WeinkeToWarrick Posted May 10, 2021 Report Share Posted May 10, 2021 Rocked again today. Amazon stock is a fucking nightmare Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted May 10, 2021 Report Share Posted May 10, 2021 Am I the only one here that ever shorts stocks? well besides mil mike of course.....it's really just as important as knowing when to buy you know.... Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 11, 2021 Report Share Posted May 11, 2021 2 hours ago, Screw Andrews said: Am I the only one here that ever shorts stocks? well besides mil mike of course.....it's really just as important as knowing when to buy you know.... i don't short anything, but i do buy puts on stuff i think is gonna crash for my ocd that's better risk/reward... so i don't get shaken out like i would on short positions Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 11, 2021 Report Share Posted May 11, 2021 7 hours ago, Screw Andrews said: Am I the only one here that ever shorts stocks? well besides mil mike of course.....it's really just as important as knowing when to buy you know.... I do. like to lose money every way possible when trading ! Quote Link to comment Share on other sites More sharing options...
richsox24 Posted May 11, 2021 Report Share Posted May 11, 2021 Premarket...Penn all the way down to $77 Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 11, 2021 Report Share Posted May 11, 2021 15 minutes ago, richsox24 said: Premarket...Penn all the way down to $77 good lesson in "price matters" people that piled into door dash early have lost half their money, people that piled into penn at 140 similar problem unemployment ending (unless you're actually looking for work) must have a lot to do with this stuff... for the past year these lazy pricks have been taking unemployment/stimulus money and pissing it away in regional casinos, with nothing better to do all day Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted May 11, 2021 Report Share Posted May 11, 2021 11 hours ago, milwaukee mike said: i don't short anything, but i do buy puts on stuff i think is gonna crash for my ocd that's better risk/reward... so i don't get shaken out like i would on short positions Well pretty close to the same. Only problem there is on some issues might not be enough volume or only monthly instead of weekly..... Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted May 11, 2021 Report Share Posted May 11, 2021 On 5/4/2021 at 12:55 PM, Screw Andrews said: On 4/5/2021 at 2:10 PM, Screw Andrews said: Short another 100 TSLA @ $700.....let's see if the ATM gives again.... On 4/14/2021 at 7:36 AM, Screw Andrews said: Short more TSLA this morning at $780.....average price now short $740 Well it's been a month.....TSLA the ATM is still giving.....tempting to cover for 16K....but I think I'll wait Well looks like I will cover this today sometime today for a pretty good hit for 5 weeks Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 11, 2021 Report Share Posted May 11, 2021 Holy shit my premarket looks like a train wreck, and usually red premarket just multiplied by 10. Fuck this market. If I can get any sort of bounce I’m taking a lot out of individual stocks. Fuck Biden Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted May 11, 2021 Report Share Posted May 11, 2021 Well I took a big risk and lost everything, it was a fun year anyways lol Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 11, 2021 Report Share Posted May 11, 2021 5 minutes ago, ERBtheGREAT said: Well I took a big risk and lost everything, it was a fun year anyways lol ugh sorry to hear that erb i held on to penn to save 10% on capital gains rates and it cost me 50% painful but not to your extent Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 11, 2021 Report Share Posted May 11, 2021 rkt hitting a new all-time low premarket Quote Link to comment Share on other sites More sharing options...
richsox24 Posted May 11, 2021 Report Share Posted May 11, 2021 This all stems back to gamestop/January. Can't try to outsmart the billionaires....because they will ALWAYS win, even if they have to cheat. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted May 11, 2021 Report Share Posted May 11, 2021 10 minutes ago, milwaukee mike said: ugh sorry to hear that erb i held on to penn to save 10% on capital gains rates and it cost me 50% painful but not to your extent Yeah not sure what to do now, just have to hold For now. Will have to liquidate stocks tomorrow I imagine, really want to hold on to kohls and xom so will have to dump six ccl and cnk most likely to stay afloat Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted May 11, 2021 Report Share Posted May 11, 2021 1 minute ago, ERBtheGREAT said: Yeah not sure what to do now, just have to hold For now. Will have to liquidate stocks tomorrow I imagine, really want to hold on to kohls and xom so will have to dump six ccl and cnk most likely to stay afloat Ouch sorry erb.....large margin call i guess? Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted May 11, 2021 Report Share Posted May 11, 2021 I’m assuming that will be the case at the end of the day. Just trying to plan for it Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 11, 2021 Report Share Posted May 11, 2021 hang in there erb back in 2001-02 my net worth went negative, i was borrowing from anyone and everyone just to push back margin calls took me years of busting my ass to get out of that hole Quote Link to comment Share on other sites More sharing options...
richsox24 Posted May 11, 2021 Report Share Posted May 11, 2021 Well they win...I'm about done with Penn. I don't own a ton of it but selling 3/4 of my shares for a loss. Need to get off the sinking ship. Will reconsider getting back in around $50. Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 11, 2021 Report Share Posted May 11, 2021 How the fuck are Amazon and apple such shit? Those are the two that drive me nuts. The two companies that run the world and make ridiculous amounts of money. They’re only going to get more interwoven into life. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted May 11, 2021 Report Share Posted May 11, 2021 Thanks for the encouragement, I’ll have to see how bad today ends up being. I have 180k of my own money invested and my portfolio looks like it will drop to around 230k today, maybe worse. So it’s not the end of the world for me, just would hate to sell everything after such a huge drop. Depending on how big the margin call is my order of liquidation would be six, ccl, cnk, kohl’s, xom. Hopefully it doesn’t get past the first three! Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 11, 2021 Report Share Posted May 11, 2021 4 minutes ago, richsox24 said: Well they win...I'm about done with Penn. I don't own a ton of it but selling 3/4 of my shares for a loss. Need to get off the sinking ship. Will reconsider getting back in around $50. i don't think penn is going down to the 50s i would hold it and sell covered calls against it... for example you can sell june 85 calls for around $4... that way you get $4/month to wait rather than taking 75 Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 11, 2021 Report Share Posted May 11, 2021 I’m about to take a 10” big black dildo up my ass at opening bell Quote Link to comment Share on other sites More sharing options...
richsox24 Posted May 11, 2021 Report Share Posted May 11, 2021 12 minutes ago, milwaukee mike said: i don't think penn is going down to the 50s i would hold it and sell covered calls against it... for example you can sell june 85 calls for around $4... that way you get $4/month to wait rather than taking 75 I just think Penn is one of the more manipulated stocks currently. When the stock drops 3% 1 minute into premarket hours because of a 200 share sell order, something is going on. No explanation for Apple or Amazon like w2w said. How Apple isn't a $150-170 stock right now after their last 2 earnings reports is mind blowing. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted May 11, 2021 Report Share Posted May 11, 2021 Did you sell rich? Quote Link to comment Share on other sites More sharing options...
richsox24 Posted May 11, 2021 Report Share Posted May 11, 2021 3 minutes ago, ERBtheGREAT said: Did you sell rich? Thankfully not yet. Trying to squeeze a few more pennies. Quote Link to comment Share on other sites More sharing options...
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