Sanrith Descartes
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Investing General Discussion
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Shonuff
Mr. Poopybutthole
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Blazin
Creative Title
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I have Spy quarterly puts expiring today $430 strike, if we dip at close will have to decide if I want the shares. Was paid almost $3 for them, I may just sell some weeklies that expire next friday in the low 420s. Usually hold off on expiration day to make a choice in the last part of the day when premium is pretty much completely sucked out of them.
Also have a couple IWM $220 puts expiring today trading even closer to the strike
Also have a couple IWM $220 puts expiring today trading even closer to the strike
Big Phoenix
Pronouns: zie/zhem/zer
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Tmac
Adventurer
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Jysin
Ahn'Qiraj Raider
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Palantir could lose a lucrative contract for ICE's tool that targets unauthorized workers, according to a government document
Palantir has sold its data-mining and analytics tool FALCON to ICE since 2013, but ICE might eventually replace it with a new system called RAVEn.
www.businessinsider.com
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I'm seeing quite a few FUD articles lately about the market is about to take a massive shit. Not a huge imminent crash day, but a stairstep down for 2 months.
Do we think it's the usual bear porn or are long term market signs agreeing with that sort of thinking?
Do we think it's the usual bear porn or are long term market signs agreeing with that sort of thinking?
Big Phoenix
Pronouns: zie/zhem/zer
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Powers that be seem to be getting their fall ducks in order, see Pocahontas blaming Jpowell for the current time bomb.
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Zog
Blackwing Lair Raider
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Supply chain break down with inflation is pretty much fucking any company with razor thin profit margins.
Walmart is a good example of a company thats basically as good as it gets as far as pricing power, people will buy their shit regardless but companies like Bed bath and beyond? Nobody has to buy their shit and wont buy their shit with huge mark ups with their inventory relied upon by chinese textiles.
WMT:
BBBY:
It does appear things are worse than the market thinks they are. Based on the huge reaction to earnings.
Walmart is a good example of a company thats basically as good as it gets as far as pricing power, people will buy their shit regardless but companies like Bed bath and beyond? Nobody has to buy their shit and wont buy their shit with huge mark ups with their inventory relied upon by chinese textiles.
WMT:
BBBY:
It does appear things are worse than the market thinks they are. Based on the huge reaction to earnings.
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Jysin
Ahn'Qiraj Raider
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There is a definite change what is happening the last couple weeks. The dips buyers are coming in, but not in any strength and the small intraday pops are being sold off. From a technical perspective, on the S&P 500 (SPY) we have only closed below the 50 day moving average 3 times going back as far as October last year. The index regained that level and rallied immediately the day after.
Not only have we closed below the 50 day for the last 2 weeks, we have actually broken below the 100 day moving average today. This is by no means a guarantee we see some big correction happen, but the dynamics have shifted. We haven't bought the dip and seem to be trending downward.
We still haven't had that big panic washout sell day that I talked about. We are also still holding above the 428.86 intraday low point of last week. If we break below that, I think we get a bit more panic in the markets. Unless we get an inflow of buyers into the last 2 hours of the trading day today, we are set to close at the lowest level in a couple months. This makes traders more on edge.
Still no guarantees in either direction, but things aren't looking so hot for the bulls. Bears are in the driver's seat for now.
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I'm not a trader, I'm just looking for stuff to buy and hold for a while. The thing is, the last 3 months has been pretty terrible. Everything I've tried is either flat or down at this point, and now it looks like the market is going to head WAY down for at least a few months meaning I'm looking at maybe 6 months to even get back to even, assuming it's not "The Big One" that Zerohedge is always predicting in which case certain stocks may never come back. I'm old enough to remember Lucent technologies from the dot com days, as an example. Or look at the level of Ford stock in Y2000, and compare it to now.
Like, I'm looking at the safest play I made earlier this year which was FSKAX in about the beginning of June. It's currently up 3.97%. If the inflation numbers are anywhere from 9% - 5%, that means I'm not really making money I'm just not losing it as fast as letting it sit in the bank, but with the added risk that it could also drop faster than it would sitting in the bank. It's starting to look like more downside than upside.
I'm thinking of just selling off a good chunk of my stuff and writing off the losses while they're still relatively small against my taxes for the year.
Like, I'm looking at the safest play I made earlier this year which was FSKAX in about the beginning of June. It's currently up 3.97%. If the inflation numbers are anywhere from 9% - 5%, that means I'm not really making money I'm just not losing it as fast as letting it sit in the bank, but with the added risk that it could also drop faster than it would sitting in the bank. It's starting to look like more downside than upside.
I'm thinking of just selling off a good chunk of my stuff and writing off the losses while they're still relatively small against my taxes for the year.