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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

What's with the flag? Neither of those corps are Canadian...

And am I the only one that thinks Palantir's CEO looks like a real life Wojak?

It's been slim pickings in equities this year. As much as pandemic lockdown sucked, it was a great time to buy everything
 
gordonliddy said:
Yeah. Hey, do you have any feeling about Barrick?
Click to expand...

Not really, it's pretty stable I guess... TECK is probably better for growth potential but I got out of both so not following as closely now.

The one Canadian stock I think has real turnaround potential is Magna. It was nearly $100 (CAD) before Russia sanctions and still hasn't recovered yet, but it's a major player in the automotive supply chain and well integrated. Not a bad dividend nut either
 
fuck yea - can finally unload these $GME bags.... Part of me wants to see what happens now that they can't *shouldn't be able to* take away the buy button - but greed is what got me last time and had kept me in the read for the better part of 2/3 years. What a feeling to finally be outproducing what a HYSA would've done for my play money account in the same time lol.

I loaded up in my IRA when I rolled over my 401(k) funds so my cost basis in there is fucking nice so I'll probably sell enough to cover my cost and see if this fucking rocket makes it to a moon landing or beyond...
 
I wish I had the money to buy stocks. If I had the money I'd buy stocks in.

Silver
Platinum
Cobalt
Titanium
Palladium
Rhodium
Lithium
Tungsten

Textron
Darpa
Lockheed Martin
Northrop Grumman
RTX Corporation

Amazon
Microsoft
 
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everything is too expensive now, got the war chest full waiting on the summer lull to hopefully snag some good discounts.

also waiting to see how my BOIL play turns out, entered at $13 and now it's hovering around $20.

trying to get more into commodities and identifying stable seasonal patterns, with BOIL i saw a weak pattern in springtime and even with headwinds this year it still seems to be at least trending in the expected direction.
 
gordonliddy said:
I couldn't find a good link for you but there was at least one famous example where a cabal of five or six (I think?) wealthy Romans conspired to undermine the Emperor by simply paying off the Egyptians to stop sending grain to Rome. This caused a horrible political crisis. So people were manipulating the commodities markets for financial and political gain since like at least 800 Before Christ.
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Very interesting, I'll have to read more about this.

I remember once going to see an exhibit about Sumeria/Mesopotamia and seeing the first known futures contract punched into a clay tablet in ... I forget if it was 5000 BC or 3000 but yeah hell of a long time ago.

Crazy how something so foundational to human civilization is now seen as some sort of exotic financial instrument.

This is the example of commodity market manipulation that always sticks in my mind - https://en.wikipedia.org/wiki/Onion_Futures_Act
 
That is cool how they knew to hedge future costs back then. I'm convinced we've been the same for like 10k years and any biological evolution we've had over 100k years or so came in sudden spurts due to evolutionary bottlenecks from whatever causes, not a steady rate of evolving
 
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