In a flaccid attempt at financial suicide, I bought BB — hoping it would cascade lower — benefitting my inverse ETFs and allowing me to exit them with dignity. Markets are softening here and I’d be lying to you if I wasn’t conflicted about trading against myself, hoping for stocks to crater and burn — just so that I might afford a morsel of food this evening from the profits in my inverse ETFs.
My FXP is higher an QID is nearly flat, so there’s that. Now we need oil to get gobbled up by dick eating gremlins, in just enough time to allow me to exit at a profit in ERY. Why, it was $59 just a day or so ago. How I long for the halcyon days of crisis.
Best case scenario: markets grow a pair of balls into the waning hours and collapse. I mean truly collapse, just so that I could selfishly profit from my inverse ETFs.
What’s on your agenda? Did you do much dog walking and grocery shopping like Le Fly? To think I used to be a burgeoning financial powerhouse, now meekly relegated to a pedestrian, unremarkable, lifestyle of fetching things for others.
Young kids out there: do yourselves a favor and detach yourselves from tradition and go out and build an empire. Take it from Uncle Fly. Trust me, I am a Dr.
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No regerts, bruh.
Exodus is your empire. Stop with this discretionary crap and go “all in” (extra Rounders).
TSLA shares up 20% in 3 days on Elon Musk’s claim that TSLA won’t need to raise more cash. If that is true and TSLA was smart, they’d buy back their bonds at a steep discount.
They are all trading around par right now. The “discount” was from a steep premium above par. Lowest I’m seeing they got to was ~0.95.
No cost savings other than the interest payments.
“other than the interest payments”
Big difference between not having to raise money and having the money right now to pay it off.
Ain’t never gonna see a debt free car manufacturer.
1) The benchmark TSLA bonds are the 530s of 25. They are trading around 89.5, not par.
2) That’s a 7.16 yield for 7 year paper, ie – distressed.
3) These bonds have NEVER traded above par. They were issued at par 08/11/17 and have dropped ever since.
4) I am not saying they should buy them all back, they obviously can’t.
5) Stop pretending.
ISIN USU8810LAA18 if you need it.
Uh oh…I’ve been got!
Why not just throw out the zinger with the first comment?
I assume the 44 minutes between comments was spent furiously google’ing?
Stop pretending
Took five seconds on the Bloomberg Terminal to find this. I don’t even follow TSLA bonds but when I saw your very annoying response I looked into them.
To be honest, I misread your initial vague comment as you saying the buyer of TSLA bonds saved nothing because the bonds were back at par, which would be a dumb thing to say, and not that the company would save nothing by buying the bonds back at their issue price, which is a better phrasing of what you intended to get across.
Googling… come on.
To be honest, I read your vague comment 10 times and have no idea what you just said.
But, I can only assume it’s right if you bloomberg in under 10 seconds.
How can I repay you? Got a chat room I can join?
Headline: “US army sharpshooters kill 19 unarmed civilians and wound hundreds by shooting into the Mexican side of the US/Mexican.”
Nah, fake news. No country with even an ounce of respect for human life would do something like that.
I think it’s ok. I mean, God’s chosen people in Israel shoot unarmed Palestinian civilians pretty regularly without any punishment so it must be kosher to do that…no?
BB? You’ll shoot your eye out!
Instead of extending your streak of soul-crushing losing trades, might I suggest some feverish masturbation, then a nap?
UPVOTED!
Also… decent spot to take a shot at lower prices here.
Going all in siacoin at one cent a coin. I have extra hard drive space. A shitload of it.
Le Fly is anti-Pasteur no?
http://www.rense.com/general96/bechamps.htm