I am an idiot

This just in from yahoo news the 5/2020 employment numbers are in...appears to be a 2.3 million net gain. Leading the way was travel, leisure, and restaraunts.

Article here https://finance.yahoo.com/news/leisure-and-hospitality-drive-jobs-numbers-higher-142522323.html

Regards
Suited89

This article is rather interesting... buying fractional shares. Used to be one got them when reinvesting dividends. Cash-out a bit of a problem, as the full standard fee was applied ($25 back 15+years ago), so all fractionals among all investments was the only way to go. That would also include the selling of non-round lots (< 100 sh.). I had to do this when leaving the REITs in '05. But now, with ridiculous pricing of tech stocks that will not split, fractionals have caught on. Pick a stock and join the round-lot pool. The article actually does call it 'democratizing the stock market', which it is.

https://finance.yahoo.com/news/fractional-shares-trading-demand-as-stock-market-rally-180837763.html

Regards
Suited89

Robinhood is under investigation now

ONM, I have to tell you I mention you quite a bit when talking to people, without using your name, though I only know your first name anyway.

It comes up that gamblers turned to stocks as a form of gambling, with a surge when casinos got closed down, and so I will talk about Robinhood and how they went after this market, and that I know someone who did exactly all these gambling-like activities there. I still marvel that they got you into short selling and buying on margin.

https://www.fool.com/investing/2020/09/01/new-sec-investigations-robinhood-investing-villain/

Quote: odiousgambit

Robinhood is under investigation now

ONM, I have to tell you I mention you quite a bit when talking to people, without using your name, though I only know your first name anyway.

It comes up that gamblers turned to stocks as a form of gambling, with a surge when casinos got closed down, and so I will talk about Robinhood and how they went after this market, and that I know someone who did exactly all these gambling-like activities there. I still marvel that they got you into short selling and buying on margin.

https://www.fool.com/investing/2020/09/01/new-sec-investigations-robinhood-investing-villain/

brrr brrr brrr

what?

Quote: odiousgambit

what?

I suppose it's actually Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
JPOW with the printing press,

Oh well I made mistakes and was greedy and trying to do too much and also had some bad luck and I'm fine with it. This lockdown couldn't have happened at a worse time for my personal peak. I've decided to go again and will be more conservative and not act impulsively and only invest what I don't need immediately. I will use margin, and I will not use what I cannot cover in case of catastrophe.
I think these stock values are insane, to think stocks are worth multiples what they were at peaks before corona, just money being pumped into the system with nowhere else to go.

Speaking of crazy, GME. Just looking at call options for 4/30/21, $.17 for $690 call options, with the price $150. You would think it would be .01, but oh no. I'm tempted to buy in for a ride one way or another, but I will not probably. They think there are some really invested shorts left, maybe they're right. Deepf**kingvalue/Roaringkitty is still in the stock and he has made a ton. Success for this group will not be good if "stonks only go up" and there is nobody to sell to.

Back to some old habits, gambling again. put and call options and some speculative stocks and some margin. If I could not worry about PTD, I would sometimes bail as soon as I realized a mistake.

Stocks I own:

BTG, GOLD, NEM
GLXZ(fomo)
LKQ, AAP
COIN

Stocks I own for speculation( I will watch them closely, may sell):
MNMD
SOS

Put options:
TSLA 5/7

Call options:
BTG 5/18 & 6/18

Both sets of options mistakes one way or another for my risk tolerance. I really think TSLA will drop considerably within 3 weeks. Most people who I think own BTC and COIN, also hold TSLA. They won't feel fear unless BTC is dropping under $50,000 for a few days or Musk says something he doesn't mean to say on SNL. I just have trouble thinking many stocks are worth 3x preCOVID, and it's a problem. I just don't have time or energy to be watching all this speculative nonsense.

I'm thinking about HNST IPO and also moving back to cash to stay on the side lines some.

Quote: onenickelmiracle

Oh well I made mistakes and was greedy and trying to do too much and also had some bad luck and I'm fine with it. This lockdown couldn't have happened at a worse time for my personal peak. I've decided to go again and will be more conservative and not act impulsively and only invest what I don't need immediately. I will use margin, and I will not use what I cannot cover in case of catastrophe.
I think these stock values are insane, to think stocks are worth multiples what they were at peaks before corona, just money being pumped into the system with nowhere else to go.

Margin I do realize how they will offer it, then raise the equity requirements. I realized it, but as fully as I do now. Margin was never the problem, it was options. At least being wrong on options and staying wrong. SPY puts netted me 40% in 1 day and they quicky turned the next and kept getting worse. At the time, I thought, everyone will be poor, not everyone will be rich and can't buy anything with the money. The world was ending in my eyes. Early on before my stumble, I had had a plan, be conservative and not watch my stocks at all while I did home repairs but something bad happened or something good didn't happen, which I am not willing to discuss publicly right now.