2021 Trading Thread - Page 85 - Business, Finances and Investing Forum

iirc costco sneaks in a bunch of things not commonly purchased (ie not something where people have an expected price range) at non competitive pricing because people are so accustomed to it being the cheapest place they just routinely shove things in the cart and don't really look too hard

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05-11-2021 , 11:48 AM

#2102

TeflonDawg

Pooh-Bah

Join Date: Oct 2006 Posts: 5,930

Quote:

Originally Posted by AllinPoker

not sure how you take all those signs into thinking housing market is topped out...looks like the housing market is going nuts in most markets

My friend said he put in a bid for this house

The next day he told me someone offered 9+ for it

Will stay inflated until rates go up

Last edited by TeflonDawg; 05-11-2021 at 11:53 AM.

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05-11-2021 , 11:49 AM

#2103

TeflonDawg

Pooh-Bah

Join Date: Oct 2006 Posts: 5,930

Quote:

Originally Posted by chytry

Attacks like this one are why I am in individual online security names but it still looks like organizations don't want to invest enough into online security.

Thoughts on INTZ?

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05-11-2021 , 11:51 AM

#2104

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,118

Quote:

Originally Posted by AllinPoker

not sure how you take all those signs into thinking housing market is topped out...looks like the housing market is going nuts in most markets

Specially since a lot of countries are about to go coocoo for coco puffs on immigration to try and keep the economic ponzi going.

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05-11-2021 , 12:28 PM

#2105

bursito

adept

Join Date: Sep 2008 Posts: 1,124

Agree with the above especially for Canada. Would have to double check the stats but I'm pretty sure most immigrants go to the big cities.
I picked up a cheap condo in the downtown core, was the superintendents place so needed some fixing up (kitchen and bathroom renos only) and am now renting it out. Students coming back to Montreal for uni in the fall. Will keep an eye out for other cash flow positive opportunities like that to BRRR but they are few and far between.

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05-11-2021 , 12:30 PM

#2106

rickroll

oddly catty

Join Date: Aug 2011 Posts: 22,618

you guys should check out home ownership thread, page after page of an insanely hot market

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05-11-2021 , 02:04 PM

#2107

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

Cathie Wood just said she'd be surprised if oil ever reached $70 again. It is currently $65.

Anyone think on this basis alone I should just liquidate anything that ARK is touching? I am genuinely tempted to do it. It feels like turnaround Tuesday is giving me a final parachute.

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05-11-2021 , 02:08 PM

#2108

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

Quote:

Originally Posted by bursito

I thought costco would get hurt with the inflation but if they just keep 14% margin dont they make even more $

two scenarios

1$ to 1.14$ = 14 cent profit
1.50$ to 1.71$ = 21 cent profit

How elastic are their sales is the question then, it's mostly cheap stuff so would demand drop off enough to push the equilibrium into a less profitable zone

my thesis was basically 1) the world is taking a breather from covid and whatever boost they got in people panic-prepping is slowing down for a year

2) their entire game is pushing small edges, real estate costs/locations and a large portion of their customer base are people similarly in love with cheap stuff, so a surge in prices is going to mess with their models a little and just 1 incident of sticker shock with a customer is prob gonna have them asking what it's selling for on walmart or amazon. a lot of their brand loyalty is tied in directly to prices. shrug.

gotta love them longterm but i thought it was a decent short candidate for 2021 only

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05-11-2021 , 02:41 PM

#2109

stinkypete

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 15,783

Quote:

Originally Posted by Clayton

When she's selling AAPL and other quality stocks so she can desperately pump her less liquid overvalued unprofitable futuretech crap it's probably not a terrible time to dump that **** on her. Feels like the ARK rektoning may finally be coming.

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05-11-2021 , 02:50 PM

#2110

bursito

adept

Join Date: Sep 2008 Posts: 1,124

We used to sell to Costco (many years ago) but the returns just killed us what a shock that was at the time. At least it prepared us to deal with Amazon with a provision clause. The disruption of receiving 30+ pallets of returns in one shot is a nightmare.

The way they would get around MAP was to bundle accessories for free. Like you get a PS5 with a free controller/game at the same price everyone else is selling the ps5 at.

As for ARK funds - you should know they use AAPL as a proxy for cash so she can sell it and buy the dips. PLTR was hovering in the 16s pre market this morning!

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05-11-2021 , 03:53 PM

#2111

BilldaCat

grinder

Join Date: Mar 2005 Posts: 690

Quote:

Originally Posted by Clayton

i feel better about my XOM position

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05-11-2021 , 03:55 PM

#2112

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

Quote:

Originally Posted by stinkypete

if this selloff has another leg over the next week i think the entire market will be looking at her. **** might asplode.

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05-11-2021 , 04:29 PM

#2113

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

Quote:

Originally Posted by chytry

Canyou move your tax related whinging to another thread?
It's nothing new under the sun.

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05-11-2021 , 04:59 PM

#2114

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

oh damn CPI is tomorrow too, getcha popcorn

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05-11-2021 , 05:07 PM

#2115

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,118

Finger is getting itchy to deploy into this clean energy selloff. But I'm thinking maybe I can be a bit more patient.

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05-11-2021 , 06:24 PM

#2116

A_C_Slater

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 8,343

Quote:

Originally Posted by A_C_Slater

What's the best way to invest in commodities as just a buy and hold? I have been looking at Jim Roger's RJI ETF.

RJI currently my largest holding, up 22% from the date of this post (1-07-21), get in now to protect yourself from the coming hyperinflationary collapse!

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05-11-2021 , 06:44 PM

#2117

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Quote:

Originally Posted by rafiki

Finger is getting itchy to deploy into this clean energy selloff. But I'm thinking maybe I can be a bit more patient.

Same. What names do you like?

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05-11-2021 , 10:26 PM

#2118

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

Bought TWTR puts at open and got wrecked and sold for loss. Didn't see it has a history of doing gap down and run up. Shorted SPY with SPXS yesterday afternoon so atleast gonna make that back. The gas shortage is awful in my major NC metro area. The news isn't doing it justice on how actually bad it is. Three gas stations around me are TOTALLY out of gas and the next two towns. It's a panic domino effect on any nearby station and I think it could continue over the weekend.

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05-12-2021 , 07:09 AM

#2119

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

Quote:

Originally Posted by Clayton

anybody who pretends they can predict macro is generally full of crap

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05-12-2021 , 08:32 AM

#2120

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

Quote:

Originally Posted by Clayton

oh damn CPI is tomorrow too, getcha popcorn

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05-12-2021 , 08:57 AM

#2121

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

yawn

flights, car rental, used cars, accommodation and other such prices are not gonna keep rising rapidly

Last edited by chytry; 05-12-2021 at 09:05 AM.

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05-12-2021 , 02:20 PM

#2122

bursito

adept

Join Date: Sep 2008 Posts: 1,124

If you're looking for a long term hold in cleantech my two biggest holdings are PYR and HPQ.V but it'll be some time before they blow up for real, the feb highs were all off hype. PYR just made a 20% intraday swing, will be super volatile until they close a major contract.

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05-12-2021 , 02:51 PM

#2123

jefkve

old hand

Join Date: Mar 2009 Posts: 1,453

There is no inflation, there is no inflation...

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05-12-2021 , 04:24 PM

#2124

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Well, those XRT puts paid very nicely; the ETF is down over 6% since my post. I'm still in a bunch but am freerolling now.

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05-12-2021 , 05:04 PM

#2125

bursito

adept

Join Date: Sep 2008 Posts: 1,124

Last time I checked GME was 6% of the xrt etf and now it's not even in the top 10. The biggest holding now is VRM and it's up 10% after hours on earnings release.

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