/biz/ - Business & Finance

Heres information for covered calls next week June 9-12. This information is current as of close on June 4th.
This coming week there were very few promising earnings reports coming out, just 4. They are all rather bearish so I am thinking of selling deep ITM calls to protect from downside.

Ticker, Price, Rating, Strike, Premium as % of current price
PLAY 19.48, Bearish, 19.5C 12.3%
GME 4.47, Bearish, 4.5C 11.0%
CHWY 49.11, No rating, 49.5C 6.5%
PLCE 48.80, Bearish, 50.0C 6.3%

Previous weeks:
Week May 11-15 = +8.5%
DKNG +8.5%

Week May 18-22 = +2.0%
HPE -0.5%
HPQ +1.0% (Held)
FL +2.4%

Week May 25-29 = +1.5%
AAL +0.2% (Partial Hold)
JWN +3.3% (Held)
HPQ -6.7% (Held)
NTNX +4.0%
TNA +10.6% (Held)

Week June 1-5 (current)
HPQ +0.0% (Plan to close)
JWN +14.7% (Plan to close)
This week I used capital to purchase SWBI (+7%), VSTO (+1%), and CRWD (+4%). Plan to close CRWD, might close VTSO, planing to hold SWBI for earnings in 2 weeks.

>>19526015
First for picking stocks based on social inclusivity

No more fundamentals. No more technicals.
I am going to learn how to read natal charts and make all market decisions based on astrology.

MUHHH DIIIIIIIIIIIICKKK!!!

Let me start by saying I wish I never had to send this email.

I wish that the lives of George Floyd, Ahmaud Arbery, Breonna Taylor, and countless others weren’t so violently cut short. I wish that institutional racism, and the police violence it gives rise to, didn’t cause their deaths. I wish that all members of our Black community felt safe enough to move around their cities without fear. I wish that I didn’t have to try to find the words to explain all of this to my two young sons.

But I’ve been given hope this week by hundreds of thousands of peaceful protestors demanding change. I am committed to being part of that change.

As a company, we believe that everyone has the right to move freely, no matter where they live or the color of their skin. We’re proud of how Uber has helped improve transportation equity over the last decade. But the reality remains that Black Americans often don’t feel safe to move freely in many places around our country. And they still face enormous barriers that others do not.

This is a reality we should not perpetuate or accept. We must do better.
We know there is no easy solution to the problems we have faced for centuries. We also know that we need to devote our time, energy and resources toward making a difference. That’s why we’re making a number of commitments that we will uphold not just this week, but for years to come:
We are committed to driving lasting change through criminal justice reform.

>>19526087
On Sunday, we announced a $1 million donation to the Equal Justice Initiative and Center for Policing Equity to support their important work in making racial justice in America more than just a promise.
We are committed to creating a community that treats everyone equally and with dignity. We do not tolerate discrimination, harrassment or racism on our platform, as outlined in our Community Guidelines. We will hold everyone who uses Uber accountable to these standards of basic respect and human decency. I respectfully ask anyone not willing to abide by these rules to delete Uber.
We are committed to supporting the Black community. As a starting point, we will use Uber Eats to promote Black-owned restaurants while making it easier for you to support them, with no delivery fees for the remainder of the year. And in the coming weeks, we will offer discounted rides to Black-owned small businesses, who have been hit hard by COVID-19, to help in their recovery.
We are committed to making Uber a diverse and inclusive place for people of color to work and thrive. While we have more work to do, we have tied our senior executives’ pay to measurable progress on our diversity goals, and will continue to publish data on our workforce so the public can hold us accountable. We’re also committed to expanding opportunities for drivers and delivery people, including through education opportunities and skills training.
We know this isn’t enough. It won’t be enough until we see true racial justice. But we plan to work day in and day out to improve, learn, and grow as a company.

Lastly, let me speak clearly and unequivocally: Black Lives Matter.

Dara Khosrowshahi
CEO

Tomorrow will be red.

Is anyone actually buying anything tomorrow or are people waiting until Monday? Feels like this weekend could be rough [just like every weekend]

Also who's looking at AMPY, HTGM, IVR or CNK?

>>19526087
>>19526109
Is this bullish for UBER?

>>19526110
AHHHHHHHHHHHHHHH

IVR. Saw in last thread, idk anything about REITs. Anyone have any information on this. Has a good 4x left in it, bit it's up 50% in a day. 5 year chart looks good. Is it a buy?

>>19526087
>>19526109
Uber puts looking juicy

>>19526130
Blood color Red

>>19526129
Is this bullish for Ford?

>>19526129
Probably for like 18 hours

>>19526129
It doesn’t mean anything. Even penny stocks are giving BLM a shout-out in their earnings reports now. It’s as common and blasé as companies saying “we’re all in this together” during Covid. Just remarking in current events.

>>19526165
City Council President has zero authority to do any of that so assume what you will from that

Alibaba has grown at a significantly slower rate than Amazon and Shopify over the last five years. Is this due to the larger percentage of the Chinese population that lives on dirt compared to North American populations? And if so, can we expect Alibaba to be trading at $700-$1000 a share five years from now as the Chinese get more wealthy? I'm also concerned that the market is already too fractured with Pinduoduo and JD.com and we won't see monolithic growth.

TL;DR is Alibaba going to blow up like Amazon in five years and should I buy some?

>>19526110
no more red days bobo,we're going to the moon

>>19526193
Oh sweet fuck I'm safe.

>>19526193
He isn't even president, it's some dumb young nigger trying to make a claim over some shit he had no ability to do... Shocker

>>19526188
This seems different tho. The XheEO pretty much straight up said that cops are beating the shit outta joggers. That takes it a little bit further than the stupid “in these uncertain times” bullshit during wuflu

>>19526165

narrator: the minneapolis police will not be dismantled or replaced

Someone already posted a thread but how do we make money off of russias oil spill.

>>19526193
>>19526224
You misunderstand. He's saying he will lead a violent mob to literally dismantle the police force. They will then replace it with an all black tribal militia, which is a model which has worked to keep Africa stable for thousands of years.

>>19526239
buy buckets and grab the free oil lmao

>>19526239
Won't they use that as an excuse to increase oil production to make up for it?

>>19526269
Yeah thats what I was thinking i really dont fucking know this shit is beyond me.

>>19526263
>keep Africa stable for thousands of years.
Well, it has been stable indeed.

>>19526263
>which is a model which has worked to keep Africa stable for thousands of years

>>19526081
What does any of this mean? Is there meant to be a look-up table where you compare outcomes to astrological periods?

>>19526263
>patient has flat lined
Well, he is stable now.

>>19526264
Free oil? Fuck that, too expensive. I coulda gotten paid good money to take that oil a month ago

>>19526087
Uber can fuck off with their masks requirements.

Based TQQQ:TMF anon, what would the graph look like for SOXL:TMF 50:50?

I pissed off some cunt who hasn't been here around a lot... He said he had to filter again for his prride of showing his true intentions.... We're all here to make money. It's win win win where I come from. Losers don't get shit.

>>19526087
>t.

>>19526324
The positions of planets in quadrants correspond to characteristics and meaning. Bunch of things can change the interpretation like sign and position in relation to each other and other stuff.

>>19526388
>>19525820
>>19526388
this post i think... im kinda drunk

Never really came to this general before but
>tfw made 13k on assorted airline stocks

>>19526081
Mars is coming into alignment. HON

>>19526358
Not TMF guy but here's your spoon.
https://www.portfoliovisualizer.com/backtest-portfolio

>>19526389
brands encourage fighting...brands encourage pride, and pride is probably the only self confidence these people at the bottom have... hold all the brands, forget the politics.

>>19526081
Astrology charts without a wok and a goat liver to read aren't going to be reliable most of the time.

Why aren’t you shorting Brazil right now?

>>19526454
Sweet thanks. Still though, FUCK TQQQ. THIS SOXL 4 LYF BEEEYYYYAAAAATCH

>>19526142
It's practically guaranteed to go up as COVID winds down unless you get the 2nd wave but if that's the case, we all get screwed anyways. You buy and hold till you get close to what it was before the crisis started.

>>19526015
Why did you post Christian Bale and not the actual Michael Burry? Christian Bale didn't do any of that shit, he just pretended to be doing it for a good few months.

>>19526454
you can't backtest all the data... what's the future of semi-conductors... you're missing the worst parts of your data... and you're just encouraging exponential growth and showing no down side... i'ts like doiing a 2 week bender with coke and booze and all the drugs, beat up your wife, apologize and say it's sustaiinable.

>>19526498
you have to wait a few more months

Anyone remember that post where the dude said brazil will get hit the worst and the virus will mutate.....

>"We are watching the complete destruction of retail [...] and the stock markets up"
t. Scott Adams
https://www.youtube.com/watch?v=fZe47S2X8c4 (27:40)

>>19526053
What do you think about starting with covered calls 2 weeks before a company's earnings?

>>19526511
>the stock market is still linked to actual market events

heh heh heh

>>19526081
>t. femanon who couldn't take the heat of having to make actual analytical decisions with high risk

>>19526263
If you're going to /pol/ strawman the libs anon, you need to pretend to be a lib pretending to be /pol/ but in a shittier unconvincing way. Tertiary levels of psyop are required these days.

if you arent holding airlines over the weekend, you are crazy. july 4th coming up...

>>19526604
Yep, doesn't feel toppy at all.

>>19526513
>not the actual Michael Burry?
Less handsome.

>>19526263
Holy shit kys. Go back to Africa ape commie

I'm right now shitting in my /smg/diaper and no bull can stop me.

>>19526604
I'm holding SKYW until it goes 3x just wait

>Rate my portfolio
I have another 5-7k that I can put in. Thinking of going all in on DFEN with the rest

>>19526530
Oh yes. That one was thoroughly distributed as a screencap.

>>19526689
You should look at the NAIL 3x ETF and maybe ROKT. Also SSL if you want to oil chad

>>19526680
oh yea
that suppository really worked!
btw AAL crashing on open
cap this

>>19526454
Neat.
Something about these strategies bother me though... is it really that simple?

I wish I could make my own etf to 3X, but definitely too retarded.

>>19526634
The fuck is that?
Shilling from your discord?

>>19526517
>what's the future of semi-conductors
The future? Of semis? Baggy, reframe. Semiconductors quite literally *are* the future. Semiconductors are crack in all but name. The desire for newer, faster, more is insatiable. Computers, GPUs, self-driving electric cars, AI enhanced smartphones, medical devices, microcontrollers, networking gear, machine learning, surveillance, infrastructure, military, the list goes on. No matter how many cores, how fast or efficient, demand requires bigger, faster, cheaper, better. The clamor for fresh silicon gives nary shit for national identity, creed, hue, gender or other vain conceit; the multitude speaks in singular. The plea: semiconductor.
SOXL couples a single ETF entry point with the the best companies the space has to offer then pushes these already stellar returns to the limit with 3x leverage. With SOXL your economic interests are aligned with hardware powerhouses TSMC, Nvidia, Qualcomm, Intel, Broadcom, AMD, Micron, Texas Instruments, Applied Materials, et al. Real tech companies with innovative products people want, not """tech""" """companies""" pushing shitty ads. And like all leveraged ETFs, SOXL is rebalanced daily, accelerating gains in an upmarket while deftly mitigating margin risks when down.
In the last 7 years, barring the coronavirus interruption, SOXL has exploded over 55x yet still we are early. Semiconductor growth will proceed exponentially until every viable space is saturated with it. This is a fait accompli; the sheer number of interested parties and compelling outcomes make it so. The injection of increasingly compact and efficient sensors, microcontrollers, information processing and storage into everything and everywhere will be this era's seminal revolution, a revolution with SOXL holders planted firmly at the receiving end.
Stop waiting for more "pullback". The crash was a gift and fretting over the exact bottom is meaningless. Waiting.. is a failure mode. Now. Buy it now.

Now Im worried. A stock im heavily in and have accumalted while it was cheap is not only talked about on here heavily now but it seems the normies are too. It pumped hard like other stocks but am getting scared that it may lead to a dump (eg. All the stocks normies go hard on in rh like jcp with bankruptcy and literally pumping it or that one rental car company)

>>19526689
The fact that your portfolio consists solely of stocks that our shilled here gives me great room for concern anon.

>>19526511
why the 50% gain today though? and any probability of bankruptcy?

>>19526710
Hope so

>>19526710
Stop
No bulli diaperbro

>>19526015
Is this supposed to be cringe?
It hurts to read.

>>19526578
Its fine as long as youre comfortable holding that long. In this case you would wait to sell the calls after the stock rises or volatility increases. The only issue I have is that the market is highly volatile so things can turn any second, which is exaggerated for stocks that already have high premiums. What I try to do is get in the week ahead and sell the calls the same day or the next day to lock in profits.

anyone else ruined

>>19526760
Its not too late, join Covered Calls gang. Read up >>19526053

>>19526760
>prematurely aged by radioactive theta decay
that feel

Any canadabros here? I should make a margin account for day trading, right?

What on earth is happening with Rice?

>>19526702
NAIL fits my industry. I like Apogee because there has to be a billion dollars in broken architectural glass across the country right now.

>>19526812
you should practice for a few months and make sure you will be profitable before you do it for real

>>19526358
Forget TMF. Treasuries are fucked. You want 85/15 TQQQ/VIXY

Why was everyone freaking out about this earlier

>stocks only go up! It's not a bubble! Bull run!
*pop*
>stocks only go up! It's not a bubble! Bull run!
*pop*
>stocks only go up! It's not a bubble! Bull run!
*pop*
>stocks only go up! It's not a bubble! Bull run!
*pop*

est. 2017

>>19526759
Yes, what I'm thinking is buying 100 shares of e.g. Oracle tomorrow and sell a call for next Friday, then sell another for the week of earnings.

Of course still requires dd to pick the right ones but I noticed some companies appreciate before earnings only to dump if there is no surprise.

>>19526718
>is it really that simple?

Arguably yes, considering many people are now advocating for 1-3 ETF portfolios (just not with leveraged ETFs).

The main issue with these is that there an unknown level of survivorship bias. It's basically like building a portfolio that is 100% Amazon and saying "wow look at this portfolio it does amazing compared to SPY!"

On the other hand, there is a lot of statistical research on why index investing is a good strategy, and there is some compelling mathematics on why 2x or 3x leveraged investing can be successful in the long run.

>>19526888
Because im down 3.5k fag

>was getting tired of making small moves on stocks/options
>wanted to just throw it all in on some stock/option
>then just go do other stuff
>if market recovers I'm rich if it does not well I'm still poor then
>don't do it this morning prior to mega stock pump
>tfw I'd be up over 10k had I done that
>tfw I may just do it tomorrow cause screw it, it either keeps going up or I end up being in the same position I am now financially poor

How dumb am I being right now?

BUY TOMORROW, PRICES ARE STILL CHEAP

>>19526965
very dumb.

>>19526972
>tech stocks reaching all time highs despite record breaking unemployment, continued earnings downgrades, and lay offs (despite event the economy reopening).

RIP

>>19526513
I couldn't find a smug enough picture

Futures are looking pretty tasty. Nice try bobos, spamming that naz volume chart, you almost had me worried for a minute

>>19526965
Heres a secret
>Buy TNA
>Sell weekly covered calls out of the money

>>19526916
Bullish as fuck

>>19527030
future movement doesn't matter until 7 AM. Almost on the dot it hyper pumps every day at 7 AM or it hyper dumps. Anything else is just noise.

>>19527028
This woulda worked for OP

>>19527053
I was on a full flight on Tuesday. The great reopening has begun

>>19527030
BUY TOMORROW, WE’RE GOING TO ATH LAND AGAIN

oilbros....is there going to be a dip?

>>19527086
Fucking spics not keeping up their end of the oil deals

>>19527086
i have iron hands bro a roastie can not change me

Can somebody do the math on this P&L for the emini S&P? I can't bear to right now. How much profit have I made so far on this trade?

What do you boys think SSL will hit by EOM it seems to be chugging along

>>19527058
Noice. Posting this edit tomorrow.

>>19527086
>>19527099
Everyone is desperate for money, if everyone has the same price, then people who sneak out more will profit. This ends up being a race to the bottom.

>>19527055
It always helps to have a running start

I want to get started and deciding between TD and Schwab. Since Schwab bought TD should I just eliminate that as an option?

>>19527166
use cuckin hood

its for simpletons like myselrf

>>19527122
$12 at least

>>19527086
>>19527149
>mexico developing for self sufficiency
>sand-niggers and ruskis plumping up for revenue

literally no reason to come to the table. either they efficiently trade it among themselves or they make a handsome profit trading it globally

>>19527176
what about for retirement accounts

eternal
bull
summer
3800 by august

>>19526200
not now because of us china tensions but in the future definitely

How do I convince my doctor to give me Xanax?

>>19527239
Watch a Cramer video and copy whatever he does.

>>19527239
start by explaining your problem

the doctors dont hesitate to give people pills

thats what college taught them

>>19527058
why did he delete his twitter

>>19527249
Good one!

wti will go to 40 today and gap up to 42+ on monday

>>19527272
yas queen

u need to meme that for me

>>19527279
FUCK off

>>19526087
>>19526109
lol. All these corporate emails/statements/social media posts about BLACK LIVES MATTER are so fucking cringe. The most cringe part?

joggers and s0ys eat this shit up. They literally get their rocks off to this shit. Pathetic.

I fucking hate the police but this shit was enough to push me enough to support them against the s0ys and joggers.

>boot licker! the Jew cries out as he strikes you

>>19526782
What if I only have like a few k to invest lol

Pretty sure you have to like sign up with your broker for options and they reject all the small fry. Gotta have money to make money

>>19527295
dude im sorry you invested in TVIX what are you doing dude

fix it!

icant help you

>>19527317
no you actually have to have money to lose money.

>>19527317
>they reject all the small fry.

nah dude u just go on robinhood and lie

i forgot what i had to change my settings too

something like "im investing for speculation"

or some shit

>>19527318
??? wti is oil you fucking mong

>>19526053
>PLCE
Jesus, is Chewy really that good? I thought it was going to be a pets.com for sure or Amazon would kill it.

>>19527366
ya but u told me to fuck off even though i was promoting WTI

almost like you were salty

why are you salty what did you do wrong did you invest in TVIX lmao im just wondering

>>19527086
Come on, lets go. Lets have tankers moooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooon!

>>19527378
i told you to fuck off because you're a stupid spammer

>starting position at major B/D firm
>fully licensed customer service rep
>assist advisors who manage >50mm AUM portfolios
I believe I have access to what would be considered insider information. My role is to provide information for administrative tasks such as account apps, compliance, etc.
But I have an overhead view of how asset managers strategize client's portfolios and I have access to run reports on client's historical data for any particular RIA firm. Would it be a valid strategy to allocate my personal account's positions to mimic a successful advisor's model for a client that has a similar risk profile as myself? And would that be considered stealing? As in informational property laws, etc? IDK not a lawyer

>>19527329
My credit cards say otherwise

>>19527043
Okay, I don't get this.
If I am doing covered calls, it means I am gonna buy 100 stocks of TNA and sell a call out of the money, right?
Is this some safety mechanism which allows me to earn some money if the market goes down?
I don't get it.

Because of the times I take 5k of my total money and just invest it all in a single stock that I believe will appreciate. I have about 15k in other assets if shit truly hits the fan where I'd be fine no matter what.... my question is in this current bubble, is it really THAT retarded to bet big on cyclical stocks like energy?

>>19527393
spam is good back in my day they actually had like threads that were actually alive and populated

before this captcha bullshit

and you could have conversations and good times with people

and crack jokes and pop a beer with the boys

now you cant now its like lock down in internet form

>>19527317
No. There are plenty of stocks you can afford lots of 100 of. Its only $1000 for 100 shares of a $10 stock. Brokers only ask questions because its required by the SEC, they almost always approve. Covered calls is the lowest options level and you can even use it in retirement accounts. Check out >>19526053

>>19527256
Dropped too many truth bombs about the covid shutdown is my best guess. He didn't like it

>>19527370
Apparently Chewy is a 20 billion dollar company. I was surprised too, its very hot right now.

>>19527431
yeah twitter is a harsh place

>>19527317
You can sign up with Robinhood with under $100 and they'll approve you for options. Just have to answer the questions and act like you know what's up

>>19527399

>>19527317
Are you American? Wells Fargo let's you trade for free in small amounts

>>19527468
ya but the wells fargo system is like going back to 1988

and the guy calls you on the phone and hes like are you sure you wanna do this we lock your account for 72 hours just incase

do not recommend

>>19527457
CRD#: 6889452
Clean check m8

>>19527408
You're thinking of it wrong, it doesnt matter if it goes down because you can keep selling options as long as its not exercised. Think of it more like an initial investment that pays out over time. It doesn't matter what the current price is, what matters is how high the premium is. I've already made back 8% of the cost basis of my TNA while at the same time its price has gone up 22% in 3 weeks.

>>19527483
What? Really? I use their online service and I've never experienced that at all. I did it today no trouble with like 5k lol

>>19526498
I bought some calls on bzq. The hues have left me financially ruined

>>19526200
Yes. If you buy small Chinese companies you might get bogged but the Alibaba is like Amazon + Ebay + Esty + JPM(they have banking license).

>>19527399
Just post the general strategy here using a burner phone.

>>19527086
I hope first time oilbros learn why bagholding oil is on the time scale of years. It has economic AND political volatility with actors at every level trying to screw each other. Best of luck to your bagholding.

>>19527501
TNA along with all the other 3x ETFs has mooned insanely hard for a month now. How the hell are you selling calls on it that both return enough premium to be worth it and also have a high enough strike price to keep you from getting assigned?

>>19526081

Unironically yes

down -$1.5k, thinkin about Epsteining myself but lack the bunk bed

>>19527399
Insider information isnt when you've looked at an experienced individuals habits. Insider information would be like if your uncle was high up in Hertz and warned you of the bankruptcy so you didnt get your boipucci blown out the next week. You'll be fine, its ethically questionable in business but not illegal

>>19527502
ya i dont fuck with it i have a few of my stocks on there but

to be honest their software is ultra slow and shitty compared to robin hood i couldnt even make trades fast enough

its like boomer tortoise tier

>>19527539

Here's a guide for everyone

>>19527519
High $$ earners make frequent contributions to their qualified accounts. I get requests to liquidate losing MFs for what I assume are tax harvesting opportunities, but the underlying reasoning is beyond me.
Advisors are frequently bringing on new assets from client's redeeming annuity contracts. I have to imaging that would be a profitable endeavor, convincing 70+ y/o clients to redeem annuities so your firm would earn 2% for "managing" a fixed income portfolio.

>>19527574
I did notice it was slow today. I was tracking prices on 2 sources and wells was slowest to update. I'm not trading nearly enough for it to matter though I guess

>>19527530
I sell about 8-10% above strike, it might look like a small premium but it adds up.
Consider this math:
You buy 100 shares of TNA at $30
Every week you sell on average $60
In 50 weeks, you just made 100% of your investment PLUS whatever TNA is worth.
This works even if it goes down because the PRICE of the premium is unaffected by the price of the underlying stock. As long as the volatility remains high, premiums will be high.

For reference, I bought TNA at $24, and sold calls each week.
First at $23.50 for $140, then bought back for $33 during a dip to not be assigned.
Then $28.50 for $50, expired.
And currently $30 for $50. I might get assigned this time but that means I sell it for $30, over 20% of my initial buy in. If it dips tomorrow, it expires worthless, otherwise I may be assigned then I just buy back the next dip or do the same strategy on a different stock.

how did you guys get money to start out?

Why do companies do this. What gain?

>>19527633
From the US here, I started investing when I got the $1200 stimulusbux and then only started adding more to my brokerage account from the money I received from unemploymentbux.

>>19527613
Oh okay cool. You're basically swing trading the calls. I have about a thousand shares of SOXL and a couple of hundred shares of SPXL. I sell puts against the cash in my account which nets about 5k a month but I've been thinking hard about selling calls on my shares just don't really want to get assigned but I might start swinging them kind of like what you're doing. That would net a pretty decent monthly income I imagine

>>19527638
It's from 2pm to 4pm so it wont even affect most people since they are Mature rated games despite all the kids playing. Its during the george floyd memorial so they can show they "supported". Its slactivism, they dont want to be told they did nothing and lose goodwill and this is a 0 cost way to do nothing but appear like they've done something in the public eye

>Bought 5 stocks of GNUS on my dad's advice
>It all comes crashing down in about 24-48 hours
Should I hold, or should I shoot myself before I take out a loan to have enough money for capitalizing on the US reopening?

>>19527638
see
>>19526389

>>19527649
You can even buy forever hold stocks and sell way out of the money calls for pennies and youd increase your gains by 5-10% per year.

>>19527680
Why would you buy into something that has already pumped?!

>>19527605
wells fargo price lags behind i wonder if i can make money selling robinhood and buying on wells fargo at the same time

XD i thought about that for a second the other day

Anybody know a good Gold ETF? I have some in mind but this is new to me. I want to just sink some money in gold.

>>19527638
They are extorted. There are companies that perform sensitivity training and get paid big bucks for it. I don't know if you remember the whole debacle with the briefcase during the 2016 election but the head of the DNC was literally on record threatening the police chief that if he didn't get the briefcase to her she would force his department to pay out the ass for equal opportunity and sensitivity training. When this stuff becomes government mandated for all police stations, you could invest in the companies that do this training and make bank. If you ever wonder why there are rich democrats, that's why. They use laws to extort and watch their stock options explode. I know a few of them and I have watched it happen.

for example: https://corporatetrainingmaterials.com/products/Workplace-Diversity?msclkid=3559201db7181bb893457ec462187e18&utm_source=bing&utm_medium=cpc&utm_campaign=01s%3A%20us&utm_term=sensitivity%20training&utm_content=diversity

That's a 500 dollar packet. Wow. So now they are getting these companies to do this shit or they are going to have some complaints coming their way and they will probably lose more money in the long run paying for training courses.

>>19527638
How do joggers claim to be oppressed when literally every major company, media outfit, and politician bends over to lick their timberlands?

>>19527700

Go back to pol dub master faggot

>>19527694
Can you at least post better girls if you're gonna do this? Post girls from Dreamcatcher or something

>>19527713
Suck my dick and check em

>>19527698
BAR, AAAU, and GLDM all basically do the same thing. GLD is considered the "standard" but GLDM is usually more affordable in chunks. AAAU claims that you can redeem (enough) shares for actual gold coins or bars which is unique but sounds like there would be multiple hurdles to actually doing it.

>>19527691
My father and I don't have good stock market sense or a source of information.

>>19527737
>My father and I don't have good stock market sense or a source of information.
Literally just buy SPY and hold or put your money into an index fund. Index funds will have lower expense ratios but require a minimum account balance around several thousand dollars.

>>19527734
Thanks, I think I missed the boat this time but I'm going to watch these to see if they go down a bit. I guess I'll put a little in anyway just for kicks as well.

>>19527746
Got it, thank you.

What’s going on with otso gold lads? I can barely find info but I got 2500 shares. Am I gonna make it?

>>19527680
I may sound like an idiot here for not understanding but... when you say 5 stocks do you not mean actually 5? Cause what you're describing is like $40

>>19527720
i call dreamcatcher cumcatcher

theyre vampire reptilians

my approval rating is in the negative for them

>>19527694
How much do I need to invest to fuck her?

>>19527737
>>19527753
Want something that outperforms spy? BFOCX

>>19527765
Yeah, $40.

>>19527769
nigga you gay

>>19527700
fuck off racist

wrong board for your bs

>>19526815
Explain

>>19527694
That’s a man

>>19527797
Nigger

>>19527235
>>19527512
Thanks for the replies lads.

>>19527638
>>19527700
>>19527713
>>19527797
>>19527811
https://www.youtube.com/watch?v=L5zCSWesFDE

>>19527781
Why would you even worry about that? That's like not drinking for a week or skipping a meal out. If you literally would require a loan to capitalize on this whole thing then unfortunately you may just be better off not risking it. Unless you're fucking with me and theres something I do not understand

What’s going on with otso gold lads? 1.6 P/E ratio....I can barely find info but I got 2500 shares am I gonna make it?

>>19527688
based. Thanks for the pep talk anon

>>19527838
Just trying to make the most out of my money while I can, I just got into the Fleet and I may as well invest in my future somehow.

>>19527759
Yes

Making money is easy. Just follow this simple chart and you'll be rich in no time (unless you just missed it in which case you'll need to wait until 2040).

>>19527859
Cool. I’m gonna grab some more. Thanx

>>19527856
bro you make 1k/mo min. Just dump that shit into whatever. You have no living expenses except for phone bill or car. Dont buy a dumbass car, get a used one.

>>19527861
Off by one year but bretty gud. Will sell before 2027.

>>19527952
why do boomers think they have the most time

you ever notice that

I literally have no idea what I’m doing. Just buying stuff that seems cheap. Kind of wanted to sell today but this shits gonna keep pumping isn’t it ?

>>19526760
Massive fucking cope. The meta nowadays is to get to $25k gambling options and then go full daytrader. Options selling is gay as fuck. And thanks for buying my bags and selling $155 OTM BA calls you greedy fucks. Hope you’re enjoying them lol. Goddamn it must be gettin heavy!

Will the next leg down be a steep dump like feb-march, or crab down?

>>19528035
We're never going down again, the printers can't be turned off

WHAT WAS THAT

>>19528035
It's only going up, everyone has figured out the stock market is just imaginary clap money after seeing it fly up while a pandemic put 50 million out of work and major cities burned. If everyone just keeps raising the price forever you can buy in and sell anytime and always make money. Works out for everyone

what are things that could plausibly trigger a crash within the next week?
1) riots escalating beyond anyone's control
2) Trump escalating/resuming/poking the trade war
give me other examples. i need hope that SPXS will pay off

>>19528057
>>19528045
>>19528035
to expand I mean this seriously, 85% of all trades are AI/algorithm systems with minimal if any human input, eventually the smarter ones will figure out that they all make more money by working together

>>19528057
It's not hard to understand why it's rising, I don't get why people are shocked. Only small businesses are closing and people with money are spending it on all kinds of shit. I've spent a lot of money the past two months and it's all gone to big name corporations with stocks. I don't understand why people are so confused about this.

>>19528050
An almost $1B notional value move in under two minutes.

futures printers just kicked on.

holy fuck...sold my call contracts at the top of that wick perfectly.

>>19528072
defaulting to start a war with china, maybe just a full on economic war that requires countries to choose between the two

>>19528082
>Small businesses employ 50% of the American workforce.
>Only small businesses are closing.
>Large companies also going bankrupt.

>>19528072
Cascadia/Long Valley
India and China fighting more
Surge in covid deaths from memorial day and riots

>>19528082
A lot of people forget that the middle class has only 6% of the money

>>19528098
They get unemployment checks though, and the other check that from the government to help them get by. You think they just put that into savings? Then consider people are stockpiling certain products and buying more than they normally do.

>>19528094
I don't think that's plausible. two countries are too interlinked economically. too much to lose.
I tend to be optimistic about Sino-American relations longterm

>>19528072
>what are things that could plausibly trigger a crash within the next week?
The money printer is all that matters. It will even override Chinese trade concerns. And it isn't just the money printer in the US. Any printer pumping out fiat will inflate equities because
a) fear of inflation
b) best ROI for any corporation is buying back shares with loans since demand is shot anyway for at least a couple quarters ("PENT UP DEMAND" is a very short lived meme for only a handful of industries)
c) TINA
There is a sugar euphoria going on right now that is impervious even to things that made it "nervous" a year ago like trade wars.

>>19527856
> He didn't save his $12,000 signing bonus and dump it all into the market in March

>>19528117
I think it's plausible but I can see why you feel that way.

>>19528050
Oh my God, Its the Bullboi Oooooooh

If you guys cant figure out why its going up, there is no hope. If youre little ass brain comes up with some reason like "people are spending more", "people are optimistic", "hope", "everything is fine"...youre a sub human baby brained moron.

the fed. Jerome even said theyve only lent $300b and it was leveraged to over $2.3t in loans. Theyve gotten the go ahead to purchase Trillions in bonds....which will be leveraged infinitely by the banks because the banks at this point have no fractional reserve. Banks will magically create $50trillion dollars. They dont give a fuck...they'll just keep giving loans to pay loans.

Stocks are not going up, you just need more money to buy the same shit.

futures vomit green
i'm financially rekt
bobo down need medic...

>>19527920
Aye aye, thanks.

>>19528125
I didn't sign on to the Navy to be a BM, especially with my inflated ego and 87 ASVAB. So I said fuck the signing bonus and went in as an Airdale.

>>19528161
I am going to be waking up to some crazy losses as well :(

>Schwab rates Coke an F

Is it because it’s retarded to spend $50 on the stock given the dividends?

>>19528202
if you have a few shekels left check out PTON...i have $40 puts at 6/19 exp. never felt more confident in my life. that fat fuck is going down.

>>19528167
Are they not giving everybody a $12,000 bonus anymore? Also,
> airdale
Lmao

>>19528116
>You think they just put that into savings?
And do you think it's going to be enough to cover all of their debts, in addition to their daily living needs? As of now, the PUA ends in July. The CARES act PPP-related loans/grants have a mandated employment period covering September, after which employers can begin laying off employees. Many employers are already attempting to get employees out the door early so that they can start trimming operating costs now, before they matter due to revenue declines becoming longer lasting. Some companies, for example, some airline companies, have already announced they'll be laying off up to 10%, 20%+ or more of their work force as soon as they are legally allowed to do so.

The unemployment system and PPP are extremely inefficient as it stands, and are bogged down by those inefficiencies in getting the money where it needs to go. On top of that, this week saw the first increase in continuing unemployment claims. Keep in mind we'll be seeing high unemployment levels near-term, which will be exacerbated if small businesses are allowed to fall. If the acceptance rate of PPP small business loan applications is an indicator, those failures are a very real possibility.

Now, all of these people by necessity will need to save due to uncertainty in their future employment prospects. As such, where is the increased discretionary spending going to come from that would otherwise fuel corporate revenues? Once these companies can't maintain current operating costs, where are they going to start trimming?

>People with money are spending.
Not yet. It was the lower income earners that were buying heavily the last few months while higher income earners were saving.

>>19528160
Nice. The problem being that the banks are tightening credit requirements and the money isn't being loaned to the degree that would otherwise be expected, meaning it's not, in reality, moving out into the broader economy quickly enough.

>>19528072
The stock market is already immune to 95% of "bad news". So it has to be some kind of event they haven't even envisioned would happen.

Like:
Yellowstone erupting
Trump in hospital, dying
Biden elected
Virus mutating and killing younger people at 10%+, instead of .03%
Nuclear attacks/war

Just about anything bad can be fixed via Federal Reserve....it has to be frightening to spook the markets.

Looks like Trump isn’t backing down against Chinese dogshit.

>”In the meantime,” DOT wrote in a statement, “we will allow Chinese carriers to operate the same number of scheduled passenger flights as the Chinese government allows ours.”

>>19528282
Stay mad, but nope, pretty sure they only give the bonus for PRT and the shit they train you on as a future sailor if you wait out a year or so to be assigned a new rate.

>>19528295
ah yes trump bringing back the golden rule into office

>>19528290
Oh hey I don't think it's going to stay this way, just saying right now it's going to boom for a bit. I know some people think I'm dumb for saying this, but people are literally being funneled into a few markets because their options are so limited right now.

>>19528295
>EAT SHIT CHINA
Based.

>>19528258
I have plenty of F rated stocks in my Schwab portfolio and some are up almost 100%. Just use caution, don’t YOLO

>>19528050
A correction

>>19528297
> Being jealous of Topsiders
LMAO
But in all seriousness, stay safe out there lad. Buy a rack fan and like 7 external batteries.

>>19528354
Yup, and by external batteries, you mean those portable power bricks for phones? And where the fuck do I get microfiber towels and rack curtains?

NKLA - a meme or the next big thing?

After retracing over 50% SHRM is starting to hit previous support levels.

Green tomorrow.

>>19528309
>>19528333

Alright lads. What does this say about China and the recent deal with signed with them? Obviously they can’t be trusted on the best of days.

What now?

>>19528389
the next big meme

>>19528323
That's not dumb at all, there's a huge sense of T.I.N.A. in equities markets right now. Where else are institutions going to put their money with yields and rates this jagged up and inflation possibly on the horizon?
>>19528258
god I hate the average analyst

>>19528389
>no product
>no innovation
>literal who CEO
>3D models of shit Tesla already made
>its called fucking NIKOLA
How much more obvious does a scam need to be?

>>19528389
Meme of meme's. Would strongly stay away. Tesla is a better choice.

>>19528389
What the hell, they ripped off Tesla's product AND their name?

>pajama traded the last 4 nights
>good gains but I need sleep
>"wait....was that a fucking bear?"
>expected a crash tomorrow
>"crabfest today has to be the bubble"
>"is that a fucking bear? Fuck fuck fuck"
>sold a shit ton of stock after hours
>futures are fucking green

No fucking sleep tonight either, huh?
I'm making money, but my sleep schedule is all fucked up now.

Fuck my life m8s

Guess I gotta buy premarket again. Still going to short it.

>>19528368
Yes, those bricks are life savers. I don't know where to buy rack curtains,I never did myself. We used to have an ad taped to the wall in the store room, but I don't remember the website, sorry. Buy micro fiber towels in the Wal Mart auto section.

>>19528445
OK, thanks. For references' sake, can I get microfiber towels from a gas station/auto hobby on base or from the Exchange?

>>19528414
It's the Poor man's Tesla for sure with a less faggot CEO, but definitely has potential.

AMD did exactly the same thing with Intel chips. Now they're rivals.

I got 30 shares just in case.

Clothes companies fucking tanked in the last 2 months because of this MemeVirus Lockdown. You think it's a safe bet with some bigger brands or people will have to prioritize bills and food so they'll buy cheap clothes at Walmart?

>>19528389
boomers and TSLA shortsellers will 100% jump on this.

Do we have some fucking anarchists or something right now?? First the window-breaker with the umbrella at the autozone, now arsonists starting forest fires??

>#ColleenFire (San Jose) - SJFD units have visual of 2-3 people lighting fires in the area of Deer Hollow Dr, law enforcement requested. E1662 has a visual of a drone over the incident too (unsure where).
>— CA Fire Scanner (@CAFireScanner) June 5, 2020
https://twitter.com/CAFireScanner/status/1268736255388315648?s=20
>#ColleenFire (San Jose) - Suspect in custody w/ the machete, atleast 3 fires burning w/ the largest being furthermost west. SJFD unit saying another 3-4 spot fires in a creek. >pic.twitter.com/dcgvbPx1xo
>— CA Fire Scanner (@CAFireScanner) June 5, 2020
https://twitter.com/CAFireScanner/status/1268713629026664448?s=20

Now, what does this have to do with stocks, you may be asking?
Generac comes to mind. There are other publicly traded companies that sell generators (generac makes some nice ones, run of Natty gas which is cheap as hell). I know Tesla has the power wall, but that stock doesn't need a fundamental improvement to pump.

I have 10k freed up to to invest tomorrow. Anyone have suggestions?

>>19528453
I've never seen them at the exchange, but mine is a small piss-ant store. You might have better luck if yours is large. No idea about gas stations.

>>19528442
I’m too stupid to trade after hours. I’ve tried and no one will buy my shit. Maybe because of low volume?

I tried buying but kept getting this retarded error message...

>>19528479
Awesome, thanks man.

>>19528467
Elon is based as FUCK bro.

Tell my why i shouldn't put mony into Hertz after arlines pump almost 9 fucking billion dollars into it?

>>19526755
>No bulli diaperbro
fuck diaperfags for bringing their cancer here
i wonder how many fell for their propaganda

>>19528481
As long as you set a limit it's pretty easy.

The shitty part is if you let it ride at Market price. That's how people get really fucked since there's stupid wild swings pre-market.

>>19528476
AAL, I want it to moon again

>>19528433
I can't help but think it's Chinese or something. It's so bold in the way it's been done.

>>19528483
Np, have
> fun
on deployment

>>19528476
Microprocessors/integrated circuits if you're looking long term.

>>19528323
>It's going to boom for a bit.
It's all about Fed liquidity right now, and that is winding down compared to two months ago. Hopefully we'll get an update today as to their weekly change in the balance sheet. There are diminishing returns to monetary policy, as we've seen Powell make the case again and again for additional fiscal stimulus. The credit market is stable. The Fed vol. put is working for now. What he can't conjure up, though, is cash flow.

>>19527861
I still don't get how to read this.

It's following some sort of Sin Wave market theory?

>>19528407
>>19528335
>>19528258
You need to actually read the little print next to the rating.
>Schwab Equity Ratings is a quantitative measure of the...
Schwab ratings are purely quantitative, you can look at a company's valuation and pretty much know how Schwab is going to rate them.

Morningstar is very similar, I don't like either of their analyses. Also CFRA I have a problem with. I like Credit Suisse because they've made me money.

See pic related to get a better idea.

>>19528291
>Trump in hospital, dying
>Biden elected
Neither of these are bad for the stock market. You could make the case that they're bad for America, but they would be good for the market after some weak hands are shaken out.
President Pence means a steady hand, no late night tweets about China. President Biden means reversing tariffs and attempting to accelerate globalization (good for the giant corporations that make up the stock market).

>>19526081
Based.

>>19528481
Theres really no reason to do it, its just more stress for the same return. Optimizing your overall trading strategy will have better returns than trying to learn a new market sector.

>>19526081
It would be fucking hilarious if there were some nutty billionaire heirs that actually did this and you knew which astrological cycles they followed. You could just piggy back on their loony tune method and stay afloat.

>>19527800
Ag commodities don't tend to go parabolic and store hoarding has been down for a while now.

Is listening to /biz/ or /smg/ as retarded as listening to /fit/ for fitness advice?

>>19528476
FB. It's recently dipped and is a solid ack at this price.

good morning, slept like shit again, dreamt of huge red dildos and bears

>>19528291
Presidential election doesn't matter, as much as you /pol/ retards think it would. JPOW is far more powerful than any president when it comes to the economy outside of literal nuclear war.
JPOW absorbed the residual energy inside the Fed to turn into a new Bernanke after spending years criticizing his actions. As soon as his Oct stimulus didn't work he went MAXIMUM PRINTER. The Fed has very few tools left and anyone elected to it will do the exact same things.

>>19528564
yes

>>19528481
don't bother. the reason the market has hours is so you have some time to rest without having an aneurysm at the age of 20.

>>19528516
>Microprocessors/integrated circuits
do go on
I've been looking for something more interesting than MU, AMAT,

>>19528259
Really? I expect it to pump when we get a second wave.
>>19528160
Certainly a big part of it, but inflation isn't uniform. Rent, healthcare, and academics are going up, but a lot of shit just hasn't. I suspect that one of the ways money has disproportionately trickled up is through asset prices, it's almost literally a wealth transfer.

>>19528520
We already did and it's the slowest since the Fed blew up earlier this year, only like 50b

>>19528555
>World wide starvation soon
Yesssssssssssssss

>>19528564
Yeah.
Good advice on both, but sometimes a meme can get you killed.
See the guys who fell for GNUS at 11$ kek

Lads what jobs are worth it if I want to accidentally get ended, I've had enough of this world and I also bought into MRO and RTX?

>>19528597
Underwater welder

>>19528603
I want it to be quick like all of my gains leaving me.

>>19528564
/x/ is for financial advice

/lit/ is for fitness advice

/v/ is for everything else EXCEPT video games

/ck/ and /his/ are for video game discussion

>>19528597
RTX should be okay... looks like BA is gonna get those planes approved this year (i think)

>>19528613
Its not my stock picks I've come to realize that I am aimless and life is just suffering for no purpose.

>>19528564
I got rich off ocgn here, put my savings into that shit. Now I just post here for fun.

THANKS /biz/!

>>19528580

There's still $28 left. You know what must be done, anon

>>19528397
>I didn't take profits at almost +50% on my cost basis because I just needed a few more cents to get exactly that 50% and satisfy my autism
>Now down 20%, but what's worse is that I could have almost doubled my shares if I had sold the high and bought back in at this low
Hold me SHRM bro, I'm in pain

>>19528564
Some posts are good >>19528160
But most of this board is about going all in in penny stocks/cryptoscams.
Usually I come here to laugh at retarded coiners after another Bart wiped out all of their savings but now I have some money to invest myself.

>>19528658
well I was laughing at crypto back when it was shilled on /b/, kind of wish I didn't now and I still haven't figured out how to invest in it.

>>19528582
Look into SIMO

>>19528523
>Schwab ratings are purely quantitative
Really now! I don't think I've ever consciously looked up ratings before, maybe this makes me look wildly ignorant but ever since I started trading I assumed the ratings industry was largely shady bs, only useful for trading short term action based on an up or downgrade. Now that I think about it I'm not sure why, the concept of asking some institution what to buy has just always seemed gross to me o_o
>>19528582
I've been trying to get a handle on the CPI to judge stuff like that, but it seems like it hasn't moved that much. I wish I understood how velocity of money really worked

>>19528582
I'm finna cop broadcom, TXN, and SWKS tomorrow. Taiwan semi conductors is the largest manufacturer and the demand is only going up. We missed out on profiting from NVIDIA, but it might still be worth buying. The cost is kind of prohibitive tho and I think you would have to be looking very long term to really benefit from it.

>>19528476
Otso gold

>>19526760
>has lost one year's salary

that is me

>>19526081
BASED

Baking

>>19528693
holy shit

NEW

>>19528727
>>19528727
>>19528727
>>19528727

>>19526760
what the fuck!

>>19526015
Is there an index that tracks Facebook Apple Amazon & Google?

I'd like to keep track of support for these as it seems they're still creating this market with their buybacks.

>>19528259
Naw I'm finished. Just going to close my positions and delete Robinhood.
Goodbye my friends. I plan on dying in battle tomorrow morning as a martyr. Keep on fighting the good fight.

>DOW is back to pre-crisis level even though we‘re still in the crisis
UUUUUUUUH...

>>19528764
>evil Internet / software cooperations index
But you'll have to buy into Microsoft too

>>19526086

Fuck off hydrofag

T.Oilchad

>>19529600
Pfff my Prius has Power mode which makes it do 0-60 in like 10 seconds.. Worth it though because I'm saving a shitload of money driving it which allows me to buy more stinkies.