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  1. #14776
    Join Date
    Sep 2006
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    8,230
    Quote Originally Posted by shera View Post
    But what does it mean?
    It means that no one can get anything off the cargo ships. No one.

    https://www.latimes.com/business/sto...on-cargo-ships
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  2. #14777
    Join Date
    Oct 2007
    Posts
    12,565
    Seems like they could just float them in from the boats.

    Speaking of which, I just got a big order from China, 3 months late, double or more for shipping, and it was moderately damaged.

    I was also reading that the big bottleneck was the crane operators who make $250k a year and are the big bullies of the docks. If anyone complains, the crane guys call the cops and get them kicked out. They literally have the whole economy by the balls right now and their union is just loving it.

  3. #14778
    Join Date
    Sep 2006
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    8,230
    Quote Originally Posted by Name Redacted View Post
    Seems like they could just float them in from the boats.

    Speaking of which, I just got a big order from China, 3 months late, double or more for shipping, and it was moderately damaged.

    I was also reading that the big bottleneck was the crane operators who make $250k a year and are the big bullies of the docks. If anyone complains, the crane guys call the cops and get them kicked out. They literally have the whole economy by the balls right now and their union is just loving it.
    Haha. Crane operators are the biggest prima donna's on the ports. This will blow your mind, but they make way more than $250k/year. They work 4 hour shifts and get paid 8. Then they switch terminals and work another 4 hour shift.

    The terminal mgrs. buy them rounds of golf, nice lunches, sporting event tix. Whatever they have to to try and keep them happy. Bunch of spoiled brats. They are bunch of petty fucks. But a good crane operator who is happy will do over 35 picks on hour and that is what the terminal mgrs are looking for. It's not just the crane operators though. The RTG (rubber tire gantry) crane ops folks, who pick from the container piles are the ones that the truckers are bitching about. They are the operators who load the containers on to the chassis. Still, they make about that $250k/year salary.

    I feel for the port truckers. Those guys get screwed 4 ways to Sunday. Paid by the move, so they need to make 4-5 turns/day to make ends meet. I imagine they get 2/day these days. If they can work 2nd or 3rd shifts, they might get 5-6 moves in a shift. But all those shifts are manned by B casuals who are a bit clueless and not very productive.

    Next year in July the ILWU contract expires. They want some of that $100 billion in profits the steamship lines are making this year. It will be interesting to see how things go. Nothing like a ILWU worker slow down to get their point across to mgmt.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  4. #14779
    Join Date
    Jan 2009
    Location
    Hyde Park, Vt
    Posts
    893
    Quote Originally Posted by shera View Post
    But what does it mean?
    Floats are sold out....IE shares are sold out. By most educated guesses at least 6 times over.

  5. #14780
    Join Date
    Jan 2009
    Location
    Hyde Park, Vt
    Posts
    893
    Well this is 45 pages of nothingness and no action.

    https://www.sec.gov/files/staff-repo...early-2021.pdf

  6. #14781
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    Aug 2016
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    Quote Originally Posted by Toadman View Post
    I feel for the port truckers. Those guys get screwed 4 ways to Sunday. Paid by the move, so they need to make 4-5 turns/day to make ends meet. I imagine they get 2/day these days. If they can work 2nd or 3rd shifts, they might get 5-6 moves in a shift. But all those shifts are manned by B casuals who are a bit clueless and not very productive.
    like this?
    https://www.usatoday.com/pages/inter...-with-nothing/
    Most days, the trucker would drive more than 16 hours straight hauling LG dishwashers and Kumho tires to warehouses around Los Angeles, on their way to retail stores nationwide.He rarely went home to his family. At night, he crawled into the back of his cab and slept in the company parking lot.
    For all of that, he took home as little as 67 cents a week.

  7. #14782
    Join Date
    Jan 2009
    Posts
    2,520
    Quote Originally Posted by Bushwacka View Post
    Well this is 45 pages of nothingness and no action.

    https://www.sec.gov/files/staff-repo...early-2021.pdf
    It at least confirms the shorts have not covered. Just buy and hold. Never sell.

  8. #14783
    Join Date
    Feb 2008
    Posts
    2,591
    Quote Originally Posted by dunfree View Post
    HFS, even my cynical ass is surprised this article didn't get more play when it came out in 2017. First I'm hearing of this...

  9. #14784
    Join Date
    Mar 2006
    Posts
    19,804
    10y making a 5 month high tonight. 1.67. Chart looks higher.

  10. #14785
    Join Date
    Jan 2009
    Location
    Hyde Park, Vt
    Posts
    893
    Quote Originally Posted by paulster2626 View Post
    It at least confirms the shorts have not covered. Just buy and hold. Never sell.
    Yep.

    I kinda of take as we are not going to help the Apes, but we are not going to help the SHF either.

    I still think GG is on retails side but is legally doing what he can do .

  11. #14786
    Join Date
    Apr 2010
    Posts
    805
    Quote Originally Posted by 4matic View Post
    10y making a 5 month high tonight. 1.67. Chart looks higher.
    Sucks for me ratelocking a 10 yr fannie execution.

    Sent from my SM-G998U1 using Tapatalk

  12. #14787
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,733
    Ok, yeah, I'm holding my GME, no problem. I bought BABA yesterday.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  13. #14788
    Join Date
    Jan 2009
    Posts
    2,520
    Quote Originally Posted by Bushwacka View Post
    Yep.

    I kinda of take as we are not going to help the Apes, but we are not going to help the SHF either.

    I still think GG is on retails side but is legally doing what he can do .
    No way, I don't believe it for a second. They're all in on it, they're all bought and paid for. SHF and all the big players aren't about to start letting something so silly as the government push them around. They didn't do shit in 2008, they didn't do shit for Enron, and they sure as shit aren't going to do anything now. Too much money and their own asses at stake.

    What's different this time is a somewhat organized effort with a semi-clear hivemind goal. Will it be enough to push this fiasco past the tipping point? We'll see, but it's sure a fun ride.

  14. #14789
    Join Date
    Aug 2011
    Location
    panhandle locdog
    Posts
    7,835
    62x EBITA for proposed acquisition of Pinterest by PayPal. Thoughts? Dotcom bubble 2.0?

  15. #14790
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    5,508
    It's a Super App eCommerce strategy like Tencent's WeChat with PayPal combining social media, mobile payments, and crypto. Pinterest is as addictive as Instagram or Snap for older millennials with disposable income. PayPal will argue it's web 3.0 not bubble 2.0 but the generous bid-ask spread and the fact most integrations fail makes the plan risky.

  16. #14791
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    13,964
    https://www.cnbc.com/2021/10/21/trum...box=1634832505

    Trump Spac!!!! IB had borrows. I used them at 72! May regret this

  17. #14792
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    446
    Quote Originally Posted by LeeLau View Post
    https://www.cnbc.com/2021/10/21/trum...box=1634832505

    Trump Spac!!!! IB had borrows. I used them at 72! May regret this
    RIP! I hope you got out ok. Used them at $72 yesterday? (ETA: AH last night, got it) I watched PM yesterday and thought rug pull was coming at open when it was $14-$15, oh so wrong. Some folks on the Discord played it very very well. Like 9 figures well.

    Come to the DISCORD! Great folks and great conversation, need you. (I promise it's not a cult)

  18. #14793
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    How the fuck do some people sleep at night?

  19. #14794
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    13,964
    Quote Originally Posted by CovertM View Post
    RIP! I hope you got out ok. Used them at $72 yesterday? (ETA: AH last night, got it) I watched PM yesterday and thought rug pull was coming at open when it was $14-$15, oh so wrong. Some folks on the Discord played it very very well. Like 9 figures well.

    Come to the DISCORD! Great folks and great conversation, need you. (I promise it's not a cult)
    I'll check it out. I got one more tranche off at 120 premarket so avg is 98s. I was thinking the arb of long warrants short stock but I don't like the timing, the lack of borrows etc.

    I'm still in though. 30 shares for amusement.

  20. #14795
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    446
    Quote Originally Posted by LeeLau View Post
    I'll check it out. I got one more tranche off at 120 premarket so avg is 98s. I was thinking the arb of long warrants short stock but I don't like the timing, the lack of borrows etc.

    I'm still in though. 30 shares for amusement.
    Ha, I love it! Bold move.

    Was trying to wrap my head around the arb opportunity with warrants right when it started blasting off. Couldn’t make it worth the risk, obviously missed out.


    Sent from my iPhone using Tapatalk

  21. #14796
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    446
    Quote Originally Posted by Benny Profane View Post
    How the fuck do some people sleep at night?



    Sent from my iPhone using Tapatalk

  22. #14797
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    13,964
    Quote Originally Posted by CovertM View Post
    Ha, I love it! Bold move.

    Was trying to wrap my head around the arb opportunity with warrants right when it started blasting off. Couldn’t make it worth the risk, obviously missed out.
    FUndamentals don't really matter with the memes but when DWAC releases more info and shows the dilution it will be ugly. Like SPRT style ugly

    PHUN is another rocketship but I don't really want more cult shorts

  23. #14798
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    446
    Quote Originally Posted by LeeLau View Post
    FUndamentals don't really matter with the memes but when DWAC releases more info and shows the dilution it will be ugly. Like SPRT style ugly

    PHUN is another rocketship but I don't really want more cult shorts
    I have been on a self imposed shitco pump timeout. Haven’t gotten hosed, but don’t like the mayhem and managing that has to happen. Been trying to be more sophisticated

    Played SPRT well, but far too conservative. Was playing lottos and closing at EOD or when they hit 200%. Had a boatload of ITM calls that I closed at EOD the night before moonshot to $50. Would’ve been a very healthy payday if I held on.

    RIOT is still main sweety, got assigned another large chunk last Friday @ $30 and sold $35 and $40 on mon/tues. closed a good amount today for 60%. My YTD income from RIOT is laughable, it works until it doesn’t, right?


    Sent from my iPhone using Tapatalk

  24. #14799
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    13,964
    Quote Originally Posted by CovertM View Post
    I have been on a self imposed shitco pump timeout. Haven’t gotten hosed, but don’t like the mayhem and managing that has to happen. Been trying to be more sophisticated

    Played SPRT well, but far too conservative. Was playing lottos and closing at EOD or when they hit 200%. Had a boatload of ITM calls that I closed at EOD the night before moonshot to $50. Would’ve been a very healthy payday if I held on.

    RIOT is still main sweety, got assigned another large chunk last Friday @ $30 and sold $35 and $40 on mon/tues. closed a good amount today for 60%. My YTD income from RIOT is laughable, it works until it doesn’t, right?
    I use RIOT as a cash dividend proxy for BTC. I do have a lot of BTC, ETH in canadian etfs and plan to hold for a while. RIOT gives me my 20% monthly return while I hold. I'm a bit annoyed that its so sideways compared to before when it tracked BTC but the sideways trade works for the covered calls

    Tried for more DWAC borrows. There are now some but I'm not sure I have the stomach for that.

  25. #14800
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    Aug 2016
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    Quote Originally Posted by The Artist Formerly Known as Leavenworth Skier View Post
    62x EBITA for proposed acquisition of Pinterest by PayPal. Thoughts? Dotcom bubble 2.0?
    eBay going to their own payments hit PayPal. The move away from independent web stores is hitting PayPal. Pending us tax reporting will hit PayPal. They desperate.

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