Stock Market/Investing/Day Trading/Speculative Trading Thread

[Toe]

Freakout's over.

 

[Faux Sean Callahan]

Freakout's over.

Famous last words

 

[HuskerGarrett]

x.com

x.com

@HuskerGarrett anyway we can get tweets embed again

Are they still not working? I installed the updated media addon today

Test:

 

[Faux Sean Callahan]

 

[Toe]

Mild inflation reading offers Fed a 'green light' to cut rates in September

Another mild inflation reading released Wednesday removes one of the last hurdles the Federal Reserve needed to clear before cutting rates in September.

finance.yahoo.com

 

[HughJanus]

Stock hit $19 today... Missed out on a number in the mid six figures. Guh.

Update: would now have been $1.2 million

 

[Jim14510]

Update: would now have been $1.2 million

I bought a few hundred $ at $18. You had 30k shares?

 

[HughJanus]

I bought a few hundred $ at $18. You had 30k shares?

No I had a couple thousand shares in my 401k which is bad enough. Planned on holding for a a long time but outsmarted myself trying to be mr stock trader. Bought them all the way down from $5-$2.

But I noticed in March or April the ask on the few January $10 calls I had been holding since December were .10 per contact ($10 each). The stock was beaten down primarily bc of dilution to raise money to finish building their sats. I knew their launch, FCC approval, and partnership announcements were all coming before January. The stock has previously spiked quickly on good news so I figured any one of those could create a quick IV spike that I could cash in on if I could scalp them cheap.

Was able to accumulate 300 $10 contacts between .05 and .15. I also had 100 January $20 calls that I think I mostly got for .01 or maybe it was .05 idk.

Those 300 $10 calls that I bought for like $5k on are now worth $850k. That did most of the heavy lifting.

Edit: not 401k, IRA that was an old 401k I rolled over.

 

[iruletheskool]

No I had a couple thousand shares in my 401k which is bad enough. Planned on holding for a a long time but outsmarted myself trying to be mr stock trader. Bought them all the way down from $5-$2.

But I noticed in March or April the ask on the few January $10 calls I had been holding since December were .10 per contact ($10 each). The stock was beaten down primarily bc of dilution to raise money to finish building their sats. I knew their launch, FCC approval, and partnership announcements were all coming before January. The stock has previously spiked quickly on good news so I figured any one of those could create a quick IV spike that I could cash in on if I could scalp them cheap.

Was able to accumulate 300 $10 contacts between .05 and .15. I also had 100 January $20 calls that I think I mostly got for .01 or maybe it was .05 idk.

Those 300 $10 calls that I bought for like $5k on are now worth $850k. That did most of the heavy lifting.

Edit: not 401k, IRA that was an old 401k I rolled over.

Now you'll try to make it up on the next one and loose

 

[BingoDingo]

We just moving sideways the rest of the year?

 

[Toe]

About as close to a confirmation as you're gonna get...

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool. The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority" of policymakers...

finance.yahoo.com