Investing General Discussion

Sanrith Descartes · Apr 9, 2020

Punched out of SBUX. 27% profit in 3 weeks. Fucking millenials. God I love em.

Sanrith Descartes · Apr 9, 2020

Blazin said:
My brother manages a very large apartment complex ( a few thousand tenants) for April 59% of tenants paid their rent. They are expecting May to be worse. It's kind of hard to square with many of their tenants of the income range that should be receiving more income than before they lost their jobs. It might be that May and June won't be as bad as they are expecting. But with societal and political acceptance so high right now for people to not pay their rent or mortgage I'm eager to see how this plays over the next few months.

Its the number one reason I am bearish on RE

Furry · Apr 9, 2020

I don't think it's crazy to say the markets feel divorced from reality atm.

I mean we're up 10% this week on news that there's been only at least 12 million new unemployment claims in the past two weeks. No biggy.

OU Ariakas · Apr 9, 2020

Furry said:
I don't think it's crazy to say the markets feel divorced from reality atm.

I mean we're up 10% this week on news that there's been only at least 12 million new unemployment claims in the past two weeks. No biggy.

Blazin has told you about 10 times that the predictions baked into the downturns were worse than what we are seeing, hence the gains. You have been shitting up 3 threads for a month now and it might be time for you to take a few days of vacation. Shit.

Furry · Apr 9, 2020

OU Ariakas said:
Blazin has told you about 10 times that the predictions baked into the downturns were worse than what we are seeing, hence the gains. You have been shitting up 3 threads for a month now and it might be time for you to take a few days of vacation. Shit.

Total fabrication of history. I said the downturns were worse than expected myself. If blazin said that to me, I would have agreed.

There's no doubt plenty of bad has been priced in already, but the way the markets seem to be flinching a lot less at bad news is certainly a change from how they were and typically are.

Locnar · Apr 9, 2020

Its tempting but I can't bring myself to sell off anything and take some profits. If you are bought in near the 52 week lows, why sell until at least you get to the half way point?

taebin · Apr 9, 2020

RCL, DAL and BA this morning. Just exited.

Sanrith Descartes · Apr 9, 2020

Sanrith Descartes · Apr 9, 2020

Locnar said:
Its tempting but I can't bring myself to sell off anything and take some profits. If you are bought in near the 52 week lows, why sell until at least you get to the half way point?

Pigs get fat. Hogs get slaughtered.

Furry · Apr 9, 2020

Sanrith Descartes said:

That's not nearly enough, not even close. Are russian and the US in on that?

WinterMutation · Apr 9, 2020

Sanrith Descartes said:
Did AOC write than for you? Or was it Elizabeth Warren?

Sure, propping up an entire market of shitty CEOs and boards with our money is awesome and no one should say anything.

Sanrith Descartes · Apr 9, 2020

Furry said:
That's not nearly enough, not even close. Are russian and the US in on that?

Russia is. Iran, Venezuela and someone else minor are excluded. US not a member of OPEC.

Sanrith Descartes · Apr 9, 2020

WinterMutation said:
Sure, propping up an entire market of shitty CEOs and boards with our money is awesome and no one should say anything.

Please take your alt self back to the politics thread where your diatribes are more suited.

Furry · Apr 9, 2020

Sanrith Descartes said:
Russia is. Iran, Venezuela and someone else minor are excluded. US not a member of OPEC.

Russia isn't really in OPEC, though they are involved with them. Looks like most people have agree to ~20% cuts, even US. Big problem here is most companies are on board, but a couple are resisting.

It'll probably not be enough to substantially raise crude prices in the short term. There's still a massive glut, and a 20% drop still means there's an oversupply with current demands.

Indyocracy · Apr 9, 2020

Bobalicios said:
Spy put for 279 expiring today, let's see those job numbers, who wants to hold over a holiday weekend right?

update sold 1 contract at a profit and bought 5 more when it went back above 279 working from home is the best

Well, sold at a minor gain when it dipped, this felt awful no more competing with the algorithms for me lol

Sanrith Descartes · Apr 9, 2020

Furry said:
Russia isn't really in OPEC, though they are involved with them. Looks like most people have agree to ~20% cuts, even US. Big problem here is most companies are on board, but a couple are resisting.

It'll probably not be enough to substantially raise crude prices in the short term. There's still a massive glut, and a 20% drop still means there's an oversupply with current demands.

They call it OPEC plus or some shit.

Sanrith Descartes · Apr 9, 2020

Bobalicios said:
Well, sold at a minor gain when it dipped, this felt awful no more competing with the algorithms for me lol

Competing against the algos is like playing chicken with a freight train. The train always wins.

Pops · Apr 9, 2020

Furry said:
Total fabrication of history. I said the downturns were worse than expected myself. If blazin said that to me, I would have agreed.

There's no doubt plenty of bad has been priced in already, but the way the markets seem to be flinching a lot less at bad news is certainly a change from how they were and typically are.

Go check your early post about the millions of deaths. I replied to you "millions of Americans aren't going to die."

Pops · Apr 9, 2020

The two happiest days of an investor's life are the day he buys a stock, and the day he sells it.

Gravel · Apr 9, 2020

Blazin said:
My brother manages a very large apartment complex ( a few thousand tenants) for April 59% of tenants paid their rent. They are expecting May to be worse. It's kind of hard to square with many of their tenants of the income range that should be receiving more income than before they lost their jobs. It might be that May and June won't be as bad as they are expecting. But with societal and political acceptance so high right now for people to not pay their rent or mortgage I'm eager to see how this plays over the next few months.

So my question is, are they just going to eat that? Or are they expecting these people to pay several missed months? Because that seems unlikely.

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