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Wally Fairway

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Posts posted by Wally Fairway

  1. 10 PIcks due no later than end of the year (or by end of the day 1/4/2021 if you miss the first deadline)
    at least 1 pick needs to be under 40 years old, as of 1/1/2021
    score is 100-age at death (and nobody really keeping score, unless someone wants to ante up prize(s))

    Picks must be famous (wiki is a source, but not a definitive source)

    1. Orenthal James Simpson 
    2. Bill Cosby 
    3. Bernie Madoff
    4.  Mike Tyson
    5. Rudy Guiliani
    6. James E "Jimmy" Carter
    7. Donald J Trump
    8. Dennis Quaid (maybe I should pick Randy?)
    9. Ted Nugent - 
    10. Fitlump - Counselwoman Mackenzie Kelly

    Note - for years I've picked Joseph Ratzinger (aka former Pope Benedict)

    • Hook 'Em 1
  2. On 11/3/2020 at 2:48 PM, Wally Fairway said:

    I've avoided this thread for a while - but this is something that I needed to share
    I've heard it all, from family and friends - 99% of the people who get it are fine, only old people, people with other co-morbid conditions die, most don't know they have it and those that do it is like the flu

    Well this hits close to home, well at least to my adopted hometown - my kids grew up here, and my this girl was a close friend of my youngest son.

    A 20 year old college student died in her sleep last week - and her family and her hometown mourns

    https://www.lansingstatejournal.com/story/news/local/2020/11/03/bethany-nesbitt-grand-ledge-grace-college-covid-19-blood-clot/6142078002/

     

    I guess it doesn't really hurt anyone, until it does
    and I know this won't change anyone's opinion - hell it hasn't changed my redneck Son in-laws opinion that it is mainly a hoax
    not looking for T&P, just sharing because for some families COVID is very real

    Her brother Stephen wrote an article released on Christmas about her death and the birth of his first child

    https://theathletic.com/2257503/2020/12/25/bethany-nesbitt-grace-college-covid-death/?article_source=search&search_query=bethany

    Quote

    This is the first Christmas without Bethany, and the first with Luke. Our son was born six days after my little sister died as she slept in her dorm room. She had COVID-19. She was 20.

     

    • Hook 'Em 1
    • Like 1
  3. On 12/16/2020 at 10:22 AM, 52-80 said:

    PSLDX has been a banger for me.  the best buy and hold , non-meme , reliable brrr machine.  the track record is unbeatable

     

    On 12/18/2020 at 11:50 PM, hornian said:

    Fidelity website claims this has a $1,000,000.00 minimum to place and order.  
     

    That was the best humblebrag I believe I have seen yet. 

     

    On 12/19/2020 at 7:33 AM, nycHorn said:


    Same $1,000,000 on TD. It’s $2500 on Schwab.

    Posting so I can find this again - Schwab is 1,000 min on IRA, but there are fees to buy - so I'm going to put some of my IRA funds into this when I rebalance in the next couple of weeks

     

  4. On 12/18/2020 at 3:34 PM, Wally Fairway said:

    Yeah - I think the number I've read is that funds will need to add >$70 billion in TSLA to their portfolio, and that means selling about the same amount of everything else.
    I'm gonna double down on my investment in that being disruptive and have a 2:1 strangle 12/23 expiry - so hoping for some sort of  swing

     

    On 12/21/2020 at 10:56 AM, Wally Fairway said:

    So my investment was to buy 20 $360 12/23 puts and 10 $372 12/23 calls - I've sold 12 of the puts and covered the entire cost of the strangle and can now sit back for a bit and see how this plays out.
    And who knows why this move is happening - TSLA added to S&P (and related selling in everything else), new Rona variant, Stimulus, brrrrrrt machine restarting or not running through end of the year, daily Fed stopgap budgets to temp forestall a shutdown, Jupiter and Saturn conjunction, Aggy tears, Fitlump, ....

    Good thing I decided to take some of this off the table on Monday - as I bought 20 $360 puts for $2,030 and 10 $372 calls for $1,020 that all expired today - on Monday I sold some of the puts when the market opened down and recouped just under $3,100 and the rest expired as I didn't cash them out yesterday for a few $100 (which was stupid and lazy). So all in all it wasn't bad, but I really expected more movement. 
    Lesson - short term options is like going to the craps table, lots of excitement and you can think you have a plan but it is all really a roll of the dice (and Theta is a cold hearted bitch who loves to eat all your cash)

    • Like 1
  5. 2 minutes ago, Wally Fairway said:

    Now do TSLA it was $84 12/23/19, $36 the year before that and also in 2017 and now it's $625 (down from almost $700)

    Valuation is whatever the market is trading - - just saying
    I've been wrong more than I've been right, but when you get one right it can pay for a lot of wrongs (if you sell them before they absolutely die)

    Saying this made me go back an look up a company (ARWR) that I was #stonking in the mid 2000's and in and out of until it did a reverse splits in 2004 (1:65) and 2011, (1:10) - I made money getting in and out, but I rode it way to far down and finally got out after that 2nd reverse split. I haven't looked at it in at least 5+ years. 
    No idea what happened, but from mid 2017 $5 it is now above $80. I'm not sure what any of the does, I do remember believing that nanotechnology was going to be the next big investing opportunity, and what else I've just learned is that you should never look back (it's like looking up an old girlfriend on social media.....just don't do it)

  6. 45 minutes ago, Blotto said:

    Something seems odd about this entire thing, but thats OTC stocks for you. The acquisition of a company with a handful of employees causes ALPP to increase from $.05 to $2.50 in 6 weeks? There are dozens of drone companies that are much further along, with greater funding and higher revenue (AVAV for instance), and there are hundreds of engineers that have left TSLA to work somewhere else. Yet somehow a combination of those two facts  allowed the acquisition of a company whose investors were willing to sell for a few million to spike  ALPP's valuation by 50X. If IA's inherent value is truly worth $200 million in market cap, why would the investors sell for a few million and let ALPP shareholders profit. What percentage of ALPP did the investors of IA get, because the market has determined that ALPP with IA is 50X more valuable than ALPP without IA. 

    Now do TSLA it was $84 12/23/19, $36 the year before that and also in 2017 and now it's $625 (down from almost $700)

    Valuation is whatever the market is trading - - just saying
    I've been wrong more than I've been right, but when you get one right it can pay for a lot of wrongs (if you sell them before they absolutely die)

  7. ALPP is the gift that keeps on giving (jinxer no jinxing)

    and it is a good thing I cash out enough of my SPY strangle to cover the investment because both sides of that are down >30% today at the open. So you can thank me for a today and tomorrow being low volatility days in SPY

  8. On 12/20/2020 at 8:54 AM, nnm said:

    It’s like they’ve captured the essence of the life of the typical surly poster. 

    hey fuck you  - I resemble that remark 😂😂😂

    but it is awesome to have Bert back in the B1G,aaaa where he went from coaching a front-running program to trying to resurrect a dead program. The Illini have gone 41-68 over the last decade, including 7-6 in 2011.

    • Like 1
  9. 1 minute ago, LTtxfan said:

    By John Brice -   December 21, 2020On Monday, hours after interviewing with Auburn officials and “connecting well,” per sources, with Tigers’ director of athletics Allen Greene, Louisiana coach Billy Napier announced he was remaining atop the Cajuns’ program.

    So is Greene staying at Louisiana like Nick stays at Miami and Mel Tucker stayed at Colorado, or is he really staying?
    Because saying you are staying seems like it can be worth millions of $$$'s when it means you could move for the right price

    • Hook 'Em 1
  10. On 12/18/2020 at 3:34 PM, Wally Fairway said:

    Yeah - I think the number I've read is that funds will need to add >$70 billion in TSLA to their portfolio, and that means selling about the same amount of everything else.
    I'm gonna double down on my investment in that being disruptive and have a 2:1 strangle 12/23 expiry - so hoping for some sort of  swing

    So my investment was to buy 20 $360 12/23 puts and 10 $372 12/23 calls - I've sold 12 of the puts and covered the entire cost of the strangle and can now sit back for a bit and see how this plays out.
    And who knows why this move is happening - TSLA added to S&P (and related selling in everything else), new Rona variant, Stimulus, brrrrrrt machine restarting or not running through end of the year, daily Fed stopgap budgets to temp forestall a shutdown, Jupiter and Saturn conjunction, Aggy tears, Fitlump, ....

  11. 5 minutes ago, Harrison Stafford said:

    I would sell the news.  Methinks TSLA retreats from these levels.  Of course, that’s just my opinion.  I could be wrong.

    Yeah - I think the number I've read is that funds will need to add >$70 billion in TSLA to their portfolio, and that means selling about the same amount of everything else.
    I'm gonna double down on my investment in that being disruptive and have a 2:1 strangle 12/23 expiry - so hoping for some sort of  swing

  12. I think this is confirmation that I've been #stonking (read the last sentence)

     
    By January 31, 2021, Charles Schwab & Co., Inc. (“Schwab”) will restrict orders in Caveat Emptor designated OTC securities to liquidating trades only. Closing trades will continue to be allowed after this time.

    Why is this change happening?
    A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding the company that there may be potential risk to investors which may include:
       
    a potentially misleading or manipulative stock promotion,
     
    known investigation of fraudulent or criminal activity committed by the company or insiders
     
    regulatory trading suspensions or halts,
     
    disruptive or undisclosed corporate actions, and/or
     
    other reasons related to the public interest.
     
    Caveat Emptor securities have the potential for illiquid and highly volatile conditions. A skull and crossbones icon is placed next to the stock symbol.

    We are notifying you as you may have traded in or held positions in securities of this type within the past 12 months.

     

    So it looks like I'll need an additional account to make #stonk-trades, as Schwab doesn't want my business.

  13. https://www.mlive.com/news/grand-rapids/2020/12/son-wins-lawsuit-after-mom-throws-away-his-best-porno-mags.html

    Quote

    A Grand Haven couple will have to pay for disposing of their son’s pornography collection.

    The only question is how much.

    David Werking, 42, sued his parents, Beth and Paul Werking, after they tossed out what a judge called “a trove of pornography and an array of sex toys.”

    U.S. District Judge Paul Maloney in Kalamazoo granted the son’s request for summary judgment in his favor.

    David Werking ..... more like David Jerking

  14. 5 hours ago, RCRanger03 said:

    DECN just got sued by the SEC for their stonk antics. I ended up making money overall, but will be glad that they're getting the hammer if it was all a hoax

    https://www.marketscreener.com/news/latest/SEC-sues-California-biotech-company-for-misleading-investors-about-COVID-19-tests--32040442/

    Yeah, I played with that for a little while in April - June and got lucky and made a little money, but it is super stonky with only 1 director, the guy running the company; and I'm certain he is just making shit up for press releases

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