You here that pissing noise in the middle of the interview? WSB even caught that one.

Truly bizarre...

https://youtu.be/FFLnsy7xTMA?t=77

(at 1m 19s)

And he shakes his head too lol

The most charitable explanation is that they are greedy and foolish.

Trillion?

Here's an interesting read on oil tanker stocks.

https://seekingalpha.com/article/433...keven-analysis

To those of you who are long oil tankers, what signals are you looking for to exit the position/planned investment horizon?

USO back up to 2.9, am i crazy to double down here with some $3 and $2.5 puts once 9:30 hits?

I thought there was a reverse split today

it's not until the 28th

https://www.marketwatch.com/story/do...lit-2020-04-22

this is new territory for me, i'm guessing it's a good thing for all my put options and i should definitely hold onto them until at least the split occurs right?

new territory here will be reading up on it but as always would appreciate hearing the wisdom of the crowd

BNTX jumped from 42 to 56 on news their vaccine got approval for human testing - which isn't really any breakthrough at all but standard procedure, already down to 48 as most people who owned it probably accurately read that was way too high a jump on non news same as gilead

am thinking of starting a fund to buy all biotechs with something big in the pipeline then sell the minute they get a standard "we're moving onto stage 2 of 8 stages" type news

another thought is in the sports threads we had a lot of fun doing a crowdsourced sports betting group with proposals and voting by anyone who contributed $10 - would there be any interest in doing that here? would be a lot of fun and be a great platform to share ideas and I'd imagine the greatest benefit is replicating the same trades yourself that you like which the group votes upon

No idea. It's such a broken product now. I have the front month contract up about 25% today and USO is down. Crazy.

Edit: Don't listen to me, but personally if you can halve your position and let the rest roll would be the best option imo or just get out completely. Really hard to play a broken product.

ummm, this was on my ibkr notifications, sadly i didn't quite lose 7 figures in my earlier longs to qualify

unreal stuff, very glad i got out when i did instead of trying to weather the storm

Standard scumbag lawyer play. Any stock that goes down a bunch gets one or more class action suits. Law firms capture 75%+ of any settlement.

based on what i'm seeing on twitter today, i would not be surprised if USA tried starting a war w iran in order to save shale

not trading advice etc etc zzzzzz

USO has been a joke since inception and anyone who invests in it as a long term vehicle is a clown-shaped potato. contango remains undefeated.

wow snap

re SNAP, welcome to the new economy

Revenue $462.47 million
Net loss $(306) million

makes TSLA looks good

this cuts deep

clayton what play would you like for oil once it's time to go long then?

wouldnt it be more ideal for the usa if iran just striked saudi oil infrastructure again. that would bump up the price of oil too

The was nothing wrong with USO in non-crazy times (like oil going negative crazy times), same as there was nothing wrong with using XIV to make bets. Clayton is just being Clayton. The real mistake was longing something where demand has dropped 30% and supply has dropped 10% with the storage capacity nearly full. First principles stuff.

not even sure what you're trying to argue here, XIV was an instrument built to collect roll yield with tail risk of busto. USO (and VIXY maybe a better example) are instruments meant to capture short term opportunity but over a long period get brutalized by roll.

plz dont respond as i'm not gonna engage in whatever 7 paragraph potato argument comes next

presumedly the big boy american oil companies that are built to withstand this bloodshed and have first dibs on the graveyards of the smaller oil and shale companies. idk what they are. i dont know anything abt individual companies, i'm just a USO hater

gonna just put this link here and peace out on this USO discussion

https://www.fool.com/investing/2020/...-like-uso.aspx

where did you get in, 277?

Where are you hoping to get out? 282?

You're betting on the market rallying another 2% during the session for a 4% + day?