You probably own as much of the company as some of the major institutional holders. If you visit the corporate headquarters in Estero, Florida for the share holder convention, I will invite you as a guest to some of the clubs that I frequent in southwest Florida.
In return, I could be your guest at the RNC. I bet you are one of the speakers at the Convention.
There is something to be said for throwing a few bucks at companies with short float over 30%. Short squeezes are brutal and frustrating, especially when you know the underlying is garbage. Looking at you TSLA and SPCE!!
I am definitely NOT advising what I am about to say, but at $1.67, your Hertz is worth $32,400.
That defines your maximum loss on the investment.
You can buy January 2022 $2 leaps on Hertz for about $.57
200 contracts would allow you to control 20,000 shares. That comes out to $11,400.
You could have almost the same upside over the next year and a half while risking just over 1/3rd of the capital.
Both the common stock and the leaps I mentioned are both likely to end up and zero. O why not limit the downside?
Juice man with all the potentially hot shit right now you go to Hertz? Might as well grab some Party City and GNC sheesh.
At least put 10-20% of your shit into some hedges like VIX, SLV, TQQQ. Forget to pay tithe to the bear god in a bubble market and you'll be punished.
Winex your right I should buy the equal I some calls for two years out
Nice suggestion.. Gonna do this in the morning when market opens
No gamble no future
That's why I do this
YOLO !!!!!!
Personally I think the better opportunity is in the puts, not the calls.
In my opinion, Hertz is headed to zero.
The only real question is "when", not "if".
Don't be a pussy Juice go all in on 7/24 $2c. You can get approx 32,400 contracts at $1 each. That bitch goes to $5 (like it obviously will tomorrow) and you make a cool 9.65M.
This sounds like one of those "Get poor quick schemes"
To think Hertz was going to issue more shares not too long ago and was blocked by the SEC. The bet on that stock is that people start traveling again by air asap and renting cars (and buying used ones at the rate pre-covid) like crazy. That's a bad bet and even the airlines know it and are decommissioning aircraft at a high rate knowing no demand in the near future.
@Cashman actually scratch off tickets have more upside you can use them as book marks or take notes on a scratch off
Hertz shares on the other hand don’t exist in physical form just as entries in a book there is no actual stock share issued
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All that shit going on this week and you picked Hertz lmao man. I can't really talk since I got money on Albertsons =/.
On another bright note, we went over 30 on the Shiller P/E ratio this week. Good things never happen for long in that territory. This week will either make that ratio skyrocket or plummet IMO. My gut is telling me next week will be volatile.
^^ Buy the VIX for cheap insurance, and if it pops, sell. If it doesn’t pop, then your profits will be made in your long
Positions (that’s what she said).
"Everyone’s a Day Trader Now
Bored, isolated and out of work amid the pandemic, millions of Americans are chasing stock-market glory—and bragging about it online."
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The article goes on to say that the last time amateur investors binged on day-trading was the dot-com period in the late '90s (which ended very well).
twentyfive is right about scratch off tickets. There’s more use to them - than owning street name stocks.
I thought day trading was over around 2000? Are guys still trying to beat the street while sitting in a basement on a computer? Or in Juice’s case - in a van down by the river.
Technology has exploded since 128k modems in 2000. People are writing algos in Python to trade for them these days, and many are beating some of the most successful fund managers.
Day trading is as hot as ever, and it's a zero sum game. When Buffet or Icahn eat shit to the tune of billions, the little 'Robinhood' traders are the ones that took that money from them.
Kodak man I wonder how many shareholders won’t even find out how lucky they got until their quarterly statements comes in the mail. You know cause anyone under the age of 80 that owned that had insider info lol
Trade TCCO whenever it pops up 20-50%, like it just did. Wait for it to come down and buy again. Sell each timenitmpops and you’ll make a good amount trading since they work with government security.
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