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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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06-17-2021, 08:32 AM
#4141
Originally Posted By BulkingIsHard⏩
Why the entire market selling off lol
Commodities down, growth slightly down, value down, PMs down, yields down, DXY… up?
Everyone I talk to is green right now, you're in the wrong chit boyo

Originally Posted By _zman⏩
NVDA and AMD are doing well for me, but not quite as well as AMC
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06-17-2021, 08:33 AM
#4142
Originally Posted By usersignup2⏩
Agree. This is what I will be trading if I add new positions.
Just don't chase the green IMO. Green days are for selling, red days are for buying.
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06-17-2021, 08:35 AM
#4143
Originally Posted By JoshSP1985⏩
Yeah in the misccord not much activity though people acting like there is a completely different server
I went on misc discord this morning and it is dead. Das not it man
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06-17-2021, 08:36 AM
#4144
Originally Posted By Destor⏩
ARK funds are ripping harder than I've seen in a while, feels like a bit of rotation out of the inflation trade and into tech/growth
rotation = pump and dump…

now a bunch of people are going to be holding that bag until the next rotation…
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06-17-2021, 08:53 AM
#4145
Originally Posted By Destor⏩
THC testing windows go way beyond smoking on the job, chit can be in your system for up to a month for people who use heavily in their off time whereas you can get absolutely hammered the night before a breathalyzer and pass the next day or use a range of other much harder drugs that quickly clear from your system

It didn't make a lot of sense before legalization began catching on but the whole thing definitely needs to be reworked now, people shouldn't be deterred when they use in their spare time and aren't inebriated while working

I was joking about the blunts lol.


There is just no accurate test currently to test on the spot for THC. I manage and administer our DOT and non-DOT drug and alcohol tests. I personally have no problem with the average smoker that does it on their own time, I even do occasionally. But for safety sensitive positions we as an employer have to have a 0 tolerance policy for the liability and insurance purposes. Fine with office and non safety sensitive positions though.


Alcohol the night before is FAR worse, yet it's perfectly okay. Drives me crazy. We have more heat exhaustion cases from people being hungover on the job than I would ever worry about smoking bud.
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06-17-2021, 08:53 AM
#4146
Originally Posted By Destor⏩
ARK funds are ripping harder than I've seen in a while, feels like a bit of rotation out of the inflation trade and into tech/growth
SPY is sideways though
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06-17-2021, 08:58 AM
#4147
Originally Posted By camaleom⏩
mehhh I think we go higher imho
If anything I'll sell half. Bought dirt cheap at 9 and 11.
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06-17-2021, 09:03 AM
#4148
Originally Posted By _zman⏩
NVDA and AMD are doing well for me, but not quite as well as AMC



Crazy, kinda goes to show companies can afford to pay more, but don't for that profit margin. I'm pro business but when your profits come at the expense of the employees wages…
It depends on the business model. I lost money for 2 years and am finally turning profit month over month in my restaurant. I charge customers much much more then any other restaurant in my city. But I also import wild mushrooms, copper river salmon, a5 wagyu, foie gras etc… which no one else does.

I have a very high standard for the quality of ingredients and my price reflects it. I started closing Sunday’s and eventually moved to closing Monday’s as well. Lost 6-10 people from payroll. Gave everyone substantial raises but now my margins work out for profit finally. But it was at the cost of 6-10 people no longer having a job. And me cutting back hours open substantially which many businesses might avoid and overwork people instead.

People might say “see companies can afford paying workers more”. But the trade off may be less people get jobs, cheaper products get sold, or customers pay much more. Firing people is the least scary adjustment too be made and most likely the first step a business will take. It can cause employees to start to be overworked.

To combat this some people like me may simplify and make the amount of product available less. I removed lots of menu items. How many businesses will go that route instead of relying on bullying and forcing workers to work harder and become more resentful / angry? Removing and changing items is scary and could result in business going under. Raising prices and putting burden on customers is scary.

I see most businesses creating worse working conditions, having less jobs available, and using cheaper products to deal with raising wages, and then when higher prices finally set in because everyone’s gonna have to do it eventually… all those higher wages will be meaningless when it comes to total purchasing power.

Idk it’s just not so simple.
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06-17-2021, 09:04 AM
#4149
Originally Posted By MinisterOfLust⏩
Congrats to those who bought the dip on AMC.

I am still selling at 100 if God willing
Bought every day this week during lows, and went against what I said and went ahead and did some more calls on amc.



We all gon make it





Have shares on 3 other brokerages too. I'm stuck with robinhood on these though, not risking a transfer at this point.
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06-17-2021, 09:12 AM
#4150
^Nicely done.

Now flip and sell the calls and then sell CC against your shares for ultimate gains
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06-17-2021, 09:18 AM
#4151
Commodities and Finance getting wrecked and tech mooning. Every commodity on tech indicators is strong buy on these but it could dump more the rest of the month. If you time the bottom then you’ll make a chit load
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06-17-2021, 09:20 AM
#4152
lol down 20k from last week. took most my money out fck dat **** lol
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06-17-2021, 09:21 AM
#4153
Originally Posted By RobParks2M⏩
^Nicely done.

Now flip and sell the calls and then sell CC against your shares for ultimate gains
And then it would squeeze and I’d rope.
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06-17-2021, 09:29 AM
#4154
Originally Posted By Destor⏩
O&G giving up all of this week's gains. Thanks Biden!
today might be my worst red day every

sold my COP call yesterday for a 100% return though might buy back in later today
STEM Wagie Brah
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06-17-2021, 09:35 AM
#4155
Originally Posted By lntense⏩
And then it would squeeze and I’d rope.
No Ragrats.
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06-17-2021, 09:44 AM
#4156
Originally Posted By lntense⏩
Bought every day this week during lows, and went against what I said and went ahead and did some more calls on amc.
We all gon make it
">
Have shares on 3 other brokerages too. I'm stuck with robinhood on these though, not risking a transfer at this point.
Got dayummm son mirin fkin hard well played! Reps on RC.
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06-17-2021, 09:51 AM
#4157
Originally Posted By lntense⏩

Have shares on 3 other brokerages too. I'm stuck with robinhood on these though, not risking a transfer at this point.
this too lol I have shares everywhere… I already internalized that some of those share are going to be kept "at lost" - waiting for the mega payday if ever happens lol
"Paper money is going away" - EM
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06-17-2021, 10:04 AM
#4158
Originally Posted By ListenHereBruh⏩
lol down 20k from last week. took most my money out fck dat **** lol
U wot m8??

How's that possible…
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06-17-2021, 10:12 AM
#4159
Originally Posted By Destor⏩
ARK funds are ripping harder than I've seen in a while, feels like a bit of rotation out of the inflation trade and into tech/growth
From what Cathie stated, economy is doing rather well and there's been inflow into value stocks, and now there's inflow into tech/growth as well. ARK has been trending upward for a month.

Originally Posted By Duckliver⏩
It depends on the business model. I lost money for 2 years and am finally turning profit month over month in my restaurant. I charge customers much much more then any other restaurant in my city. But I also import wild mushrooms, copper river salmon, a5 wagyu, foie gras etc… which no one else does.

I have a very high standard for the quality of ingredients and my price reflects it. I started closing Sunday’s and eventually moved to closing Monday’s as well. Lost 6-10 people from payroll. Gave everyone substantial raises but now my margins work out for profit finally. But it was at the cost of 6-10 people no longer having a job. And me cutting back hours open substantially which many businesses might avoid and overwork people instead.

People might say “see companies can afford paying workers more”. But the trade off may be less people get jobs, cheaper products get sold, or customers pay much more. Firing people is the least scary adjustment too be made and most likely the first step a business will take. It can cause employees to start to be overworked.

To combat this some people like me may simplify and make the amount of product available less. I removed lots of menu items. How many businesses will go that route instead of relying on bullying and forcing workers to work harder and become more resentful / angry? Removing and changing items is scary and could result in business going under. Raising prices and putting burden on customers is scary.

I see most businesses creating worse working conditions, having less jobs available, and using cheaper products to deal with raising wages, and then when higher prices finally set in because everyone’s gonna have to do it eventually… all those higher wages will be meaningless when it comes to total purchasing power.

Idk it’s just not so simple.
I know it's not always that simple, especially with restaurants, but franchises like McDonald's are definitely different. I'd say most of their COGS are based on contracts for long periods of time. I'm sure the raise in wages will be reflected in the cost to consumers soon enough.
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06-17-2021, 10:19 AM
#4160
Originally Posted By dopamine72⏩
Got dayummm son mirin fkin hard well played! Reps on RC.
Thanks, Got in at the right time



Originally Posted By camaleom⏩
this too lol I have shares everywhere… I already internalized that some of those share are going to be kept "at lost" - waiting for the mega payday if ever happens lol
Smart for playing amc. If it squeezes you know there’s going to be halting. Sitting on multiple brokerages with amc shares and cash. Gme also.

I refuse to let myself use margin until I’m back to normal investing. Closed my cash account on RH so they don’t lend out my shares.
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06-17-2021, 10:39 AM
#4161
tech printing money today - crazy O.O
"Paper money is going away" - EM
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06-17-2021, 10:44 AM
#4162
NIO and JMIA have been looking good lately. I think they both may reach 100 soon.
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06-17-2021, 11:22 AM
#4163
Started a position in Nova Scotia bank today



Originally Posted By MinisterOfLust⏩
NIO and JMIA have been looking good lately. I think they both may reach 100 soon.

Nio was oversold pretty heavy. Just wish they weren't a chinese company.
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06-17-2021, 11:28 AM
#4164
c'mon CLOV keep dropping lol
"Paper money is going away" - EM
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06-17-2021, 11:37 AM
#4165
Originally Posted By lntense⏩
Started a position in Nova Scotia bank today
any reason why? Why wouldn't you choose td or RY instead?
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06-17-2021, 11:40 AM
#4166
Originally Posted By camaleom⏩
tech printing money today - crazy O.O
Why won't SPY move, piece of shet
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06-17-2021, 11:54 AM
#4167
Originally Posted By BulkingIsHard⏩
Why won't SPY move, piece of shet
look at sq and enph

if u didn't buy at 200 and 100 man u missed big time
"Paper money is going away" - EM
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06-17-2021, 11:56 AM
#4168
Originally Posted By camaleom⏩
look at sq and enph

if u didn't buy at 200 and 100 man u missed big time
I ain't touching meme stocks
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06-17-2021, 11:56 AM
#4169
big green dildos today


thanks Biden

edit: god dammit i knew i should have grabbed some nvidia
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06-17-2021, 11:57 AM
#4170
Originally Posted By camaleom⏩
tech printing money today - crazy O.O
I love when tech is doing well
See title.

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