Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. texasraider

    texasraider thanks
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    kicking myself for selling my XLY puts on Friday
     
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  2. Gallant Knight

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    Let’s see how much I can lose on tesla this time

    D1706A15-5CF0-4E87-9E8C-31D12EB014FF.jpeg
     
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  3. texasraider

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    these are up 65%ish depending on your cost
     
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  4. Gallant Knight

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    $8.40 for the $800s
    $1.40 for the $700s
     
  5. Gallant Knight

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    added 20 tsla $750s at $3.71

    would love for tesla to shit down to 650 at some point this week
     
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  6. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Gallant-

    explain to me what you’re doing like I’m 8.
     
  7. Gallant Knight

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    betting that tesla will go down another 10% by wednesday basically.
     
  8. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    What are we buying on the dip?
     
  9. Gallant Knight

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    nothing this week. i think this is going to get worse before it gets better.

    if i'm wrong you and you think it's a one day thing then buy a bunch of aapl or goog and make 5% in a day
     
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  10. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    No, I think it's definitely getting worse. Just curious on consensus.
     
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  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    agreed, even just the coronavirus issues are seeming to be getting worse at a quick rate
     
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  12. texasraider

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    Corona virus and then Bernie

    :sweep:
     
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  13. Gallant Knight

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    car sales in china down 92% yoy first two weeks in feb. i don't think people in china are going to be buying shit for a while
     
  14. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    been baked in for a while on that front

    been lots of signs of weakness or just confusingly propped up sectors that something like coronavirus being the match could make it run
     
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  15. ohbluefan

    ohbluefan Well-Known Member
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    Maybe I made the right call moving my 401k back? :idk:
     
  16. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Only if you catch the falling knife and reinvest at the right time. Good luck with that.
     
  17. Gallant Knight

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    would probably not touch a 401k ever until i was 60
     
  18. ohbluefan

    ohbluefan Well-Known Member
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    Yeah who knows if this is a legit correction or not, and like you said when the hell do I take it back up to the proper vanguard?
     
  19. Gallant Knight

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    tsla closes at 833. if it goes below 800 tomorrow i will be a very happy man
     
  20. Gallant Knight

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    i know this will never ever ever happen, but if elon guides down because of china i will literally make a million
     
  21. momux

    momux AFAM Scholar
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    Well ignore this shit other than to say if Gallant Knight threads the needle on this he should open his own hedge fund.
     
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  22. Ty Webb

    Ty Webb Living rent free in Jigga's head
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    Well the nice thing is that if you buy in at any level below what you sold at, you "won".
     
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  23. burnttatertot

    burnttatertot butt tuck zoomies
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    3M and Apple, but wait for more blood.
     
  24. texasraider

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    Keep going I’m almost there
     
  25. Gallant Knight

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    12 more $800s at market open at $6.10
     
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  26. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I'm looking at these airline stocks and wondering whether to buy on the dip.

    AAL has lost 21% of its value in less than 2 weeks. This came after what appeared to be a bullish reversal early in the year.

    Jet Blue is testing support right now after losing 12% in the last week or so.The airline does not fly in Europe or Asia, and has not been affected by the virus.

    Looking at Delta too. Buffett loves it, and it appears to be pretty cheap.
     
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  27. Gallant Knight

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    I own southwest but not a lot
     
  28. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    The only thing keeping me from pulling the trigger is the concern that the virus will spread in the US, similar to the way it has in Italy and S. Korea, before an effective vaccination is approved. I think the spread is almost an inevitability; the question being really one of whether it comes before a vaccine. The US would not even attempt the large-scale quarantines like we've seen with China and Italy. If this thing starts to run in the US, the markets are going to bottom out.
     
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  29. letan

    letan Just looking for the gator board
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  30. Gallant Knight

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  31. Arliden

    Arliden Well-Known Member
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    should note that says from 1/27, we’ve clearly gone beyond 2.5%.
     
  32. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    I’m down 6% in two days.
     
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  33. letan

    letan Just looking for the gator board
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    From 1/27 that percentage is right however the market was up probably another 4ish % before falling so the drop is around 6% from the top.
     
  34. texasraider

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    no one likes a braggart
     
  35. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    so you’re betting that tesla closes at or below 800 before the end of the day. It cost you $73? What do you get as a return if you’re correct?

    again, I’m new to all of this so I apologize if these are elementary questions.

    remember- there are no dumb questions, just dumb people.
     
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  36. Gallant Knight

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    Haha no

    betting it closes under $800 on 2/28

    I have the option to sell 1,200 tesla shares for $800 each on 2/28

    If it closes at 700 on 2/28 then I can buy 1200 shares on that day and sell them to the guy I bought the option from and pocket the $100 difference

    it costs $6.10 per share to do this

    each put option is sold in 100 share lots so when I say $6.10 it’s really $610
     
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  37. Gallant Knight

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    They’re trading around 20 now so I could sell and pocket ~$17k
     
  38. Arliden

    Arliden Well-Known Member
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    Not end of day, they are typically end of week. There’s also a time component to it, it’s more valuable today than tomorrow if the price were to stay the same.
     
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  39. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    I appreciate you dumbing it down for me. Thanks.

    Also, you got some serious scratch over there. Is this your profession?
     
  40. Gallant Knight

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    Nah I’m a safety lawyer
     
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  41. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
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    Nice. Good for you dude.
     
  42. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    market just getting shelled

    how loooow will she go
     
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  43. momux

    momux AFAM Scholar
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    Buying time.
     
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  44. Gallant Knight

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    went to sleep at 1 last night dow futures were +250

    set an alarm at 4 to see premarket for individual stocks and futures were like +80

    8:30 and its like even

    it's getting titted
     
  45. HuskerInMiami

    HuskerInMiami Well-Known Member
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    If I wanted to move say 25% into a more safe place for a few months, what would you suggest? FXNAX ? A further out retirement fund?
     
  46. Gallant Knight

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    ca$h
     
  47. HuskerInMiami

    HuskerInMiami Well-Known Member
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    more than bonds?
     
  48. Gallant Knight

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    i am BEGGING for tsla to close with a 7 in front