User Panel
"I'm like some kind of evil retard Santa Claus that makes you buy your own toys." -beitodesstrafe
"I keep hearing 'must have a dialogue,' but I keep being told to shut up when I speak." -Sand_Pirate |
If a Crocodile could reach Uranus, would he lick it?
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Think or Swim is taking notice of you guys buying back your calls.
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If a Crocodile could reach Uranus, would he lick it?
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Originally Posted By Total53: I'd give my left nut for some volume right now. One would think MVIS would PR their 4 levels of LRL sensors before the show. Or the Sharp MicroHUD, for which the contract was extended but no revenue has ever showed on the books. Maybe today after the bell - and thru 15.50 she's gone. View Quote Above the averages. MVIS need to start dropping hints about the show to get some of that volume for sure. |
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Originally Posted By RatherBeLifting: Think or Swim is taking notice of you guys buying back your calls. View Quote |
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01010111 | 57 | 127 | LXXXVII
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I think I just sold my first options contract 😅 -1 means I sold a call, +1 is buying a call right? (I hope) made $5.31 offering up quik at $7 a share expiring mid Sept
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If a Crocodile could reach Uranus, would he lick it?
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Originally Posted By goodasgone81: I think I just sold my first options contract 😅 -1 means I sold a call, +1 is buying a call right? (I hope) made $5.31 offering up quik at $7 a share expiring mid Sept View Quote Yes for Options sold my position shows a "-1". What FI are did you sell? SENS? ME? 5.31 seems like an odd number, was the contract for .05? |
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If a Crocodile could reach Uranus, would he lick it?
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Double Tap
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If a Crocodile could reach Uranus, would he lick it?
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never underestimate the stupidity of other people
GA, USA
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almost regretting that $16 strike/MVIS call I sold this week when it was like $13 this week to make a few bucks to round out a SENS holding. WHoops.
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"Holy shit that is way way less work than pushing a wet shit through a tube like I just did" @Kuraki
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Originally Posted By Total53: Yes for Options sold my position shows a "-1". What FI are did you sell? SENS? ME? 5.31 seems like an odd number, was the contract for .05? View Quote View All Quotes View All Quotes Originally Posted By Total53: Originally Posted By goodasgone81: I think I just sold my first options contract 😅 -1 means I sold a call, +1 is buying a call right? (I hope) made $5.31 offering up quik at $7 a share expiring mid Sept Yes for Options sold my position shows a "-1". What FI are did you sell? SENS? ME? 5.31 seems like an odd number, was the contract for .05? Ticker quik .... 6 cents, after chase took their cut $5.31. Since I just wanted to get a feel I picked a stock I have with not a lot of activity and something I would have sold before it even got to $7 |
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Originally Posted By Total53: Someone ping Fellis, if he has any puts sold for Fri now is the time to buy them back. View Quote View All Quotes View All Quotes Originally Posted By Total53: Originally Posted By RatherBeLifting: Think or Swim is taking notice of you guys buying back your calls. Someone ping Fellis, if he has any puts sold for Fri now is the time to buy them back. I’ve no puts sold for this Friday. Right now, thirteen contracts for 9/10 so there’s some time value left on those. I’m speculating they’ll be waaay out of the money since 9/7 is the IAA Mobility (if it isn’t cancelled) so I’ll wait until next week or the following to consider those being bought back. |
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Got out of NSAV at .06. Clean double in less than 2 weeks.
Of course it doesnt even make up for the MRIN bags im holding. |
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Originally Posted By jb31: Here are a few inverse S&P500 ETFs that I am interested in. I am trying to make some decisions so I can have some money waiting when I think the market is ready and move cash there until we hit bottom. Proshares - SPXU 3x leveraged SH 1x SDS 2x Exponential ETFs - RVRS reverse cap weighted Direxion - SPDN daily 1x SPXS daily 3x @RatherBeLifting View Quote |
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Originally Posted By goodasgone81: Ticker quik .... 6 cents, after chase took their cut $5.31. Since I just wanted to get a feel I picked a stock I have with not a lot of activity and something I would have sold before it even got to $7 View Quote Got it, Chase has a trading app, didn't know that. Seems like you received a discount, IBKR charges me a dollar per contract, but then again I'm onesie and twosie'ing them. |
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If a Crocodile could reach Uranus, would he lick it?
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
I've been trading for a few years but nothing crazy, love em or hate em I'm heavily tied to chase..... 5 or 6 years ago they were offering up to something like 100 trades a year free and being I already had checking with them it was/ is convenient to have a one stop shop.
That said it's not a very robust trading platform, up until a few days ago I wasn't even sure I could do options through chase |
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Originally Posted By bugonawindshield: Daily: rebalances...daily. So if you're +10%, -10%, +10%, +10%, -10% for a week, $10.00 turns into $10.78. If one of your up days is a down day instead, 10.00 = 8.82; 5 down days in a row, 10.00 = 5.90 (to be fair, 5 up days = 16.10). Not something to hold over a weekend, much less long-term. A market that trades sideways will lose money the longer you hold it. View Quote View All Quotes View All Quotes Originally Posted By bugonawindshield: Originally Posted By jb31: Here are a few inverse S&P500 ETFs that I am interested in. I am trying to make some decisions so I can have some money waiting when I think the market is ready and move cash there until we hit bottom. Proshares - SPXU 3x leveraged SH 1x SDS 2x Exponential ETFs - RVRS reverse cap weighted Direxion - SPDN daily 1x SPXS daily 3x @RatherBeLifting Yes! The most difficult thing with these is the daily reset which can deteriorate the share price over time for the 2 and 3X leveraged funds. I have held successfully monthly reset leveraged funds however with no noticeable decay. REML, for example |
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If a Crocodile could reach Uranus, would he lick it?
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never underestimate the stupidity of other people
GA, USA
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Originally Posted By KaiK: You could always roll. View Quote @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 Attached File |
"Holy shit that is way way less work than pushing a wet shit through a tube like I just did" @Kuraki
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Originally Posted By steviesterno16: @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG View Quote View All Quotes View All Quotes Originally Posted By steviesterno16: Originally Posted By KaiK: You could always roll. @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG On Robinhood you have to manually buy the call back and sell another one. |
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Originally Posted By steviesterno16: @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG View Quote Ha IBKR which is hard to learn and charges you out the ass if you are a small retail trader has this.... Attached File |
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If a Crocodile could reach Uranus, would he lick it?
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Originally Posted By RyanEsstac: On Robinhood you have to manually buy the call back and sell another one. View Quote View All Quotes View All Quotes Originally Posted By RyanEsstac: Originally Posted By steviesterno16: Originally Posted By KaiK: You could always roll. @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG On Robinhood you have to manually buy the call back and sell another one. Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc..... does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? |
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Originally Posted By goodasgone81: Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc..... does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? View Quote View All Quotes View All Quotes Originally Posted By goodasgone81: Originally Posted By RyanEsstac: Originally Posted By steviesterno16: Originally Posted By KaiK: You could always roll. @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG On Robinhood you have to manually buy the call back and sell another one. Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc..... does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? If you sold covered call and want to close it out early, the option you would be looking for is "buy to close". |
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q3131: I can enjoy necrobeastialexhibitionism as much as the next guy, but homonecrobestailexhibitionism is just plain sick.
Tomislav:If you truly love something, you need to shoot it, then set it on fire. (And then post pics!) كا |
Originally Posted By goodasgone81: Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc..... does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? View Quote View All Quotes View All Quotes Originally Posted By goodasgone81: Originally Posted By RyanEsstac: Originally Posted By steviesterno16: Originally Posted By KaiK: You could always roll. @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG On Robinhood you have to manually buy the call back and sell another one. Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc..... does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? I know nothing about taxes.... But if you buy back a covered call before it executes.... you never sold you shares. So I don't see why that would effect short/long term on the actual shares |
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Originally Posted By goodasgone81: Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc....does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? View Quote View All Quotes View All Quotes Originally Posted By goodasgone81: Originally Posted By RyanEsstac: Originally Posted By steviesterno16: Originally Posted By KaiK: You could always roll. @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG On Robinhood you have to manually buy the call back and sell another one. Actually have a question relating to this.... from my brief research it sounds like if you want to "cancel " a covered call early, you just purchase a call for the same strike price etc....does that mean if you sold a covered call with shares that were long term capital gains, if you buy them back they'd now be short term ? No, as long as your shares were never “called away” they will retain their LTCG status. It’s when they’re called away that you decide on which shares to use for the called away shares (FIFO, LIFO, Spec ID) if you haven’t selected that up front when it comes to selling shares. If LTCG shares ARE called away and you turn around and buy the shares back (different from ‘selling’ and ‘buying’ the actual call contract) the new shares will be STCG status for a year. |
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If MVIS closes below 15, I'm going to be a tad pissed.
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"I'm like some kind of evil retard Santa Claus that makes you buy your own toys." -beitodesstrafe
"I keep hearing 'must have a dialogue,' but I keep being told to shut up when I speak." -Sand_Pirate |
OK I am confused, I did my first covered call. I sold a covered call on MVIS, immediately it shows as down 18%. I think that is because the value of the call went up and I sold it for less than that.
Where is the premium that was due me for selling the call ? I figured that would go right into my account. It did not. Google suggests it should be immediate. Later today ? Looks like maybe it is not settled cash and will be entered later when settled ? |
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One thing I'm struggling to understand is if you're the person buying a call, are you just shit out of luck if the person that sold it closes it out early?
Like say you bought a call that doesn't expire until Feb 2022.... but then in say Sept 2021 the dude that sold you the call closes it out for whatever reason.... does that mean the guy that bought it thinking he'd have the option to purchase the shares until Feb 2022 has no option to buy said shares after the call was closed early |
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Originally Posted By Vengeance6661: Think those long in ZOM may be in for a treat. View Quote View All Quotes View All Quotes Originally Posted By Vengeance6661: Originally Posted By NIevo: Well ZOM has been moving in the right direction lately for those still in that POS. Think those long in ZOM may be in for a treat. I hope so.... |
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MGK
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Originally Posted By wyomingnick: OK I am confused, I did my first covered call. I sold a covered call on MVIS, immediately it shows as down 18%. I think that is because the value of the call went up and I sold it for less than that. Where is the premium that was due me for selling the call ? I figured that would go right into my account. It did not. Google suggests it should be immediate. Later today ? Looks like maybe it is not settled cash and will be entered later when settled ? View Quote If Fidelity it's been taking 1 day for mine to show up, had been immediate until last week. |
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MGK
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If a Crocodile could reach Uranus, would he lick it?
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Originally Posted By goodasgone81: One thing I'm struggling to understand is if you're the person buying a call, are you just shit out of luck if the person that sold it closes it out early? Like say you bought a call that doesn't expire until Feb 2022.... but then in say Sept 2021 the dude that sold you the call closes it out for whatever reason.... does that mean the guy that bought it thinking he'd have the option to purchase the shares until Feb 2022 has no option to buy said shares after the call was closed early View Quote Think of it just as a stock. You sell it to a person for two dollars premium, and it goes into a pool of contracts that were sold for prices anywhere from a dollar to ten dollars (in reality it’s a huge pool on a much grander price scale) You buy it back for a dollar and made money. There’s still contracts out there for varying prices, all the way down to the lowest price. The guy you sold it to is still holding that contract at that premium price value. |
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q3131: I can enjoy necrobeastialexhibitionism as much as the next guy, but homonecrobestailexhibitionism is just plain sick.
Tomislav:If you truly love something, you need to shoot it, then set it on fire. (And then post pics!) كا |
August 9th mvis had a volume of 10 mil.... since then (excluding today) it hasn't even been close to 5 mil.... today it's almost to 7 mil.... not sure what the volume was before the March down but wondering if it's shorts throwing whatever they can at it?
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I am so tired of these diving exercises.
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Originally Posted By goodasgone81: One thing I'm struggling to understand is if you're the person buying a call, are you just shit out of luck if the person that sold it closes it out early? Like say you bought a call that doesn't expire until Feb 2022.... but then in say Sept 2021 the dude that sold you the call closes it out for whatever reason.... does that mean the guy that bought it thinking he'd have the option to purchase the shares until Feb 2022 has no option to buy said shares after the call was closed early View Quote This is a misconception of how the contracts are actually handled. For each contract sold there must be a matching buy. These transactions are handled thru the Options Clearing House. Your broker has taken on the risk of resolving the contract thru the clearing house and are held on your behalf. If you are going to buy back a previously sold contract, your broker again handles it thru the clearing house. The premium of the contract reflects not only the underlying value but also the availability. If no one offers contracts to be sold you will have none to buy. Like today - $16 strike MVIS calls became popular and the premium reflected both the pps of MVIS and the volume of contracts available until she fluttered back down. |
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If a Crocodile could reach Uranus, would he lick it?
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Originally Posted By mygreenkaw: If Fidelity it's been taking 1 day for mine to show up, had been immediate until last week. View Quote View All Quotes View All Quotes Originally Posted By mygreenkaw: Originally Posted By wyomingnick: OK I am confused, I did my first covered call. I sold a covered call on MVIS, immediately it shows as down 18%. I think that is because the value of the call went up and I sold it for less than that. Where is the premium that was due me for selling the call ? I figured that would go right into my account. It did not. Google suggests it should be immediate. Later today ? Looks like maybe it is not settled cash and will be entered later when settled ? If Fidelity it's been taking 1 day for mine to show up, had been immediate until last week. Ok that is what I thought. Maybe tomorrow. |
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Dang, almost shed some MVIS at $16
At least my Friday $15.50 calls I sold are looking safer. |
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Originally Posted By steviesterno16: @kaik this is what I see when I'm in my options in RH. I know, but I had my money there already. I don't see a roll option, just what's here. Do I want to do anything to it or just let it ride and see what happens? Looks like Buy to close costs me $25, but sell to open gets me $25 https://www.ar15.com/media/mediaFiles/455820/Capture_JPG-2065698.JPG View Quote Will they let you do a calendar trade? |
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Originally Posted By wyomingnick: OK I am confused, I did my first covered call. I sold a covered call on MVIS, immediately it shows as down 18%. I think that is because the value of the call went up and I sold it for less than that. Where is the premium that was due me for selling the call ? I figured that would go right into my account. It did not. Google suggests it should be immediate. Later today ? Looks like maybe it is not settled cash and will be entered later when settled ? View Quote It depends on the trading platform. TD does not give you the money until the contract is closed. Or it starts losing value. |
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Not posting this as advice..... The last two weeks Ive changed my strategy a bit....right now is the time to limit exposure and not sell too many low strike price calls.
Last week I started upping the strike price, and length of my calls. I've been doing calls that were within $3-4 of current pricing for maximum profits.... but we all know that MVIS wont stay stagnant forever. These past two days I'm sure are mainly caused by market trends, and nothing specifically with MVIS. The IAA Mobility Conference is the 7th through the 12th. You guys keep asking for news, I doubt any news will come out before the conference. Now we do NOT know what MVIS will be showing off, but also take note that this may be the FIRST time the public will get to see their technology in person with possible actual demos. If they have an impressive LIDAR unit there, running with live demos.... that has the potential of being better than any news or article in the past year. I do not plan on having any calls with a strike price under $20 past Sept 6th. IF they have a decent showing or demos at the conference, I expect the stock price to easily hit $20. So I've been preparing accordingly. I'm also going to limit my risk and have atleast half of my position not being used as collateral, in the chance it does spike into the high $20's. Then I'll do what I posted a few weeks ago and sell 200 or so contracts for $20 strike price with $8+ premiums. |
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"I'm like some kind of evil retard Santa Claus that makes you buy your own toys." -beitodesstrafe
"I keep hearing 'must have a dialogue,' but I keep being told to shut up when I speak." -Sand_Pirate |
Should have waited until today to sell a call on lady Mavis.
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The Frog is Pepe. Someone shouts Hey Pepe @ Hillary rally, then Roger Stone Jedi Mindfucked someone in the Hillary campaign by putting Pepe in the Deplorables meme and now the shit is getting real.
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