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Rusty Shackelford

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Everything posted by Rusty Shackelford

  1. but it's my life. So, what's the deal with ALT, looks like a good entry if it still is a good investment. I mean stonk
  2. That’s my understanding as well, didn’t read the longcat OP. I’m gonna stick with this assumption until someone drops some facts to the contrary.
  3. I thought he might have had something new to say.
  4. Tesla (NASDAQ: TSLA) reported Q2 EPS of $0.50, $0.61 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $6.35 billion versus the consensus estimate of $5.23 billion. This volatile market is a Trader's Paradise. Get your free alerts by 7:30am EST daily Read More $535M increase in our cash and cash equivalents in Q2 to $8.6B Operating cash flow less capex (free cash flow) $418M in Q2 $327M GAAP operating income; 5.4% operating margin in Q2 $104M GAAP net income; $451M non-GAAP net income (ex-SBC) in Q2 Four quarters of sequential profitability Next US Gigafactory site selected; preparations underway Increased Model S range to 402 miles (EPA) Model Y and China-made Model 3 production rates continue to increase
  5. I guess I should have quoted the surly 1%er that hoped AMZN would split, when I posted that.
  6. Good point, AAPL is a legendary stonk, so UAVS should soon join that status
  7. Not saying you won’t make some gainz from this stonk, but I remember when it popped a few months ago someone posted the streetview of the company headquarters. For the lulz: https://goo.gl/maps/XUVf6Vdt9eLNPett9
  8. [emoji102] waiting to see who gets triggered this time.
  9. I never know how to play these biotech stocks, so thinking about going with ARKG, any thoughts?
  10. And extra inflation as a stated policy from the Fed https://www.bloomberg.com/amp/opinion/articles/2020-07-17/the-fed-is-setting-the-stage-for-a-major-policy-change?__twitter_impression=true Faced now with the prospect of another prolonged period of low inflation, Fed officials are signaling they will place less emphasis on Phillips curve estimates when setting policy. Fed Governor Lael Brainard said this week that “with inflation exhibiting low sensitivity to labor market tightness, policy should not preemptively withdraw support based on a historically steeper Phillips curve that is not currently in evidence.” No longer are estimates of longer-run unemployment taken as almost certainly indicating the economy is at full employment. Instead, Brainard said the Fed should focus on achieving “employment outcomes with the kind of breadth and depth that were only achieved late in the previous recovery.” The Fed is going to try to run the economy hot to push down unemployment. By de-emphasizing the Philips curve, the Fed loses its primary inflation forecasting tool. Instead of an inflation forecast, the Fed will rely on actual inflation outcomes to determine the appropriate time to change policy. Brainard pointed out that “research suggests that refraining from liftoff until inflation reaches 2% could lead to some modest temporary overshooting, which would help offset the previous underperformance.” Think about what she is saying. Traditionally, the Fed attempts to reach the inflation target from below, effectively using the unemployment rate to forecast inflation and then moderating growth such that projected inflation doesn’t exceed its target. Brainard is saying the Fed should not tighten policy until actual inflation reaches 2%. Policy lags — the time between the Fed’s actions and the resulting economic outcomes — mean inflation will subsequently rise above 2%. The Fed would thus overshoot the inflation target and then return to the target from above. Federal Reserve Bank of Philadelphia President Patrick Harker goes even further in a Wall Street Journal interview, saying “I don’t see any need to act any time soon until we see substantial movement in inflation to our 2% target and ideally overshooting a bit.” Expect to see more Fed speakers also saying they want inflation at or above 2% before they tighten policy. Also expect to see something along these lines codified at in a policy statement.
  11. Valid point, though strange to see it drop off in November.
  12. Probably doesn't matter much if you're playing weeklies, but have you looked at the term structure lately? http://vixcentral.com/ Looks like the market is betting on things going to shit in October (Q3 earnings for the banks perhaps?)
  13. I believe a straddle would be more expensive, but you would have access to gains on the down side.
  14. I'm no expert, but I've played around with call backspreads on VXX before. You only lose if VXX trades flat, which is extremely rare. https://www.theoptionsguide.com/call-backspread.aspx
  15. The Fed started tapering a few weeks ago. We'll have to wait and see if the printer gets booted up in time to prevent another crash.
  16. I can believe that. My Stonk account YTD went 21k > 36k > 9k > 62k (today)
  17. You went from $3,500 to almost $1,000,000? How long did that take?
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