Markets still falling like whoa

[52-80 19,379]

Overall good week or 2, but i did burn a lot of cash in hedges and got AMD shares called away at 85 and 87 strike

[bernorange 8,385]

2 hours ago, TonyTexas said:

You conveniently left off the to the benefit of consumers part. 

Benefit of consumers?  What are you buying that's cheap?

[Wally Fairway 5,664]

I'm calling today's market reaction the opposite of a dead cat bounce; (no CR) it is the alive Pelosi bounce. The Chinese didn't start an invasion or kill the Speaker of the house, so the bounce is a reversal of yesterdays drop that happened when she landed in Taiwan. 
Note for the future - the Chinese have a long memory and play things out over decades or centuries.....this isn't over, yet.

[Cheeseweasel 26,439]

24 minutes ago, Wally Fairway said:

Note for the future - the Chinese have a long memory and play things out over decades or centuries.....this isn't over, yet.

You know why China will never go to war with us? You don't rob your own bank.

[StruggleBus 3,922]

49 minutes ago, Cheeseweasel said:

You know why China will never go to war with us? You don't rob your own bank.

[washparkhorn 9,967]

Beware the bear market rally(?).

[Cheeseweasel 26,439]

5 minutes ago, washparkhorn said:

Beware the bear market rally(?).

[Fudge Nuggets 19,407]

On 7/29/2022 at 3:30 PM, Cheeseweasel said:

Growth at the expense of small business. Yeah Penis Rockets!!!

It’s been the American way for at least 30 years now.  

On 7/29/2022 at 6:03 PM, bernorange said:

Benefit of consumers?  What are you buying that's cheap?

Stocks. 

[Guest]

Whether bear market rally or bottom is in, either way, I really enjoy a portfolio going up. 

[Parliament 14,560]

On 9/6/2020 at 11:12 PM, Mack Tripper said:

We all got Softbanked

Twenty three BILLION dollars.

 

https://apnews.com/article/inflation-technology-japan-earnings-00cd3c5a11f1ecf744dc88d24d072689?utm_source=join1440&utm_medium=email

Edited August 9, 2022 by Parliament

[LTtxfan 49,911]

On 8/3/2022 at 7:31 AM, Wally Fairway said:

I'm calling today's market reaction the opposite of a dead cat bounce; (no CR) it is the alive Pelosi bounce. The Chinese didn't start an invasion or kill the Speaker of the house, so the bounce is a reversal of yesterdays drop that happened when she landed in Taiwan. 
Note for the future - the Chinese have a long memory and play things out over decades or centuries.....this isn't over, yet.

If this is alive, might be better to be dead ? 😋 

[Cheeseweasel 26,439]

1 hour ago, Parliament said:

Twenty three BILLION dollars.

Must have been a hell of a party.

[Parliament 14,560]

Not at the level of a Surly Tailgate, but yeah.

[babysdaddy 2,731]

5 hours ago, Parliament said:

Twenty three BILLION dollars.

 

https://apnews.com/article/inflation-technology-japan-earnings-00cd3c5a11f1ecf744dc88d24d072689?utm_source=join1440&utm_medium=email

[TonyTexas 10,683]

I don’t know why any institution would invest with SoftBank. This isn’t their 1st 11-figure quarterly loss. They’ve had some spectacular fails. (WeWork)

Edited August 9, 2022 by TonyTexas

[Incredulity 11,861]

https://www.washingtonpost.com/business/sequoia-and-tiger-global-take-softbank-to-the-cleaners/2022/07/06/2e911a44-fd28-11ec-b39d-71309168014b_story.html

 

If the fiascoes at WeWork Inc. and Greensill Bank AG were not enough, Klarna Bank AB should serve as another fine reminder that SoftBank Group Corp. is the unluckiest whale in a crowded venture capital world. Founder Masayoshi Son somehow always manages to hold the worst cards.

 

"Capital as a weapon"

What a douchebag.

[52-80 19,379]

1 hour ago, babysdaddy said:

Softbank always have the best presentations in business

Heres masason comparing himself to one of the legendary japanese emperors

[MAUFRAIS 6,732]

Here’s to the crazy ones.

[tbone_ 14,412]

I don’t know why any institution would invest with SoftBank. This isn’t their 1st 11-figure quarterly loss. They’ve had some spectacular fails. (WeWork)

And Katera

[TonyTexas 10,683]

7 minutes ago, tbone_ said:

And Katera

Their Uber and Alibaba investments have lost them billions as well

[Storm the Field 5,360]

[washparkhorn 9,967]

The Fed put and has become the Fed call?

 

[52-80 19,379]

3 hours ago, washparkhorn said:

The Fed put and has become the Fed call?

 

I picture the governors and presidents looking at eachother like this

[Storm the Field 5,360]

Not a bad week:

DJIA: Up 755 points, 2.23%

S&P: Up 53 points, 1.24%

NASDAQ: Up 181 point, 1.39%

All 3 major indices at 3 1/2 month highs.

[Wally Fairway 5,664]

I'm not saying dead cat bounce, but people are saying

 

[Lobwedgephil 1,146]

With September and October coming, seems very likely this is typical bear market rally. Selling probably starts earlier though, soon. 

[Hefeweizen 5,416]

5 minutes ago, Lobwedgephil said:

With September and October coming, seems very likely this is typical bear market rally. Selling probably starts earlier though, soon. 

I agree.  This rally doesn’t feel like it’s the last leg.

[ChiTownDoc 21,325]

Agree on bear market rally but still think we have seen the lows or pretty damn close.  Fundamentals in 2008 were a fuckload worse. 

[Wally Fairway 5,664]

How to get a free pseudo-bloomberg machine 

 

[washparkhorn 9,967]

China has the flu. More supply chain trouble ahead. 

[52-80 19,379]

2 hours ago, washparkhorn said:

China has the flu. More supply chain trouble ahead. 

But China is thankful to have received 5 doses of Tamiflu boosted with Paracetamol and is recovering, or else it would have been worse

[Fudge Nuggets 19,407]

On 8/15/2022 at 5:32 AM, Wally Fairway said:

How to get a free pseudo-bloomberg machine 

 

Looks scammy as fuck when you try to install it.

[Guest]

Saw that Michael Burry dumped his holdings. 

[Trey3216 15,450]

45 minutes ago, FirstTimeCaller said:

Saw that Michael Burry dumped his holdings. 

[Hefeweizen 5,416]

53 minutes ago, FirstTimeCaller said:

Saw that Michael Burry dumped his holdings. 

Except GEO which is prison stock.  Very interesting.

[Cheeseweasel 26,439]

5 hours ago, Fudge Nuggets said:

Looks scammy as fuck when you try to install it.

Congrats on your aids. 

[52-80 19,379]

1 hour ago, FirstTimeCaller said:

Saw that Michael Burry dumped his holdings. 

he's dumped his holdings so often, he's pretty much turboshort

[Captainant 28,391]

2 hours ago, Hefeweizen said:

Except GEO which is prison stock.  Very interesting.

slave labor - still profitable!

[Storm the Field 5,360]

DJIA has fallen like whoa all the way back above 34,000.

[Cheeseweasel 26,439]

29 minutes ago, Captainant said:

slave labor - still profitable!

[Wally Fairway 5,664]

19 minutes ago, Cheeseweasel said:

[WBT 20,884]

19 hours ago, Storm the Field said:

DJIA has fallen like whoa all the way back above 34,000.

[BehoId, The Underminer! 11,669]

 

this book has cursed us since we were all rooting for McGwire and Sosa. 

[Cheeseweasel 26,439]

21 hours ago, Storm the Field said:

DJIA has fallen like whoa all the way back above 34,000.

[Humble Beast 258]

Damn

 

 

[UTGrad98 2,331]

What a rags to riches story that is.  

[Parliament 14,560]

I'm more interested in learning how he came up with the $27.5MM for the original investment, and how I can do the same.

[Captainant 28,391]

I'm sure he just received a small loan from his father, go do that. Duh. 

[Blotto 23,974]

Rookie should have plowed that $27 million into calls....$20 8/19 calls were around 30 cents early last week (currently over $5). I know that because about 75% of the posts on WSB were stupid shit about BBBY, so I considered dropping $500 on those very same options. But, I'm a savvy investor who told myself there's no way those morons can pull that shit off again, so I wisely abstained. 

[StruggleBus 3,922]

I would have invested that 27 million in emu farms