All things STOCKS

#11,827
#11,827
Velo Vol said:
I definitely need to move money out of the bank account. Or should I wait until the next rate hike?
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The difference in .5% and .05% on $100k for a year is $450. So might not be a lit if money. So I'd shop rates and if you know you will not need the money for a while shop treasuries and CDs.
The rates paid by lending institutions vary typically based on their loan demand. It is not a static market. Banks also have to stay within regulatory limits. Many stay at or near those limits if they have the demand.
The small Community bank in your neighborhood might pay better and provide better personal service. You just never know.
FWIW, I'm retired, and keep plenty in bonds and cash in case there is another drastic fall in the market.
Still 60-70% stocks.
 
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#11,828
#11,828
Go aeiou said:
The difference in .5% and .05% on $100k for a year is $450. So might not be a lit if money. So I'd shop rates and if you know you will not need the money for a while shop treasuries and CDs.
Click to expand...
Yeah, I was just wondering aloud if I was thinking about a CD it might make sense to wait a couple weeks if the Fed is going to raise rates another 0.5-0.75%
 
#11,829
#11,829
M
Velo Vol said:
Yeah, I was just wondering aloud if I was thinking about a CD it might make sense to wait a couple weeks if the Fed is going to raise rates another 0.5-0.75%
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It might take longer than 2 weeks for cd rates to rise.
You can look at rates for a few months to 30 yrs at vanguard.
You might look at treasuries too. You can buy those direct from govt.
 
#11,830
#11,830
I see stuff like this and I don't know what to make of it. Guy says if you sell on the 12th trading day of September, for at least two days, you have a 90% chance of being profitable due to a seasonal trend. (I've posted before about how September is on average a red month).

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#11,831
#11,831
Go aeiou said:
The difference in .5% and .05% on $100k for a year is $450. So might not be a lit if money. So I'd shop rates and if you know you will not need the money for a while shop treasuries and CDs.
The rates paid by lending institutions vary typically based on their loan demand. It is not a static market. Banks also have to stay within regulatory limits. Many stay at or near those limits if they have the demand.
The small Community bank in your neighborhood might pay better and provide better personal service. You just never know.
FWIW, I'm retired, and keep plenty in bonds and cash in case there is another drastic fall in the market.
Still 60-70% stocks.
Click to expand...
Check rates on bankrate.com. Citibank and American Express both have rates almost at 2%.
 
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#11,834
#11,834
I don’t want to watch these videos. If you want a response just tell us what he actually did, I guess.
 
#11,835
#11,835
Firebirdparts said:
I don’t want to watch these videos. If you want a response just tell us what he actually did, I guess.
Click to expand...
My interest isn't the specifics of this particular trade. It's the whole idea of predicting the market based on past price. Technical analysis, or in this case, seasonal analysis.

Some people say it's complete carp. But it must work for some. Or at least there's an audience for it.

Seems like after this many years of people doing it, the jury wouldn't still be out.
 
#11,836
#11,836
I’m adding NFLX to my option stocks list. I’ve not liked the company through the years, but the shares are $233.57 (52 week range: $163/$701) and the p/e is 21x. I don’t love it for the long term but I think it can be traded (through shorting options) as it scales upward.

Maybe sell NFLX 220916 P 222.5 in the morning. It’s about $2 right now and bid/ask is slightly lower.

Options list ATM: NFLX, AMZN, MSTR, NVDA, ISRG, TSLA, URI, MMM, and maybe FDX/UPS. MSTR and NVDA might be too volatile for comfort though.
 
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#11,837
#11,837
I think I have the 411 on the SAVE and JBLU merger. It might not be a bad risk for those willing to wait about 18-24 months for about plus 55%.

SAVE is trading at $23 plus change.

The buyout that has been accepted by SAVE shareholders is for at least $33.50. They need a formal vote. I think back in July that vote might have been to reject Frontier’s competing (and lesser) bid.

$2.50 will be paid to the shareholders as soon as Spirit management gets off their butts and arranges for a shareholder vote. Once the SAVE shareholders vote yes on the deal, JetBlue will pay them the $2.50/share.

$31 will be paid to the SAVE shareholders when the deal closes. Worst case seems to by in the second half of 2024.

Starting in January 2023 the SAVE shareholders will receive an additional $0.10/month ticking fee until the deal is completed. I didn’t find the maximum fee in the press releases. I saw on a message board that the maximum fee is $0.55 and that the deal could drag out until December 2024. I’m not clear on the exact terms. I suppose I could find it in SEC filings if I hunted for it.

JBLU is spending hundreds of millions to get the deal completed, (especially the $2.50/share upon formal voter approval), so they appear confident that they’ll succeed. They have hired a hot shot merger attorney AND they have already begun unloading some overlapping service areas that the government regulators would have issues with.

The SAVE board needs to get out of the way. They are doing a poor job of representing the SAVE shareholders’ best interests. They don’t deserve to receive anything extra in the deal - no doubt they will. Maybe that’s why they are still dragging their feet. They are expecting to be rewarded personally. They already attempted to push a less lucrative Frontier buyout onto the SAVE shareholders.
 
#11,844
#11,844
Quite a two-year chart.

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#11,848
#11,848
Thunder Good-Oil said:
Maybe sell NFLX 220916 P 222.5 in the morning. It’s about $2 right now and bid/ask is slightly lower.
Click to expand...

I got lucky. Yesterday’s rally stopped me from selling that strike. I put in a GTC sell limit (on Sunday) for $3 just as a placeholder that I was going to reduce as the open settled down. I cancelled it before today’s open. Good thing. That put contract hit $4 this morning.
 
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