Discussion ***Official*** 2021 Stock Market Thread

[FelixDeCat]

Im not sure about SOLO, I stopped following it late last year. I think PlanetJosh traded that stock once.

 

[FelixDeCat]

Wowza! Marin Software up 97% after hours to $10 on agreement w/Google to develop their software.

Whats not clear if this is a modification of an existing agreement or a new agreement altogether.

edit: Turns out to be a mod of a 2018 agreement. More term details are needed.

 

[dasherHampton]

Wowza! Marin Software up 97% after hours to $10 on agreement w/Google to develop their software.

Whats not clear if this is a modification of an existing agreement or a new agreement altogether.

edit: Turns out to be a mod of a 2018 agreement. More term details are needed.

Well, now Im glad I didn't buy back any of my MRIN puts. I've got 10 $2.5, 20 $5, and 1 $15 out there.

As far as SOLO goes - I wasn't really asking about SOLO, I was asking more about selling options over 2 years out. And I kind of answered my own question after some thought. As they would say in Austria : "Es war eine Schnapsidee (an idea brought on by one too many glasses of schnapps)".

$1200 ain't enough reason to hold a stock for over 2 years.

 

[FelixDeCat]

900 SAVA 57.5

 

[dasherHampton]

I thought about buying an option for the first time (still haven't done it). I was looking at a SAVA Jan call at $70.

But when I checked it was like $1900 for essentially a roulette wheel drop.

 

[FelixDeCat]

SAVA

Just stay up.

 

[FelixDeCat]

Timber!

 

[brianmanahan]

the market giveth, the market taketh away

 

[dasherHampton]

I'm surprised I'm only down 1.4% today. I thought to would be worse.

 

[dasherHampton]

Yup - day traders selling off before close.

Thank God I was smart enough this time to leave a little breathing room in my accounts.

 

[Lost_in_the_HTTP]

Last chance for September.

 

[ultimatebob]

Which Billionaire do I need to start dating to get in on the Rivian IPO? That one looks promising.

 

[FelixDeCat]

Which Billionaire do I need to start dating to get in on the Rivian IPO? That one looks promising.

I dont think you will be successful in that regard, but dont buy shares after the first 90 days. By then they will find a relatively stable price and if you are lucky you might make a buck or two. But dont look to get rich any time soon, that money has already been made.

 

[Torn Mind]

Which Billionaire do I need to start dating to get in on the Rivian IPO? That one looks promising.

A local landscaper near me was able to marry Julianna Marriott(the ex-wife of one of the blood Marriotts).

 

[FelixDeCat]

I traded in my paid off 2019 car for a 2022 suv. Because of very short supply they are asking for more than msrp on most cars. We spent hours on the deal because it was crowded of people trying to buy. I had to pay about 10% over, but I got a lot in return.

While waiting, the salesman and I had a chance to talk about many things including stocks. He told me about a company he used to work for called Blue Apron. I had heard of the company but did not know the company was publically traded - APRN.

When I looked at the company, I noticed that sales were in decline and they were losing money. They were also diluting shareholders to pay for those losses. This was a bad stock.

HOWEVER, they have been implementing changes including changes to the ownership structure, etc. As a result, the stock has bottomed and is turning around A few days ago, you could have bought shares for $6. They will now cost you $8, a 33% gain in a week.

And while APRN sales are in decline, the projected annual sales are roughly $400M, and the company is currently valued at $194M or about .50x revenue.

Either this stock is a bargain, or momentum traders are buying shares. Assuming the company trades at just 1x sales, this may be a $15 stock (a double?).

I have a token amount at this time.

 

[FelixDeCat]

The debt ceiling .... zomg! Sell! (We will work things out eventually, but for now we will pretend we wont, even though the gov has shut down several times)

Slowing growth .... zomg! Sell! The economy was overheated and inflation is running away. A little slowing is ok.

Rising rates.....zomg! Sell! 1.5% on the 10 year was never anything to worry about.

Oil prices are inching back to $100 a barrel, which will increase transportation costs and $4 a gallon gas ...zomg! Sell! It will cool off eventually.


The democrats want to tax the **** out of everything to pay for big socialist giveaway programs. Now you can worry!

 

[brianmanahan]

I traded in my paid off 2019 car for a 2022 suv. Because of very short supply they are asking for more than msrp on most cars. We spent hours on the deal because it was crowded of people trying to buy. I had to pay about 10% over, but I got a lot in return.

i thought about trading in my 10 year old car because it's killing my back and trade-in prices are high

but if everything else is expensive too then i might as well keep it

 

[repoman0]

i thought about trading in my 10 year old car because it's killing my back and trade-in prices are high

but if everything else is expensive too then i might as well keep it

Your back is worth a whole lot of money … that goes for fancy expensive office chairs, going to real rather than YouTube PT, and a nice quality supportive drivers seat

 

[ultimatebob]

The debt ceiling .... zomg! Sell! (We will work things out eventually, but for now we will pretend we wont, even though the gov has shut down several times)

Slowing growth .... zomg! Sell! The economy was overheated and inflation is running away. A little slowing is ok.

Rising rates.....zomg! Sell! 1.5% on the 10 year was never anything to worry about.

Oil prices are inching back to $100 a barrel, which will increase transportation costs and $4 a gallon gas ...zomg! Sell! It will cool off eventually.


The democrats want to tax the **** out of everything to pay for big socialist giveaway programs. Now you can worry!

You wouldn't be worried about things like the Debt ceiling and Oil prices if you were investing in quality assets like AMC stock and Dogecoin

 

[PlanetJosh]

I figured stocks would go up today because the first hurdle for the debt ceiling issue was dealt with. And so I thought the markets would think the debt ceiling would be resolved in the weeks ahead as mentioned earlier.

Oh well. Maybe it's fearing that earnings in general will turn out to be somewhat lower, as well as the other issues brought up in other posts today.

 

[KB]

People truly hate oil companies or perhaps there is room to run in them.

BP was over $40 in 2019 with average oil prices of 64/bbl. Now oil is nearing 80 and BP is still only $28. This implies a price of $50/share, $22 dollars higher than current price.
XOM, RDS, and others are in the same bucket.

I know people are moving to electric, but the roads are busier than ever here and full of gas guzzlers.

 

[Torn Mind]

People truly hate oil companies or perhaps there is room to run in them.

BP was over $40 in 2019 with average oil prices of 64/bbl. Now oil is nearing 80 and BP is still only $28. This implies a price of $50/share, $22 dollars higher than current price.
XOM, RDS, and others are in the same bucket.

I know people are moving to electric, but the roads are busier than ever here and full of gas guzzlers.

Wall St is mostly algorithms and whales. Oil's long term is going to be a massive transformation into petrochemicals and a little spike in demand and low supply now isn't going to change that.

I had APA corp last year but I sold it off and it seems like the move was a good one.

Why Oil and Gas Stocks Are Crushing the Market in 2021 | The Motley Fool

Energy stocks are leading the market, but will that last?

www.fool.com

 

[dasherHampton]

We're very, very, very, very, very, very far away from not needing fossil fuels.

Just wait until people's utility bills quadruple and quintuple.

 

[Torn Mind]

We're very, very, very, very, very, very far away from not needing fossil fuels.

Just wait until people's utility bills quadruple and quintuple.

We'll always need them. From the PVC and ABS pipes to transport literal shit to the artificial flavorings in food to the hexane needed to process veggie oil. And chemists are toying with them all the time.

The pie is shrinking with the transportation sector however, although long range transport will still rely on it for a while longer as a giant flammable pack of liquids is dangerous in this infantile stage. (In the DC area, tractor trailers have been found in positions you would not expect)

 

[FelixDeCat]

Oil companies are this generations tobacco companies. They will likely never disappear....just fade away and pay dividends until the year 2187.