la gente ésta muy loca wrote:
agip wrote:
aaaaaand I'm out of Uber.
in at 37.33
out at 39.56
26 shares, profit of around $50 after commissions. I rock.
Daddy gets a new pair of shoes.
Where are we going, Shake Shack or Bareburger ?
Definitely not shake shack heh I lost a bundle on that one once
agip wrote:
la gente ésta muy loca wrote:
Where are we going, Shake Shack or Bareburger ?
Definitely not shake shack heh I lost a bundle on that one once
Personally, if I were you, I would head down to Dos Caminos on 7th Ave and drink some Margaritas and make believe I was some place sunny and warm.
la gente ésta muy loca wrote:
agip wrote:
Definitely not shake shack heh I lost a bundle on that one once
Personally, if I were you, I would head down to Dos Caminos on 7th Ave and drink some Margaritas and make believe I was some place sunny and warm.
funny you say that. I've been avoiding cold rainy runs for all season but I bought a new lightweight running jacket and I'm going to try it out on my way home. I'll feel superior to humanity this way. I'll do the drinking at home.
Lightweight running jackets totally rock. I got one about many months ago and I wouldn't use anything else. I got the Brooks LSD Lite jacket - if you want to treat yourself to one luxury running item, this is it!
Speaking of meat, I took a look at those meatless meat companies since I saw Beyond Meat went public about a week ago. Stock seems to be doing okay. That could be a really good idea. I'd try it but checked the price and it is about twice the price of meat. I am going to keep an eye on the stock, though.
I love the shack in Madison Square Park. Every time I’ve been there I’ve had a great time. No I didn’t buy the stock!!
I will have to try Dos Caminos, thanks for the reco
seattle prattle wrote:
Speaking of meat, I took a look at those meatless meat companies since I saw Beyond Meat went public about a week ago. Stock seems to be doing okay. That could be a really good idea. I'd try it but checked the price and it is about twice the price of meat. I am going to keep an eye on the stock, though.
That stuff is not exactly healthy either. Lots of sodium, but zero cholesterol.
^Plenty of financial heartburn ahead, Beyond Logical:
https://www.nasdaq.com/markets/ipos/company/beyond-meat-inc-977310-88416?tab=financials
I guess it would have the benefit of no nitrates, and none of the environmental baggage that comes with feedlots and spoiling water ways. I wonder how it tastes.
As far as the stock, it is up 21% in less than two weeks. Compared to other recent IPOs, Uber could use a lyft like that. (... sorry about that one)
So here we stand Thursday morning, and the recent dip has nearly been corrected.
As I have said here for years, we are no longer in a market economy, but in a command-and-control economy—and like in the old USSR and elsewhere, you are either in the party, or you are not.
Like all such systems, this one will prove unsustainable at some point—but that point is IMO not anytime soon. Such economies can go for a long, long time, and the rich do just fine in such a system, as long as they either have int’l escape routes, or are part of a ruthless ruling elite, with connections.
I see this going for a good while yet. Count me in...comrades!
^”Back in the US, back in the USSR....boys you don’t know how lucky you are...”
Comforting to know, since that worked out so well. Now we can be assured of the re-election of Comrade Trump.
Maserati wrote:
So here we stand Thursday morning, and the recent dip has nearly been corrected.
As I have said here for years, we are no longer in a market economy, but in a command-and-control economy—and like in the old USSR and elsewhere, you are either in the party, or you are not.
Like all such systems, this one will prove unsustainable at some point—but that point is IMO not anytime soon. Such economies can go for a long, long time, and the rich do just fine in such a system, as long as they either have int’l escape routes, or are part of a ruthless ruling elite, with connections.
I see this going for a good while yet. Count me in...comrades!
I honestly have no idea what you are talking about or even hinting at. Can you let us in on it?
How many Sp500 CEOs would agree with you that we are no longer in a market economy?
seattle prattle wrote:
I guess it would have the benefit of no nitrates, and none of the environmental baggage that comes with feedlots and spoiling water ways. I wonder how it tastes.
As far as the stock, it is up 21% in less than two weeks. Compared to other recent IPOs, Uber could use a lyft like that. (... sorry about that one)
My friend, Beyond Meat was a great options play.... 3 weeks ago. That ship has sailed and not even day traders are talking about it anymore.
Maserati wrote:
So here we stand Thursday morning, and the recent dip has nearly been corrected.
As I have said here for years, we are no longer in a market economy, but in a command-and-control economy—and like in the old USSR and elsewhere, you are either in the party, or you are not.
Like all such systems, this one will prove unsustainable at some point—but that point is IMO not anytime soon. Such economies can go for a long, long time, and the rich do just fine in such a system, as long as they either have int’l escape routes, or are part of a ruthless ruling elite, with connections.
I see this going for a good while yet. Count me in...comrades!
I don't care if it's all fake and propped up as long as it keeps going up tbh. In fact, if they could just go ahead and make red days illegal then that'd be even better.
Trump neither started it, nor will he finish it.
CEO’s? I was talking about the equities, derivatives, currencies, and to some extent bond markets—therefore, at least banking CEO’s for now.
You don’t need to understand in detail, there is no specific advantage to be had at what I assume to be your level of power and influence. That is no insult, I am in the same position, but somewhat by choice.
You will (and will have done) do better in the markets than out of them is all you need to know, regardless of what Igy says—and even he is big on bonds, I think.
Also GOOG and FB, MSFT, and others.
Maserati wrote:
Trump neither started it, nor will he finish it.
CEO’s? I was talking about the equities, derivatives, currencies, and to some extent bond markets—therefore, at least banking CEO’s for now.
You don’t need to understand in detail, there is no specific advantage to be had at what I assume to be your level of power and influence. That is no insult, I am in the same position, but somewhat by choice.
You will (and will have done) do better in the markets than out of them is all you need to know, regardless of what Igy says—and even he is big on bonds, I think.
Ok so you don't mean the economy, you mean the financial markets.
Interesting article about stock buybacks :
Basically says that China has incredible GDP growth and the US is stuck at 2%, but US equities returns over the past 10 years have been double that of China's equities returns. One explanation could be because US companies are buying back stock at unprecedented rates to pump their books and reward investors instead of actually investing in the business and contribution to the overall economy.
In theory, I have a problem with that. In practice, I'm signing up to be on the winning team by buying into the market even more.
Racket wrote:
Interesting article about stock buybacks :
https://www.wsj.com/articles/a-surprising-connection-between-the-bull-market-and-stock-buybacks-11554689160?mod=article_inlineBasically says that China has incredible GDP growth and the US is stuck at 2%, but US equities returns over the past 10 years have been double that of China's equities returns. One explanation could be because US companies are buying back stock at unprecedented rates to pump their books and reward investors instead of actually investing in the business and contribution to the overall economy.
In theory, I have a problem with that. In practice, I'm signing up to be on the winning team by buying into the market even more.
Can't read it, paywalled, but I'm interested in the end game here. Will public companies eventually retire ALL their public stock and go private? Will that juice the stock of remaining companies? Same amount of dollars chasing fewer and fewer shares? It will be hard to get people to stop buying shares.
I suppose the contrapoint will be that at some point companies will come back to the public markets because valuations will be so high. Because of huge demand by the public for shares.
So a private company could borrow capital at 5%...or they can sell shares at a 25x PE multiple. Some will choose the multiple anyway.
And a few new $75 billion dollar companies coming to makret like Uber and Lyft will soak up a lot of investors' dollars.
Racket wrote:
seattle prattle wrote:
I guess it would have the benefit of no nitrates, and none of the environmental baggage that comes with feedlots and spoiling water ways. I wonder how it tastes.
As far as the stock, it is up 21% in less than two weeks. Compared to other recent IPOs, Uber could use a lyft like that. (... sorry about that one)
My friend, Beyond Meat was a great options play.... 3 weeks ago. That ship has sailed and not even day traders are talking about it anymore.
Glad I didn't ready your post until just now because I bought some this morning (the stock, not the mystery meat), and when it started bouncing all over the board, sold it for a decent profit. Probably won't try that again because it just flops around with abandon, and boy is there ever some massive downside potential there!
seattle prattle wrote:
Racket wrote:
My friend, Beyond Meat was a great options play.... 3 weeks ago. That ship has sailed and not even day traders are talking about it anymore.
Glad I didn't ready your post until just now because I bought some this morning (the stock, not the mystery meat), and when it started bouncing all over the board, sold it for a decent profit. Probably won't try that again because it just flops around with abandon, and boy is there ever some massive downside potential there!
Good job, but I'm just saying it's not really a falling knife I'd want to try to catch right now.
Finishing the week with a solid gain from trading ZS futures. That's right, soybeans. Now I'm feeling like a commodity king.