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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
07-24-2024, 08:01 AM
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#6271
07-24-2024, 08:26 AM
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#6272
- Destor
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- Destor
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Companies are reporting good earnings but valuations are always forward-looking and seems people are expecting things to get worse.
Tesla didn’t beat expectations though, $0.52 per share vs $0.62 expected and that was with a huge surge in regulatory credit revenue (but offset by higher restructuring costs).
Tesla’s valuation hinges entirely on stuff like Robotaxi though. If you don’t believe Tesla will hit a home run with Robotaxi, it would be wise to follow Elon’s recommendation and not invest.
I think Robotaxi will turn out to be a big flop in terms of earnings along with a lot of the AI spending, it’s looking more and more like many billions spent for very little ROI until who knows when.
Tesla didn’t beat expectations though, $0.52 per share vs $0.62 expected and that was with a huge surge in regulatory credit revenue (but offset by higher restructuring costs).
Tesla’s valuation hinges entirely on stuff like Robotaxi though. If you don’t believe Tesla will hit a home run with Robotaxi, it would be wise to follow Elon’s recommendation and not invest.
I think Robotaxi will turn out to be a big flop in terms of earnings along with a lot of the AI spending, it’s looking more and more like many billions spent for very little ROI until who knows when.
07-24-2024, 09:31 AM
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#6273
07-24-2024, 09:35 AM
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#6274
07-24-2024, 10:45 AM
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#6275
07-24-2024, 10:59 AM
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#6276
- dopamine72
- Endorphin Junkie
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- dopamine72
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Most my port been down in a day since the start of the year..2.3%
How gaped is everyone getting?
How gaped is everyone getting?
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
07-24-2024, 11:05 AM
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#6277
- SipNPiz
- 2 B Tan is 2 B Glorious!
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- SipNPiz
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Originally Posted By dopamine72⏩
I’m up 0.01% today lulz I’m not in tech thoMost my port been down in a day since the start of the year..2.3%
How gaped is everyone getting?
How gaped is everyone getting?
YTD I’m up 3.3%
STEM Wagie Brah
Oil/commodity based trader
07-24-2024, 11:30 AM
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#6278
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By Lefticle⏩
Nice little tax write-off.Brutal day for tech
07-24-2024, 11:40 AM
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#6279
07-24-2024, 12:22 PM
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#6280
- BuckNakedinBama
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- BuckNakedinBama
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Glad I kept cost averaging my SQQQ position as it went down. Nice 10% bump today.
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07-24-2024, 12:58 PM
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#6281
- heiltrump2024
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- heiltrump2024
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why's the market going down?
07-24-2024, 01:06 PM
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#6282
- BuckNakedinBama
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- BuckNakedinBama
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Originally Posted By heiltrump2024⏩
Tesla and Google missed estimates. Flashing red lights of consumer slowing down are getting brighter.why's the market going down?
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07-24-2024, 01:22 PM
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#6283
- heiltrump2024
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- heiltrump2024
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Originally Posted By BuckNakedinBama⏩
so is the trend moving away from tech and more towards growth and commodities?Tesla and Google missed estimates. Flashing red lights of consumer slowing down are getting brighter.
07-24-2024, 01:23 PM
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#6284
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By dopamine72⏩
Not very but I’ve missed the bigger parts of the rally in tech. Cover my TLT $95 CCs and swapping back to $90 CSP. Sold 2 9/20/24 $90 CSP for $1.34Most my port been down in a day since the start of the year..2.3%
How gaped is everyone getting?
How gaped is everyone getting?
Seems like free money when we know yields won’t be rising as economy slows and fed is getting closer to dropping rates. Like always if I get buried on it I’ll take assignment or maybe roll. Still holding my shares even though that was probably a mistake. Ill have to recalculate what I’ve earned on those shares between market gain, interest earned, and CC premiums.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
07-24-2024, 02:24 PM
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#6285
- heiltrump2024
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- heiltrump2024
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has anyone seen that webull is offering 8% APY on cash for 180 days? i'm with laurel road earning 5.15%, thinking of moving but not sure if webull is safe, it's a chinese company. apparently they have $1.25M in FDIC insurance so.. seems legit
07-24-2024, 02:35 PM
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#6286

Not sure if I mentioned CMG earlier in this thread but I'm holding calls on it =] feeling like Charlie Sheen right now lol


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."
07-24-2024, 06:45 PM
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#6287
Originally Posted By heiltrump2024⏩
I have a Webull portfolio, I was under the impression they give 5%, and then if you use their card, then you get another 3%, which I guess adds up to eight lolhas anyone seen that webull is offering 8% APY on cash for 180 days? i'm with laurel road earning 5.15%, thinking of moving but not sure if webull is safe, it's a chinese company. apparently they have $1.25M in FDIC insurance so.. seems legit
07-24-2024, 06:58 PM
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#6288
- heiltrump2024
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- heiltrump2024
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Originally Posted By kusok⏩
there is a targeted offer for people to get 8% apy if they deposit more than $50k in a new cash management accountI have a Webull portfolio, I was under the impression they give 5%, and then if you use their card, then you get another 3%, which I guess adds up to eight lol
07-24-2024, 07:32 PM
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#6289
- friesbruh
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- friesbruh
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todays market went in raw w/no lube
dasnotitmane.
dasnotitmane.
Bills crew / Bud Light crew / extra onion crew / M&P crew / lcp2 crew / ap3 crew / Trump crew / mcdonalds app crew / cat-owner crew / Tin Cup crew / self-checkout crew / country music crew / RIP snails crew / 214CE crew
07-24-2024, 07:47 PM
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#6290
- RobParks2M
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- RobParks2M
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Originally Posted By friesbruh⏩
I was pretty flat. I sold 18 more Kr $60 calls today down from peak of 42 options to 18. Average price was $40 and I think average sale was $70 or so. Pretty happy with that averaging down did wonders for that trade. I started buying at like $1.20 I think lmao. Last buys were at $25 I think. 17 $55c I’ve got average price of $80 are around $2.20 now. I think my plan is to keep selling the $60c and buy longer dated to replace them. I might also do some poor Man’s covered calls and sell some $60 CCs against my $55C and hope by October the shares sit around $59 or $60. Helps cover the theta burn regardless.todays market went in raw w/no lube
dasnotitmane.
dasnotitmane.
@Abuzu I know you didn’t enjoy my use of a Yellowstone quote, but really just the first chance I’ve had to use it since I watched that episode lmao.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
07-24-2024, 09:52 PM
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#6291
07-25-2024, 08:33 AM
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#6292
- MountainLion84
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- MountainLion84
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Originally Posted By Lefticle⏩
Don’t worry bebe, just apply some Prep H and hold onOuch
My angus ☹️
My angus ☹️
07-25-2024, 08:37 AM
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#6293
- bsmit107
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- bsmit107
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Yea, what's going on?
Is this a "thanks for the discount, Ill just scoop up some more shares" drop..........or is it a "buckle up buttercup, we finna have a hard reset" drop?
A months worth of gains was lost out in 2 days.
Is this a "thanks for the discount, Ill just scoop up some more shares" drop..........or is it a "buckle up buttercup, we finna have a hard reset" drop?
A months worth of gains was lost out in 2 days.
07-25-2024, 08:48 AM
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#6294
- BuckNakedinBama
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- BuckNakedinBama
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Originally Posted By bsmit107⏩
That's the trillion dollar question.Yea, what's going on?
Is this a "thanks for the discount, Ill just scoop up some more shares" drop..........or is it a "buckle up buttercup, we finna have a hard reset" drop?
A months worth of gains was lost out in 2 days.
Is this a "thanks for the discount, Ill just scoop up some more shares" drop..........or is it a "buckle up buttercup, we finna have a hard reset" drop?
A months worth of gains was lost out in 2 days.
Nearly every company is missing earnings. Unless p/e multiples expand (due to hopes of lower rates, primarily), prices will be pushed down.
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07-25-2024, 08:58 AM
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#6295
- Destor
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- Destor
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Originally Posted By MountainLion84⏩
Preparation HodlDon’t worry bebe, just apply some Prep H and hold on
The market will likely come down as rate cuts arrive to stimulate back up a struggling economy but that operate with long and variable lags, Canada has two 0.25 rate cuts under its belt now.
Scope out my stonk-funded basement in progress brahs, beams were just stained yesterday (fuark)
Spoiler!



07-25-2024, 09:21 AM
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#6296
07-25-2024, 10:33 AM
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#6297
Super busy day.
Originally Posted By RobParks2M⏩
We're good <3 congrats on your KR trade and it's good to see you are not a pig lol.I was pretty flat. I sold 18 more Kr $60 calls today down from peak of 42 options to 18. Average price was $40 and I think average sale was $70 or so. Pretty happy with that averaging down did wonders for that trade. I started buying at like $1.20 I think lmao. Last buys were at $25 I think. 17 $55c I’ve got average price of $80 are around $2.20 now. I think my plan is to keep selling the $60c and buy longer dated to replace them. I might also do some poor Man’s covered calls and sell some $60 CCs against my $55C and hope by October the shares sit around $59 or $60. Helps cover the theta burn regardless.
@Abuzu I know you didn’t enjoy my use of a Yellowstone quote, but really just the first chance I’ve had to use it since I watched that episode lmao.
@Abuzu I know you didn’t enjoy my use of a Yellowstone quote, but really just the first chance I’ve had to use it since I watched that episode lmao.
Originally Posted By Abzu⏩
Not sure if I mentioned CMG earlier in this thread but I'm holding calls on it =] feeling like Charlie Sheen right now lol

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."
07-25-2024, 10:36 AM
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#6298
Originally Posted By stockbruh⏩
You are excused sir lol it wasn't me but I was holding puts on it before this big run up today =[ I dbled up today with plans for 1 more buy.Excuse my language but who is the retard in here who told me ASTS was a **** stock it went from 9$ to 16$ unbelievable
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."
07-25-2024, 10:38 AM
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#6299
- Lefticle
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- Lefticle
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Originally Posted By heiltrump2024⏩
By "growth" do you mean small/mid cap?so is the trend moving away from tech and more towardsgrowth[ and commodities?
Originally Posted By bsmit107⏩
Well it's bounced back a little. I have a hard time believing we'll have a huge drop. There's a lot of liquidity out there.Yea, what's going on?
Is this a "thanks for the discount, Ill just scoop up some more shares" drop..........or is it a "buckle up buttercup, we finna have a hard reset" drop?
A months worth of gains was lost out in 2 days.
Is this a "thanks for the discount, Ill just scoop up some more shares" drop..........or is it a "buckle up buttercup, we finna have a hard reset" drop?
A months worth of gains was lost out in 2 days.
Always Neg Back Crew.
07-25-2024, 11:21 AM
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#6300
- Destor
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- Destor
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The US market seems to be pricing in both great economic performance and also optimism around rate cuts, 6-7 rate cuts over the next 12 months
Almost certainly not gonna happen
Almost certainly not gonna happen
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