Talking stocks, trading, and investing in general

[OmniscientCause]

I look at it periodically and am more out of the door because it's came down a lot lately. But what comes down must come up?

 

[djblisk]

****. Under Armour. **** me. I sold it at $65 because I'm a little *****. ****.

 

[OmniscientCause]

Yea what are you doing selling the hottest stock in that market ?

 

[GreenFrog]

MZN down 13%.

I bet it recovers tomorrow to -8%.

 

[ramuman]

The blind leading the blind this thread is.

- Yoda.

 

[chogall]



Dead serious. AMZN is encroaching into the corporate space without anyone else making a dent - AMZN's e-mail service (SES) alone makes me wonder why my startup is sticking with GOOG for e-mail.

Haven't check it out. Is it similar to mailchimp?

What's your cost basis for your NFLX short? It's down significantly already. I'm worried about a near term bounce. I'd be comfortable shorting it when it's above the psychological $100 price.

Close to 110s. Not great but worked.

Shorting is hard

 

[GreenFrog]

BOJ lowers interest rates to negative territory!

Futures just surged like crazy. Yeah no way AMZN stays -13%

 

[chogall]

Nikkei is flat.

 

[skeen7908]

I never quite understood negative interest rates
If you pay a penalty on reserves isn't the net effect a reduction of the monetary base? As the BoJ is effectively removing that money from the banking system

Of course people will rather hold assets and that is the point but somebody has to end up holding the yen and paying the penalty

I understand the intention is to debase the currency but there are much easier ways of doing it that involve EXPANDING the currency supply rather than shrinking it (ie government expenditure not funded by bond sales)

 

[GreenFrog]



Nikkei is flat.

It whipsawed a lot after the announcement. Closed up 2.8%

 

[GreenFrog]

Just increased my AAPL position by 17%

 

[GreenFrog]

When you sell a stock and it jumps right after.

Like dis if u cry evrytiem

 

[ramuman]

I think GF is drunk before noon (EST).

 

[Piobaire]



I never quite understood negative interest rates
If you pay a penalty on reserves isn't the net effect a reduction of the monetary base? As the BoJ is effectively removing that money from the banking system

Of course people will rather hold assets and that is the point but somebody has to end up holding the yen and paying the penalty

I understand the intention is to debase the currency but there are much easier ways of doing it that involve EXPANDING the currency supply rather than shrinking it (ie government expenditure not funded by bond sales)

There is a host of folks here better equipped to speak to this but isn't the main goal of this to get commercial banks to aggressively lend money? This is to fight stagnation and deflationary pressures, isn't it?

 

[Pennglock]

I never quite understood negative interest rates
If you pay a penalty on reserves isn't the net effect a reduction of the monetary base? As the BoJ is effectively removing that money from the banking system

Of course people will rather hold assets and that is the point but somebody has to end up holding the yen and paying the penalty

I understand the intention is to debase the currency but there are much easier ways of doing it that involve EXPANDING the currency supply rather than shrinking it (ie government expenditure not funded by bond sales)

There is a host of folks here better equipped to speak to this but isn't the main goal of this to get commercial banks to aggressively lend money? This is to fight stagnation and deflationary pressures, isn't it?

Yep. Monetary policy can move either the supply or demand for money. IOR and reserve requirements are the textbook instruments for targeting demand for base money.

The higher the interest the Fed is paying on reserves, the higher the opportunity cost Banks face for lending, the less broad money entering the system through the multiplier effect. And vice versa.