Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[homie1975]

Nice move on BA homie.

HR and Mike - thank you. it was dumb luck on the timing. i had zero idea that they would announce the puget sound plant reopening yesterday after the close. yes i was stalking BA since the drop sub $100 because I like it as a long term hold, but i only nibbled it because i still believe the broad market has too much downside risk and this of course will be one of the first ones to sell off. if this guy gets down to to the $100-110 range, I have to think seriously about adding to the position.

[d2bets]

boom AMC mother fukkers!!!

i hope that jackass that downgraded the stock with a price target of $0.25 (just 3 days ago!) feels really dumb

buy the existing bonds if you can get your hands on them, closed yesterday at 23 cents, probably worth at least 60 in the near future... after june they start collecting $20 million/month from a-list again, costs are reduced big time

Taking some profit?

[milwaukee mike]

Taking some profit?

no, i'm just holding the bonds (and still way down on them), even though they got as low as 22 i wouldn't sell them for anything less than 100

only thing i sold today was some wwe, it's up 8 days in a row and over 40% off the low, so i sold most of it ahead of earnings next week

[homie1975]

"Markets can stay irrational........."

[guitarjosh]

"Markets can stay irrational........."

"Longer than you can stay solvent"

[Slurry Pumper]

Yeah, I'm trying to catch some long term positions as well with BA as a favored government bailout stock, and SPH which is one of my favs because the stock has a 15% dividend and a usually steady price, and at around $14, I can't stop loading up. I'm trying to find a tech sector stock I like other than Apple, and Tesla. Tesla doesn't deserve its high stock price, but I've been shorting and going long with much success on that one and I can't leave that cash cow alone.

Since this post on 4/7/2020, Tesla is shooting up the charts as a ridiculous stock that most assuredly I cannot for the life of me figure out why??? Then again I could care less I got a good $50 dollar trailing stop to allow for some volatility in trading while locking in profits if things go bad, and really they should this company is the height of show companies that don't deserve their valuations.

[Iona]

Since this post on 4/7/2020, Tesla is shooting up the charts as a ridiculous stock that most assuredly I cannot for the life of me figure out why??? Then again I could care less I got a good $50 dollar trailing stop to allow for some volatility in trading while locking in profits if things go bad, and really they should this company is the height of show companies that don't deserve their valuations.

I do not own Telsa, so I have no Dog in this fight.

Just cannot understand how their stock price is up 200 points after announcing they will NOT be paying their rent.

I don't get it !

[Iona]

Since this post on 4/7/2020, Tesla is shooting up the charts as a ridiculous stock that most assuredly I cannot for the life of me figure out why??? Then again I could care less I got a good $50 dollar trailing stop to allow for some volatility in trading while locking in profits if things go bad, and really they should this company is the height of show companies that don't deserve their valuations.

Delighted you are making $$$$, and you are smart to have a trailing stop.

[homie1975]

Another round of small biz rescue is close to completion which should help today's futures

[MinnesotaFats]

Another round of small biz rescue is close to completion which should help today's futures

LOL

Great, maybe Applebees can get a $40mm loan for their part time staff and full time executives while 5,000,000 plumbers and electricians who work solo have to fukk around w the banks stupid forms still....and then apply for $10k, and get nothing

[chico2663]

Why else do you think the i.g. was fired?

[HockeyRocks]

Why else do you think the i.g. was fired?

i.g. ?

[milwaukee mike]

LOL

Great, maybe Applebees can get a $40mm loan for their part time staff and full time executives while 5,000,000 plumbers and electricians who work solo have to fukk around w the banks stupid forms still....and then apply for $10k, and get nothing

max loan is $10 million

[d2bets]

max loan is $10 million

Max is $10m, but it seems business with different locations in some cases can count each as a separate business. For example, Shake Shack did that.

[d2bets]

Futures down ~ 1% at the moment.

Last few week's bear market rally is over IMO. Slow walk back down a bit, although probably won't quite retest lows.

Current 2,875 on the S&P. Put me down for a 8-10% drop this week to between 2,585 and 2,645.

[chico2663]

i.g. ?

inspector general. the person supposed to keep account of the money.

[MinnesotaFats]

Max is $10m, but it seems business with different locations in some cases can count each as a separate business. For example, Shake Shack did that.

That's right....it's per location or some indiscriminate segregation by state or region.

Dumbest fukking waste of money I've ever seen.

Just send $15k to each person 18-60 no questions asked.

That's the fix. Instead they clog it w bureaucratic bullshit and forms.

[chico2663]

Futures down ~ 1% at the moment.

Last few week's bear market rally is over IMO. Slow walk back down a bit, although probably won't quite retest lows.

Current 2,875 on the S&P. Put me down for a 8-10% drop this week to between 2,585 and 2,645.

woke up to nightmare that i lost 25,000 this week. should sell but i have fomo.

[d2bets]

That's right....it's per location or some indiscriminate segregation by state or region.

Dumbest fukking waste of money I've ever seen.

Just send $15k to each person 18-60 no questions asked.

That's the fix. Instead they clog it w bureaucratic bullshit and forms.

I take you're not 61. lol

But in fairness, that would not save businesses and jobs.

In theory this is better, but in practice they fukked it up.

[d2bets]

woke up to nightmare that i lost 25,000 this week. should sell but i have fomo.

Sell first thing in the morning, unless it's tax nightmare.

[pavyracer]

The Trump rally will start tomorrow. Trump will go all in on opening the economy as is the only chance he has to get re-elected. Market should go up now for a while.

[MinnesotaFats]

I take you're not 61. lol

But in fairness, that would not save businesses and jobs.

In theory this is better, but in practice they fukked it up.

170mm 18-60

$15k per = $2.5trillion

These pop loans arent saving businesses, they're designed to keep ppl off unemployment.

Only consumers with money will save business. Only reason to have a business is to earn income.

This $15k would be replacement income for everyone.

End of debacle. 1 check, 60 day shutdown from 3.15-5.15

Open it all back up 5.16

It's that fukking simple.

Politicans fukking it all up again making it worse.

[d2bets]

170mm 18-60

$15k per = $2.5trillion

These pop loans arent saving businesses, they're designed to keep ppl off unemployment.

Only consumers with money will save business. Only reason to have a business is to earn income.

This $15k would be replacement income for everyone.

End of debacle. 1 check, 60 day shutdown from 3.15-5.15

Open it all back up 5.16

It's that fukking simple.

Politicans fukking it all up again making it worse.

But how many businesses will shutter in the meantime? Open it back up but 25% of the jobs could be poof gone. Sorry, I actually agree with the idea of the ppp, but it was just badly executed.

[homie1975]

170mm 18-60

$15k per = $2.5trillion

These pop loans arent saving businesses, they're designed to keep ppl off unemployment.

Only consumers with money will save business. Only reason to have a business is to earn income.

This $15k would be replacement income for everyone.

End of debacle. 1 check, 60 day shutdown from 3.15-5.15

Open it all back up 5.16

It's that fukking simple.

Politicans fukking it all up again making it worse.

Ok Minner but many over 60 still working and need help too so why are u capping the age at 60?

[homie1975]

Crude under $16

[Iona]

Crude under $16

LOL, now it's at 11.

However, this is the May contract which expires tomorrow.

The June contract is more representative; it is trading at 23ish.

[HockeyRocks]

Didn't Sleazebags big beauitiful oil deal between him and Mexico, Russia and SA supposed to prevent what is happening with oil now??? Or was that just more BS not knowing what the fuk he was talking about.

[milwaukee mike]

Futures down ~ 1% at the moment.

Last few week's bear market rally is over IMO. Slow walk back down a bit, although probably won't quite retest lows.

Current 2,875 on the S&P. Put me down for a 8-10% drop this week to between 2,585 and 2,645.

8-10% drop for the week? that's laughable

i'll give you 3-1 odds on the s&p being under 2640 at friday's close

[homie1975]

8-10% drop for the week? that's laughable

i'll give you 3-1 odds on the s&p being under 2640 at friday's close

so Mike you don't think the earnings no matter how baked in they are, won't or can't spook the market enough to cause at least a 7.8% drop? yes it would be a bit surprising but 3 to 1 odds? that is very bold !!

[Shafted69]

Crude now at $8 ............... can it go to a negative value ? lol

[milwaukee mike]

Crude now at $8 ............... can it go to a negative value ? lol

unreal to see a 7 handle and yet oih is flat

nobody wants to take delivery because there's nowhere else to go with it... so yes some real dirty stuff is already a negative price

[homie1975]

Crude under $2.50 now WOW

[Shafted69]

Crude at 0.26 ............ looking for negative value soon.

[ThaTopMoron]

ROKU up another $15 TODAY ALONE... told you fukks it wasn't too late to grab it

my ROKU stock just for today went up almost 4 digits in value

it's up to $128.... it's 52 week high was 176.55 so there's more money to be made... it's gone up 83% in just under 1 month since I grabbed it

ROKU was at 135 earlier today

closing in on doubling my investment... might be time to profit at $145 to 150

[Lineman]

Maybe can someone here help me understand. The whole world is sitting on their asses and the market is on its way to V shape recovery?