That SAP description is funny and spot on. So was Mark Benioff.
Who we kicking dirt on next? IBM?
Who we kicking dirt on next? IBM?
Stock Markets
25,056,318 Views |
233821 Replies |
Last: 8 hrs ago by Ragoo
Speaking of season tickets that don't suck, let me know next time you're (or anyone else is) across the pond and we can catch a footy match (and a few pints) on yours truly!
IBM is interesting to me on many levels. They are actually extremely innovative but somehow they never become the leader in what they develop in spite of being the pioneer. AI is a fantastic example of where IBM did the hard work really before anyone else, yet they're going to get dusted by Google and Microsoft. I think this is because they have some good people but not as many good people as Google and Microsoft. Some of their business and employee decisions are really questionable. They make good software products that are somehow always second place. I think this is because they try to do too many things. I think they would be in a better position if they had better senior management. They remind me a lot of A&M. They do less with more.
IBM Consulting is another story. They have some good people but they're trying to be Andersen Consulting or McKinsey of the 1990s in the 2020s. They take themselves way too seriously and it's Gordon Gekko esque. I've got a buddy that's a senior partner there and when he pitches I tell him to leave the blow hard d bags at home. As a buyer / sponsor, one of the most annoying things is when you get this big wind up and hot air spew in a project review meeting. I sometimes ask to be spared the warm up and say I just want to get into the meat of what they want to talk about. They're somehow worse at this than the other firms. Probably because they're trying to be McKinsey.
They have really tight expense controls so I love to get entertained by them because you're making them sweat if you go to a nice place and order nice food. All that said, they're competent, they deliver, and it's a decent value for the money. You just have to put up with people that have a stick in their rears.
IBM Consulting is another story. They have some good people but they're trying to be Andersen Consulting or McKinsey of the 1990s in the 2020s. They take themselves way too seriously and it's Gordon Gekko esque. I've got a buddy that's a senior partner there and when he pitches I tell him to leave the blow hard d bags at home. As a buyer / sponsor, one of the most annoying things is when you get this big wind up and hot air spew in a project review meeting. I sometimes ask to be spared the warm up and say I just want to get into the meat of what they want to talk about. They're somehow worse at this than the other firms. Probably because they're trying to be McKinsey.
They have really tight expense controls so I love to get entertained by them because you're making them sweat if you go to a nice place and order nice food. All that said, they're competent, they deliver, and it's a decent value for the money. You just have to put up with people that have a stick in their rears.
Great seats.
59 South said:
Speaking of season tickets that don't suck, let me know next time you're (or anyone else is) across the pond and we can catch a footy match (and a few pints) on yours truly!
Awesome, which club is that?
Brentford, photo is of start of match last Sunday vs Man City. I definitely bought low when I became a Bees supporter a few years ago. They're the 2000s A's of English football. Data analytics ftw!
Love it! And envious, there's nothing like an English football match
No kidding, the neighbourhood atmosphere rivals north gate game days and I love it. Love to spread to fun to other yanks! Learn the lyrics to Hey Jude and Freed From Desire and you're set! Here is the celebration from late April winning goal (2 in last 10 minutes) vs Forest and also West Ham win. Come on you Bees! Wish I could post videos!
I have some AT&T stock that was passed down to me from my grandfather when he passed back in early 2019. At one point I had around $50k in stocks, and today it's only worth around $20k and keeps dropping.
With that said, I'm considering selling all of my shares and investing it in something else.
I'm not big into the stock market but invested $500 last summer into some crypto and it's worth about $1200 now. This was something just for fun and not something I plan on investing any more in.
Any recs or Mr. Pelosi advice would be appreciated.
With that said, I'm considering selling all of my shares and investing it in something else.
I'm not big into the stock market but invested $500 last summer into some crypto and it's worth about $1200 now. This was something just for fun and not something I plan on investing any more in.
Any recs or Mr. Pelosi advice would be appreciated.
AgsWin2011 said:
I have some AT&T stock that was passed down to me from my grandfather when he passed back in early 2019. At one point I had around $50k in stocks, and today it's only worth around $20k and keeps dropping.
With that said, I'm considering selling all of my shares and investing it in something else.
I'm not big into the stock market but invested $500 last summer into some crypto and it's worth about $1200 now. This was something just for fun and not something I plan on investing any more in.
Any recs or Mr. Pelosi advice would be appreciated.
WWR. Dump everything you have into it.
Just kidding.
I had CVNA tee'd up Friday and it didn't break. It's my #2 trade to watch, so everyone might as well capitalize. One caveat, I've now seen 4 professional traders tweeting pretty close to my marks. When I see multiple professional traders on a trade I've been waiting for, the initial influx of call volume will create a premium pump. If you are quick to enter and are within 10 cents of initial move then set a sell 50% ROI and enter it on up to half (or all), because the adjustment IV will retrace almost as quickly.
This also means don't chase entry above a certain level. In fact, often times the iniitial move is the only profitable on because of the flash fail possibility. You guys know that once a stock breaks a key resistance level it more often than not retraces back to test that resistance. This is either a loading zone oppty or becomes a trap. So I say that s part of trading and you enter but have a stop in if the stock makes a new intraday low. If it opened at VWAP and climbed to breakout then your stop becomes losing the opening mark.
Lastly, and you know what's coming, be on top of Model T and use it in making decisions on post breakout retrace entries. AND if it happens to coincide with the breakout level I would increase the sizing of your risk. That is a magical formula more times than not.
This also means don't chase entry above a certain level. In fact, often times the iniitial move is the only profitable on because of the flash fail possibility. You guys know that once a stock breaks a key resistance level it more often than not retraces back to test that resistance. This is either a loading zone oppty or becomes a trap. So I say that s part of trading and you enter but have a stop in if the stock makes a new intraday low. If it opened at VWAP and climbed to breakout then your stop becomes losing the opening mark.
Lastly, and you know what's coming, be on top of Model T and use it in making decisions on post breakout retrace entries. AND if it happens to coincide with the breakout level I would increase the sizing of your risk. That is a magical formula more times than not.
$CVNA #CVNA Approaching the S/R flip zone on the weekly chart from $19.50-$20.75.
— Jake Wujastyk (@Jake__Wujastyk) June 3, 2023
This was a big downside reversal area in late January.
A break & close above the top of this zone could trigger more huge upside. pic.twitter.com/YtT8kLugP8
BaylorSpineGuy
Joined:
Jun 26, 2021
Posts:
2,473
How long do you want to ignore this user?
CVNA is such a piece of junk, though.
carvana just offered an acquaintance $786 for a car that sold for about 5x that private party within hours. i like the concept but the model depends on people being very very lazy and very very uninformed instead of just being very lazy and very uninformed.
https://www.energy.gov/sites/default/files/2023-05/2023-critical-materials-assessment.pdf
Go to 3.2, which is the summary of the report on material outlook. Graphite supply is listed as critical both short term and long term.
If only there were a company able to produce metric tons of high grade graphite…
Go to 3.2, which is the summary of the report on material outlook. Graphite supply is listed as critical both short term and long term.
If only there were a company able to produce metric tons of high grade graphite…
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,212
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
oldarmy1 said:
https://www.energy.gov/sites/default/files/2023-05/2023-critical-materials-assessment.pdf
Go to 3.2, which is the summary of the report on material outlook. Graphite supply is listed as critical both short term and long term.
If only there were a company able to produce metric tons of high grade graphite…
Doesnt the DOE have funding available to support local production of these critical minerals? Seems like WWR would be a perfect candidate. Wonder what is holding them back to the point to needing outside financing rather than a government grant.
Couple things:
1) I believe markets are very extended. At least the generals and Nasdaq is. S&P is above +2, close to +3 on the cash index. RTY had a major move on Friday. Don't forget small caps will rally last. DJIA also had a big move but it is lagging the other 3, I think because energy and financials are bringing it down
2) Bonds are selling off. Interesting divergence. VIX is at -2. To me this is saying that nobody is expecting volatility.
3) I do not understand how the treasury auction is going to affect equity prices. Where is Austin Ag 90?!? I can't believe some of you guys ran him off.
4) I like how Gold looks for upside. Crude may be attempting to bottom.
5) seems like fintwit types are bullish whereas they were bearish at 4100.
6) my plan is to watch and trade individual setups. I think indexes will have a blow off top if they trade up but are more likely to chop. Rug pull is a possibility but I don't see anything that says we will have anything other than a mean reversion. I know that markets need to mean revert and therefore they will either correct via time or via price. If it's via time, we are going to see rotations until that happens. Emini S&P mean is 100 points lower….
1) I believe markets are very extended. At least the generals and Nasdaq is. S&P is above +2, close to +3 on the cash index. RTY had a major move on Friday. Don't forget small caps will rally last. DJIA also had a big move but it is lagging the other 3, I think because energy and financials are bringing it down
2) Bonds are selling off. Interesting divergence. VIX is at -2. To me this is saying that nobody is expecting volatility.
3) I do not understand how the treasury auction is going to affect equity prices. Where is Austin Ag 90?!? I can't believe some of you guys ran him off.
4) I like how Gold looks for upside. Crude may be attempting to bottom.
5) seems like fintwit types are bullish whereas they were bearish at 4100.
6) my plan is to watch and trade individual setups. I think indexes will have a blow off top if they trade up but are more likely to chop. Rug pull is a possibility but I don't see anything that says we will have anything other than a mean reversion. I know that markets need to mean revert and therefore they will either correct via time or via price. If it's via time, we are going to see rotations until that happens. Emini S&P mean is 100 points lower….
Also, for those that like to pay attention to candle formations, we printed a Hanging Man on the QQQ weekly. This also closed outside of the upper bollie, and is touching 3 ATR.
We've ran up 15% over the last 5-6 weeks without having more than a 2% pullback at a time. Would love to see some volatility spike and have a good, tradable pullback to the downside for more than a day, but my guess is we chop until the technicals reset for the next move.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
$30K - Regarding crude,....OPEC just confirmed your bottom.Quote:
Saudi to cut oil output in July, OPEC extends deal into 2024
By Maha El Dahan
, Alex Lawler
and Ahmad Ghaddar
June 4, 202312:12 PM CDTUpdated 30 min ago
VIENNA, June 4 (Reuters) - Saudi Arabia will make deep production cuts in July as part of a broader output-limiting OPEC+ deal as the group faces flagging oil prices and a looming supply glut.
Saudi Energy Minister Prince Abdulaziz said the cut of 1 million barrels per day (bpd) by Riyadh could be extended beyond July if needed. "This is a Saudi lollipop," he said.
OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, reached a deal on output policy after seven hours of talks and decided to reduce overall production targets from 2024 by a further total of 1.4 million barrels per day.
However, many of these reductions will not be real as the group lowered the targets for Russia, Nigeria and Angola to bring them into line with their actual current production levels.
By contrast, the United Arab Emirates was allowed to raise output.
OPEC+ pumps around 40% of the world's crude, meaning its policy decisions can have a major impact on oil prices.
OPEC+ already has in place a cut of 2 million bpd agreed last year and amounting to 2 percent of global demand.
In April, it also agreed a surprise voluntary cut of 1.6 million bpd that took effect in May until the end of 2023.
Saudi Arabia said on Sunday it would extend its portion of voluntary cuts of 0.5 million bpd into 2024. It was not clear if the July reduction of 1 million was on top of 0.5 million bpd or the latter would be included in the July reduction.
The April announcement helped to drive oil prices about $9 per barrel higher to above $87, but they swiftly retreated under pressure from concerns about global economic growth and demand. On Friday, international benchmark Brent settled at $76.
Western nations have accused OPEC of manipulating oil prices and undermining the global economy through high energy costs. The West has also accused OPEC of siding with Russia despite Western sanctions over Moscow's invasion of Ukraine.
In response, OPEC insiders have said the West's money-printing over the last decade has driven inflation and forced oil-producing nations to act to maintain the value of their main export.
Asian countries, such as China and India, have bought the greatest share of Russian oil exports and refused to join Western sanctions on Russia.
Reporting by Ahmad Ghaddar, Alex Lawler, Maha El Dahan and Julia Payne; Writing by Dmitry Zhdannikov; Editing by Barbara Lewis and David Holmes
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
Saudi Energy Minister... We'll balance the market 'whatever it takes'. I think that's a strong endorsement of U.S. energy producers..
Saudi is determined to drive out Crude Oil Futures manipulation. They'll get Brent to $90+ range in order to fund their economy and have some GDP "surplus" to grow their economy. They have some very ambitious economic developments already started. Saudi will not back off those projects.
Saudi is determined to drive out Crude Oil Futures manipulation. They'll get Brent to $90+ range in order to fund their economy and have some GDP "surplus" to grow their economy. They have some very ambitious economic developments already started. Saudi will not back off those projects.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
I don't see a recession..
Article links below regarding OPEC cut.
https://www.livemint.com/market/commodities/opec-reaches-agreement-to-extend-oil-output-cuts-into-2024-report-11685894147482.html
https://www.forexlive.com/news/saudi-arabia-to-make-1m-bpd-production-cut-others-to-extend-cuts-through-2024-20230604/
Article links below regarding OPEC cut.
https://www.livemint.com/market/commodities/opec-reaches-agreement-to-extend-oil-output-cuts-into-2024-report-11685894147482.html
https://www.forexlive.com/news/saudi-arabia-to-make-1m-bpd-production-cut-others-to-extend-cuts-through-2024-20230604/
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
To drive out the funny business in demand numbers I believe OPEC needs to create a short in the world supply market. Once the supply short is numerically confirmed OPEC can then regulate production as needed to control pricing. It's happening...funny number business is going to be taken to task and Saudi is taking control. As I mentioned before, Saudi has been speaking truth for many many months. They aren't messing around anymore.
I'm expecting a rapid swing this year in prices. The supply/demand dynamics simple wont allow crude to stay below mid 80's by this fall at a minimum and possibly in the 90's by year end.
Starting to buy NIO 2025 Call LEAPS this week. Add every $1.50 lower, if given oppty and sell those on reclaim of $8. I think we'll see sector rotation back into this area and NIO can see $15-17 by 1st quarter 2024.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
I agree with your price estimates. At least $90 by year end.Aglaw97 said:
I'm expecting a rapid swing this year in prices. The supply/demand dynamics simple wont allow crude to stay below mid 80's by this fall at a minimum and possibly in the 90's by year end.
If energy had been allowed to run in price in 2022, as it should have, the economy would have slowed on its own and Powell's rate hikes would have been entirely unnecessary. Moving forward,... Jotato will not release from the SPR, Saudi will take control of the crude market, prices will run and the economy will slow on its own. Real question will be, does Powell try to destroy the U.S. and other world economies with more rate hikes?
Via a vis Powell, that's an interesting question. If you simply looked at current economic data and unemployment, I could see them rationalizing another raise or two before the fall. If you take a longer term view and recognize that crude will rise, credit will tighten much more and CRE is going to drag the economy, then there are plenty of factors set to affect inflation without a hike. But what do I know. I was chastised for saying back in early 2022 that inflation was coming and would not be transitory.
Looking at the past year the OPEC "cuts" have done little to move prices higher long-term, not sure why this time will be different.
So are they cutting in '23 or '24? Most of what I read suggests they are cutting in '24, but a few countries are cutting this year (Russia, Saudi, and Angola)?
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
BaylorSpineGuy said:
So are they cutting in '23 or '24? Most of what I read suggests they are cutting in '24, but a few countries are cutting this year (Russia, Saudi, and Angola)?
- 2023 global production lowered by 1 mbpd in July via Saudis for one month (starts in July and maybe more months thereafter....keeps paper traders off-balance). Saudi said they would extend the voluntary cut if necessary.
- OPEC+ voluntary cuts extend through all of 2024
- Total cuts this year 3.66mbpd. Add in the Saudi voluntary cut of 1mbpd announcement and that's 4.66mbpd.
- If all 2023 voluntary cuts remain through 2024 (and not including the Saudi 1mbpd today) there is a 4mbpd, or more, shortage on the horizon.
If I can see this, so can everyone else penciling an S&D. This is why today's announcement is different then previous announced cuts, Saudi commitment to "balance the market", U.S. Big Oil weekly production dropping and rig counts declining, to answer Ag CPA's question above.
ETA: Biggest impact making this different from past cuts with no impact - this Administration can no longer artificially hold down the price of oil with Releases flooding the physical market from our SPR. If paper trader manipulators want to try and hold the price down, good luck, Saudi has the financial capacity to break those SOB's in the Futures markets. Saudi can buy paper, turn off the valve and then Serve Notice to take Delivery...Shorts will go bankrupt. I'd personally like to see that play out. He who sells what isn't hissin, either buys it in or goes to prison..
ETA2: When it gets terrible enough, just remember it will take a minimum of 6 months for U.S. Big Oil to crank production up. U.S. Big Oil will not crank it up until this Administration has left the White House as they are no friend to U.S. Big Oil.
$10 strike? Looks like it can be had for ~2.20
That's what I'm taking, although the $15's will pay as well.
all the more reason to scalp it$30,000 Millionaire said:
CVNA is such a piece of junk, though.
shares is what I'm suggesting. It makes crazy moves. MARA is interesting too, especially if markets do a crazy run up before next dump.
Last week of January on the weekly there was massive volume. Looks like almost 500M. Could be big money players loading up?
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,212
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
Awfully quiet this morning...
Featured Stories
See All
85:33
12h ago
4.4k
Texas A&M earns top-25 win over Creighton in Las Vegas, 77-73
by Luke Evangelist
7:22
16h ago
7.4k