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| Off Topic This section may contain threads that are NSFW. This section is given a bit of leeway on some of the rules and so you may see some mild language and even some risqué images. Please no threads about race, religion, politics, or sexual orientation. Please no self promotion, sign up, or fundraising threads. |
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#3351 |
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Member
Join Date: Dec 2010
Location: Michigan
Posts: 10,051
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Lol can’t say I’m surprised
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#3352 |
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Member
Join Date: Jul 2013
Posts: 34,438
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#3353 |
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Member
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Heads you lose, tails you lose.
Welcome to the recession folks!
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It is my legal right to freely profit from the notoriety of people who are actively suffering and possibly even dying and for a few hundred dollars I will gladly seek to maximize those profits. |
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#3354 |
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Banned
Join Date: Jan 2014
Posts: 12,617
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Buy oil and short tech was not complicated.
You laugh at people buying psa 10 base cards but you are doing the same thing. lol |
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#3355 |
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Member
Join Date: Feb 2009
Posts: 3,348
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#3356 |
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Banned
Join Date: Jan 2014
Posts: 12,617
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#3357 |
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Thought as ATVI headed under the $75 mark the reward outweighed the risk at the $95 buyout price with a higher chance of success than failure. With Buffett's announcement yesterday guessing some of the former gets shifted.
Haven't bothered with TWTR but still very interested here.
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@xxbignick on twitter |
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#3358 |
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Banned
Join Date: Jan 2014
Posts: 12,617
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lyft and uber getting destroyed as should.
Crazy how fast covid boom prices get erased. |
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#3359 |
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Member
Join Date: Dec 2010
Location: Michigan
Posts: 10,051
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A financial advisor I know told me to check out cruise stocks becuase bookings are just about full and they should be profitable again, soon.
He referenced the stock price prior to Covid and that there is a lot of room to get back up there. He didn’t realize that most of the companies took on a bunch of debt or that they diluted the hell out of shareholders to stay afloat. I was a little flabbergasted. I know he always has a long term view on everything but ewwwww.
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#3360 | |
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Member
Join Date: Apr 2019
Posts: 5,113
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Quote:
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https://gallery.us175.com/ ![]() https://inv.us175.com/wantlist |
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#3361 |
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Member
Join Date: Aug 2017
Posts: 41,340
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Probably a dead cat bounce, but I think there’s room to run here. Trimmed some TJX and now at 36% cash. Heavy TSLA and lighter AAPL and TJX. Just 0.1% off my ATH at the end of 2021.
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I love PSA! |
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#3362 | |
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Member
Join Date: Jul 2013
Posts: 34,438
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Quote:
Those balance sheets suck. He might be right, but stock and/or sector picking is out of his lane. |
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#3363 | |
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Member
Join Date: Dec 2010
Location: Michigan
Posts: 10,051
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Quote:
I guess I figured he would have more knowledge/discipline with individual stocks. I know he tells his clients what his company tells him. He has even said his job is 90% psychology and getting people to stay in the market in times like this. I know you know this, but I’ll throw it out there incase anyone here doesn’t realize how the dilution works. He used an example of NCLH. Stock was ~$55 pre Covid with 213,082,000 shares outstanding ~11B Mkt cap. Now $19.59 with 416,892,000 or a ~8B not cap. Double the outstanding shares. That sucker isn’t getting back to the $55 share price pre Covid. Not only have shareholders been diluted but the stock has lost over half its value and still won’t turn a profit this year. Quick ratio isn’t even above 1. If I could insert a poop emoji it would be next to this balance sheet.
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#3364 |
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Member
Join Date: Aug 2017
Posts: 41,340
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Definitely did not run. LOL.
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I love PSA! |
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#3366 |
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Not the best timing but looking at the choices I was considering for my pick:
CPNG -57% (this was suppose to be fun) BRK/B +5.98% (should have played it safe) AMZN -31% DIS -28%
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@xxbignick on twitter |
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#3367 |
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Banned
Join Date: Jan 2014
Posts: 12,617
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You guys still buying your base cards ummm I mean tech stocks...
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#3369 |
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Member
Join Date: Jan 2011
Location: Queens, New York
Posts: 3,133
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HAHA - Like one analyst said on CNBC - as a long term investor, just gotta sit tight and take a punch in the face at this point!
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http://s1107.photobucket.com/albums/h381/ChekenCollection/ |
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#3370 | |
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Member
Join Date: Jul 2013
Posts: 34,438
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Quote:
Today is nasty. Hopefully people saw yesterday for what it was. It was a chance to get even or make a few bucks and sell out. 10 year is at 3% this afternoon. |
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#3371 |
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Member
Join Date: Jul 2013
Posts: 34,438
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#3372 |
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Member
Join Date: Mar 2012
Location: Meandering the matrix code that the hobby/forum overlords spit out
Posts: 17,816
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I need to learn about this world of options, puts, etc.
Watching my 401K balance flatlining for 6 months is kinda meh. Makes me want to just stop contributing while the blue shirts are in office and take the extra cash and buy more cardboard, or a vacation
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@shortslabs I'VE WITNESSED HOW THE SAUSAGE IS MADE HERE...IT'S ROTTEN
https://www.youtube.com/c/TylerShort |
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