Glad I finally got schwab webpage to work about an hour before closing yesterday, had some cash transferring in and did some buying...now wish I would have bought more, ha.Quote:
Originally Posted by Name Redacted
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Glad I finally got schwab webpage to work about an hour before closing yesterday, had some cash transferring in and did some buying...now wish I would have bought more, ha.Quote:
Originally Posted by Name Redacted
Just noticed todays 52 week t-bill auction is at 4.255%, that dropped below 5% fast.
The what have yous always gets meQuote:
Originally Posted by JimmyCarter
Hey look at that, where did the doom and gloom people go?
Goddammit - NakedShorts owes me a refund. :mad:Quote:
Originally Posted by Danno
And yet we have overpriced pieces of shit like Tesla. Feelings drive market valuations.Quote:
Originally Posted by Cono Este
Crazy that vix got so high but we are back to pretty much where we were on Friday. It is like Monday never happened.
I didn't move anything- I have no idea what is going on so I just buy twice per month and let it ride.
Something is worth, what another is willing to pay.Quote:
Originally Posted by schuss
Yup. Slow and steady wins the race.Quote:
Originally Posted by Kevo
It’s all Biden/Harris’ faultQuote:
Originally Posted by Danno
On Monday the idiots were calling it “the Kamala Crash” - it didn’t catch on
and tomorrow the Dow will drop 800pts
Are we in a dead cat bounce??
Nope. Shit isn’t really all that bad.
I’m with Kevo, I put in $200/month, gives me great entertainment deciding where to put it. I also DRIP in $623.75/month. I’ve got a fair amount invested in high yield stuff. Pipeline stocks have been very good to me. People complain about MLP’s but it’s not that bad tax filing wise. The benefits outweigh the hassles. I’m heavy in EPD, ET, MPLX, and OKE. They’ve all worked out well for me yield wise and equity growth.
I agree with the time in the market beats timing the market. I think part of it is finding the bargains. When I started investing it was the pandemic, everything was a bargain. I thought it was easy, you can make money on everything. I bought a few things that were foolish, I still hold them and hope to be proven wrong. But I found it wasn’t quite that easy.
As I’ve watched this stuff I’ve learned that there is always something on sale. It just depends on when you buy it. There always seems to be some trend in the market that beats down certain sectors. It’s all cyclical, grabbing those sectors when they’re beaten down and timing when they’ll be back is how to make money.
I’m still buying Reits, it isn’t the bottom anymore but the yield is still cheap. I’ve acquired a fair amount of shares of various companies. I’m still up more on the tech I bought in the fall of 2022 but I think these will catch up eventually. I’ve been buying O, NNN, WPC, PINE, ARE, VICI, KRG, and EPRT. It’s not a great bet considering the erosion of commercial real estate values but I think that trend will change eventually and I’m willing to receive shares in exchange for waiting.
Whatever you do, keep putting in the money even if it’s just in an index fund. My light at the end of the tunnel is dim, make sure yours is bright and get the fuck out of working as quick as you can.
Yep, that's why vibes and emotions matter, because they drive a lot of valuations in both directions.Quote:
Originally Posted by Cono Este
Back to normal back to carving out $. HY OAS back under 320 or 10y TSY over 4.2 it’s back to duration trade
Rinse repeat.
Del duplicate post
Anyone here know B Riley? Complex little business. Took a hammering.
Lots of expenses - almost 180Mn in interest to pay per year. Owns a mish-mash of business from IB, wealth management, quasi-VC and even Tannus hard goods
Financial companies that don't have investor confidence or regulator confidence tend not to do to well. Thinking of starting a short on a dead cat.
Liquid enough options to hedge with calls
Sold some tech stocks I bought a few yrs ago. Was up 2-3x in just a few yrs. Kept half the positions in amzn, google, Tesla, etc. ditched all the garbage on my sheets too.
Been DCA'ing out of TSLA since the Twitter acquisition, today I liquidated the last of my Elon managed holdings. I thought about keeping some in the portfolio on the longshot that he turns things around, but with the looming Twitter interest payments coming next month and how likely it is Elon will have to sell some Tesla ownership to cover I'm feeling good.
I thought about it, but I promised myself I would not act like a stupid trader my entire life.Quote:
Originally Posted by grabtindy
New beginnings. .
https://www.youtube.com/watch?v=9GumiLIxLMM
worth a listen
Or an owner that will fuck shit up. Yeesh.Quote:
Originally Posted by LeeLau
I'm rather enjoying this one. Short and have long calls as protection. The somewhat dubious Brant Riley Subject--to-financing go private offer seems to have put a ceiling on the trade & validated the short seller trades. My concern is that it's now a crowded short. Alarming borrow rateQuote:
Originally Posted by Brock Landers
Am also short puts and calls to harvest volatility while it waits.
For what it’s worth, unless it’s going hard to borrow, and they are reducing the short stock rebate, short interest % is an over hyped indicator. It’s all derivatives, warrants, otc positions we have no clue to.
Very true. There are lots of market makers carrying inventory, unregistered pools. Lots of legitimate reasons to short the stock without being negative.Quote:
Originally Posted by Cono Este
Quite a few prefs & bondholders also with a need to hedge. GME was educational in that regard
Instead of shorting, a synthetic short works well, sell calls, but puts
Sent from my moto g 5G using Tapatalk
I meant BUY puts
Sent from my moto g 5G using Tapatalk
Random question- but what is up with brokerages taking days to update positions? I seem to remember that my Fidelity 401K would usually update by like 7PM MT showing the daily movements of the account but now it is taking days- it currently shows me values as of the 15th.
I used to,read the tape when I was bored, watch specialists take stocks down, wait for big prints then fire off orders on DOT, they’d always fuck me, but since we went multiply listed, data means shit to me. It’s all incomplete.Quote:
Originally Posted by LeeLau
Never mind otc shit.
If you play the short interest gig, get a list of,reduced rebates first. When there is a buy in, it’s at the close, stock will run up. Next morning everyone is remshorting for the day to get neutral.
Played that game in my best ever issue. Put call parity falls out of whack cause no one can short the stock and stay short. We’d charge people, a dollar a month on a front month reversal. Did it for 18 months once and was only bought in once on 50k after an ex. Re shorted before open, and it tanked.
Mine was updated by about 17:00EDT today...Quote:
Originally Posted by Kevo
Mine updated today from the 15th to the 16th.Quote:
Originally Posted by skaredshtles
So weird.
Boomers supporting economy: Bill Gross:
Hard to measure but I suspect upper middle class and wealthy boomers are funding millennials and younger generational spending by transferring assets/cash and paying bills, and in the process pumping retail sales and the economy. In essence they are liquidating balance sheets to pay for spending. This is likely to continue as long as stocks/housing prices stay elevated. OK, save the summer
DJT unlock on Sept 19th depending on share price.
IB did have borrows. Used them on most recent pump. Caution that the lockup is well publicized so there could easily be ambushes laid out
I *DEMAND* to see NakedShorts' manager. :cussing:Quote:
Originally Posted by skaredshtles
WOOT!
About damn time!
2/10 curve volatile. Last peak in 2y was 2.81 in 2018.
There were zero borrows not long ago. More after the lockup?Quote:
Originally Posted by LeeLau
Inflation will collapse when owner equivalent rent turns lower. And it will.