The Buffett Indicator

[WaltzCee]

I wanted to review some of the ideas I've posted. I suggested selling naked puts (that
sounds so nasty) on gld in mid August. Those put contracts would have expired worthless
beginning Sept. 10 contracts would have netted $11,600. Gld didn't drop to $171.50.


https://www.besslerwheel.com/forum/view ... 19b#176159

. . .

A trade you might qualify to do would be selling naked puts.

10 put contracts that expire 4th of September 2020 sold for $11.60 a share.
That volume showed up Friday . So 10 x 100 would be a thousand shares.
If you had $171,000 in your account you could cover that naked put. The
strike price is $171.50.

You would be the one collecting the premium. That would amount to $11,600. In a month.

This is how puts work. Suppose the market falls to $150 a share. When the contract expires
someone is going to buy the stock at $150 and put it on you or make you buy it for
$171.50 a share.

For this to work for you, you need a couple hundred thousand sitting around collecting dust.
Also you would have to be comfortable owning a thousand shares of GLD. Some Traders
use the strategy when they want to buy a position.

If you did get tagged with a position, you could start selling me calls. :-)

These days I think gold is safe speculation.

Another thing gld didn't do is move up much. I would have missed that boat. Win some,
lose some.

[WaltzCee]

Game stop gme is an interesting story.

[Art]

Going to be interesting to see how it is resolved ! : )

https://www.abc.net.au/news/2021-01-30/ ... t/13103690

[WaltzCee]

Going to be interesting to see how it is resolved ! : )

I look at the 2 sides. On one side you have a fine individual with billions under
management. Then on the other you have a collection of scurvy rats cashing out their
retirement accounts buying up gme consequently driving the price thru the roof.

God bless them scurvy rats! Hold the line!!

This is an earlier post.

Market 101. Buy low sell high. Short selling 101. Sell high buy low

Don't sell me short. Ima gonna cause a lot of people to understand this.

In a perfect world the scurvy rats would sell their positions so the much more deserving
billionaires could make the market below their sells and get the profit they so richly
deserve. :)

But a perfect world requires planning and design. That's why my brokerage has limited my
ability to trade gme. Robinhood was de-platformed from what I understand. Brokerages
everywhere are only allowing people to sell. Get off my White House lawn!!

So by design, the world is getting more perfect.

[WaltzCee]

So let's look at this heap of trash, GME. what's the matter with some wall street vulture
swooping in, borrowing shares then selling when the market's at $5 then putting in massive
buy orders in at 25¢ a share. Who does it hurt? What's wrong with that? I copied this from
my brokerage:

For the fourth quarter 2021, analysts estimate GME will earn $1.42 non-GAAP per
share, an increase of 12.05% over the prior year fourth quarter non-GAAP results.

According to some analysts GME isn't at the brink of bankruptcy. In spite of this possible
fact, who does it hurt? Top on the list would be the principles of GME. What ever exchange
they're listed on might delist them. In addition to them being robbed of capital it destroys
their ability to raise capital.

So much for the possibility of those future earnings. Then the vultures can stand back
looking all smug as their lears are getting fueled declaring, see we told you they were trash.
Meet me in Paris so we can save the earth!

Who else does it hurt? Those that love freedom. The freedom to be left alone. The right to
keep these bastards out of your wallet. Can I say bastards? I think I will

[WaltzCee]

Earlier up thread I speculated shorts on twitter (TWTR) might be a good trade. That was
emotional speculation.

Sat Aug 15, 2020 7:21 am
viewtopic.php?p=176162#176162



Boy that would have been a wrong move! Think about these 2 points.

• 1) Wall street is the most sophisticated numbers racket ever devised by man.
  2) They can put the stock price where ever they want and rich powerful people don't want TWTR to go down.

I think TWTR should be a penny stock. They deny some a voice for alleged violations while
giving others a pass for the obvious same violations. They destroy the balance in the marketplace of ideas.

One of the points made by TWTR was if you didn't like it here go start your own platform. So they did.
Hear this now! Apple and google de-platformed Parler's app then AMZN
de-hosted their site.
3 tech giants took the voice from dissidents in America. It's a brave new world.
Read China Cry. Read Murder of a Gentle Land. Read Orwell.

These liars and murdering thieves who admire and emulate the original radical whose god
is their belly are destroying my nation.

Sorry to get so emotional. No I'm not.

Lest we forget at least an over the shoulder acknowledgment to
the very first radical: from all our legends, mythology and history (and who is to know
where mythology leaves off and history begins - or which is which), the very first radical
known to man who rebelled against the establishment and did it so effectively that he at
least won his own kingdom - Lucifer.

Dissents in America? The world needs to think about that one.

[daxwc]

WaltzCee:

Hear this now! Apple and google de-platformed Parler's app then AMZN
de-hosted their site.
3 tech giants took the voice from dissidents in America. It's a brave new world.
Read China Cry. Read Murder of a Gentle Land. Read Orwell.

“First they came for the Communists
And I did not speak out
Because I was not a Communist

Then they came for the Socialists
And I did not speak out
Because I was not a Socialist

Then they came for the trade unionists
And I did not speak out
Because I was not a trade unionist

Then they came for the Jews
And I did not speak out
Because I was not a Jew

Then they came for me
And there was no one left
To speak out for me�

German Lutheran pastor Martin Niemöller (1892–1984)


"... the people who were put in the camps then were Communists. Who cared about them? We knew it, it was printed in the newspapers. Who raised their voice, maybe the Confessing Church? We thought: Communists, those opponents of religion, those enemies of Christians—"should I be my brother's keeper?"…

I don’t think most people realise western civilization is at a crossroads. Exaggeration? Did German’s realise they were getting snookered? Big tech needs to be brought down while they still can. They are obviously a publisher now just greasing the right palms. Silencing conservatives who cares… "should I be my brother's keeper?"…

[daxwc]

Has anybody not noticed how Google works with China to keep it citizens oppressed? Can’t happen to you? Or is it already happening and you are willfully blind. Who pulls the puppet strings in the area you live in. Freedom, liberty and rights were hard fought for in all western civilization countries. Will you just give it away due to emotions. Give away carelessly what your ancestors died for so you could inherit. Like throwing chaff to the wind?

Ahhhh... it is just the internet what is the worst that can happen?

[eccentrically1]

https://www.freedomforuminstitute.org/f ... ial-media/

[daxwc]

Thats Fine EC1, then take away their legal protections granted to them as platform. When Iran's Ayatollah has his tweets up but other conservatives get theirs taken down for far less you know the fix is in the game. All things listed in your link are subjective to bias and you know it. Emotions are going to decide really?


https://socialmediahq.com/if-social-med ... verything/

[daxwc]

The other branch; after what Google is doing in China should they really be trusted and afforded legal protections or should countries start cutting them off at the knee.

[WaltzCee]

Google.needs to be de-platformed. When everything is free, you are the product. Use
duckduckgo. Use another email. There is a reason the main stream media is dying. They
have no customers. Death to google!!! Read the death of google.

Big tech needs to lose its base.

Boycott big tech. That's what I'm doing.

I did a calligraphy copy of Niemöller's quote, it's somewhere in storage.
When they came for the nuckleheads
I didn't speak up because I wasn't a nucklehead!

I'll have to find that.

[eccentrically1]

Thats Fine EC1, then take away their legal protections granted to them as platform. When Iran's Ayatollah has his tweets up but other conservatives get theirs taken down for far less you know the fix is in the game. All things listed in your link are subjective to bias and you know it. Emotions are going to decide really?


https://socialmediahq.com/if-social-med ... verything/

https://en.wikipedia.org/wiki/Section_230

Everything you wanted to know about 230 but was afraid to ask. Case law, etc.

There have been concerns that any attempt to weaken Section 230 could actually cause an increase in censorship when services lose their exemption from liability.

There is a lot of moderation going on behind the scenes, fortunately.

https://www.wired.com/2014/10/content-moderation/


https://www.washingtonpost.com/technolo ... ing-price/

Do you think this model is sustainable? NIMO. Social media platforms should have to design an algorithm to flag this type of content.

[daxwc]

Thanks for making my point EC1 social media is now the same as newspapers and therefore should have to abide by the same laws they do. There is no real free speech on social media anymore so why do they need the laws that prevent suing?

Unfortunately due to lobbying, graft and deep-state workings it will probably be another G7 country that starts the avalanche not the United States. Step up to the plate Australia you are already fighting with Google and feeling their wrath anyway. They are only going to get stronger the longer the world leaves it. It is not going to go away on its own…

[daxwc]

There is a big difference between me and you EC1. You are worried about hurting somebodies feelings I am worried about oppression of the population. Algorithms are just plain dangerous in the wrong hands and can be used for example to turn the tide of any election. Brainwashing of the public by big tech is a massive consequence of the way things are setup now. At the very least independent regulatory bodies should be setup. Big Corporations like Google should be made to break up also. Convincing the masses that Google is bad for them is like taking a meth pipe away.