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Lote
Aug 5, 2001

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Gamesguy posted:

Anybody have experience with this? Can I dodge this by switching brokers or do I absolutely have to put myself on the SEC's radar now?

Stealth brag.

Why would you ever possibly want to exposure yourself to the SEC coming down on you with fines, suspension of trading privileges, or worse, by avoiding reporting standards? What is the upside here?

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Aug 5, 2001

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What stocks are you personally shorting and / or buying?

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Aug 5, 2001

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Dwight Eisenhower posted:

Bought VIX 20 calls when it was at 16. :cool:

THANKS TRUMP

Trade war!

Last one in exports rotten eggs!

Lote
Aug 5, 2001

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Anyone know anything about the debt ceiling and when it’s going to be hit? Or did they roll the debt ceiling in with the gov shutdown bill? They said at the beginning of Feb that the debt ceiling would be hit on the first half of March.

Lote
Aug 5, 2001

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Gary Cohn resigning. Trump going forward with tariffs.

Lote
Aug 5, 2001

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Bought some $UVXY for tomorrow and I may hold til Thu / mid Fri. I feel like the markets are in denial about the $60 billion in penalties and tarriffs that Trump is going to start against China.

Buckle up. Aluminum tariffs kick in. Trumps gonna announce this stuff against China. Cherry on top is a possible Gov Shutdown. :lol:

Lote
Aug 5, 2001

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Lote posted:

Bought some $UVXY for tomorrow and I may hold til Thu / mid Fri. I feel like the markets are in denial about the $60 billion in penalties and tarriffs that Trump is going to start against China.

Buckle up. Aluminum tariffs kick in. Trumps gonna announce this stuff against China. Cherry on top is a possible Gov Shutdown. :lol:


Harry Potter on Ice posted:

something awful pumpin and dumpin

I exited early afternoon before it went up another $1. It’s probably going to whipsaw back down when denial kicks back in. :lol:

Trump’s gonna double down in the next few weeks to months because he can’t handle being wrong. Who knows when China will respond? I just feel like a bigger correction is coming soon.

Lote
Aug 5, 2001

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EVA BRAUN BLOWJOBS posted:

Dow Mini at -351. I'd say Monday is going to be ugly but my remaining calls are worthless anyways. Riding these things to expiration.

Dow mini back up. Maybe the markets are reacting positively to the Blackstone CEO’s comments? Gonna be a whipsaw when Trump tweets out tomorrow how he’s totally gonna do the tariffs.

Lote
Aug 5, 2001

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joats posted:

Are the stocks going to keep the downward trend through the weekend? I need Trump to post a positive Tweet.

He's going to double down on tariffs between now and next Thursday. Trump believes that trade deficits are bad therefore tariffs are good.

"The financial guys are freaking out over nothing. Plus, it's not like the stock market is down that much anyway. It was this high back in December so what are they complaining about? Just like the tax cuts had terrible numbers in early polls and everyone likes them now!"

-Trump inner monologue

Co-incidentally, I'm waiting for the opening when the market is less spooked to rebuy some UVXY, DOG, and/or QQQ

Lote fucked around with this message at 20:16 on Mar 28, 2018

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Aug 5, 2001

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Josh Lyman posted:

Helluva job calling the bottom.

I'm back into the green YTD, 2.3%. I don't feel particularly confident about tomorrow though.

All those beef futures tomorrow...

Lote
Aug 5, 2001

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The Butcher posted:

So while quickly checking to see if you were making a joke or that was actually a thing (because in 2018 I actually can't tell with poo poo like this anymore) I found this which I think is thread appropriate:



Either that or he’s having a seizure.


Buckle up for the trade war. I would not want to be Kudlow’s phone right now :lol:

Lote
Aug 5, 2001

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It seems like Boeing and to a lesser extend GE would be very vulnerable here given the alternative of China going purely with Airbus. China is one of the fastest growing airline markets correct? Don’t they have a ton of 737X on order?

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Aug 5, 2001

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proctorbot posted:

Things seemed to stabilize toward the end of the trading day.

Temporary dip in reaction to tariff news, or are we really heading down big?

Do you think the sell off continues tomorrow?

WRT tariff stuff, I feel like it’s going to quiet down until Wednesday or Thursday when the list of $60b in tariffs will start to leak. That’s supposed to come out Thursday or Friday. No way Trump backs down.

Lote
Aug 5, 2001

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What’s to stop Spotify from buying out Pandora for example which has a market cap of $1.2B with $1.5B in revenue and $500m cash on hand?

(I own $P and am looking to buy more.)

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Aug 5, 2001

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The fun part comes when China responds. Or when Trump says “I totally meant it” after people get on the talk show circuit to say Trump is just posturing to calm the markets down.

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Aug 5, 2001

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dougdrums posted:

My problem is, if he can swing the market over a tweet -- nothing that was really planned in advance -- nobody is going to want to take part, whether the issue is tariffs or anything else.

Trump has the power to impose tariffs unilaterally. He believes trade deficits mean the country is losing money. When he says he is going to zero out the trade deficit, he means it. The denial of the stock market is actually making this outcome more likely because in Trump's mind, the stock market is +20+% since taking office, what's the big deal about tariffs?

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Aug 5, 2001

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The market initially shrugged off the jobs report miss this morning with the comfort that wages were rising ~3% annually. It seems like all bad news is actually good news and I’m getting 2008 vibes.

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Aug 5, 2001

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EVA BRAUN BLOWJOBS posted:

I wonder if it would be profitable to buy equal dollar amounts of TQQQ and SQQQ near the close every Friday and then get rid of them at the appropriate times the following week. You know, until volatility dries up again. If this is stupid please say so because I am genuinely curious.

Why not wait until the market goes up and buy SQQQ then when it goes down sell SQQQ and buy TQQQ?

Unrelated: Margin calls are executed between 2 and 3 right?

Lote fucked around with this message at 23:11 on Apr 7, 2018

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Aug 5, 2001

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I’m scratching my head as to why Spotify doesn’t straight up buy $P for the 1.5 billion in revenue.

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Aug 5, 2001

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greasyhands posted:

Is it even fathomable for a president' campaign manager to be facing life in prison, multiple other guys from his admin pleading guilty to charges, and then his lead lawyer's office being no-knock raided by the FBI and the president not ending up in trouble? This is getting pretty serious

Watergate and Iran Contra were both pretty bad with a lot of guilty pleas.

Edit: Trump's gonna lash out and do something impulsive today or tomorrow. I'm thinking something wrt Syria rather than tariffs.

Lote fucked around with this message at 21:57 on Apr 9, 2018

Lote
Aug 5, 2001

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Take a look at $P. Looks like an institutional investor is just putting out 400-500k shares worth of market orders in the mornings for the past 5 days. Has really helped with a week long rally of 10% for the stock. I’m glad I expanded my position early this week.

Lote
Aug 5, 2001

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CTL is also working to replace that telephone income stream with fiber internet and gigabit internet. They've got a decent presence in the fiber market and there is a huge room for expansion. They're probably doing better than most companies because if ATT's rollout of fiber is any metric, the level of excellence is right above "hot garbage". For example, ATT is sending me mailers for their new, gigabit fiber internet. It's available for 2% of the city, and I'm in a downtown area. It's been like this for 3 years with no change in the area covered. The mailers keep piling up and it's getting kinda funny. (I'm currently with Charter which is like $50 or $60 /month for like 10 mbits and spotty so I've been looking to jump ship since I signed up.)

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Aug 5, 2001

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It’s hard to understate how big the sports betting ruling will play in casino stocks. I am going out on a limb and I think it willsave $CZR from its huge debt load and make it into a solid company. (Apollo could be in a Producers scenario too :lol:)

The ruling opens up legalized betting on a state by state basis. The sports betting market is $150 Billion (yes, billion) annually. The main companies that will benefit immediately are CZR, PENN, MGM and PNK. CZR has the absolute best name recognition with their WSOP brand plus if the companies don’t allow online betting for intrastate pools and require in person wagering, they have the best locations within NJ, Penn, Indiana, Mississippi and Ohio which will likely be the first to legalize it.

I’m betting people will switch to online and brick and mortar betting because casinos don’t break your legs if the Pats lose.

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Aug 5, 2001

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Harry Potter on Ice posted:

How does the ruling affect states like nevada or wa

It won’t affect Nevada much for the next few years. California is a giant market that is multiple years away. Nevada already has online sports betting but you have to be physically within the state. It will most likely affect the Nevada state more than any individual casino company save $LVS. All the other companies have multiple casinos across the country in large markets. They are a loser in online sports betting because they have like one non-LV casino in the US. That said, they aren’t a short because they also have the largest Macau presence.

Delaware is a loser here too because I think they have tabs or something? I have no idea.

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Aug 5, 2001

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Some basic numbers for example. Most casinos put out 20c lines or -110, which means for every $11 you wager you win $10 + your original $11. It results in a long term house edge of 4.5% aka revenue of 4.5% of all bets. Subtract out regulatory taxes of let’s say 33% and you get 3% revenue. The states that will soon legalize represent about 15-20% of the national sports betting market of $150 billion. If CZR can capture half of it with their WSOP brand, it could be an additional 1.5 billion annually in revenue for CZR within the next 2 years. Plus they already have the operating software from their NV and NJ sites.

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Aug 5, 2001

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Harry posted:

The issue is it's a state by state thing. I imagine most states will want to keep things close to have that direct bribe pipeline.

The states <2 years are all trying to get it legalized ASAP. I imagine there will be a domino effect once New Jersey legalizes and people realize you can lose money on live betting the Jets while you're at the Meadowlands, which will kick New York into gear to legalize. Same with California.

Texas ain't gonna legalize anything, ever. :lol: There is one casino in the entire state and the descriptions I've read of it are the most depressing possible.

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Aug 5, 2001

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Harry posted:

You're assuming the publicly traded casinos in Las Vegas will get a cut though. New Jersey has their own state sanctioned operation, and I imagine there will be a bunch of other fiefdoms as well.

True though I’m assuming that sports betting will be implemented in New Jersey like it has been for online poker and online casinos. I think Kentucky itself is exploring the option to do it themselves. It would be much easier to take a percentage from the implementation of an already established online bookmaker than do it yourself from scratch.

If some statetries to do it from scratch it will likely go horribly for them. Ex: correlated parlays, 6 point teasers across big numbers, not being quick enough with line movements, panic if there’s a huge imbalance in the line with “smart” / “dumb” money going in opposite ways.

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Aug 5, 2001

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LLCoolJD posted:

Maybe. It's one thing to have state-run lotteries and liquor stores, but state-run sports gambling seems more risky and complicated.

Yeah. I wonder what two competing states would do if you could arb the lines but the counterparty risk isn’t there. Like what I imagine the Penn and NJ books are like when the Giants play the Eagles and you have millions in unbalanced bets. State run books would freak the gently caress out if they had a down sports betting month and they have to explain to the legislature that they owe the voters $10 mil after the Super Bowl.

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Aug 5, 2001

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shame on an IGA posted:

why even get into all the poo poo with points and spreads just do straight parimutuel on the outcome, minus house percent, like horse racing

People love them their spread bets. Especially when a -7 spread is equal to like a 75% chance of winning. Maybe you could set it up like an options spread where you have every point spread +\- 6 available off the initial line?

It wouldn’t really work for parlays because you could get some craziness with 10 team parlays paying out huuuge amounts because no one bets on the small to mid market teams to win (looking at you Jags and Bills)

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Aug 5, 2001

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What's $IQ? Is it one of those brain boosting supplement companies?

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Aug 5, 2001

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The $GME play finally making money, though if it gets bought out by private equity it’s gonna go the way of KB Toys.

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Aug 5, 2001

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They’re spinning off their oil and gas and healthcare unit and selling them. Going to be a one time dividend. I don’t really see how this helps a lot of their underlying problems on their balance sheet.

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Aug 5, 2001

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Selling their oil and gas business is probably a good move right now. By the time the deal executed, it will probably be near the top.

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Aug 5, 2001

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How do you manage to write uncovered options that get you that far in the hole?

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Aug 5, 2001

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Brexit looking like it’s falling apart tonight so there may be a shift to US blue chips, treasuries, or income stocks tomorrow. Could also tank the market as people rush to cash. :shrug:

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Aug 5, 2001

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fatal oopsie-daisy posted:

What that other guy said is true

These are the people you’re betting against now more than ever before

The market has never had so many fish in it thanks to bitcoin and social media making 18 year olds think they can invest using a loving smart phone app

edit: Case in point, watch this idiot risk his entire account for absolutely no reason:

https://www.youtube.com/watch?v=-JY22pXnevc

Speaking of, I just shorted NVDA. There’s going to be a huge gnashing of teeth when NVDA beats on earnings but still goes down after earnings because everyone was pricing in a bigger earnings beat.

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Aug 5, 2001

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bob dobbs is dead posted:

so i live in a solidly ridiculous RE rental area but definitely one of the most ridiculous RE buying areas in the US (palo alto)

is there any way I could hedge against rent stuff specifically? like, get inverse exposure to this one specific area with a drat good correlation. i was thinkin reit instruments but i want to hedge rent and just rent, not the buying price. smaller area in this case would be better

hostile apostle posted:

Facebook stock


How's the 25% cut in real estate prices?

:v:

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Aug 5, 2001

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dougdrums posted:

One sold at like what would be 3500 after the split, in october.

I can short HMNY on TD Ameritrade :pwn: The margin requirements are insane lol. I'd figured it'd be stalled by now.

How? Market cap is so small.

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Aug 5, 2001

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Sold my oil stocks today and shorted TSLA because I don’t think he has the funding secured and the production woes are ongoing. Also bought a silver mining ETF because it looks like the price has collapsed to a 2-3 year low and silver oscillates. This is in addition to ongoing short of NVDA. Let’s see how this goes.

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Aug 5, 2001

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FreelanceSocialist posted:

And the benchmark and price leaks (if accurate) make the new line very attractive to the gaming community which has been shafted hard by cryptomining the past 18+ months.

Is it a completely new line of production or are they taking output away from existing cards? Are the cards useful for mining?

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