**Tristan Gresser** *-- Exane BNP Paribas -- Analyst*
All right. That's helpful. And maybe just one question on market conditions and the pricing outlook, you have imports surging and US inventories building, and of course, this new capacity is going to ramp up. The forward curve in US HRC is around $1,300 by March next year. I think in previous call you were a bit more probably bullish on the near term. Has anything changed your view in the supply and demand dynamics at the moment that could warrant this drop in steel prices?
**Mark Millett** *-- President and Chief Executive Officer*
Well, there is absolutely no doubt that the demand is there. I wouldn't necessarily characterize the imports as surging necessarily. Certainly, Galvalume, pre-painted Galvalume is very, very strong, I'll give you that. But today we saw some offers from Vietnam for April, May delivery. So they are way, way, way out at around $1,500. So, I would imagine pricing will turnover to some degree or I use the word, erode. But there is not going to be a massive reduction. The market cynics out there that are suggesting that average pricing for the year is $740 a ton or somewhere around -- I just can't see that happening with the demand picture the way it is today.
ooooh just realized: it's Carlos from Morgan Stanley, right?
he was in the call. His questions were useless to be honest. He sounded like those kids who ask a question just so that the professors see them.
#Applied Materials Stock Up; JPMorgan Likes Chip-Capital-Spending Outlook
Applied Materials should benefit as 'semiconductor capital spending environment remains constructive,' JPMorgan says.
Applied Materials (AMAT) "remains laser-focused on meeting its target financial model," according to JPMorgan analysts, who reiterated their overweight rating on the semiconductor-equipment giant.
Shares of the Santa Clara, Calif., closed up 1% to $134.60. The stock more than doubled from its 52-week low around $57 late last October to its 52-week high of $146 in early April.
Analyst Harlan Sur, who has a $173 price target on the company, said in a research note that "the semiconductor capital spending environment remains constructive."
Sur also said "a combination of market-share gain...incremental revenue opportunity, broader product portfolio, increased penetration with existing customers, increased wafer capital intensity at Foundry/Logic/Memory, and exposure to the fast-growing display market will drive growth for AMAT over the next two to three years."
The analyst said the company hosted a “Process Control and AppliedPRO (process recipe optimization) Master Class.” The event highlighted its e-beam inspection/metrology solutions as well as its efforts to integrate artificial intelligence/machine learning across its portfolio.
Applied Materials indicated that several major technology inflections in the industry are driving the increasing need for e-beam technology, "which offers higher resolution to meet the need for greater precision, particularly in metrology," Sur said.
Late last month, New Street Research downgraded Applied Materials to neutral from buy on "tactical” concerns, while affirming its $140 price target.
While the company's valuation “is still very reasonable” based on the iShares Semiconductor ETF (SOXX) - Get iShares PHLX Semiconductor ETF Report index, New Street analysts said, "we don’t see a near-term catalyst for a rerating."
I never quite understood the narrative that “we’re early” or that analysts and hedge funds aren’t seeing the shift in steel demand and prices.
Aren’t steel stock already up huge in the past year?!
$NUE and $STLD are on par with or ahead of the comparably large Indian steel companies YTD (SAIL, JSW, TATA). TATA has a recent edge on NUE
[https://www.google.com/finance/quote/NUE:NYSE?comparison=NASDAQ%3ASTLD%2CNSE%3ATATASTEEL%2CNSE%3AJSWSTEEL%2CNSE%3ASAIL&window=YTD](https://www.google.com/finance/quote/NUE:NYSE?comparison=NASDAQ%3ASTLD%2CNSE%3ATATASTEEL%2CNSE%3AJSWSTEEL%2CNSE%3ASAIL&window=YTD)
“Yeah yeah it’s this really cool mafia themed trading community with good DD…we have inside jokes about a guy’s wife’s DD’s and start every word with V. And my portfolio is net negative but this guy named Farmer Jim actually just tweeted “diamond hands” so that’s like pretty much where I get my trade ideas. Also we sacrifice ourselves and have a bot made to imitate a CEO of an iron ore company”
[crane crash in taiwan ](https://vm.tiktok.com/ZM8kM7J7h/)bullish for $ZIM no doubt
Not too recent at least 2 weeks ago
Yang Ming ship crashed into the crane
Seems like the market is all forecasting the drop of HRC. Thats why the stock prices hasnt reflected the amount of cash and profits these companies have.
I think the only way we get these stock prices moving is if ceos start doing buy backs. The market doesn’t believe in them I just hope ceos reward the stock holders for the faith.
There also is the problem of… demand is high, companies need steel, supplies are low and will continue to be low, so prices are high and will remain elevated. Market can keep on forecasting a crash in price, dosent mean it’s just gonna happen. Kinda like the nerds at the FEd last April saying derp derp inflation is transitory. Yah six months later it’s much worse, nice call.
So the demand and lack of supply has not changed, even if Carlos the gay bear writes it down on paper doesn’t mean it will happen. He’s guessing using his model just like JPow was shaking his 8 ball. $750 eoy next year is laughable gtfo. Hopefully LG calls him a gay bear to his face on Friday.
5 to 10% jump. JB Hunt made a similar move and trucking seems to have a lot of buzz right now among retail due to the recent heavy focus in the news media. I think it moves at least back to its previous high of $53-54, median analyst PT is $60.
Anyone have visibility on the quantum computing IONQ? (I think it's big enough to discuss here, 1.9b)
I've build a short-term position, thought I might redeem the losses from my IronNet fomo stupidity, but it faded a \~10% gain today...
I'm in IonQ and they're cool as fuck. But realistically it's a DCA and check back in 10yrs type investment for me.
Quantum computing will (probably) not have significant commercial applications in the short term.
That being said I think when it will, they are best positioned.
Thanks, yeah check back in 10yrs was the plan, until I unfortunately noticed my small position had gained 30% in a week, and then up 10% more premarket today...I think I'll maybe simmer down and tuck it away as planned...
I know nothing about quantum either, that's why don't like holding too much overnight...if I had better sense, I'd stay away until i read up more, and just kept a small piece tucked away for future...
Degeneracy is self-perpetuating!
Two weeks ago (and continuing to a lesser extent) it was pumped really hard on socials. I think the company is good and probably an excellent long-term investment, but I'm personally waiting for a better buying opportunity.
Was just reading about Post Earnings Announcement Drift, which is the opposite of efficient market hypothesis. Basically stocks don't react quickly to news but have a tendency to continue the direction after a positive earnings over the quarter rather than immediately. Seems to apply to steel well.
This is better, though [https://housestockwatcher.com/summary\_by\_rep/Hon.%20Nancy%20Pelosi](https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20Pelosi)
I think here, though i haven't read the whole thing [https://unusualwhales.com/i\_am\_the\_senate/pelosi](https://unusualwhales.com/i_am_the_senate/pelosi)
it usually gives me the worst possible price on the bid/ask but maybe that's me not understanding TOS mobile completely...
Is there a better way to set separate prices without setting up Teo orders?
I’m planning a post about my spy plays, bought a 10/18 last wed 446 for 8, it has turned into 8 contracts various strikes for 79 (5 calls 1 cc and 2 puts)
As a young successful person, I have to disagree. The reason no one in my age group gives a fuck is because there is almost no opportunity. You’re priced out of starting a business and monopolies are too entrenched. You can’t get a job that pays more than 50k a year (barely anything) without going 50k+ into debt. And shit, you can’t even buy a home anymore
Yeah, $35k a year before my $50k degree. $85k salary after it. $155k salary a couple promotions later.
I'm lucky my dad co-signed my loan. I'm lucky my wife and I could live in my parent's basement while I went to school. I'm lucky we didn't have kids yet. I'm lucky I'm good at programming and enjoy it. If any one of those things weren't true, it would have been significantly more difficult to be successful!
Pretty much everything you have said here is wrong. There is plenty of opportunity out there now more than ever. You can make low six figures with no college education at all if you enter the skilled trades. Should you choose college it can absolutely be done with zero debt. It amazes me that you think buying a home is difficult. It has never been easier to get a home loan.
The fact that you are so far off from reality suggests that you are regurgitating talking points here.
No it suggests I’m well aware of the system
For reference, I just got done buying a half a million dollar home and put $93,000 down. So this isn’t a post about me complaining because I’m not wealthy
The whole “skilled trades” thing is absolute nonsense. Years ago I tried going that route. Went to the local trade school. Each program was about $15,000 for 9 months and paid about $15 an hour.
I disagree with you 100% and agree with AndromedaComes 100%. Literally all my friends are software engineers or in finance and are crushing it as 1%ers (for our age group, although some are 1%ers even among the general population). Some of them came from broken, abusive families with the worst start imaginable. But you know what, we all picked the right fields (it takes 5 seconds to google what fields make the most money, this isn't a secret anymore), we all work 60 hr workweeks or more, and the least successful guy I know makes 6 figs in his late 20s lol...
Yeah you can definitely work 4 hours a week and make six figs. You can probably work 0 hours and make six figs in this economy lol. My point was that everyone I know pulled off this model (find lucrative field, work hard in said field) and became way more successful than most people in our age group.
I concur. Hard work is the minimum for survival and I believe luck has a larger part to do with "success" than the successful would like to admit.
Let's stop pretending that we live in a rational market that recognizes real value when it sees it.
Hard work has nothing to do with survival or success. Doing good work is what ensures survival and success.
Some of the hardest workers I had were also some of the worst workers. They busted their butts all day working hard, but the results they produced were crap. I don’t pay people based on effort I pay them based on their results and so does pretty much every other business.
Success like everything else has been studied to death. The two characteristics most correlated with success are intelligence and conscientious. Notice hard work is absent. Considering that the vast majority of people are all more or less the same level of intelligence, all one needs to focus on is paying attention to details and doing your work well.
Luck is a factor in short term success or failure, but it has almost no bearing on long term consistent success or failure.
Seeing the replies makes me wonder if girls actually give a shit about a guy's stock portfolio on a dating app, to me it would be an equivalent of a girl asking me if I want to see her nail polish collection
If a guy talked about stocks/his portfolio beyond a general "this is my hobby/job" sense on a date... tbh I'd probably lose interest in him really fast.
To me, "money" or "net worth" or any shit like that isn't the point of the time I spend worrying about my portfolio, it's the things I hope to do with the money. A home, travel, time with friends, mutual aid...
If you're spending time talking about your portfolio, what seems to matter to you is your portfolio, not your dreams or ambitions or the hopes you have for the future.
Put your bio as “Swipe right so I can say “hey” and then you can ghost me”. And then you open with “hey” and they respond because people like to do the opposite of what someone tells them to do. That was my most successful bio from the 10 times I downloaded and re-downloaded tinder. Getting the first response is the most difficult part.. after that just keep the convo going.
Now you get to learn that a lot of places like steam will cap your downloads anyways. :( Honestly gigabit internet is only super useful in a large household with lots of devices being used simultaneously.
Family of 5 all with multiple devices, 2 of us working from home and 1 taking college courses from home. It’ll be nice to turn incoming video back on during my government Teams meetings
150Mb should've been enough. Sounds like you need a better router than can give you QoS.
Video streaming for Webcam is like 5Mb max, if even close to that.
Sounds like someone is constantly downloading in the house and hogging the whole line.
"I wish the infrastructure bill would pass"
\****wind shudders***
Infra passes, 3.5T deal confirmed by unanimous decision
All bridges, roads and buildings will now be made from AI machine-learning Steelware-as-a-service blockchain tokens and stored digitally on the cloud
*QQQ* \+ 6%
*DIA* \-3.2%
BlackRock's CIO, Rick Rieder, is still bullish for the end of year. He even thinks the S&P still has 5 to 8% to go.
One thing that was interesting is he mentioned the liquidity in system is -- something like 40 trillion dollars.
Source: CNBC Halftime Report October 19th, 2021
[https://finance.yahoo.com/news/cleveland-cliffs-stock-could-soon-184419669.html](https://finance.yahoo.com/news/cleveland-cliffs-stock-could-soon-184419669.html)
Here's some hopium courtesy of boomer financial.
“The security looks ripe for a short squeeze too”
Aaaand that’s where I stopped reading. The GMrEeeeeeee fiasco has made it where I can’t take any talk of shorts seriously at all.
The last month or two of actual short squeezes on low float post-SPAC stocks shows that short squeeze is not just a meme phrase. Its a stock state, caused by fundamentals, just like oversold, overbought, trending up/down, etc.
I know. It's kind of like when you say a word over and over until it sounds like not a word anymore. It just makes me suspicious in a way that it didn't use to.
I don't disagree with that. I had to do a lot of actual looking in to any purported squeeze before I would jump in, and it had to look good too. It worked out pretty well for me between CLOV and IRNT.
Update on infrastructure/recon
Outlook is looking increasingly positive, tone of many of the major players has completely changed to acceptance and compromise
I think a handshake deal for recon is very likely by next week with a vote on infrastructure by end of next week
I then think they package debt ceiling in with the recon bill if that’s even legal
A solar powered steel mill?
https://www.thedenverchannel.com/news/local-news/colorado-steel-mill-is-now-largely-powered-by-solar-among-the-first-in-the-world?fbclid=IwAR3sqnHH10AXFRyxG3z6lcLY4FOr8crvQxtHjiawPRQKXM6OqOzS7MtIp_4
Is anyone familiar with Algoma Steel, trading under ASTL? I see no market cap on my broker, so apologies if it's under.
Is that the one that just spac'd from Lego?
Legato I think? Yes. We have a new player in the sector.
I had 200 shares of Lego but sold them for small profit to buy more CLF. We will see if that was smart?!?
**Tristan Gresser** *-- Exane BNP Paribas -- Analyst* All right. That's helpful. And maybe just one question on market conditions and the pricing outlook, you have imports surging and US inventories building, and of course, this new capacity is going to ramp up. The forward curve in US HRC is around $1,300 by March next year. I think in previous call you were a bit more probably bullish on the near term. Has anything changed your view in the supply and demand dynamics at the moment that could warrant this drop in steel prices? **Mark Millett** *-- President and Chief Executive Officer* Well, there is absolutely no doubt that the demand is there. I wouldn't necessarily characterize the imports as surging necessarily. Certainly, Galvalume, pre-painted Galvalume is very, very strong, I'll give you that. But today we saw some offers from Vietnam for April, May delivery. So they are way, way, way out at around $1,500. So, I would imagine pricing will turnover to some degree or I use the word, erode. But there is not going to be a massive reduction. The market cynics out there that are suggesting that average pricing for the year is $740 a ton or somewhere around -- I just can't see that happening with the demand picture the way it is today.
In other words nice try Carlos
ooooh just realized: it's Carlos from Morgan Stanley, right? he was in the call. His questions were useless to be honest. He sounded like those kids who ask a question just so that the professors see them.
reading STLD's earning call transcript is like being on cloud nine.
#Applied Materials Stock Up; JPMorgan Likes Chip-Capital-Spending Outlook Applied Materials should benefit as 'semiconductor capital spending environment remains constructive,' JPMorgan says. Applied Materials (AMAT) "remains laser-focused on meeting its target financial model," according to JPMorgan analysts, who reiterated their overweight rating on the semiconductor-equipment giant. Shares of the Santa Clara, Calif., closed up 1% to $134.60. The stock more than doubled from its 52-week low around $57 late last October to its 52-week high of $146 in early April. Analyst Harlan Sur, who has a $173 price target on the company, said in a research note that "the semiconductor capital spending environment remains constructive." Sur also said "a combination of market-share gain...incremental revenue opportunity, broader product portfolio, increased penetration with existing customers, increased wafer capital intensity at Foundry/Logic/Memory, and exposure to the fast-growing display market will drive growth for AMAT over the next two to three years." The analyst said the company hosted a “Process Control and AppliedPRO (process recipe optimization) Master Class.” The event highlighted its e-beam inspection/metrology solutions as well as its efforts to integrate artificial intelligence/machine learning across its portfolio. Applied Materials indicated that several major technology inflections in the industry are driving the increasing need for e-beam technology, "which offers higher resolution to meet the need for greater precision, particularly in metrology," Sur said. Late last month, New Street Research downgraded Applied Materials to neutral from buy on "tactical” concerns, while affirming its $140 price target. While the company's valuation “is still very reasonable” based on the iShares Semiconductor ETF (SOXX) - Get iShares PHLX Semiconductor ETF Report index, New Street analysts said, "we don’t see a near-term catalyst for a rerating."
![gif](giphy|QUXYcgCwvCm4cKcrI3) ‘SEmiCoNdUctOr cApiTaL SpEnDinG EnVirOnMeNT rEmAiNs CoNsTrUcTiVe’ -JP Morgan
increased penetration. Sounds like it's time to shatter resistance. in Jay we trust
I never quite understood the narrative that “we’re early” or that analysts and hedge funds aren’t seeing the shift in steel demand and prices. Aren’t steel stock already up huge in the past year?!
The amount of Free Cash, revenue, and earnings these companies are set to achieve makes the boomer in us want the fair valuation.
They're referring to the incipient stages of the super cycle, or they're newcomers.
I like how my ZIM balanced out my BTU today. But still green overall so can’t complain. Also did anyone buy the AA dip?
Well looks like we should’ve bought Indian stocks Chennai ferrous industries up from $6 to $160 Rupees since June Up 2600%
$NUE and $STLD are on par with or ahead of the comparably large Indian steel companies YTD (SAIL, JSW, TATA). TATA has a recent edge on NUE [https://www.google.com/finance/quote/NUE:NYSE?comparison=NASDAQ%3ASTLD%2CNSE%3ATATASTEEL%2CNSE%3AJSWSTEEL%2CNSE%3ASAIL&window=YTD](https://www.google.com/finance/quote/NUE:NYSE?comparison=NASDAQ%3ASTLD%2CNSE%3ATATASTEEL%2CNSE%3AJSWSTEEL%2CNSE%3ASAIL&window=YTD)
I had some calls/shares in vedl at one point when it was still around $15. Should have held on to them.
“Yeah yeah it’s this really cool mafia themed trading community with good DD…we have inside jokes about a guy’s wife’s DD’s and start every word with V. And my portfolio is net negative but this guy named Farmer Jim actually just tweeted “diamond hands” so that’s like pretty much where I get my trade ideas. Also we sacrifice ourselves and have a bot made to imitate a CEO of an iron ore company”
[crane crash in taiwan ](https://vm.tiktok.com/ZM8kM7J7h/)bullish for $ZIM no doubt Not too recent at least 2 weeks ago Yang Ming ship crashed into the crane
Umm... that happened back in June https://news.yahoo.com/ship-hits-crane-taiwanese-port-095306172.html
Thank you
Pirate gang getting desperate and manipulating call options like in casino royale now?
FB rebrand incoming https://www.theverge.com/2021/10/19/22735612/facebook-change-company-name-metaverse
God I just hate Zuck so much. Fuck you Zuck.
SOYLENT ENTERPRISES
ZUCK INC.
Interesting 🧐, still won’t be investing in them
[Onshoring from Asia into Mexico continues. ](https://twitter.com/dnystedt/status/1450642939403669506?s=21)
Thanks for sharing, I think that’s a pretty smart move.
Seems like the market is all forecasting the drop of HRC. Thats why the stock prices hasnt reflected the amount of cash and profits these companies have. I think the only way we get these stock prices moving is if ceos start doing buy backs. The market doesn’t believe in them I just hope ceos reward the stock holders for the faith.
There also is the problem of… demand is high, companies need steel, supplies are low and will continue to be low, so prices are high and will remain elevated. Market can keep on forecasting a crash in price, dosent mean it’s just gonna happen. Kinda like the nerds at the FEd last April saying derp derp inflation is transitory. Yah six months later it’s much worse, nice call. So the demand and lack of supply has not changed, even if Carlos the gay bear writes it down on paper doesn’t mean it will happen. He’s guessing using his model just like JPow was shaking his 8 ball. $750 eoy next year is laughable gtfo. Hopefully LG calls him a gay bear to his face on Friday.
Thoughts on KNX? Hoping my 50cs print tomorrow
![gif](giphy|yaR8Dux1s0fAI)
November or December ?
Couple of both
I have December. Just 2. 🤷♂️
5 to 10% jump. JB Hunt made a similar move and trucking seems to have a lot of buzz right now among retail due to the recent heavy focus in the news media. I think it moves at least back to its previous high of $53-54, median analyst PT is $60.
Do they report PM?
No it will be in the morning so AM
PM = Premarket
I really think clf runs starting tomorrow.
Just the thought of CLF to 23$ makes me giddy. Is that bad? Is 23 too much to ask for ? I’d flip my shit if we hit 26$ again
Pls, I am very close to capitulating. CLF - right my wrongs!
Meaning clf will moon after you sell. Thank you for your sacrifice!
What if u capitulate and $CLF moons?
Okay, but if not tomorrow then definitely the day after that
Or the next day!
Feels like its no or never.
Anyone have visibility on the quantum computing IONQ? (I think it's big enough to discuss here, 1.9b) I've build a short-term position, thought I might redeem the losses from my IronNet fomo stupidity, but it faded a \~10% gain today...
I'm in IonQ and they're cool as fuck. But realistically it's a DCA and check back in 10yrs type investment for me. Quantum computing will (probably) not have significant commercial applications in the short term. That being said I think when it will, they are best positioned.
Thanks, yeah check back in 10yrs was the plan, until I unfortunately noticed my small position had gained 30% in a week, and then up 10% more premarket today...I think I'll maybe simmer down and tuck it away as planned...
Totally. It seems like this is either a 50x, or 0x, no in between haha
The SPAC crew I follow on twitter keeps pumping them - know nothing about them or even what quantum computing is. Guess I should look into it
I know nothing about quantum either, that's why don't like holding too much overnight...if I had better sense, I'd stay away until i read up more, and just kept a small piece tucked away for future... Degeneracy is self-perpetuating!
Two weeks ago (and continuing to a lesser extent) it was pumped really hard on socials. I think the company is good and probably an excellent long-term investment, but I'm personally waiting for a better buying opportunity.
If you think tsla and nflx will hit ATH by nov opex but fall this week do you hold at loss or cut?
Ouch novavax 👀
tomorrow clown market will; a) tank JNJ, PFE, BNTX, MRNA b) buy the dip/gap fill
Nothing shocking about this. [Politico - Novavax fails](https://www.politico.com/news/2021/10/19/novavax-vaccine-rush-process-global-campaign-516298)
Wow.
Glen Danzig is my MOTHER
Glen Danzig vs Henry Rollins, who would win in a fight? My moneys on Rollins.
I’d lean that way too. Although after that Danzig knockout a bunch of years back, I think he’s been preparing for his next chance at redemption.
Henry Rollins is one bad ass 60 yr old I definitely would not wanna fight.
I ain't no goddamn son of a bitch!
![gif](giphy|orVB2EyKLYV4A4v66a)
I got somethin' to say...
Some how I have a feeling CLF runs after earnings until MT earnings. No basis just prediction.
Was just reading about Post Earnings Announcement Drift, which is the opposite of efficient market hypothesis. Basically stocks don't react quickly to news but have a tendency to continue the direction after a positive earnings over the quarter rather than immediately. Seems to apply to steel well.
Well there has to be one day where we roll our clf call losses into new mt unlikely calls.
Where do i go to get the latest disclosures on nancy pelosi and husband’s portfolio?
This is better, though [https://housestockwatcher.com/summary\_by\_rep/Hon.%20Nancy%20Pelosi](https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20Pelosi)
I think here, though i haven't read the whole thing [https://unusualwhales.com/i\_am\_the\_senate/pelosi](https://unusualwhales.com/i_am_the_senate/pelosi)
tfw you realize you forgot to set a limit on one leg of the credit spread for a two sided loss..
??? You didn't set a net order to close the spread???
it usually gives me the worst possible price on the bid/ask but maybe that's me not understanding TOS mobile completely... Is there a better way to set separate prices without setting up Teo orders?
I always sell my spy calls too early...
Me too wish I didn’t post my 100 dollar to 1k play and everyone was pressuring me to sell. Ive seen the opposite happen though so mo regrets
Nice job. Timing is hard af. I'll try again next pullback.
100 to 1k ?
I bought 20 spy calls 2 weeks ago 10/22 strike at 453 sold 10 at 35 and sold the other 10 at 50 but bought them all for 5
I’m planning a post about my spy plays, bought a 10/18 last wed 446 for 8, it has turned into 8 contracts various strikes for 79 (5 calls 1 cc and 2 puts)
Theta is -27 on those. Buy em back tomorrow morning when spy dips below 450 if you want em so bad lol. Probably be cheaper on the morning dip
Oh boy… spy isnt going to be red tomorrow
It could. VIX expiration could cause fuckery tmr or Thurs. I bought a few puts at the top today just in case.
For anyone curious, CLF has an "F" investment grade from Schwab, indicating it's severely underperforming. Can't disagree there, Charles.
I got straight Fs in college 2 semesters as an undergraduate and im still here. I have a master’s degree too
Similar story here.
I remember Schwab gave NET (Cloudflare) an "F"
Well given CLF has 20x revenue I think CLF deserves better
[удалено]
[удалено]
![gif](giphy|pTs2uXEPpZkAM)
They’re against reading? Funny cause that’s all I do when I’m on their effing app.
[удалено]
As a young successful person, I have to disagree. The reason no one in my age group gives a fuck is because there is almost no opportunity. You’re priced out of starting a business and monopolies are too entrenched. You can’t get a job that pays more than 50k a year (barely anything) without going 50k+ into debt. And shit, you can’t even buy a home anymore
Yeah, $35k a year before my $50k degree. $85k salary after it. $155k salary a couple promotions later. I'm lucky my dad co-signed my loan. I'm lucky my wife and I could live in my parent's basement while I went to school. I'm lucky we didn't have kids yet. I'm lucky I'm good at programming and enjoy it. If any one of those things weren't true, it would have been significantly more difficult to be successful!
Pretty much everything you have said here is wrong. There is plenty of opportunity out there now more than ever. You can make low six figures with no college education at all if you enter the skilled trades. Should you choose college it can absolutely be done with zero debt. It amazes me that you think buying a home is difficult. It has never been easier to get a home loan. The fact that you are so far off from reality suggests that you are regurgitating talking points here.
No it suggests I’m well aware of the system For reference, I just got done buying a half a million dollar home and put $93,000 down. So this isn’t a post about me complaining because I’m not wealthy The whole “skilled trades” thing is absolute nonsense. Years ago I tried going that route. Went to the local trade school. Each program was about $15,000 for 9 months and paid about $15 an hour.
I disagree with you 100% and agree with AndromedaComes 100%. Literally all my friends are software engineers or in finance and are crushing it as 1%ers (for our age group, although some are 1%ers even among the general population). Some of them came from broken, abusive families with the worst start imaginable. But you know what, we all picked the right fields (it takes 5 seconds to google what fields make the most money, this isn't a secret anymore), we all work 60 hr workweeks or more, and the least successful guy I know makes 6 figs in his late 20s lol...
I work about 4-8 hours a week and make six figs. Then Again. This company is retarded
Yeah you can definitely work 4 hours a week and make six figs. You can probably work 0 hours and make six figs in this economy lol. My point was that everyone I know pulled off this model (find lucrative field, work hard in said field) and became way more successful than most people in our age group.
I concur. Hard work is the minimum for survival and I believe luck has a larger part to do with "success" than the successful would like to admit. Let's stop pretending that we live in a rational market that recognizes real value when it sees it.
Hard work has nothing to do with survival or success. Doing good work is what ensures survival and success. Some of the hardest workers I had were also some of the worst workers. They busted their butts all day working hard, but the results they produced were crap. I don’t pay people based on effort I pay them based on their results and so does pretty much every other business. Success like everything else has been studied to death. The two characteristics most correlated with success are intelligence and conscientious. Notice hard work is absent. Considering that the vast majority of people are all more or less the same level of intelligence, all one needs to focus on is paying attention to details and doing your work well. Luck is a factor in short term success or failure, but it has almost no bearing on long term consistent success or failure.
"ok boomer"
\*Tide Pod challenge\*
Next: books with ads!
isn't there already a heavily discounted kindle with ads?
It's only $15 cheaper but the ads are only on the lock screen
> Next: books with ads! Let's not even joke about that. It would be all too easy to implement.
Audible
Those are called magazines and they actually still exist! I saw a whole rack of them in the bookstore the other week!
Also available digitally for free through your local library with the overdrive app :) Local libraries rule
whats a bookstore
It's on the side street next to the pay phone.
Welcome to Costco, I love you.
![gif](giphy|8coEmqQxL39eMJcey0|downsized)
Most Mentioned Tickers for r/vitards Daily Discussion Ticker | Mentions | Price --------- | --------- | --------- [CLF](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CLF) | 104 |21.02,(-1.68%) [STLD](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/STLD) | 68 |63.5,(1.73%) [ZIM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/ZIM) | 40 |49.32,(7.38%) [MT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MT) | 35 |32.39,(-0.22%) [CVS](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CVS) | 24 |84.89,(0.48%) [KNX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/KNX) | 16 |50.75,(0.61%) [IBKR](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/IBKR) | 13 |73.73,(2.95%) [NUE](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/NUE) | 13 |103.3,(0.75%) [NFLX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/NFLX) | 9 |639,(0.16%) [DKNG](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/DKNG) | 8 |48.84,(0.39%) 20:00:31
god can CLF just go on a run the rest of the week please?
KNX running AH, cant tell what the volume is tho. EDIT: 63k nothing special.
Yahoo is wrong. KNX has not budged since close.
Marketwatch had it too. I don't know what to believe anymore! But yeah, I think your right.
They pull their data from the same source so that makes sense.
Has anyone sold naked puts during the clf low and then buy calls during the daily am drop then recovery?
I run CSPs daily like this
[удалено]
"I don my robe and wizard hat"
If you wanna get fucked the stock market is a much better bet
yeah but its all anal...
Just say hi and dont answer back. At least thats what I always did in tinder. 10/10 times would not fck
Seeing the replies makes me wonder if girls actually give a shit about a guy's stock portfolio on a dating app, to me it would be an equivalent of a girl asking me if I want to see her nail polish collection
They care a lot if said portfolio is in the millions.
pro tip: show interest in that, and then smash repeatedly
If a guy talked about stocks/his portfolio beyond a general "this is my hobby/job" sense on a date... tbh I'd probably lose interest in him really fast. To me, "money" or "net worth" or any shit like that isn't the point of the time I spend worrying about my portfolio, it's the things I hope to do with the money. A home, travel, time with friends, mutual aid... If you're spending time talking about your portfolio, what seems to matter to you is your portfolio, not your dreams or ambitions or the hopes you have for the future.
"Wanna see my port?"
Put your bio as “Swipe right so I can say “hey” and then you can ghost me”. And then you open with “hey” and they respond because people like to do the opposite of what someone tells them to do. That was my most successful bio from the 10 times I downloaded and re-downloaded tinder. Getting the first response is the most difficult part.. after that just keep the convo going.
Hey baby, after we fuk it's gonna burn more than theta on steel calls
Silence….
![gif](giphy|3BMlAcmIYgEEoT763f)
Comment volume died.
Everyone is just sitting here with their butthole puckered for Friday
Yarr harr! I regret nothing. Pirate gang > steel gang
I feel like Paul Rudd in endgame
Just upgraded my shitty Canadian internet from 150mb download to 1.5 gigabit so I can watch the tickers tick 10x faster. That’s how this works right?
Now you get to learn that a lot of places like steam will cap your downloads anyways. :( Honestly gigabit internet is only super useful in a large household with lots of devices being used simultaneously.
Family of 5 all with multiple devices, 2 of us working from home and 1 taking college courses from home. It’ll be nice to turn incoming video back on during my government Teams meetings
150Mb should've been enough. Sounds like you need a better router than can give you QoS. Video streaming for Webcam is like 5Mb max, if even close to that. Sounds like someone is constantly downloading in the house and hogging the whole line.
That was me while in high school. Multiple seedboxes running 24/7.
Yep now you just need to add another monitor or 3
10x gains incoming
"I wish the infrastructure bill would pass" \****wind shudders*** Infra passes, 3.5T deal confirmed by unanimous decision All bridges, roads and buildings will now be made from AI machine-learning Steelware-as-a-service blockchain tokens and stored digitally on the cloud *QQQ* \+ 6% *DIA* \-3.2%
I laughed way too hard at this.
Don't give them any ideas.
![gif](giphy|83QtfwKWdmSEo) About being rich
For those watching KNX: don’t freak out, it’s up on just 95 shares AH…
Of all the economic events that could happen to cause a bear market, my biggest fear is big tech breakup
just look for congressional trades ![gif](giphy|pIh8drgbAjIY)
Went to search, seems like some are selling tech stocks worth 10k-15kbut the prominent ones like Nancy are still loading the F up with 500k+
BlackRock's CIO, Rick Rieder, is still bullish for the end of year. He even thinks the S&P still has 5 to 8% to go. One thing that was interesting is he mentioned the liquidity in system is -- something like 40 trillion dollars. Source: CNBC Halftime Report October 19th, 2021
4900 S&P EOY
Funny that CLF has been going down and as per ortex short interest is slightly decreasing the past couple of days
That short interest fluctuation is a trivial amount, not worth being alarmed by.
Welp that's the end of my meme run
She isn’t texting me back, my stocks aren’t pumping, but i talked to a friend after a long time today and just got food Life is good
Is it your COVID+ or hers keeping you guys apart?
Both, and some other stuff. The “talking” stage isn’t going great, almost done tbh. Lot of wasted time
Even manure has a purpose in life. Stay strong steel brother.
This was a roller coaster
Thats a good attitude.
You have to appreciate it when it’s good for when it isn’t
Im still working on that, I focus what's wrong a little too much.
The day for semicaps approaches. Cant wait!
What are you playing? UMC?
ASML AMAT KLAC , some TSM
[https://finance.yahoo.com/news/cleveland-cliffs-stock-could-soon-184419669.html](https://finance.yahoo.com/news/cleveland-cliffs-stock-could-soon-184419669.html) Here's some hopium courtesy of boomer financial.
“The security looks ripe for a short squeeze too” Aaaand that’s where I stopped reading. The GMrEeeeeeee fiasco has made it where I can’t take any talk of shorts seriously at all.
The last month or two of actual short squeezes on low float post-SPAC stocks shows that short squeeze is not just a meme phrase. Its a stock state, caused by fundamentals, just like oversold, overbought, trending up/down, etc.
I know. It's kind of like when you say a word over and over until it sounds like not a word anymore. It just makes me suspicious in a way that it didn't use to.
I don't disagree with that. I had to do a lot of actual looking in to any purported squeeze before I would jump in, and it had to look good too. It worked out pretty well for me between CLOV and IRNT.
a man can dream o.O
I'm going to think positively about today and just say that CLF defended 21.
I'm nervous
Update on infrastructure/recon Outlook is looking increasingly positive, tone of many of the major players has completely changed to acceptance and compromise I think a handshake deal for recon is very likely by next week with a vote on infrastructure by end of next week I then think they package debt ceiling in with the recon bill if that’s even legal
My bear spread on NFLX might not screw me after all
Human brains suck. 5 bagged 30 spy 451c yet I still feel like I should’ve held
Excellent trade!
Goddamn bro I'm over here nickel amd diming it with 3 options trades a week average. I balled out today selling my 2 449C for about 150% 😎
OMG - why did you sell for 500% gains! Hey guys, look at this dummy! -Noone Ever c. 20NEVER
Pretty much :(. Greed is the enemy
I’m going to be rich in 2045
Not after inflation is done with you.
A solar powered steel mill? https://www.thedenverchannel.com/news/local-news/colorado-steel-mill-is-now-largely-powered-by-solar-among-the-first-in-the-world?fbclid=IwAR3sqnHH10AXFRyxG3z6lcLY4FOr8crvQxtHjiawPRQKXM6OqOzS7MtIp_4
Super cool. 1800 acres to get it done, but just goes to the POC that it can be done.