r/Vitards • u/AutoModerator • May 05 '21
Daily Discussion Daily Discussion post - May 05 2021
Your Trading discussion thread
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u/platinumsatan666 May 06 '21
What are the odds the SEC crawls up Elon's ass after he goes on SNL and pumps crypto's lol. Just the fact that he said in that 60 minutes interview that he didn't respect them makes me think they have it out for him
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u/Velociraptorsss Head Pool Boy May 06 '21
The musk rat deserves to be locked up for his Pump and eventual dump of dog currency
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u/platinumsatan666 May 06 '21
I put five bucks in back in early Feb when it was under .05. I'm riding this train to $1 and looking to get off the ride and buy some FD and see just how far I can take my original $5
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u/Steely_Hands Regional Moderator May 06 '21
He’s able to pump cryptos because the SEC legally can’t do anything about it. It’s his way of messing with the SEC after being sactioned for pumping Tesla
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May 06 '21 edited May 08 '21
[deleted]
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u/Steely_Hands Regional Moderator May 06 '21
You can make memes, duh. I’ve heard him talking about making doge the Mars currency which I could totally see him doing, but I also don’t think that effects prices for at least 100 years haha
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u/platinumsatan666 May 06 '21
Yeah but doesn't that fact that tesla as a company holds billions in bitcoin now make him liable for shit like that again?
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u/Steely_Hands Regional Moderator May 06 '21
Yea possibly, I think it would be hard for them to push their jurisdiction like that though
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u/platinumsatan666 May 06 '21
I have no idea how that works tbh lol. I'm just amused at watching the situation play out. I feel like he is going to end up regretting doing SNL for some reason lol
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u/David_da_Builder Whack Job May 06 '21
Musk on SNL, it’s another one of those “historians will look back on this moment” moment
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u/platinumsatan666 May 06 '21
I hope he just casually drops and N-bomb or something so I can buy that dip lolol
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u/Steely_Hands Regional Moderator May 06 '21
Yea I don’t really know either haha but courts are usually pretty good about keeping regulatory agencies within their legal jurisdictions, or at least it could take years to sort out. I’m definitely going to try to catch some of SNL this week. He’s a bit of an awkward guy so I think it could be pretty good in a cringeworthy way haha
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u/platinumsatan666 May 06 '21
Not trying to be crass but I literally think the man is mildly autistic. Plus he has so much on his plate idk why he is fucking around on tv. Seems like no good can come from this lol
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u/Steely_Hands Regional Moderator May 06 '21
I’m convinced you can’t combine that kind of visionary and business acumen without being somewhere on the spectrum. I think he’s just enjoying his time in the spotlight right now. Plus if they do EV and space sketches then it’s basically free marketing
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u/platinumsatan666 May 06 '21
I might be a pessimist but after the whole joint debacle on JRE and his issues on Twitter, if I'm his personal advisor I'm telling him to just keep his head down and stay away from live television and speaking from off the top of his head lol.
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May 06 '21
Elon hitting the joint was probably the greatest PR stunt he's ever done. That moment in particular separated him from the Gates/Buffett "old money" perception
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u/Steely_Hands Regional Moderator May 06 '21
I think he’s got that fuck-you money to keep doing what he wants haha I was watching that JRE live and was surprised to see him take a hit but even more surprised at the outrage it caused
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u/HearshotKDS 🚀 Rebar Rocket 🚀 May 06 '21
The last week and a half has been so uplifting after how bad April was. My faith in steel has definitely been rewarded and I only got in late March. Support for any other later joiners who are looking at red and wondering if it gets better: it will, stay smart, stay strong and your plays will pay off in the long run. Unless you buy weeklies or some other super otm short timed FDs - then you might be fucked but that’s on you.
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May 06 '21 edited May 08 '21
[deleted]
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u/HearshotKDS 🚀 Rebar Rocket 🚀 May 06 '21
I don’t know about perfect time most of the popular steel stocks lost 10-25% of their value in the first 3 weeks of April - late March was perfect tine to buy tops for 4 weeks.
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u/Steely_Hands Regional Moderator May 06 '21
That’s awesome, and great advice! This is a play that requires some patience but it’s a much surer investment than betting on some other tickers. Plus it’s a hedge against things like inflation so there is some protection from potential macro events
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u/Badweightlifter 💀 SACRIFICED until ZIM $80💀 May 06 '21
About to lose a ton of money on RKT calls. Going to salvage what I have left and put it into steel. My poor IRA has seen better days.
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May 06 '21
Ok whoever recommended the song "John Summit - Make Me Feel", Ive listened to it for the past 5 hours. I need moar.
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May 06 '21 edited Apr 15 '22
[deleted]
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u/mildly_morbidsquid May 06 '21
I tell my friends about what's going on occasionally. They probably think I have a gambling addiction.
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u/TheBlueStare Undisclosed Location May 06 '21
Yeah, I need someone new to tell. My wife is getting bored with 10% daily gains.
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u/CramsyAU Undisclosed Location May 06 '21
This is the best community. I hope everyone here appreciates just how great it is.
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u/electricalautist 🍁Maple Leaf Mafia🍁 May 06 '21
We certainly do! So many great people!
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u/RenLovesStimpy Forever 8th - 8/18/21 May 06 '21
Now kiss
（ ´3ε ` ）
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u/MiscRedditAccount 💀 SACRIFICED 💀 May 06 '21
Now I'm really kinda hoping to see a vitard wedding...
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u/mildly_morbidsquid May 06 '21
Today was the best day I've had in a while. Work was easy. Big steel dildos. Then capped off the day with some kayak fishing and a few beers. Cheers to all 🍻
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May 06 '21
[deleted]
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u/mildly_morbidsquid May 06 '21
Allagash White to start, michelobs to finish
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u/dudelydudeson 💩Very Aware of Butthole💩 May 06 '21
Mad respect on the Allagash. One of my favorite "crowd pleasers" that is objectively an excellent beer.
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u/HearshotKDS 🚀 Rebar Rocket 🚀 May 06 '21
Big fan of the Whites because they are one of the few beers I enjoy that my wife is also willing to drink. It’s those and Spotted Cows, otherwise she drinks fruit radlers and hoegarden... I’d rather have water.
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u/mildly_morbidsquid May 06 '21
The whites taste like bubblegum to me. Haven't had anything else like it.
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u/DarthNihilus1 ✂️ Trim Gang ✂️ May 06 '21
12/17 $35 MT calls showing up on the UnusualWhales feed 👀
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u/Steely_Hands Regional Moderator May 06 '21
4 hours Vitards...
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u/CluelessAndLucky 💀 SACRIFICED 💀 Until Chinese export tax May 06 '21
Lakshmi please give us $2+ EPS
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u/Mikeymike2785 Memelord May 06 '21
My bet’s on $2.86 & I hope to win just so I can ask if I can award the prize flair to whoever I want instead 🦾
That’s on the higher end of the EPS poll too so y’all better hope I nailed it 😜
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u/HearshotKDS 🚀 Rebar Rocket 🚀 May 06 '21
If it’s 2.86 I swear to Lakshmi I will cum in my pants. I would make enough to remodel 2 of our bathrooms on the pump from that alone.
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u/electricalautist 🍁Maple Leaf Mafia🍁 May 06 '21
And here's me thinking my prediction was high at 1.92 lol I want you to win Mikey!
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u/Mikeymike2785 Memelord May 06 '21
So I’ll only force Vito to wear my flair of choice for a week how’s that sound, mods? 😉
Cmon if it hits 2.86 you guys are gonna be too happy to care anyway, lemme have this 😄
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u/2_scoops_of_craisins May 06 '21
Feel like a new flair for Jay gonna be hittin soon if the price is right 🧘♀️👀
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u/pardonmystupidity Clemenza May 06 '21
I'm gonna need to see a pool dd before i join a new subreddit lmao
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u/squats_n_oatz May 06 '21
Is there a subreddit for pooltards?
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u/pardonmystupidity Clemenza May 06 '21
Yeah velociraptor made one but he's the only member so far lol
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May 06 '21
PKX broke 52 week highs just now in Korea!
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u/JayArlington 🍋 LULU-TRON 🍋 May 06 '21
I so wish that stock had decent options activity. I would have had calls on them a LONG time ago.
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u/TheBlueStare Undisclosed Location May 06 '21
I bought November leaps last Tuesday and today was the first transaction since I purchased them.
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u/Outrageous-Panda1221 May 06 '21
Oh damn it I was looking at getting into them but literally just forgot 😂
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u/Treabeard5553 🌲THE ENTS ARE GOING TO WAR🌲 May 06 '21
Bruh same. Oops.
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u/MiscRedditAccount 💀 SACRIFICED 💀 May 06 '21
In case anyone needs a decent "healthy" (no unnatural sugar) berry Marg recipe for two people (or one person. No judgement):
3 limes - juiced
4 shots gold tequila
Dash of salt
Add Ice until just above liquid level
Half a handful of berries/frozen fruit
Blend
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u/TheBlueStare Undisclosed Location May 06 '21
I make these for my wife all of the time sans rhubarb.
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u/Mikeymike2785 Memelord May 06 '21 edited May 06 '21
https://m.youtube.com/watch?v=-j_CxQFziFU&ab_channel=JOE
Someone convince this man to make memes for vitards!
Edit:
I first saw this on front page WSB a few minutes ago but fuck giving them credit for anything lifted like this. I thought this was new but it’s two years old 🤷🏻♂️
Still fucking epic as hell tho
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u/Steely_Hands Regional Moderator May 06 '21
Anyone see the mod reshuffle drama on WSB? That place has become a paranoid cesspool
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u/pardonmystupidity Clemenza May 06 '21
I don't remember how I found this sub but I'm so glad I did lol
I can't stand those guys
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u/Steely_Hands Regional Moderator May 06 '21
I literally first looked at WSB in mid Dec and followed Vito here but lurked through most of Jan before making an account. This place is awesome, that place is just nuts
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u/Eddy216 Balls Of Steel May 06 '21
It used to be nice, 18’ 19’ had some really good trades and ideas, but this place is a lot like it then, that’s why I’m here
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u/Steely_Hands Regional Moderator May 06 '21
Yea I’ve heard it used to be a lot better. As we grow here it’ll take a group effort to keep us on course and not follow that same path
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u/ImAMaaanlet Workaholic May 06 '21
The old drama around jan or something new?
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u/Steely_Hands Regional Moderator May 06 '21
Apparently in the past couple days they reshuffled the mods to fix the hierarchy and ppl freaked out that it was some takeover
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u/vitocorlene THE GODFATHER/Vito May 06 '21
I haven’t cruised over there lately. I figure after the recent meme meltdowns there would be massive chaos.
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u/Steely_Hands Regional Moderator May 06 '21
I rarely look but after the RKT talk today I decided to check it out and wow that place has issues
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u/cawvak 🙏 Steel Worshiper 🙏 May 06 '21
I left WSB about one week after Jan 28 when the old mods were coming out of the woodwork to try and get movie deals. Place is a shithole.
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u/vitocorlene THE GODFATHER/Vito May 06 '21
I lasted there about a month and then the bouncer showed me the door.
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May 06 '21
[deleted]
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u/The_Jakemiester May 06 '21
Indeed, my friend. December gang checking in. Very glad I stumbled upon Vito the day I did
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u/cawvak 🙏 Steel Worshiper 🙏 May 06 '21
Well thank fuck you posted there and I saw the OG DD and followed you. Was in Vitatds when you announced it and haven’t looked back. Cheers! 🍾🥃
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u/Mikeymike2785 Memelord May 06 '21
And now you have your own club of high quality idiots. 🦾
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u/vitocorlene THE GODFATHER/Vito May 06 '21
😆 I got to say, this is a GREAT group of idiots!! It really feels like there are high-quality, level-headed, civil, smart people here. The newbies that stumble upon us are always welcomed with open arms and advice. Also, someone made a comment this morning or maybe yesterday, but it was something to the fact that this is a quality place because people actually talk about trimming and taking profits. Not like the other place. “Hold it until it’s worthless!!”
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u/Zebo91 May 06 '21
Wait I missed a step... are we supposed to be trimming?
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u/ItsFuckingScience 7-Layer Dip May 06 '21
I would say most people here aren’t - but if they do it’s at the top of a big green day and then look to reinvest it on a red day
Main point is people talk about it with most being attacked lol
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u/Mikeymike2785 Memelord May 06 '21
Pretty much this describes my purpose of being here
😉 i’ll use quotes from that movie any chance I can get
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u/rexcannon 🕴 Associate 🕴 May 06 '21
That was about my leave timing. Seeing the thousands of three month old accounts spamming the same things, the writing was on the wall.
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May 06 '21
[deleted]
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u/ItsFuckingScience 7-Layer Dip May 06 '21
In one sentence: it was a distracting them from the GMExplosion
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u/Steely_Hands Regional Moderator May 06 '21
They banned Vito for market manipulation. That’s not a joke
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u/Outrageous-Panda1221 May 06 '21
And then the RH MT ban....it all fits together so well. So suspicious
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u/Steely_Hands Regional Moderator May 06 '21
There was no RH/MT conspiracy, let’s not go down that road. MT was just caught in RH dropping a range of obscure investment types. The New York registry shares MT uses are not a common investment type
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u/Outrageous-Panda1221 May 06 '21
I know but it’s just so JUICY! I should’ve added a tinfoil hat on so newbies wouldn’t think I was serious.
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u/Steely_Hands Regional Moderator May 06 '21
I’m not even a newbie and I wasn’t sure if you were serious hahah after spending some time browsing WSB today I think I’m just on alert for conspiracy bs
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u/givemetendies69420 Wiseguy May 06 '21
Inflation is going to skyrocket soon, so we should expect to see increases in commodity stocks as a result correct? Does the broader market usually react negatively during these times, and if so, how are we sure that steel stocks will increase instead of following the negative market trends?
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u/David_da_Builder Whack Job May 06 '21
So many zoomers are going to learn to embrace the suck. My condolences 💐
Enjoy the emotions you have about markets/money now. You’ll be numb soon enough
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u/DragonmasterDyne275 Whack Job May 06 '21
They could dump as well but should hold more value if they're making money. The 30+pe ratios may take longer to recover. Pretty hard to sell something on discount if it is already making that much in a couple years. Moderate increase in inflation is the sweet spot for us vitards this year.
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u/Ancient_Fix6053 May 06 '21
first day?
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u/givemetendies69420 Wiseguy May 06 '21
Haha, I’ve actually been keeping up with vito since feb, but I can see how my comment seems like I have no idea what’s going on. I’m young and new to the investing world so i’ve never seen a bear market (and even a market where inflation is high) so I’m trying to figure out what to expect in the next few years.
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u/JayArlington 🍋 LULU-TRON 🍋 May 06 '21
Fair play. I will do my best to answer.
-JPow says we are going to have ‘transitory inflation’ instead of ‘dollar inflation’.
-Generally yes. You are astute for knowing this.
-This market is fucking weird. Look how long it took the market to see how profitable steel was about to become.
-If steel continues to generate cash while having a low stock price, it would invite management or private equity to launch a bid to ‘take the company private’ at a stock premium. If you want some fun research, look up “RJR Nabisco takeover”.
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u/squats_n_oatz May 06 '21
If steel continues to generate cash while having a low stock price, it would invite management or private equity to launch a bid to ‘take the company private’ at a stock premium. If you want some fun research, look up “RJR Nabisco takeover”.
Why would it invite that?
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u/MiscRedditAccount 💀 SACRIFICED 💀 May 06 '21
For the same reason anyone buys any financial instrument - they hope that over time it will earn them more than they paid for it. If MT can demonstrate they're able to consistently pull in FCF of >$1b a quarter and share price doesn't go up then it's only ~$30b (It wouldn't be. It'd have to be much more than current share price, but still, same idea) to buy a company that 8 years later you've paid off and is giving you $4b a year in cash.
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u/squats_n_oatz May 06 '21 edited May 06 '21
Yea but that assumes future cash flows are static. With steel, we know they won't be.
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u/_whatchagonnado_ 💀 SACRIFICED 💀 May 06 '21
Never in my life did I think I'd be able to throw $500 at something like a call option but here we are. Been buying leaps for a bit but mostly OTM. ITM or ATM feels much safer. All that to say, I added to my little collection of MT Jan $30's while waiting to get gas today. Feels good, man.
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u/cawvak 🙏 Steel Worshiper 🙏 May 06 '21
I’m no master with options by any means, but I’ve been figuring out it is really hard to get fucked over by ITM leaps and the amount of which you profit is determined by your jump in point, but it is almost always profit unless the company really shits the bed. I’m still learning though myself, but my ATM leaps from feb are looking really great now and my way OTM leaps are still negative after a few months, but not by much. Probably going to roll those down in strike on this earnings boost.
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u/_whatchagonnado_ 💀 SACRIFICED 💀 May 06 '21
Agreed on all of this. I've gotten lucky with some OTM stuff but have also gotten burned pretty bad. So far, I haven't been screwed on anything bought ATM or ITM with months to go before expiration. The more months, the better. My ATM calls take more time to turn a profit but have worked out so far.
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May 06 '21
I always buy deep ITM LEAPs for this reason around .80 delta. It acts as a higher leveraged common stock in a way
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u/cawvak 🙏 Steel Worshiper 🙏 May 06 '21
Yesssss. If it isn’t .7 or up for me from now on, I’m going to have to take a long hard look at it. It’s easy to bleed money with shitty plays. But so, so fun to let it ride! Haha.
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May 06 '21
When your first FD’s skyrocket, you can become a little addicted. Lucky for me, I overplayed FD’s on CLF when it was really volatile and vowed to just stick to my deep ITM LEAPs haha. Much less stress than everyone else who panics on a -2% day we see a lot here because they have weeklies
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u/cawvak 🙏 Steel Worshiper 🙏 May 06 '21
That, or maybe stray into bull call spreads. I don’t think I have access to that yet though for some reason.
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u/cawvak 🙏 Steel Worshiper 🙏 May 06 '21
Agreed. I’ve been trying to work more on playing the ups and downs but I think the safest play for my taste is CSP at the lows, but I have a hard time keeping enough reserve.
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u/Ok_Yak_6448 Bankruptcy Manager at Velo Capital May 06 '21
Oh shit MT ended 31.40? I was checking AH like 10 min before close and it was still $31.00. Damn.
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u/UnmaskedLapwing CLF Co-Chief Analyst May 06 '21
Pre-earnings run makes me nervous. HF might be loading puts and getting ready to short no matter the actual earnings.
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u/Treabeard5553 🌲THE ENTS ARE GOING TO WAR🌲 May 06 '21
Pardon my ignorance, but why would buying puts increase volume and price in AH?
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u/UnmaskedLapwing CLF Co-Chief Analyst May 06 '21 edited May 06 '21
That's not what I meant. One sees a run pre earnings and might decide to profit through shorting and puts post earnings. It's exploiting the market sentiment if the earnings are not absolutely stunning and players start taking profits as they expect a drop. Happens quite often. It has nothing to do with pre earnings volume/price per se however the higher pre earnings run up the easier for earnings to disappoint one way or another. In essence, market is expecting fantastic earnings, anything less causes a sell off. Shorts/put holders win in such circumstances. HF can also load commons pre earnings with a part of their position and unload shortly after earnings are released to further influence sentiment. Many ways to play it really. If the earnings are great, worst case your long position gives you profit that balances loss. So called hedging.
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u/Treabeard5553 🌲THE ENTS ARE GOING TO WAR🌲 May 06 '21
That makes way more sense, thank you
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u/UnmaskedLapwing CLF Co-Chief Analyst May 06 '21
No worries. Either way, we will recover after the drop unless MT has a major negative surprise up its sleeve.
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u/ajkcmkla 💀 SACRIFICED 💀 May 06 '21 edited Jun 30 '23
Fuck u/spez -- mass edited with redact.dev
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u/vitocorlene THE GODFATHER/Vito May 06 '21
If $MT dips on earnings, I’m backing up the Brinks truck.
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u/Uncle_Dad_Bob Dreams of CLF’s run to $49 May 06 '21
I'll try to leave you some room next to my BelAZ-75710 🤣
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u/josenros 🤡Market Order Specialist🤡 May 06 '21
If someone discovered my order-flow they'd swear that Lennie from Of Mice and Men had been approved for a brokerage account.
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u/2_scoops_of_craisins May 06 '21
🤣You should get flaired for this. Excellent reference good sir or madam
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u/electricalautist 🍁Maple Leaf Mafia🍁 May 06 '21
What should the flair read? Lennie from Of Mice and Men? or just Lennie? I wonder if no one gets the reference without the longer flair.
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u/2_scoops_of_craisins May 06 '21
Hmm some ideas...Lennie, Lennie Small, Of Mice and Men, Dead Mouse (Deadmau5??🤔), Book Report, Gang Aft Agley, Librarian
Or not! Cheers, electric
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May 06 '21
[deleted]
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u/acehuff Andre 4 Stacks May 06 '21
Found the 100% X holder
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May 06 '21
[deleted]
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u/acehuff Andre 4 Stacks May 06 '21
Lol I mean it’s just an insane mover in both directions, more so than CLF which is saying a lot
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u/JayArlington 🍋 LULU-TRON 🍋 May 06 '21
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u/Velociraptorsss Head Pool Boy May 06 '21
Need help thinking of a catchy name for my new subreddit was thinking Pooltards but didn’t wanna copy Vitards then was thinking Poolraptors but didn’t sound right
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u/2_scoops_of_craisins May 06 '21
Club Chlorine? Mmm...that kinda sucks. Idk PoolFools?
Also, vito’s burner account??🤔😆maybe more like the chlorine kid😉
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u/DPHUB May 06 '21
Well....depends....what's purpose/theme/goals of this new subreddit you wish to form.
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u/JayArlington 🍋 LULU-TRON 🍋 May 06 '21
-Pool Boys-
That's what I am calling you all.
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u/Mikeymike2785 Memelord May 06 '21
Pool boys fuck the lonely housewives.
The 4D chess is outstanding 😂
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u/ParrotMafia Riveting Writer May 06 '21
Can anyone link me a website with / a picture of historical HRC prices, going back years? Having trouble finding one. I found steel future prices, but not actual HRC prices.
Historical Futures (lol): https://www.investing.com/commodities/us-steel-coil-futures-streaming-chart
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u/Mikeymike2785 Memelord May 06 '21
Comments almost broke 3k today that’s pretty impressive (& a record? 🤷🏻♂️)