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The People’s Elbow

Certifiably Surly
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Posts posted by The People’s Elbow

  1. 4 hours ago, bullzak said:

    First rule of investing is "dont fight the Fed." 

    They have been a big player in markets way before twitter. 

    We can argue about whether that makes sense or not but to deny it and say its unfair is folly. 

    Personally I think its gone up way too far and too fast. Thats great for me but I sure as shit wouldn't be a buyer in here. Better entry points have to be coming once all the BK start rolling through. Even the Fed cant stop that. 

    What does Burger King have to do with this? 

  2. Well, these SPOT puts have turned out to be a colossal fail thus far. SPOT is up nearly 30% this week on the Joe Rogan news, but fuck me for fighting the hype. It feels like betting against BYND or TSLA. 
     

    July expiry, but not sure I can suffer any more loss. 

  3. Thinking long SPOT puts after seeing this breakout. 
     

    ...edited to say the spreads are looser than South Austin’s mom. May sit on the sideline until those tighten up. 

    • Like 1
  4. BYND calls paid off quickly. Sold four of the five at +35%. Yeah, they don’t expire until July and BYND has shown a propensity to fucking fly, but I start pulling after 25%. I’m having a hard time not touching my last one and it’s +47% right now. 

    • Like 1
  5. 23 minutes ago, Blotto said:

    I'm sure we would all like the ability to know the future with 100% accuracy. Sure would make this stock picking game a lot easier. 

    Of course. That wasn’t so much my point as the fact that I’m not experienced enough to properly min/max. 

  6. 59 minutes ago, LTtxfan said:

    AMAT is Up in afterhours too...

    41hrdi.gif

     

    No kidding. I sold expecting the ER AH sell off, and though I ended up with ~38% return, I definitely may have left some money on the table. Case and point: I made  a hair over $4,200 today, but left almost that much on the table (ie the day’s highs). 
     

    I can never tell when it’s gonna selloff and when it’s not, and I need more efficient exit strategies. 

    • Like 1
  7. My BYND and WIX calls came in handy this AM. Fucking risky holding WIX through ER, but there was such little movement leading up to it, I was counting on the bump. Glad it went in my favor this time. 
     

    Holding DKNG calls until this afternoon.

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