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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
03-15-2023, 08:26 AM
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#2761
- RobParks2M
- mad hatter
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Bond yields getting absolutely murdered. Didn’t see this coming when rate hikes should be continuing. Guess I should have bought more Monday or Tuesday.
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0.4 mg of party's over wake the FK up!
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03-15-2023, 08:32 AM
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#2762
- Carbonfibre
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tons of panic
this is changing by the second

this is changing by the second

03-15-2023, 08:42 AM
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#2763
- mulletwarrior
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Originally Posted By Carbonfibre⏩
Ha wonder how that emergency backstop works for non-us banks?yeah CS is done
this called limit down on many euro banks
also PPI / retail sales missed by country mile
WTI diving under $70 (not good)
demand destruction doing its thing
guess fed is winning
set alarm clock early and went short ES futures.
this called limit down on many euro banks
also PPI / retail sales missed by country mile
WTI diving under $70 (not good)
demand destruction doing its thing
guess fed is winning
set alarm clock early and went short ES futures.
Also, whats up w that 2 yr note?
mo e
03-15-2023, 08:47 AM
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#2764
- thatsnarf
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Carb,
How do i get out of the following position.
I did the following yesterday to experiment.
Buy to open
AMD X 1
3/17 $83 PUT
.50
it's up %14 for a 9$ gain lol
do i just do the opposite and "sell to close" at whatever limit price i choose to do so?
Also, if i wanted to let it ride, i can just leave it alone and not do anything correct? after closing friday, i'll have either made some money or just lose the 50$ correct?
is this considered "shorting a stock" ?
How do i get out of the following position.
I did the following yesterday to experiment.
Buy to open
AMD X 1
3/17 $83 PUT
.50
it's up %14 for a 9$ gain lol
do i just do the opposite and "sell to close" at whatever limit price i choose to do so?
Also, if i wanted to let it ride, i can just leave it alone and not do anything correct? after closing friday, i'll have either made some money or just lose the 50$ correct?
is this considered "shorting a stock" ?
03-15-2023, 08:49 AM
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#2765
- Carbonfibre
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- Carbonfibre
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Originally Posted By mulletwarrior⏩
margin calls on those tradesHa wonder how that emergency backstop works for non-us banks?
Also, whats up w that 2 yr note?
Also, whats up w that 2 yr note?
thats why you're getting erratic moves right now across everything
basically book old as time
tech bros (VC fund) that need ZIRP decided to cause run on bank so they can cause fed to pivot
see how efficient system capitalism turns out to be
when rich people blow up they run for help
poor stay poor they don't give shiit that fed didn't even finish their job
Originally Posted By thatsnarf⏩
yeah the oppositeCarb,
How do i get out of the following position.
I did the following yesterday to experiment.
Buy to open
AMD X 1
3/17 $83 PUT
.50
it's up %14 for a 9$ gain lol
do i just do the opposite and "sell to close" at whatever limit price i choose to do so?
Also, if i wanted to let it ride, i can just leave it alone and not do anything correct? after closing friday, i'll have either made some money or just lose the 50$ correct?
is this considered "shorting a stock" ?
How do i get out of the following position.
I did the following yesterday to experiment.
Buy to open
AMD X 1
3/17 $83 PUT
.50
it's up %14 for a 9$ gain lol
do i just do the opposite and "sell to close" at whatever limit price i choose to do so?
Also, if i wanted to let it ride, i can just leave it alone and not do anything correct? after closing friday, i'll have either made some money or just lose the 50$ correct?
is this considered "shorting a stock" ?
buy to open
sell to close
also yeah use limits always to buy and sell.
its up to you if you want to ride.
there is chance that ECB panics and does same thing fed did to backstop other ECB banks.
this could cause reversal ... not sure on this atm
03-15-2023, 09:00 AM
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#2766
03-15-2023, 09:10 AM
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#2767
- thatsnarf
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Originally Posted By Carbonfibre⏩
thx bruhyeah the opposite
buy to open
sell to close
also yeah use limits always to buy and sell.
its up to you if you want to ride.
there is chance that ECB panics and does same thing fed did to backstop other ECB banks.
this could cause reversal ... not sure on this atm
buy to open
sell to close
also yeah use limits always to buy and sell.
its up to you if you want to ride.
there is chance that ECB panics and does same thing fed did to backstop other ECB banks.
this could cause reversal ... not sure on this atm
03-15-2023, 09:27 AM
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#2768
03-15-2023, 09:49 AM
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#2769
- Carbonfibre
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they just broke WTI
crude is crashing now
down 6% on the day
holy phuck
crude is crashing now
down 6% on the day
holy phuck
03-15-2023, 09:49 AM
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#2770
- hardestgainer
- Squats Barefoot
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Anyone else holding options on Adobe ahead of earnings? Stock is at less than half of its record high, I’m guessing it could easily gap either way
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03-15-2023, 09:51 AM
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#2771
03-15-2023, 10:15 AM
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#2772
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the oil move is unreal
mind blown
the safest play getting hammered
mind blown
the safest play getting hammered
03-15-2023, 10:27 AM
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#2773
- Destor
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Just bought a few more shares of Suncor with the spare cash in my RRSP
Tempting af to pull a bunch of money out of the credit line and throw it into the TFSA, 10.69% interest but Suncor is at over 5% dividend yield at current price/payout and then whatever price appreciation may happen in that time. But it feels like if things get worse, valuations across the entire market could crater a lot more and not worth the risk playing with debt right now.
Tempting af to pull a bunch of money out of the credit line and throw it into the TFSA, 10.69% interest but Suncor is at over 5% dividend yield at current price/payout and then whatever price appreciation may happen in that time. But it feels like if things get worse, valuations across the entire market could crater a lot more and not worth the risk playing with debt right now.
03-15-2023, 10:35 AM
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#2774
- RobParks2M
- mad hatter
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Originally Posted By Destor⏩
I panic sold my NYCB for a slight gain. All these banks are interconnected and I don’t know that we’ve seen the full ramifications of all the crap going on just yet. I feel good with sofi since they weren’t a bank when all these other banks were buying low yield bonds. They should weather just fine. I imagine other big banks are fine aside from Wells Fargo who are absolutely cucked with their asset cap.Between 1980 and 1994 during The Great Inflation, more than 1,600 banks went under or received assistance from the FDIC
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-15-2023, 10:53 AM
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#2775
- Carbonfibre
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if crude is going
there is better bottoms to be bought imo
margin calls on crude futures atm.
next week FOMC
might be the most important FOMC since march 2020.
overall market is close to crash it has been since 2020 atm.
bond market is blowing the hell up
there is better bottoms to be bought imo
margin calls on crude futures atm.
next week FOMC
might be the most important FOMC since march 2020.
overall market is close to crash it has been since 2020 atm.
bond market is blowing the hell up
03-15-2023, 10:56 AM
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#2776
Originally Posted By Destor⏩
And we learned nothing or it's by design. Regulate & deregulate cycle no?Between 1980 and 1994 during The Great Inflation, more than 1,600 banks went under or received assistance from the FDIC
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03-15-2023, 11:12 AM
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#2777
- Destor
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^^ Yeah I'm still waiting for the opportunity to get into the growthier stocks lol, that's what I would be looking to do with fresh unencumbered money. Dividend yielders would feel like the safer bet right now with money that costs money, but when we're near the actual bottom I want to be looking at growth.
Inflation is still at 6% though, think there's more to come and this is just part of the process. Banks failing didn't stop the Fed during the '80s and '90s...
Inflation is still at 6% though, think there's more to come and this is just part of the process. Banks failing didn't stop the Fed during the '80s and '90s...
03-15-2023, 11:15 AM
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#2778
- Carbonfibre
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pressure has turned on to Swiss central bank to help Credit Suisse
ala same shiit Fed did to backstop
CS has exposure to bigger banks hence why JPM and other bigger banks had dive today.
tech bros and their obsession with zero interest rate.
they are hooked on zero interest rate ******* and want to burn everything down so Fed turns on printer
phucking clowns.
ala same shiit Fed did to backstop
CS has exposure to bigger banks hence why JPM and other bigger banks had dive today.
tech bros and their obsession with zero interest rate.
they are hooked on zero interest rate ******* and want to burn everything down so Fed turns on printer
phucking clowns.
03-15-2023, 12:04 PM
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#2779
- Destor
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Originally Posted By Carbonfibre⏩
The Fed needs to ignore that chit, it's what's in the news right now but if they conceded I am sure the bears would come out of hibernation and it wouldn't be good for anyone. Immediate loss of confidence, inflation expectations probably skyrocket, etc etcpressure has turned on to Swiss central bank to help Credit Suisse
ala same shiit Fed did to backstop
CS has exposure to bigger banks hence why JPM and other bigger banks had dive today.
tech bros and their obsession with zero interest rate.
they are hooked on zero interest rate ******* and want to burn everything down so Fed turns on printer
phucking clowns.
ala same shiit Fed did to backstop
CS has exposure to bigger banks hence why JPM and other bigger banks had dive today.
tech bros and their obsession with zero interest rate.
they are hooked on zero interest rate ******* and want to burn everything down so Fed turns on printer
phucking clowns.
03-15-2023, 12:09 PM
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#2780
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Destor⏩
They want stock markets down so should be fineThe Fed needs to ignore that chit, it's what's in the news right now but if they conceded I am sure the bears would come out of hibernation and it wouldn't be good for anyone. Immediate loss of confidence, inflation expectations probably skyrocket, etc etc
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-15-2023, 12:15 PM
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#2781
Originally Posted By Destor⏩
So you are saying the Fed is not stopping this month?Between 1980 and 1994 during The Great Inflation, more than 1,600 banks went under or received assistance from the FDIC
I: Self, Lord and Master.
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03-15-2023, 12:26 PM
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#2782
- Destor
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Originally Posted By Abzu⏩
Well I don't recall ever hearing the Fed say bank failures was part of the data they're depending onSo you are saying the Fed is not stopping this month?
Deposits are being backstopped, banks can fail left and right but consumer purchasing power will remain. Inflation is at 6%, maybe this will have an impact on unemployment but it ain't in the data. Former Treasury Secretary Larry Summers thinks the Fed still needs to go to 6%+, Fink thinks we'll be at 3.5-4% inflation for "the next few years".
I think this is part of the process and rates will remain higher for longer, pain is necessary. Who fukn knows tho, this is not investing advice.
03-15-2023, 12:29 PM
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#2783
Originally Posted By Destor⏩
I think we all know based on last conversations that admitting we're in recession was going to take a long time. I just didn't think it'd be this long to finally see it unwind. I thought the buying opportunity would be a year ago.^^ Yeah I'm still waiting for the opportunity to get into the growthier stocks lol, that's what I would be looking to do with fresh unencumbered money. Dividend yielders would feel like the safer bet right now with money that costs money, but when we're near the actual bottom I want to be looking at growth.
Inflation is still at 6% though, think there's more to come and this is just part of the process. Banks failing didn't stop the Fed during the '80s and '90s...
Inflation is still at 6% though, think there's more to come and this is just part of the process. Banks failing didn't stop the Fed during the '80s and '90s...
I'm keeping my cash in cap one at 3.4% for now, but the dividend approach should be solid. Utilities and real-estate, but I see real-estate continue to decline.
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03-15-2023, 12:35 PM
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#2784
- Destor
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Originally Posted By _zman⏩
Same here man, this is way more drawn out than I imagined tooI think we all know based on last conversations that admitting we're in recession was going to take a long time. I just didn't think it'd be this long to finally see it unwind. I thought the buying opportunity would be a year ago.
I'm keeping my cash in cap one at 3.4% for now, but the dividend approach should be solid. Utilities and real-estate, but I see real-estate continue to decline.
I'm keeping my cash in cap one at 3.4% for now, but the dividend approach should be solid. Utilities and real-estate, but I see real-estate continue to decline.
03-15-2023, 12:40 PM
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#2785
Originally Posted By Destor⏩
I agree with you, you had a post talking about when to expect a bottom in the market a long time ago, I agree with that too.Well I don't recall ever hearing the Fed say bank failures was part of the data they're depending on
Deposits are being backstopped, banks can fail left and right but consumer purchasing power will remain. Inflation is at 6%, maybe this will have an impact on unemployment but it ain't in the data. Former Treasury Secretary Larry Summers thinks the Fed still needs to go to 6%+, Fink thinks we'll be at 3.5-4% inflation for "the next few years".
I think this is part of the process and rates will remain higher for longer, pain is necessary. Who fukn knows tho, this is not investing advice.
Deposits are being backstopped, banks can fail left and right but consumer purchasing power will remain. Inflation is at 6%, maybe this will have an impact on unemployment but it ain't in the data. Former Treasury Secretary Larry Summers thinks the Fed still needs to go to 6%+, Fink thinks we'll be at 3.5-4% inflation for "the next few years".
I think this is part of the process and rates will remain higher for longer, pain is necessary. Who fukn knows tho, this is not investing advice.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
03-15-2023, 12:44 PM
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#2786
- Carbonfibre
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Swiss regulators blinked already.
Announcement coming looks like in few hours.
Here comes another backstop.
They are putting brush fires out left and right.
Hard to argue atm that central banks are just buying time here.
Record rate cutting and held them down too long
Crazy rate hiking to fix mistake.
Than something went boom / the thing that nobody expected would go boom regional banks.
Pure risk mismanagement from tech clowns needing zero interest rates.
Announcement coming looks like in few hours.
Here comes another backstop.
They are putting brush fires out left and right.
Hard to argue atm that central banks are just buying time here.
Record rate cutting and held them down too long
Crazy rate hiking to fix mistake.
Than something went boom / the thing that nobody expected would go boom regional banks.
Pure risk mismanagement from tech clowns needing zero interest rates.
03-15-2023, 01:27 PM
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#2787
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Carbonfibre⏩
Tempted to buy Wells Fargo puts… they suckSwiss regulators blinked already.
Announcement coming looks like in few hours.
Here comes another backstop.
They are putting brush fires out left and right.
Hard to argue atm that central banks are just buying time here.
Record rate cutting and held them down too long
Crazy rate hiking to fix mistake.
Than something went boom / the thing that nobody expected would go boom regional banks.
Pure risk mismanagement from tech clowns needing zero interest rates.
Announcement coming looks like in few hours.
Here comes another backstop.
They are putting brush fires out left and right.
Hard to argue atm that central banks are just buying time here.
Record rate cutting and held them down too long
Crazy rate hiking to fix mistake.
Than something went boom / the thing that nobody expected would go boom regional banks.
Pure risk mismanagement from tech clowns needing zero interest rates.

Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-15-2023, 01:42 PM
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#2788
- Carbonfibre
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- Carbonfibre
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Originally Posted By RobParks2M⏩
If I learned anything since last week.Tempted to buy Wells Fargo puts… they suck

When shiit starts hitting fan.
They all run to the bank named Apple.
Safety play is Apple now lmao.
03-15-2023, 02:21 PM
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#2789
- Destor
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It's actually crazy that Apple is still trading not far off from its ATH at a $2.4trillion valuation
Imagine being in Saudi Arabia with Aramco pulling a $161billion profit and the population there is only 36million people, they'll start buying up gold just to pave the streets with it
Imagine being in Saudi Arabia with Aramco pulling a $161billion profit and the population there is only 36million people, they'll start buying up gold just to pave the streets with it
03-15-2023, 07:14 PM
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#2790
- Carbonfibre
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There we go futures now positive.
Swiss version of bailout.
https://www.credit-suisse.com/about-...nt-202303.html
Unrelated Warren is like discount on OXY.
"Berkshire Hathaway Buys 7.9 Million Occidental Shares"
Think they are slowly going for complete takeover with OXY.
What else could it be?
They own 30% of float I think now.
Swiss version of bailout.
https://www.credit-suisse.com/about-...nt-202303.html
Unrelated Warren is like discount on OXY.
"Berkshire Hathaway Buys 7.9 Million Occidental Shares"
Think they are slowly going for complete takeover with OXY.
What else could it be?
They own 30% of float I think now.
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oil dropped below $70