I'm going to bust or get rich yolo
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Currently own 20,000 shares of Hertz
Jul 23, 2020, 4:50 PM
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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.
Jesus Juice why...
Damn Juice, all-in pfft. You are supposed to say I tapped your margin account to the max and put it all in Hertz. Where are your ballz?
I = You
can you trade all that in for like 2 shares of Tesla?
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!!
@scrub His idea of a diversified portfolio is Chesapeake, Chuck E Cheese's, Frontier Communications, Hertz, JC Penny.
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.
TQQQ puts rather.
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.
On the bright side, that does offer a quicker path to 0
Do you own those shares or just rent them?
Juice probably asleep after eating all those Hertz Donuts this morning lol
So, did you buy the leaps?
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.
@Juice You should invest in MackTruck's shit truck business. Maybe he could help you unload some of the shit you're full of.
Hertz has the same upside as scratch off tickets. Most of those shares will only be useful to wipe your ass in a few months.
@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
Hurtz
Juice? If you post a picture of your brokerage statement that shows these shares with Jackie attached to it, then maybe we can believe you.
Fuck you Jackie!
Keep buying Juice, the longer you prop up the stock, the more time the principles have to sell cars at a loss and pocket the proceeds, !
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."
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).
^^ yep even Juice is jumping on and he doesn’t even own a computer!!!
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.
It’s definitely not hot! Lol! That’s funny!
Folks who outpace fund managers are the exception - and not the rule.
People that outperform index funds are the exception, not the rule. Including active fund managers.
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
@SanchoRG - by the time quarterly statements are mailed out, the gains in Kodak over the past 3 days will be gone.
You also only die once...
HTZ up $.06 = 4% CAR up $.06 = .05% Cash with $120.00 in one day = ? LD's
RICK and CCL up 5 to 6% today, I'm holding.
Desert, you SOLD short at 50 and BOUGHT long 28. You can not buy short shares.
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.
You gonna have some bills to pay