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Its the favorite word of the Reddit meme traders. They even have a forum called r/Superstonks.

Perfect timing. Good call. You were right on the money. I didn't start shorting until Tuesday night. If I did the math right the Fib retrace is about 13620 on the June NQ contract. That's still another 640 points down.

That is exactly when Icahn and Milken (as well as Drexel) started making their fortunes on the back of distressed properties. I believe Icahn started out by borrowing money from his brother-in-law and used that money to buy large stakes in distressed REITs. I think his first big win was at the...

AbbVie is probably the only company on the list that can be called a growth company the rest are stodgy companies. AT&T looked like a safe dividend company too, until it imploded from all the debt and terrible management. GE also was a safe dividend company until it imploded as well. The safest...

I think in Palo Alto the median is already over $2.5 million. Also the North Bay in Marin County is pretty close. The amazing part of the bay area is I used to work in some of the worst parts of the area in 1990s & early 2000s in cities like San Leandro & Hayward and even those properties which...

Imagine if Musk gets Trump unbanned, then we can get even more volatility in stocks.

I think this (PIPE) is what some of the SPACs I bought were involved in. I know Ackman tried this with his failed Universal Music Group buyout and IPO. I remember reading in The Predators' Ball that the Milken mafia definitely was involved in those shenanigans and they usually got the warrants...

I remember on r/WSB somewhere I read a post on the richest person in the world being African. Those guys are hilarious. I love their loss porn but some of those bets and parlays they make are unreal. They really are degenerate gamblers. I think there was a post yesterday about someone taking...

Makes sense since every JPM analyst I see on CNBC/Bloomberg is outright negative and certain this is just a bounce from a continuing bear market. Mike Wilson has been saying to sell for at least the last year. I think he said before that the bottom may be SPX 3000. Of course even the Wells...

Nobody ever wins against the Banks in the Manhattan district. Same reason Schumer always shills for the banks no matter how liberal he becomes. Its like Solomon Brothers scandal never existed. Hard to believe the Reagan administration took these scandals seriously but the Obama admin just let...

Here in California the taxes are absurdly high -- something like 40-50% so the mom & pop growers are SOL. The black market aka the local dealer is a lot cheaper from what I've heard. Unless the corrupt SF bay area politicians reduce their greed the pot business will continue to be run by the...

That 2000 year move was incredible. Looks like it went from 2.5 to 12. That must have made millions & billions for the commodity traders. Or bankruptcy for some.

Seems unlikely but I found a few days where the VIX dropped intraday close to 40%, of course thanks to JPow et al.: 3/23/2020 close 61.59 3/24/2020 intraday low 36.24 (closed at 61.67) So intraday a theoretical drop of 41.15%. If the pricing is accurate on this ETN it would have been down...

I'm pretty sure it goes like this: Hold --> Sell Buy --> Hold Strong Buy --> Buy There is no SELL since that means you just lost all future business from that company. I had a friend from college who worked at Robertson Stephens as a junior analyst and they were shorting the companies they...

Yeah the Fintech collapse did make these analysts look stupid. They especially loved crappy SPACs like SoFi and kept saying it was about to explode higher and it cratered into oblivion. I think analysts got the collapse of the WFH stocks right though. The best analyst is still TA and the 50-day...

Would a 50% drop in the VIX create havoc for the UVIX? Seems unlikely but if peace broke in Ukraine or if Putin died somehow it could happen.

Of course. Mostly mREITs & Pipeline trusts. They will crash when interest rates go up or when WTI tanks as it will eventually when a recession comes. I've owned these in the past. mREITs like AGNC are the worst. 11% dividend and its down 12% YTD. Not very good:

That's probably a safer way to make money and not lose money which is very important. The method I was trying to describe has short term momentum and sentiment to give you an edge. It doesn't always work. I bought MU calls near the open today and it went straight down so it has a lot more risk...

I use to just buy the recent direction via options but it only works if the IV is small relative to the change in price on earnings day. So it worked well with low volatility stocks but not high vol stocks. I think buying the direction of the increases/decrease after the the fact is a better...

Just another clueless academic. The Ivy League is full of these people. Remember LTCM and the can't miss strategy of reversion to the mean by the Options Pricing theorists?