Gravel
Mr. Poopybutthole
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Investing General Discussion
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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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Sanrith Descartes
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Our posture has always been "we dont use nukes unless nukes have been used already". But lets carry it over to /pol
Sanrith Descartes
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Looks like some peeps are very hopeful of AMZN beating earnings after the bell. -4% and falling.
Sanrith Descartes
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When you pay for overpriced TWTR with more overpriced TSLA. 4-d chess.
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Mist
REEEEeyore
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There's a shitton of debt involved in this deal, it's not just selling TSLA shares.
Blazin
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The 3month and 10yr treasury inverted (the only inversion that really matters in regards to pending recession). There has only been one false signal with this inversion half a century ago. Deepest part of recession averages about a year out from signal. Markets normally bottom well ahead of the economy I believe somewhere around 6 months on average. Because we have 2 qtr neg gdp some obvioulsy argue we are already in the recession, which makes the signal rather irrelevant. I think a more traditional labor recession is what is looming not what we have had so far with just coming off of 40yr high inflation.
These are important data points to remember in regards to this bear market being over vs more to go. The past is not prologue but it certainly helps tell us something about probabilities.
Lots of money can still be made on the long side during bear markets but it does require changes in behavior. We could rally for the entire rest of the year and it doesn't mean the bear market is over.
These are important data points to remember in regards to this bear market being over vs more to go. The past is not prologue but it certainly helps tell us something about probabilities.
Lots of money can still be made on the long side during bear markets but it does require changes in behavior. We could rally for the entire rest of the year and it doesn't mean the bear market is over.
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Sanrith Descartes
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SPIR 6-week chart. Since setting new low on 10/13 it has move upwards almost 40%. Earnings coming next week and they are getting very close to profitable. EPS and cashburn are the keys. Ironically my META position is now more underwater than my SPIR position.
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Sanrith Descartes
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Blazin
Jysin
I have an options question. When the bid/ask is 0.00 and 0.05 and you have to set your limit in 5 cent intervals, how do you set the orders? Market and try to get a split? Limit of 0.05 and see if a buyer comes up to 0.05? I see transactions of 2 and 3 cents so I assume those are market orders?
Sanrith Descartes
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Blazin
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Here are the official rules. https://www.sec.gov/rules/sro/nysearca/2020/34-88943-ex5.pdf
View attachment 440116
I believe they can only quote at those intervals but that doesn't mean an exchange won't permit an execution outside of them. So I don't know if certain exchanges would permit this where others won't. I don't believe you'll ever get a fill not on the increments but I don't use market orders on options so I could be wrong on that.
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Sanrith Descartes
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I have a chunk of SPIR, I might do 1 contract on market order just to see what happens (if anything).
Sanrith Descartes
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I think this is the answer but I am not sure I read it correctly. I think it says it converts a market to limit with a limit of 0.05. That make sense but then why I am seeing orders filled at 2 and 3 cents?
Blazin
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It could just come down to the market maker seeing your trade and being willing to take the fill in between.
The credit suisse stories are straight up criminal behavior. That was an orchestrated event by short sellers, and that idiot article you just linked saying, we caused a bank run therefor we were right, seem to be putting the cart before the horse. Zero Hedge is probably involved in the scam. Bank system is critical enough they really need to dig into it deep and start slapping some cuffs on people. None of that is to say that Credit Suisse is in good shape, in fact quite the opposite but that is why it was used as the target. A vulnerable financial company is ripe for manipulation to try to get it to topple.
These are the exact same people who pushed the MASSIVE CHINA DEFAULT bullshit previously that everyone is just quiet on now. Shouldn't we all be dead by now? You like to get my goat but I hate seeing that kind of bullshit posted here. /rant
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Sanrith Descartes
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What I took out of the article (and I am skilled at reading ZH-ese) is that they had units of CS that fell below liquidity regulations and the bank and the NYT were trying to brush it aside. I understand the bank doing it as they should be going to jail for the shit they pulled so they dont have a lot to lose lying about it. But, as in politics, we have what should be legitimate news orgs not actually doing news but being cheerleaders.
I follow ZH because when you weed out their bearshit, they quite often have real nuggets of info. Granted they spin them to promote an agenda, but fuck, name one org that doesnt these days.
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Sanrith Descartes
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So it took the market order and its just sitting unfilled. I guess it would take a non-retailer with the ability to take it at less than a 5 cent increment to fill.
Sanrith Descartes
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