All things STOCKS

#16,651
#16,651
Majors said:
DEFTF, XRP and Cardano making nice runs if you’re in the crypto market or looking to get in.
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My two cents are that there are far too many and there are only a few that are transparent enough to bother with. There are over 50 coins with market caps over $1B. Even the biggest and most recognized is a mystery.

As I posted in the crypto thread, the IRS taxes coin appreciation if they are used for transactions. It’s going to be an unmanageable mess.

I doubt I’d venture outside of the handful of the largest and a cap on any coin is essential. Some regulation is unfortunately going to be necessary as well.
 
#16,654
#16,654
DaddyChad said:
Options are rarely worth dealing with. Selling puts is a handy skill to have. Other than that spreads, calls, straddles, strangles, etc most of the time burn your average retail investor. Covered calls and puts are about all the average person needs to know about.
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That's what I have been saying for years. All those exotic strategies are a waste of time imho. I sell puts. On margin.


But..... dyodd.
 
#16,658
#16,658
Jax_Vol said:
Seems like an overreaction on Target...TGT.

Under the current administration, common Jane can't afford to shop at Target. With new government folks incoming, that gets inflation under control and the upper end Walmart crowd returns to higher quality of Target.

Am I wrong?

Unsure how tariffs factors into that mix.
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I was thinking the same thing.
 
#16,659
#16,659
SpaceCoastVol said:
I was thinking the same thing.
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Investors didn't buy the port shutdown BS, especially after the organized retail crime excuse they tried to give last year....

Only so long they can sweep their organization issues under the rug.

With that bring said, it's a really nice price now if they can get those organization issues fixed...
 
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#16,660
#16,660
Majors said:
Don’t disagree but anyone with a smartphone could report instant news on Twitter/social media.
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Therein lies the problem. I think most of whatever generations that are Z and beyond get their 'news' from TikTok and Instagram. Or whatever social media they are using. Have you ever seen that idiot Harry Sisson? He's the posterboy for stupidity and ignorance and he's got hundreds of thousands if not millions of followers.
 
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#16,661
#16,661
SpaceCoastVol said:
Therein lies the problem. I think most of whatever generations that are Z and beyond get their 'news' from TikTok and Instagram. Or whatever social media they are using. Have you ever seen that idiot Harry Sisson? He's the posterboy for stupidity and ignorance and he's got hundreds of thousands if not millions of followers.
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Don’t disagree on Harry or the younger crowd. Twitter and online media killed the need for journalist and transformed news outlets to what we have today. Rodney King beating was just the start of people reporting the news and that was with a handheld camcorder.
 
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#16,662
#16,662
SpaceCoastVol said:
Yep. I have a bunch of outstanding puts on it. And also the derivative play MSTY.
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Almost all of my options activity has been selling puts with 1-3 weeks left on the contracts instead of placing limit orders to buy shares of something (coupled with buying to close if they fall by 75% or more).

Last week I sold some covered calls on HOOD. $37 strike for 11/29 which will be ITM at today’s open. I have 12/6 $40.5s that need another nearly 10% move up in the shares to be called.
 
#16,664
#16,664
BigOrangeMojo said:
Investors didn't buy the port shutdown BS, especially after the organized retail crime excuse they tried to give last year....

Only so long they can sweep their organization issues under the rug.

With that bring said, it's a really nice price now if they can get those organization issues fixed...
Click to expand...
They have had the org issues forever. It's 2 steps forward then a step or three back.
I go in Target because CVS is inside. OTOH, I don't shop there much. If I have to wait on a Rx I look around the store. It's at least 95% women.
I don't know what their problem is unless it's they try to cover too many bases. Food, electronics, books, clothing, etc.
I can go to Kroger/Publix for food, Best Buy for Electronics, Books a million .... Or online.
They are primarily in heavily populated areas so other potential customers can do that to.
 
#16,665
#16,665
BigOrangeMojo said:
Investors didn't buy the port shutdown BS, especially after the organized retail crime excuse they tried to give last year....

Only so long they can sweep their organization issues under the rug.

With that bring said, it's a really nice price now if they can get those organization issues fixed...
Click to expand...
Retail crime. Not sure how much effect it has on the bottom line, but a friend of mine worked there part time, and said they let people walk out the door with merchandise. They are not allowed to approach them or follow them out to their car to get a license #.
He left a few years ago so that might have changed.
 
#16,666
#16,666
Thunder Good-Oil said:
Almost all of my options activity has been selling puts with 1-3 weeks left on the contracts instead of placing limit orders to buy shares of something (coupled with buying to close if they fall by 75% or more).

Last week I sold some covered calls on HOOD. $37 strike for 11/29 which will be ITM at today’s open. I have 12/6 $40.5s that need another nearly 10% move up in the shares to be called.
Click to expand...
So if you rolled that right now, you would gain $3 in premium, and if it hits another $2.50 in strike. I do that kind of thing all the time. On an up day like today it's a no brainer
 
#16,667
#16,667
Go aeiou said:
Would make a good name for a movie. At least for me.
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iu
 
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#16,668
#16,668
SpaceCoastVol said:
So if you rolled that right now, you would gain $3 in premium and if it hits, another $2.50 in strike. I do that kind of thing all the time. On an up day like today it's a no brainer
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Which one? I don’t want to buy the $37s for $2 that I sold for $1.25. I’ll just let the shares get called. Now the 12/6/2024 $40.5s are about to be in the range to trigger more shares being called.
 
#16,669
#16,669
HOOD has fallen pretty quickly from today’s high of $39.74 to $38.33. Maybe I won’t have shares called away. $37s are this Friday. $40.5s are next Friday.

It seems like the HOOD move might be a delayed reaction to the huge run up in Bitcoin.
 
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#16,672
#16,672
SCMI, after bashing forever I decided to buy it about 10 days ago. It has doubled in price.
It is a troubled company, and could go to zero today. I'm greedy though. If It gets to $50+ I'll sell or to $22-24 probably sell for a small profit.
 
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#16,673
#16,673
Go aeiou said:
SCMI, after bashing forever I decided to buy it about 10 days ago. It has doubled in price.
It is a troubled company, and could go to zero today. I'm greedy though. If It gets to $50+ I'll sell or to $22-24 probably sell for a small profit.
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I never got off the fence and missed it. It’s still got a long way to run to get back to its all time high.

I’d say that the biggest risk is if the new auditors find something and quickly walk away. But surely they know what they’re getting into and have maybe even consulted either the previous firm. If they were to resign it’s maybe dropping like a rock to single digits.
 
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#16,674
#16,674
Thunder Good-Oil said:
I never got off the fence and missed it. It’s still got a long way to run to get back to its all time high.

I’d say that the biggest risk is if the new auditors find something and quickly walk away. But surely they know what they’re getting into and have maybe even consulted either the previous firm. If they were to resign it’s maybe dropping like a rock to single digits.
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BDO is a good firm. I knew a big 4 wouldnt touch it but I wondered how far down the CPA list they'd go past the Big 4.

Grant Thornton or BDO wouldnt have touched it if there was rampant fraud here. This isn't like the shady firm that Truth Social previously used...
 
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#16,675
#16,675
BigOrangeMojo said:
BDO is a good firm. I knew a big 4 wouldnt touch it but I wondered how far down the CPA list they'd go past the Big 4.

Grant Thornton or BDO wouldnt have touched it if there was rampant fraud here. This isn't like the shady firm that Truth Social previously used...
Click to expand...

Didn’t Bernie Madoff use a tiny office that might have been his brother-in-law?

SCMI is in the top 100 S&P companies. They need to stop ****ing around or the founders will lose hundreds of millions more.
 
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