Domain: tiger-web1.srvr.media3.us User Profile: OT_alter | TigerDroppings.com
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Registered on:2/13/2020
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Are the longer term rates increasing because lenders are seeking higher rates to protect themselves against inflation risk?

Just trying to understand the forces that drive the longer term rates. I am very ignorant on how all this works.
When you say that the market will do that for them, what do you mean?
Oh good to know that it’s capped. Paying double isn’t as scary as paying 100x
Nah, that wasn’t generators. Downtown had power yesterday. My building is 70 floors and was heated yesterday...no backup generator can handle that load. Some people took their families to the office to get warm since the residential customers were getting the shaft. It was a bad look for the city.
Yes you have to sign up for a term to receive a fixed rate. Some are just a few months, some are multiple years. I signed up for a multi year term last year. I’ve got more important shite going on in my life than to be messing with electricity plans all the time.

The worry for me is that once your term plan ends, you automatically go month to month at market rates. So if you forget to renew and some crazy weather event hits you could get screwed. I suspect a lot of people are going to be in for a big surprise when their Feb bill hits.
Timbergrove here, west of TC jester. We were off since Monday morning and got it back around 2:20pm today. Went off just before 8pm. House is warm again so can’t complain too much.
How are we feeling gang? My basis is 12.50, looks like we may dip below that soon, at which point I may start adding. Is this getting caught up in the negative momentum of the reddit junk?
When do we find out the proceeds from the Facebook settlement?

I was happy to add to position today at $14. I’ve got a pretty big position now. Good luck longs!

re: So I bought some Gamestop(GME)

Posted by OT_alter on 1/29/21 at 8:37 am to
quote:

These halts are where the hedge funds are buying a bunch of shite to minimize their damage.


who are they buying from?

re: So I bought some Gamestop(GME)

Posted by OT_alter on 1/29/21 at 8:34 am to
That didn't take long.

I put in a sell order for one (only one!) of my shares at an absurd price. Who knows

re: So I bought some Gamestop(GME)

Posted by OT_alter on 1/28/21 at 10:49 am to
quote:

AOC is not happy with RH


AOC, the savior we never expected
Added some BB (via Vanguard). My basis has crept up to 12.50 as I've been adding the past week. I'm not looking to hit an instant homerun here. Slow and steady is cool.
In the end, if we really believe price targets north of 30, isn't this just a good buying opportunity? I've been adding to my position this morning.

re: So I bought some Gamestop(GME)

Posted by OT_alter on 1/27/21 at 10:33 am to
SO how are we feeling. At 370, still holding?!?! I might sell a few shares to get back my investment
Does the Treasury Dept have the authority to change tax law, or just enforce existing tax law?
This is how I'm playing it as well. See if I can scratch out some income along the way. If it rockets past my strikes then so be it, good problem to have.

A few minutes after open I saw a bid for $1.80 for the $15 strike on 1/22. I got greedy and put in order for $2 and it didn't fill. Darn!
I saw that earlier those calls were trading at nearly $2 !!
In 5 minutes of trading, has already exceeded average volume
I saw this late and got in at $8.88/sh. I then sold covered calls at $15/sh at a 6% yield that expire in two weeks. If these get called away I'd be thrilled. Thanks OP.

re: Current Mortgage Rates

Posted by OT_alter on 1/11/21 at 9:36 pm to
I did a re-fi less than a year ago at 2.75% on a 15 year. Just curious, if I were to re-fi again, is there any cost savings to the title policy this soon after the previous? Or would it cost standard amount? I recall that being the most expensive component of the closing costs.
Yes, I amended my 2018 return over the summer and it was processed a month or two ago.
How about for anything other than a Telluride/Palisade? Is the new car market generally frothed-up just like used cars?

Maybe I can sell my car and ride the bus until it becomes a good time to buy new
I was considering selling a used car and purchasing new in the next year or two. Is this a better opportunity than typical to do just that?
What does this mean for the average person? That I should stop putting money into Vanguard funds each month? Drastically change my asset allocation away from equities? Buy land?

It all sounds scary but not sure how to take it.
Same camp here - I see my current O&G situation lasting another 1-3 years. I am PetE working in private equity. When it ends, I am facing an 80% comp reduction in a best case scenario.

I grossed 370k last year. My plan would be to go back to school and get a different engineering degree and I'd be surprised if I could make 80k as a starting salary in a new discipline. The good thing is that I've been at it long enough to save a lot of money. At this point I could stomach sacrificing income if that's what it came to, since I could get out of Houston. But until you're forced out it's impossible to leave the money.

re: $WLL Whiting Petroleum Bankruptcy

Posted by OT_alter on 4/1/20 at 4:05 pm to
Whiting's drilling inventory is garbage. This has been a long time coming.
Why throw good money after bad, especially if your current income comes from O&G?

They are unhedged and currently realizing $8/bbl in Williston and will be shutting in a ton of production. Midcon sucked before prices crashed.