Talking stocks, trading, and investing in general

[Omega Male]

When you add 14% CA state cap gains tax, the numbers do start to look a little painful. Going to be a double whammy for the PE side as the carried interest loophole is pretty much sure to be closed in the course of the ensuing horse trading. Will be interesting to see how this shifts comp structures in the investment space.

From a broad market perspective it is most likely a nothing burger.

 

[brokencycle]

Those VC's are stupid as **** when it comes to dealing with actual people. Also there's no way a D controlled President and Congress is going to spend more on military.

These charts beg to disagree.

US military spending over time (red boxes cover times where Ds controlled both chambers of Congress and WH). The box on the far left seems small, but it is almost a 2x increase $47B > $85B.

The fact is military spending is so spread out over districts that Ds love it it to because it brings jobs to their districts.

 

[venividivicibj]

Those VC's are stupid as **** when it comes to dealing with actual people.

 

[usctrojans31]

These charts beg to disagree.

US military spending over time (red boxes cover times where Ds controlled both chambers of Congress and WH). The box on the far left seems small, but it is almost a 2x increase $47B > $85B.

The fact is military spending is so spread out over districts that Ds love it it to because it brings jobs to their districts.
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I'd like to see that chart normalized to account for inflation.

 

[brokencycle]

I'd like to see that chart normalized to account for inflation.

That's an exercise left to the reader.

 

[jbarwick]

Maybe VCs should just work harder then they can make up for their lost $$$. If they cut out their meditation, morning pages, and daily Clubhouse circlejerk, they'd be Scrooge McDuck swimming in their money bins.

 

[Piobaire]

Today?

 

[PhilKenSebben]

That's an exercise left to the reader.

 

[Friend]

Today?

Doubling down on MVIS shares when it was in the 10s, and then picking up a few 5/21 12c and 13cs when it was in the high 11s, has been a highlight of the week.

 

[Piobaire]

I got out too soon. Found out this morning the WSBs crowd is pumping it.

 

[Texasmade]

I was down pretty big on my CSP’s for MVIS until WSB pumped the **** out of it the second half of this week. I exited out of most of my CSP’s for a small profit except for one $8 put that expires in May.

 

[Piobaire]

Man, my diagonal spreads on DH Horton that I opened this week I could have closed today for a 16% ROC. Instead I did more weekly calls against my LEAPS.

 

[usctrojans31]

That's an exercise left to the reader.

I don't know how to read

 

[UnFacconable]

Nearing the end of a fairly thorough job search. It's been really interesting doing so during the pandemic. What I've found is that there are numerous remote opportunities as well as local ones. I've gotten far more traction in this search than previous ones, whether because my network has grown, I've tuned my responses well enough to move forward in processes or because there is just excess demand for my field. Being in Silicon Valley (and having SV experience) has been a big asset for both local and remote searches. Some of the companies I've gotten the most traction with are east coast companies (not in traditional tech hubs like NYC or Boston) that don't really have strong connections to SV and met me through my network.

I'm also seeing a variety of return to office plans. Some companies I've talked to want to remain remote first where others feel like they've lost too much by being remote and are eager to get back into an office. The ones going back to the office generally acknowledge there will remain more remote only people than before but that they have a strong preference not to let that poison the culture making it hard to get people to come into the office. Everyone seems to be cool with more WFH days which is great for me since I've been working 2-3 days per week remote for the better part of a decade. Oh the other takeaway is that there are a lot of crypto opportunities but my crypto-skepticism really makes it hard for me to buy into those roles.

I've talked to so many companies this time around that one thing is assured - one of the ones I missed on will go on to wild success and I will eventually feel some FOMO. Had to pass on one offer yesterday because I didn't want to keep them in limbo and definitely felt some regret. Prior to that passed on an opportunity to return to a prior company looking to SPAC which was a tough conversation as well.

I am down to a relatively small but diverse number of options and should be in a new role by the end of May. I'm really glad I had this opportunity to detox from my last job and mountain bike a lot but also looking forward to like talking to people, etc. In some ways this was a trial run for early retirement and I guess the takeway is that a pandemic is probably not my ideal time to be early retired lol.

 

[Piobaire]

Next week will be about writing put credit spreads if I can find the right underlying.