Hateyou
Not Great, Not Terrible
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When you state you can print infinite money it can!
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Investing General Discussion
- Thread starter Furious
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Shonuff
Mr. Poopybutthole
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If you can't pass on inflation to customers right now, you are going to go under.
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LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
Sanrith Descartes
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- 44,654
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Sanrith Descartes
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- 44,654
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Oh, I did too. But I got out on that short lived squeeze to $16. Most others were not so lucky.
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LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
My basis was something dumb like 5$. I didn't get out at the high, but I got out with a decent return.
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Rajaah
Honorable Member
- 12,544
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The other day I talked to this random guy in a line, and after a bit he started giving me the left-wing talking points. If nothing else it was interesting to hear them from a real person rather than a talking head on TV. Specifically that Florida and Texas opening ports wasn't actually going to help the supply chain and was just DeSantis and Abbott trying to take advantage of the situation.
I don't know too much about that, but it did tickle my pickle when I mentioned inflation and the guy SUPER confidently said "oh it'll be an issue for a year or so but everything'll be fine". So no matter how bad it gets, that's the talking point: "oh it'll be fine". I wonder how he'll shift the goalposts a year from now.
Borzak
Bronze Baron of the Realm
- 25,479
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Well one owner bought tits for the secretary and she didn't last long. Every person that came in the office hit on her and she ran off with one of them.
Sanrith Descartes
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SPIR lost 11 cents a share last quarter and is expected to report a loss of 9 cents this quarter (after the bell tonight). IV is 137 so options potential is tasty. The $7 puts in Dec are going for $2.10+ right now, so effective a $4.9 cost basis and the stock is at $5.37 right now. If it beats earnings it should run. I have the $7.5 puts expiring next Friday. Look at the Open Interest for the $7.5 calls expiring next week.
Borzak
Bronze Baron of the Realm
- 25,479
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Problem right now in my industry. Workers wanting an increase in pay like everyone else is bragging about now. They make an "above average" salary but...Company is paying increased/inflated price on the raw materials. The contracts are in such a manner the jobs take 1-2 years to finish. Very very hard to price in materials that are going up so fast, not to mention your income isn't coming in fast enough to adjust the pay. Not a fast enough turnover like retail, from the top down. The one good thing is turnover for workers is very very low and most places having a 30 year average retention age both office and shop.
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Mist
REEEEeyore
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Until we successfully re-shore American manufacturing, this is what we're forced to deal with. Expect 1-2 years of 6-8% inflation followed by 3-5 years of 3-5% inflation. COVID is just an accelerator of trends, and an accelerator of the Trump/anti-globalist economic plan. Remember that Trump and congressional Democrats were the ones against TPP, while Obama and the GOP globalists were for TPP. Inflation and taxation are the only two ways you can shrink the wealth of the already-rich. As long as wages rise as fast or faster than inflation, this is the plan working for the American worker. Trust the plan.
Obviously, scrutiny still needs to stay on the Fed. They need to be stopped from just printing money that goes directly into the hands of the rich. But some amount of short-term pain is necessary to force the re-shoring of the American economy. The plan to break dependence on Chinese manufacturing could take 20+ years.
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Mist
REEEEeyore
- 31,206
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LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
That might be what I just did.
I usually lose on options, so guessing that was a bad move
Sanrith Descartes
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If they hit on earnings tonight you could jackpot. Just be ready to close them out if it squeezes. This wont be AMC/GME levels of mooning if they hit. $15 - $19 most likely.
Sanrith Descartes
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Remember a few weeks ago when ABBV was left for dead by the side of the road?
30-day chart
30-day chart
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Rajaah
Honorable Member
- 12,544
- 16,572
That's what I've been looking for actually. Crypto is too volatile for swing trading to reliably work, for the most part.
Right now I'm in SHIB and the main question is what I want to get out at profit-wise. People say HODL but I don't understand that for something like SHIB/Doge with little inherent value that is more liable to occasionally spike and reset than to be a long-term gainer.
So my big issue currently is when to opt out. I don't care about staying in and getting 10x or whatever pipe dream people are on about, I care about getting out whenever the getting is good. Making a nice chunk of profit would be great, but it isn't required. I'm hoping it reaches 1.5x or 1.75x of what I put in and will probably sell then, regardless of how much higher it spikes. I did however get burned with selling MATIC and MANA at modest (5% and 1%) profits right before both of them went through the roof not too long ago.
Ideally SHIB spikes again before the end of the year and then maybe I can switch to Palantir swings for slow but steady progress. I just need to figure out the SHIB exit number. I'm pretty apprehensive about stocks in the current environment (half-expect everything to crash) but I don't think Palantir is going anywhere in this new era of surveillance.
Big Phoenix
Pronouns: zie/zhem/zer
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