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Discussion ***Official*** 2021 Stock Market Thread

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ponyo said:
My wife buys some of her clothes from Costco. 🙂. We're not snobs.

Beef prices went crazy because of the covid and meat packing plants shutdown. But things are back to normal and beef prices are cheaper than ever. Prime brisket is like $2.49 /lb right now. I know my food prices because I grocery shop myself. I enjoy it.
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hmm. price for full packer prime brisket that I saw at Sam's club this past Saturday was $3.49. (I avoided Costco that day because...Costco is always madhouse, but this was SB weekend and also fake bullshit winter storm coming that everyone freaked out about for no reason--and Sam's was also insane).

Prices at Lidl are terrible, but in the 2+ years that store has been open here, their meat prices are generally pretty high (except for whole chickens)
 
FelixDeCat said:
You can dismiss inflation but ignore it at your peril.

I was reading that the massive rise in food prices are due to too much of the world's farmland being gobbled up by corporations, hedgefunds and billionaires who are taking farm subsidies while at the same time controlling supply to increase commodity prices.

Conspiracy theory? I can't say for certain.

But all this free money the government is printing is creating asset bubbles the world over.
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Of course we're going to eventually get inflation due to the printing press. But I'm not going to worry about it right now. There will be day of reckoning. But it's not now. I do manage my risk unlike all the stupid hedge funds who claim they do but leverage 10:1 like idiots chasing that return. For someone who trade so short-term, your focus is all wrong.
 
zinfamous said:
hmm. price for full packer prime brisket that I saw at Sam's club this past Saturday was $3.49. (I avoided Costco that day because...Costco is always madhouse, but this was SB weekend and also fake bullshit winter storm coming that everyone freaked out about for no reason--and Sam's was also insane).

Prices at Lidl are terrible, but in the 2+ years that store has been open here, their meat prices are generally pretty high (except for whole chickens)
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Prime packer at Sam's was like $2.69 /lb last week. I was there on Saturday and bought pack of flanken cut beef short ribs. Paid around $5.39/lb for the short ribs. I bought it because the marbling on the short ribs were fantastic. It was like high Prime/Wagyu level marbling and one of the better ones I've seen recently.

Prices are regional and can vary store to store. Low cost of living area FTW.
 
Aren't we pretty "dangerously" under-inflated as it is? No idea why people go screaming into their underwear about the terrifying inflation. It's not like anyone is, at all, concerned about or suggesting the near-mythical hyperinflation scenario.
 
Sold 200 shares of ROKU at $448.30 today. Still holding 400 shares. Earnings are next Thursday. I sold 8 $400 ROKU puts like 3 weeks ago and was assigned on 6 because ROKU closed below $400. But I wasn't worried because I knew ROKU would have its earnings run so I was hoping I would get assigned on the $400 puts I sold. ROKU broke its all time high this morning. Still haven't sold any covered calls but now thinking about it. About $36k return on ROKU in less than 2 weeks but won't be final until I lock it in. It's why I'm not always a fan of selling covered calls right away. Don't cap your gains with CC all the time. Let your stock run.
 
Sold 2 ROKU March 19 $520 covered calls for $20.50. Will watch and see how high ROKU runs before considering selling the final 2 covered calls. ROKU broke its 52 week high and all time high today after pulling back yesterday so it might run up to $500 before earnings. Who knows. I want to give myself some flexibility in case of further melt up. ROKU has tiny float so it can have breathtaking runs.
 
echo4747 said:
Ive noticed this as well.. Its tough watching the buying power of your savings deteriorate. Both precious metals and bitcoin scare me.. I-bond returns dont keep up with what I think true inflation rate is.
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Having a low rate mortgage helps tremendously in that regard. The way I see it is at any given point I can have that much in cash to the side, and lose almost nothing in terms of buying power (2.75% annually - who holds cash this long anyway). It helps me not FOMO back in to plays, because even if I'm missing something: the value I need to pay off on that isn't going anywhere since it is pegged to last year's dollars. So even if the dollars in my bank account continue to decline in purchasing power everywhere else - that's fine so long as I have a mortgage to pay off.
 
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long hold on MJ stocks? I'm into YOLO, TLRY, OGI. doing very very well so far. but you don't loose or make money till you sell.

I cut my O&G stuff in half, and put it into MJ and biotech.

i'm trying to learn how to better research, pick and diversify my portfolio. I am finally at a point in life where it has real money in it.
 
The BLS has some fun inflation graphs to click through. Here are some of the more simple ones:
www.bls.gov

12-month percentage change, Consumer Price Index, selected categories

www.bls.gov www.bls.gov
www.bls.gov

Consumer Price Index: 2020 in review : The Economics Daily : U.S. Bureau of Labor Statistics

www.bls.gov www.bls.gov

Click the dropdown list to change the graph type, and each graph may have dozens of inner graphs if you click around enough. Basically, it is beef that has gone up the most in the last 20 years. In the last year, it was used vehicles that skyrocketed.

Other than a brief spike around 1990, inflation has been nearly non-existent for the last 40 years. Globalization (a spike in one item in one location means people can just buy elsewhere) and automation combined with lower interest rates (meaning supply can respond quickly to demand changes or other disruptions) really have been keeping inflation in check.
 
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Picked up some CARA (Cara Therapeutics) this morning and it's popped 4.5% so far. TRXC and AVGR are doing well too.

Everything else appears quite content to be shitting the bed.
 
Good to see XPEV pop a bit.

They weren't in trade down territory yet but it was starting to simmer. I already traded down from $45 to $40 on my puts. Every step down from here will probably cost me some $ so I'm not keen on it.

Timing it perfectly is the key.
 
herm0016 said:
long hold on MJ stocks? I'm into YOLO, TLRY, OGI. doing very very well so far. but you don't loose or make money till you sell.

I cut my O&G stuff in half, and put it into MJ and biotech.

i'm trying to learn how to better research, pick and diversify my portfolio. I am finally at a point in life where it has real money in it.
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No plans to sell my weed stocks anytime soon. I don't touch biotech. Way too unpredictable, and I have no edge.
 
Svnla said:
Remember that young guy that killed himself because he couldn't handle his risk taking so now his family is suing RH. This is why regular folks don't get nice things.

www.cnbc.com

Robinhood sued by family of 20-year-old trader who killed himself after believing he racked up huge losses

Robinhood's "reckless conduct directly and proximately caused the death of one of its victims," the complaint said.
www.cnbc.com www.cnbc.com

.
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I would sue too if I was his family. Robinhood gave him option level he shouldn't have received and improperly showed false position and balance info. It made him think he had huge negative balance and made him feel hopeless. And Robinhood no customer service made it impossible for him to contact a live broker. Robinhood will lose this case. They will settle before this goes to trial.
 
ponyo said:
I would sue too if I was his family. Robinhood gave him option level he shouldn't have received and improperly showed false position and balance info. It made him think he had huge negative balance and made him feel hopeless. And Robinhood no customer service made it impossible for him to contact a live broker. Robinhood will lose this case. They will settle before this goes to trial.
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"It made him"? Seriously? It (RH) made him to kill himself too? While I never used RH and not a fan of anything "free" to do my own finance matters, he played with fire and he got burned. He lost the money because he put too much risk/leverage on his account on his OWN free will. No one made him to do so, especially the part about killing himself. Period.
 
Svnla said:
"It made him"? Seriously? It (RH) made him to kill himself too? While I never used RH and not a fan of anything "free" to do my own finance matters, he played with fire and he got burned. He lost the money because he put too much risk/leverage on his account. No one made him to do so, especially the part about killing himself. Period.
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You know nothing. So stick to copying and pasting junk news feeds.
 
Svnla said:
So you can't debate with facts and logic, you pull the "you know nothing" attack and dismiss my source? LOL.
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Look you idiot. You know nothing about how options work. So how can you talk like you know anything about this case when you're completely ignorant about options and what happened with his Robinhood account? Your reply showed your ignorance. You don't know what you're talking about, so when you're in a hole, quit digging.
 
ponyo said:
Look you idiot. You know nothing about how options work. So how can you talk like you know anything about this case when you're completely ignorant about options and what happened with his Robinhood account? Your reply showed your ignorance. You don't know what you're talking about, so when you're in a hole, quit digging.
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Since you love to insult instead of debate. Answer this question which I asked already. It (RH) made him to kill himself too? Yes or No?

Let see who is the idiot that loves to blame everyone else for his own action on his own FREE will.

One more thing. And you know everything about his RH account since you claim that I don't? Uh huh. LOL x 1000000000000000.
 
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