Investing General Discussion

Moglyzoke Moogleman · Nov 30, 2021

Zero cash balance, and on days like today all my garbage holds up just as red as usual!

(Solidarity with the other non geniuses in here.)

Blazin · Nov 30, 2021

My sold SPY puts expiring yesterday worthless could not have been better timing. Resold them today friday expire, not going far out right now as I'd like to come out of this period owning shares again. This is the SPY position I sold at $470. Third flip of puts since I sold the position.

Blazin · Nov 30, 2021

Bought more DKNG at $34, still a small position for me, avg price $36.50

Sanrith Descartes · Nov 30, 2021

Khane said:
My parents opened a UGMA for me years ago with Prudential that they forgot to tell me about until a few months ago. Dealing with Prudential to try to get it moved into solely my name and get online access to it has been a nightmare.

After months of back and forth to actually get my parents names off of it, which can only be done via paper and mail, I now cannot get online access because their system is too stupid to understand that I used to have an employer 401k with them some ~10 years ago and will not let my SS# be tied to anything other than the now defunct 401k which was transferred long, long ago to my Vanguard account. And every time I call them they assure me its fixed and... it isn't.

As soon as this is sorted out I can't move my money somewhere else fast enough.

My wife had the exact same issue with Fidelity. She had a closed 401k with NetBenefits and it locked up her SSN. Its a known issue and Fidelity (and others I guess) refuse to fix. I just told them to piss off and opened her SEP with TD.

LachiusTZ · Nov 30, 2021

Sanrith Descartes said:
Yes. You sell puts when you think a stock will move sideways or up. However, when you sell puts in an inverse instrument, you are expecting the price to go sideways or drop. When the S$P goes down (like today), the inverse instrument goes up in value thus moving further away from your strike. This decreases the likelihood of the strike being hit so the value of your position (based on the cost to buy and close decreasing) goes up.

I think it's just from people piling into that position, SPXU spikes up which means it's about to start it's getting back down, everyone wants to buy puts for when it falls.

Not a lot of selling, price pressure makes it go green.

Otherwise I'm completely fucking lost.

Sanrith Descartes · Nov 30, 2021

Keep an eye on URI. It is getting close to 20% below its 52 high. Largest Heavy Equipment Rental company in the US/World. With Infrastructure bill passed they are primed for solid growth. They currently have EPS above $16

I like it around the $320 - $300 zone if it drops that far in the next couple of weeks.

Sanrith Descartes · Nov 30, 2021

Blazin I hold you personally responsible for making me buy this VZ piece of crap. I want to speak to your manager.

Sanrith Descartes · Nov 30, 2021

Lightning Lord Rule said:
I don't feel like doing what Sanrith is doing with moves like adding to BA and WYNN at a lower price than what I got in at (220 and 87, respectively).

And BA now green on the big reversal.

Sanrith Descartes · Nov 30, 2021

Jysin · Nov 30, 2021

^ Came here to post that ^

8.5B currently.

Fogel · Nov 30, 2021

Sanrith Descartes said:
Blazin I hold you personally responsible for making me buy this VZ piece of crap. I want to speak to your manager.

He's done good by me, you just need to sample his whole product line

Lightning Lord Rule · Nov 30, 2021

Sanrith Descartes said:
And BA now green on the big reversal.

??? Shows as -.35% for me. Better than it was, but still.

Only really bluechip non annoying stock I have is STAG. Holding steady since I got it and slightly increasing.
Watching everything else I'm like:

Sanrith Descartes · Nov 30, 2021

AAPL +3%

Sanrith Descartes · Nov 30, 2021

Lightning Lord Rule said:
??? Shows as -.35% for me. Better than it was, but still.

Only really bluechip non annoying stock I have is STAG. Holding steady since I got it and slightly increasing.
Watching everything else I'm like:
View attachment 385233

It dipped back red at the end. it touched green for a bit. Best thing to do is look for blue chip bargains when sellers are dumping everything with the bathwater.

Sanrith Descartes · Nov 30, 2021

CRM

Sanrith Descartes · Nov 30, 2021

Tmac · Nov 30, 2021

Big Phoenix said:
also Cramer;

Cramer going full CNBC. Shocker.

TheBeagle · Nov 30, 2021

Sanrith Descartes said:
This brings up a good question. What portion of everyone's portfolio is sitting in cash right now? We know Big P is at 100%. I am right around 10%.

I'm about 20% cash and didn't buy anything today. Will start buying if we get another pullback tmrw. Most of the cash is from recent crypto stocks swing trading after the most recent run up.

Blazin · Nov 30, 2021

Sanrith Descartes said:
Blazin I hold you personally responsible for making me buy this VZ piece of crap. I want to speak to your manager.

Maybe but I didn't have any part in T. VZ has been a real kick to the nuts

Mist · Nov 30, 2021

Blazin said:
Maybe but I didn't have any part in T. VZ has been a real kick to the nuts

Yeah I have a long position in FCOM and some in VZ directly but it's... not looking like a good choice lol.

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