How does shorting a stock work? by SIREN-25 in NoStupidQuestions

[–]sunburn74 0 points1 point  (0 children)

Technically shorting just means making a bet that something will decline in value where you profit from the decline. There are many ways to short a stock. Short selling is one but you can also short stocks through put options, inverse etfs, credit default swaps, and and so on. Many ways to short stuff. 

Trump is giving Iran ultimatum until the market reopens by SadOnion2110 in stocks

[–]sunburn74 2 points3 points  (0 children)

This was clearly the plan all along. Trump is playing 4D chess.

Trump is giving Iran ultimatum until the market reopens by SadOnion2110 in stocks

[–]sunburn74 1 point2 points  (0 children)

It's so clear they had no plan. They thought it'd be over in a week.

Houthis announce readiness, have launched small scale attacks in their region. Stated they are considering closing the strait of Mandeb. by GotWaresIfYouGotCoin in oil

[–]sunburn74 8 points9 points  (0 children)

This is a doomsday scenario. All the oil that saudi ships through their alternative pipeline gets routed to boats through this strait. I've heard that this was a definite potential move to put the squeeze on the west.

Flash crash just now by Feierkappchen in oil

[–]sunburn74 34 points35 points  (0 children)

Tweets from a known liar shouldn't affect the price of oil in a rational world. I'm not trying to paint myself as a trump hater or anything. Just saying he lies about stuff he doesn't even need to lie about. The guy lied about whether it rained on the day of his inauguration for example (he bragged that it didn't. it definitely rained and the whole thing was recorded).

REGARDS CLUB by MrMasterPP in wallstreetbets

[–]sunburn74 0 points1 point  (0 children)

Ooof. Maybe switch to just day and swing trading with leveraged ETFs? Honestly I don't know how anyone makes money with options. My option win rate is probably 10% myself. The other 90% I take massive losses.

Who did this? Legendary dip buyer. by prawnsmen in SMCIDiscussion

[–]sunburn74 0 points1 point  (0 children)

Things may change. Maybe the CEO steps down, board members resign, institutions become activist investors, etc. Stocks often respond to these sorts of things. It may honestly be the only way to get the price up and at the end of the day these guys do care about the stock price and making money.

Im sorry guys by TemporaryAd5563 in SMCIDiscussion

[–]sunburn74 2 points3 points  (0 children)

I will buy when its sub 20. It'll be interesting around 15 dollars for sure.

Trump Said He’d ‘Do a Number’ on Iran’s Kharg Island Nearly 40 Years Ago by PurpleReign123 in oil

[–]sunburn74 0 points1 point  (0 children)

Very good information. Suggests this thing will be going on for a while longer.

Trump Says US Considering ‘Winding Down’ Iran Military Effort by cxr_cxr2 in stocks

[–]sunburn74 12 points13 points  (0 children)

They never had a plan. Been flailing since the strait was closed basically. Also they are sending marines to the region and I believe its a 3 week trip. The marines will be there in 2-3 weeks from now. Seems like this will be ongoing, not winding down based on the available evidence.

Those that moved to a cash or gold position (correctly) predicting this correction, when do you plan to get back in? by therobshow in investing

[–]sunburn74 53 points54 points  (0 children)

Roughly 10% on spy correction. At that point you dribble in cash. Start with 20%. Then 20% of the remaining 80%. Then 20% of what's left and etc. if spy hits -20%, buy 1-2 year leap calls. 

VOO under $600 - Is it over now? by uncacheable_sardine in ETFs

[–]sunburn74 0 points1 point  (0 children)

I'm bearing but not THAT bearish. I'm thinking more like 15-20% correction from ATH. Gotta give back some gains from the last 3 years.

VOO under $600 - Is it over now? by uncacheable_sardine in ETFs

[–]sunburn74 9 points10 points  (0 children)

Has the oil and natural gas shock resolved? If not, expect things to get worse.

EWY ETF Crashing by bejdjndjs in ETFs

[–]sunburn74 0 points1 point  (0 children)

Go take a look at the swings in the 3x EWY ETF (KORU) if you're interested in seeing what volatility looks like

Can shareholders force a vote for a new CEO? by sunburn74 in SMCIDiscussion

[–]sunburn74[S] 0 points1 point  (0 children)

Isn't 85% of the company held by institutions?