Currently own 20,000 shares of Hertz

avatar for JuiceBox69
JuiceBox69
I'm going to bust or get rich yolo

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avatar for twentyfive
twentyfive
5 years ago
You gonna have some bills to pay
avatar for mikeym
mikeym
5 years ago
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.
avatar for SanchoRG
SanchoRG
5 years ago
Jesus Juice why...

avatar for Uprightcitizen
Uprightcitizen
5 years ago
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?
avatar for Uprightcitizen
Uprightcitizen
5 years ago
I = You
avatar for shailynn
shailynn
5 years ago
can you trade all that in for like 2 shares of Tesla?
avatar for SanchoRG
SanchoRG
5 years ago
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!!
avatar for mikeym
mikeym
5 years ago
@scrub His idea of a diversified portfolio is Chesapeake, Chuck E Cheese's, Frontier Communications, Hertz, JC Penny.
avatar for winex
winex
5 years ago
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?
avatar for SanchoRG
SanchoRG
5 years ago
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.
avatar for SanchoRG
SanchoRG
5 years ago
TQQQ puts rather.
avatar for JuiceBox69
JuiceBox69
5 years ago
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 !!!!!!
avatar for winex
winex
5 years ago
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".
avatar for SanchoRG
SanchoRG
5 years ago
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.
avatar for winex
winex
5 years ago
On the bright side, that does offer a quicker path to 0
avatar for grand1511
grand1511
5 years ago
Do you own those shares or just rent them?
avatar for SanchoRG
SanchoRG
5 years ago
Juice probably asleep after eating all those Hertz Donuts this morning lol
avatar for winex
winex
5 years ago
So, did you buy the leaps?
avatar for Uprightcitizen
Uprightcitizen
5 years ago
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.
avatar for misterorange
misterorange
5 years ago
@Juice
You should invest in MackTruck's shit truck business. Maybe he could help you unload some of the shit you're full of.
avatar for Cashman1234
Cashman1234
5 years ago
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.
avatar for twentyfive
twentyfive
5 years ago
@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
avatar for SanchoRG
SanchoRG
5 years ago
Hurtz
avatar for Mate27
Mate27
5 years ago
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.
avatar for MackTruck
MackTruck
5 years ago
Fuck you Jackie!
avatar for twentyfive
twentyfive
5 years ago
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, !
avatar for SanchoRG
SanchoRG
5 years ago
https://i.imgur.com/seuqx3W.jp…

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.
avatar for Mate27
Mate27
5 years ago
^^ 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).
avatar for RandomMember
RandomMember
5 years ago

"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."

https://www.wsj.com/articles/e…

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).
avatar for shailynn
shailynn
5 years ago
^^ yep even Juice is jumping on and he doesn’t even own a computer!!!
avatar for Cashman1234
Cashman1234
5 years ago
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.
avatar for SanchoRG
SanchoRG
5 years ago
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.
avatar for Cashman1234
Cashman1234
5 years ago
It’s definitely not hot! Lol! That’s funny!

Folks who outpace fund managers are the exception - and not the rule.
avatar for SanchoRG
SanchoRG
5 years ago
People that outperform index funds are the exception, not the rule. Including active fund managers.
avatar for SanchoRG
SanchoRG
5 years ago
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
avatar for winex
winex
5 years ago
@SanchoRG - by the time quarterly statements are mailed out, the gains in Kodak over the past 3 days will be gone.
avatar for winex
winex
5 years ago
You also only die once...
avatar for Techman
Techman
5 years ago
HTZ up $.06 = 4%
CAR up $.06 = .05%
Cash with $120.00 in one day = ? LD's
avatar for Techman
Techman
5 years ago
RICK and CCL up 5 to 6% today, I'm holding.
avatar for Techman
Techman
5 years ago
Desert, you SOLD short at 50 and BOUGHT long 28. You can not buy short shares.
avatar for Mate27
Mate27
5 years ago
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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