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Markets still falling like whoa


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I made the mistake of getting out of most of my equities (funds excluded) at the lowest of the low.  Looking forward I think my biggest mistake was underestimating the FED to do whatever it takes to juice the casino...economics be damned.

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8 minutes ago, Eastwood said:

That Citigroup buy was bad, IMO. Citigroup has the most exposure to not only the mortgage bond CDOs that crashed the market in '08, but they turned around and exposed themselves to auto loan bond CDOs.

And the Mariott was an eyebrow raiser too.  I mean they serve alcohol gulp gulp.  I seriously doubt they do in the KSA.

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4 minutes ago, bernorange said:

Saw a report that Robinhood and ETrade were both down (ie. offline - not working - clients can't buy or sell) this morning.

I havent tried to make any trades on Etrade today,  but I havent noticed any issues when logging in and checking things. 

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2 hours ago, Fudge Nuggets said:

Whew, glad I sold out of TNA at 19 something.  Wouldn't want to make any money or anything.

At 19, I was fully invested in TNA. So much, that many other areas of my life were suffering tremendously. These days, TNA is always on my mind but I’m pickier about when I get into it.

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I think the flare up comes in fall/winter.  And it could slowly trend up until then.  But there’s not a ton of room left before you’re looking at all time highs. Lol

Bought some Blackrock gold etf and netflix today.  Oil plays saving my ass.  OKE been in beast mode.  

Edited by ChiTownDoc
Blackrock
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5 minutes ago, Fudge Nuggets said:

Even with average size positions in two different leveraged short ETF's, my longs are going so strong today that my trading account is up 6.5%.

This is fucking insane.

a noble bull embiggens the smallest position

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2 minutes ago, ZB'Tejas said:

And then on top of that OKE paying 12% dividends.

How does oil being at historic low prices lead to a natural gas company paying a 12% dividend in the middle of a pandemic? Seems like they'd have to eat the "seed stock" in order to make it happen 

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2 hours ago, ChiTownDoc said:

I think the flare up comes in fall/winter.  And it could slowly trend up until then.  But there’s not a ton of room left before you’re looking at all time highs. Lol

Bought some Blackrock gold etf and netflix today.  Oil plays saving my ass.  OKE been in beast mode.  

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

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19 minutes ago, LTtxfan said:

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

Based on my average price, I'm getting 10.8% dividend on my XOM shares.  I'm going to be hard-pressed to find a more reliable return for years.

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19 minutes ago, LTtxfan said:

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

I came in very heavy on only 3.  CVX, OKE, XOM.  I'd never be that overweight one sector but was sitting over 50% cash and figured if they dropped I'd just hold long term with the dividends.  By some miracle the play turned out ok.  I still have close to 50% cash so if they come back to earth I'll allocate more cash in a more diversified fashion.  We will have a flare up in fall - and vaccine won't be ready that early...the question is can we run to records in that timeframe?  That seems absurd to me but absurd has been spot on so far. 

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remember when this was an actual slide made by wework

 

38d1f78b4d3b94bd1b630ed7f810f3504b-07-so

 

and it was championed by son-san?

5dc417b83afd37339e36a033?width=1100&form

 

this is also from softbank....

 

image.png

what in the ever living fuck.... how much did they pay a mckinsey associate to make that slide?

 

more non-fictitious unicorn hilariousness from softbank

softbank-unicorn.png

20190921_wbp503.jpg

 

 

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32 minutes ago, LTtxfan said:

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

$OKE and $XOM. I didn't buy $CVX but they might have the best position out of all of them.

My star has been $MTDR which had another stellar day. 

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Just now, TonyTexas said:

Don’t count on those big oil dividends to be sustainable. Shell cut theirs by 2/3 a few weeks back. XOM payout ratio is around 150% They’ll have to cut. 

Yep. Selling big gains on $XOM and $OKE might be a good idea in case they announce and the stock takes a hit like Shell did but I still think they are solid ones to hold as long as you are not over invested.

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17 minutes ago, 52-80 said:

remember when this was an actual slide made by wework

 

38d1f78b4d3b94bd1b630ed7f810f3504b-07-so

 

and it was championed by son-san?

5dc417b83afd37339e36a033?width=1100&form

 

this is also from softbank....

 

image.png

what in the ever living fuck.... how much did they pay a mckinsey associate to make that slide?

 

more non-fictitious unicorn hilariousness from softbank

softbank-unicorn.png

20190921_wbp503.jpg

 

 

wow.  just wow. 

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25 minutes ago, ChiTownDoc said:

Yeah forgot that one crashed on the runway.  What a joke

If you want to make someone pay for this stupidity, you can short SoftBank $SFTBY

https://www.cnbc.com/2020/05/18/softbank-ceo-calls-wework-investment-foolish-valuation-falls-to-2point9-billion.html

 

Edited by Rusty Shackelford
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33 minutes ago, TonyTexas said:

Don’t count on those big oil dividends to be sustainable. Shell cut theirs by 2/3 a few weeks back. XOM payout ratio is around 150% They’ll have to cut. 

XOM CEO came out and said they will not cut and will use their balance sheet if they have to.

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2 hours ago, 52-80 said:

remember when this was an actual slide made by wework

 

38d1f78b4d3b94bd1b630ed7f810f3504b-07-so

 

and it was championed by son-san?

5dc417b83afd37339e36a033?width=1100&form

 

this is also from softbank....

 

image.png

what in the ever living fuck.... how much did they pay a mckinsey associate to make that slide?

 

more non-fictitious unicorn hilariousness from softbank

softbank-unicorn.png

20190921_wbp503.jpg

 

 

spacer.png

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1 hour ago, Fudge Nuggets said:

No they won’t. 

It’s true that XOM dividend record is sacred and the CEO has stated that they will go to extreme lengths to maintain it. But he also has said that if  this is indeed a brave new world of low oil prices then he would re-evaluate down the road.  That dividend runs them $15 billion per year. 

Edited by TonyTexas
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