All things STOCKS

#13,986
#13,986
Majors said:
Jim Cramer, noticed him slurring more and more lately on his Mad Money show.
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Who? Buffett? He was harder and harder to understand the longer he was interviewed. He wouldn’t finish all of his comments or he’d get hung up for 8-9 seconds. And the Charlie Rose, hour plus interview was almost a year ago. He claimed that he’s dumber, but wiser. Walks up stairs thinking about something else and forgets why he went up the steps. Can’t do math as well in his head. Can’t read as fast. But claims to be as good as he’s ever been at picking companies to buy (or sell). Mentions Todd and Tom as his likely replacement(s). One of them (I think the older one - one was born around 1972 and the other around 1962) turned his $75k IRA into $130,000,000 in less than 30 years by only trading securities available to ANY individual.
 
#13,987
#13,987
This bullish bump is my fault. I wrote a covered call and the underlying is up 20% in 2.5 sessions. The opportunity cost is maybe going to be a couple thousand. Oh well. They say don’t be afraid to take a profit, pass up an opportunity to take a leak, or waste a b***r.
 
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#13,989
#13,989
Velo Vol said:
I wish I had that "problem."

Give us a heads up next time.
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I should have gone long instead of short the MSTR 230127 215 call, but I’m wanting to trim my long on some MSTR shares with the recent run up in Bitcoin. MATR and BTC both get crazy momentum when BTC changes its trend.

Probably after I watch Buffett’s YouTube on Bitcoin I will be scared out of holding any MSTR shares.

For those that haven’t been reading prior posts, MSTR (MicroStrategy) is pretty much a levered proxy for Bitcoin. High implied volatility. BTC took a hit as collateral damage from Crypto-Bro’s FTX fraud.
 
#13,990
#13,990
It’s bank earnings day.

It seems like banks should be hitting on earnings - if not today then next reporting period. They pay depositors 0.01% but are selling loans at 6% or 7%. Interest is nearly pure profit.
 
#13,993
#13,993
i haven't looked at bank earnings.

But, looks like we are setting up to launch. Hard to imagine that on a Friday prior to a 3-day weekend.
 
#13,994
#13,994
The Amazon basher is now long on AMZN.

Don't know why, but too strong to ignore. I guess the index guys are buying their quotas.
 
#13,995
#13,995
Jax_Vol said:
The Amazon basher is now long on AMZN.

Don't know why, but too strong to ignore. I guess the index guys are buying their quotas.
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Who is the AMZN Basher?

I keep wavering. Add to my position or sit tight. I’m not selling. But it’s only a small percentage of my holdings.
 
#13,997
#13,997
Thunder Good-Oil said:
Who is the AMZN Basher?

I keep wavering. Add to my position or sit tight. I’m not selling. But it’s only a small percentage of my holdings.
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I am the Amazon basher. For me, they have way too many irons in the fire. AWS can only carry them so far.

Can't decide if the market is going to stay strong in the last hour, or this is going to be a yank the rug out situation.
 
#13,999
#13,999
Velo Vol said:
Extremely bearish sentiment, historic indicators point to a looming recession . . . BUT so far earnings haven't disappointed much to the downside.

So we're just milling around waiting for something bad to drop.
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I am reading it as a rug pull final 50 minutes. Cancelled all my buy orders. Might jump back in at 3:55 for a hawt deal

As you say...bank earnings looked ok to me. better than I expected.

Defense sector is going to get the crap kicked out of it due to that last minute haggling to make McCarty the House chair,man. We can short about any..Boeing, NOC LMT, RTX, L3Harris, LDOS, etc. All going down next couple of weeks at least. Or, until we see their earnings and forecasts.
 
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