Carlo4 said:

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I'll look some. I saw that a few days ago and posted here... now the data is finally showing cracks.

Just a matter of time unfortunately.

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Indeed, you are the one who brought this to the front. Nice eyes by you.

What would define a "passive tech etc"?

McInnis 03 said:

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IrishTxAggie said:

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At least it comes out after close on a Friday.

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Weekend homework for all you Dr. Mike Burry wannabe's. Figure out how to short these CLO's. I guess you figure out who has the biggest stake, and it's probably the CLO bondholders.

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Googled "who owns clo"

Result - norinchukin bank

McInnis 03 said:

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What would define a "passive tech etc"?

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QQQ

In my graphs posted earlier, QQQ held, SPY has dipped under and not recovered. That was the main thing that stood out to me.

aggiedaniel06 said:

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$30,000 Millionaire said:

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hmm, most of the days gains given up immediately in AH. could it be OPEX day?

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I know you've been short for a while and I think your time to celebrate may have arrived.

There has been a massive outflow out of passive tech ETF's in darkpools this week.

This has been a tech led recovery for SPY and if money is flowing out of tech then SPY is dead.

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hell yeah. been waiting.

BenRev09 said:

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leoj said:

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BenRev09 said:

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Any ROKU buyers here?

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Needs to hold 111.40, not seeing a real constructive setup here, not a great week.

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thanks, I was looking at options and stayed away. Didn't have enough cash to go out too far and a weekly seemed too risky with that finish.

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Well I got greedy with ROKU this week and had a sell order for 135 when it ran (it got to 134.90) and now it's fallen apart. Ouch

I'll believe it when I see it. Fed seems dead set on printing cash and buying any and all assets. Why would that change now?

Ranger222 said:

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Added JNJ 6/19 155C

Added to AMD off of NVDA

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Did you by AMD stock or options? If options, which ones?

XLF and XLI headed the opposite direction of QQQ

Aggies1322 said:

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McInnis 03 said:

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IrishTxAggie said:

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At least it comes out after close on a Friday.

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Weekend homework for all you Dr. Mike Burry wannabe's. Figure out how to short these CLO's. I guess you figure out who has the biggest stake, and it's probably the CLO bondholders.

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Googled "who owns clo"

Result - norinchukin bank

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I think this was posted a little while back, reputting it here for homework.

https://www.zerohedge.com/markets/something-impossible-just-happened-clo-just-failed-its-aaa-overcollateralization-test

leoj said:

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McInnis 03 said:

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What would define a "passive tech etc"?

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QQQ

In my graphs posted earlier, QQQ held, SPY has dipped under and not recovered. That was the main thing that stood out to me.

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QQQ is actively traded.

Check out XLC, VGT, SKYY...

aggiedaniel06 said:

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leoj said:

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McInnis 03 said:

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What would define a "passive tech etc"?

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QQQ

In my graphs posted earlier, QQQ held, SPY has dipped under and not recovered. That was the main thing that stood out to me.

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QQQ is actively traded.

Check out XLC, VGT, SKYY...

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If it replicates the NASDAQ 100, how is that active?

What I meant is QQQ like SPX/SPY is actively traded by institutions. So it is much harder to decipher the intents behind huge block sells/buys.

When thinly traded funds start buying/dumping in massive blocks, it is much easier to spot as they rarely do it.

aggiedaniel06 said:

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What I meant is QQQ like SPX/SPY is actively traded by institutions. So it is much harder to decipher the intents behind huge block sells/buys.

When thinly traded funds start buying/dumping in massive blocks, it is much easier to spot as they rarely do it.

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Ok got it, interesting. I'll have to add those to a watchlist then, thank you.

McInnis 03 said:

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Maximus_Meridius said:

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At the doctor's getting the 20 week ultrasound of our first. Getting really ugly looks from the wife for checking this thread right now...

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Tell her your checking the little one's inheritance.

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Pretty much verbatim what I said. Also, if that's your Twitter pic, I think we worked together briefly about 10 years ago. Small world...

And thanks everyone. Baby boy is by all indications perfectly healthy. It was a small miracle that I even got to be in the room as this was the first week since March 1 they were allowing "support persons" to accompany the mother. And I was only looking at my phone while the wife was "prepping" in the bathroom, once the technician came in I was all about that. And it was awesome. Now I just have to hope they don't say mothers only in the delivery room if this crap flares up in late August.

Glad that I did look, though. Went ahead and took profits on the NET calls. Hopefully it was a profitable day for everyone else.

Congrats brother! I didn't really know love until I held my son. He's 4 now and the best thing I've ever done.

How big was da dick?

https://www.cnbc.com/2020/05/15/jc-penney-bankruptcy-filing.html
JCP just filed for bankruptcy.

Why make your loan payment yesterday and file today?

TChaney said:

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Prognightmare said:

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https://www.cnbc.com/2020/05/15/jc-penney-bankruptcy-filing.html
JCP just filed for bankruptcy.

Why make your loan payment yesterday and file today?

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Just make sure you pay yourself 4.5 million, and split another $5 million or so among your buddies before default.

https://www.forbes.com/sites/warrenshoulberg/2020/05/13/soltau-and-team-taking-10-million-in-bonuses-out-of-sinking-penney/

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They should have their assets seized and prosecuted.

ETA: This is why class action lawsuits only benefit the lawyers and the investors get pennies. It angers me so much.

FLS?

been trading in and out of 6/19 60C

Ranger222 said:

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been trading in and out of 6/19 60C

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Thanks, I'm in the 5/29 $60c myself

Yup. Worked in the QRC in BEA.

Very interesting but it assumes that the Fed won't just keep buying the bonds all the way down to investment grade bottom. Mentions that it would take 1.2T to do it. That's nothing to the Fed as we're aware.

AggiePeeps06 said:

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Very interesting but it assumes that the Fed won't just keep buying the bonds all the way down to investment grade bottom. Mentions that it would take 1.2T to do it. That's nothing to the Fed as we're aware.

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JMO, but the fed is going to backstop the market. That's not saying we won't experience downturns, but we are not revisiting the lows of March. IMO

For all the biotech fanatics....

On a related bio note, from one of the best