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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

I think Trudaeu may resign tomorrow, so not sure what stocks that may cause to move
 
"Trudeau resigns, market goes up 5%" would be hilarious like when a bad CEO dies and the stock goes up
 
Anybody else remember the May 6th 2010 flash crash?

flash-crash-dow-popup.png




www.forbes.com

British Trader Navinder Sarao Arrested Over 2010 Flash Crash

The mystery over the May 6, 2010 Flash Crash took a turn on Tuesday when the Department of Justice said it arrested a little known U.K.-based trader, Navinder Singh Sarao of Sarao Futures, for playing a key role in that day's market tumult through a series of large, market-manipulating trades.
www.forbes.com www.forbes.com
 
alasdairm said:
how old are you @TripSitterNZ

i'm in my 50s and started thinking about retirement saving too late in life. i've been saving and investing pretty aggressively for about a decade but i wish i'd started - even small - way back when.

i'm not saying i necessarily regret it - i had experiences in my 20s and 30s i may not have otherwise had but when i think about the amount of disposable income of which i just disposed, it makes me think.

i don't know how old you are but if you're younger you have time on your side.

what's your plan?

alasdair
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30 right now, but wasted all of my 20's

so still young. But looking at everybody buying houses and me being dirt poor because of my bad choices throughout my 20's makes me regret a lot. And now i realize I need to have a plan and will probably just go into sp500 funds and global rather than trying to get rich quick on any high risk shares.
 
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dude, we all wasted all of our 20s - that's what our 20s are for :)

i bought a house this year. my first house purchase. i'm 57. don't measure yourself against what you think others think is right or what some idea of societal normalcy looks like.

TripSitterNZ said:
I need to have a plan
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you do. doesn't have to be mind-blowing or novel or anything. just have a plan, execute it and check in on it, making adjustments as necessary.

TripSitterNZ said:
will probably just go into sp500 funds and global rather than trying to get rich quick on any high risk shares
Click to expand...

i think that's smart. you're 30. as i said before, you have one thing a lot of people don't have - time on your side.

you have $1k saved. if you simply deposited it in a high yield - say 4.25% - savings account, contribute an additional $10 per week until you are 50, it'll be worth over $17,000.

hell, if you open an account like that, they'll probably give you a couple of hundred bucks which bumps you to nearly $18k in 20 years.

a small change to your weekly contribution can make a huge difference. deposit $15 per week instead of $10 and you're looking at $25k in 20 years.

i don't know what your other outlays and expenditures look like but i echo @-=ss - reduce your spending and consumption as much as possible. do you budget? start a budget.

good luck.

alasdair
 
TripSitterNZ said:
so still young. But looking at everybody buying houses and me being dirt poor because of my bad choices throughout my 20's makes me regret a lot.
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Don't compare yourself. Stop that shit immediately. You never know what is going on behind closed doors and behind the mask, people put on all sorts of facades. The greatest argument for what I've just said is the known amount of individual personal debt people have, known savings amounts, and known spending habits. The majority operate on the principle of comparison, it drives their entire behaviour (including finances), and they all suffer for it.

This is how the system is so messed up, because the financiers understand we're social creatures and vulnerable to comparison (especially women), and they prey on that impulse. So, you get people marrying when they shouldn't, and getting tangled up with mortgages, children, and all the rest. Don't be in a rush to burden yourself with something that the state can leverage against you whenever it fancies. Fuck that, for as a long as possible.

Mortgage comes from old French and means 'death pledge'.

Also, life is not a linear thing. Shit can happen, so any plan you lay out has to be flexible enough to take that into account. The one thing you have that a lot of people don't, is that you 'wasted' your 20's whereas the flipside is you get legions of people who 'do the right thing' for decades then something clicks in them and they realize they've used the majority of their lives pursuing things that they were programmed to pursue, and not necessarily pursuing what matters (self definition, family, etc).
 
There is no way that RGTI isn't a great short, unless it makes even more of a bubble, but eventually it's going back down
 
Electrum1 said:
RGTI -25% pre-market
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Electrum1 said:
RGTI -40%
QBTS -40%
IONQ -34%

Safe to say the quantum computing bubble popped
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You know a thing or two about this shit, eh? I don't have a good mind for the markets - just have my retirement in (mostly) index funds, though about 30% is spread out in a few other areas.
 
Those stocks were just such obvious bubbles that they were definitely going to crash at some point. Didn't expect it to be immediately after I posted that RGTI was a good short, but I'll take it!

They're still good shorts even after those declines but could bounce first since they have a cult following of traders that don't read filings or care about rev, earnings, market cap to sales ratios, and so on
 
Yeah man that was perfect timing. He talked shit about them just hours after I shorted one. Crazy lucky timing
 
Electrum1 said:
Electrum1 said:
Got lucky on my MDGL buy yesterday. It's up $9 a share already

Their trials are at least a year ahead of VKTX and they report phase 3 NASH data by the end of this year, and there currently aren't any good FDA approved NASH treatments

Will go up a ton on good data
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Since this post MDGL is 238 now from 73

VKTX is 15.50 now from 4

These fatty liver drugs will be big money once FDA approved
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Can't believe I'm gonna buy more VKTX at nearly 10x the price it was in the older quote above, but their GLP-1 ozempic competitor looks like it'll be superior. They have a presentation at the JP Morgan healthcare conference tomorrow so maybe something good happens and it makes a reversal and starts going up again
 
I just can't pull the trigger. Got the rest of the trading day to decide before their presentation but idk
 
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