***Official*** 2016 Stock Market Thread

[FelixDeCat]

Call me a sucker for punishment, I bought NUGT back pre-market at $8.

 

[FelixDeCat]

LOL!!!!

DRYS was $4 on Wednesday. Friday it went to $14. Monday it went to $21.

Todays price? THIRTY ONE DOLLARS!!!!

 

[Kazukian]

Bought DRYS @ $21 today, holy crap

 

[Imp]

That big vote in Italy is apparently coming up in a few weeks on December 4. Something about constitution reform, so it's not an Italexit/Itexit vote -- directly, at least. Oh, and their bank crisis still hasn't been solved, but who gives a shit about details like that.

Edit: Tired of the "markets are setting new records" headline. That's funny because only the DOW 30 is. S&P 500 and NASDAQ barely above early 2015 peaks -- ignoring 1.5 years of inflation. DAX and FTSE 5% or more below 2015 peaks. NIKKEI and Shanghai... lol.

 

[FelixDeCat]

Bought DRYS @ $21 today, holy crap

Holy crap is right! It hit $44 damn dollars today! FORTY FOUR DOLLARS, A $30 GAIN, 250%!! The third straight raise from $4 last week! Up TEN FOLD!

Did I mention it was for no reason? There is no reason for this run up. NONE!

 

[Kazukian]

Holy crap is right! It hit $44 damn dollars today! FORTY FOUR DOLLARS, A $30 GAIN, 250%!! The third straight raise from $4 last week! Up TEN FOLD!

Did I mention it was for no reason? There is no reason for this run up. NONE!

I was freaking out, they're maybe not going bankrupt, trying to refinance their debit, and sold a bunch of ships.

Have never doubled in the same day, what a trip.

 

[Imp]

Holy crap is right! It hit $44 damn dollars today! FORTY FOUR DOLLARS, A $30 GAIN, 250%!! The third straight raise from $4 last week! Up TEN FOLD!

I was so fascinated by this insane rise that I checked it out... It's lost 99% of its value from like 2 years ago. It's lost 99.99999999999999% of its value from 2007.

P.S. There's a reason. Trump gonna boom boom the economy, global economy recovery!

 

[zinfamous]

I was freaking out, they're maybe not going bankrupt, trying to refinance their debit, and sold a bunch of ships.

Have never doubled in the same day, what a trip.

yeah, something is up with that. someone out there playing funny against some rival's massive short option?

 

[FelixDeCat]

Just so we are not shocked again, I think DRYS hits $80 before the end of the week. Since the move from $4 to $40 in three business days made no sense, why not $80?

 

[Kazukian]

Damn, it's a double bagger for me.

Up $20K so far, why did I only buy 500 shares?

 

[zinfamous]

Just so we are not shocked again, I think DRYS hits $80 before the end of the week. Since the move from $4 to $40 in three business days made no sense, why not $80?

Why not? While I doubt there is a real argument right now for this thing returning back to it's high of ~$150k ( ), $80-200 really is just peanuts, no?

crazy. I freaking wish I had money to spend on such things last week (oh, and any desire/knowledge to pay attention to these markets ). I could have doubled my annual salary by selling off my current brokerage value for a ~week play in DRYS.

 

[Kazukian]

Picked up 200 more shares @ $56, hope they don't crater.

 

[SketchMaster]

Jesus... It's doubling daily. Trying to decide if I want to gamble a few hundred...

 

[Kazukian]

I'm in shock, damn...

 

[SketchMaster]

Had a few hundred in cash kicking around my accounts so decided WTF, in for 8 shares (I know, I'm ballin').

 

[Miramonti]

Any insight on drys, why it's moving, how rational/stupid it's movement is at this point, what's in it's future? Never seen anything like it.

/edit: I'm seeing no options available, imagine that, lol.

 

[Banana]

I'm in shock, damn...

Hello, my long lost cousin!

 

[Kazukian]

Hello, my long lost cousin!

Goddamn, never count your chickens, but I'm up $46K on a $20K investment. F*ck me!

If I sell, it puts me one trade closer to getting gigged for pattern day trading again, I guess I'm in for the ride. Double bagger in 2 days...

 

[FelixDeCat]

$100 print inevitable on DRYS

total mania IMO

I've been watching DRYS since 2008. The CEO Economou is NOTORIOS for running DRYs into the ground.

Assuming the price holds, and knowing Economou's past, I would be the farm that a secondary offering will be announced.

 

[Miramonti]

Goddamn, never count your chickens, but I'm up $44K on a $20K investment. F*ck me!

Not bad for a year's days work!

 

[FelixDeCat]

Goddamn, never count your chickens, but I'm up $46K on a $20K investment. F*ck me!

If I sell, it puts me one trade closer to getting gigged for pattern day trading again, I guess I'm in for the ride. Double bagger in 2 days...

If your current balance is over $25,000 the pattern day trader rule wont stop you (as long as you keep the balance over $25K). Also, you can get a one time waiver from your broker to remove the status, assuming you want to spend that money!

 

[FelixDeCat]

Also, my $8 buy on NUGT is going well. Current trade is $9.40. I sold the stock and bought some December 2, $9 calls for $1150.

 

[FelixDeCat]

Why not? While I doubt there is a real argument right now for this thing returning back to it's high of ~$150k ( ), $80-200 really is just peanuts, no?

crazy. I freaking wish I had money to spend on such things last week (oh, and any desire/knowledge to pay attention to these markets ). I could have doubled my annual salary by selling off my current brokerage value for a ~week play in DRYS.

Yes, any ridiculous price is possible.
But be careful what you wish for. After 20 years of trading, there is one thing that I know always holds true - money made by speculation is usually money lost by speculation.

 

[zinfamous]

Be careful what you wish for. After 20 years of trading, there is one thing that holds true - money made by speculation is usually money lost by speculation.

Oh, I agree! I firmly believe that no one knows anything about anything. In this world, brilliance only exists in hindsight or pure luck.

I'm feeling that this thing is getting to the point where I *could have* traded in my current meek brokerage offering, and maybe in a week this value would put me at my planned early retirement goal...about 10 year early.

 

[zinfamous]

Assuming the price holds, and knowing Economou's past, I would be the farm that a secondary offering will be announced.

aye