Moving the Shrimp to Fiji, if the plan works.
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It's all about saving the company and her paycheck. Shareholders, what shareholders?
A few years ago, the Real Estate was worth about $8/sh, maybe more. I think they squandered all of that for the failing retail business. And now Commercial RE is plunging. One would have said they made a great deal by getting out, if only the retail business had pulled through.
I read the newsfeed last night. I was astonished. They have 7 months of capital, which puts them through Black Friday. I am looking for proactive management, not deactivation management, so I hear your complaints. Duh.. Lets go bankrupt even though we can make It through. Yeah. I hear you.
Maybe Trump will fly over and drop money from a Helicopter?
And it was fun, too!
Broker tells me: "You did a lot of daytrading today" I could have waited a week for a 12% pop, but should I?
They should be pumping oil into the wells at these prices.
I don't know what it means either. I just trade what I see. I blinked and I missed the whole thing.
And 5 minutes later, you would have made money.
Not tracking the Futures well at all.
OTOH, If you own tankers or land based tanks. the contango would be money in the bank.
I don't know if you follow the Oil ETF's, but their problem is called "contango" They are designed for daytrading, and contango assures the proposition against long term investing. I'm out. Small gain.
Better than a poke in the eye with a sharp stick, anyway.
I got in too early yesterday, but broke even on a few barrels. Now I'm sitting on some. We'll see how it works out. I'm only daytrading the ETF.
I wish I knew where to do some storage.
Storage is the problem. In the toilet might be a great storage idea, but I was thinking buy from Saudi and pump it into US wells until the price goes back up. Or just find some tankers to hold it for a while.
Last week, could have bought the May contract, and sold June for a good spread. Just need a place to store it for a month. Today could buy that June back, and sell for $7 profit for another month. I think that's a great storage profit.
I did that. Still missed. Ask was 21.01, and I hit it. It got away quick. Oops. Happy hour is over.
LAST POST (edited.)
You said you bought $16. We're mixing numbers and times, I think.
My chart said you could have already sold for 17.55. IDK.
I don't think I'm authorized for Futures.
Thanks. I used EXT and was trying UCO, not /CL.
Why do people sleep? How?
You already missed an op to scalp. I think you'll have another before we roll into July.
I'm using TDA. I figured it wouldn't go through until 4:00 AM my time. Limited hours of trading sucks. Otherwise, I like the platform.
If I was trading the futures, It would have went, but I'm not authorized. I don't want the paperwork.
Broker rejected my order. Why am I not surprised? Crooks.
$16.70 now. Maybe I buy?
I wonder how booger is doing. I managed to dodge contango and a R/S on my oil. I have the cash to buy my Box shares back. Oh, and my shrimp are kicking ass.
Management is reminding me of the sloth painting a tandem bicycle
Covid 19 won. Shorts just happened to be in the right place. JCP and Congress proactive could be the story, but maybe in the next lifetime.
Trust me, I wanted to send this privately. Work the system. If you lay them off, they get an extra $600 a week in UE. If you get the loan and keep them, they probably don't get as much, and they have to work. Give it serious thought.
If you paid taxes, you get a check, personally. All of your employees get checks. Socialism wants your business to fail so the government can take it over. If you and your employees aren't getting checks, let me know. When the army marches in and puts your people to work cleaning the streets and washing windows, let me know. Then we can call it Socialism. In the mean time, we'll call it Freebieism.
Everybody is getting paid for doing nothing. You don't get paid for doing something. That's why your SBA loan failed.
Stay safe. Stay healthy, and STAY HOME!
Remember how we felt about the GM bailout? Make America "grate" again.
Just borrow more money and install gold plated sinks. That will fix it.
OTOH, I hear this Trump guy has real estate experience. I wonder how those Hotels are faring? Covid, or Covfefe? That's the real question.
I just remembered the catch phrase they used back in the day.
"Too big to fail" LOL
It might be weeks or months away. Have to get the bailout through congress. Jilly just tells the BH's to wait. Might have to elect Biden to get it passed.
We can't have America without JCP. It just wouldn't be America.
Two tacos, poor favor.
Where's Obama when you need him? They need to turn it into a GM style buyout/bailout.
The perfect storm. Government giving out all that money, and doesn't have a high rate. They don't have to print so much to cover it. Won't have to raise taxes. Maybe the buyers will lend some to me?
How about we transpose the numbers and try 10.30?
If the workers were union, and the admin was democrat, a bailout would be a sure bet. With current congress and Exec, not so sure.
We all get paychecks for doing nothing. They should turn JCP into a government agency. Maybe that's what they are doing in secret? Then they send in the Army and make us work there. Don't you love socialism already?
Hi steaks? Pfft. Almost enough to buy a Big Mac. Couldn't even touch a good steak.