Investing General Discussion

  • Guest, it's time once again for the hotly contested and exciting FoH Asshat Tournament!



    Go here and fill out your bracket!
    Who's been the biggest Asshat in the last year? Once again, only you can decide!

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
Well I sold out my AMZN position from my sofi fun money account, get ready for the double beat.
Season 7 Reaction GIF by The Office
 
  • 1Worf
Reactions: 1 user

Tmac

Adventurer
<Gold Donor>
9,202
15,633
My IRA's are like -2% still, but my individual account NEEDS MOAR JUICE:

Capture.PNG
 
  • 1Like
Reactions: 1 user

Ranak

Molten Core Raider
214
382
I finally got back into the green on my ROKU today. The same stock I did not sell at $450, $400, $350, $300, $250, $200, $150, or even $100. Luckily, I doubled down and bought 15 more shares in the low $40s late last year. I suck at picking stocks and should stick to my VTSAX etc., but just can't do it.
 
  • 2Tendies
  • 2Like
Reactions: 3 users

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
I don't short anymore. Shorts can actually get fucked.

I took a day trade and stupidly averaged up because I thought that was a move.

But no. Averaging up in short term trading is fucking stupid.
Ok. You are not an imposter. You are the actual Moglyzoke.
 
  • 1Worf
Reactions: 1 user

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
How bad of an idea is it to buy the big afterhours dip here? Seems tempting.
2-year chart. Its in a zone of lots of support/resistance and it ran up a ton during the regular session. I own it and like it long term. That said, I dont buy this dip. $93-95 is a better entry point in my opinion.

1675372632273.png
 
  • 2Like
Reactions: 1 users

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
Two Long Strangle ideas for earnings tonight after the bell. If you think AAPL/GOOGL will move 5% in either direction on earnings after the bell. This expires tomorrow at the close so its a one move and out.

AAPL
Buy the 142 put expiring tomorrow for 63 cents
Buy the 157.5 call expiring tomorrow for 72 cents
Looks for a 5% move in either direction. Total cost is $135 per contract

GOOGL
Buy the 101 put expiring tomorrow for 89 cents
Buy the 112 call expiring tomorrow for $1.50
Looks for a 5% move in either direction. Total cost is $239 per contract
If you bought the GOOGL strangle above you are making some green.
 

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,351
107,244
AAPL double miss. Thats gonna leave a mark and not what this short rally needed.

 
  • 2Launch Fail
Reactions: 1 users

Jysin

Ahn'Qiraj Raider
6,258
3,964
Apple shouldnt have been a surprise to anyone paying attention. They had repeated warnings of supply chain issues linked to China shutdowns, coupled with the fact they pushed their MacBook Pro model release from Q4 into Q1 2023. There are quite a few positive tidbits in the release though, so I would expect dip buyers.
 
  • 5Like
Reactions: 4 users