Investing General Discussion

Sanrith Descartes · May 13, 2022

edit: looks like the Cramer thing is a fake.

Tinycoffin · May 13, 2022

Tinycoffin · May 13, 2022

risk on

Sanrith Descartes · May 13, 2022

Serious question to those who do options. I am in the green on my PLTR June Puts. Im considering closing them out for a couple of bucks profit and then going back in when today's rally dies in the next few hours/days.

Blazin

Jysin

Fogel etc, thoughts?

Zzen · May 13, 2022

Jimmy Chill should be in jail. Change my mind.

Tinycoffin said:
risk on

And BTC is taking a shit. You hate to see it.

Sanrith Descartes · May 13, 2022

The 3:30pm sell-off in progress. 6 straight red candles of nice volume on the QQQ

Big Phoenix · May 13, 2022

Tinycoffin said:
View attachment 412330

Officially the bottom?

Lightning Lord Rule · May 13, 2022

Did

Blazin call the bottom AGAIN yesterday?? Tune in next week to find out!

If so, this pretty well tracks with his earlier prediction of the month of May leading back to a mid-point in the indexes where the trend will break up or down. Something like 430 SPY maybe? If we get back to 370 QQQ again, I'm definitely selling a chunk of it again for a solid gain. /fingerscrossed

Kirun · May 13, 2022

Gravel said:
Seems weird to say the economy isn't impacted. We've had plenty of people here talking about how the supply chain is fucking their business.

It's only not impacting it if you buy into the bullshit numbers the administration puts out about how amazing everything is. Otherwise it's actually a giant shit show.

The supply chain itself isn't necessarily in that bad of shape. Sure, the demand for services left in a hurry and there was a massive spike in demand for durables thanks to China Virus. But, the "supply chain" is only threatened because of the fuck-fuck games being played by China(needlessly closing ports to constrict supply), freight forwarders, and carriers.

There are definitely some issues domestically with labor that are impacting it, but it's mostly the above 3.

Mist · May 13, 2022

Kirun said:
But, the "supply chain" is only threatened because of the fuck-fuck games being played by China(needlessly closing ports to constrict supply), freight forwarders, and carriers.

We put a 25% tariff on nearly all of their goods, why would they not fuck with us back?

We wanted a tapering back of globalism, to raise demand for American labor, to raise demand for domestic producers. That it has a second order effect of raising wages and prices is a given. Globalism is what made shit cheap. If you want the end of globalism you want the end of cheap shit.

Creslin · May 13, 2022

I still think this is a bear market rally, JP doesn't want a crash straight down so he will talk a little dovish and let the bounce happen but any bounce reinforces his thinking that further rate hikes are needed which will fuel even steeper declines in equities.

China is not locking down because they want to fuck with us, they are locking down because they are retarded and the local officials in these places can't be DeSantis who just does what he thinks is right, you win points in communism for being the most concerned person about any issue and your answer is always more govt intervention.

Falstaff · May 13, 2022

Sanrith Descartes said:
How funny would it be if Musk put the "deal on hold" to crash the price so his friends/other investors could scoop up big positions on the cheap and give them institutional control.

Securities fraud… hilarious stuff!

Sanrith Descartes · May 13, 2022

Falstaff said:
Securities fraud… hilarious stuff!

Or just another day on Wall Street.

Sanrith Descartes · May 13, 2022

Shot across the bow?

Arden · May 14, 2022

Any guesses on what Musk is trying to pull? From what I understand he would be exposed to a super costly lawsuit if he tried to walk away from the deal at this point. Maybe he's trying to walk away and use the "they lied in their public filings" excuse as a preformulated defense for the inevitable lawsuit?

Edaw · May 14, 2022

Arden said:
Any guesses on what Musk is trying to pull? From what I understand he would be exposed to a super costly lawsuit if he tried to walk away from the deal at this point. Maybe he's trying to walk away and use the "they lied in their public filings" excuse as a preformulated defense for the inevitable lawsuit?

Kicking the tires.

Wingz · May 14, 2022

Sanrith Descartes said:
Shot across the bow?

Captain Suave · May 14, 2022

Arden said:
From what I understand he would be exposed to a super costly lawsuit if he tried to walk away from the deal at this point

They were saying on the news that at this stage in the deal there's a $1B penalty clause if he walks away.

Arden · May 14, 2022

Captain Suave said:
They were saying on the news that at this stage in the deal there's a $1B penalty clause if he walks away.

What I read was that it was going to be way more than 1B because he would be subject to a lawsuit.

Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee

Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.

www.cnbc.com

TJT · May 14, 2022

I don't think he's going to walkaway, this is all just standard posturing for negotiation.

Twitter understates their bot counts and you argue a bit and shave $1B off the pricetag? That is what they are going for.

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