Stock Market/Investing/Day Trading/Speculative Trading Thread

[RedSavage]

Boys, I'm telling you...

GUSH has been my play

 

[Faux Sean Callahan]

Boys, I'm telling you...

I have done nicely on $XOM calls. I have tripled and rolled up twice so far. Going for a 3rd.

 

[Toe]

GUSH has been my play

I've thought about getting in on that as well. 3x for pretty much any commodity is nuts (a bunch of ETPs like that failed during the covid crash), but I might be able to stomach 2x. But I feel like at this point, I've probably missed the boat for getting in on that, like I'd be buying near the top if I bought right now.

 

[RedSavage]

I've thought about getting in on that as well. 3x for pretty much any commodity is nuts (a bunch of ETPs like that failed during the covid crash), but I might be able to stomach 2x. But I feel like at this point, I've probably missed the boat for getting in on that, like I'd be buying near the top if I bought right now.

I got in closer to $110. I think it’ll keep going for awhile yet, personally, as oil hasn’t peaked. That said, when it does drop, it’ll drop quick and may present another good buying opportunity.

 

[God is a Husker]

 

[Toe]

I got in closer to $110. I think it’ll keep going for awhile yet, personally, as oil hasn’t peaked. That said, when it does drop, it’ll drop quick and may present another good buying opportunity.

Heh, looking at GUSH's history illustrates what leveraged commodities are like in the long-term. In recent history, it appears to be booming - up from 53 to 137! But then you look back a little farther and see that at the end of 2019, it was ten times that. And then you zoom out some more and see that when it was launched in 2015, it was eighty thousand. 😂

 

[Faux Sean Callahan]

I've thought about getting in on that as well. 3x for pretty much any commodity is nuts (a bunch of ETPs like that failed during the covid crash), but I might be able to stomach 2x. But I feel like at this point, I've probably missed the boat for getting in on that, like I'd be buying near the top if I bought right now.

One of my holdings is TQQQ. Sold down to my cost basis summer of 2020. So now I just don't really look at it because I figure I have a long runway for that money and it is basically all profits now.

 

[Toe]

@Faux Sean Callahan Oh sure, buy & hold LETFs are more my game, I'm not playing stock picker/day trader here.

 

[Faux Sean Callahan]

 

[Jim14510]

Based on what?


Edit Making them get franchise dealers. Manufacturer can't sell directly.

 

[hannadiem]

just new to crypto and use some mobile apps to earn. is that way safe?

 

[Toe]

Based on what?


Edit Making them get franchise dealers. Manufacturer can't sell directly.

This shit's been going on for pretty much as long as Tesla has been around. The traditional dealers do NOT like Tesla's 'we own the whole sales & service system' approach, and have lobbied hard to get it banned anywhere they can, usually by framing it as a consumer protection thing (BS).

 

[Toe]

just new to crypto and use some mobile apps to earn. is that way safe?

Why hello there, random crypto bot!

 

[Jim14510]

just new to crypto and use some mobile apps to earn. is that way safe?

Its fine. What are you going to sell us now?

 

[Jim14510]

This shit's been going on for pretty much as long as Tesla has been around. The traditional dealers do NOT like Tesla's 'we own the whole sales & service system' approach, and have lobbied hard to get it banned anywhere they can, usually by framing it as a consumer protection thing (BS).

Was actually disguised as protection for franchises against the manufacturers. Which in the case of most manufacturers that would make sense. Of course as you said its really them making the play against Tesla.

 

[RedSavage]

just new to crypto and use some mobile apps to earn. is that way safe?

 

[God is a Husker]

Based on what?


Edit Making them get franchise dealers. Manufacturer can't sell directly.

This shit's been going on for pretty much as long as Tesla has been around. The traditional dealers do NOT like Tesla's 'we own the whole sales & service system' approach, and have lobbied hard to get it banned anywhere they can, usually by framing it as a consumer protection thing (BS).

I don’t understand how this doesn’t violate the Dormant Commerce Clause, Tesla has enough money to pay big law to take this thing through the courts.

(would also probably be worth it economically for them to do it too)

 

[God is a Husker]

Let’s all take a minute to laugh at Europe

 

[Faux Sean Callahan]

Let’s all take a minute to laugh at Europe

Holy fuck

 

[God is a Husker]

Holy fuck

Would be a real shame if a cold snap hit Europe right now… a real shame, wouldn’t make me smile at all…