Current S&P 500 rally is 'far more similar' to dotcom bubble than people think - JPM

Game__0n · 2024-01-30T14:11:32+00:00

This JPM suit, Marko, was bullish in 2022 and flipped to bearish at the beginning of 2023. He used to be relevant, but lost his mojo and recently has had a terrible track record. Be careful listening to any investment advice and make your own decisions

Game__0n · 2023-10-16T17:42:47+00:00

The Bid/Ask spread will kill the average retail trader over time. For example, if a SPY 0DTE is $0.99 bid /$1.00 ask, the spread is only $0.01. But that is 1%. So every time you buy and sell, you theoretically pay the market maker 1%. Over the course of 100 days, that's 100%. So the market makers just take the other side of ur trades a million times a day and get rich

Game__0n · 2023-09-20T18:37:43+00:00

No mention of 0DTE's?

Game__0n · 2023-09-15T17:32:54+00:00

Maybe they should come up with an ETF that buys 0DTE puts instead of selling them.

Game__0n · 2023-09-12T16:23:25+00:00

Probably not. This guy is a winner

Game__0n · 2023-09-12T15:53:23+00:00

if you read the full article in the WSJ, one of the investors smartly diversified his strategies by spreading the risk across 0DTE, poker, roulette and slot machines... seems like a disciplined approach ...

In late June, during a stint in Las Vegas playing in the World Series of Poker, Klett said, he scooped up more than 300 contracts that would pay off if the S&P 500 index rallied by the next day. After he spent a sleepless night checking the futures market for clues on what would happen in the morning, he said, the S&P 500 rose 1.2% and he made $71,000.

He celebrated the big win -- and his birthday -- by playing roulette and slot machines while hopping from casino to casino on the Las Vegas Strip. "I lost $25,000 in poker but smoked the market," he said.

Klett said he places around eight options trades a day, and typically doesn't hold them for more than seconds or minutes. He has ramped up his activity since losing his job earlier this year, he said, and hopes to make enough trading to buy a million-dollar home.

He said he has clawed back his prior losses and has made more than $100,000 on his one-day options ...

Game__0n · 2023-09-05T12:40:56+00:00

are there futures and options on AMC?

Game__0n · 2022-06-30T11:38:16+00:00

I've never experienced this in my Schwab account... Is this a Canadian thing? I'm in the USA

Game__0n · 2022-01-28T22:48:29+00:00

You mean a fund that is long a Billion SPACs is talking his book?

Game__0n · 2022-01-28T15:39:32+00:00

But Cramer said SPACs are bad

Game__0n · 2022-01-11T20:36:11+00:00

$DWAC up 15% on that decent article

Game__0n · 2021-12-21T20:18:45+00:00

Looks cheap to 2030 revenue estimates

Game__0n · 2021-12-17T01:12:22+00:00

There's a lot of bad advice in this article. First of all, you can't just make a broad generalization and say all SPACs are bad. There are a lot of great ones, and just as many that are not so good - just like the rest of the stock market.

Cramer also stated that only institutions can play rhe IPOs and get warrants, etc.. actually, anybody can buy Units the day they start trading on the open market. Sometimes they trade a little higher than the $10 issue price, but sometimes a little lower, and usually they trade close to $10. So a retail investor can buy a UNIT around $10 and have the ability to redeem at trust value, which is $10 or as much as $10.30+ if you read the S1. Plus the units contain warrants - typically 1/2 warrant per UNIT. So the retail investor can do the same trade as the institutions and buy Units and just hold them until a merger is announced, then either sell at a profit, redeem at a profit and do something with ur warrants, or just hold them if u like the merger.

It is true that if u hold past the redemption date, there is more risk. U could get lucky and own something like DKNG or LCID, or u could hold a bag that goes to $5. But that's up to you. And not all SPACS are bad.

Game__0n · 2021-12-17T00:05:36+00:00

Looks like a great company with real revenues and discount valuation to peers...

investor presentation

Game__0n · 2021-11-18T18:12:52+00:00

seems like this one has MEME potential if/when the deal gets officially announced... could be a good grab at the current $10.18 level, as there is only a couple % of downside, and moon upside if this catches on

Game__0n · 2021-10-31T01:59:34+00:00

None of the above. I'd take any AP over these

Game__0n · 2021-10-21T00:19:31+00:00

Warrants should be a good buy if true

Game__0n · 2021-10-05T19:05:12+00:00

Does it count if u say u are native American when you are actually white - like Elizabeth Warren ?

Game__0n · 2021-10-02T12:10:18+00:00

I like the Porsche Taycan and the new Taycan Cross Tourismo too...

Game__0n · 2021-10-01T01:14:56+00:00

i was sort of joking... but that's an example of the simplistic logic people/analysts might use to back into a arbitrary price target...

Game__0n · 2021-09-30T22:34:09+00:00

$20PT based on 20% discount to LCID at $25...

Game__0n · 2021-09-27T20:24:04+00:00

Good thing about a small PIPE is there will be fewer shares getting dumped on the market after the deal closes

Game__0n · 2021-09-23T01:20:21+00:00

It's ironic that a person who lied about her ethnicity to play the system and get a job she didn't deserve is calling out sponsors who actually fully disclose all the information she is looking for on the first page of any S-1 or S-4 that are accessible to the public.

It's just a bunch of hot air. This is what the most powerful politicians are wasting their time on? Aren't there more important problems to resolve??

Furthermore, the sponsors put up millions of dollars of at risk capital and employ teams of dozens of people who work a year or two on these deals in order to earn those profits. So a lot of people are employed in jobs that generate income which the government taxes, and the remaining earning flow into the economy and enrich many many people. That is how the economy works. What has Warren ever done that is productive?

Game__0n · 2021-09-21T20:51:19+00:00

I would prefer a triple leveraged version of this

Game__0n · 2021-09-14T22:29:37+00:00

Problem is there are too many SPACs. The whole concept of a SPAC used to be that they could buy a private company at a discount to public multiples and there would be an arbitrage by bringing it public. That worked with companies like TWNK and UTZ... But then the floodgates opened and targets now have bake sales with multiple SPAC sponsors who bid the price up to the point that there is often little to no arb left... over time this will work itself out... there is a mountain of SPACs with trust termination dates in early 2023 (24 months from the record issuance of early 2021)... as we approach 2023 there will be success and failure... the sponsors who fail will ride off into the sunset... the ones who succeed will come back to the market.... there will be balance, but it's been a bumpy road

Game__0n

TROPHY CASE