Jamo as pitch man?
Some positive movement on RWT has been a good thing if you want to go dividend stocks, currently at over 14% but REITâs can be dicey.
Memory is a long-term play and not going down. DRAM is the average guys play into memory.
I sell PUTS on it every week and then sells calls on the shares I own. If I get assigned on my PUTS, I convert those to covered calls. I sold out of 600 shares about a month ago for a good return.
https://x.com/GrindeOptions/status/2075602798402773277?s=20
Korean memory SK Hynix started trading on NASDAQ today. I wouldnât buy it right now. Itâs up large. I like a more settled action play.
https://x.com/DavidKostinx/status/2075586242620879234?s=20
1 Like
Waiting for the ProShares inverse 2x lever on SK HynuxâŚ
1 Like
Sold a PUT today at the $118 strike. Expires on 7/24.
$112 premium collected. If the stock price falls to $118, I will either assume the shares or roll it out in time and down in price. Not sure yet. This is the 3rd PUT I have sold on SPCX. I dont think I will mind owning it at $110 and below if it falls that far.
Been waiting patiently, 4th of August should have some news that moves it one way or the other. When I go in it will be for the long haul so up or down isnât that big of a deal BUT I will still wait and see.
1 Like
Why not just wait until we see how the oil markets shake out? If we get true escalation here there is decent chance that things get completely insane in a way that risk assets will not like. And if we do see worst case scenarios in the oil markets I donât think we are that far out.
Because I think if push comes to shove they will cap oil prices on American oil. We were the largest producer in the world and second place isnât close, nothing happening in the SOH changes that.
Crude is up 29.37% but gas is up over 61%, enough is enough and it WILL hit the wall at some point.
Wonât matter in terms of equities. Or matter much. Itâs a global economy. Japan and Korea are royally â â â â â â in a worst case scenario. Contagion would likely be extreme.
Taiwan will be interesting. If TSM fabs canât keep running weâre â â â â â â . Would China supply their mortal enemy with oil from their SPR simply to keep the world economy afloat and therefore demand for their exports. That would be an ironic twist but certainly not an impossibility. Or maybe they make their move on the island in that scenario. Fascinating but potentially next month or so in front of us.
For sure. But that wall will be demand destruction. Ergo recession. Hopefully it gets figured out. Lodging is going to get slaughtered in the worst case scenarios.
1 Like
Fewer people sitting on the majority of the cash these days, that could be the plan.
I mostly just ruminate over it in terms of my business. Trying to figure out renovation budgets for the off season. Awesome summer so far but a slow down into August and September might have me downsizing my plans. Absolute worst case scenarios likely have me punting on it as itâs all aesthetics stuff to begin with.
1 Like
In an ongoing Stocktwits poll of more than 3,500 respondents, more than one-third said theyâre waiting for SPCX to fall below $80 before buying more. Another 28% said theyâd start buying below $100, and only 19% said theyâd be willing to add shares at the current price. A smaller group, around 15%, said theyâre not interested in buying more SPCX stock at any price.
I have zero clue where the stock is going in the short term. I also agree that over the extreme long term it does seem poised to be a massive company. Perhaps historically so. Iâm just saying there is a non zero chance that things get FUBAR for the global economy very soon here.
1 Like
Morgan Stanley et al are pumping it, really interesting to see who is where and why. I do want to see how first Q shakes out though.
Well, this is interesting⌠âThe first and largest early release is tied to the companyâs first earnings report on Aug. 4. A couple of days after the results, roughly 900 million shares will be freed up. To put that in perspective, that single batch is larger than the entire IPO .â
1 Like
Able to sell
Actually put up for sale
Are 2 different things
Of course some will cash some out, but no one I imagine is blowing out their full stash. So how much of the 900m shares will sell into the market?
100million? Maybe? Need a better educated estimateâŚ
1 Like
âMeta Platforms ultimately rewarded patient investors after its rocky debut, but the turnaround was far from immediate. In the months following its public listing, Meta came under renewed pressure after the lock-up period expired and insiders were free to sell.â
I said this about Meta on June 17âŚ" Look at Meta. It came out at $38 I believe and bottomed right away down to $18 and change. Today, $567 and change. I fully expect to be buying in sooner than later."
I think SPCX will reward over time as well but I am pushing back on when I enter.
Elon is a great storyteller. He will get everybody all lathered up on the moon shots. I just think if the economy is in the toilet it wonât matter in the near term. And Iâm not guaranteeing that by any means. The summer demand for us has been unreal. Rich people are flush as all hell. So the bifurcated economy K shaped economy could truck on for a good bit if we get the geopolitical BS behind us. The latter concerns me of course.
Hope this is okay to talk about. Trying to respect that line. Just feels to me like macro and how foreign affairs relates to them is a big part of everything at the moment.
1 Like