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-=219=-
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Oct 5, 2018 18:24
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noooo
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Oct 5, 2018 18:24
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Sagebrush posted:Oh man just wait until next year when we gonna have 2:19 on 2/19 2019  And so began the Yospocalypse
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Oct 5, 2018 18:27
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Peeny Cheez posted:And lo, the earth trembled and the seas boiled, the sky turned amber green
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Oct 5, 2018 18:27
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am considering taking this thread private at $219. funding secured.
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Oct 5, 2018 18:29
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creationist believer posted:am considering taking this thread private at $219. funding secured. lowtax would probably take it
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Oct 5, 2018 18:30
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Triglav posted:-=219=- Triglav posted:noooo 
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Oct 5, 2018 18:35
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FAUXTON posted:What's the price for that collateral call on the convertible debt? 250? 260 something, but it's not relevant until december. the rumour is elon gets margin called at $235 tho for the 4 bil he's borrowed against his shares
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Oct 5, 2018 18:40
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the talent deficit posted:260 something, but it's not relevant until december. the rumour is elon gets margin called at $235 tho for the 4 bil he's borrowed against his shares 
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Oct 5, 2018 18:48
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Triglav posted:-=219=- mods??
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Oct 5, 2018 18:58
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Oct 5, 2018 18:59
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yeah but it probably doesn’t look so bad on a log scale
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Oct 5, 2018 19:03
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the talent deficit posted:260 something, but it's not relevant until december. the rumour is elon gets margin called at $235 tho for the 4 bil he's borrowed against his shares i want to believe
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Oct 5, 2018 19:04
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about shorting anyway, is that something I as a normal poor plebeian could risk for some potential small profit off musk's insanity or is it not worth the time when you're talking like three figures/restricted to Rich People
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Oct 5, 2018 20:36
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Ciaphas posted:about shorting anyway, is that something I as a normal poor plebeian could do for some small profit off musk's insanity or is it not worth the time when you're talking like three figures/restricted to Rich People going long has the absolute maximum risk that you lose (buy price * shares) of dollars. shorting has no ceiling on the amount of money you can lose. dont do it. also for most shadetree brokerage accounts, fees are flat, so you pay $9.95 for a schwab buy or sell no matter if you're moving 1 share or 100000. small volume traders lose a lot to trade fees
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Oct 5, 2018 20:37
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Ciaphas posted:about shorting anyway, is that something I as a normal poor plebeian could risk for some potential small profit off musk's insanity or is it not worth the time when you're talking like three figures/restricted to Rich People if you have to ask it's not for you
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Oct 5, 2018 20:38
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don't really plan to, stock market is gambling with more Arengee presence to my mind and coming at it from the other direction won't change that would be nice if i could guarantee loving musky and getting a few hundo at the same time, though
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Oct 5, 2018 20:39
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but hey, while i'm wishing, i wish tesla didn't suck, so hey yo
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Oct 5, 2018 20:40
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Jonny 290 posted:going long has the absolute maximum risk that you lose (buy price * shares) of dollars. shorting has no ceiling on the amount of money you can lose. dont do it. you can take a short position w/o the naked short you're talkin about but also do never trade individual stocks or options
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Oct 5, 2018 20:41
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If the stock market tanks again I wouldn't be surprised if they banned short selling, at least temporarily It happened in 2008 https://www.sec.gov/news/press/2008/2008-211.htm the combination of trumps ego and the old white people who own stocks means they gotta prop it up as long and as high as possible
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Oct 5, 2018 20:50
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Ciaphas posted:about shorting anyway, is that something I as a normal poor plebeian could risk for some potential small profit off musk's insanity or is it not worth the time when you're talking like three figures/restricted to Rich People Its something a plebe can do inasmuch as there are plenty of brokers that will allow you to short. The problem is that TSLA is really volatile since its a hype stock and has huge movements on news events. And there's no way to mitigate the risk of those news events. Like a bad scenario is that you short 10 shares of TSLA for $270, hold through Q3, turns out TSLA knocked it out of the park despite YOSPOS prevailing wisdom. The price opens the next day at $340, and now you've lost $700 of your $2700 investment, and even though you put in a stop order it doesn't matter because the price jumped over it. Its really unlikely you'll actually lose more money than you put in unless you're highly leveraged, because stocks almost never gain 100% overnight, but theres a lot of hurt between "losing all my money" and "coming out even".
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Oct 5, 2018 20:51
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bob dobbs is dead posted:you can take a short position w/o the naked short you're talkin about my buddy and i always joke of shorting snap since the shares aren't even shares and they're obviously run by a kalanick wannabe. anyways he texts me to say he drunkenly shorted snap before one of their quarterly days for 30k. checked to see how much he was up after they bombed then realized he had drunkenly picked SANP instead, which coincidentally had announced an increased dividend and was up like 20% lmao. that's my story of how degenerate you have to be to gently caress around with individual stocks.
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Oct 5, 2018 20:52
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bob dobbs is dead posted:you can take a short position w/o the naked short you're talkin about stock picking is gambling for accountants
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Oct 5, 2018 20:52
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Ciaphas posted:don't really plan to, stock market is gambling with more Arengee presence to my mind and coming at it from the other direction won't change that I think technically the "right" thing to buy are put options. the transaction is roughly that you pay money (proportional to the max # of shares that you want to "put") to make a bet that tesla stock will be below some value (the strike price) at some point in time. when that time comes around you have the right to choose to sell the tesla stock to the entity that took your bet at the strike price-- which is a good deal if tesla stock is cheaper than the strike price right then I think this is the "actual right position" bob dobbs is dead posted:you can take a short position w/o the naked short you're talkin about
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Oct 5, 2018 20:52
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Ciaphas posted:even in the case of not being a bazinga how much money would it take to fight seems like the sort of case a lawyer would take on without payment (and then take like 60% of the money you get back) just because of how obviously criminal it is
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Oct 5, 2018 20:54
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Kevin Mitnick P.E. posted:stock picking is gambling for accountants friend of mine is doing it as a dumb little hobby and so far put all the money he was ready to invest in cannabis (he doesn't smoke and hates drugs, he just wants to get in on it becoming legal in canada in like a month), WWE (because he's a dork) and chinese tech companies
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Oct 5, 2018 20:59
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Triglav posted:-=219=- Triglav posted:noooo hahaha best-worst snype ate all the Oreos posted:seems like the sort of case a lawyer would take on without payment (and then take like 60% of the money you get back) just because of how obviously criminal it is *stannis voice* BREACH OF CONTRACT IS NOT, IN ITSELF, A CRIMINAL OFFENSE
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Oct 5, 2018 21:00
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reminder of what can happen when you naked-short an "obviously doomed" stock: https://www.investopedia.com/articles/investing/121515/how-short-sellers-account-went-negative-106k.asp the stock's now trading at $0.65 so you can argue that the short bet was right, but it doesn't matter if the seller runs out of collateral before they're right Gazpacho fucked around with this message at 23:24 on Oct 5, 2018 |
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Oct 5, 2018 23:21
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You also have to pay taxes on shares you sell. A lot of people don't get that. So you're going to sell higher by a small margin to make up for that loss before you start to turn a profit. Then there's things like calls and puts for the absolute dedicated stock peeps out there. probably best to pick a tech related index or mutual fund and let the money nerds handle poo poo unless you have a thing for watching your shares tank when weedlon tweets.
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Oct 5, 2018 23:29
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just tweet at Elon telling him you want to short it
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Oct 6, 2018 00:19
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like a lot of things, nerds think they can min max the stock market just by thinking really hard about it or by staring at graphs but the reality is that day by day you're basically just guessing and might as well juts buy a tracker or a load of bonds. all those hedge funds etc that make amazing billion dollar trades either have a dedicated research team who got lucky, had insider info or climbed up a pile of skulls made from their investors to reach the top.
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Oct 6, 2018 00:37
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i have a friend whose job description is basically "makes money" and one time he told me to buy stock in a new diabetes drug or something, but i was too broke. then a few months later it increased value by like 9000% or something. that's my investment story.
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Oct 6, 2018 00:41
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Roosevelt posted:i have a friend whose job description is basically "makes money" and one time he told me to buy stock in a new diabetes drug or something, but i was too broke. then a few months later it increased value by like 9000% or something. that's my investment story.
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Oct 6, 2018 00:45
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there's nothing wrong with picking stocks if your goal is just to beat inflation & not to catch unicorns
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Oct 6, 2018 01:07
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unless you have insider info you invest in broad index funds and sell in ten years anything else is bad
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Oct 6, 2018 01:09
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lazier than that: i used to have money in a wealthfront account, i barely selected anything but a risk factor on a scale 
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Oct 6, 2018 01:24
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Ciaphas posted:lazier than that: i used to have money in a wealthfront account, i barely selected anything but a risk factor on a scale it's the same amount of effort to choose a vanguard fund with a lower cost they have lifecycle and target risk funds as well, and don't advertise on podcasts
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Oct 6, 2018 02:06
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HAIL eSATA-n posted:it's the same amount of effort to choose a vanguard fund with a lower cost noted for when i have more liquidity available again 
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Oct 6, 2018 02:16
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Triglav posted:-=219=- lmao
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Oct 6, 2018 03:26
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Roosevelt posted:i have a friend whose job description is basically "makes money" and one time he told me to buy stock in a new diabetes drug or something, but i was too broke. then a few months later it increased value by like 9000% or something. that's my investment story. buy apple at $4 imo
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Oct 6, 2018 03:26
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