Investing General Discussion
- Thread starter Furious
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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!
Sanrith Descartes
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IDK. Its a site I have seen before. it says 15000 shares are available now. All others shorted.
Sanrith Descartes
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This is probably nothing, but I use Chase for two of my companies. Both companies this week deposited checks and out of nowhere they got max holds put on the funds. Both companies have outstanding financials and credit worthiness with the bank. Both got the full 7 business day hold. This isn't normal. Oh, and normally I get a rep on the phne in a minute or two. Today the wait is 1 hour and 50 minutes.
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Mist
REEEEeyore
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I can exit my Intel position at +16% right now, what're your thoughts on that? It did not hit its resistance.
Jysin
Ahn'Qiraj Raider
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My advice on this stuff (if youre trading, not investing) is to set yourself a profit target, but scale profits along the way. If you hold the whole balance, you may never see the full move only for it to reverse on you. Nothing wrong with taking some off the table while you wait for the resolution higher.
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Sanrith Descartes
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INTC reports earnings on the 19th (6 days). it has "historically" dropped like a rock at earnings the last 6 or 8 quarters. For non buy/hold forever types I would dump it and see if patterns hold. If they do you can just buy back in lower. If it doesnt for some reason, then you can just wait for a re-entry point.
Zzen
Potato del Grande
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MTTR is fully shorted now. No shares available. Of course that wont stop those who naked short.
Shortable Stocks
Available borrow, fee, and rebate rates for all US-listed stocks. Updated every 15 minutes during market hours.www.shortablestocks.com
Welp, I’m an idiot. Back to VTI and chill for me.
Take care brothers.
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Sanrith Descartes
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Sanrith Descartes
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Turns out I forgot I swapped clients in Jan so my last check deposit was from a new company and they flagged it for a hold. The rep actually laughed when I asked if Chase had a liquidity issue and said I hope not, I need my paycheck.
So as I predicted, probably nothing.
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Shonuff
Mr. Poopybutthole
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Below is what you said on 12/12. JETS went up almost 13% since then, and I bought more reopening plays since then. I'm good. I bought oil, banks, loaded up on MA, BKNG, etc on the dip. Look at the rebound on all of those into 12/12. You shorted into max fear, I told you I'd take the opposite of the trade, and here we are. The writing on the wall, as you put it, was that omicron wasn't going to be shit.
There never was an impending travel cliff. No one stopped traveling. Been to an airport lately? Delta had a double beat for a reason today.
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Sanrith Descartes
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I agree with part of the rationalizing you are using. Here is where we diverge. Travel companies cannot physically replace the lost revenue of the last two years and the debt they took on to replace it. Fuel costs are also fucking them and the current administration is very anti-US oil independence. I'm not saying they are going to zero, but my contention is I can find better alpha elsewhere than in travel/reopen plays. It's why I am also planning a WYNN exit depending on the charts.
swayze22
Elite
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What? I don't know when you made your trades but ALL travel-related stocks took a huge shit since beginning of November when you said you just went all in, which is what he is referencing. You'd either be down or at best even across the board with only the past few days helping you. even the casinos. and JETS.
Nothing reopening related is at or above early November levels. so basically any other time between then and now would have been preferable.
but maybe im an NPC tard that can't read words or numbers
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Shonuff
Mr. Poopybutthole
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I added mid and the end of December. Look at the charts on BKNG, XLI, XLF, banks and other travel plays since then. Right when South Africa omicron cases were starting to show a decline in waste.
Its just overblown. The WHO reported yesterday that of the 38 countries reporting omicron data, there has been ONE death.
Shonuff
Mr. Poopybutthole
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And fuel is a concern, for sure. Which is why I bought more Chevron and XLI.
Jysin
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Shonuff
The first part of being a better trader is critically looking back at your trades. Revise your trade if the thesis changes. No matter what travel play you were in, you took a massive drawdown. I sent you a message on November 6th about this. Attached are two charts where I basically called the absolute top before the bottom fell out on new variant doom and gloom. The circles on the charts are the date I sent you the PM on the 6th of November.JETS fell -22% and NCLH a monster -40%.
Honestly take a look and think critically about that trade.
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Shonuff
Mr. Poopybutthole
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My thesis didn't change, the rest of the world freaked out over a virus that millions of people got, and one death occurred. That's why you are seeing traders falling over themselves to recommend travel plays for 2022. How many upgrades and notes from brokerage houses have you seen issued?
What happened in South Africa is what I thought would happen, based on the data. We were getting data all along saying this would happen. Not my fault the market ignored it. Meanwhile TSA counts were only lower from supply of workers, demand was fine.
Look how fast the counts dropped.
What happened in South Africa is what I thought would happen, based on the data. We were getting data all along saying this would happen. Not my fault the market ignored it. Meanwhile TSA counts were only lower from supply of workers, demand was fine.
Look how fast the counts dropped.
Jysin
Ahn'Qiraj Raider
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The point was, I didn't need to eat a massive drawdown on the start of the mess from early November. I cut my winners, shorted a little bit, and finally re-bought once we started putting in lows and news got better. My NCLH calls have given me 18% realized gains YTD in my IRA while only utilizing a fraction of cash buying power. Had I been balls in from early Nov, I would still be deep red.
Shonuff
Mr. Poopybutthole
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Yes, and how did your 12-12 trade go? The one where you placed bets on it all going down, and then they went up 13%?
At some point, there is max fear. You can't keep going with the masses forever.
If the rest of the market wants to be insane and miss it, be my guest. They are buying back in, and these aren't my only trades. I'll wait. Just now, people are starting to suss that omicron wasn't shit. We knew that in November. Gottlieb was releasing data back then hinting it wouldn't be shit.