Oso planning to go pro
My thought isn’t so much “DEMS BAD FOR BUSINESS”, more that the market is very overheated and has been for awhile. Trump and Co pulling every lever to get the market as high as possible, cause they were hanging there hat on it. IMO, it won’t take all that much to deflate that. So it doesn’t even have to be wildly broad reaching legislative change as much as slowing some of the last few years of administrative direction and eyes towards some further change.
OK Scoopvestors, so what are your top picks for 2021?
This, and since the levers have all been pulled, there are no more to be pulled.
Can anyone ELI5 modern monetary theory?
Basically governments fully control their own currency and can print it freely, spending doesn’t need to be constrained by balancing revenues with expenditures, cause they have a monopoly on the currency. Aka “how are we going to pay for it” no longer matters. Inflation isn’t a concern or is viewed as “we’ll deal with it when it happens”
Anyone have a bunch of SIGL before Musk confused the market and inadvertently sent it into the stratosphere?https://www.cnbc.com/2021/01/11/signal-advance-jumps-another-438percent-after-elon-musk-fueled-buying-frenzy.html
I'm no Musk fan, but the market acted irrationally and people did NO due diligence. His comments were not the source of confusion, stupid investors were the cause of confusion.But sadly no, I didn't own any SIGL, and probably wouldn't have ever based on my limited research of them
This is my favorite thing in a long time.https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/Also, at 11am they had pushed it to 159
WSB is going to lead to financial ruin for quite a few people. But it’s entertaining as hell in the meantimeAnd I mean actual financial ruin. That sub Reddit is littered with people using credit cards and other loan instruments to fund their plays. In the midst of a funny money market run where you can close your eyes and throw a dart and hit a 10-20% stock gain. That’s not to mention people using margin on RobinHood without any clue how it works.GME went to 160...then dropped to 80. I’d bet dollars to donuts it’s sub 50 by February.
You should short it.
Or go long puts, 3+ months out.
Everything is so juiced. April $45Ps are $16. That’s insanity, the IV is out of a control. The stock takes a 50% haircut and you are still very red on those puts. Just not worth playing outside of commons right now.
Agreed, I took a look as well and just can't stomach the premiums.
Welp, changed my mind and went long the 2/19 30's with the stock at 114. We shall see.
Ha ha, should have waited another 10 minutes before pulling the trigger
Oh my god, this market is insane. I bought puts at $230/contract with the stock at 114, and sold for a profit at $260/contract even though the stock was at 144. Makes absolutely no sense whatsoever.When I saw that the stock had spiked, I was actually going back in to double down, but then I saw the put prices had actually risen I took my profit and got the hell out.
Yea the IV levels are batty when you get a stock moving like this and a few months out. I remember I once had GOOGL calls for earnings, probably 6-7 weeks out. The stock dropped $25 one day and my calls actually ended up increasing in value that day If GME opens up near 225-250, I’m gonna have a HARD time not grabbing puts