• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

in option terms ($71 calls)

this week from 50c to $19 (38 bagger)

today's low $1.50 now $10.50 (7 bagger)
 
CH1 said:
AMC is hysterical

From 60 to 38 back to 66 (now)
Click to expand...
So there's an AMC right beside my office here that I walk past every day (just like the Tesla store), and when it was on the verge of bankruptcy, I was like, but what the hell is the mall going to do with that space if they go? I also didn't really think they'd fall because they're the premier chain here and would be the most likely to still be standing once we were on the other side of the pandemic. I toyed with the idea of throwing $5k at it when it was basically nothing. I have a good number of these types of plays in mind here and there and I never act on them because I figure it's just going to be lost money. I have to execute on them once in a while.
 
even 2K would have been sweeeeet. It spent the start of the year at $2...so that's 60K right now

I had a similar play in 2008/2009

That horrible store Pier 1 imports was trading at 10cents....the whole company was valued at 10M...less than Carey Price's yearly salary.

it shot up to $10 in less than a year (and just kept going) but even at $10 it was a 100 bagger
 
was too intimidated by the 70% off sales banners when I occasionally walked by the storefront
 
Even $1k. But you know my all or nothing style. When evaluating it, I'd be like eh, so if it goes up 10x, not exactly lifechanging and I'm just probably throwing the $1k away. For it to be more meaningful, $5k into $50k would be nice, but then I'm like but shit losing $5k like that would suck. Investing-wise, I'm just programmed to think long term, and my choices are always companies that I believe will never fail. I've never thrown money at something as a gamble when I thought there was a high risk of the company going under.
 
LeafOfFaith said:
Even $1k. But you know my all or nothing style. When evaluating it, I'd be like eh, so if it goes up 10x, not exactly lifechanging and I'm just probably throwing the $1k away. For it to be more meaningful, $5k into $50k would be nice, but then I'm like but shit losing $5k like that would suck. Investing-wise, I'm just programmed to think long term, and my choices are always companies that I believe will never fail. I've never thrown money at something as a gamble when I thought there was a high risk of the company going under.
Click to expand...

that's the thing...lotto plays like AMC can go 30x...so 2K is the sweet spot IMO
 
Oh, and the best of these was back in the days of Blockbuster. I watched one location after the next shutter, and I kept looking at their stock price and thinking if I short this shit, it's basically a sure thing. But just imagine risk-averse LOF considering that 20 years ago, when I wasn't even actively investing.
 
LeafOfFaith said:
Oh, and the best of these was back in the days of Blockbuster. I watched one location after the next shutter, and I kept looking at their stock price and thinking if I short this shit, it's basically a sure thing. But just imagine risk-averse LOF considering that 20 years ago, when I wasn't even actively investing.
Click to expand...

and shorting is riskier because there's no limit to your losses.....if you blow 2K on AMC....you can only lose 2K
 
CH1 said:
and shorting is riskier because there's no limit to your losses.....if you blow 2K on AMC....you can only lose 2K
Click to expand...
That's what I meant. Imagine my taking on that kind of risk. All it took was the thought of waking up to some news release one day that said Blockbuster was being acquired by Amazon for $10 per share. Life = over.
 
  • Like
Reactions: CH1
LeafOfFaith said:
But that $5k could've been $300k!

I'm so curious what I'd do in such a situation though. Would I have just sold it at $100k?
Click to expand...

no way of knowing...but let's be honest...you probably sell after round 1 of the insanity at around $30

knowing your all or nothing MO, you probably don't sell half and keep the rest running
 
CH1 said:
no way of knowing...but let's be honest...you probably sell after round 1 of the insanity at around $30

knowing your all or nothing MO, you probably don't sell half and keep the rest running
Click to expand...
That's what I'm saying. I'm not sure when I'd have gotten off the ride But I imagine there's a possibility I might've sold like $10k worth or whatever, something to make it a positive no matter what happened, and let the rest just ride to the most insane level that I could endure before selling it all. That's more the all or nothing approach for me, rather than just selling it all out at some level.

(To clarify, I'd still want to get the ALL by taking just a few chips of the table, and whatever happened to the rest of it, so be it).
 
I'm close to going balls deep on spy puts. Level of conviction at ATH. Thinking February 2022. Maybe 310's. Shit is gonna get dark again.
 
Last edited:
Preston said:
I'm close to going balls deep on spy puts. Level of conviction at ATH. Thinking February 2022. Maybe 310's. Shit is gonna get dark again.
Click to expand...

Interesting.

My conviction levels are low (either way). Would love to hear your rationale.

I can see darkness....but I can equally see all time highs. So no big bets for me; just hedges.
 
You must log in or register to reply here.
Back
Top