You went long 2425 puts? lol what did you pay for those? Thats really low odds IMO.
The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
You went long 2425 puts? lol what did you pay for those? Thats really low odds IMO.
Vape is the future.Only thing you got to worry about is if these emo pussies with the vape pens become popular....(In other words nothing to worry about)
Into SQ at 26.27 with 26.23 stop
I went short the Aug 2, long Aug 4. .90 debit...I think
LOL actually truth be told its saving my lungs, i was a pack and a half day smoker, down to a half a pack a day now, but im not doing it to be cool, im doing it cause im a degenerate addict.
Too tight...back in with 26.21 stop
Another reason I own big tobacco. Ever seen someone try to quit?LOL actually truth be told its saving my lungs, i was a pack and a half day smoker, down to a half a pack a day now, but im not doing it to be cool, im doing it cause im a degenerate addict.
That's the brilliance of vape--making money off of quitters. You get them off their cigs, and move to something with an even higher profit margin and even more brand loyalty potential!
Max loss on the fully developped position is $360--BUT that assumes the VIX goes to 0.
If it goes to 15 tomorrow and 2450, it's like a $1400 gain. If it goes to 2425, it's something insane like $25k.
If we see 2490, it's about a $800 gain.
What is it you like so much about SQ if you dont mind me asking? you probably have alot more in depth knowledge than i would on something like that. I just dont see that, but im curious the thought process.
We are in very precarious times.
The only thing keeping these markets up are the central banks worldwide buying equities and injecting funny money into the system.
Its all a big facade.
10 years into a "recovery"?! Yeah right. Where's the GDP growth? Isn't that how its supposed to work? Well its not working.
And then we have this nut case in K Korea hellbent on a nuclear equipped ICBM who's not going to stop until he gets one. And there's no way we can let him get one.
Yesterday speaks volumes.
Anyone who doesn't think this market is on hair trigger to the downside is nuts.
One good "boo" and watch what happens when all the algy's pull their bids.
Whats the old saying?
"Stair-step up, elevator down"
This time around its been elevator up which can only mean one thing....
Out the window down.
The only thing keeping these markets up are the central banks worldwide buying equities and injecting funny money into the system.
Its all a big facade.
10 years into a "recovery"?! Yeah right. Where's the GDP growth? Isn't that how its supposed to work? Well its not working.
And then we have this nut case in K Korea hellbent on a nuclear equipped ICBM who's not going to stop until he gets one. And there's no way we can let him get one.
Yesterday speaks volumes.
Anyone who doesn't think this market is on hair trigger to the downside is nuts.
One good "boo" and watch what happens when all the algy's pull their bids.
Whats the old saying?
"Stair-step up, elevator down"
This time around its been elevator up which can only mean one thing....
Out the window down.
Well, at the moment I have a combo position that gives about 1:1 price exposure. This is ultimately an investment play.
The activity the last two days has just been making up lost ground (I literally bought back my $23 short puts yesterday and sold $27 while we were about $27.50).
I like it because it's a great company, with a great product, competently managed, and with nearly unlimited growth potential. AMZN is crushing big retail which is opening up all kinds of opportunities for mom and pop shops which is the SQ target market. Retail leaves real estate open and cheap, low end shops can open up with an iPad and a free Square to run their cards (and now without the competition from the big boys). Never mind what this will do to the world when FB provides internet to half a billion people without connectivity now. Currently almost no international exposure here.
The timing is because of the earnings release next week. I think Analysts have missed this, the growth I've seen in the use of this is amazing. And even outside the urban areas I'm familiar with. I had never seen it used in rural NC where I vacationed last week, but this year more restaurants used it than not. They're currently toeing the line of profitability (with otherwise GREAT fundamentals), and I think this might be the one that pushes them over. $33 by the end off next week won't surprise me.
If earnings growth holds, a forward P/E of 25 puts this at $75 by the end of 2018. If these wizards grow it faster, the sky is the limit. They've only tapped about 5-10% of the US market, and none of the international. And this will be at the vanguard of recovery after the next crash.
I was just telling Zany last week that it pushed MO aside as my favorite investment pick. Today changed that back, but this one's a keeper.
I agree with that--somewhere today I said the next one would be the big one...I think in here, but that's a lot to search