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Old 05-10-2021, 07:56 PM   #2151
djevans
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Re: 2021 Trading Thread

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what's based?



I said persecuted, not prosecuted. Don't tell me you like the tax agencies?

I'm perfectly happy to pay taxes, but they don't give the interest they are supposed to for over payments, make mistakes and charge penalties that you can't get rid of, then if you ever get ahold of them the employees aren't able to help you because they don't know anything. Meanwhile handing out billions of dollars to capable people who don't want to work (not the tax agencies but same thing)

But I'll end the derail here, sorry, it was the weekend and nothing going on at the time.
Oh tell me about it. It's absolutely disgusting what is going on. I think they want to destroy the country at this point, or are too stupid to realize they are doing it. Law biding citizens are getting fed up.
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Old 05-10-2021, 09:32 PM   #2152
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Re: 2021 Trading Thread

This housing market looked topped out...

Record lumber prices, record level of homeowners renovating during covid, record rates, record market, and prime stimulus possibly in the rear view mirror. Home Depot has been packed for a year. That pendulum always swings for them.
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Old 05-11-2021, 12:47 AM   #2153
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Re: 2021 Trading Thread

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Oh tell me about it. It's absolutely disgusting what is going on. I think they want to destroy the country at this point, or are too stupid to realize they are doing it. Law biding citizens are getting fed up.
I picked my accountant because he is known for being straight as an arrow, not aggressive with deductions or anything borderline. I asked for advice on getting the fees sorted out and told him we got shut down for 2 weeks in March and were not going to take the $500 a week benefit, but we could collect that to cover CRA's mistake charges. He told me that he thinks its the best option to get this resolved. They ignore all my letters.
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Old 05-11-2021, 03:25 AM   #2154
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Re: 2021 Trading Thread

Canyou move your tax related whinging to another thread?
It's nothing new under the sun.
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Old 05-11-2021, 09:29 AM   #2155
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Re: 2021 Trading Thread

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This housing market looked topped out...

Record lumber prices, record level of homeowners renovating during covid, record rates, record market, and prime stimulus possibly in the rear view mirror. Home Depot has been packed for a year. That pendulum always swings for them.
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
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Old 05-11-2021, 11:08 AM   #2156
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Re: 2021 Trading Thread

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
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Old 05-11-2021, 11:34 AM   #2157
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Re: 2021 Trading Thread

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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Old 05-11-2021, 11:48 AM   #2158
TeflonDawg
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Re: 2021 Trading Thread

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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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Old 05-11-2021, 11:49 AM   #2159
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Re: 2021 Trading Thread

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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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Old 05-11-2021, 11:51 AM   #2160
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Re: 2021 Trading Thread

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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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Old 05-11-2021, 12:28 PM   #2161
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Re: 2021 Trading Thread

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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Old 05-11-2021, 12:30 PM   #2162
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Re: 2021 Trading Thread

you guys should check out home ownership thread, page after page of an insanely hot market
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Old 05-11-2021, 02:04 PM   #2163
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Re: 2021 Trading Thread

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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Old 05-11-2021, 02:08 PM   #2164
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Re: 2021 Trading Thread

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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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Old 05-11-2021, 02:41 PM   #2165
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Re: 2021 Trading Thread

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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.
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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Old 05-11-2021, 02:50 PM   #2166
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Re: 2021 Trading Thread

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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Old 05-11-2021, 03:53 PM   #2167
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Re: 2021 Trading Thread

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Originally Posted by Clayton View Post
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.
i feel better about my XOM position
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Old 05-11-2021, 03:55 PM   #2168
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Re: 2021 Trading Thread

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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.
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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Old 05-11-2021, 04:29 PM   #2169
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Re: 2021 Trading Thread

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Canyou move your tax related whinging to another thread?
It's nothing new under the sun.
No
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Old 05-11-2021, 04:59 PM   #2170
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Re: 2021 Trading Thread

oh damn CPI is tomorrow too, getcha popcorn
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Old 05-11-2021, 05:07 PM   #2171
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Re: 2021 Trading Thread

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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Old 05-11-2021, 06:24 PM   #2172
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Re: 2021 Trading Thread

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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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Old 05-11-2021, 06:44 PM   #2173
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Re: 2021 Trading Thread

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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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Old 05-11-2021, 10:26 PM   #2174
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Re: 2021 Trading Thread

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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Old 05-12-2021, 07:09 AM   #2175
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Re: 2021 Trading Thread

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Originally Posted by Clayton View Post
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.
anybody who pretends they can predict macro is generally full of crap
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