***Official*** 2018 Stock Market Thread

[KB]

Trump Announcement on Tariffs at 3:30pm. Place your bets! Market up big or down big

https://seekingalpha.com/news/3337661-trump-tariff-announcement-set-3-30-p-m

 

[dasherHampton]

Crap. So I didn't just dream all of that?

I'm standing pat (not that I have much of a choice).

 

[dasherHampton]

I think I'm going to dump SNAP.

I bought in around $15.

 

[AznAnarchy99]

I think I'm going to dump SNAP.

I bought in around $15.

I would. I don't see them turning around anytime soon.

 

[dasherHampton]

Yeah, I've kind of lost my hope for them for now. If it drops below $12 again I'll revisit.

It wasn't a bad gamble. You never know what motivates the youngsters nowadays.

 

[FelixDeCat]

Snap is going BR one day.

Sell.

Now.

 

[dasherHampton]

Already gone. lol

 

[DietDrThunder]

Back to the topic of proxies, there is a reason to vote, and your vote does count.

Disney Shareholders Won't Endorse CEO Compensation Plans

The Wall Street JournalMarch 8, 2018
In a rare rebuke of Walt Disney leadership, shareholders voted down a nonbinding endorsement of Robert Iger’s compensation plans, which could balloon well over $100 million under a recent contract extension...

https://www.wsj.com/articles/disney...tion-plans-1520533052?mod=yahoo_hs&yptr=yahoo.

 

[AznAnarchy99]

My ATVI doing really well today after the announcement of the new Call of Duty,.

 

[DietDrThunder]

My ATVI doing really well today after the announcement of the new Call of Duty,.

ATVI is on my potential buy list, but I'm struggling to pull the trigger when it is at or near it's 52 week high. When did you buy it?

 

[AznAnarchy99]

ATVI is on my potential buy list, but I'm struggling to pull the trigger when it is at or near it's 52 week high. When did you buy it?

I bought it back at the end of December for $65 a share. It's been on a steady rise ever since besides the Feb 9th dip. I wish I bought more that day.

 

[FelixDeCat]

Back to the topic of proxies, there is a reason to vote, and your vote does count.

Disney Shareholders Won't Endorse CEO Compensation Plans

The Wall Street JournalMarch 8, 2018
In a rare rebuke of Walt Disney leadership, shareholders voted down a nonbinding endorsement of Robert Iger’s compensation plans, which could balloon well over $100 million under a recent contract extension...

lol.....here is the story without the paywall from WSJ:

https://www.marketwatch.com/story/disney-shareholders-reject-ceo-igers-pay-package-2018-03-08

Mr. Iger was the S&P 500's fifth-highest paid CEO, according to an analysis published by The Wall Street Journal last year, before his new contract was signed. His total compensation in fiscal 2017, after the Journal's analysis, was valued at $36.3 million, down from $43.9 million in fiscal 2016.

Last year he was paid the equivalent of $17,500 PER HOUR.

Shareholders said "fuck no" to the new compensation plan of $48,076 PER HOUR.

 

[KB]

lol.....here is the story without the paywall from WSJ:

https://www.marketwatch.com/story/disney-shareholders-reject-ceo-igers-pay-package-2018-03-08



Last year he was paid the equivalent of $17,500 PER HOUR.

Shareholders said "fuck no" to the new compensation plan of $48,076 PER HOUR.

Good! Disney stock hasn't risen in two years, in fact its still down 10% from 2015. Shareholders get nothing and he wants a 200% raise?

 

[dasherHampton]

Alright, boys: pick your horse and ride 'em to victory. I'm sensing a pretty decent day here.

TECD is up premarket. I'm definitely keeping my eye on that pony.

 

[dasherHampton]

Keeping an eye on OLED sure paid off today.

 

[dasherHampton]

I'm up over 3% in less than 2 hours. I hope everyone who strokes the market is in on this.

 

[DietDrThunder]

Great day for sure.

 

[FIVR]

Closed my 4/20 $40 IIVI calls for a paltry 60% return and opened some June 15 $350 TSLA calls. Might be a bad trade because those IIVI calls could be moon bound but I did it.

 

[dasherHampton]

I've never owned TSLA but I have to figure 6/15 TSLA at $350 was pretty lucrative.

 

[dasherHampton]

I'm busting at the seams right now. Basically stuck to my monitor.

If something causes a massive sell off and I'm not there to participate I'm going bankrupt. But that won't happen.

 

[dasherHampton]

Flushed OLED and TECD.

Going to guess they won't go that much higher today. That releases a little steam.

 

[woodman1999]

Dive MU! Dive!

 

[FIVR]

I was thinking about buying $50 puts on MU but I am trying to swear of shorting things in a bull market. Last time the only thing that saved me from -30% returns on my short position was Trump's tariff speech. I can't rely on that idiot to crash the market every day.

 

[dasherHampton]

I think MU puts are pretty safe.

 

[dasherHampton]

OK, I'm done for the day. I'm tired.

What a fat day. I hope everybody did well.