/biz/ - Business & Finance

First

Second

>>8875247

Reposting from tail end of previous thread.

Pretty good interview with Derek Ross of my pet penny stock Future Farm Technologies up on Technical 420. It's a bit of a hype piece but everything Ross states in the article is true. Keep in mind federal legalization of industrial hemp is much closer than rec sales of marijuana is in the US (there is already a bill making its way through the process right now):

https://technical420.com/cannabis-article/future-farm-positions-dominate-industrial-hemp-industry-starting-maine

It seems investors like this article as FFT is currently +11% today.

>>8874990
can you talk a bit more about this? is the implication that you pay less for earnings off hardware like APPL compared to software/service companies? why is this so?

AAPL P/E 16
AMZN 311
FB 27
GOOG 56
NFLX 212

reposting for this bro hoping to gain some knowledge about his reasoning

>better short a company which has been beaten down massively over the past week and has negative news all over the mainstream media

Never going to make it son. Did you not get the memo to buy the rumour and sell the news? Same with FB, but you need to sell the rumour, then buy the news.

REITs tanking, buy the dip

>>8875231
my blood alcohol was a .330 when they took blood and my friend and his father took me in

>>8875313
not him but imagine the marginal profit from an additional consumer. if you're apple you have to physically build a new computer and it costs you raw parts, shipping and so forth. if you're facebook it costs you literally zero to service a new customer.

>>8875331
Do you think it is a good idea to sell put when you are long a stock ?
I just sold a put on OHI and I plan to be long on that.

>>8875344
What the hell is going on?!

>>8875332
The highest BAL i've seen in someone who was awake was .7. Dude was a drinker all his life. He would go into full on DT's WHILE STILL WITH A BAL OF .3.

He died alone on a cold day.

NAK attack

Why did DIS crash today? Should I buy calls?

>>8875355
that does make sense and what i was thinking but i wasnt sure. How is this affected by how much Apple makes from the App Store? At this point that revenue has to be one of their biggest doesn't it, but I have no idea how much they make per iPhone of course

>>8875372
we're at war.

>>8875372

idk but I'm getting fucking tired of this shit

>>8875389
app store revenue is increasing but apple's revenue and profit line is still dominated by the iphone

Is LBCC getting delisted?

>>8875372
boomers are continuing to move their retirement funds away from stocks.

>>8875455

Yes sir.

I sold my junk bond puts, political uncertainty is driving boomers to bonds even with rate hikes.
Rip :(
What should i replace it with?

>>8875548
mdxg

>>8875548
long oil baby! We are about to deliver some freedom and democracy to some shitholes in the middle east.

>>8875493

and into what?

https://www.cnbc.com/2018/03/27/goldman-sachs-computer-model-warns-bear-market-is-near-but-the-firms-analysts-dont-believe-it.html

DENIAL
E
N
I
A
L

>>8875608
>nbc

fake news

>>8875595
>and into what?
Bonds. It's why the yields are remaining low even though interest rates are rising.

I start with shitposting from a kayak now I shitpost from a boat

>>8875313
>>8875509
>The expenses of software are much more concentrated on growth, just fundamentally from how the business model of software companies work as opposed to hardware companies.
My response from the last thread.
I typed out a really fucking long post on my phone, then it said "response too long" and deleted the whole fucking thing.
Give me a minute to do this again.

>>8875587
Do you think USO can gain 8% by August?

>tfw robinhood keeps almost marking me as a pattern day trader

this shit is so fucking annoying, why do they care if i lose all my money?

>>8875720

Because the government will fine them

>>8875641
thanks man im still learning trading and this makes sense, the more investing a company has to do to generate a dollar in revenue the less as an 'investor' we should pay them forthe right to that profit

Is this also why almost all the biggest companies by M.Cap in the world are predominantly software, besides Apple? The extra revenue they generate just scales their stock price/mcap so much more than old boomer companies selling dumb hardware?

>>8875663
Do this and you'll get 14% for as much margin as you want to risk.

>>8875388
ESPN+ released today. People selling the news.

>>8875720
There are federal laws about day trading.

>>8875720
It’s not a Robinhood thing, it’s a regulatory thing, I think.

Pic related are my options. At least they’re cheap desu.

>>8875663
>Do this and you'll get 14% for as much margin as you want to risk.

>>8875780
>Pic related are my options. At least they’re cheap desu.

>>8875780
I’m such an autistic poster. Forgot pic.

>>8875313
>>8875313
Ok, so software companies are much better economies of scale.
I can start a software start-up from my apartment on my couch and the only risk -- all I have to lose -- is my time.
Additionally, a website can scale to millions of users before experiencing any growing pains. If you have any monetization plan at all, you'll have fat wads of cash to pay for a team of brilliant developers to fix the issues for you when you finally do experience growing pains.

Hardware, on the other hand, requires an investment. To sell 1 million computers, I have to make or buy 1 million computers.

Software -> profit = revenue - (salary)
Hardware -> profit = revenue - (salary + cost of goods sold)

Specifically addressing the P/E ratios... Software companies expenses are salary. Salary is paying for employees to improve and grow your product.
If FB laid off all their employees, they'd still be making billions in revenue and only paying hundreds of thousands or so for the cost of running their servers. It'd be like 99% profit.
Alternatively, AAPL gets billions in revenue, but they have to pay billions to make those computers.

Hardware companies have to think about their profit margins in a way that software companies don't until they get to the scale of Google and are in the fortune 500.

Hardware companies have a completely different mentality when it comes to paying for employees. Employees cut in to the profit of each computer sold and contribute to how much each computer costs.

Salary is paying for GROWTH.
The main and basically only expense of software companies is salary.
The main expense of software companies is GROWTH.
Hardware companies have to pay for cost of goods sold and try to subsidize growth with the profit margins left over after taking out billions in costs of goods sold.

Consumer Cyclicals are gonna get rekt .

Cmon trump I need a war in Syria for those sweet KTOS gains

Also KTOS is currently holding tight above 11.05 support. Next resistance is in the 11.50 range.

It seems the lest I trade, the less money I lose. It's getting to the point where I actually ended green yesterday

>>8875764
>>8875787
Trying to decide between August or July Calls. July is 7.5% break even, August is 8.5% break even

>>8875720
Stop trading on margin

>>8876005
Went with this

>>8875922
So the idea when investing in either of these types of companies is that you have to worry a lot more about debt and eventually bankruptcy with a hardware company since they have to spend money BEFORE making it, relative to a software company? So software trades at a much larger premium because they are much more likely to continue to generate top tier profit/revenue with a relative lack of costs necessary to faciliate that revenue?

And this basically shows up in investing with say sub 20 PE ratios for hardware companies and up to 60-80 PE ratios for software companies, generally speaking?

>>8875797
That's one of the worst lineups of investments I've seen in awhile.

>>8876078
That's going to be a tough one... You're going to need the national average for diesel to hit like 3.5 by the end of may to make any money on that. Which is entirely possible.

>>8875797
>expires worthless

>>8876095
The higher P/E ratio is for the higher prospect of growth for software companies. Their products/services are easily scalable and require little capital expenditure. Besides, because of how the GAAP was conceived, the R&D are expensed which is not true. The knowledge and know-how are stored somewhere, so R&D should be capitalised. That's why tech companies like focusing on the non-GAAP figures.

And generally speaking, software companies boast higher ROIC and margins.

>>8875720
What happens when you get 3 ?

>>8876130
I chickened out and sold it for 0% gain kek

>>8876188
Robinhood locks you from making any same day sales past 3 as long as you have PDT protection on. If you make a fourth, I think its a 90 day lock out on any same-day trades

>>8876209
unless ur portfolio > 25k

If you have to ask about PDT rules you don't have 25k
t. 2.5 portfolio

Holy shit did you see what happend at TVIX's office today? I just got this from the CEO.

>>8876209
Whew thanks was about to pop that cherry

>>8876275
pls no

My power just went out and my phone's data isn't fast enough to update Robinhood. Rip

I sold all my bags which were about 80% of my portfolio. I have about $5k I’m buying power. What’s a good buy right now?

lol holy shit RIGL said FDA approval then CEO said announcement was a mistake, now there website is down

Old ass boats parade

KTOS looking good still

need a good end of day buy bros, no memes pls that means no amrs

>>8876580
Are you sure??? If so I'm buying PUTS

>>8876538
Did you download that pic from one of the /smg/ threads?

>>8876557
FB, QQQ mid-term calls, maybe DFEN, probably TVIX inc.

>>8876645
yeah look it up

TVIX Will recover right?
the acquisition will go trough right?

>>8876722
FUCK IT I BOUGHT PUTS

KTOS should hit 11.50+by next week, based on resistance support levels from simple MAs. Need to see it stay above 11.05 this week. Should have some contract announcements soon, including overseas contracts. We gotta arm our allies to drop bombs in Syria.

>>8875797
>BKS
I've been considering this too.

>>8876101
>BKS puts
>bad
Explain yourself. AMZN is sending BKS out of business. Check their 1 year stock history.

>>8876765
i think youre good its setting up for a head and shoulders

>>8876650
Yeah! She's waifu of the week https://autismincorporated.org/waifu-of-the-week/

>>8876782
it would presumably at this point if it stays above the kijun jump up to and cross the skinny ichi cloud at 11.75 wouldnt you expect at a high frequency? local high 12.6-~ next resistance on its way up to the moon

>>8876807
I may have been the one that brought her here

>>8876723
Fucking kek. I love these posts.

>>8876794
And yet BKS continues to climb
>4/20 put
That's asking to get justed

Post your layouts lads

>>8877004
Just look at any RH screenshot for mine.

>buy LABU this morning at 83
>sell it at 85 shortly after
>crawl back into bed and take a Trader Nap™ until now
>look at LABU
>its at 86.50

CURSE THIS HUMAN BODY

>>8877127
nobody ever went broke taking profits

>>8877127
i never heard of anybody going broke taking profits, either partial or full

>>8877138
be gone thot

Green as fuck today.

>>8877146
>>8877138

>tfw bagholding

When will amd reach $11??

This Market Complacency holy shit.
People are expecting too much for earnings.
This is gonna end up in tears.

>>8877164
if the answer is "slower than another stock will rise by the same amount," sell AMD and buy that other stock. I lost 20k holding a stock during the trump bullrun. dont be me anon.

>>8876848
I'm worried about volume. It hasn't been getting much attention. It needs some news. With news I think your right and we'll blow up to 12.6 and likely shatter resistance.

NEED muh gremlins

>>8877164
put in your limit sell at 10.90. as soon as it hits 11 it's dumping to $9 in 1 day

If JPM doesn't deliver tomorrow, we're about to see the drop of a lifetime. If they hit, golden bullrun. Place your bets and buckle up.

>>8877201
Don't get eaten by a shark

the golden bull run ...

>>8877201
are you a retired pro trader just chillin on your boat with your profits? whats with the pics today just curious

Why do I have to fund my account at all? Why can't I just trade stocks, have the brokerage firm mail me a check for my profits or, if I lose money, I'll mail the firm a check for my losses?

>>8877194
>if the answer is "slower than another stock will rise by the same amount,"

If you're on margin, you can borrow up to 70% usually of the stock's value to buy another stock. Thus, you hold two positions for the price of one. It's risky as fuck, but it can help in these type of situations. It's just one way.

>>8877359
because nobody trusts you

>>8877359
>Do a bunch of risky trades
>End up -$500,000 in debt
>"Please send us a check for $500,000"
>Skip country
>Do it all over again under another account

Don't open a brokerage company, you'd lose money very fast.

I have XLF calls. Hodl through earnings?

>>8877359
That's literally what margin is. You have to put some of your own money in as collateral to stop people from running away when they go bust.

>>8877359
cheque*

Not Closing my Short.

This last minute market pump feels like a sham. I think its going to be a big assraping tomorrow.

>>8877004

>>8877004
oops, its mostly for crypto really but sometimes I dabble with SPY

>>8877522
Nah bro
Have faith in Wall Street

>>8877522
Save, Volume doesn't back it.

algos building fake support and ass blasting the market all day.

>>8877545
Time to buy eggs and corn I guess.

anyone in CTRL? Do you think it will go back up?

>>8877574
If it is survival stuff for when shtf, you better stock up on toilet paper
This shit is much more tradable

GPRO
P
R
O

>>8877601
If it comes to that, I'm medically trained so I'll whore myself out to do forest surgery.

>>8877623
You gotta have currency
A kind of store of value

>>8877255
Thanks comfy I'll try. Saw some dolphins and sting rays.

>>8877312
No I'm just chilling in pensacola for the week. Such is life in the South.

>>8877605
Waiting for their out of business sell

>>8877648
I've got plenty of dollars

Is this bad? or doesnt mean nothing and not afraid of anything?

Should I buy stock in Facebook? I think they'll eventually come out of this okay and the prices are kind of low right now.

>>8877665
xi jinping gonna pump it real good

>>8877704
no facebook is dead money

>>8877690
The stuff about toilet paper is from the tales of FerFal, during the Argentinian Crisis in 2000.
He said one thing even more precious than money or food was toilet paper.
Shit is funny

>>8877704
Short it or stay away

Well lads, I'm not sure what to expect out of the market. Tomorrow will be the day I decide to suck it up, get rid of the bags and call it a tax write-off or to see if my gambling addiction will pay off.

I believe in you: board of TVIX

>>8877713
Ty basee xi

>>8877798

JPM earnings premarket will set the tone for everyone

>>8877823
and looking at the way it sold off in the last 30 minutes of the day today...

yikes

lot of people getting out before earnings

>>8877823
I don't think people are hungry for new credit and loans any more, we are gonna go into a deleveraging process.

>>8876937
I missed the expiration date. You are right; he's asking to get JUSTd

>>8877752
>Thinking it still has room to fall
I don't know why I keep fucking telling you guys

>>8877859
So then, should I buy stock in them?

>>8877823
Oh shit, I didn't know about that.
That is going to be big.

>TVIX Inc Recovering After hours
>GOPRO Shooting Higher

https://www.youtube.com/watch?v=70I2JcZHn6c

>>8877704
Is the contrast on this high to make the booster seat blend in?

>>8877859
I mean, valuation doesnt mean much, but at least from earnings it still overvalued... As is much of the market.

>start down 12%
>end up 1.75%
What a comfy day

>>8877950
Probably

>>8877848
Thounuts on chone's ecommerce long ?

>>8877823
Citigroup is tomorrow too.
Both have posted high values for expected earnings.
Didn't realize this was going to happen, and I bought a last minute call option for SPY.
Now I gotta buckle up for this shit.

>>8877964
I like SW too. But, basing purchases based on value score alone isn't great. FB has great past, future and health scores. Not great value, but look at it's other stats

>JpMorgan Reports profits one tick above estimates
>Sells off -20%

Calling it.

>>8877964
where are you getting this? is this just putting the current and future PE ratios in a bar chart form?

>>8877665
Fuck you! Me swing trade gi pro accumulating for when the chinese rip oFF gopro gets fapped with copyright infringement !!

GoPro $10 eoy

>>8877886
Sure. I'm holding mid-term call options.

>>8877967
That's the best shit.

FB is continuing to decline. An hour ago it was $164. Probably shouldn't buy stock just yet.

>>8877992
no clue about Asia.

>>8878001
Fucky Friday incoming

>>8875548
Invest in $GOP
Republican policy fund

>>8877704
i dunno I dont have any facebooks the mind of the normie is an enigma to me

>>8878036
Simply wall st.

Its a viz website. Not shilling here. Its OK at showing you the basics. You still need to make sure that you believe the current market (which I don't for FB in terms of future) but its a good way to start research on a company.

>>8878059
Here's my options positions.
They're net positive.

>>8878100
oh its paid, lame man

>>8878076
It's Friday the 13th too. Hold me.

>>8878080
Holy shit, I thought you were meming, but it's real

>>8878076
>>8878139
Fug.

>>8878177
$dems too if u r a fag

Remember tomorrow is Friday the 13th :^)

Pretty good day for me. +8%. Low volume all day but when volume did show up it was in the form of last minute rallies to close strong. That usually means gap up the next morning.

Thought I got myself in deep shit today with my FB puts, only ended -.7%

>>8878080
what the shit is this lmao. do you have a link to the prospectus?

>BBBY Reports earnings 1 cent above estimate
>Tanks -20%

BOGGED

>>8878255
No. I'm on mobile check etfdb

>Trump just said he wants to rejoin TPP
wew lads

>>8878268
here we go

http://etfdb.com/factsheets/GOP/

CNBC is literally talking about being back to "normal". You can't make this shit up.

>>8878262
Why would you buy such a D Y I N G company? Discount retail I can totally understand like Target or Dollar Tree, buy why BBBY??

>>8877359
>mailing checks
I didn't know boomers used biz

>>8878029
I can believe this.
Feels too real.

>>8878204
That'll be valuable. I'll play that if they win in the fall, but fuck them.

>>8878233
What are your positions?

>>8878239
>holding puts on FB over a week after it's low and watching the price rise after he speaks in front of congress
>FB actually down for the day
>Still somehow net down on full portfolio
I'm holding calls on FB and my portfolio is still up for the day. What the fuck are you doing.

>>8878318
Sell everything and short!

>>8878322
I didn't touch it, I expected to climb due to the overheated housing market.

>>8878318
>>8878353

Isn't there a meme about returning to normal and the inevitability of what comes after?

>>8878262
>market is efficient and rational

>>8878425
because earnings per share is the only thing discussed in the quarterly report right?

>>8878400
Yes it's the bull trap on the meme bubble chart.

>>8878532
>Bubble
It's just market cycles. What goes up must come down.

>>8878351
i dont know about JPM (might play a straddle), but i can tell you that these earnings expectations are far too fucking high. the volume on these banks going into earnings is unbelievably low (less than half of the average daily volume in BACs case atleast), not to mention the lack of volume overall. something is up and it seems a BUNCH of big money is sitting on the side waiting to see whats next.

im doing some research tonight and picking which banks i want to play straddles/calls on, and which i want to get puts for. BAC is already on my hitlist.

i have a terrible feeling that this ER is not going to be the saving grace that we need at all. on the contrary, with earnings expectations up to record highs (in the past few years at least) across the board on every bank, i expect some of these banks to miss terribly. i cant think of a single solitary reason why banks would be making that much more money for this quarter. its nonsense.

does anyone have any other major bank tickers that have ER in the next few days?

>>8878924
Wells Fargo (WFC) has earnings tomorrow morning. I bought one share because fuck it

>>8879037
before or after bell?

>>8879037
>>8879087
nvm im a retarded illiterate faggot

>>8879103

We already knew thst

>>8878924
Do you want the smallest cap bank run by people of color not traded OTC? Of course you do! Look into CARV for a good laugh.

BUY IT BECAUSE YOU LOVE DIVERSITY, BIGOT

>>8879148
kek
>>8879184
ha sure maybe. but im focused on big banks though, as i think theyre hiding something, and with the huge ER expectations, some are bound to blow it. i didnt save it, but baggy had a chart on BAC and the volume on the daily dropped off a goddamn cliff, and still hasnt come back. thats kind of odd behavior for the beginning of the ER season. perhaps people are just being cautious, and i wasnt really interested in it before, but with that YUGE dip (that hasnt recovered) on all of US finance, my curiosity is piqued.

also, does anyone know of a way i can see which other banks bank of america lends to? if they tank hard i expect those to take a hit as well.

>>8879148
Not when it comes to options, I learned a lot from him, can't vouch for in general though lel.

>>8879184
Hahaha, holy shiiiet mane

>>8879444
THAAAAAAS RIIIIIIIIIGHT

https://www.youtube.com/watch?v=dbd9tfNUOkA

>>8878924
There you are! I missed you!

>i can tell you that these earnings expectations are far too fucking high
The earnings shown by Robinhood are ridiculous. Are they put out by the companies themselves or a different entity?
>volume on these banks going into earnings is unbelievably low
People are still scared. Nobody wants to trade because they have no idea what's going to happen.
>im doing some research tonight and picking which banks i want to play straddles/calls on
I'm concerned more about the general economy than trying to play these banks. When banks start missing earnings, it's a sign of a looming recession.
>i have a terrible feeling that this ER is not going to be the saving grace that we need at all
Same.
>i cant think of a single solitary reason why banks would be making that much more money for this quarter. its nonsense.
Perhaps those nice tax breaks?
I've seen a few good earnings reports recently. There's also BKS, which illustrated that sometimes they're from lay-offs.

>>8879037
Holy shit, WFC too? That's 3 of the biggest banks on one day. This shit is planned, right?

>>8879184
>Market cap is about 10M
Kek! What is this shit? Somebody could literally buy that fucking thing.

>>8879301
>also, does anyone know of a way i can see which other banks bank of america lends to?
They get their money from the feds. Any bank that isn't in the top 10 is probably getting their money from BAC or JPM.
I've heard banks have been getting around restrictions on subprime lending by loaning to smaller banks that can handle the risk, and they're fairly aware of it.

>>8879517
That video is great. Fucking saving that shit.

>>8879596
>Are they put out by the companies themselves or a different entity?
third party analysts. its a fucking conspiracy mang. theyre setting us up to fail
>People are still scared. Nobody wants to trade because they have no idea what's going to happen
retail is still trading like dummies. clearly a lot of people buying bonds too. but bonds themselves have been acting funny which leads me to believe that banks will also be feeling this in some way.
>I'm concerned more about the general economy than trying to play these banks. When banks start missing earnings, it's a sign of a looming recession.
im concerned as well, but if i can play this right, at the very least ILL be doing alright. i dont want a recession, but i DO think one is definitely coming. this whole last decade was far too cheery
>Perhaps those nice tax breaks?
>I've seen a few good earnings reports recently. There's also BKS, which illustrated that sometimes they're from lay-offs.
that is something (tax cuts), but will they have taken effect in time to really effect the profits this quarter by like 17%? gotta say, i doubt it. although, i did hear bagholder was saying that BAC has been laying off a lot of people and making more ATM-only banks (ie no overhead from paying employees), so they could go either way. what ill probably end up doing is hedging against myself with some calls and doing some sort of bearish biased strangle. depends on what the IV looks like tomorrow though.

Who TVIX'd up before close?

>>8879184
Just noticed
>Today's volume: 754
What the fuck.
This is so illiquid that you could probably run the tape on the fucking thing.

>>8879444
>>8879783
>>8879860
It looks absolutely awful, but when a newfag asks what to buy, I will only recommend CARV.
>great company
>opening more locations
>solid leadership
>good dividend
>short squeeze
>undervalued
am I missing any other buzzwords to sell it?

>>8879783
probably gonna follow dalios lead and look at some euro banks. DB is already on my shitlist

also
>That video is great
theres a lot going on in that vid
youve never seen the black hebrew israelites though? thats crazy lad. theyre my favorite hate group. i really love how occasionally a black or hispanic guy will talk to them, and they will calmly explain how jesus is black, has a spaceship, and is waiting for all the black people to follow their retarded version of judaism, when he will swoop down and turn all da whyte wimmin into slaves for the black race.

shit is fucking wild
https://www.youtube.com/watch?v=p5BVsSHkYi8

>>8879909
say that theyre working on implementing blockchain technology to radically innovate the banking sector

https://www.newsbtc.com/2018/04/12/nasdaq-finally-delists-ice-tea-turned-blockchain-company/


THE WORLD IS NOT ANY MORE THE WAY IT USED TO BE
MM MMH MHH NO NO NO

Ford has been sending letters to branches in europe to start raising liquidities and brace for recession.

Do with that info what you will.

Cheers.

>>8880021
made up facts. I wish this was true

>>8880021
DAS RIGHT

>>8879852
I've been TVIX'D since the spike on monday

>>8880047
when fear has this strong of a support, you know somethings up

>>8880032
Anon. I'm a 31 yo family man. I'm not on biz larping. I come here to lurk these threads and get a touch of the general perception of crypto markets.

Like I said, do with the info what you will.
Recession is comming 2019 best case, 2018 worst case.

See you then.

>>8880060
I have no idea what's about to happen but it will be fucking hilarious either way

>>8879852

>holding this ETF at night

I dont want to be freaking out all night

>>8880081
I LIVE FOR THE THRILL

>>8880076

so we have a year to practice shorting great

I know Sony is a Boomer stock but the new god of war is getting 10/10 reviews, it's a quick opportunity for some cash.

>>8879912
>youve never seen the black hebrew israelites though?
I've seen black people hating on Jews, and I've always loved it when they slap down some wicked conspiracy theories about Mr. Noseberg
>occasionally a black or hispanic guy will talk to them, and they will calmly explain how jesus is black, has a spaceship, and is waiting for all the black people to follow their retarded version of judaism
I fucking love it. I haven't really heard of this particular group before.

>>8879950
I work at a major bank. It's not quite JPM, but it's fortune 500 and we're particularly tech oriented compared to the others -- we have more software engineers than financial people.
So, I get to hear that shit every fucking day.
The block chain probably will get rid of the feds. But, if you have any grasp of how savings, loans, and credit vs debit works -- as in, the business model that banks have had for thousands of fucking years -- you'd realize that all it means for the banking industry is that we should eventually be loaning out fucking buttcoins.
And yet, all these fucking idiots in middle management can't fucking help themselves in saying at least once a week "what are we gonna do about th-the... BLOCKCHAIN"
The hot air is fucking mind blowing.

hey so i set us up a little backup dead board where we can upload pdfs/webms (and shitposts and memes) with sound and not get slid. been slowly building a library of pdfs that should be useful for anons here (like me) that have absolutely no real financial education. if you have any books youd like me to find (or if you have them yourself) post a request in the pdf thread and ill try to dig it up for ya.

if you think its gay and im a faggot, thats fine, just please dont fuck up the pdf thread. i want to keep it nice so that new anons can help themselves and stop making such terrible decisions. i legitimately have learned a lot from /smg/ (and /rgt/ when it was around), and i wanted to give back a little.

SOXL is Wall Street's best kept secret.

>>8880226
i a have thousands of dollars worth of stock trading videos

how can i get them on their?

>>8879912
Surely these chimps were disbanded quickly by the police right?

>>8880244
its funny because it was this exact logic which led me to short semis. its like the hedgefunds magic button. you buy some and forget about it and a year later youre up 60% or so. but semis were showing weakness so i went short on em like 3 weeks ago. twas a nice short (SOXS that is).

>>8880298
if you can make them into mp4s (or webms, but mp4s might be easier as a lot of video files use it) i think you can upload them directly by posting. you just click the button on the bottom of quick reply that says "select drop photo here". the file limit size is really big over there, so you might not even have to cut them up if you lower the resolution. ill try and dig up my old webm/mp4 infographic and post it to try and help. this is exactly the kind of shit that would be super useful to everyone.

>>8880302
kek nah man if you go to frisco today you can still run into them from time to time, i think. i used to thoroughly enjoy fucking with them on their youtube comments. every single one of them type in ALL FUCKING CAPS AND SHOUT BIBLICAL SLURS AT YOU WHEN ARGUING ONLINE, and they take whatever bait you throw at em 99% of the time. shits hilarious

>>8880140
i enjoy imagining a bunch of bank suits sweating bullets over shit coins.

Nasdaq Futures Breaking down.

>>8880401
> if you go to frisco
Oh nevermind it's commiefornia, they will probably get humanitarian awards.

>>8880014
Finally.
Fuck that shit.

>>8880021
Why would it be Ford, you fucking nog?

>>8880226
>and /rgt/ when it was around
I missed rgt so much. I'm so happy smg came about.

>>8880244
I've been holding for months.

>>8880298
heres that infographic. it looks a lot more complicated than it is. if you can find a way to convert the files to mp4 that would probably be the best bet though

>>8880415

Hey hey heeeeeeey

>>8880401
>semis.
What do you mean by semis?
>if you go to frisco today you can still run into them from time to time
I thought that was a video from NYC. I was there for about 2 months, and I now think I encountered them once while there. It seems like the kind of thing that would be common place there with all the fucking idiots pushing mixtapes and begging. I had at least a half dozen people try to push their mixtape on me.
>i enjoy imagining a bunch of bank suits sweating bullets over shit coins.
We dress casual/business casual.
None of the managers that I've heard genuinely concerned about cryptos have ever traded any and are fairly behind the times.
I don't think cryptos keep them up at night, but some genuinely believe that the blockchain might put us out of business and sprinkle in a suggestion every so often of "How can we incorporate the blockchain into our projects?" or "How can we leverage/make use of the blockchain?" as if it's some kind of tool that we could just shove into our stack like Java

>>8880415
No it's not.
It's like slightly down. What are you trying to accomplish with this LARPing?

I took a bit a of loss even it was a green day since I was 80% short overall on my portfolio should I really try and be at 50/50?

>>8880659
50% short 50% long?

>>8880659
Since the risk/reward profile is asymetrical for shorting, you should go with 150% long /100% short.
I am not talking about leverage but the amount of each kind of trade.

>>8880659
Not if you have strong conviction about your short positions.
However, in terms of risk, 50/50 could even be generous and you might want to have more long.
It just depends on whether you are truly indifferent and equally successful with long and short positions -- if so, you should probably shoot for 50/50. If not and you have a thing for short trading, you're fine.

IT'S MULLER TIME

>>8880638
semiconductors. i was 3x short the SOXX with SOXS
>I thought that was a video from NYC
these mofos are everywhere, but im pretty sure that vid i posted is on haight street in frisco.
>"How can we incorporate the blockchain into our projects?" or "How can we leverage/make use of the blockchain?" as if it's some kind of tool that we could just shove into our stack like Java
this is a good sign. it shows that the NEETs thatve been holding for years still have the upperhand when it comes to applying this tech. no offense but i really hope the banks DONT get a good hold on it. i can only imagine the bullshit theyll make it into. it was supposed to be libertarian fun-bux for NEETs to all become quadrillionaires without working.

>>8880401
Hope you're not bearish on SOXL now, broadcom is almost its second biggest holding and they've just announced a buyback AH.

>>8880808
nah that was weeks ago. kek i posted my plan and everything and everyone thought i was retarded. nailed it. semis took a way bigger dive than i thought.

but yeah, youd have to be foolish to stay short in that market too long desu

>>8880773
>>8880831
After nearly getting burnt by shorting NKTR, shorting in general is a scary thing

We are going to start ripping up tomorrow due to mega earning. I think we will see 275+ by end of month. Long spy

Screencap this.

>>8880876
COPE
O
P
E

>>8880919
Bear season is over

>>8880945
https://www.care2.com/greenliving/conquer-denial-in-5-steps.html

>>8880860
shorting is by its very nature more risky, less rewarding, and with unlimited loss potential.

the thing to be aware of (which has saved my ass from a good deal of squeezes) is to constantly monitor the short interest on whatever youre shorting. you start seeing it get too crowded, you leave. it doesnt matter whether you are up or down in the trade. LEAVE. squeezes suck and depending what youre trading you could easily get LIQ'D if youre being stupid about it. especially with leverage

>>8880876
im going to go completely against this and say that JPM will miss ER by a little, but drop like a stone. this will cause a panic, but the real fear will start when BAC completely whiffs on expectations on monday before the bell. screencap this too. at least one of us will be correct

>>8880945
*has not even begun

>>8880945
it hasn't even been a bear market yet just some volatility

What does /rgt/ stand for?

IT'S MUELLER TIME

https://www.nbcnews.com/politics/donald-trump/trump-mueller-teams-prepare-move-forward-without-presidential-interview-n865421

>>8881032
i wish there was a way to short liberals hope that trump will be impeached. i would literally be a multi-millionaire by now

>>8880988
that was kind of the problem

>>8881059
>>8878204

>>8881076
holy fuck
>mfw
damn i owe you a beer once i get my lambo. this is the easiest trade in the book. is this directly correlated to the DNC? or how exactly is it calculated? i know for a fact that the DNC is broke as a joke right now. a lot of their munny-buddy companies margins will probably be drying up soon too with NN repeal

>>8881148
It's as follows.
really makes you think.

>>8880789
>no offense but i really hope the banks DONT get a good hold on it.
Not offended in any way. I don't think the banks will ever control the code that backs cryptos, and I hope they don't because they'd turn it into something they can manipulate like the USD.
Also, banks are generally incapable of doing anything right or innovative with tech.
However, if banks start doing savings and loans with it, which is all that they're SUPPOSED to do, that would be fine with me.
>it was supposed to be libertarian fun-bux for NEETs to all become quadrillionaires without working
Yup. I'm in on the fuck the feds boat too.
I disagree that it was ever a plan for NEETs to become rich though. It rose to popularity from the darknet marketplaces.

>>8881148
>>8881230
It's an ETF designed to benefit from political policy desu.

>>8881230
Fuckin deep state is real mane

>>8880945
The bear is doubting again

>>8880876
>The eternal bear
>Makes super bullish post about key earnings reports

>>8880982
This.
The feds are super bullish. They were the ones that cranked up the volatility too.

>>8880988
Robhinhood General Thread?

>>8881059
>i wish there was a way to short liberals hope that trump will be impeached
Fuck. If only.
I somewhat found a way to short diversity though. There's an index called SHE. Check it out. It's growing less than SPY, which I believe it's based on, so you would short it relative to SPY -- your profit would be purely the ability for male lead companies to outperform those lead by females.
Only problem is Robinhood doesn't provide options on it.
What platform do you use? Does it provide a means of shorting SHE?

I fucking love options, I just can't wait for it to fuck me over though someday

>>8881394
Nice chad chart

>>8881394
>that fucking chart
Are you only holding overnight?

I've only been burned by short term options. My mid term options are doing great.

>>8881452
some of it, was fucking with NVDA and BAC options. last stair step was a quick daytrade on FB

>>8881230
oh boy
well atleast theyre upfront about who pays them...
>social good
>lists a bunch of banks, packaged food companies that give e coli and salmonella
then education
>long corporate land REITs
>shorting global education lel
and then theyre long a bunch of healthcare corporations at literally the worst time in history to be long on a bunch of healthcare corporations.

i like solar stocks too as they go for runs, but i dont like holding them for too long as they collapse when other parts of energy take off (like oil is now).

but jesus christ, what a mess

>>8881394
theyre cool, and they will.

>>8881364
sounds like a safe bet, but i actually trade in a cash account so i only really go "short" by using inverse (or inverse leveraged) ETF/Ns and by flipping options contracts (puts and covered calls).

who comes up with all these retarded ETFs? did you see DEMS? >>8881230
i could sincerely do a much better job than this and im like the lowest of retail scum

>>8881394
I could live off of your gains for a couple months and you just made that in a week. Fucking crazy. Congrats btw.

futures broke through the open of today

if bank earnings are poor (good chance they will be at least for BAC) we might see a 50 point tumble

>>8881718
lrn2poverty m8
i could live off a quarter of that for a month

that is fucking awesome though to see people with small accounts crushing this fucking mess of a market.

place your bets people. is tomorrow the start of a yuuuuge bull kicked off by bank earnings, or will it all go wrong and usher in papa bear?

>>8881846
We're in a honey badger market

>>8881906

yeah, but tomorrow is the start of something else

>>8881906
We’re in a drumpf market.

>>8881846
I'm convinced we'll be green tomorrow, people are getting used to this crazy market and aren't as scared.

>>8881846
I'm ready to get JUST'd up the ass tomorrow.

>>8882591
I went all in on SNE it's boom or just.

PNC will break into the top 3 in the retail banking industry. they are one of the only ones in the industry with a higher EPS than the industry average and were one of the only banks that didnt get completely JUSTd in 08. thank me later fuckos

>>8882664
>one of the only ones in the industry with a higher EPS than the industry average
Are you adjusting EPS to the stock price? If not, that metric is meaningless.
You should be going off of P/E ratio which is price divided by EPS.

Are they pumping or dumping tomorrow?

Usually the bogs do the opposite of /smg/ but everybody seems like a mix of bearish/bullish right now

>>8882840
Never underestimate the board of TVIX co. Also Trump going to announce the new 100billion tarriff targets, lol.

>>8880876
U almost bullish bear ever

>>8882840
That will mean morning bull, afternoon bear, or vice versa

>>8882797
thats a good point

>>8883209
I like comparing company's P/E ratio to SPY's, which is around 28 or 29 right now.
It's very unusual for the tech industry to have any low P/E ratios, which is why I have a large stake in AAPL and FB

>>8882840
Murphy's Law 101: dump after you buy.
Corollary: pump after you sell.

>>8880876
>bought the dip
>down 400
I cant wait for it to bounce back, going to to the moon

Dow is my meme moon mission for the next month - BTC mining rig seller.

>>8883875
Woops auto correct. Shitposting from bed.

DPW

holy shit.
found out why backpage got taken down
they were selling kidnapped children

i guess thats why bagholder couldnt get a whore last night
https://www.texasattorneygeneral.gov/news/releases/backpage.com-pleads-guilty-to-human-trafficking-in-texas

>>8884236
OH wow that is awful.

What are your thoughts on DPW? You are teh profit, after all.

>>8884236
WTF I love the feds now!

>>8884236
time to buy the dip?

>>8884236
>backpage down

What the fuck is even the point in trading anymore? the only thing I used my gainz for were hookers.

>>8884236
73%

Holy shit

>>8885617
You can score a fine piece of ass almost anywhere if you've got powdered cocaine. It's a good store of value, have about a quarter ounce on hand at all times.

>>8886032
thing is, i cant talk to women at all, even on drugs

at least with backpage i could skip all the social bullshit

Good night /smg/. see you on the final day

How does Trump fit into their plan?

>>8877127

You and me m8. I was sure we would see some retracement.

still bullish yen and oil. I think 2018 is the year of marijuana, or at least when real gains can be made fundamentally. HLF seems like a good short as well ad DB
Long on YCL, MJ, oil (going with USO here). Short HLF and DB

>>8886311
This how

>>8886906
You know too much anon....

>>8884236
pizza gate isnt real ... right guys?.... right?!?!

>>8886906
wait, his lawyer wasn't representing CA, but the office he worked in also represented CA?
i think by this logic I'm also kevin bacon's best friend.

>>8881846
We're getting the bear.

>>8887355