Recent comments in /f/wallstreetbets

VisualMod t1_j6m7p2j wrote

>I agree that the sell-off on Monday was mostly due to profit-taking, but I think there is also a lot of underlying anxiety about the Fed's interest rate decision and Big Tech earnings this week. If either of these disappointments triggers further selling, it could be difficult for the S&P500 to hold its former downtrend resistance and 200-day MA. From a technical standpoint, this would signal that the index may not be able to sustain its recent recovery from October lows.

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MogamboKushhua468 OP t1_j6m73qm wrote

Bill shit..even tough COVID times Costco generated $5.8 Billion net profit…you mean to say all this from membership?

See below extract from costco

We had strong operating results in fiscal 2022. Net sales for the 52-week fiscal year totaled $222.7 billion, an increase of 16%, with a comparable sales increase of 14%. Net income for the 52-week fiscal year was $5.8 billion, or $13.14 per diluted share, an increase of 17%.Dec 7, 2022

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NiceAsset t1_j6m5z8n wrote

Most WSB posters are low/middle class who probably don’t have Costco memberships. I just got the fucking tastiest organic eggs from Costco last week that were blue with a deep orange yolk. Delicious. That, paired with their organic milk is a fantastic breakfast. I’m sure it cost more than McDonald’s but then again what the fuck do I know about inflation I just buy shit I want/need. (Ps their rewards card if fucking awesome, I got $1100 back last year )

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ariesdrifter77 OP t1_j6m5yjx wrote

The only way these contracts that I’ve stated could lose open interest is if they are “ bought to close” by the writer (owner holding the shares). It doesn’t have to be a institution or market maker. It can be someone with a lot of shares . like insiders who are working above the line at Las Vegas sands and know their stock is about to melt up and don’t want to get exercised. After stonk goes up they sell some fresh ones to degens who have fomo and while the IV is higher to collect bigger premiums. This could be totally wrong but this is how it looks to me

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