bonds currently offers a 6.6% yield as represented by the Bloomberg U.S. Corporate Bond Index and U.S. Corporate High Yield Index, and hypothetically if Alts were able to provide around a 11.5% annual return (as they have historically), then that means an 85% FI/15% Alts portfolio would hit the 7.5% target. There is technically no need for an equity allocation – a phenomenon that hasn’t been witnessed in decades. We are not suggesting that investors omit equities from portfolios however, as there are liquidity, diversification and upside benefits to an equity allocation.
Well I wonder what the illuminati in Jackson hole are going to come up with this weekend.
thats what I'm wondering
maybe that they got drunk talked some shit jerked each other off got richer
then they leave town sunday and realized they are no smarter than anyone else in this country they just were in the right place at the right time and became wealthy
i kind of weirdly enjoy this volatility; just DCA off my pay check and not worry about it; hard to imagine some start-up company nailing it big time right now so just putting money into whales and trying to make my life as enjoyable as possible to make time pass faster. I havent bought bonds in my entire life until this year, feels nice to be in a place to start adding that my portfolio.
Markets taking a breather before the next leg down.
Strange times continue. What the Fed said is exactly what was expected and yet markets . . . . They need to be weaned off their addiction to the Fed put, or something. I tend to agree that it's weirdly entertaining.
its very enteriaining
by noon on tuesday the market will be up 600 pts because elon said something about his small dick the gop said something about the democrats and jamie dimon will say that chase has a great outlook on the continued raping of the poor
the in another week or so the 4th qtr expected gdp corporate earnings report and consumer outlook report will be released and it will be pretty damn grim
That is my guess. We had our first big selloff post Covid and then a lot of money moved back in after June 16th.
The realities of higher interest rates might let more air out.
I'm wondering if we'll be testing lows below the June 16th number in the next couple months.
I'm still long and still buying. I increased my biweekly purchases back in May. We'll see what happens.
https://www.bloomberg.com/news/video...s-jensen-warns
Disconnect between financial economy and real economy, markets could fall 20-25%. Which wouldn’t be so troubling if BW didn’t seem to have their investment bearings back under them in this market (Pure alpha was up about 30% in the first half of the year)
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Oofta
This could be it. Summer over, reality is back at work.
Interesting I read an article from July with Bill Grosse and he said the sanctity of the dollar being the global currency has been compromised with the US Govt seizing assets.
He also said to take 3% in 1 t-bills and sit out for now. I would agree with that. The yield curve is insane right now.
Gross likely holds a lot of Russian debt. He’s always been a big fan.
US has been freezing sovereign assets for decades. USD at 20 year highs.
seems the stock price isn’t the only thing falling at BBBY….
https://www.reuters.com/business/bed...ts-2022-09-04/
^^^ was he a Putin buddy?
Guy sold on the pump so he has a lot of explaining to do.
Not anymore
how did he control the pump?
the pump was entirely controlled by shorts covering/options chain buy in/retail buy pressure.
Do we know for sure he killed himself?
Again full disclaimer I still have 100 shares of house money on BBBY and made ton of money on the run up, that I posted and predicted on this site. So I have a stake its like nothing compared to my networth.
The short interest of BBBY is still over 100 percent, on friday it was 104 percent. Meaning more shares shorted than actually exist in the float.