$30,000 Millionaire said:

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went ahead and sold at 0.65

2.5X

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BREwmaster said:

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no, no, no I don't. horrible things are happening there. Regardless of what you think of the Chinese, their people deserve better. Everyone here say a prayer for them.

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Bob Knights Liver said:

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$30,000 Millionaire said:

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went ahead and sold at 0.65

2.5X

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Good play. I ended up about 2.1x on the 443s. Pretty small portion size, but it did help add to a small green trading day.

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BaylorSpineGuy said:

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Would any Dallas area people have an interest to meet once a month on a Friday afternoon or something like that to get together? We have some friends that own a cool restaurant over in old Grand Prairie. Place is called Firehouse Gastro Park and Bistro.

They host live music, etc., on Fridays. They do a karaoke thing on Thursday's. They have really good food and great mixed drinks with a decent assortment of craft beers too.

Just a thought….once boards wrap up, I'd be all in.

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spud1910 said:

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BaylorSpineGuy said:

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Would any Dallas area people have an interest to meet once a month on a Friday afternoon or something like that to get together? We have some friends that own a cool restaurant over in old Grand Prairie. Place is called Firehouse Gastro Park and Bistro.

They host live music, etc., on Fridays. They do a karaoke thing on Thursday's. They have really good food and great mixed drinks with a decent assortment of craft beers too.

Just a thought….once boards wrap up, I'd be all in.

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I don't live in Dallas, but my wife and I have a place on Greenville Ave. that she uses for work. I could make the occasional one if it happens.

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Aggiesincebirth said:

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What is the correlation between credit card debt and rates? Like if you are delinquent, I see normal like 14-25% late fees. So if rates go up do they start adjusting those higher I assume?

I was talking with a CFO of a small bank over the weekend and we agree that under the surface it's really not good. We don't know if it's student loan debt or credit card debt or mortgage debt that is going to get us next.

I was quoted a 3.875% 30 year with Cornerstone in late February the last week. He got quoted last week at 4.9% and I have heard people getting as high as 5.5-6%. That's in a period of a month. Young people and most people for that sake, have never seen a rising rate environment. Lot of young people I know (even finance and business majors) saying they will now wait to buy a house in Houston until rates go back down. I told them they may never buy a house. 5% isn't terrible historicaly, but when one guy gets 2.5% a year ago and now you are paying 5%, you feel like there is no way you should be paying double.

I'm talking purely from a mentality standpoint it is going to and already is mind ficking younger generations.

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BaylorSpineGuy said:

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All true but my guess is if they balk on raising rates in May/June, they will lose further credibility. Moreover, I think they will have to follow through. In all of history, inflation has only been brought under control with rate hikes. I'm not sure if the threat of raising rates achieves the same it doesn't affect the primary money supply, etc.

Will wait for AustinAg to give us the real opinion once he sobers up. :-)

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Here’s Magic Johnson telling a story of how Phil Knight offered stock option instead of upfront money and how it was the biggest mistake of his career #WinningTime

(Via @BeanzGotGamez) pic.twitter.com/6fLNdLfAv1

— Piñata Farms 🪅 (@pinatafarms) April 11, 2022

BaylorSpineGuy said:

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This is what I was getting at with my post at the close….the main reason I'm sitting it out.

As to earnings week…..what r thoughts about JPM? There are gaps all the way down to $100 (between $100-110). Is it time to short the banks? They had a more modest rally over the past month while other equities soared.

I've been burned a couple times on earnings reports, but it sure seems if we're gonna get a big rally in equities then we're gonna need healthy banks and my suspicion is they're not healthy.

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jwhitlock3 said:

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I wish there was a way to play extended hours with options, would make it much easier. I would have bought itm puts with that loss of 4415.

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tlepoC said:

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Will buy more at 1.35

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jwhitlock3 said:

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jwhitlock3 said:

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I wish there was a way to play extended hours with options, would make it much easier. I would have bought itm puts with that loss of 4415.

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This is when it would be nice to trade options after hours. Alert just triggered that futures are heading into 4390 zone where I would target to pull some off from the loss of 4415.

This is also why I stopped holding overnight. In this market it kept making the move I expected and then reversing course before normal trading hours opened.

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