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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
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Old 02-13-2019, 05:32 PM   #2611
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Originally Posted by Discuss Thrower View Post
I mean I know about churning but they'd already put the kibosh on those types of account holders by looking at their prior applications.

I don't have any deep knowledge on the topic. I heard about this a month or so ago -- that banks are taking larger and larger reserves against credit card rebate obligations due to people being smarter and more efficient in "playing" the rebate game against the banks.

That's all I can tell you.
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Old 02-13-2019, 06:24 PM   #2612
ghak99 ghak99 is offline
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Auto lenders are having a rough time. I imagine that credit card lenders are doing the same right now, but with less collateral.


https://www.cnbc.com/2019/02/12/a-re...-payments.html
The auto industry, more so the lending side, has been due for a serious correction for quite some time.

Trucks cost too much. Buying a basic model is damn near impossible and the terms they'll give you are WAY too long. Too many idiots only see the per month costs and roll into the next one without thinking about the length. Before they know it, they're driving a vehicle that isn't even worth paying off. It's only a matter of time before all the ignorance wads up in a ball of fire for both sides.
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Old 02-13-2019, 06:56 PM   #2613
Discuss Thrower Discuss Thrower is offline
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Originally Posted by Amnorix View Post
I don't have any deep knowledge on the topic. I heard about this a month or so ago -- that banks are taking larger and larger reserves against credit card rebate obligations due to people being smarter and more efficient in "playing" the rebate game against the banks.

That's all I can tell you.
I mean had I had any idea of credit card rewards beyond "points for air travel" I would have snagged a card much earlier in life so this does make sense.
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Old 02-13-2019, 08:40 PM   #2614
lewdog lewdog is offline
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Cashed out my UPS.

Looking for some short term trading but unsure right now..............
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Old 02-16-2019, 06:27 PM   #2615
Hammock Parties Hammock Parties is online now
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Old 02-17-2019, 09:00 AM   #2616
Great Expectations Great Expectations is offline
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Cashed out my UPS.

Looking for some short term trading but unsure right now..............
IQ is getting ready to explode.
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Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.Great Expectations is too fat/Omaha.
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Old 02-17-2019, 09:05 AM   #2617
Hammock Parties Hammock Parties is online now
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IQ is getting ready to explode.
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Old 02-17-2019, 09:25 AM   #2618
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 02-17-2019, 09:28 AM   #2619
Hammock Parties Hammock Parties is online now
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marketchameleonwinsFeb 16th, 7:50 pm

$IQ to report earnings on Feb 21 AMC, with an expected move of ±8.0%
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Old 02-17-2019, 10:09 AM   #2620
lewdog lewdog is offline
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IQ is getting ready to explode.
So I should add another $10k to my position?
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Old 02-17-2019, 10:10 AM   #2621
Great Expectations Great Expectations is offline
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So I should add another $10k to my position?
Clay should definitely do some dollar cost averaging, try and get that buy in price down to $24 so he can make some money.
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Old 02-17-2019, 10:12 AM   #2622
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Clay should definitely do some dollar cost averaging, try and get that buy in price down to $24 so he can make some money.
lol that ain't happening

if you knew how much i sunk into this shit you would be sick
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Old 02-17-2019, 11:00 AM   #2623
lewdog lewdog is offline
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IQ has been seeing resistance at $22. If it breaks through, look out. Really could be nice rally.
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Old 02-17-2019, 11:07 AM   #2624
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There isn't a ton of technical resistance there.

Given where it's come from, it's had a pretty decent rally.

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Old 02-17-2019, 11:23 AM   #2625
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There isn't a ton of technical resistance there.

Given where it's come from, it's had a pretty decent rally.

Resistance within a week’s time.

I could look for a small profit over a few days to weeks.
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