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Posts posted by Wally Fairway
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Once again - I am up more in ALPP today than my portfolio is up. Thanks #stonks and @RCRanger03
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40 minutes ago, Revolution512 said:
Texas doesn’t have a great list of venues that are major worthy. Lots of people list Bluejack. A return to Champions seems like something the tour would do. Whispering Pines is obviously that type of track but I wonder about travel issues. A major in Texas would be awesome
except for the heat and humidity (if in Houston)
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On 1/24/2021 at 7:49 PM, Lobo said:
Mar-a-Lago revenues up $2.0mm over the last fiscal year. Impressive considering the massive hit to hospitality and tourism during Covid.
On 1/24/2021 at 9:00 PM, Nice Guy Eddie said:Isn’t a mar a lago membership cost 200k? So 10 net memberships were sold?
I doubt it is memberships being sold, more likely it is all the rental income, and food and beverage service, directly related to the First Family going there for weekends. And all of the secret service, and administration staff that go along with them and they have to rent rooms at the resort and dine at the resort. Those fees are not discounted at all, so millions is the number that I've seen, but don't know how accurate any of it is.
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17 minutes ago, Texas St. Armadillos said:
60s
Back-to-back years in Texas in the 60's
1968 - PGA @ Pecan Valley (San Antonio) - Julius Boros
1969 - US Open @ Champions (Houston) - Orville Moody -
GME rollercoaster set to launch again today - at $90+ premarket from $76.79 close yesterday. Normally that would be a big move, but with GME who knows?
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14 minutes ago, DonkeyCigars said:
At some point some regulation will be introduced to curb this me behavior of companies like GameStop and Hertz this summer taking advantage of either a) premeditated market manipulation by groups of people online and/or b) stupid people sitting at home with Robinhood buying into hype and following suit.
Something about fiduciary duty to shareholders or something will be the excuse.
Hertz tried to take advantage by issuing shares, I'm not sure GameStop did anything - the regulation needs to be on naked shorts and naked options sellers (naked calls specifically) it was market makers and people trying to short GME. I haven't read anything that management did to force the squeeze, the shortage of PS5 helped the business at exactly the right/wrong time as the squeeze was on from /reddit
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January 25, 2021 stock market summary
Spoiler-
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2 minutes ago, Anastasis said:
I defy you to find a better dopamine pusher than selling naked calls on a stock that has traded between 40 and 160 in the last 3 days.
Maybe Russian roulette
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On 1/22/2021 at 1:31 PM, RDCanecutter said:
I met a lady who left Austin because it had changed too much. I think she left in the late 40s.
On 1/22/2021 at 3:57 PM, Armybrat said:Pics?
On 1/22/2021 at 4:14 PM, RDCanecutter said:No way was I gonna lech on your granddaughter, Brat.
So 1840's?
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22 minutes ago, 52-80 said:
LMAO did the entire market just decide to NOPE today?
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2 minutes ago, bluto said:
Is it at all possible to surmise when these short squeeze rockets fizzle? If I buy summer puts is it safe to assume things will have resolved
I was thinking about that, but Chuck has crashed their GME options screen - totally fucked it up and I guess I'll just have to do some work.
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2 minutes ago, nycHorn said:
Schwab sucks right now. Telling me FPVD symbol is invalid even though I’m holding shares now.
Yeah, they are fucking up right now - I tried to place a sell on ALPP and get an invalid symbol error. WTF
Not that upset as my order has a $5.00 price, but still "Hey Chuck - get your shit together"Just for shits I wanted to see if I could place an order on SPY (sell at $400 - LOL), and that was accepted just fine. So it looks like it might be OTC related.
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25 minutes ago, Blotto said:
As well as the put premiums. When this madness ends, you will still be left with a company whose revenue is in a free fall, and no compelling path forward. It was probably closer to fair value in the single digits.
With no position, I'll have to sit this one out, point/laugh, and hope people start buying up other highly shorted stocks hoping for a repeat (looking at you, LGND).
I've been watching all of this from the sideline, and have missed out on making money on the run-up. But I agree with your take on the fall after the squeeze, so I'll ask how quickly does it unwind, is it the 1/22 calls that forces shorts to cover, or can they continue to short and pay even higher premiums?
I'd look at buying some puts - but are the 1/29 or 2/5 better plays into the fall back to reality?Asking for a friend, who stonks.
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10 hours ago, SimkinsMan said:
Mahomes (baby yoda aka grogu) was 5 years old when Brady won his first Super Bowl
Fucking Brady is going to give George Blanda a run for his money
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1 hour ago, bluto said:
Damn this GME stuff is beyond insane. Reddit broke the market
Isn't this similar to the crude futures squeeze that happened this summer, and saw crude go to negative $40/bbl or more, because people were trading futures (like options) and at the expiration they were required to deliver crude to specific places. And the storage at those places was full, so nobody could take delivery. It will correct but not without huge financial pain for some.
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4 minutes ago, Message Board User said:
It's basically a tax on the poors.
Yup - years ago, I used to work at a gas station/party store, when the lottery first started in Michigan. Anecdotally, we never had someone in a Cadillac take their change in lottery tickets, but lots of people who had were there buying cigs and bread (with food stamps) would take their change in tickets.
Sure I buy tickets a few times a year, but it is a very regressive tax & here they hype how much money it puts into the schools; and they don't tell you that general funds to schools were decreased by more than the lottery provides to education.But it is everyones best chance at becoming a millionaire; I'll wait to buy tickets again until it can make me a deca-millionaire
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2 hours ago, Gourmand said:
Friday’s Mega Millions jackpot was one the most valuable lottery jackpots ever, according to organizers.
One ticket matched all six numbers — 4, 26, 42, 50, 60, and 24 —necessary to win the estimated $1 billion prize, according to Mega Millions. The yet-to-be-identified winner can choose between long-term payments or a $739.6 million lump-sum payout before taxes.
https://www.nbcnews.com/news/us-news/1-billion-mega-millions-jackpot-has-winner-n1255418
Not Me!
That store is only about an hour from me, but it is not where I bought my tickets.
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10 minutes ago, Stella Link said:
Why can't we have more threads like this??
Just click dat "Start New Topic" button - it is all up to you
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14 hours ago, Parliament said:
You, Sir, need to own puts.
Thanks - but it is too early, IMO - this market is likely going to continue to run until the Fed changes policy and more stimulus in on the horizon. I'll take a look after those first 100 days. I think this is like a company running up before earnings release, buy the hype/sell the news.
IMO the market correction happens when the realization hits that widespread vaccine distribution will not bring the economy back to where it was 1 year ago.
I'd rather put risk money into #stonks than puts-
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7 hours ago, bluto said:
DBL posr
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6 hours ago, bluto said:
Damn gents, a solid 10% bump on the portfolio this week, even with holiday. Got on some bbby calls too, now that it’s being publicized gme army is gonna gold rush it
Damn, makes me feel like a chump as I was up just under 7% for the week
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38 minutes ago, TechTech said:
what is driving the ALPP rise? Any news?
1 day closer to NASDAQ, and one of the subsidiaries signed an LOC deal that expands the line and help liquidity, and in theory helps fund operations without having to do add on offerings or private equity deals
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38 minutes ago, Anastasis said:
LOL stonks driving my trading account green today.
#metoo - although by stonks, I mean ALPP
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I give slorch some credit, he didn't claim his 1st amendment rights had been violated.
Now I want my Rochambeaux post put back - or I'm going to start a thread about it.
Don't fuck with rock/paper/scissors
Surly #Stonks
in Business and Markets
Posted
Bravo - take that initial investment off the table (maybe more) and let the rest run.
Nobody ever went broke taking some gains off the table.