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Fudge Nuggets

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Posts posted by Fudge Nuggets

  1. 37 minutes ago, bad_teammate said:

    She could've handled that with more courage, but fuck Pete. Little fucking prick.

    She should have gone with the tried and true always winning political philosophy of flat out lying.

  2. 42 minutes ago, Grade of D as in David said:

    We need the bros to get on board with this as well. That's my biggest concern.

    We can't count on them for shit.

    Fuck 'em if they throw a fit and hand another election to dotard.

    • Like 2
  3. I'm with you jj.  This board and several others are full of options experts that make 1,000's of % returns overnight or at worst in a week.  I assume they are "wagering" more than a couple of bucks per trade so why do these multi-millionaires spend so much time on internet message boards?

    I would be sitting on a beach earning 1,000%.

  4. 5 minutes ago, Wally Fairway said:

     

     

    About that talk, he isn't happy the market is down - so to make up for that he has decided he needs to start trading options. Per my discussion with him last night, he doesn't really know how they work, but he is going to read up on them, and then start making money with options. When I asked him what happens if he loses money on options, he was adamant that he would only do this when he would make money. 
    Said he was going to submit the paperwork today to get approved for trading and then maybe start next week; after he learns how they work.
    On a slightly related sidenote - he is scheduled for surgery Monday morning, aortic aneurysm graft, so I don't think it will be next week for trading options as he is likely to be in the hospital for 3+ days, and then to rehab. 
    Maybe the wanting to trade options is related to the risk of surgery, who knows - I'm not a psychologist, but it seems like he is grasping for something. 

    Your dad is awesome.  

    New trading strategy to replace "buy low / sell high" should be "only trade when you will make money".

    • Like 3
  5. On 3/3/2020 at 12:15 PM, elfenix said:

    That's what I use and it makes a great etouffee.  I go for a dark roux, but not quite as dark as when making gumbo.  Like brisket mentioned, you gotta have some celery in there - it's called the Trinity for a reason.  I also put a little bit of cayenne in mine but not much (maybe 1/4 to 1/2 tsp).

    Pro tip:  When you're about done, get you another half stick of butter and melt that down and stir it in real good.  My aunt from Baton Rouge would also add a touch of heavy cream.  Definitely not for those that are trying to watch their cholesterol, but makes for some freaking good eats.

  6. God help me for going short $IWM right before the close.  No fucking way this market is done going down and I'm of the belief this is your dead cat bounce.  It might last another day or two but overall it has more room on the downside than upside.

    • Like 1
  7. 1 hour ago, Wally Fairway said:

    Went back to check my math - struck out swinging, lost 100% of the 3-2 puts, and make up about 75% of the loss in the 3-2 calls.

    Lesson to be learned, don't get enamored with the idea - price of near money options have risen (due to volatility) and next day options is a complete crap shoot (gambling, not investing); along with fear of broker actions and not being able to watch the market all day. 
    I still think there is more pain to come in the market, but I have plenty of risk in place - so I'm going to ride my current stonks for now; lost plenty on theta today on my current puts. The aggy thing to do would be to invest in more when the market goes up......maybe later in the week, as I lose more on my hedge.

    I thought you were supposed to make mad bank whether the market went up big or down just as long as it didn't stay flat.  Are we now in an age where 4.5% on an index is considered flat?

    Crap, never mind I see you had to bail before end of the day.  That sucks.

  8. On 2/28/2020 at 10:27 AM, Anastasis said:

    I don't pay as much attention to XOM and CVX as I use to, but are these guys looking at cutting dividends?  The yields are crazy at this price level. 

    If executives want to keep their jobs, then they are not looking at cutting dividends. And if there is one certainty in markets it’s the big bosses are going to take care of themselves first and foremost. 

  9. I always felt Rohit Sharma would be the best capitan, but he’s “hurt” and isn’t expected back until the IPL starts up at the end of the month.  Guess that shows his priorities so maybe my assessment is wrong.  I would be ok with KLR or Iyer, but the numbnutts at BCCI will probably try to entice Dhoni to come back.

  10. 4 hours ago, 52-80 said:

    Now think what it would be if you didn't take the brunt of the 50% drops.

     

    There's gigantic assymetry between getting back in too late, versus eating all the loss on the way down.

     

     

    If you're making regular contributions you aren't "eating all the loss" as you're buying cheaper stock on the way down.  Brings your total average cost down at the same time.

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