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Posted
  On 6/25/2020 at 10:25 PM, Dnaguy said:

So without the moved goal posts , would the banks have all flunked the stress test?

Serious question b/c I’m trying to keep up but these fed/treasury shenanigans are starting to feel all Enron accountingy. 

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They are committed to keeping the financial system afloat in the belief an intact and functioning "market" will lead to a faster recovery. I don't know the answer to your question. But Brainard of the Fed dissented that the Fed wasn't doing enough to safeguard against failure. Here is a BBC article on the tests and the implications: https://www.bbc.com/news/business-53187415

 
 
 
 
 
 
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Posted (edited)

I think $BYND upside is limited in the short term but still a decent long term hold. I sold about half of mine and letting the rest ride for now. I have not found much else that I really want to invest in at this point.

Edited by ZB'Tejas
Posted
  On 6/26/2020 at 1:24 PM, ZB'Tejas said:

I think $BYND upside is limited in the short term but still a decent long term hold. I sold about half of mine and letting the rest ride for now. I have not found much else that I really want to invest in at this point.

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Sold half mine as well; the remaining half I have decaying covered calls. The calls are so rich I think I’ll be holding for a while just based on that alone. 
 

New pick is SGEN...cancer drug co...looks to be breaking out this week. 

  • Like 1
Posted
  On 6/25/2020 at 2:30 PM, UT_OB1 said:

I meant to do it Monday and of course didn’t, but I just moved 1/3 of my 401K in to cash this morning. So I expect record gains over the next 4 weeks. You’re all welcome. 

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Well, maybe I should have moved 2/3s instead...  

Posted
  On 6/26/2020 at 12:10 AM, Harrison Stafford said:

Tell me you still have a healthy position in ALT.

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ALT is better than most stonks, because there are option - so rather than by a a couple of hundred shares you can take that same money and buy options on a few thousands shares. More risk, more reward (or complete loss - but we don't talk about that)

Posted
  On 6/26/2020 at 12:46 PM, SuperSport said:

Depends on your definition of healthy, but I've got couple Gs at an average cost of $6.75.  INO is 10x at six months...I'll take two of those, please.  kthx.

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Good on you for getting in INO sub $4. The opportunity to buy was there at $7.50, but I blinked and the price went to $14 in less than a week.  I'm in ALT at $3.35 with no plans to sell.  This ride has a l-o-n-g way to go.

Posted (edited)
  On 6/26/2020 at 6:20 PM, Wally Fairway said:

ALT is better than most stonks, because there are option - so rather than by a a couple of hundred shares you can take that same money and buy options on a few thousands shares. More risk, more reward (or complete loss - but we don't talk about that)

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It's accepted wisdom on Wall Street that 90% of investors lose money trading options.  Put me squarely in that 90%.  No mas.  There should be a National Helpline for people who trade options.  

Edited by Harrison Stafford
Posted
  On 6/26/2020 at 7:31 PM, Anastasis said:

Traded out of half of my SPY put position (sold the 305s, kept the 310s). I think we see pain carry into next week as some bad case numbers post over the weekend. 

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And then the Q2 numbers start rolling in Mid July. I added some SPY puts this week and doubled my Sept DIS puts that were way underwater to lower my cost average. Not balls deep yet, but my gambling account is definitely  shaded sort now. 

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Posted (edited)

Still a patient bear.  Fed BRRRRRRTTT feels like keeping a brain dead patient on life support.  Actually it feels like wheeling that patient out to the 50 yard line and throwing footballs at his head.  This is all fine guys!

Edited by ChiTownDoc
  • Like 1
Posted
  On 6/26/2020 at 10:08 PM, ChiTownDoc said:

Still a patient bear.  Fed BRRRRRRTTT feels like keeping a brain dead patient on life support.  Actually it feels like wheeling that patient out to the 50 yard line and throwing footballs at his head.  This is all fine guys!

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Am in only 4 stocks and they’re all CV plays.  When those fires raging in the distance are at the door and playtime is over, these stocks will thrive while everything else goes to hell.  Doc, would be interested in your take on AIM (ImmunoTech) should you have such a take.

Posted
  On 6/26/2020 at 11:17 PM, Harrison Stafford said:

Am in only 4 stocks and they’re all CV plays.  When those fires raging in the distance are at the door and playtime is over, these stocks will thrive while everything else goes to hell.  Doc, would be interested in your take on AIM (ImmunoTech) should you have such a take.

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It's a good play but I can't tell who the winners and losers will be in biopharm/biotech so I've just played the ETF - XBI...I got in around $80.  And I did XOM/CVX/OKE when they were beat up rather badly.  Did some gold and AMZN/FB/NFLX/HD/PYPL and still managed to stay 25% cash.  I have a lot of fixed income too that I didn't touch.  I obviously have no idea wtf is going on or I would have jumped in on everything a while back but I remain convinced a real pullback is coming.  If not, I have zero worries as our company is doing a PE rollup and I wouldn't feel comfortable not sitting in enough cash to do deals.  

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Posted
  On 6/29/2020 at 2:52 PM, Anastasis said:

States shutting back down, cases out of control, much uncertainty. To the moon of course. 

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MEWN IT...

I could use a better run for $WORK... I would have thought retracing some steps and WFH should be helpful.

Posted

For the life of me, I can't figure out what Facebook is doing.  I know it's basically a utility and not going anywhere but they're digging in to protect old people sharing conspiracy theories.  Advertisers don't give a fuck about that demographic unless it's Chuck Woolery selling them gold or some shit.

Posted
  On 6/29/2020 at 5:51 PM, Aqua Buddha said:

For the life of me, I can't figure out what Facebook is doing.  I know it's basically a utility and not going anywhere but they're digging in to protect old people sharing conspiracy theories.  Advertisers don't give a fuck about that demographic unless it's Chuck Woolery selling them gold or some shit.

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Facebook is riddled with conspiracy  posts and you're kidding yourself if you think its only old people spreading that shit around. You ever read the comments section on any yahoo article....yeah all of those loons spend all day on facebook as well. This country is full of fucking idiots, and facebook has grown its revenue significantly letting all these fucking idiots reinforce each others idiocy. And the thing is, they know exactly who is on their site, what content these people consume, who they interact with, and the revenue tied to every demographic on their site. If you are looking for reasons why Facebook does anything, it always comes down to revenue. Don't overthink things. 

  • Like 3
Posted
  On 6/29/2020 at 5:51 PM, Aqua Buddha said:
 Advertisers don't give a fuck about that demographic unless it's Chuck Woolery selling them gold or some shit.


Slight derail/

Is that really true on Facebook though? EVERYTHING worth a shit online is algorithm targeted in 2020.

I’ve never seen coke or Verizon ad on FB or Insta. Beer/booze ads, yes. Hunting and fishing ads, check. Clothing for my demographic of 30-40yo male (work/leisure/athletic/hunting and fishing), all fucking day. The only “missed” targeted ads I get are clearly intended for online shopping for my wife or kids which Facebook knows I have.

Coke and Verizon can run YouTube or prime time ads and hit their demo without missing a beat. Car antenna American flags, Ensure, and robot insurance want those targeted ads and will keep paying a premium for them, correct?
Posted
  On 6/29/2020 at 6:06 PM, Blotto said:
And the thing is, they know exactly who is on their site, what content these people consume, who they interact with, and the revenue tied to every demographic on their site. If you are looking for reasons why Facebook does anything, it always comes down to revenue. Don't overthink things. 


Bingo. Q, overt racists, and Chemtrail folks buy shit too.
Posted
  On 6/26/2020 at 6:20 PM, Wally Fairway said:

ALT is better than most stonks, because there are option - so rather than by a a couple of hundred shares you can take that same money and buy options on a few thousands shares. More risk, more reward (or complete loss - but we don't talk about that)

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ALT has been volatile since mid-May which makes it a stonk for options players. Today's share price ranged from 9.66 - 12.74...a 24% swing.  Get on the right side of the trade and you can bank some serious coin muy rapido.  Having said that, I made a vow of options abstinence after getting my ass handed to me repeated times.  A man's got to know his limitations.

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