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Burnem Wizfyre

Burnem Wizfyre

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Sanrith Descartes said:
I sold my day 1 shares in the mid 50s so my advice is worthless.
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Set it to $82, was thinking if it hit $82 that would be $2400 on a 10k investment and nearly 25%, set it to sell at $82 and it closed. It’s now under $80 and I’m pretty happy, until it climbs to $300 next week for no real reason.
 
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Sanrith Descartes

Sanrith Descartes

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So difficult to pull the trigger on any trades right now with about half of the S&P 500 market cap reporting earnings in the next 7-10 days.
 
T

Tirant

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Same. All I did this week was sell some covered calls on my IWM position on Wednesday and then closed them today for a 40% gain. $400 dollar gain on an 65k position hardly feels worth it but better than nothing /shrug
 
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Mist

Mist

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Kiroy said:
ya they do, this is silly
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home depot didn't have a well cap, well pump parts, boiler parts, a whole bunch of shit i've needed. their selection of toilet internals in-store is (pun intended) shit
 
Rangoth

Rangoth

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I put an all option bet for SOFI. I actually really like that company and what they are trying to do. I’m very long on them over the next 3-5 years. 31.I‘lol let you know how my stupid bet pans out
 
Sanrith Descartes

Sanrith Descartes

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Rangoth said:
I put an all option bet for SOFI. I actually really like that company and what they are trying to do. I’m very long on them over the next 3-5 years. 31.I‘lol let you know how my stupid bet pans out
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What were the specs on the options play?
 
Rangoth

Rangoth

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200 calls @ 18 strike for feb 21st at 1.74 per call

it is a 100% speculative earnings play. I have no facts to back up my play. It is just my hypothesis based on recent SoFi financials and activity. I am betting they are going to beat earnings.

i did buy it a bit out so there is a chance I could recover unless it is such a large miss that they nose dive. Earnings are Monday Pre market.

i do also own shares but that’s not part of my earnings play. As I said I do genuinely like this company and what they are shooting for. I will be watching them closely over the next 2-3 years and increasing my position as indicators shift in that direction
 
Sanrith Descartes

Sanrith Descartes

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Rangoth said:
200 calls @ 18 strike for feb 21st at 1.74 per call

it is a 100% speculative earnings play. I have no facts to back up my play. It is just my hypothesis based on recent SoFi financials and activity. I am betting they are going to beat earnings.

i did buy it a bit out so there is a chance I could recover unless it is such a large miss that they nose dive. Earnings are Monday Pre market.

i do also own shares but that’s not part of my earnings play. As I said I do genuinely like this company and what they are shooting for. I will be watching them closely over the next 2-3 years and increasing my position as indicators shift in that direction
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200 call contracts at 100 shares per so 20,000 shares at $1.74 premium. So you bet $34,800 on an earnings play?

Maribeth Monroe Douglas GIF by CBS
 
Rangoth

Rangoth

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Sanrith Descartes said:
200 call contracts at 100 shares per so 20,000 shares at $1.74 premium. So you bet $34,800 on an earnings play?

Maribeth Monroe Douglas GIF by CBS
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I did lol. but as I said I bought it a month past earnings and basically at strike so a 2.00 move in that month would break me even at least.

ive said it before in This thread but I have my safe money and my play money and with my play money I play hard. I take pretty big risks obvi for the hope of pretty big rewards. When I lose I eat it like a man and when I win, it’s not an exact formula, but I generally take half-ish and put it into the low risk(SPY) stuff and be happy I won, then regamble the other half.

so I’m sure the question comes up of what happens if I lose 4-5 in a row and have no more fun money. The answer is either leftover from my 9-5 paychecks or the dividends of my regular plays.
 
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Sanrith Descartes

Sanrith Descartes

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Rangoth said:
I did lol. but as I said I bought it a month past earnings and basically at strike so a 2.00 move in that month would break me even at least.

ive said it before in This thread but I have my safe money and my play money and with my play money I play hard. I take pretty big risks obvi for the hope of pretty big rewards. When I lose I eat it like a man and when I win, it’s not an exact formula, but I generally take half-ish and put it into the low risk(SPY) stuff and be happy I won, then regamble the other half.

so I’m sure the question comes up of what happens if I lose 4-5 in a row and have no more fun money. The answer is either leftover from my 9-5 paychecks or the dividends of my
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Im rooting for you.
 
tugofpeace

tugofpeace

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SOFI stock is cursed. I used to hold that ticker and I notice that every time they announce good earnings, there's something else (bad) going on the market that fades their good earnings into nothing. You might make good money on those calls if you sell quickly, but I wouldn't hold onto them
 
Blazin

Blazin

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Mist said:
Yes but they still built it and run it on Nvidia chips so idk why NVDA is in trouble.
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because they used dusty 1080ti's and an intern paid in mountain dew, at least that's what I gathered from X


I closed my largish S&P position ($600k) btw, think I posted was considering it but not when I actually did it. Sitting on mostly cash here to end the month.
 
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Haus

Haus

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Mist said:
Yes but they still built it and run it on Nvidia chips so idk why NVDA is in trouble.
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It's because, and this is pending people really validating it, they're getting top tier AI performance for something like 5% the GPU cycle cost. Meaning that "endless demand" for GPUs could get seriously stunted if people have figured out how to do it much lighter.

And they published the whole thing as FOSS under the MIT license, so anybody can download their shit and test it out. Apparently there's a build that you can pull to a system and run on a PC with a single modern GPU.

If this pans out and isn't "Chinesium" it will seriously alter the demand profile for Nvidia's chips.
 
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Mist

Mist

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Haus said:
It's because, and this is pending people really validating it, they're getting top tier AI performance for something like 5% the GPU cycle cost. Meaning that "endless demand" for GPUs could get seriously stunted if people have figured out how to do it much lighter.

And they published the whole thing as FOSS under the MIT license, so anybody can download their shit and test it out. Apparently there's a build that you can pull to a system and run on a PC with a single modern GPU.

If this pans out and isn't "Chinesium" it will seriously alter the demand profile for Nvidia's chips.
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Inference was already going the route of ASICs anyway. (ASICs have to be built specific to the model.)

If people want to train big models, they still need Nvidia GPUs. Period.

The only reason it was this cheap to build is because they used other LLMs to do their reinforcement learning for them.

If someone wants to make a smarter model, they still need a lot of GPUs.

And yes, I have the 14B distill running locally. It's not that great. Obviously the full-size model is much better.

Also, this is just LLMs. If you want to build a video model, you definitely need lots of GPUs or TPUs or whatever.

Video models are likely to make the most money and have the biggest moat, and GOOG's Veo is going to slaughter everyone because they have access to the most training data by a huge margin, with tons of compute to back it up.
 
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