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Guys, what's happening here? It's gonna be alright, right? Guys?!!

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  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

  • Rusty Shackelford
    Rusty Shackelford

  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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MFG (purchasing manager's index) in Germany is sinking, and for March came in well below expectations.  It's currently at a 7-year low.  Now, Germany isn't the US, but I find this concerning.

  • Author

I’ve changed my investment strategy from 1 powerball Wed to 2 quick-picks today. Portfolio adjusted.

Still time to splash the pot before I collect.

1 hour ago, Llano Estacado said:

I’ve changed my investment strategy from 1 powerball Wed to 2 quick-picks today. Portfolio adjusted.

Still time to splash the pot before I collect.

Mine is dump girlfriend and marry rich.

On 3/22/2019 at 7:29 AM, Girdwood said:

I’m 29 and 100% in equities. 

Not going to be checking my Vanguard account for a while when the inevitable collapse happens. Thank god for auto debit.

That's what I did during the financial crisis.  Back then I got paper statements and they went straight into the drawer.  Didn't open any of them until 2013 or so and damn glad I didn't.  I have no doubt I would have panicked and sold at the bottom in early 2009.

LYFT about to go live. They don't actually plan to make money. 

On 3/22/2019 at 3:03 PM, tucker said:

Mine is dump girlfriend and marry rich.

I stopped drinking one Sunday morning per month.

On 3/29/2019 at 10:45 AM, Anastasis said:

LYFT about to go live. They don't actually plan to make money. 

They need to hurry up and price some options on this dog, as I'd like to gamble on some puts. 

32 minutes ago, Blotto said:

They need to hurry up and price some options on this dog, as I'd like to gamble on some puts. 

Not shortable either, at least through Schwab. 

5 minutes ago, Anastasis said:

Not shortable either, at least through Schwab. 

I like to limit exposure, so I stick to buying options. From my limited research, it appears that 5 days after IPO would be the minimum timeframe, so a week or two seems likely for a stock with this much attention.

 

I don't think I've ever made money with a short position

I may have posted this on the Shag so sorry if familiar to some. This is the only method I have found that works. He has lots of videos. This one is a favorite.

 

 

I like to limit exposure, so I stick to buying options. From my limited research, it appears that 5 days after IPO would be the minimum timeframe, so a week or two seems likely for a stock with this much attention.
 

Buying options is purely speculative. Selling them is actuarial. As long as I’m taking a position with no intrinsic value I’d rather get paid to do it.
46 minutes ago, Bozo_Casanova said:


Buying options is purely speculative. Selling them is actuarial. As long as I’m taking a position with no intrinsic value I’d rather get paid to do it.

Not interested in writing naked options on a stock like LYFT. I'll stick with straight speculation. 

18 hours ago, 52-80 said:

I don't think I've ever made money with a short position

I’m no savvy investor, but some of my best quick returns were on short positions.  Years ago one of the major oilfield service companies came out a month before their earnings announcement and said they were going to miss estimates by a fair clip.  Stock tanked, but by the time the call came it was right back where it started.  

The consensus estimates were also back to pre-announcement levels so it was like they never told anyone they were going to miss.  I put on a short position day before the earnings call and made 20% in less than a week.  No, it’s not a huge win like most posters here get with their 400% gains in a day with options on triple-leveraged ETFs, but it was good enough for me and about as close to free money as the market will ever provide.

LYFT down another 2, and not showing as hard to borrow any more. 

10 hours ago, Blotto said:

Not interested in writing naked options on a stock like LYFT. I'll stick with straight speculation. 

Why would you go naked? You can contain your risk with a vertical spread and get paid to insure the risk of low probability events.  Options go on sale thursday. 

Edited by Bozo_Casanova

  • 2 weeks later...

Fuck, Qualcomm settle suit with Apple. Got 67 out 65.01. 2020 iPhones should be rocking a Qualcomm modem. Gibs me a reason to wait to buy one.

I don't see how Lyft grows as a company so I'm staying far far away from that stock.

Just now, HRSchenker said:

I don't see how Lyft grows as a company so I'm staying far far away from that stock.

The ZOOM (ZM) ipo should be interesting.  That company is at least growing and making money.  I use it pretty frequently.  Pretty good segment on them at lunch on CNBC

4 minutes ago, HRSchenker said:

I don't see how Lyft grows as a company so I'm staying far far away from that stock.

 

Saturday night I'm looking for a short ride home from the bar (2AM-ish) in North Central Austin. Check my phone Lyft $7.00, Uber is running some 30%off special so it was around $4.50. Select Uber and ride is there in 3 mins.

They will continue to hammer each other on price because the average consumer doesnt give a fuck which of those two ride share service picks them up. On the flip side, their drivers are constantly evaluating which app to turn on to make the most money at that time of day.

Since they are both so far away from profitability, they will tout growth as success, which will lead to continued discounting. Growth will continue, but until they figure out a drastically cheaper way to move someone from point A to point B, I suspect profitability is a long way off.

1 minute ago, hornbri said:

Wow Zoom was priced really wrong. 

People are all over it because it's actually profitable and at an increasing rate, unlike Uber and Lyft.  

6 minutes ago, hornbri said:

Wow Zoom was priced really wrong. 

bankers should be sued. this is malpractice. 

8 minutes ago, tucker said:

bankers should be sued. this is malpractice. 

who did their underwriting on this?  Good day for them

1 minute ago, babysdaddy said:

who did their underwriting on this?  Good day for them

Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, and Credit Suisse 

I know the MS and JP team. They are good. Both have a strong, tenured tech team.

Edited by tucker

Just now, tucker said:

Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, and Credit Suisse 

I know the MS and JP team. They are good. Both have a strong, tenured tech team.

I really don't think you can fault them for how it was priced and how the public markets actually react once it starts trading.  It's fucked up

Lowball pricing is a legitimate strategy to build momentum. The Zoom IPO amounted to less than 10% of the the company. i don't t think you are going to see many shareholder complaints.

Anybody else making a killing in their real estate stocks this year? VNQ, STWD, and CPT have been lights out for me so far. 

As soon as you get the feeling that you are going to be making or have made a "killing" in an investment, then that is your signal to sell.

21 minutes ago, Dolemite said:

As soon as you get the feeling that you are going to be making or have made a "killing" in an investment, then that is your signal to sell.

Nobody ever went broke selling at a gain, maybe not all of a position but take some off the table.

Pigs get fat, hogs got slaughtered

45 minutes ago, Dolemite said:

As soon as you get the feeling that you are going to be making or have made a "killing" in an investment, then that is your signal to sell.

Yep, I’m about to dump my SBUX stock I purchased at $52.78 last year; I’m waiting for the capital gains tax rate to go down by holding a year and a day. 

12 minutes ago, tucker said:

The S&P 500 Just Beat Its All-Time Closing High. Can It Stay There?

https://www.barrons.com/articles/sp-500-record-high-51556036336

Sign of the top?

I honestly don't think so.  Talking to a lot of small business owners, they're inundated right now.  Many had begun to scale back late last year due to the specter of recession.  However, they're now behind the 8-ball because things are going faster than they anticipated, and by a wide margin (like faster than early to mid last year).  

Any sort of deal with China will ramp that even further.  I think we have quite a bit to run, barring any Black Swan event.  

I do think the Fed may revisit interest rate hikes, which may put the brakes on things.  But in my business (commercial RE), we have had the long sustained run of positive absorption in my my career.  The beauty is it has been slow and steady for years.  Things have always gone south following a rapid increase in rents and activity.  Developers overbuild in response, and the shoe drops.  Supply has been trickling in to the market, rather than flooding it, and that has helped sustain things.  And a lot of new developments have been swooped up by single tenants- tech and entertainment (Netflix, Google, Amazon, etc), so supply that really impacts vacancy has been really muted.  

I'm taking a few things off the table that have kicked ass since Dec. Which probably means we shoot right through 3k in the next month.  

On 4/16/2019 at 2:46 PM, Blotto said:

 

Saturday night I'm looking for a short ride home from the bar (2AM-ish) in North Central Austin. Check my phone Lyft $7.00, Uber is running some 30%off special so it was around $4.50. Select Uber and ride is there in 3 mins.

They will continue to hammer each other on price because the average consumer doesnt give a fuck which of those two ride share service picks them up. On the flip side, their drivers are constantly evaluating which app to turn on to make the most money at that time of day.

Since they are both so far away from profitability, they will tout growth as success, which will lead to continued discounting. Growth will continue, but until they figure out a drastically cheaper way to move someone from point A to point B, I suspect profitability is a long way off.

The endgame for Uber and Lyft is self-driving cars.  Cut out the cost of the driver and simply have fleets with the exact same car nationwide, maintained at a local depo.  Whoever does this well first wins.  I could see Waymo (google) or Amazon being the eventual winners.  Maybe there is room for about as many companies as we have rental car companies today, some more expensive with newer cars and some cheaper with older fleets.

I think you are correct that price will matter most, with quality of service next for those than can afford nicer stuff.  Citywide bus services will struggle to keep customers.

If metro bus service relied on passenger fares to stay in business, we would have 90% fewer busses and routes in this country.

Q1 GDP in at 3.2% v 2.5% expected.  


Driven by higher consumer spending, inventory build up and lower imports.

Only 1 of those can remain strong going in the next Q numbers

Ford is on fire today.

33 minutes ago, SDG said:

Ford is on fire today.

Yep.  Good run going right now.  I've had a helluva run on ZYNE the last month or so.  Been in it since $4.78, printing $11.20 rt now.  

RZA being interviewed on CNBC on floor of NYSE. 

 

LOL the blonde dropped a "diversify your bonds" references. 

Edited by Anastasis

18 minutes ago, Anastasis said:

RZA being interviewed on CNBC on floor of NYSE. 

 

LOL the blonde dropped a "diversify your bonds" references. 

 

Sarah Eisen- she had a skirt issue several years ago when she didn't realize they were going to her live. 

 

Also-

 

4 minutes ago, JimmyHoffa said:

Sarah Eisen- she had a skirt issue several years ago when she didn't realize they were going to her live. 

 

Go on...

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