Economy stonks v25, return of the fedi

brackis1 said:
Welp shocker; Musk not buying twitter claiming nonsense lol

Total sham smokescreen to dump Tesla shares.
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We told you so, Musk ass lickers. So petulant with us for telling you Musk is a dickhead fucking around.
 
Made bank today on BBBY and AMC. Bought up some oil stock.

EV stock looks good to short here.
 
Buffett still going, damn.

Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) disclosed it purchased an additional 12 million Occidental Petroleum (NYSE:OXY) shares this week as the billionaire adds to his sizeable stake in the oil giant.

Buffett purchased the 12 million shares for about $700 million at average price of $58.11 on Tuesday and Wednesday and now owns a total of 175 million shares, giving Berkshire a stake of about 18.6%, according to a filing. Berkshire paid in the range of $57 to $59 for the shares.

The latest purchase comes after Buffett spent almost $630 million last week adding to his stake in the oil producer, disclosing late last week that he had purchased 9.9 million shares. Berkshire (BRK.A) (NYSE:BRK.B) is Occidental's (OXY) largest individual shareholder with 175 million shares worth about $10.8 billion, based on OXY's Thursday close at $61.47, with options to buy another 83.9M shares that would bring its stake to about 28%.

Truist analyst Neal Dingmann last month said there's a "good chance" Buffett eventually will buy the whole company when it achieves investment-grade status and he raised his price target to $93.

In the first quarter, Berkshire (BRK.A) purchased ~$7.0 billion worth of Occidental shares. Buffett noted at the Berkshire annual meeting in early May that he was able to buy 14% of the petroleum refiner over only a two-week period.
 
Buffett's OXY warrants are at $59.62. Looks like just about every time the shares are trading below that he scoops them up, and the share price jumps back up. OXY has gone from the mid $50's to over $60 about 6 times in the last 3 months or. Could be a nice short term trade if it goes back to the mid $50's, knowing old Warren has your back. Wouldn't be a bad long-term position either, imo.
 
HOLA said:
Buffett's OXY warrants are at $59.62. Looks like just about every time the shares are trading below that he scoops them up, and the share price jumps back up. OXY has gone from the mid $50's to over $60 about 6 times in the last 3 months or. Could be a nice short term trade if it goes back to the mid $50's, knowing old Warren has your back. Wouldn't be a bad long-term position either, imo.
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Seems Berkshire have a lot of conviction in oil stock. I’m back in personally at these prices and scooped up BP. Oil above $90 $100 or $120 doesn’t matter. The profits for big oil will be monstrous. Earnings will likely show this.
 
lol any other company cans the CFO and announces mass layoffs would be down 5-15% but Gamestonk trending toward flat.
If it's up I'll be shorting more than the shares I have just borrowed against.
 
brackis1 said:
lol any other company cans the CFO and announces mass layoffs would be down 5-15% but Gamestonk trending toward flat.
If it's up I'll be shorting more than the shares I have just borrowed against.
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yay there it goes
 
What do you guys think? I've been following this guy for a long time and he's been pretty spot on.
I know a lot of you are much smarter than myself when it comes to markets. What's your thoughts on what he's saying?
https://gettr.com/post/p1hokwgdba7
 
absolutely insane market again.

UPST got downgrades by goldman and was down 5-6% premarket and now UP 5% even as the market falls. Volatility giving me very little on what should be a blood day.
 
brackis1 said:
lol any other company cans the CFO and announces mass layoffs would be down 5-15% but Gamestonk trending toward flat.
If it's up I'll be shorting more than the shares I have just borrowed against.
Click to expand...
Must have been this glorious news:

  • GameStop (NYSE:GME) has introduced an NFT marketplace that will enable gamers, creators, collectors and other community members to buy, sell and trade NFTs.
  • A non-custodial, Ethereum Layer 2-based platform, the GameStop NFT marketplace will allow "parties to own their digital assets, which are represented and secured on the blockchain." Its public beta version is now live at https://NFT.Gamestop.com.
  • Users can connect to their own digital asset wallets such as the recently launched GameStop Wallet. The marketplace will expand functionality over time to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments.

Surely this will be the catalyst for their turnaround!
<Oku02>
 
Folks who've been around long enough should recognize this pattern. Just need gold to flip red and it's game on.

N9pZNBt.jpg
 
I'm all in now.

epd - alot
xom- alot (will start selling covered calls @ 100 again)
pbfx - decent amount (buying all I can)
jpm - small amount (will sell covered calls @ 120)
 
deadon said:
What do you guys think? I've been following this guy for a long time and he's been pretty spot on.
I know a lot of you are much smarter than myself when it comes to markets. What's your thoughts on what he's saying?
https://gettr.com/post/p1hokwgdba7
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Never heard of them but the bond markets the worst ever fed hasn't even started raising rates will they to where they need to be to control inflation which will suck up half of tax revenue paying national debt and sink highly leveraged corps so yeah I'm pretty bearish. S&P 2000 and I'm 100% inverse ETF. And this is if Russia keeps selling oil and gas to eu...a blockaid could send both to stratosphere 4x what selling for today according to jp Morgan
 
brackis1 said:
Welp shocker; Musk not buying twitter claiming nonsense lol

Total sham smokescreen to dump Tesla shares.
Click to expand...
Billionaires don't get there by paying twice what something s worth. Always knew deal was spurious probe. Lawyers will decide price point then musk will either buy or pay fine and not buy
 
HOLA said:
Buffett's OXY warrants are at $59.62. Looks like just about every time the shares are trading below that he scoops them up, and the share price jumps back up. OXY has gone from the mid $50's to over $60 about 6 times in the last 3 months or. Could be a nice short term trade if it goes back to the mid $50's, knowing old Warren has your back. Wouldn't be a bad long-term position either, imo.
Click to expand...
I am going to buy OXY tomorrow too. You and buffet have been warned! Everything I bought this year is down. I may bring Berkshire down with me
 
This market is kinda meh atm. Not alot happening. I guess CPI will dictate where it goes.

Oil dropping hard today.

Just adding a little to long positions.
 
mjfan23 said:
I am going to buy OXY tomorrow too. You and buffet have been warned! Everything I bought this year is down. I may bring Berkshire down with me
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I think you got a pretty good entry point. At $57 right now. Oil can drop at lot from these levels and OXY will still be printing cash.
 
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