2
bangbus 2 points ago +2 / -0

You’ll need to double the $100 ten times. Only hope is extremely short duration options (probably will need to be SPY) that all go your way. Even if insider traded one option and knew something was imminent, you’d only at best make a 20x return on your $100 and have two grand. You have to double this thing a few times a week and YOLOing 0DTE options is the only way to pull that off at least when you are working with really small amounts. The statistical likelihood of hitting ten in a row is worse than winning power ball. Robinhood has had so many autists get scorched that they won’t even let you buy an option an hour before close on the expiration date. Good luck.

5
bangbus 5 points ago +5 / -0

I got lucky on CLOV calls and the fuckers on there made me exercise my options in order to sell. It wouldn’t let me sell. Then, they locked my fucking account for excessive day trading because I had to exercise in tranches because I just put some play money in there and didn’t have enough cash to exercise in one block and it would have taken five days to do a deposit. Fuck them.

1
bangbus 1 point ago +1 / -0

Yes, because they probably have a limited window where the electricity runs. Shit, one computer got hacked in the US almost two weeks ago and there’s still a massive furl shortage. If we had an absolutely disastrous calamity Venezuela would look like paradise compared to the US.

If you’re gambling on the US having that level of hyperinflation your best investment is non-perishable food, water, guns and ammo.

2
bangbus 2 points ago +2 / -0

Yes, I am. I’m so dumb I can’t believe I managed to dress myself for work today. Please send me your worthless fiat and I’ll sign you up for my newsletter.

4
bangbus 4 points ago +6 / -2

Ackshually, if the US had that level of hyperinflation there’s no way the power companies would be able to procure power sources or labor so the computers necessary to transfer crypto wouldn’t run and it’d be even more worthless than a paper dollar because you couldn’t burn it or wipe your ass with it.

1
bangbus 1 point ago +1 / -0

Nah, it’ll be higher than that, but the current market cap exceeds a lot of solid blue chip companies that generate absurd cash flow, which is completely insane.

1
bangbus 1 point ago +1 / -0

I’m not in crypto but when my buddy who dabbles in it and has made money told me Bitcoin crossed a trillion dollars of market cap last week I damned near chorted beer out my nose. You could own a lot of really top tier companies with a trillion dollars. If I had a trillion bucks I’d much rather own Exxon, Goldman and JPMorgan outright (less than a trillion aggregate market cap) than own all the bitcoin in circulation.

2
bangbus 2 points ago +2 / -0

Hell yeah, brother! I went balls deep on oil majors and refiners in October and November last year and I’m up close to 100%. My oil play also has about an 8.5% dividend yield as well. I’m convinced to a moral certainty that oil is gonna break 100/bbl again soon and that crack spreads at the refineries are gonna be off the charts by mid summer.

1
bangbus 1 point ago +1 / -0

The earnings report is highly relevant. First, it’s release opens the blackout window the employees are in. The guy who has 10,000 shares at $12 per share under the stock plan is definitely gonna sell. Second, and more important, the company has an opportunity once again to sell shares in a secondary offering. If they don’t sell at least a billion dollars worth of stock to improve the balance sheet they will be making one of the biggest corporate finance mistakes in history. Maybe those things won’t happen but I’d be surprised if they both don’t.

1
bangbus 1 point ago +1 / -0

It’s damned near as frothy as ‘99 IMHO. Just idiocy. But there has been ungodly liquidity since the 2010 re-inflation event and with the way they’re printing dollars now it’s likely to keep this bubble puffing up. It’s unreal.

3
bangbus 3 points ago +3 / -0

Long VLO, XOM and COP. Made thousands writing puts and calls on all oil stocks and XLE the past six months as well. Prices are getting to the point where I don’t want to be a buyer. The money was made in those a few months ago. Still upside, but much more limited. The dividend yields off the levels I bought at are fantastic and I’ll ride them for awhile for those dividends alone. Oil ain’t going away.

2
bangbus 2 points ago +2 / -0

Whatever you’re preparing for, if the worst case hits there ain’t gonna be a network to access to get to your crypto.

9
bangbus 9 points ago +9 / -0

Fuck me sideways. I can’t even get past the first sentence. Is Maxine Waters in charge of that committee? That dumbass said Frank Raines was an outstanding leader and that Fannie Mae was rock solid a year or two before it went completely tits up and her solution to high gas prices was to nationalize the fucking oil companies.

3
bangbus 3 points ago +3 / -0

I bought Vale outright at 12 and XOM at 38. I really believe in XOM roaring back and the dividend is too much to pass up.

6
bangbus 6 points ago +6 / -0

The reason Ford saw 2008 coming was because it is still controlled by the Ford Foundation which is run by the family. While they’ve destroyed the Lions, they knew damned well that if the company went bankrupt the family would have been completely boned in bankruptcy. A company with a controlling shareholder will typically exercise far more caution than these companies that are just held by Black Rock, Vanguard, etc. There’s literally no one running the ship at those places.

7
bangbus 7 points ago +7 / -0

Best investment I ever made was some Ford bonds the day GM went bankrupt. Got them for 16 or 18 cents on the dollar and the yield was seriously something like 40 or 45%. Held them until Ford called them at a premium in 2012 or 2013. With the call above par it was like 6x+ return plus 40 some percent income stream while I held.

1
bangbus 1 point ago +1 / -0

No shit. Look, I bought at 4.65 and sold 10 $4 puts and made some nice coin because I put in a limit order to sell at 15 after it kissed 20. But the number of morons who think that company has a bright future or will get bought at any level that preserves the equity is disheartening. If the government wasn’t completely debasing the dollar I would have pulled 80% of my cash out of the stock market because these levels of retardation typically portend a massive bear market.

3
bangbus 3 points ago +3 / -0

That’s it. The broker lends your securities. It’s fine because the commish is now zero but it would be nice if they at least paid you a vigorish when they lend them.

1
bangbus 1 point ago +1 / -0

For the love of God, dude, if the price stays high they will do a secondary offering by the time their annual earnings are released. The fiscal year just ended. This stock is gonna drill hard sooooo hard.

4
bangbus 4 points ago +4 / -0

No fucking way they're selling straight cash accounts without an order.

3
bangbus 3 points ago +3 / -0

One of the dips, which will be impossible to gauge at the time, will be what I would call "the reversion to the mean dip." Be careful.