Forum Replies Created
-
AuthorPosts
-
CoronitaParticipant[quote=ltsddd]I checked the options. These small potatoes usually don’t offer options.[/quote]
https://finance.yahoo.com/quote/ABIO
is down 30% today. That would have been a beautiful short if it were possible….Drat.
CoronitaParticipantIt should apply to most public pools, but …”Why you should never get in a las vegas pool”
His twitter thread was entertaining to read.
Adenoviruses. A weak immunochromatographic hit for Tularemia (not conclusive). Campylobacter.
— Dan Kaszeta 🇺🇦🇱🇹 (@DanKaszeta) May 26, 2020
CoronitaParticipant[quote=ltsddd]I checked the options. These small potatoes usually don’t offer options.[/quote]
Nope. No options. I’ve tried… Boy have I tried…. I’ve been looking at some of these opportunities on my furlow Fridays starting last week…
Either some small company that plans to make a covid “PR stunt” to boost prices and get in before that happens …
Or a company that already made a PR stunt in which suckers have already bought into the hype to try to buy out of money 1 year or longer expiring options.I figure if I find 5-6 of these companies 1 might survive while the others crash and burn back down to reality.
Remember all those companies trading on OTC pink sheets that was pulling out their PR stunt “Rare Earth Metals” when that was all hyped up? Yeah most of those companies have gone under. lol.
CoronitaParticipant[quote=ltsddd]I am going to short 100 shares of ABIO tomorrow, if it’s still 15 or higher, just for the rush.[/quote]
You can’t. Not enough float. That was my initial thought as well but I checked and the normal volume.is around 20k/day there aren’t enough float shares tha brokerage firms would allow a short. Tried all 3 brokerage firms, was going to
call a 4th but so far no way. Let me know of you can.In any case, shorting this stock probably is a very risky idea. If it’s really being manipulated you could be on the wrong side during this manipulation and might not be able to weather it out until things start trading at normal price again.
If you really want to play the game of thinking this will go down, buy PUT options because at least you can keep your potential losses capped and to a specific duration. Even with the extra premium you’d pay for the option contract, that premium wouldn’t matter if the stock crashes and burns back to what it was trading before today, since you’re counting on a crash and burn wipe out the stock price in a big swoop before the option contract expires. And if it doesn’t before the expiration date, you are limiting your potential loss if this stock still behaves irrationally. A slightly out of money put option that expires 1 year from now should do the trick if this is manipulation since it’s unlikely they could contain this euphoria past 1 year without real test results. Anything shorter is risky imho.
Unfortunately , though, I checked that too… no one is writing any options for this small company… Probably because no one is crazy enough too.
Pass…
Meanwhile, I think that’s the game I’m going to play if speculators drive up Moderna back up to $86. After I sold, I was tempted to immediately buy 11 year expiring put options on Noderna too, since I figure the unexpected gain on the way up would more than pay for the 1 year put options even if they expired worthless (or stock price stayed at $80ies over the next year). Had I done that, it would have been a fun trip all the way up and all the back down to $50ies where it is today. Oh well, you can’t win them all.
CoronitaParticipantMy goodness, this company screams fraud…
https://finance.yahoo.com/quote/ABIO
$7 stock to $19 in one day. It seems like people are going crazy over any company that is trying to introduce anything related to covid testing or a vaccine, even if it’s meritless.
CoronitaParticipantI mean, maybe it’s just me, but it just seems really strange when the world seems to be on fire and crashing and burning, we get all this flury of activity here posting about how awful everything is, how things are going to continue to burn down, 50% off, can’t wait to make serious money on things, yada yada yada.
But when things aren’t that bad, when things recover, it’s like you can hear the crickets chirping.
It seems like this board has a propensity to celebrate failure, misery, crashes, people getting screwed…And I would even say that people actually enjoy seeing misery and hate anything positive.
I’m wondering if there is any case study about the growing trends of depression and a propensity of people gravitating towards negativity.
CoronitaParticipant[quote=The-Shoveler]This Blog is only good when the world is burning, unless you want to debate the benefits of socialism LOL.[/quote]
Well, since the stock market isn’t crashing and burning as before, I guess we’ll switch back to the the other favorite topic: “Right-Wing Media are Destroying Our Country”….at least until the stock market starts to nose dive again, where we can discuss the economy and the markets again.
Or we can talk about how the tourism and gaming industry is doing.
CoronitaParticipantMortgage forbearance… coming soon to refinance denial near you… Like hell there’s no consequences to getting one.
One facet of forbearance that Santa-Donato says is little known is the potential temporary inability to refinance a home loan afterwards. While suspending mortgage payments avoids “delinquency in the eyes of credit reporting agencies,” it does count as a “gap in payment from an underwriting standpoint,” he says.
If a borrower misses two consecutive payments on a government-backed mortgage in the span of 12 months, he or she would be ineligible for a loan refinance for a year, says Santa-Donato.
“I had to clarify this with some of the underwriting experts on our side,” he says. “That’s something that I haven’t heard spoken about at all as a particular downside to forbearance.””
CoronitaParticipantThis blog seemed to have died down ever since the markets have stopped crashing and burning…hmm.
CoronitaParticipant[quote=ltsddd]Sell in May and go away? When exactly in May – the 1st or 31st? I’ve taken a little $$ off the table the last few sessions. Small caps is up roughly 40% since beginning of April.[/quote]
I don’t think this general rule applies since we had a major correction in march/april. It didn’t apply last year as well.
CoronitaParticipant[quote=The-Shoveler]”I have a feeling March-April was one of those once in a lifetime chances.”
It definitely was a good bounce ( I know a few who played it well).
Not sure it is over yet IMO.
Bought a little SPYD (Still down about 25% from high and paying about 6%), just enough to keep eye on, will buy more if market takes another dump which I still think is possible.[/quote]
Perhaps. Don’t know. My trading account’s YTD is roughly back to where it was pre-covid at around , slightly more with the last few trades with AMD options, Moderna, and Carnival Cruises, roughly 15.26%
I’m sure people who were sitting out on the fence since the beginning of this year and planned to jump all in at the absolute low did very well if they jumped all in during March/April timeframe. Some stocks are trading at multiples of their March/April levels. So that all or nothing strategy suggested by some might have worked really well if their timing was spot on. Of course for me, I never trusted my exact timing with just one hand, so I would never make drastic large one hand plays. That prevents me from making a huge score like that guy above did with cruise stocks, but hopefully it will also significantly reduce my chances of taking a huge bath in case my timing is off, as it usually isthe case. There’s a bunch of volatility still. AMD was down to $49 yesterday on this China tech cold war scare. Then by the end of the day it was back up to $52. Ive been buying back and selling Jan 2021 $55 calls a few times now since it seems like we’re stuck between the $49-$56 for some time.
Plus, this year I finally get to claim some extra money from UI benefits for all these years I paid into the UI system and never made a claim. lol.
CoronitaParticipantsmart dude. wish I had more guts
https://finance.yahoo.com/m/b40142b8-1941-3985-a432-2a017728ca55/investor-turns-100-000-into.html
Speculator turns $100k into $2.2 million on cruise industry bet.
I have a feeling March-April was one of those once in a lifetime chances.
CoronitaParticipant[quote=scaredyclassic][quote=Coronita][quote=scaredyclassic]ugh. the cruise industry is just the worst.
i got this book to try to talk my family out of a cruise.
didn’t work.
basically it’s an ecological nightmare ship with slaves down below. the abuses are unbelievable.
if the cruise industry just totally died, the world would be 23% better[/quote]
The tobacco industry is worse, but they are doing well during covid with everyone stuck at home.[/quote]
im fine with tobacco. people want to get intoxicated with tobacco leaf, that’s their business. cruise ships are just so bad for the ocean and human rights. no comparison. im pro tobacco, pro weed, pro peyote, anti-cruise, anti-slavery.[/quote]
Glad I have the scardey seal of approval to own shares of Altria.
CoronitaParticipant[quote=scaredyclassic]ugh. the cruise industry is just the worst.
i got this book to try to talk my family out of a cruise.
didn’t work.
basically it’s an ecological nightmare ship with slaves down below. the abuses are unbelievable.
if the cruise industry just totally died, the world would be 23% better[/quote]
The tobacco industry is worse, but they are doing well during covid with everyone stuck at home.
-
AuthorPosts
