Bought April 8 290 SPY puts . I don't really know what I'm doing, but as Jerry Yang once said, "In the name of Jesus Christ, let me win."

Appreciate it fellas. Ironically enough, at some point I'm actually going to buy cruise ship stocks in my Roth as a long term investment since this too shall pass, but we're still a long ways away from that. In the interim, hope this ship keeps sinking :-).

me irl



also me irl

Really curious where you think the buy will be.

I love Air Canada stock given how long our flu seasons are. Been working on a lot of ideas for when to get in. Thought Buffet was really early on his Delta buy.

king of wallstreetbets

I'm not a braggadocious guy, so I despise the whole persona, but it's hard to argue with results

His list is pretty tight.

Although 1000 deaths seems way low. To that list I'd add:

-Threat of olympics delayed
-Threat of election delayed
-Hospitals unable to perform elective surgeries and some minor surgeries
-Field hospitals in stadiums
-At least one fake vaccine rally

Once Powell uses up all his rate ammo, what happens next? NIRP?

I ask because this seems like it is going to happen by April.

QE-infinity before NIRP?

I've read some stuff that was over my head stating that it would be a challenge for the world reserve currency to implement NIRP.

I'm not sure. If I had to guess I would say that this thing will kind of stall out and things will temporarily look better over the summer due to warmer weather, but then there'll be another dive in the fall and winter (kind of what happened with the Spanish Flu.)

I think I'm actually going to start buying stocks in another few weeks to a month and play for a summer bounce, but not do any "buy and hold" stuff for a while.

And agree 100% that Warren Buffet's early. He's obviously a really smart guy, but everything he says about market timing is just dumb imo. Timing the market matters, and obviously you can never get it 100% right, but if you're thinking in terms of probabilities obviously it's much likelier Delta will be cheaper a month from now than it is right now.

Buffett is like a fat man stuck in a cabin. He's going down with the ship, so may as well keep eating. I ignore him.

Even if he weren't a permabull could he even announce it? If he said sell, sell, sell he would lose like 10 billion in a week. He basically is the system.

How much cash is Buffett sitting on? If market plummets because of corona pretty sure he will be ok.

I think he says and does some dumb things, but you don't survive 60-70 years in the markets and not know what you are doing. P.S. I hate passive investing.

Also, Buffett buying Delta does not consist of him booting up his dell, opening think or swim, and lifting the offer. The turnover in volume right now gives him the chance to get into positions quickly which he normally could not do.

Edit: Point is he almost has to be early.

Speaking of airline bottoms SAVE dropped 18.22% today. They have higher revenue than they do market cap and a p/b of below 1. Since I am a frugal nit I always Expedia sort my airline ticket purchases by prices of low to high and Spirit is almost always given as the top output. So they have a built in competitor advantage with the nits and the poors, their flights always seem to be full or almost full. I just got back from Vegas on March 2 and my Spirit flight was full. The only concern apart from virus panic is that they have debt beyond their market cap, but they also have lots of cash on hand.

Gundlach said he thinks fiscal stimulus will be talked about soon.

Did a 1/2hr interview on CNBC today.


Dems would have to cooperate with Trump on a payroll tax cut as well, would look horrible politically not to.

The relative strength of gold continuing here. Put a buy stop on JNUG just over 68. Putting on QID at open

It's down 12% from ATH. Not crazy, but also not nothing.

Moreover, China, which is parallelized by lockdown, is only down 10% from it's Jan highs. The same can be said about the Nikkei and emerging markets. And 10% moves are nothing-burger moves in these markets. The American markets seem irrationally panicked. Maybe we need one more round of primaries to completely eliminate Bernie?

To be honest I think you could buy pretty much any travel stock right now and be glad that you did it 1.5+ years from now.

At the end of the day, what really matters about the stock price of a company is its ability to generate a perpetual stream of earnings. Having 4-6 quarters of declining earnings is relatively meaningless as long as it doesn't permanently impair the long term prospects of the company. So in a sense, the fact that so many stocks are losing 30-40 percent of their value (and will likely continue to decrease further) is absolutely insane.

That having been said, timing matters. Buying now versus buying later might represent the difference between a 25-30% return over the course of 2-3 years versus like an 80-100% return over that same time period. I think it's still way too early.

A lot of these companies (Airlines, Cruise Lines, Car Rentals, Hotels, etc.) are leveraged af. Anything highly leveraged could have all or most of the equity wiped out by bankruptcy or bailouts.

To that point https://www.bbc.com/news/business-51748139

This.

Making lobster money today friends.

Bought some TSLA $650 shitputs expiring today before close yesterday when it was trading at $720 and we're already halfway to the money. If this is what finally gets me even against Elon I will laugh.

i had one 650 i bought for 13 bucks two weeks ago like an idiot and a few 630s yesterday for like 50c


so youre saying there's a chance