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» **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
05-21-2021, 06:27 AM
#2041
The house I bought last summer was definitely listed low on purpose for the reason above. The house was posted on Friday, and then they had showings on Saturday. Within a few hours the house had 13 offers, went through three rounds of bidding and re-offers until I finally got it, around $40k over listing price (which is what makes me lol when people are talking about homes being overpriced… based on how much they sell over listing, as if the listing price isn't entirely arbitrary with respect to the actual value of the home, i.e. what people are willing to pay for it)
But yeah low listing price = more hype because the listing stands out more, and the house will sell for over listing anyways
But yeah low listing price = more hype because the listing stands out more, and the house will sell for over listing anyways
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05-21-2021, 06:41 AM
#2042
People have that auction winning mentality, and sometimes listing below market if it’s a mediocre property can get you more in this market. Especially competitive areas like Phoenix suburbs.
Step dad bought 5 properties out in Gilbert AZ before Seville and other editions blew up right after the market crash in 2008. He bought these for 90-150k each and now they’re half a million dollar homes. They range from 2 bed 2 bath to 4 bed 2 bath.
Insane.
I passed a McDonald’s today and $17/hr, full benefits, health insurance, 401kmatch, stock program, $500 bonus after 300 hours worked, as much overtime as wanted.
I mean chit, if I could have got that in college I’d have been balling. Instead I was doing slave labor construction. At least I learned a trade, tile work has come in handy as a side gig and networked some good builders.
Step dad bought 5 properties out in Gilbert AZ before Seville and other editions blew up right after the market crash in 2008. He bought these for 90-150k each and now they’re half a million dollar homes. They range from 2 bed 2 bath to 4 bed 2 bath.
Insane.
I passed a McDonald’s today and $17/hr, full benefits, health insurance, 401kmatch, stock program, $500 bonus after 300 hours worked, as much overtime as wanted.
I mean chit, if I could have got that in college I’d have been balling. Instead I was doing slave labor construction. At least I learned a trade, tile work has come in handy as a side gig and networked some good builders.
05-21-2021, 06:42 AM
#2043
Originally Posted By chino3⏩
dif philosophy - I honestly don't think either one of us is wrong, multiple ways to skin the cat as they said - I can only speak what worked for me during the last 5 years (sold 2 - bought 2)
I literally explained WHY they post a low-ish price. If you list too high, it’s not a matter of wait and see (which is retarded to waste time in this market, so strike one) but you are automatically losing a lot of eyes right off the bat (strike two). If you have someone who is only looking for homes under 500k but you list at 510k, you will have been filtered out. But here’s the thing with the psychology of sales, you get someone to fal in love with a product and then they are more likely to spend higher than their original budget. It’s why apartments or car dealerships advertise their most poverty products (lowest price) but it’s hot because they’re expecting to move those chit tier items, it’s because they will get interest and then let the customers love for the product move their budget.
Also look at eBay. You may have an item with a buy it now price of $1k that will sit for months. Then what? Lower the price a bit? Well that same item got bid up to within 5% of the BIN price in only 7 days. The longer people wait the higher the chance of missing out on these rates as well as their potential dream home. Time is of the essence.
I can only speak for CA, but this is no longer allowed.
Also look at eBay. You may have an item with a buy it now price of $1k that will sit for months. Then what? Lower the price a bit? Well that same item got bid up to within 5% of the BIN price in only 7 days. The longer people wait the higher the chance of missing out on these rates as well as their potential dream home. Time is of the essence.
I can only speak for CA, but this is no longer allowed.
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05-21-2021, 06:47 AM
#2044
Originally Posted By topperstyle⏩
Deets plz.
Since the misc is dying don’t forget to get in on our trading discord
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05-21-2021, 06:53 AM
#2045
Originally Posted By topperstyle⏩
I’m 12 and what is this
Since the misc is dying don’t forget to get in on our trading discord
05-21-2021, 06:54 AM
#2046
Gme picking up speed
05-21-2021, 07:00 AM
#2047
Originally Posted By Duckliver⏩
Gme picking up speed
Up 9% on gme and 13% on amc.
We need this squeeze soon
05-21-2021, 07:02 AM
#2048
RBLX is on fire.
Overall market looking healthy two days now buyers coming back to growth/tech.
Overall market looking healthy two days now buyers coming back to growth/tech.
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05-21-2021, 07:04 AM
#2049
Originally Posted By camaleom⏩
Neither approach is wrong but one is far more successful
dif philosophy - I honestly don't think either one of us is wrong, multiple ways to skin the cat as they said - I can only speak what worked for me during the last 5 years (sold 2 - bought 2)
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05-21-2021, 07:09 AM
#2050
Originally Posted By SouthDakotaBrah⏩
Makes sense in today's market.
The house I bought last summer was definitely listed low on purpose for the reason above. The house was posted on Friday, and then they had showings on Saturday. Within a few hours the house had 13 offers, went through three rounds of bidding and re-offers until I finally got it, around $40k over listing price (which is what makes me lol when people are talking about homes being overpriced… based on how much they sell over listing, as if the listing price isn't entirely arbitrary with respect to the actual value of the home, i.e. what people are willing to pay for it)
But yeah low listing price = more hype because the listing stands out more, and the house will sell for over listing anyways
But yeah low listing price = more hype because the listing stands out more, and the house will sell for over listing anyways
I think my first home I paid 15% under list. Actually, I think every home I bought was under list just a few years ago. RE has been pretty crazy to watch on my end. Completely different market.
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05-21-2021, 07:22 AM
#2051
well that didn't take long
there goes crypto again
lets see if market goes red on this
there goes crypto again
lets see if market goes red on this
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05-21-2021, 07:25 AM
#2052
Originally Posted By lntense⏩
We need this squeeze soon
and THAT is what they betting on… people get tired and start selling
We need this squeeze soon
lots of call ITM for AMC so I'm expecting a big short attack… 12.50+/- the only options that will really be in the money are 11 and change - 12 most people will break even (if I am understanding how that works - still learning)
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05-21-2021, 07:41 AM
#2053
Originally Posted By camaleom⏩
calls ITM means nothing. delta on AMC $12.5C is 0.3…you need delta over 0.7+ to get gamma squeeze
and THAT is what they betting on… people get tired and start selling
lots of call ITM for AMC so I'm expecting a big short attack… 12.50+/- the only options that will really be in the money are 11 and change - 12 most people will break even (if I am understanding how that works - still learning)
lots of call ITM for AMC so I'm expecting a big short attack… 12.50+/- the only options that will really be in the money are 11 and change - 12 most people will break even (if I am understanding how that works - still learning)
delta is the percentage that stock will be in the money…if $12.5C that is expiring today has 30% chance of expiring in the money and 70% out of money…
actual stock has to be bought.
look at AMC stock chart when you zoom out you can see what it is just meme stock atm.
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05-21-2021, 07:45 AM
#2054
Originally Posted By camaleom⏩
I’m not thinking about selling by any means, but yeah I feel people are getting impatient and emotional.
and THAT is what they betting on… people get tired and start selling
lots of call ITM for AMC so I'm expecting a big short attack… 12.50+/- the only options that will really be in the money are 11 and change - 12 most people will break even (if I am understanding how that works - still learning)
lots of call ITM for AMC so I'm expecting a big short attack… 12.50+/- the only options that will really be in the money are 11 and change - 12 most people will break even (if I am understanding how that works - still learning)
I haven’t done any calls on it, all stock. As carbon said, people need to buy the actual stock. We’re kind of stuck right now, they won’t get margin called until more stock is bought. Or if everyone just holds. They’re hoping that all these market fluctuations with crypto and all the behind the scenes shenanigans they’re pulling will cause the momentum to die off and people sell. A lot of amc holders are crypto holders.
Did you see what ******** did with the amc group?
05-21-2021, 07:48 AM
#2055
Originally Posted By Carbonfibre⏩
smacking me with knowledge - thx bro!
calls ITM means nothing. delta on AMC $12.5C is 0.3…you need delta over 0.7+ to get gamma squeeze
delta is the percentage that stock will be in the money…if $12.5C that is expiring today has 30% chance of expiring in the money and 70% out of money…
actual stock has to be bought.
look at AMC stock chart when you zoom out you can see what it is just meme stock atm.
delta is the percentage that stock will be in the money…if $12.5C that is expiring today has 30% chance of expiring in the money and 70% out of money…
actual stock has to be bought.
look at AMC stock chart when you zoom out you can see what it is just meme stock atm.
"Paper money is going away" - EM
05-21-2021, 07:50 AM
#2056
Originally Posted By camaleom⏩
There is tons of sources to learn how options are priced.
smacking me with knowledge - thx bro!
You can read here how black scholes model works.
https://optionalpha.com/options/options-pricing
……………
seems fairly obvious now crypto and market linked.
crypto falling again and market also pulling back now.
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05-21-2021, 07:54 AM
#2057
Originally Posted By Carbonfibre⏩
……………
seems fairly obvious now crypto and market linked.
crypto falling again and market also pulling back now.
Yep, there’s really no way for it not to be now. Investors who don’t fully understand crypto treat it like a stock.
……………
seems fairly obvious now crypto and market linked.
crypto falling again and market also pulling back now.
I’m even guilty of swinging during these dips on my trading account.
Don’t even own the actual crypto
05-21-2021, 08:13 AM
#2058
are you kidding me
they now came after Ford
phuck should have never sold those calls would been $6K now from $500.
…………………..
direct competitor to model s (same price)
(tesla removed plaid+ ordering apperantly new 4680 battery is not going so well, hence why cyber truck is so far behind)
https://www.mbusa.com/en/future-vehicles/eqs-sedan
exterior is meh / interior looks insane……that F1 battery tech and aero…
they now came after Ford
phuck should have never sold those calls would been $6K now from $500.
…………………..
direct competitor to model s (same price)
(tesla removed plaid+ ordering apperantly new 4680 battery is not going so well, hence why cyber truck is so far behind)
https://www.mbusa.com/en/future-vehicles/eqs-sedan
exterior is meh / interior looks insane……that F1 battery tech and aero…
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05-21-2021, 08:30 AM
#2059
^^^ EV is the future, no question in my mind
btw: AMC getting destroyed as I tho it would…
btw: AMC getting destroyed as I tho it would…
"Paper money is going away" - EM
05-21-2021, 08:46 AM
#2060
Real estate in my area is still down bigly from where I bought five years ago. Paid almost $500k for my current place but am hoping to hang onto it and buy something new while not selling this (to preserve the initial value)
My next vehicle won't be an EV and then hopefully won't need to buy another daily driver for at least 10 years after that
My next vehicle won't be an EV and then hopefully won't need to buy another daily driver for at least 10 years after that
05-21-2021, 08:56 AM
#2061
500 miles per charge is probably the big leg that will convert buyers from ice to ev.
most of my friends/family already considering hybrid as next vehicle or already own hybrid
to me RAV4 hybrid seems like easy choice even though it looks ugly as sin imo (reliability / resale value can't be beat)
….it sells so fast as soon it arrive on dealer lot its gone.
most of my friends/family already considering hybrid as next vehicle or already own hybrid
to me RAV4 hybrid seems like easy choice even though it looks ugly as sin imo (reliability / resale value can't be beat)
….it sells so fast as soon it arrive on dealer lot its gone.
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05-21-2021, 08:57 AM
#2062
Originally Posted By Destor⏩
Fuk brah, it's that bad? And don't you have an easy refinance system in Canada which means people are already taking full advantage of interest rates?
Real estate in my area is still down bigly from where I bought five years ago. Paid almost $500k for my current place but am hoping to hang onto it and buy something new while not selling this (to preserve the initial value)
My next vehicle won't be an EV and then hopefully won't need to buy another daily driver for at least 10 years after that
My next vehicle won't be an EV and then hopefully won't need to buy another daily driver for at least 10 years after that
Ugh, So much of Canada's GDP is tied up in housing it's insane. It's going to get ugly AF if oil is weak when interest rates meaningfully rise.
RIP our brothers to the north in 2 years.
The US can only prop up Canada's economy so much by exploiting its other natural resources. We can't work miracles.
05-21-2021, 08:58 AM
#2063
ill say it again and again lol poverty **** tier market. the ****s the point even having any money in this ****
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05-21-2021, 09:11 AM
#2064
Originally Posted By Carbonfibre⏩
I don't think it's until the time to charge is <= time to fill the tank, which will be never, which is why I view EV's as the LaserDisk of automobiles.
500 miles per charge is probably the big leg that will convert buyers from ice to ev.
most of my friends/family already considering hybrid as next vehicle or already own hybrid
to me RAV4 hybrid seems like easy choice even though it looks ugly as sin imo (reliability / resale value can't be beat)
….it sells so fast as soon it arrive on dealer lot its gone.
most of my friends/family already considering hybrid as next vehicle or already own hybrid
to me RAV4 hybrid seems like easy choice even though it looks ugly as sin imo (reliability / resale value can't be beat)
….it sells so fast as soon it arrive on dealer lot its gone.
And just wait until the first group of EV owners feel the rug pull of resale because no one wants a used EV that will need a replacement battery in a year
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05-21-2021, 09:18 AM
#2065
Originally Posted By BIGJIMSLADE22⏩
First part.
I don't think it's until the time to charge is <= time to fill the tank, which will be never, which is why I view EV's as the LaserDisk of automobiles.
And just wait until the first group of EV owners feel the rug pull of resale because no one wants a used EV that will need a replacement battery in a year
And just wait until the first group of EV owners feel the rug pull of resale because no one wants a used EV that will need a replacement battery in a year
Most gasoline powered cars dont have a 500 mile range. It's more the "quickness" of charging that is the issue. Most EVs recommend just charging when not using anyway to maintain battery life.
Been debating it for a next car but currently an apartmentcel so no luxury of installing a port near the house. However, the garage a block away has free charging…soooo…..
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05-21-2021, 09:21 AM
#2066
Originally Posted By BIGJIMSLADE22⏩
Yeah good luck anyone buying 10 year old model s that lost 30-40 percent charging capability.
I don't think it's until the time to charge is <= time to fill the tank, which will be never, which is why I view EV's as the LaserDisk of automobiles.
And just wait until the first group of EV owners feel the rug pull of resale because no one wants a used EV that will need a replacement battery in a year
And just wait until the first group of EV owners feel the rug pull of resale because no one wants a used EV that will need a replacement battery in a year
Charging time is gonna be issue for while until every charger is 250Kw plus and all of them can accept it.
Atm Porsche Taycan is only one that can accept 270Kw which takes 20 minutes to go 0 to 80 percent. Now good luck finding that 300KW charger somewhere lol.
………
rageeeeeeee / 10
ford is about to touch high of $13.5 that hasn't touched since 2016.
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05-21-2021, 09:47 AM
#2067
Originally Posted By TugOfPeace⏩
I'll say it again since I began talking about it years ago: There is stagflation. The price of goods and pretty much everything is going up not based on increased demand, but decreased supply. What has happened with the covid lockdowns being world-wide is a destruction of supply chains. Chit can't get made or delivered, that causes prices to go up on whatever is available. We also see commodities rising too for similar reason. Remember when last year we had hundreds of thousands of animals slaughtered because they couldn't be delivered due to the government's restrictions on travel and transport? It's all fuked. We're gonna see chit get worse. I also look at the weather and see colder climate is inbound, there's no global warming. The price of food will only continue to climb. It's horrible. Inflation is here for sure, and more specifically we're experiencing stagflation.
Would you guys say that the reason real estate is so expensive right now is due to supply and demand, or inflation?
Im thinking inflation. If the fed hadnt printed out so much money and given unemployment benefits and stimulus checks and foreign aid, people wouldn't have the liquidity to be throwing their money at real estate. Thoughts?
Im thinking inflation. If the fed hadnt printed out so much money and given unemployment benefits and stimulus checks and foreign aid, people wouldn't have the liquidity to be throwing their money at real estate. Thoughts?
05-21-2021, 09:48 AM
#2068
Originally Posted By Arem24⏩
Would make money if I sold right now but the local economy here has been down comparatively since the oil crash in 2014, although real estate prices did increase (very slightly) recently for the first time in forever
Fuk brah, it's that bad? And don't you have an easy refinance system in Canada which means people are already taking full advantage of interest rates?
Ugh, So much of Canada's GDP is tied up in housing it's insane. It's going to get ugly AF if oil is weak when interest rates meaningfully rise.
RIP our brothers to the north in 2 years.
The US can only prop up Canada's economy so much by exploiting its other natural resources. We can't work miracles.
Ugh, So much of Canada's GDP is tied up in housing it's insane. It's going to get ugly AF if oil is weak when interest rates meaningfully rise.
RIP our brothers to the north in 2 years.
The US can only prop up Canada's economy so much by exploiting its other natural resources. We can't work miracles.
The 5-year rate on my remaining $360k mortgage is 1.69%, so the cost of borrowing ain’t an issue. But probably won’t look at moving for at least another year, and rates should be up slightly by then
05-21-2021, 09:55 AM
#2069
Originally Posted By Venom08⏩
so you're basically telling me to put all on my money on CUBT correct?
I'll say it again since I began talking about it years ago: There is stagflation. The price of goods and pretty much everything is going up not based on increased demand, but decreased supply. What has happened with the covid lockdowns being world-wide is a destruction of supply chains. Chit can't get made or delivered, that causes prices to go up on whatever is available. We also see commodities rising too for similar reason. Remember when last year we had hundreds of thousands of animals slaughtered because they couldn't be delivered due to the government's restrictions on travel and transport? It's all fuked. We're gonna see chit get worse. I also look at the weather and see colder climate is inbound, there's no global warming. The price of food will only continue to climb. It's horrible. Inflation is here for sure, and more specifically we're experiencing stagflation.
05-21-2021, 10:46 AM
#2070
Originally Posted By Destor⏩
Oh yeah, I mean the effect on housing prices will be WAY more dramatic in CA due to the low interest rate issue. There are plenty of people with 4-5% 30 year fixed rates out there in the US that just haven't refinanced yet for whatever reason. In CA, it seems based on the structure, that everyone is at rock bottom rates, so the increases will be magnified.
Would make money if I sold right now but the local economy here has been down comparatively since the oil crash in 2014, although real estate prices did increase (very slightly) recently for the first time in forever
The 5-year rate on my remaining $360k mortgage is 1.69%, so the cost of borrowing ain’t an issue. But probably won’t look at moving for at least another year, and rates should be up slightly by then
The 5-year rate on my remaining $360k mortgage is 1.69%, so the cost of borrowing ain’t an issue. But probably won’t look at moving for at least another year, and rates should be up slightly by then
Originally Posted By Carbonfibre⏩
This. Was considering getting an I3 to scoot back and forth between home and a business that's about an hour drive away, did 30 seconds of research before I discovered why they're so cheap. Maybe .9% of the population has a functional use for a car with a 25 mile range. The batteries go to chit, and that's assuming the owner even knows WTF they're doing. So many ways to fukk up a battery. I'd wait about 3 years to see the tech development (range, charging time, etc.) begin to slow before purchasing personally.
Yeah good luck anyone buying 10 year old model s that lost 30-40 percent charging capability.
Charging time is gonna be issue for while until every charger is 250Kw plus and all of them can accept it.
Atm Porsche Taycan is only one that can accept 270Kw which takes 20 minutes to go 0 to 80 percent. Now good luck finding that 300KW charger somewhere lol.
Charging time is gonna be issue for while until every charger is 250Kw plus and all of them can accept it.
Atm Porsche Taycan is only one that can accept 270Kw which takes 20 minutes to go 0 to 80 percent. Now good luck finding that 300KW charger somewhere lol.
Also, good to hear on the Porsche, I've been waiting until I have fukk u maintenance money before buying a new porsche, but the electric Taycan Turbo S is hitting all the right notes as far as tech and performance.
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