First for this market is propped up artificially and could crash at any moment.
Brody Watson
Second for LCI to 13 by end of week :^)
Robert Diaz
the market is indeed propped up artificially but they figured out how to do that indefinitely, it'll stay more or less propped up for the foreseeable future
btfd
Kayden Wood
where can I buy Veolia with no or very low commissions?
Colton Price
>they don't know LCIguy sold all his shares on friday and left the entire thread holding bags
economy has always been propped up artificially, since before history
remember, a product (object, service, whatever) is only worth what someone is willing to pay for it
artificial theories can have real and measurable impacts on the world, groupthink is one hell of a drug, and humans have evolved to love that shit, since before humans were even a thing
if you are at the point where you "need" the market to do something for you, then youve already lost
>being this pedantic >projecting >pretentious yikes!
Robert Howard
I'll stop bragposting for a moment on my AMD position and explain a very useful strategy for extreme blowups on a covered short call.
Let's say you're me, you're Chad af all in AMD because you know Su Bae gonna deliver. You write a covered call at $27 because fugg you need that premium. AMD then proceeds to btfo Intel at computex and shares rise up 10%. You make a nifty 5% on the call but now you're delta crushed and are at max profit. I have good news for you pal: you can roll-up your calls on the same expiration without sacrificing your account value (provided you have buying power, I only had enough to roll up twice on one contract so rip). During AMD's rise, I wrote a spread: a $27 long with a $27.5 short. It cost me about $40 to do so, but since AMD is fuckin' wit the 28 bitches I'm really increasing my account's value by $10 (difference in strikes minus premium). The spread legs of course cancelled my $27 short call, leaving me with a net $27.5 short. I did this again to $28 to nab another $10. You can use this rollup strategy on extreme blowups to capture returns on equity appreciation rather than premium. Your account's value stays the same (increases at expiration of course if underlying is above strike), only your buying power goes down.
Have fun anons. Go write calls on your favorite stonks
*brrrrrrrrtttt* I’m sorry, the correct response would have been “cope”. “Unbased” would also have been acceptable, but would have been worth fewer points.
Money is flowing into the rare metal miners now based on the Chink threat.
ASX: LYC up 10%
ASX: ARU up 12%
These are daily quotes.
Kayden Brown
So what, did you sell puts at 27.5, buy your $27 call back, then sell a $28 call?
Elijah Perez
I had a $27 short call. I wrote a $27/$27.5 debit spread. I am now net a $27.5 short call. I wrote a $27.5/$28 debit spread. I am now net a $28 short call.
If I had more buying power I'd have done the same to my $26.5s but payday is this friday >=[
If it stops going up but stays above your strikes, you're still at max profit (but more max profit than before the roll up). If it falls below, it's just like any other short call: you still get the premium and keep the shares, but lose equity in the shares you own.
Luis Cox
Quick reminder for all the stock kiddes:
>BTC is UP 69.29% in the last month >S&P500 is DOWN 3.97% in the last month
Time to liquidate and join the fastest growing asset class in the world. Yes, your ignorance made you miss out on BTC when it was cheap. You probably regret that decision. Don't regret it again... BTC will hit ATH this year at this rate.
Juan Ramirez
As long as I remain smug I can hold for eternity Smug posting is literally the most powerful force in the world
Calls yourself the chad of AMD but holds only 600 shares and writes fucking calls before Computex when literally anyone that's been following AMD the last few months KNEW they were going to kill it. Your post was basically "how to undo a fuckup that any real long would have known better than to make in the first place". You write those calls on 10% days like today and you do it a month out at least in case there's a short squeeze that would wreck a weekly.
people like you should stay far away from options. all you need to know is to buy SPY once a month with whatever you have saved up. if you try doing anything else you'll probably lose your money
Ethan Bell
AMD is up 5.10% on the 1M chart. I'm up nearly 25%. I've outperformed any long stock position, whether they bought last Friday or one month ago. Keep seething boomer.
If AMD falls 20% I'm protected a few pct from the premium I wrote. That AMD dip from 27.50 to the low 26 before computex actually allowed me to go from 500 shares to 600 earlier than I expected myself to. When your stock falls, you want to sacrifice equity for higher cashflows in the future. It's not foolproof, obviously, but I did exactly that and I had that extra 3 grand going into today's spike because of that dip prior. >why do you think buy and hold outperforms call writing? it doesn't.
A long call option gives you the right to buy a stock at a certain strike price in exchange for paying a premium. A short call is the opposite end of that trade. I am obligated to sell my shares at a certain strike and I am paid to do so.
this is probably one of the best examples of dunning kruger i've ever seen on Jow Forums
he doesn't even bother studying how selling cc's performs against buying and holding for growth stocks and spouts literal falsehoods
Xavier Anderson
LMAO...you trying to show off your newbie gains is cute. I've been holding AMD since $2.37 kiddo and made nearly 2x your portfolio today alone on AMD calls. I made almost 25k last year thanks to SuBae (blew a good chunk chasing MU sadly).
Nolan Lee
+1 for Racecar Johnny. YO! -1 for disrespecting Su Bae. -1 for being Comfy. >13889596 No (you) for you. I post my charts showing my gains. When will you realize CCs are a superior strategy to everything else shilled on /smg/? I'll be posting 3M charts very soon as I keep building towards my 1000 shares of AMD.
no point in trying to argue against a rock after all, the market itself is the best teacher
(by the way, i was like you once - i thought i was a genius who nearly doubled 22k within 3 months. guess what happened when the stocks stopped rising?)
He'll be humbled soon enough, we all pay tuition in the beginning. Hopefully he didn't do like I did after my first couple of big wins and start bragging to the SO about it, only to gamble most the profits away.
I can’t believe I’ve held BILI through all the bad news that keeps coming out. I wonder how this will effect other services. I hear Tencent it working with Nintendo to bring the switch to China, it sounds like they’ll have to implement some sort of strict control over that, as well.
Honestly, it is a healthy thing to have limits on your screen time. But it is offputting to me, that the government is controlling it. It probably makes sense in the context of Chinese daily life though.
you feel it too don't you? it may just be a little voice in the back of your head now, but soon it will become full blown fear
Anthony Campbell
>I hear Tencent it working with Nintendo to bring the switch to China, it sounds like they’ll have to implement some sort of strict control over that, as well. FYI, Nintendo have been participating in the Chinese market with local Chinese partners by selling customized versions of machines like N64, NDS, Wii and such in China under the name of "learning machine" for many years before hand already, however, because of the very limited set of game it provide to those users who buy their Chinese machines, they are epic flop that they have to retreat from the market at the time. A few years ago, Sony started selling PlayStation in China after Chinese government lifted the ban against gaming console, but the amount of game available is still rather limited, fortunately for Chinese consumers is that PlayStation 4 games are not region locked, and even thought there are restriction on PSN region (a restriction added according to government request), the restriction can also be bypassed at relative ease. This time Nintendo cooperate with Tencent to enter the Chinese market can relive some of the aforementioned difficulties, like the amount of game available can be increased thanks to possible adoption of titles owned by Tencent and Tencent's understanding on Chinese market might also help them get more titles into releasing them in China, and they might also be able to market it in a way more appropriate to the Chinese market, and the current market position of Nintendo Switch might also be able to attract more causal consumer/players that can be satisfied with just those limited Chinese titles, but all these bonus factors would become trivial if they strictly comply with Chinese regulation and ban non-Chinese games to operate on those Chinese switch. (There are no information about whether it is going to be a case or not yet)
This is insane. Rehn is talking about 'if we face a new recession', as if the one that started in 2007 in US which transformed into sovereign debt crisis around 2009 in Europe is over. Is he seriously implying there was any growth between then and now, that'd warrant to call more depression, regression and downturn 'new recession' instead of the same one continuing through phases.
Caleb Turner
Seems like the Chinese live streaming platform YY posted a rather exceptional quarterly earning earlier today.
Christian Kelly
>Rehn is talking about 'if we face a new recession', as if the one that started in 2007 in US which transformed into sovereign debt crisis around 2009 in Europe is over. The crisis have already been over a few years ago for some industrial sectors and also for some countries. For others, they might be experiencing a situation similar to what Japan have been experiencing ever since early 1990s.
>Don't say we didn't warn use The expression can actually be seen as an ultimatum, if they put the sentence in commentary section on the paper version of the People's Daily. That have only occurred ~2 times through out the history of People's Republic of China, one is before Sino-Indian War in 1962, and another is before Sino-Vietnamese War in 1978. Other instance of the sentence's usage was Zhao Enlai vocally warned America not to cross the 38 degree parallel before the Korean War, and Xinhua news agency also printed this line in 1967 before military conflict between China and Russia broke out. The 2017 China-India border conflict mentioned in the screenshot was actually a less official instance of the usage as that was only spoken as a line from a interview with a PLA official instead of any official piece from party media. This time they printed the article on the paper version of the People's Daily, however that is not on the commentary section, so I think this is still not the "ultimatum" level of warning that would signify an imminent outbreak of military conflict, yet this is still already a rather high level of warning.
Jaxon Nelson
>use *you
Josiah Cruz
why do they publish it in the newspaper instead of having someone in their government like Xi make a proclamation? Is this coming from Xi or from other parts of the CCP?
Everyone's saying to take this as a super serious threat, but isn't there a chance someone at the paper is just getting carried away and taking things way too far on their own? Possibly Xi and the central committee don't really want to escalate things to this degree/
1 whole month of "surely it can't keep going down AGAIN"
Mason Ortiz
why is this thread so gloomy? spy is down less than 5% this month but it dropped like 20% from it's peak around dec and there wasn't half as much crying
People's Daily is the official newspaper of the Central Committee of the Communist Party of China. It basically represent the collective opinion of the party.
Juan Jones
It's beneath Xi to push these kinds of threats, but it seems like they're serious this time and it'd be a major escalation.
The treasury auction i was planning to buy from was a couple days from now but I've decided to put it into a leverage treasury ETF instead, TYD. Even if China blows its load of treasuries the effect will mostly be temporary on the price. But the way things are trending now it seems more likely that their counter-measures will take the form of things like this.
Thomas Powell
Also, recently decided to go into kindle ebook erotica to make some side cash to invest with. Can't just sit around waiting for employers to get back to me.
Cameron Sanders
>get interview in 'dream job' scenario >say they want to hire someone immediately and people would be contacted for second round interviews in 24hrs >hear nothing in 48hrs :(
Jacob Nelson
(checked) That sucks user. Had a good interview last week myself and they said they'd get back in a week or two, so hopefully it'll be any day now. Unfortunately, most of the ideal positions I applied for take for ever to hire someone.
GL out there. It's hard to find good wage slave positions.
Wyatt Parker
i also used a day of annual leave to go to the interview as well, because i had to commute into the city but it was worth a shot
Wyatt Sanchez
Tfw bought even more Ishares S&P 500
Gabriel Wright
is some people gonna die?
Chase Ross
Don't you see the part I said that it isn't the most official format of the warning? Afterall there are still no military war yet.
Blake Fisher
well couldn't we just go up to China and give them some freedom and regime change in exchange for some rare earths.
Parker Campbell
Note: Apparently, because of the upcoming 30th anniversary of the June Fourth event, some Chinese websites have already suspended various different functionalities on their service to restrict possible spread of anything special related to the event back then that might have any slight possibility to spread. There were similar measures in the past year near the anniversary, but because it is the integral year of 30th anniversary this year, with the overall trend of tightened control on the society and also the background of the trade war, seems like this year these temporary restrictions are particularly strong.
Chinese live streaming platforms Huya, YY, Douyu (DOYU, subsidiary of Tencent, currently in the process of filing an IPO at Nasdaq?) have already temporary removed the fly-over comment feature. bilibili livestream section have already disabled its overseas service.
Evan Baker
Lmaoing @ the Chinese government
Ayden Gonzalez
If the US did that they wouldn't get any rare earth in exchange; however they'd get plenty of Chinese thermonuclear bombs for free.
Lincoln Sullivan
>implying something actually happened on june 4th 1987 in tiananmen square
Owen White
It would have been cheaper to simply reopen those closed rare earth metal mines in China, America have quite a bit of rare earth reserve too, just that price competition from Chinese exporter forced those mines in western countries like America to close down. It would take some times for the production to ramp up, but still it will probably cost less time than pushing a regime change at China
John Williams
>leverage treasury ETF
Name?
Jaxon Wood
It's in the post, TYD.
Nathaniel Cook
Do I buy gold? Geopolitics is looking worse than ever.
Lmao @ libtard Trudeau selling all of the Canadian gold.
Jackson Turner
Imagine going to war with another country in order to help the Khmer Rouge.
