Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[RoyBacon]

Baba gave us that 1 chance at $150 and now she's gone at $174. We thank her for that but wished we'd bought more.

My little train, JMP, up another .15 to $7.60 starting to stalk it's all time high of $8.99.

[trobin31]

$MOGO....Canadian fintech owns a ton of Ethereum, I got calls $5c calls, should print

[RoyBacon]

JMP $7.75 choochoo!! Maybe I shouldn't jinx it.

The meme stocks AMC and GME are slithering back to their respective holes after gap up openings. Dogs.

[trobin31]

Nasdaq showing some top signs on both daily and weekly now. Be careful, if we get red to close the week it could be a few weeks of pain in tech.

[trobin31]

So far market no care, we’ll see how closes...I stand by a big melt up into mid to later September, so just ride the wave, wait for vix and usd spike....

new entries:

$DNUT...Krispy Kreme...I think below $17 is reasonable for a possible 10-30% swing trade, insider JAB has been piling up shares and its flagging hard

$INDI...this is more of a long term speculative investment but I think it’s worth stacking over the next few years on weakness

Indie semiconductor...company with niche into lidar and connected tech in vehnicles...1) Management: Board and CEO with Skyworks, Marvell & Cirrus prior management who brought those into 10x companies2) Moat: by focusing on automotive, Lidar and EV they are tapping into providing faster processing speeds and reliability, quality.3) margins: growing business +140 yoy revenue, after recent spac deal top 25% in semi debt ranking, recent M&A of another lidar phototonics4) Meaning: Lidar and computer software in vehicles is one of the highest CAGRs over next 10years and we are currently at inflection point...companies like INDI, CRNC are still very early but possibly a chance to get in at a venture capital level entry.

lastly, Soros’ fund loaded up last quarter as well as board and CEO recently.

[Slurry Pumper]

All the market has been doing is hanging out waiting to go higher. Tomorrow we have another announcement and the charts are telling me that it is a good time for the markets to break out. Going into the holiday weekend more often than not, the market rises. I can smell it already they will goose the markets higher and even next week the trend will continue and maybe on Wednesday there will be a little pause. That's the way I see the next couple of days.

[Skidcom]

Been scalping put premium with calendar spreads on AMC and GME for a few months. Slow and steady wins the race. Love weekly expirations. time value decay is a beautiful thing

[chico2663]

$MOGO....Canadian fintech owns a ton of Ethereum, I got calls $5c calls, should print

I had 5 that I sold in Jan of this year. I dreamt so I died. Which I did but was brought back.

[RoyBacon]

Been scalping put premium with calendar spreads on AMC and GME for a few months. Slow and steady wins the race. Love weekly expirations. time value decay is a beautiful thing

Me too. Most profitable running trade of my career. Sucks up a fvvk of a lot of margin. I'm not spreading them just shorting the furthest strike with 7-9 days. Fugging money pouring in and only a couple of bird strikes.

[Slurry Pumper]

Still looking to short AMZN here. I'll probably wait until next week before stepping in with Oct 8 puts 3400 strike, right now they are asking 65.50. After they give the market a feel good boost today going into the weekend, these will get cheaper.

[trobin31]

I had 5 that I sold in Jan of this year. I dreamt so I died. Which I did but was brought back.

Glad you escaped the reaper

[trobin31]

https://newsfilter.io/articles/genius-sports-secures-latest-official-data-nfl-and-fan-engagement-partnership-with-wynnbet-596064ca62689184457671b58027b3c2

$GENI...anyone familiar with Genius sports, online betting platforms are tripping over themselves to get access to their data...anyone familiar or investable knowledge here? Data is the new real estate...best to figure out where the beach front property is...

[Mac4Lyfe]

Next 2 to 3 weeks are going to be very choppy in the markets. I just sold off 80% of my portfolio. I'll buy back in a few weeks. BOL to all

[homie1975]

Next 2 to 3 weeks are going to be very choppy in the markets. I just sold off 80% of my portfolio. I'll buy back in a few weeks. BOL to all

80% Macker noooooooo

[Mac4Lyfe]

80% Macker noooooooo

Yep, probably should have sold 90%. I've got a few puts as well. Get out while you can and buy back next month. Thank me later.

[Mac4Lyfe]

I'm not trying to say doom and gloom. Dollar cost averaging in the long run always the way to go. I just expect the market to have some ups and downs the next few weeks, mainly down. Have to be very selective. Expect a nice run mid October into the holidays.

[homie1975]

Yep, probably should have sold 90%. I've got a few puts as well. Get out while you can and buy back next month. Thank me later.

You're trying to time it though. Extremely tricky

[RoyBacon]

GME taking a hit AH -$18.

Earnings came out and was -.70 vs the expected -.60. What a dog. I'm still short calls.

[homie1975]

GME taking a hit AH -$18.

Earnings came out and was -.70 vs the expected -.60. What a dog. I'm still short calls.

You've hung in there for a long time. U called your shot and u deserve to be rewarded.

[RoyBacon]

You've hung in there for a long time. U called your shot and u deserve to be rewarded.

Thanks Hom. Enjoy the Hogs game but hopefully, for my sake, you don't enjoy it too much. 27- 20 Texas.

[Mac4Lyfe]

GME taking a hit AH -$18.Earnings came out and was -.70 vs the expected -.60. What a dog. I'm still short calls.

I can't short stocks that people are evangelistic about.

[RoyBacon]

I can't short stocks that people are evangelistic about.

Been a bit of a life changing trade.

Look at this trade:

As the market closed yesterday you could short the Sept 17 GME 500 call for $1.5.

Think about that. The stock is $200 and you can short a $500 call with 6 days left for $150 each. The call is $300 OUT of the money.

Today, 1 day later, it's trading for .25. In 5 more days it will be $0.00.

You only get a few of these type trades every lifetime.

[RoyBacon]

JMP is worth watching today. Normal avg volume 56k. Todays vol already 82k $7.43.

I'm calling this guy to be bought out at $9.75 by the end of the year.

[RoyBacon]

JMP is worth watching today. Normal avg volume 56k. Todays vol already 82k $7.43.

I'm calling this guy to be bought out at $9.75 by the end of the year.

Just got an offer for $7.50 cash from Citizens. Well, need a better offer.

[ex50warrior]

Been a bit of a life changing trade.

Look at this trade:

As the market closed yesterday you could short the Sept 17 GME 500 call for $1.5.

Think about that. The stock is $200 and you can short a $500 call with 6 days left for $150 each. The call is $300 OUT of the money.

Today, 1 day later, it's trading for .25. In 5 more days it will be $0.00.

You only get a few of these type trades every lifetime.

The premium is crazy!! How much margin interest do you figure you pay per contract?

[RoyBacon]

The premium is crazy!! How much margin interest do you figure you pay per contract?

I don't pay any.

You use your equity. You need about $50k per call of equity.

[ex50warrior]

I don't pay any.

You use your equity. You need about $50k per call of equity.

Even better! You had mentioned a similar trade with AMC several months ago. Both look almost too good to be true. Thanks!

[RoyBacon]

Even better! You had mentioned a similar trade with AMC several months ago. Both look almost too good to be true. Thanks!

The option premiums are just in the stupid range.

The only way to lose is the dreaded margin call. Say GME goes up $100, big deal. You're short $500 calls so you you're not worried. But the margin doubles and now you need $100k per contract.

I did get caught when AMC went from $12 to $45 in like a 7 day period. But made up that loss quickly.

[Greget]

The option premiums are just in the stupid range.

The only way to lose is the dreaded margin call. Say GME goes up $100, big deal. You're short $500 calls so you you're not worried. But the margin doubles and now you need $100k per contract.

I did get caught when AMC went from $12 to $45 in like a 7 day period. But made up that loss quickly.

Glad to hear your out of hospital. I know covid kicked your ass being so overweight, but at least you made it.

[RoyBacon]

Glad to hear your out of hospital. I know covid kicked your ass being so overweight, but at least you made it.

You got the wrong fella, fella. I am 15 lbs overweight though. Working on that. Love waygu steaks.

Knock on wood I haven't had covid yet.

[trobin31]

Two of most hawkish Fed chairs now selling millions in stock for “ethical” reasons after they’ve cleaned house spiking the punch bowl and now ready to sell before leave “hard and fast” taper...They should be forced to hold their stock and meet the same fate of all those retirees...friggin scum

[homie1975]

Two of most hawkish Fed chairs now selling millions in stock for “ethical” reasons after they’ve cleaned house spiking the punch bowl and now ready to sell before leave “hard and fast” taper...They should be forced to hold their stock and meet the same fate of all those retirees...friggin scum

Unreal.

[Mac4Lyfe]

Two of most hawkish Fed chairs now selling millions in stock for “ethical” reasons after they’ve cleaned house spiking the punch bowl and now ready to sell before leave “hard and fast” taper...They should be forced to hold their stock and meet the same fate of all those retirees...friggin scum

Most people don't even know the game is being played.

[Mac4Lyfe]

Love waygu steaks.

You might have to order those steaks on margin. Lord, they're expensive. Good but so overpriced.

[Enkhbat]

It's been a rough week for S@P500 index. Maybe a recovery today?