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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
I'm going back to puts once we hit 270ish in SPY
I'm not a tax expert but I think that's right.
unemployment claims is what gets reported tomorrow.
I’m taking nibbles on some long positions here and there, but still playing with some short options still in the near term.
Yes it’s based on the market value on the date of conversion
Long time listener, first time caller.
I bought a $27.50 strike 1/15/21 CCL call yesterday for $2 and they're trading around $2.80 now.
Should I get out while the getting is good and look at some shorter term puts or keep on holding?
I guess it's had enough of being up big today.
Yeah, lots of stuff falling off the cliff just before closing. Lost my ass all day on weekly Puts so I'd appreciate if that continues tomorrow AM
Yeah, I bought into SPXS throughout the day. I'm now positive for the day after being down 12%.
LOL it was up like 25% today.
Went hot & heavy on these this past week, feel free to point out where you think I went wrong.
I think it'll jump eight to ten bucks and I'll bail again. You oil & gas guys sure do hate that company.
Those 30% salary reductions across the board tho
The man has bought you a house and is building your ventilator.
Unless you were a legacy APC employee. They only got 5%
It was a shit company before their CEO destroyed it and then it was extra shit. Then Russia and Saudi. Then covid.
It’s no ORIG
Also wouldn't have touched Wells Fargo
...then recovery. then profit. it's gonna happen, I can feel it!
Never heard of it.
Oooohhhhh... it's no more, huh?
Lechnerd made a bragging post about his big investments in ORIG and how he was going to get rich
Company promptly went out of business
It’s not often we get to watch a situation go south from beginning to end. The thread was a gem.
The stock did show up very weirdly in stock screeners if you ran the settings wrong like I did
I work in oil & gas finance and those offshore drillers typically do screen well due to cash flow from long-term contracts until a downturn hits. Basically the E&Ps say, “remember that contract we signed with you.... LOL, force majuere.” Some just used Covid this past week to break contracts.
But since I work in O&G finance, I’m also 50/50 if I’ll have a job a month from today.
If you want an o&g play look for something primarily natural gas. Anything that is heavy in the Permian oil is at the mercy of Russia/Saudi/covid and I don't think it gets better any time soon. Russia is too proud to come running back to the table this quickly.
With Permian shutting down the massive amounts of associated gas coming out of there has been going away. Natural gas prices are expected to climb over the next two years.
Disclaimer: not an expert, just an essential worker
Cheesecake Factory has apparently decided they “aren’t paying rent” at any locations in April due to CV. Interested to see how the market reacts to that news. Down 18% in premarket.
Unemployment numbers just released
CEO just kinda said “nope”
I know personal finance and business finance are too drastically different things, but it’s still surprising to me how many businesses are just completely screwed after basically 2 weeks of income disruption.
Great recession initially was at 700k filing for unemployment
That’s just the NEW claims???
Yes...for the week ending 3/21
Well today may finally be the day to get out of some puts in the green
Sure, but nothing makes sense and I imagine this is priced in to being 30% off highs.
Those numbers don't even reflect states like Ohio that just went on lockdown
Ohio, IL, NJ, DC, NE all off the top of my head went into lockdown since 3/[email protected]
To an extent, sure, but 3.2 mil is almost twice the consensus estimate. Hard to believe that was fully priced in.
The range of projections was 1-4M
I am aware. I never said NOBODY priced it in.
And yet...we're still on the rise.
Futures all down, no?
Anybody here investing with Fundrise or any of the real estate deals like that? Have those returns changed over the last month or two?
400 point improvement on news that 1% of the country's population just lost their job. sure sure i know what i'm doing here.
Yeah, I've basically resigned myself to losing my ass on the positions I bought yesterday. What a mess.
Samsies. Seems I never stop learning valuable lessons when it comes to stocks.
depends when you look. Been choppy. I’ve seen it down, up, flat and down the last 4 times I checked
It's going to be volatile today. I may get out of some of my long positions today.
Lol annnd already you another 2.5%. Sheesh