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Markets still falling like whoa

Llano Estacado

By Llano Estacado
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52-80

52-80 19378

Posted
Posted

Can someone encourage me to yank the band-aid off?

 

I have a good bunch of shares of energy company accumulated through DSPP.  They are a gigantic blight when I look at my account.  I kept them due to part sentimentality, and part stupidity.

 

What they used to be worth, of what they could have been worth doesn't matter right?  Spoiled milk can't unspoil, and I wouldn't put a dollar in that security before putting a dollar elsewhere.

 

So I should just exorcise the whole thing.

 

I mean...just fucking hurts to look at it...

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Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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B00M

B00M 6726

Posted
Posted
35 minutes ago, 52-80 said:

Can someone encourage me to yank the band-aid off?

 

I have a good bunch of shares of energy company accumulated through DSPP.  They are a gigantic blight when I look at my account.  I kept them due to part sentimentality, and part stupidity.

 

What they used to be worth, of what they could have been worth doesn't matter right?  Spoiled milk can't unspoil, and I wouldn't put a dollar in that security before putting a dollar elsewhere.

 

So I should just exorcise the whole thing.

 

I mean...just fucking hurts to look at it...

 

If there's little to no chance it rises in the near term, and you're sick of owning it, why wouldn't you sell it? At least then you've got some cash to buy the looming dip/recession/depression 

 

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LTtxfan

LTtxfan 49911

Posted
Posted
1 hour ago, 52-80 said:

Can someone encourage me to yank the band-aid off?  I have a good bunch of shares of energy company accumulated through DSPP.  They are a gigantic blight when I look at my account.  I kept them due to sentimentality, and part stupidity.  What they used to be worth, of what they could have been worth doesn't matter right?   So I should just exorcise the whole thing. I mean...just fucking hurts to look at it...

 

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ChiTownDoc

ChiTownDoc 21325

Posted
Posted
5 hours ago, Anastasis said:

Cramer on CNBC telling everyone to go read a history book.  This fucking guy. 

The market turned on a dime as soon as he said things were looking up.  I was starting to worry about the market running after I had gone to my cash positions...I know I posted about it when it happened but have to say it again, this guy is an absolute black cloud when it comes investor advice. 

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Anastasis

Anastasis 23699

Posted
Posted
2 minutes ago, ChiTownDoc said:

The market turned on a dime as soon as he said things were looking up.  I was starting to worry about the market running after I had gone to my cash positions...I know I posted about it when it happened but have to say it again, this guy is an absolute black cloud when it comes investor advice. 

Grade A clown. 

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52-80

52-80 19378

Posted
Posted
1 hour ago, B00M said:

 

If there's little to no chance it rises in the near term, and you're sick of owning it, why wouldn't you sell it? At least then you've got some cash to buy the looming dip/recession/depression 

 

Stockholm syndrome.  Each tranche that was worth 5 figures, is now basically a loaded iPhone. Just sour to know these weren't grants, they came out of my fucking paycheck

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Trey3216

Trey3216 15450

Posted
Posted
42 minutes ago, ChiTownDoc said:

The market turned on a dime as soon as he said things were looking up.  I was starting to worry about the market running after I had gone to my cash positions...I know I posted about it when it happened but have to say it again, this guy is an absolute black cloud when it comes investor advice. 

I actually respect his opinion as a trader in many things.  Reading some of his books in the past has gotten me to think about how information comes into the market, and how it is disseminated from the mega-firms.   There’s a lot of reading between the lines that he experienced and was highly successful at, so I will give him that respect even though he drives me nuts and can be a crackpot when he lets his political or buddy-buddy feelings overwhelm his business acumen.  

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Tailgate

Tailgate 3054

Posted
Posted

Well, as an AAPL fanboy I had to get back into a small position today.

As a reminder...as I was working, watching the news, following the market and dealing with the day....I get a text from my daughter that her good friends dad just got diagnosed with liver cancer.

As much as this chaos is causing us...let’s not forget to count the blessings we do have.

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aggie08

aggie08 21734

Posted
Posted
49 minutes ago, ChiTownDoc said:

Fuck it, have been saving up...Bought 3 shares of Amazon.  I see it running for the rest of C19 BS and they're getting a lot of new customers that they'll keep.  Can blame this one on Cuban when it goes to hell in a handbasket...

God damn, I knew you weren't hurting for money, but holy shit. Making it rain.

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Wally Fairway

Wally Fairway 5664

Posted
Posted
1 hour ago, ChiTownDoc said:

Fuck it, have been saving up...Bought 3 shares of Amazon.  I see it running for the rest of C19 BS and they're getting a lot of new customers that they'll keep.  Can blame this one on Cuban when it goes to hell in a handbasket...

Damn bro - for that money you could have bought you could have almost bought

1 - 6/18/2021 $3,600 call .... almost 1 option
or
1 -  6/18/2021 $1,500 put... almost 1 put
you might have to turn in your #stonk card for buying long and not going with futures.....the club will have a vote tonight

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ChiTownDoc

ChiTownDoc 21325

Posted
Posted
37 minutes ago, Wally Fairway said:

Damn bro - for that money you could have bought you could have almost bought

1 - 6/18/2021 $3,600 call .... almost 1 option
or
1 -  6/18/2021 $1,500 put... almost 1 put
you might have to turn in your #stonk card for buying long and not going with futures.....the club will have a vote tonight

 

8DFB32A0-C501-4AC5-A019-85865E42C0B2.gif

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Hmbre97

Hmbre97 6337

Posted
Posted
7 hours ago, Wally Fairway said:

Damn bro - for that money you could have bought you could have almost bought

1 - 6/18/2021 $3,600 call .... almost 1 option
or
1 -  6/18/2021 $1,500 put... almost 1 put
you might have to turn in your #stonk card for buying long and not going with futures.....the club will have a vote tonight

This man out here talkin' about LEAPs

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Wally Fairway

Wally Fairway 5664

Posted
Posted

Is there any credible prediction on the first time unemployment number for tomorrow?
IMO it will be less, significantly, than the previous 2 weeks - because I'd think most mass layoffs happened earlier, then again I know Michy's system was overrun for several weeks and some people couldn't get their claims in when first let go.
Starting next week some will start to get called back, much bigger numbers in early May, related to PPP loans being funded.

Then again all of this could well be already priced into the market - but what do I know?

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TonyTexas

TonyTexas 10683

Posted
Posted
20 hours ago, ChiTownDoc said:

Fuck it, have been saving up...Bought 3 shares of Amazon.  I see it running for the rest of C19 BS and they're getting a lot of new customers that they'll keep.  Can blame this one on Cuban when it goes to hell in a handbasket...

You’re doomed. Barstool Davey Day Trader is long 5000 shares. He’s never right. 

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4thgenhorn

4thgenhorn 40

Posted
Posted
On 4/21/2020 at 8:08 AM, Tailgate said:

SBUX deal in China. Where they will be opening production at some point later this year.

I bought some more BYND. This is definitely a spec pick for me given its such a small cap. But I got the fever for some gambling so F it. 
 

it’s been quite a bounce back overall; may fun money account is down under 10% this year...not sure if it’s time to take $ off the table or just keep buying. Really no idea. Might just keep doing covered calls. 
 

Another one I want is SHOP if it pulls back $100. I’ve also never bought BABA, and might go that way soon too. 

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Aqua Buddha

Aqua Buddha 14782

Posted
Posted
23 hours ago, ChiTownDoc said:

Fuck it, have been saving up...Bought 3 shares of Amazon.  I see it running for the rest of C19 BS and they're getting a lot of new customers that they'll keep.  Can blame this one on Cuban when it goes to hell in a handbasket...

AMZN is overvalued and always will be.  I took a big leap of faith at $700 and it was overvalued then.

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Tailgate

Tailgate 3054

Posted
Posted
17 minutes ago, Fudge Nuggets said:

He started out with $5MM (or so), lost his ass the last month and is now long $11.8MM worth of AMZN?  How much stimulus money did that fuckhead get?

He got an investment that valued his company at $450m before the virus hit. Dropped $3m into E-Trade and walked into the casino.

Upped my AMZN today before earnings...it’s been so stupid not sure it will stop before full insanity is hit.

Also grabbed more BYND. When will our cattle start to get this shit?

Yall are going to have me #stonking before too long in my play account.

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TonyTexas

TonyTexas 10683

Posted
Posted
1 hour ago, Fudge Nuggets said:

He started out with $5MM (or so), lost his ass the last month and is now long $11.8MM worth of AMZN?  How much stimulus money did that fuckhead get?

Margin requirement for day trading is usually around 33% vs 50% for overnight positions. 

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