what bass turds, they closed it right around 4500.
Peter Thiel speaking at Bitcoin 2022:
— zerohedge (@zerohedge) April 7, 2022
Today all the gold in the world is worth $12 trillion, while global equities are worth $115 trillion. In 1980, the ratio was one-to-one, with all the gold in the world and global equities having the same value of $2.5 trillion.
$30,000 Millionaire said:
It doesn't mean it will happen, but there are good odds for a gap up tomorrow.
$30,000 Millionaire said:
folks, of course it was going to sell into the close today - duh. We had a huge rally and there was profit taking.
It doesn't mean it will happen, but there are good odds for a gap up tomorrow.
McInnis 03 said:
I
Hate
This
Pattern
Pattern update https://t.co/X0lKJLjIlY pic.twitter.com/EjwCtqhRGe
— Charles F (@charlesf11) April 7, 2022
M4 Benelli said:
I was looking heavily into UAN the past couple days. Really wanted to get my feet wet in a pile of shart dontchaknow. My eagerness got swatted down like a fly on the backside of a Saskatchewan slattern of the night. K-1 filing for it being an MLP just seemed like a pita, and there's other plays which can take me to the pay window Dusty Rhodes fashion.
My shart play of the day, pardon my French, is IPI. This thing has room to run if the stars remain aligned in the fertilizer shortage. Low P/E, Buyback announced, Debt paid in full, with 60mil cash on hand. Stock price looks like its ramped up quite a bit, but the amount of FCF that will be generated along with increase in Potash prices makes it look attractive as heck. Dont bet the farm, but definitely worthy of taking a hog or two behind the woodshed.
FREE #OPTIONS Ideas 🤯
— Trading Warz (@TradingWarz) April 8, 2022
Scale out when above 25% Profit$MU 75C>74.43 | 72P<72.39 (Priority #1)$MRNA 160C>158.93 | 150P<152.23$CAT 217.50C>216.04 | 212.50P<213.84$NET 115C>113.38 | 108P<108.80
101 ❤️for TOP Bonus Picks pic.twitter.com/z4vcid6bAq
dude I wish you could post more... love your stuff. Barbara Eden = babe.M4 Benelli said:M4 Benelli said:
I was looking heavily into UAN the past couple days. Really wanted to get my feet wet in a pile of shart dontchaknow. My eagerness got swatted down like a fly on the backside of a Saskatchewan slattern of the night. K-1 filing for it being an MLP just seemed like a pita, and there's other plays which can take me to the pay window Dusty Rhodes fashion.
My shart play of the day, pardon my French, is IPI. This thing has room to run if the stars remain aligned in the fertilizer shortage. Low P/E, Buyback announced, Debt paid in full, with 60mil cash on hand. Stock price looks like its ramped up quite a bit, but the amount of FCF that will be generated along with increase in Potash prices makes it look attractive as heck. Dont bet the farm, but definitely worthy of taking a hog or two behind the woodshed.
IPI with a 15% day today. Hedge inflating food costs with good ole Fert fellas. Ofcourse I swung my position on the day prior and missed out some solid soiled tendies. 2nd time in about as many months that I unloaded high conviction plays that wouldve made me stacks worthy of Barbara Eden. Had almost my whole port in CLF at an avg of 17, unloaded, and now its doubled.
Cant end up in Eden without crawling through glass.
Scooped up some CZR and more AMD today. Still holding ZIM, and added shipping play GSL to my port.
Also for oil plays, peep BPT, already has ran up, but should have more meat on the bone. Buy ona dip ofcourse.
59 South said:
I feel like we need to have one of those panel discussion video things with everyone telling their story about how they became hood rich.
How many here grew up quasi poor with pressure to not leave their small Texas hometown only to go national/global and end up hood rich?
frankm01 said:
Great call on IPI. Picked some up in my 401K just after you mentioned it. Hilarious posts by the way.
Now if l could just figure out the Israeli Tax Form to get back some of the ZIM divy they took........
austinAG90 said:59 South said:
I feel like we need to have one of those panel discussion video things with everyone telling their story about how they became hood rich.
How many here grew up quasi poor with pressure to not leave their small Texas hometown only to go national/global and end up hood rich?
So naturally graduated in 1990 with no real job so I messed around in Austin and finally found a job at a local Broker-Dealer making $5/hr starting off in the back office settling trades...6 months was promoted to the CMO/Mortgage desk and starting trading....6 months after that was running the desk but not getting paid for it so after 18 months and "sorry about your bonus this year" crap I left and moved to Houston and went to work for a real mortgage trading shop....It was the wild west back then in mortgage land and Houston was a major hub......Did that from 92-97 and was then recruited back to Austin to Trade and sale distressed debt......From 97-2014 distressed was it.....I can't recall all the different credits I was involved with but if you named a company from 1997-2014 many all filed Chp 11....Some of the best off my old mind would be: 1) Wireless cable names in 1998-99 that ended up being purchased by Sprint and MCI....True story, 1 of my accounts from the sales side was involved in a restructuring of a wireless cable credit (CIA Wireless) got new bonds and 100k shares of new equity, well him being a HY Fund was not allowed to hold equity positions so I bought his 100k shares for $1 total and put them in my 401k....Less than a year later those shares were tendered from MCI at $28/share.....2000 we bought a 4500/sg ft house outside of Austin...2) MCI of course became Worldcom and they filed Chp 11 and there were billions of bonds available to trade....Our firm ended up getting 3 of the largest buyers of the debt and we traded $250mm+ daily for 4 months...Of course this was before screens and trace so the market was what you made it as long as you could back it up.....Our desk made $50mm+ on that credit...3) Enron was a great 1 as well...Had an analyst on the phone for their qtr call when one of the higher up guys called a hedgefund manager (short seller) an ******* for asking some "relevant question"....We shorted bank debt and bonds next morning from mid $90's and covered at mid $40's.....Bonds ended up going to low teens if I remember right and then I had an analyst who really broke down all the subs and we figured bonds were worth $50+ on liquidation...We found several large friendly distressed hedge funds and presented them our model and then we went on a buying spree trading bonds all over the place....We were off on recovery by 5 cents....bonds got ~$45.....4) Lehman and Bear Stearns bonds were interesting as well as Washington Mutual bonds...What we found were a few success in the corporate bonds but in their private wrapped mortgage bonds we found the gems....Basically the "Big Short" post mortem.....Those bonds that hadn't defaulted away were at pennies on the $$ and still paying!!!!.....Was a huge trade for distressed players involved.....
Man there are so many one offs as well and I'm just rambling here....My wife wants me to write a detailed book at some point.....Let's see what other credits....
Arch Communications (sports and logos always a bad sign)
Globalstar....3 times and still involved
Primus
Exodus
Kmart
Sears
Levitz
RCN
Lucent
Airline Muni bonds post 9/11
ALGX
Mirant
Calpine 2 times
United Air
Bank of New England
Six Flags
GM
Pilgrims Pride...bonds went from $5 to $103+ and never filed BK
There are so many other stories but probably not the best venue for disclosure...
Have a few other homerun situations that have resulted from being in the chair I am and have been very fortunate.....I won't be sitting in this chair much longer to be honest, tired of the business and regulations are never going to stop....This thread is really really good and while I am still learning the technical trade I have thoroughly enjoyed it....And will be using it even more when I parachute......
I really could write a ton more about crazy characters and situations, fights at dinners in NYC between competing trading desks, and brown paper bags with $15k in it given to an influencer who assisted with some trades and all kinds of stuff and maybe one day this thread will get a first look at what I write.....
Till then hold onto your butts and be smart......It's not looking pretty from where I sit......
Bob Knights Liver said:
We really do need to have an 'Annual Stockholders Meeting' sometime. A Friday or Saturday afternoon for various short discussions and presentations about trading tips or strategies and trading stories followed by dinner and drinks. That would be so badass. Location in DFW, Houston, or Austin would be fine, but having it in BCS as an excuse to get back to the motherland would really be special.
📝 👀 RE the importance of OVN activity as MGI pic.twitter.com/0rMpLRdxtp
— Hek (OMNIJUICE) (@yodaflo) April 8, 2022
Agreed. Stock market meet up needs to happen. Phones in faraday bags (haha) and let Austin Ag go uncensored!$30,000 Millionaire said:
Austin is a baller.
McInnis 03 said:
Nice little tip here, been looking for summation of this concept and for some reason didn't click until I read this here this morning.....📝 👀 RE the importance of OVN activity as MGI pic.twitter.com/0rMpLRdxtp
— Hek (OMNIJUICE) (@yodaflo) April 8, 2022
ProgN said:Bob Knights Liver said:
We really do need to have an 'Annual Stockholders Meeting' sometime. A Friday or Saturday afternoon for various short discussions and presentations about trading tips or strategies and trading stories followed by dinner and drinks. That would be so badass. Location in DFW, Houston, or Austin would be fine, but having it in BCS as an excuse to get back to the motherland would really be special.
That sounds fun but 59 South has to be there. An Aggie using 'whilst' or getting into an argument while using the King's English would be worth the trip.