Printable View
It's pretty remarkable when you think about it. Where were the people selling off at 2348 last night? We're pushing 2400 again already with AMZN.
I was talking about this last night with some of my friends who are also heavily into the market. Just hang in there people, if the market can recover from this, it can recover from most anything.
One stock though that doesn't seem to want to recover, at least not yet, is GE.
Wasn't such a bad finish, considering what happened towards the end of the day yesterday.
I was trading the first four hours of the day was loooo-easy then I had to take care of some work for clients, and checked in at the finish. Put in a lowball bid for some extra AMZN; no fill.
That's one I have been thinking about off and on for a few years now but fortunately never pulled the trigger and bought. At one time I think it was the worlds largest company by market cap. Now they have negative earnings and cut the dividend to .04 - annually. And while I like the idea of value investing, and GE I think hit a multi-decade low today, I just can't do it.Quote:
Originally Posted by MDawg
I actually had a GTC to buy some at 6 that filled yesterday, not a lot of shares just a taste, but will hold long term see what happens.
It's crazy how things may change...there was a time when "professionals" across the board were advising to buy THOUSANDS of shares of GE anytime it dropped below 30. The paradigm shifted though, and I'm hoping 6 is the new 30.
You can't always get the very bottom. I picked up a fair amount of extra shares of AAPL at 250 during this rout to add to my other very long term shares of AAPL and keep holding. I had watched it go so high over the well over a decade closer to a decade and a half that I have been holding and I didn't feel comfortable adding more shares until this recent drop. AAPL did drop even lower after I pulled the trigger, as low as 240 or so I recall, but look at it now.
I bought some more to add to what a family member has been holding at higher than 250 too, but it's fine now too.
But I will agree with you in that thinking that "it's so low now it can't get any lower" may be a dangerous philosophy at times, and that often it's better to buy on a breakout than at what seems like the bottom.
Market is mixed. My NFLX is way up, CMG up, most of the rest red, although some were green earlier.
As far as trading - buying on dips is definitely not dead!
Looks like the Hard Rock Vegas may not be dead after all.
https://vegas.eater.com/2020/5/14/21...ctual-property
The Hard Rock Vegas was sold to Virgin which will rebrand, remodel and reopen the property as a Virgin Hotel, but Hard Rock International bought back the rights to use the name.
I had a LOT of fun at the Hard Rock in the late '90s / early 2000s before it went downhill. It was a combination of the battle of the implants and the battle of the thin hotties back then. Eventually, the place lost its lustre, and turned over the keys to the Palms, which was the hotspot in Vegas for some years until it too, experienced its own decline and fall.
Will be interesting to see if HRI opts to put money into a new Hard Rock Vegas casino, even during these troubled times.
https://i.imgur.com/fLyFfAml.jpgQuote:
Originally Posted by monet
I did that today. BORING. People actually get a thrill out of pushing buttons mindlessly? You'd have to pay me a LOT, a TON more than than the minimum wage these AP "slot cheats" are earning after we factor in time and expenses, to play a slot or any kind of video gaming machine.
I set the Wynn contest to just autospin 500 at a time. Had sex while it was running, and didn't pay attention to the screen.
Psychologically speaking, there are two types of gamblers.
One - like to zone out, they reach some kind of "high" while pushing slots and other gaming machine buttons.
The others - like me - prefer the rise and fall of the thrill - rising tension as the bet is placed, cards are dealt, and then tension released as hand results are revealed.
There are degenerates in both camps who don't really even care if they win or lose - just about the play. A prime example would be Allan Erlick the Canadian former mattress millionaire (more recently a broke Uber driver - now I assume an unemployed due to coronavirus broke Uber driver). In 2007, while he was still printing money in Canada, Allan would hit a big Vegas slots jackpot, turn to look at Louis Theoroux,
"See?" Allan would say, his face so blank it wasn't even there, as expressionless as the countless times he'd spin and lose.
In other words, you play like every other amateur gambler that prays in a casino.Quote:
Originally Posted by MDawghttps://i.imgur.com/fLyFfAml.jpgQuote:
Originally Posted by monet
I did that today. BORING. People actually get a thrill out of pushing buttons mindlessly? You'd have to pay me a LOT, a TON more than than the minimum wage these AP "slot cheats" are earning after we factor in time and expenses, to play a slot or any kind of video gaming machine.
Psychologically speaking, there are two types of gamblers.
One - like to zone out, they reach some kind of "high" while pushing slots and other gaming machine buttons.
The others - like me - prefer the rise and fall of the thrill - rising tension as the bet is placed, cards are dealt, and then tension released as hand results are revealed.
One thing this Rob Singer fiasco with his posting pictures of a 2008 for-sale motorhome claiming it is his own private 2011 motorhome makes me realize is that people really are willing to spend time and energy just to paint some fantasy image.
One of the arguments I used to support the truth of what I post was “Why would I lie?” To me, it seems absurd to waste time and energy posting untruths. Why would I bother? I’m a serious businessman, a lawyer, I play with fifty grand at a time in Vegas, and millions at a time in the stock market, to me – if I’m going to spend my time writing something it’s only because I enjoy writing, and reminiscing in what I’ve done gives me pleasure. There’s no pleasure, for me, in writing untruths, as untruths are not based on fond memories!
But when I tried to explain all this to a few of you, it would fall on deaf ears. I always assumed that the reason you guys couldn’t relate was because in your peer group people lying and fantasizing to make themselves look better was the norm, but today was the first real example I observed of it tried and proven with Rob’s stunt. I suppose it just goes to prove that I still have a wildly positive impression of people in general when I say that Rob probably does own a motorhome, even though it seems clear that the 2008 for-sale Newell he posed in is not the 2011 Newell he claims he owns.
In my world, spouting lies is not the norm. I can now see, to a certain extent, why some of you tend towards being dubious if you have had to deal with charades such as the one Rob just pulled.
Good post...I personally don`t have an opinion regarding your and Rob`s claims. As a matter of fact I hope both are true as I find both of you to be pretty entertaining writers and its cool seeing people knock the casinos dicks in once in a while....you`ve offered up quite a bit of proof and if it is fabricated it really doesn`t affect me one way or the other....the true hidden gold is all these others having aneurysms over it because it bothers them so much lolQuote:
Originally Posted by MDawg
You have an innate need to turn every story or topic into being about you.Quote:
Originally Posted by MDawg
You and Rob are very much alike, you both have an intense thirst and desire for attention.
You craving for it gets worse as interest in you has continued to deteriorate more and more
each day. It’s all part of being a diminutive fella, quintessential Napoleon complex display.
Coincidentally, the likelihood of you playing baccarat with an advantage is exactly the same
as Rob owning that RV.
I wonder how the weather in New Jersey is these days.
Agreed!Quote:
Originally Posted by Keystone
And nothing I have posted has been contradictory.
If you tell the truth, you don't have to remember anything.
I'm now endorsing the MDawg baccarat system. All your dreams will come true.
Been watching that admittedly stupid 2011 reality series Casino Confidential about Binion's.
Reminds me about how in the old days (around when I first started gambling barely of legal age) there were no posted limits at Binion's just the table minimum and they would book any bet as long as it was your first. You could pick up the single deck and cut it with your own hands (actually, with just one hand, as I recall), and no one bothered you if you jumped your bet around, at least I was never molested for varying my bet anyway. Not that I was ever much of a craps player, with notable exceptions on some trips, but I recall 100X odds at the old Binion's Horseshoe too.
I wasn't into Baccarat yet but I remember seeing a 4% commission table as well.
And then once the original family sold it off in 2004, it became about the worst place to gamble period - all players were handicapped to a 3X spread based on their first blackjack bet of the shoe. Post 2009, as depicted in Casino Confidential, they apparently used a new tactic which was to shuffle the BJ deck anytime a player jumped his bet. It's actually pretty funny the way they describe it in the 2011 show - card counters are Welcome - but we'll Shuffle every time you jump the bet.
That show was taped less than 10 years but seems much older. I wonder what happened to the drunken female dealer?Quote:
Originally Posted by MDawg
That's funny you mention that - the show was taped 2011 - 2012, and in the last episode Jana gets fired, and I have been wondering the same thing! First they were talking about how she was their best dealer, and tried to promote her to pit boss, and next thing you know she was fired for showing up late one night, then not at all the next night on her birthday.
I actually wasn't even aware of the "Cowgirls" until after I watched this show, which I watched it for the first time very recently, and I haven't played at Binion's since the early 2000s. Has anyone been to Binion's this year? Are the Cowgirls still dealing?
This sounds like a job for the Wizard. I'm sure he wouldn't mind finding Jana to interview her.
https://i.imgur.com/DbpBbUsm.jpg
A lot of casino dealers have alcohol problems, but most of them seem to be able to function. I've never actually seen a dealer under the influence at work (unless on something that was hard to detect) but I've noticed many of them hung over.
They were degenerate gamblers, coke freaks.
https://i.imgur.com/pY2PFQIm.jpg
In no time I had half the dealers in the Tangiers in my pocket.
Yea they still have them as of last fall. And they have a bar with them on Fremont. Most of the casinos were “awarded” space on Fremont to sell frozen and other drinks to compete with the small places that were selling cheap cans.
Cowgirl up cantina would have been a great job for Jana. And yes, she would be a perfect “interview” for the Jizzard.
I did a 5 pt. trade on AMZN the hardest part was even logging into one of my accounts. Heavy volume - trading brokerages overloaded.