Investing General Discussion

  • 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

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,653
1727964454924.png
 
  • 1Worf
Reactions: 1 user
Lambourne

Lambourne

Ahn'Qiraj Raider
2,900
6,918
I bought the dip in August but it keeps on dipping. Bought more today since it hit a 2 year low. I am either very smart or very dumb.

1727967830430.png
 
C

Creslin

Trakanon Raider
2,505
1,151
Lambourne said:
I bought the dip in August but it keeps on dipping. Bought more today since it hit a 2 year low. I am either very smart or very dumb.

View attachment 550170
Click to expand...
The PE definitely looks like value but man the earnings decline looks like catching a falling knife. I hate car companies though, even TSLA. Shit industry with loads of foreign subsidized competition risks and massive capital costs. Almost as bad as airlines.
 
Last edited:
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,653
Creslin said:
I hate car companies though, even TSLA. Shit industry with loads of foreign subsidized competition risks and massive capital costs. Almost as bad as airlines.
Click to expand...
As a former owner of GM and F (and current owner of TSLA), I second this. Low margin businesses suck balls.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,653
Dumped out of OXY. Its right under the 50-DMA resistance and if this Israel hitting Iran's oil infrastructure doesn't happen I could see the last 4 days of gains evaporate. I cut out just about at breakeven. A failed experiment.
 
  • 2Paper Hands
Reactions: 1 users
Jysin

Jysin

Ahn'Qiraj Raider
6,490
4,502
Sanrith Descartes said:
Dumped out of OXY. Its right under the 50-DMA resistance and if this Israel hitting Iran's oil infrastructure doesn't happen I could see the last 4 days of gains evaporate. I cut out just about at breakeven. A failed experiment.
Click to expand...
Disappointed Buffett
1728018485673.jpeg
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,653
Blazin said:
I'm rooting for it to sell for value of 100 years of current sales. Not too far away now.
Click to expand...
But the dollar has depreciated so much in the last 4 years that it translates to a PE of 9 in 2024 dollars.

edit: wrote the Dec $50 strike calls on my shares for $1.10 premium
 
Last edited:
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,653
Someone (maybe someones) grabbed about 1500 contracts on ALB this morning at the $110 strike in Dec. Earnings is in Nov. That is a $975,000 bet on a slow moving, not exciting stock looking for a 10% move upwards when it has been tanking hard for about 3 months. I think someone knows what their earnings report is gonna look like.

edit: looking deeper, its a bull call spread. Same expiry, different strikes. They sell one call and buy the other.

1728051596875.png


1728051965486.png
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
10,026
17,087
Sanrith Descartes said:
Someone (maybe someones) grabbed about 1500 contracts on ALB this morning at the $110 strike in Dec. Earnings is in Nov. That is a $975,000 bet on a slow moving, not exciting stock looking for a 10% move upwards when it has been tanking hard for about 3 months. I think someone knows what their earnings report is gonna look like.

edit: looking deeper, its a bull call spread. Same expiry, different strikes. They sell one call and buy the other.

View attachment 550409

View attachment 550410
Click to expand...

Time to double down?
 
You must log in or register to reply here.