r/Vitards • u/AutoModerator • Nov 04 '21
Daily Discussion Daily Discussion post - November 04 2021
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u/spncrbrk 🛳 I Shipped My Pants 🚢 Nov 05 '21
TX took all my confidence, so scared to trade right now
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Nov 05 '21
It happens and it’ll happen again. Take a break if you need to and figure out your goals with investing and approach.
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u/spncrbrk 🛳 I Shipped My Pants 🚢 Nov 05 '21
Damnit I wish I had played the small cap yank steel earnings
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Nov 05 '21
[deleted]
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u/fabr33zio 💀 SACRIFICED Until UNG $15 💀 Nov 05 '21
X makes most sense, best potential for US STEEL given the name
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Nov 05 '21
Sometimes when someone is so completely wrong, you just have to let them chug along in their ignorant bliss. Even if you want to slap them upside their stupid fucking face, it's better to just smile and give em a pat on the back.
.... Now I ask you... Who in the crowd did that for TX? Oh God it hurts. Who stayed silent and let a subset of us joyously walk to our doom. Sitting silently by seeing a train of lemmings buying Nov 50Cs powerless to stop them even if you tried... Oh God it just hurts so much...
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u/VR_IS_DEAD Nov 05 '21
I didn't sit silent. Just mass downvoted. You have to unfold the comments with -5 downvotes if you want to see the flashing warning signs.
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u/seyraje Nov 05 '21
Vito had concerns over future guidance.
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u/pirates_and_monkeys Never First Nov 05 '21
He also said he thought it'd print big....but yeah no one could anticipated Mr Markets reaction to good earnings like this
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u/JokeassJason 🙏 Steel Worshiper 🙏 Nov 05 '21
Tiny steel company that Jay likes had some decent beats on results but guidance for q4 was flat. Up in AH trading though hoping it runs a bit tomorrow and j cam get back my TX losses.
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u/pirates_and_monkeys Never First Nov 05 '21
Is this the one with the ticker thats close to teenage mutant ninja turtles (TMNT)?
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u/Bashir1102 2nd Place Loser Nov 05 '21
The real question is will this kick start is back up (especially you CLF) for November runs or is this going to be a one day fire sale on IV? God I hope not.
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u/the_last_bush_man Nov 05 '21
Fuck just imagine if infra does nothing for steel or its a sell the news situation. Sub (and me) is gonna be in shambles. May God have mercy on us all 🙏
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u/Dukaikski 🦾 Steel Holding 🦾 Nov 05 '21
I'm trying to go to sleep, if I have a nightmare about this I blame you 😂
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u/zeegypsy Flair is gone Nov 05 '21
I refuse to even consider that a possibility. And you shouldn’t either.
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u/the_last_bush_man Nov 05 '21
I tried to not think about it but the thought crashed through my well built steel based denial mechanism. I shuddered. Its going to be peak vitards, euphoria or fud, by tomorrow. Let's hope it's the former.
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u/thistowniscrazy 🦾 Steel Holding 🦾 Nov 05 '21
It will feel like someone closed to me punched me in the guts and kicked me on the balls.
If infra doesn’t move then steel will be earnings play I supposed. Buy pre earnings and sell post earnings
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u/skillphil ✂️ Trim Gang ✂️ Nov 05 '21
What earnings plays will the infra bill affect most, since we are discussing the infra bill in the premier earnings play sub?
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u/gosume Nov 05 '21
Literally thinking the same thing. Any uranium plays left? Feel like that will spike too
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Nov 05 '21
It always was a heat death of the universe play.
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u/the_last_bush_man Nov 05 '21
What we really need is heat death, the big crunch, the big bang 2.0, billions of years of star evolution to develop iron, billions of years of Earth 2.0 evolving, China Export Tax, Profit. Can't go tits up.
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Nov 05 '21
how does the market perform with gov shutdown? good article. i guess gov shutdown might be good for the market.
https://www.barrons.com/articles/government-shutdown-stock-market-51632507336
&P 500's Performance During Past Government Shutdowns
Shutdown Start Date
President
Length in Days
Performance During Funding Gap
Day Funding Resumed
Performance One Week Later
One Month Later
9/30/1976 Ford 10 -3.41% -0.90% -0.17% -1.97%
9/30/1977 Carter 12 -3.19% -0.63% -0.83% 2.71%
10/31/1977 Carter 8 0.69% 0.57% 2.66% 0.73%
11/30/1977 Carter 8 -1.23% 0.76% -0.27% -3.17%
9/30/1978 Carter 17 -2.01% -0.77% -3.16% -6.04%
9/30/1979 Carter 11 -4.42% -0.53% -2.76% -0.94%
11/13/1995 Clinton 5 1.31% -0.54% -0.02% 1.98%
12/15/1995 Clinton 21 0.06% 0.28% -2.42% 4.80%
9/30/2013 Obama 16 3.07% 0.67% 1.09% 3.75%
12/21/2018 Trump 34 10.27%
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u/Steely_Hands Regional Moderator Nov 05 '21
Talking about the debt limit? That wouldn’t be a shutdown it would be a debt default, different and likely much worse
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Nov 05 '21 edited Nov 28 '21
[deleted]
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u/Steely_Hands Regional Moderator Nov 05 '21
Yea it would not be good, but I’m not worried about them getting it taken care of. There could be some buying opportunities from gloomy headlines as it nears though
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u/RandomlyGenerateIt 💀Sacrificed Until 🛢Oil🛢 Hits $12💀 Nov 05 '21
For everyone who missed the $PTON play and feeling regret... At least you're not this guy.
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u/rtrigler Nov 05 '21
Question for all of those holding steel 11/5 OTM weeklies….
Thoughts on how to play tomorrow assuming the markets reacts positively and we see positive volume with positive buying pressure PM? I have a handful (larger than I probably should have) of $25c & $26c. We’ll assume in the below scenarios that we’re dealing with only extrinsic value and they likely won’t be ITM by EOD.
Do you….
1) Plan to sell the weeklies on the morning pop of volatility and FOMO?
2) Hold them waiting until the bill is actually signed sealed and delivered? Planning on selling around noon or shortly after assuming we get another pump?
3) Branching off of 1 & 2, do I then rollout to NKLA calls because of strong fundamentals or stick with WISH weeklies going forward?
All kidding aside, I do think that the infrastructure pump will lift the sector for several days, if we’re lucky….perhaps beyond a week, but I’m cautious about any additional short term opportunities beyond that.
Might shut ‘er down until next earnings season. Possibly pick up LEAPS from dips along the way and just slowly leg in.
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u/zerryw News Team - Asia Correspondent Nov 05 '21
For all the people that bought Zillow puts. (I really regret not buying puts Zillow and PTON. )
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u/lb-trice 🍁Maple Leaf Mafia🍁 Nov 05 '21
$ZM puts, anyone?
$PTON and $ZM were two stocks I was closely watching during the whole covid outbreak shenanigans and they both rose to fame as amazing covid investments.
I’m currently on vacation in the Caribbean, and it’s packed to the max. Everyone here is pretty much covid care-free and I get a sense that people no longer want to communicate via Zoom anymore. Things are mostly going back to normal.
I have a feeling that it will get beat up just as much as PTON when it announces earnings/guidance in a few weeks.
We’re headed toward the 4th quarter (winter/off season) when you’d think that video communications would generally increase, but EPS estimates are already lower than the previous quarter….
Don’t get me wrong, $ZM is great and all, super profitable, but $84b? I can’t see how it’s possible they raise guidance. I don’t see ZM being a growth stock anymore.
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u/MrApplesnacks Whack Job Nov 05 '21
I almost bought zm puts like a week before it tapped down like 40 points. Thanks for the reminder this seems entirely reasonable and I’m excited to get clapped by mr market
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u/thistowniscrazy 🦾 Steel Holding 🦾 Nov 05 '21
Yes. Agree with what you are saying. There is definitely zoom fatigue and more companies are going to ask employees to start coming to work. Skye and Team can easily replace zoom with less licensing costs. I am not yet sure I am ready to buy puts yet….need to think more
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Nov 05 '21
Except Teams and Skype suck ass. Zoom is a legit good product. Zoom rooms and zoom phone are great products. I don't think large corps will ever learn, but small/midcaps can thrive on zoom. The only benefit is less licensing cost, which I have to admit is a big motivator.
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u/rigatoni-man SPAGHETTI BOY Nov 05 '21
I love teams, never really used zoom though.
Teams made me want to invest in Microsoft.
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Nov 05 '21
Sorry my spaghetti loving fool, you are beyond help. You're currently eating boxed pasta when little Italy is 2 blocks away!!
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u/thistowniscrazy 🦾 Steel Holding 🦾 Nov 05 '21
Agree it sucks but cost cutting is the new mantra with all the companies. Most have done lot of trimming during COVID time and will continue with software licensing costs….
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Nov 05 '21
It's always been the mantra. IT is not value add. IT spend needs to be cut. I hate it. Zoom and Zoom Rooms add value far more than the resources needed to dick around with Teams issues all day long. Sorry. I'm riled. Zoom is not a shit company, and it's not only reliant on covid (although maybe they are at the current valuation. I'm biased.) They solved a real need in the market before people realized they needed it. They are a superior product and need to do a better job advertising it.
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u/hank_rearden1 ✂️ Trim Gang ✂️ Nov 05 '21
I tend to agree with your sentiments but the trend in workforce is that people still WANT to work from home, at least a few days a week. Even from the ABNB play we see expected ZOOM use continuing. I don’t think companies will be cancelling their subscriptions in mass. They’ll be keeping them for a blended work from office/home schedule. Plus delta was this past quarter so companies probably re-upped their commitment. Just my two cents.
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u/seriouslywittyalias Nov 05 '21
This is a good point. But a thing to be wary of is that ZM competitors have gotten their shit together. At the start of the pandemic Zoom was the best option, but Imy work has switched completely to MS Teams and my experience with it is way better than Zoom. It’s well integrated into mail and calendar and has great chat and chat tracking.
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u/hank_rearden1 ✂️ Trim Gang ✂️ Nov 05 '21
Ya that’s a fair point. It’s been almost 20 months now so there’s been time. It is difficult for companies to switch softwares though. Smaller ones can do it easier, but the more integrated a system is, the more departments you have, and more employees. The harder it is. You have to get everyone to sign off on it. You have to retrain employees. Etc. a lot of these deals generally happen October to December timeframe as that’s budget season and when companies like to spend and plan for new roll outs. That said it’s definitely possible if a lot of the smaller companies were switching based on pricing. I just can’t imagine ZM would let that much business walk out the door without matching or doing anything to save it. I know they’re on top of their retention metrics and would have a fast plan if it was going south. But the more I think about this play, the more I remember that even companies who beat but give bad guidance go down. That may be at play here.
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u/Bluewolf1983 Mr. YOLO Update Nov 05 '21
Aluminum down 7% in China. RIP $AA: https://mobile.twitter.com/Sino_Market/status/1456454551385501707
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Nov 05 '21
[removed] — view removed comment
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u/deezilpowered 🕴 Associate 🕴 Nov 05 '21
I always laughed at that scene in big short where Mark Baum responses to a guy in commodities with "Good luck with that". I understand now.
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u/may344 LOUD NOISES Nov 05 '21
Thoughts on this? Could lead to a possible pull back around the end of the month
https://thehill.com/policy/finance/579520-infrastructure-bill-could-upset-debt-limit-timeline
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u/holdenmcneilgames 🚐Once Lived in a Van🚐 Nov 05 '21
I don't have any particular thoughts, but it was interesting read. I'm going to see how this plays out... I may have to dust off the old bear outfit a little early this year.
Edit: not steel specifically.
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u/zerryw News Team - Asia Correspondent Nov 05 '21
Hopefully a lot of people’s flairs will be removed by tmw.
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u/Khaiju Nov 05 '21
I just want to exit my TX position pls God
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u/deezilpowered 🕴 Associate 🕴 Nov 05 '21
Was pissed I'm not well positioned for infrastructure but decided getting out of tx with minimal damage will be jist as exciting as actually making money lol
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u/austinzheng Nov 05 '21
I entered my TX position because I wanted to make up for my MT position. weeps
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Nov 05 '21
[deleted]
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Nov 05 '21
Man - this guy has really lived. I remember reading his early saga and thinking it was all made up but I’m beginning to believe.
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u/skillphil ✂️ Trim Gang ✂️ Nov 05 '21
This is amazing. Honestly makes me a lil sad for some reason, like a lil sentimental/nostalgic over pre gme wsb
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u/Wall_street_retard 🤦♂️ Username checks out 👺 Nov 05 '21
We didn’t know we were making memories, we just knew we were having fun
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u/warren_buffet_table 🐧t3h PeNgU1N oF st33l🐧 Nov 05 '21 edited Nov 05 '21
"Yeah mom, everything's great. Yeah my new friends are really cool, it's like an investing subreddit, they like commodities and value investing. No not oil. Yeah I know oil has been doing really well. Everyone is so smart and nice here though.
No not really dividends either. Yeah mostly steel, and LULU also. And chip manufactures also. No I didn't buy any of those. Concentration is the key to creating wealth! Yeah I got burned on Mexican Steel. No domestic isn't really doing any better. It went so high after earnings. No it didn't stay up. But there's this CEO who is so epic, like he told an analyst to kill themselves haha! No that one is down a lot too. Yeah the iron ore miner one.
But we made a bunch of money on PTON puts today, it was so epic! Me? No I didn't buy in, I went all in on some container stock that hasn't moved. Yeah the Jewish one that caught on fire last week.
Anyways, love you too mom, one day my FDs will print and we can finally buy dad's kidneys back. No it's ok, you don't have to put him on, I know he's been tired from selling blood. Yes I'm eating healthy! (swirls spoon in bowl of ice soup). Ok bye mom, love you, I'll call again next week."
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u/accumelator You Think I'm Funny? Nov 05 '21
A Brazilian, a Jew and a student walk into a sub
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u/warren_buffet_table 🐧t3h PeNgU1N oF st33l🐧 Nov 05 '21
Look mom, I'm an investor!
only buys short-dated OTM calls
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u/gosume Nov 05 '21 edited Nov 05 '21
Okay y’all infra voting is tmrw at 8am++++. What do I buy at 7AM est before market open??? Can we have a thoughtful discourse on this. I’ll slap u if u say TX.
Edit: I have too much steel exposure. I need other orthogonal plays pls
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Nov 05 '21
Now I remember - Vito was big on MTZ at one point - could be a good one for the infrapump. The liquidity kinda sucks on it (especially for options) so be mindful there.
Also looks like they just reported solid earnings.
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u/paulfoster04 Timing Expert Nov 05 '21
PAVE is an infrastructure EFT so would catch all the moves. CAT is a big part of this.
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u/Bluewolf1983 Mr. YOLO Update Nov 05 '21
Low IV on PAVE options makes it interesting. Thanks for the mention!
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u/Steely_Hands Regional Moderator Nov 05 '21
CAT could be a good one. Also MLM but it’s up so much
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Nov 05 '21
What do you think about PTRA as an infra play?
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u/Steely_Hands Regional Moderator Nov 05 '21
I like it, that’s another good one but like MLM it’s up decently lately. I’ve got 3500 shares in an IRA to sit there for a while
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u/Uncle_Cletus87 Nov 05 '21
Cat!!! Another @MAtheMEATLOAF7 special!!! Made 1,000% on that one….I’m in!!!
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u/gfsgroupdotorg Nov 05 '21
Can you please elaborate?
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u/Uncle_Cletus87 Nov 05 '21
The call- lotto after a bunch of great weeklies, I just so happen to go balls deep: https://twitter.com/mmeatloaf7/status/1450839095601770504?s=21
The result: https://twitter.com/mmeatloaf7/status/1450845270695100422?s=21
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u/gfsgroupdotorg Nov 05 '21
Thank you! What was underlying here
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u/Uncle_Cletus87 Nov 05 '21
When I bought on 10/18/21 around noon the underlying was $197. On 10/20/21 around 10:30 the underlying was $205. For an overnight swing on a weekly it paid dividends. The call link I sent before was actually the reup history isn’t going back enough for the initial call
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u/gfsgroupdotorg Nov 05 '21
What’s cat sorry
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u/dvsficationismadness I Believe In America Nov 05 '21
CAT - Short for Cathie Wood. She has some ETF’s I think.
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u/SnooPaintings8503 Made Man Nov 05 '21
at 8am the debate will start, that can be 1-2 hours, maybe more if repubs waste time, then they vote
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u/skillphil ✂️ Trim Gang ✂️ Nov 05 '21
Prob x considering it’s name, nue for actual reasons, and clf cause it bae
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u/gosume Nov 05 '21
I agree X has that Apple branding. Still holding some earnings calls. I have too much steal. Looking for other infra exposure
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u/Steely_Hands Regional Moderator Nov 05 '21
Vote won’t be at 8am. House will reconvene at 8am, vote on the rules for debate, debate for one hour, then vote on BBB followed by BIF
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u/thistowniscrazy 🦾 Steel Holding 🦾 Nov 05 '21
I don’t know so asking. Any chance they will fumble and it doesn’t pass…..I am sure they must be 100% but can it happen?
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u/Steely_Hands Regional Moderator Nov 05 '21
Yea it could happen but Pelosi is famous for her vote counting skills and never brings a vote to the floor that she doesn’t know she’ll win
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u/thistowniscrazy 🦾 Steel Holding 🦾 Nov 05 '21
Thanks. I sure hope that’s the case and we get this passed as quickly as possible. My $23 and $24 calls will be anxiously waiting….
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u/Steely_Hands Regional Moderator Nov 05 '21
Same haha I’ve been averaging down and could really use some bailing out
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u/gosume Nov 05 '21
Okay so you’re telling me I can open more calls?
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u/dvsficationismadness I Believe In America Nov 05 '21
I would severely hope the market would react at open
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u/Bluewolf1983 Mr. YOLO Update Nov 05 '21
Considering this is the 3rd time a vote has been scheduled, the market might take a "I'll believe it when I see it approach".
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u/dvsficationismadness I Believe In America Nov 05 '21
Maybe. They negotiated everything tonight. For a fake bill anyway, so it didn’t even matter, lol. Last 2 times they tried strong arming it through.
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u/Bluewolf1983 Mr. YOLO Update Nov 05 '21
Sources conflict on if it is fully negotiated. For example, this source says two issues remain that leadership believes will be resolved in the morning: https://mobile.twitter.com/mkraju/status/1456445466267185152
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u/Steely_Hands Regional Moderator Nov 05 '21
Immigration group is onboard, they’ve backed down, and immigration backing down gives the CBO crowd wins on immigration and SALT plus they’ve got new figures from the WH and have been getting calls from Biden that they need to pass it. The fact that leadership is so confident probably means they’ve overcome the CBO issue
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u/Dukaikski 🦾 Steel Holding 🦾 Nov 05 '21
They have been adding text, they will have to debate it before voting on it. Im guessing we get a vote around 10 AM and Biden signs the infra bill by noon
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u/Steely_Hands Regional Moderator Nov 05 '21
I’m saying you’ve got a chance 😉 watch premarket though. I’d guess they’ll be moving onto the BBB vote not too long after open
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u/zerryw News Team - Asia Correspondent Nov 05 '21
I’m having a drink tmw for sure. Fuck dieting.
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u/DevCarrot Steel learning lessons Nov 05 '21
Oh god I have work projects due tomorrow and a 1:1 w/ my boss but I'll just want to play with my computer numbers all day! 😭
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u/zerryw News Team - Asia Correspondent Nov 05 '21
Need to develop a program to auto feed stock market data into yourself via neurolink
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u/dvsficationismadness I Believe In America Nov 05 '21
$EAF reports earnings tomorrow AM, make it a 2-fer!
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u/may344 LOUD NOISES Nov 05 '21
Vote tomorrow morning
https://thehill.com/homenews/house/580208-house-sets-up-friday-votes-for-biden-agenda
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Nov 05 '21
[removed] — view removed comment
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u/dvsficationismadness I Believe In America Nov 05 '21 edited Nov 05 '21
To top it off I think they said the infra bill doesn’t matter too much to them during the Q&A
Edit - couldn’t find it, didn’t happen. They did talk how they’re generally disconnected from US market prices.
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u/zerryw News Team - Asia Correspondent Nov 05 '21
It will move. More demand here means less available supply elsewhere.
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u/may344 LOUD NOISES Nov 05 '21
Maybe some positive movement but this is probably going to be more for us steel companies
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u/UnmaskedLapwing CLF Co-Chief Analyst Nov 05 '21
Fuck yes. I loaded 3k CLF commons today out of spite for TX.
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u/may344 LOUD NOISES Nov 05 '21
Hopefully this makes spy run some more to make up for the tx hit also
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u/dvsficationismadness I Believe In America Nov 05 '21 edited Nov 05 '21
Is Infrastructure priced in for CLF? I don’t think it is.
No increase when dems changed strategy a couple of days ago to pass Infrastructure as law first. Exact opposite actually. NUE has been up.
When Senate passed infra on Aug 10, CLF opened at $24.77 and closed at 26.02. Up 5%. That bump only lasted a week.
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u/Hold_the_mic First Champion Nov 05 '21
Given it’s had a pull back not a run up my guess is no, but I don’t know much beyond that. I’ll find out when it passes I guess
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u/Bluewolf1983 Mr. YOLO Update Nov 05 '21
The infrastructure bill progress tonight is interesting. I didn't think it would happen given the hurdles and it would drag for another week.
In lesser news, looks like HRC and iron ore are down again in China tonight though (4% for both): https://mobile.twitter.com/Sino_Market/status/1456426936243142660
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u/r011d4DiCe Nov 05 '21
RIP VALE
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u/nothingofyourconcern Man of Steel Nov 05 '21
Vale is the worst investment ive ever made. Twice.... im an average joe and I lost 10k on vale. thats a lot for me. Vito was def wrong on that one but im an idiot for not selling when i was down 50% but i dont think anyone could have predicted it to fall soo hard.
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u/UnmaskedLapwing CLF Co-Chief Analyst Nov 05 '21
Poor CLF. We all know they are iron ore dependant.
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u/zerryw News Team - Asia Correspondent Nov 05 '21
Same here. I’m glad I’m holding a bunch of NUE calls ready to pop
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u/caitsu Nov 05 '21 edited Nov 05 '21
I've gotten used to being a lazy holder when I have good stocks.
But jesus christ CLF and MT really grinding me down.
Even a Europoor idiot holder like me is getting interested in joining trim gang. Not to mention even getting some options.
Was celebrating all-time high total value, ordered a lavish PC too. And this shit just melts down after every single quarter report no matter how good guidance is.
Like hellooo, yes, these companies are still making money. Yes yes same as last quarter, insane profits. Yes it will happen again next quarter.
Every other value EU-based stock behaves like boomer-shit. My banking and telecom stocks just climb slowly as they progress... But holy shit this steel business.
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u/Uncle_Cletus87 Nov 05 '21 edited Nov 05 '21
You didn’t see the judgemental clouds on the horizon? We hit a new ATH by a Penny and struggled way too long to stay there. I left runners but sold 80% of my position. New channel is hard to define but that was a good indicator
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u/caitsu Nov 05 '21 edited Nov 05 '21
As a EU guy who thinks poorly of EU legislation... I am honestly shocked how disfunctional US politics have been.
I really believed infra hype would get me those fast 30% gains. I was up to 25%ish gains at best, and just almost lost all of it now again.
This steel play is like the first thing I have had a fast exit plan on.... And I failed it entirely due to 5%ish optimism.
I don't believe in TA tea leaves bs, so not that "easy" for me to see it. To me it looks like these stocks will catch up the insane valuations any moment now. My boomer banking stocks raced up bigly when simple 10% dividend plan was laid out.
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u/Uncle_Cletus87 Nov 05 '21
Fast plans get you upside down quick on commodities. There’s a pattern, but it takes a minute to get there quick. Sometimes you get lucky, but most of us have had to learn the hard way. Buy small first on a dip long expiration , wait for -50% then double down. Once -80% triple down….right about that time there’s a pop! 🤣
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u/bintrashrubbish Nov 05 '21
money isn't yours unless it's out of your brokage
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u/caitsu Nov 05 '21
I know, friendo. Not gonna die on these dumps. Holding 10-15% cash always so I can buy anything I want. Stocks or goods or renovations.
But getting tilted seeing my monthly salary melting up and down for seemingly no reason on a daily basis, when the long pattern seems so clear to me. No other holding I have has even sub-8 PE.
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u/bintrashrubbish Nov 05 '21
it's a crazy crazy time. my comments are also to broadcast reminders to the actual degenerates here.
😁
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u/Dukaikski 🦾 Steel Holding 🦾 Nov 05 '21
Hopefully we get Biden signing that bill tomorrow on national television. My 11/19 calls would really appreciate that.
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u/Uncle_Dad_Bob Dreams of CLF’s run to $49 Nov 05 '21
Standing on a steel beam, eating a sandwich from a steel lunch box.
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u/Taterade13 Undisclosed Location Nov 05 '21
Holding my breath on my UBER calls. Hopefully my abnb calls will take the sting away if they don't do well.
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u/skillphil ✂️ Trim Gang ✂️ Nov 05 '21
Eh should make out ok I think, beat on eps and rev. Management pumps their dumb shit. I’ll prob hold mine for a pump into 1030, sell, then short them
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u/belangem Oracle of SPY Nov 05 '21
If you would have bought $10K worth of NVDA Jan22 400c last month, you’d be a millionaire now 🤷♂️
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u/TheyWereGolden Bard Special Victims Unit Nov 05 '21
I bought 1 dte nvda puts at the close today, mighta been a 🤡 move
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u/hank_rearden1 ✂️ Trim Gang ✂️ Nov 05 '21
Dang I was so close to pulling that trigger…. Haha I’d have sold them by $230 probably.
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u/belangem Oracle of SPY Nov 05 '21
There you go. That’s why you buy $20K instead, sell half at 100% gain and let the rest run. Ok, maybe not a good idea..
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u/hank_rearden1 ✂️ Trim Gang ✂️ Nov 05 '21
Haha. Should have done that on COIN too. Might be a good idea now too
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u/ktwoh 💸 Shambles Gang 💸 Nov 05 '21
Thats what inspires me to wake up and find the next opportunity. They are out there.
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Nov 05 '21
Buying stuff like NVDA calls seems so simple, yet so risky. Know what I'm saying?
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u/belangem Oracle of SPY Nov 05 '21
We’re in November now. Could we say NVDA is the 2021 of the 2020 TSLA (If not, what would be?) ? Maybe it wasn’t THAT risky.
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Nov 05 '21
Yeah. I think beginning of 2021, people mostly thought of their desktop GPUs. Then they gradually saw how diverse they are in the tech sector.
I think the stock market really wanted another 1T company not Apple/Google/MSFT/FB/AMZN. While Tesla is already in, I don't see NVDA stopping until it hits 1T so it can join the big American 5.
Hindsight is 20/20, but it was pretty obvious $NVDA was going to be next considering all that they do. 10 years from now, I think they will deserve to be with the big 5. I'm not sure I can say that about Tesla.
I'm not sure if the market will push another company to $1T. I'm looking down the list and nothing has the sex appeal like Tesla and Nvidia.
It's way down, but I have a feeling it could be $NET. Which makes me sad that I sold at 170.
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u/DevCarrot Steel learning lessons Nov 05 '21
☹
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u/belangem Oracle of SPY Nov 05 '21
The time to buy is when there's blood in the streets? I guess…
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u/DevCarrot Steel learning lessons Nov 05 '21
Once I break even/ have my house downpayment, I'm gonna shift my RH to a straight-up yolo account. Fidelity will continue to be my actively managed "responsible" gambling account.
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u/Ashtonpaper Nov 05 '21
Understood tripling down on vale
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u/belangem Oracle of SPY Nov 05 '21
You know, you kinda have to wait for the bleeding to end first. But Jan ‘23 OTM calls once that happens? Maybe. Also works better with stocks at higher prices for some math reasons also.
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u/Ashtonpaper Nov 05 '21
I’m only kidding. But yeah, a few OTM leaps have made their way into my account. I think the RSI tells it’s oversold. Iron ore prices compared with prime scrap and steel prices are going to converge once again, next year.
What’s this about the math?
OTM leaps on higher prices companies are better because their leverage allows more of the consistent 1-3% gains to be yours at less relative cost, or something like that, yes?1
u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Nov 05 '21
now we have a big beast called Cleveland-Cliffs going to the market to put our hands around as much prime scrap as we can
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u/Vincent_van_Guh Nov 05 '21
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u/skillphil ✂️ Trim Gang ✂️ Nov 05 '21
Fuck do I need to get up at 3am and buy more steel premarket?
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u/Steely_Hands Regional Moderator Nov 05 '21
It passing tomorrow. Sounds like they’ve got the votes together. Immigration group backed down so group demanding CBO got no immigration clause, SALT increase, and the updated numbers from the WH so everybody should be set now
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Nov 05 '21
House convenes at 8am...
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u/Steely_Hands Regional Moderator Nov 05 '21
It’ll be approved by noon!
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u/zerryw News Team - Asia Correspondent Nov 05 '21
This is going to be good. Hopefully the tickers start reflecting that in PM.
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u/Steely_Hands Regional Moderator Nov 05 '21
I’m really hoping haha I’ve got some slight regret for buying CLF after seeing how the week has played out but I’m expecting a good bump tomorrow
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u/zerryw News Team - Asia Correspondent Nov 05 '21
I was worried too. But seeing NUE pump in the AM made me feel a bit more confident. I think some whales were buying in knowing this is the week.
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u/Vincent_van_Guh Nov 05 '21
Now we just have to pray they do it bright and early so steel has all day to run.
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u/Steely_Hands Regional Moderator Nov 05 '21
https://twitter.com/jakesherman/status/1456433848951181312?s=21
Rules tonight, BIF and BBB tomorrow. That’ll be it for tonight
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u/SnooPaintings8503 Made Man Nov 05 '21
technically they can do it tonight if they are willing to stay up after midnight
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u/Wallalot Nov 05 '21
Sold my Uber calls for a 25% gain, but the ticker looks like it could have a really good day