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- Mar 25, 2011
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Well that's bearish...
This morning's pullback is rational, right?
I'm not freaking out, but me but freaking out is the only thing concerning me. I realize that's kinda dumb, but this cycle seems so routine.
SQFT
Long-ish position (months/quarters). Dividend is out of fucking control. Strong buy right now around the $4 mark.
I went hard into this stock in the ~$3.50 range. Today it's ~$4.20 after a 3.50% jump, but dividend records in a week. I want to sell and take those sweet fucking gains, but I also want to see how the stock plays nearer the record date.
Do you guys think that players take profit off the jump on Thursday/Friday, or do you think it'll be a steady climb to the record day on the 7th?
LK I like your SPY calls strategy. How far out do you buy? i was screwing around with this on etrade this morning and trying to figure out the strategy. seems like anything less than a few days is probably too quick to make much money?
You’ve missed a great year then
D - What is happening now with brokerages putting the breaks on certain high risk moves is what our legal system incents them to do. Why? Because if (I should probably say when) GME collapses and RH and other brokerages don't stop people from using leverage right now to pile in, then you know the lawsuits will be forthcoming saying they didn't do enough to prevent folks from hurting themselves. I'm not saying that it is right or fair, but I absolutely grasp why RH would take these steps for their own interests as a company longer term given the legal framework within which they presently operate.
Who the fuck said RH did this for altruistic reasons. They did if for legal reasons. The same people pissed at RH for stopping Uncle Joe from using leverage to pile into a stock that was trading at 130x trailing 12 mos net income (net income that declined over 50% YoY) as of this morning, would normally be the same ones saying RH took advantage of Uncle Joe by letting him act like a dumb ass. GME, btw, has dropped from $483 to $132 in trading TODAY.
I mean are you shocked other people stepped in to short the stock after it traded to those insane multiples?
Fine, remove the "leverage". Doesn't change the point. RH is doing this to protect their own ass legally. And, as said above, how much that hurts their business remains to be seen.
If you want to trade in a true permissionless manner, go swap crypto on a decentralized platform or use DeFi that way.
After a night of digesting the news...this had fuck all to do with fear of being sued and everything to do with their financial viability.
I never thought this to possibly be the case, but with inflation + all the free government money trickling into the hobby industry, pinball machines have been my best performing investment the past two years. I've got one that is up anywhere from 50-70% in under a year. Knight may have fleeced me on that bullion purchase =(