Investing General Discussion
- Thread starter Furious
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Sanrith Descartes
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- 42,963
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Palum
what Suineg set it to
- 25,520
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Uh oh after they revise it down 100k it's going to be negative!
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Mist
Eeyore Enthusiast
- 30,833
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Big Phoenix
Pronouns: zie/zhem/zer
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Blazin
Creative Title
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Was hoping so.
Look at this fuckery on the 4hr chart of QQQ, right up and kissed it then strong rejection. now to set a new low. More blood please.
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Sanrith Descartes
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Rangoth
Blackwing Lair Raider
- 1,691
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We do seem stuck in the corridor.
I decided to roll my SPY puts to take some profit while we loiter in this range.
This allowed me to realize 40k in gains on the position and essentially re-enter it with a shorter window. Basically it's a safety against a pullback and move upwards. Which if it happens I will sell the new position at a minor loss or if we keep going down I would dump the new position once SPY hits the new resistance between 535-540. If SPY hits that level I will sell the new position from the roll at whatever profit it's gathered at that time.
I decided to roll my SPY puts to take some profit while we loiter in this range.
- Exited Nov 15 P @ 520
- Entered Oct 18 P @ 525
This allowed me to realize 40k in gains on the position and essentially re-enter it with a shorter window. Basically it's a safety against a pullback and move upwards. Which if it happens I will sell the new position at a minor loss or if we keep going down I would dump the new position once SPY hits the new resistance between 535-540. If SPY hits that level I will sell the new position from the roll at whatever profit it's gathered at that time.
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So read an article today.... Warren Buffet apparently just sold close to a billion worth of Bank of America stock, and is now sitting on around a quarter of a Trillion in cash.
Hurm... If only there was something we could interpret from this action.....
Hurm... If only there was something we could interpret from this action.....
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Blazin
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That the BRK model is broken at this size? He has been sitting on a large cash pile for years. Not to mention people really need to stop assuming every BRK trade has anything to do with Warren. He is less involved in their trades than he has ever been in our life times.
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Sanrith Descartes
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Blazin
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Yes, stock has done jack shit for 20 years, has been a disaster investment for BRK
Sanrith Descartes
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Sanrith Descartes
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Meaningless tidbit of info that may only interest me:
PLTR has a marketcap of just shy of $70B
PLTR has a marketcap of just shy of $70B
Blazin
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and less than $3B in annual sales, seems like quite the value trade lol
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