if that's all you have you have no clue what "independently wealthy" meansThis from the poster who posted/bragged about his 28k investment in some I forgot the name of energy stock!
you might actually impress me if you had another zero in that number. i'm betting you don't without Photoshop. Originally Posted by The_Waco_Kid
I honestly do hope your investments turn out well. Everyone hates losing money.Pay no attention to Wacko...he was bragging about his 28k dollar portfolio a few weeks back!
I have thrown my hat in the ring with NIO for a 5 year investment. If that works out I will buy a bigger boat.
I'm done. Originally Posted by VitaMan
It's a hard way to make money, unless perhaps you're a gifted trader like Vitaman.Much safer to buy options than to short, especially if you can't bankroll the loss. At least you are only out the contract price with options. Can still lose your ass if you bet big though.
If a company is a fraud or wildly overvalued and other investors recognize that, the cost to borrow the shares may become exorbitant. You might have to pay borrow fees of up to several hundred percent per annum during part of the time you hold the position.
You may be forced to buy back the shares you sold short at an inopportune time. And the amount of margin required will increase if the price of the shares increase.
If you buy shares you're not going to lose over 100% of what you pay for them. If you sell short at, say, 100, and the price goes to 1000, then you've lost 9X what the position was originally worth, plus what you probably paid to borrow the stock.
Here's my cautionary tale. I was right but still lost my shirt.
https://www.eccie.net/showpost.php?p...&postcount=156 Originally Posted by Tiny
about 32k this week.If you'd paid a lick of attention, you'd know I'm in the energy sector. Have been for a while and jumped in with both feet in December. My only regret is selling ExxonMobil. Had I known Trump's lil buddy Vaddy Pootin was gonna be such an ass....I'd sold my house and bought more stock....oh wait....I did do that
still claiming you are up 30% overall in a bear market with the market down about 25%?
sure .. sure u are. Originally Posted by The_Waco_Kid
.
If you'd paid a lick of attention, you'd know I'm in the energy sector. Have been for a while and jumped in with both feet in December. My only regret is selling ExxonMobil. Had I known Trump's lil buddy Vaddy Pootin was gonna be such an ass....I'd sold my house and bought more stock....oh wait....I did do that
And the only reason I'm talking chit is because of your past nonstop praise of Trump and his bubbling stock market!
What was that shit you always used to say?
And take note I did not make fun of your 32k bump this week.
Also I was talking about your bragging about how much you were invested in energy and you stated you had 28k of some oil company. I did not make fun of you. Originally Posted by WTF
28.62%
And you need to sell that turd in your punchbowl, Netflix.
People are going back to work ond that there stimulus money has done run out.
But maybe like crackheads Netflix user are addicted. I thought I read where they were losing users or their users were losers, either way...unless they figure out a new way to generate cash besides growth, I don't see it. Originally Posted by WTF
Much safer to buy options than to short, especially if you can't bankroll the loss. At least you are only out the contract price with options. Can still lose your ass if you bet big though. Originally Posted by royamcr
Always ways to make money. Straddle options one of them. Buy puts and calls on same stock, eat the contract premium and make money on any sizable upswing or downswing. Worst case is lose the premium if the stock doesn't move enough. Originally Posted by royamcrGiven my temperament you're probably right.
I mentioned briefly about insider trading, the elites, and shorting a stock last week. How it was easier, less risky, with a bigger payoff than waiting for a stock to organically increase in value. Two big examples of where government caused a stock value to plummet promising two big pay days for those in the know.
Jif Peanut Butter a subsidiary of Smuckers was trading at $143 a share on May 17th. Then the FDA wanted a recall for salmonella (let me take some time for the low brow thinkers here, I'm not in favor of salmonella or bypassing safety if it is real. What I am saying that if someone knows what is coming 24 hours ahead of time they can make a killing.) The price plunged to $122.45 six days later. A 10 million dollar trade could have snagged a million and half dollar pay day in six days. Then the other shoe dropped and the stock lost some of it's regained value.
Abbott baby formula was selling at $141 a share on the 29th of December before the recall. After the recall, the stock price was $105 a share on May 11th. For a short sell, that could mean a couple of million off a ten million dollar investment. Plus, Abbott used the opportunity to buy back 5 billion of stock which put money in the pockets of investors and increased the stock price. Easy enough to do if you know a head of time. I wonder if Nancy or Hunter is involved. Originally Posted by the_real_Barleycorn
I see that the feeble minded did not understand what I wrote and the corrupt want to disparage what I wrote. Let me try to clarify for those that can "get it".That's just not right. I'm feeble minded and I understood what you wrote. And no one has disparaged what you wrote but I'm happy to oblige.
The short that I'm speaking of is with the full knowledge of a decline in stock value. Not a guess, not something based on market analysis but insider knowledge that the government will force or take some action that will hurt a stock value. In simpler terms (for the simple minded), unethical and possibly criminal action. The two examples that I laid out (JM Smuckers and Abbott) were both affected by the government oversight. A person in high office could borrow a great deal of stock on the margin meaning that they pay maybe 10% of the actual value of the actual stock for a short period of maybe 30 days. If the stock declines in value (as they know that it will) then they can return the stock and pocket the difference which as I wrote could be in the millions. No risk, all profit...if they are doing it illegally
Yep, those transactions could be tracked if someone was of a mind to do so but DC is definitely a swamp. If someone did try to track the money, there are many ways to disguise money or involvement. They put Martha Stewart in prison for insider trading based on an offhand comment to her lawyer during a golf outing. Should unconvicted felons like Nancy or Hillary escape the same fate? Originally Posted by the_real_Barleycorn
The insider testified just after Christmas. How about that for timing and not cherry picking.Apparently there's been an issue since at least 2019,
I never indicted anyone. I asked a question. Who does the SEC work for nowadays...Biden?
Plus, I never said an "ordinary Joe" was going to get that kind of a margin call. We're not talking about those Joes. We're talking about someone connected with millions of dollars to draw on.
Gamestops only happen once a great while and only if the big boys put their junk on the table with not protection. It cost them. Originally Posted by the_real_Barleycorn
That's just not right. I'm feeble minded and I understood what you wrote. And no one has disparaged what you wrote but I'm happy to oblige.I love that he over reaches. Keep punching above your weight, sailor!
Where's the evidence that people in high office or government employees took advantage of this and sold short? You haven't presented any. If evidence arises the SEC will look into it. When there are indications of illegal insider trading, they do go back and track the transactions.
You are cherry picking with Abbott. You chose a day when Abbott was extremely close to its 52 week high ($141/share), 12/27/21, and then compare that to a 48 month low ($105), on 5/11/2022. So when did the recall begin? Mid February. Not close to either of the dates you're throwing out. And Abbott bought back its stock before it knew there was a problem with the formula. Big deal.
You seem to assume that if a product is recalled, politicians and government employees and "elites" will make money off it through illegal insider trading. I'm sure that has occurred and will occur, but it's not as common as you think.
Finally an ordinary Joe who's not a professional trader is not going to be able to put up just 10% margin on a short sale. Originally Posted by Tiny
If you'd paid a lick of attention, you'd know I'm in the energy sector. Have been for a while and jumped in with both feet in December. My only regret is selling ExxonMobil. Had I known Trump's lil buddy Vaddy Pootin was gonna be such an ass....I'd sold my house and bought more stock....oh wait....I did do thatI got stopped out on XOM last year. Then the beginning of this year my portfolio took a massive shit. I’m gaining it back little by little
And the only reason I'm talking chit is because of your past nonstop praise of Trump and his bubbling stock market!
What was that shit you always used to say?
And take note I did not make fun of your 32k bump this week.
Also I was talking about your bragging about how much you were invested in energy and you stated you had 28k of some oil company. I did not make fun of you. Originally Posted by WTF