• Krugminator2's Avatar
    09-23-2022, 01:22 PM
    Just for you I covered half . (Also because it is flat on the day when the market is getting killed and because there is a netflix movie about it coming out next week).
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    09-23-2022, 11:48 AM
    Hmm... I started scaling into a Nasdaq long and am short GME. Mostly from the breakdown around 28 but added some short in the mid 24s today with a tight stop on the excess. I think if GME breaks 24 it goes to 18. And I think Monday has the potential to be a once in a decade long opportunity. Will be interesting to see who gets it right.
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    09-21-2022, 08:36 PM
    I think it is more I wished the only trades I made this year are what I mention on this site.
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    09-21-2022, 12:35 PM
    Pretty big rally of the initial selloff. Market back to flat on the day. I would have guessed a close of low on the day. Maybe a rally? Edit: Wild gyrations. Closed exact low of the day.
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    09-20-2022, 09:41 PM
    Big day tomorrow. Usually pays to buy before a Fed day when the market has sold off into it. Gut feel is it has become too obvious and the market drops. But who knows. Still think the market fools the majority with a crazy rally into year end. Combination of breadth thrust, sentiment, and fund positioning is favorable for stocks. But thinking it might need to be from lower levels. Maybe a whoosh down the rally the last two months of the year
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    09-18-2022, 05:33 PM
    Nothing you are saying has any connection to reality and isn't something any credible person has ever said. You speak with such conviction and authority though about topics that you couldn't possibly know about. You remind me of this guy from Breaking Bad. I could read your posts and watch this clip all day and never not be amused.
    59 replies | 1704 view(s)
  • Krugminator2's Avatar
    09-17-2022, 07:50 PM
    The Big Ten is still a minefield even though a lot of teams not looking so hot early on. It doesn't seem inconceivable to me that both OSU and Michigan can be playoff teams.
    35 replies | 1035 view(s)
  • Krugminator2's Avatar
    09-13-2022, 08:00 PM
    Fidelity doesn't cater to active traders who short so I can't imagine a ton of demand for it. Interactive Brokers has had a borrow/loan feature as far I can remember. So at least since 2009 or so. https://www.interactivebrokers.com/en/software/twsHelp/usersguidebook/specializedorderentry/about_stock_borrow_loan.htm
    14 replies | 1197 view(s)
  • Krugminator2's Avatar
    09-13-2022, 07:20 PM
    Not shady. Been in place at brokers with active traders forever. Existed long before meme stocks. That is how shorting works. Been in place for centuries. Works just fine.
    14 replies | 1197 view(s)
  • Krugminator2's Avatar
    09-13-2022, 05:36 PM
    This isn't the econ forum but it seems like this is news worth given a closer examination of. I scan Bloomberg, Yahoo Finance, Marketwatch and CNBC.com everyday. The railroad strike isn't a headline story on any of the sites. I need to use Google for it to show up. This is getting no coverage but it seems like a big fucking deal to me. Usually I am all unicorns and candy canes and things are great and 95% this is nothing super significant but.... The combination of this strike, the inflation number and now pricing in more and bigger rate hikes, the energy crisis in Europe where the energy firms need a multi trillion dollar backstop and the insane idea that just hit tonight of sanctioning China has my spidey senses up. Usually institutions are dumb money and worth betting against and this is *probably* nothing but last week institutions bought more crash insurance than at any point in history to the point where maybe this is different and even when you adjust for inflation the only other time that compares is the week before Lehman brothers failed. 1567594385864261632
    19 replies | 1629 view(s)
  • Krugminator2's Avatar
    09-12-2022, 06:33 AM
    I guess I should I pay more attention to the news section here as I was just about to post on this now. It is interesting that I have barely seen this mentioned. This is seems like a huge deal and is getting really minimal coverage. I guess the expectation is this will get resolved.
    19 replies | 1629 view(s)
  • Krugminator2's Avatar
    09-11-2022, 08:51 AM
    We don't??? And you bolded it. I just watched the video. Chicago, Seattle, Miami, Manhattan, San Diego...... China in the propaganda videos looks okay. I am not going to lie. Downtown Detroit seems like an order of magnitude nicer. Maybe there are other videos? Here is just a generic video of Chicago. You can make Detroit look great.
    73 replies | 1797 view(s)
  • Krugminator2's Avatar
    09-10-2022, 05:28 PM
    "Like Samuelson, McConnell estimated Soviet GNP as half that of the United States in 1963 but he showed that the Soviets were investing a much larger share of GNP and thus growing at rates “two to three times” higher than the U.S. Indeed, through at least ten (!) editions, the Soviets continued to grow faster than the U.S. and yet in McConnell’s 1990 edition Soviet GNP was still half that of the United States!" https://marginalrevolution.com/marginalrevolution/2010/01/soviet-growth-american-textbooks.html China Worries: Echoes of Japan, and the Soviet Union There seems to be an ongoing fear in the psyche of Americans that an economy based on intensive government planning will inevitably outstrip a US economy that lacks such a degree of central planning. I first remember encountering this fear with respect to the Soviet Union, which was greatly feared as an economic competitor to the US from the 1930s up through the 1980s. Sometime in the 1970s and 1980s, US fears of agovernment-directed economy transferred over to Japan. And in recent years, those fears seem to have transferred to China. https://conversableeconomist.blogspot.com/2018/04/china-worries-echoes-of-japan-and.html?m=1
    73 replies | 1797 view(s)
  • Krugminator2's Avatar
    09-10-2022, 05:11 PM
    Technocrats and people who think you can plan your way to success always have a shiny object they latch onto to argue against free enterprise. Japan was the wave of the future. Just watch Trump in the 80s talk about them. They built a bunch of crap. Lots of high speed rails. They protected their manufacturing base. Kept immigrants out. And failed. Lot of bridges to nowhere in Japan. Paul Samuelson loved the Soviet Union. Always put graphs in the the textbook leftists still Revere about how they were just about to overtake the US for decades. Here is what he said in his textbook I 1989 just before it collapsed. "The Soviet Union demonstrates that a command economy can be an engine for economic growth." Why Were American Econ Textbooks So Pro-Soviet? https://www.econlib.org/archives/2009/12/why_were_americ.html China will fail because top down management of the micro economy to the extent they do it cannot work.
    73 replies | 1797 view(s)
  • Krugminator2's Avatar
    09-10-2022, 04:38 PM
    I didn't watch the video. Nor did I watch your video. Neither one has any credibility with me. I posted just to show there are people with large followings who will say the opposite. The odds of China overtaking the US are zero percent. Economic progress comes from freedom to innovate, strong property rights and a predictable rule of law. China has none of those things. The hatred that people like you have for the United States is disgusting. It isn't a minor difference of opinion. It is a fundamental belief you have that freedom doesn't work. There is no better place or time in human history to be alive than the United States in 2022. Basically unlimited opportunity and freedom to do what you want. It isn't perfect but close enough that there are very few barriers.You sure as hell can't say that about China. They are very poor country, who regularly disappears people with no trial. And if you become too successful they put a lid right on you. Of course you will draw your false equivalencies with the US and China just like you do with the US and Russia. The way you apologize for these shit hole countries while enjoying for all practical purposes unlimited freedom in comparison is something else.
    73 replies | 1797 view(s)
  • Krugminator2's Avatar
    09-10-2022, 03:39 PM
    Protectionists and socialists are two peas in a pod. And it isn't surprising the people who think Jews are secretly controlling everything think China is going to be a massive success overtaking the United States. It is a complete lack of understanding that decentralization and property rights are what create economic progress not central planning. Freedom works. Totalitarianism does not. All the leftists (and I absolutely put Swordsmyth and texan in that category) thought the Soviet Union was just about ready to overtake the United States. The target always just moved to a few more years. That one day never came. They think some wise strongman central planner is what is needed. China builds a bunch of crap that no one needs and isn't driven by market forces, which always impresses economic leftists. Just make a bunch of stuff like steel or rocket ships into space. That's what the Soviet Union did. It is what Japan did. Remember Japan? Japan spent one quadrillion dollars on infrastructure. Protectionists should love Japan. Zero immigration. High tariffs. Zero Economic growth. It is a failed country. China is a mess. China is a third world shit hole. China is much more likely to collapse like the Soviet Union than it ever is to overtake the US on a per capita basis. China failing will not be surprising to anyone who has read Mises but will surprise all the people who think central planning works. And I can just easily find videos showing what a mess China is. Popular Youtuber.
    73 replies | 1797 view(s)
  • Krugminator2's Avatar
    09-09-2022, 06:27 AM
    MAJOR change in character in Bitcoin overnight. It is at $21k. Big hold of 20k. Seems like the kind of thing that can have some follow through.
    1115 replies | 128694 view(s)
  • Krugminator2's Avatar
    09-08-2022, 02:15 PM
    I sold all of this at the close and after hours for a tiny profit. Had a pretty big position and basically determined if it closed at a profit I would sell. Probably shoots higher and I will swear loudly. A lot of negativity in sentiment which is what is needed for a new bull market. I just don't want to get caught having to hold over the weekend and some crazy thing in Europe happening.
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    09-04-2022, 08:19 AM
    I am sure the company is doing great. 1566345494485516288
    336 replies | 52569 view(s)
  • Krugminator2's Avatar
    09-04-2022, 06:39 AM
    Nebraska can definitely make a bowl because they played 2 1-AA games and those now count and they play in West and dodge OSU, psu and MSU. But they look awful. They limped in against a 1-AA team. I think Georgia would beat them 142-0. They look even worse than last year.
    35 replies | 1035 view(s)
  • Krugminator2's Avatar
    09-03-2022, 04:54 PM
    "El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up" https://www.bloomberg.com/news/articles/2022-09-03/el-salvador-had-a-bitcoin-btc-revolution-hardly-anybody-showed-up?srnd=premium#xj4y7vzkg “No one really talks about Bitcoin here anymore. It’s kind of been forgotten,” said former El Salvador central bank chief Carlos Acevedo. “I don’t know if you’d call that a failure, but it certainly hasn’t been a success.” The Bitcoin experiment promoted by the Bukele administration has significantly raised the market’s risk perception of the country,” said Fabiano Borsato, Chief Operating Officer of Torino Capital LLC. “It’s being implemented in a context of fragile public finances, high and persistent fiscal deficits and doubts about the rule of law in the country. This, in our opinion, will prevent El Salvador from accessing financing in the international markets under favorable conditions in the short and medium term.”
    21 replies | 4659 view(s)
  • Krugminator2's Avatar
    09-02-2022, 11:30 AM
    1565417716499984384 1565746373302968321
    21 replies | 4659 view(s)
  • Krugminator2's Avatar
    09-02-2022, 08:02 AM
    Covered the remainder of my GME short yesterday and this morning. +10 dollars. Still another 20 in downside but getting oversold with a market poised to rip higher. It has earnings next Wednesday. If it gaps up on whatever nonsense they say will be another great entry for a short.
    336 replies | 52569 view(s)
  • Krugminator2's Avatar
    09-01-2022, 06:22 PM
    I will say this for Barack Obama. He probably holds these types of views and occasionally hints at them but he made a concerted effort to be the president of everyone. And his policies were for the most part defensible, even if I disagreed. I get it. People will bitch about saying that. But he seemed like an ok guy in general. I really didn't think Biden would be a radical left winger of the glue sniffer variety and be this outright hateful. He is a fundamentally hateful guy. Biden and Hillary are probably more divisive than even Trump. This is unreal for a president to talk about voters like this. This far cry from Ronald Reagan thinking everyone was redeemable.
    157 replies | 5637 view(s)
  • Krugminator2's Avatar
    09-01-2022, 07:12 AM
    Reg Sho doesn't mean anything. No shortage of shares to short. There's nothing to enforce. From 30 seconds ago. AVYA
    336 replies | 52569 view(s)
  • Krugminator2's Avatar
    08-31-2022, 03:22 PM
    Spending money from a government loan and not repaying is inflationary. Repaying the loan isn't.
    126 replies | 5132 view(s)
  • Krugminator2's Avatar
    08-30-2022, 05:38 PM
    Imagine I buy a Ferrari on credit. I decide not to make any payments. I keep telling them they will get their money. A year goes by with no payments and finally in the middle of the night the car is repossessed What are they so mad about? It didn't cost them anything. The money never existed but they are still mad. Time value of money seems to be lost on all the people that think forgiving interest is "free".
    126 replies | 5132 view(s)
  • Krugminator2's Avatar
    08-30-2022, 12:53 PM
    No guarantees. Only my opinion based on backtests of overbought and oversold for shorter term holds (less than a week). Still might have more downside pain. And anything can happen. But things look good to me for a close higher sometime in the next week or so Here is what the next six months *historically* have returned based on what we just experience with the market having such a sharp rally off lows. Not always easy to realize those returns. Sept worst month for stocks . A lot of people infinitely smarter than me disagree. Always have a reason like Fed tightening, QT, recession, etc. But the data tends to win out over opinion. 1558905779687653380 1564240801948909570 An alternative view for balance is when the market is down like this through August bad things happen going forward.
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    08-30-2022, 12:37 PM
    Great opportunity for bounce in the markets. QQQ below 300. Oversold short term within an intermediate term uptrend. McClellan Oscillator at bounce levels Put/call spiked yesterday. Even though I am looking for just a few percent bounce, entirely possible this is great entry point for a longer term move up.
    147 replies | 13081 view(s)
  • Krugminator2's Avatar
    08-29-2022, 07:25 PM
    I know. I hate those people who provide goods and services at low cost and make everyone better off. The real heroes are the people sitting with their thumb up their ass whining on the internet about billionaires.
    123 replies | 40061 view(s)
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