The Super Terrific Happy Hour

[beerntrading]

Yup and IMO the chance of nuclear war is no different from what it was during the drop last week. The rational investor is a theoretical creature that does not exist.

Buying calls during the threat of nuclear war is not a bad plan at all. If there is nuclear war, you're out a fraction of your losses on the investment side of things. If there isn't a nuclear war (and history is on your side with this), you get to reap the rebound.

To the extent that we believe nuclear war will destroy financial institutions, whether my positions are worth $1bn or $1,000 is a moot point when the dollar is worthless. But the rebound is all but certain if we're not all dead or dying.

 

[baggerlord]

https://www.wsj.com/articles/north-korea-backs-off-guam-missile-attack-threat-1502751054

Maybe Kim Jong is daytrading, and making these announcements to move the markets.

 

[baggerlord]

I really want to take profit on GOLD and get short a retail stock or two, but to be honest my account is maxed out in winning positions right now. Every time I close trades in that situation to take on new ones, I end up regretting it. If you guys are looking for trade ideas today, I would watch retail close for shorts today.

 

[vanzandt]

https://www.wsj.com/articles/north-korea-backs-off-guam-missile-attack-threat-1502751054

Maybe Kim Jong is daytrading, and making these announcements to move the markets.

I think you're more right than you know. Not Kim himself, but certainly his proxies elsewhere. There is no doubt in my mind.... its too easy. Why wouldn't they? Think about it.

 

[baggerlord]

I think you're more right than you know. Not Kim himself, but certainly his proxies elsewhere. There is no doubt in my mind.... its too easy. Why wouldn't they? Think about it.

Yeah I was only half joking. But the crude trading leading up to the Syria strike in April is the most blatant defense insider trading I've ever seen. I wish they would follow the money there.

 

[Max E.]

Snoozer today guys, nothing for me so far, just watching, probably a whole new round of people short DRYS' could cause a bunch more pain if it gets back up over 4 bucks, sitting on some TEVA 18 dollar calls that expire friday.

Was thinking about buying the MDXG break out at 16.30 but passed on it.

 

[Max E.]

I really want to take profit on GOLD and get short a retail stock or two, but to be honest my account is maxed out in winning positions right now. Every time I close trades in that situation to take on new ones, I end up regretting it. If you guys are looking for trade ideas today, I would watch retail close for shorts today.

TGT puts going into earnings might be good tomorrow just about every retailer has whiffed on earnings so far it feels like.

 

[baggerlord]

Retail looks ready to drop through to multi year lows...sucks to id something good and not participate. I've been watching this one for a few days too before i posted it here. Thats the problem with being a small fry trader, I get in to a couple good positions and can't take the new ones that come along. I close out some SQ yesterday because it is looking kind of weak, and replaced it with long TER to keep some long tech exposure, should have been in semis for a while now anyways.

 

[Max E.]

Early on im long some "A" looks like a textbook breakout on earnings, also got some MYL long from .09.

I got overzealous on A and paid through the spread not smart, im going to take a bath here probably but its small so far only 300 shares, but im pretty confident in MYL that things going up almost guaranteed.

 

[Max E.]

Just bought some URBN