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

**chico2663** · 04-20-20, 01:32 PM

[QUOTE=Lineman;29398472]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?

[/QUOT
Easy. because most people don't have money in the market.

**d2bets** · 04-20-20, 01:39 PM

Originally posted by Shafted69

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

It's negative. So how do I get someone to pay me to take their oil? I think I'm going to go to my gas station, fill 'er up and then ask for my payment.

**d2bets** · 04-20-20, 01:42 PM

Originally posted by milwaukee mike

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

Really my option on that should be way higher than 3-1. But I'll take it. My 100 points to your 300. Deal?

**trytrytry** · 04-20-20, 01:42 PM

minus 3

**milwaukee mike** · 04-20-20, 01:49 PM

Originally posted by d2bets

Really my option on that should be way higher than 3-1. But I'll take it. My 100 points to your 300. Deal?

ok

yes this morning your price should've been better, here at 2840 it's probably pretty fair, i wish you the worst of luck

**Shafted69** · 04-20-20, 01:49 PM

-40.0 intraday low. wow !!

**d2bets** · 04-20-20, 01:52 PM

Originally posted by Shafted69

-40.0 intraday low. wow !!

What does this even mean? I don't get it. You get paid for storing and keeping the oil?

**d2bets** · 04-20-20, 01:54 PM

14:46 ET - US benchmark oil prices fall by the most ever, tumbling first to just one cent a barrel before turning negative and ending the session at -$37.63/bbl. That means investors would be paid to take delivery of WTI oil at the hub in Cushing, Okla. "Cushing is landlocked and stocks look likely to be full within 3 weeks," says Chris Midgley at S&P Global Platts. "This will make it increasingly difficult to deliver crude into the WTI contract. This weekend saw the price of WTI futures crash as traders had to sell long positions to avoid being caught having to deliver physical oil into the contract when there is no storage available."

**d2bets** · 04-20-20, 01:56 PM

Ya think!? This an entire headline and article. Like something out of The Onion. Not even sure which billionaire.

'World is more screwed up' than market is reflecting, billionaire investor warns

Today 2:51 PM ET (MarketWatch)
(END) Dow Jones Newswires
April 20, 2020 14:51 ET (18:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.

**d2bets** · 04-20-20, 01:58 PM

Could be a seriously ugly final hour here with key support levels breached. As the unnamed billionaire says....wtf.

Next real support is 2,760. Could happen fast.

**d2bets** · 04-20-20, 02:04 PM

Lot of earnings reports today and this week. Let's see what they say. I would expect warnings like crazy. For the obvious reasons, and beyond that I would double and triple warn to be "safe" and to create room for future upside surprise. Everything sucks this quarter and next for everyone so why sugar coat it. Say it's horrible and position to say "hey it wasn't that horrible because we rock."

**homie1975** · 04-20-20, 02:13 PM

[QUOTE=chico2663;29398496]

Originally posted by 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?

[/QUOT
Easy. because most people don't have money in the market.

^ This

huge disconnect between wall street and main street. but what else is new.

**milwaukee mike** · 04-20-20, 02:21 PM

negative $37/barrel for oil, that is the craziest thing i've ever seen

i would be pumping it into the lake and risk getting arrested for that price

**d2bets** · 04-20-20, 02:24 PM

Originally posted by milwaukee mike

negative $37/barrel for oil, that is the craziest thing i've ever seen

i would be pumping it into the lake and risk getting arrested for that price

**MinnesotaFats** · 04-20-20, 02:39 PM

Originally posted by d2bets

What does this even mean? I don't get it. You get paid for storing and keeping the oil?

It's a chance to but an option that comes due at 230 tomorrow.

The problem is, you're going to get a phone call at 231 asking where u want it delivered....WTF you gonna do.

**d2bets** · 04-20-20, 03:00 PM

Originally posted by MinnesotaFats

It's a chance to but an option that comes due at 230 tomorrow.

The problem is, you're going to get a phone call at 231 asking where u want it delivered....WTF you gonna do.

Send it to someone like a prank pizza delivery order?

**d2bets** · 04-20-20, 03:01 PM

Let's see what happens AH after some of these earnings reports and earnings calls roll in.

**HockeyRocks** · 04-20-20, 03:05 PM

Originally posted by d2bets

14:46 ET - US benchmark oil prices fall by the most ever, tumbling first to just one cent a barrel before turning negative and ending the session at -$37.63/bbl. That means investors would be paid to take delivery of WTI oil at the hub in Cushing, Okla. "Cushing is landlocked and stocks look likely to be full within 3 weeks," says Chris Midgley at S&P Global Platts. "This will make it increasingly difficult to deliver crude into the WTI contract. This weekend saw the price of WTI futures crash as traders had to sell long positions to avoid being caught having to deliver physical oil into the contract when there is no storage available."

You're much more versed on this than i am, however, when demand for oil is at zero, why wouldn't the prices go to zero or less....

**HockeyRocks** · 04-20-20, 03:15 PM

Originally posted by d2bets

14:46 ET - US benchmark oil prices fall by the most ever, tumbling first to just one cent a barrel before turning negative and ending the session at -$37.63/bbl. That means investors would be paid to take delivery of WTI oil at the hub in Cushing, Okla. "Cushing is landlocked and stocks look likely to be full within 3 weeks," says Chris Midgley at S&P Global Platts. "This will make it increasingly difficult to deliver crude into the WTI contract. This weekend saw the price of WTI futures crash as traders had to sell long positions to avoid being caught having to deliver physical oil into the contract when there is no storage available."

So just read about this at CNBC...Oil futures trade by the month so the price of oil will not fall below zero.

**milwaukee mike** · 04-20-20, 03:22 PM

Originally posted by d2bets

Send it to someone like a prank pizza delivery order?

i would send 100,000 barrels to our governor, and pocket the $3.7 million

**Shafted69** · 04-20-20, 03:28 PM

IBM misses and withdraws forecast for the year.

**milwaukee mike** · 04-20-20, 03:33 PM

Originally posted by Shafted69

IBM misses and withdraws forecast for the year.

looked like a beat on eps to me, miss on revenues

up 30 points in the last month so giving back $1 is meaningless

**d2bets** · 04-20-20, 03:34 PM

Originally posted by Shafted69

IBM misses and withdraws forecast for the year.

Probably will see a lot of forecast withdrawing. Nobody wants to be wrong and proven too optimistic. Take everything with grains of salt.

**JMobile** · 04-20-20, 03:48 PM

Originally posted by homie1975

Crude under $2.50 now WOW

What crude symbol you guys looking at? I'm finding different ones

**chico2663** · 04-20-20, 11:35 PM

bought xom and mro today. By xmas i should be well.

**Iona** · 04-21-20, 08:07 AM

Originally posted by chico2663

bought xom and mro today. By xmas i should be well.

I bough XLE (energy ETF) which is basically XOM and CVX.

Figure the BIG Guys will survive and perhaps prosper if / when they gobble up the weaker players on the cheap.

**milwaukee mike** · 04-21-20, 09:43 AM

Originally posted by chico2663

bought xom and mro today. By xmas i should be well.

i could see buying xom at 30, but at 40 when oil prices and the outlook is worse than it was a month ago? still probably cheap on a long-term basis but you're not stealing it

**d2bets** · 04-21-20, 10:14 AM

Originally posted by milwaukee mike

ok

yes this morning your price should've been better, here at 2840 it's probably pretty fair, i wish you the worst of luck

Getting nervous? Still a long way to go to 2640. But this week is predictably ugly.

**d2bets** · 04-21-20, 10:14 AM

Great chance to buy Nvidia now under 268.

**d2bets** · 04-21-20, 10:17 AM

Straight down after breaking that 2760 support. Really not much support until 2630 or so, although I doubt that happens today.

What's weird is that the virus news has actually improved the last couple of days versus last week which was worse. Still too early to breathe easy.

**milwaukee mike** · 04-21-20, 11:28 AM

Originally posted by d2bets

Getting nervous? Still a long way to go to 2640. But this week is predictably ugly.

what am i in for? 300 betpoints? i think i can swing that... good call so far on the drift lower

**d2bets** · 04-21-20, 11:43 AM

Originally posted by milwaukee mike

what am i in for? 300 betpoints? i think i can swing that... good call so far on the drift lower

Yeah. I'm just not seeing much support until the low 2600's. 1-month chart looks like a rollover. But it'll probably close Friday 2641.

**Slurry Pumper** · 04-21-20, 11:50 AM

Originally posted by d2bets

Straight down after breaking that 2760 support. Really not much support until 2630 or so, although I doubt that happens today.

What's weird is that the virus news has actually improved the last couple of days versus last week which was worse. Still too early to breathe easy.

Yeah this the time that I'm picking up some more long term stock plays that I have. I did get stopped out of Tesla, and I'm thinking of going short on it although the nasdaq has a way of holding up this stock I think. It is really worth maybe $150 on a good day, so this may be a long term short play for me. At least it could develop into a long play anyway. Still short XLF and that is starting to work for me, and picking up Boeing when it dips below $125. I see they are really trying to pump up Boeing but they just can't keep any momentum for short term buying of this stock. If you get some be prepared to hold for 5 + years before you sell.

**chico2663** · 04-21-20, 12:17 PM

Originally posted by HockeyRocks

You're much more versed on this than i am, however, when demand for oil is at zero, why wouldn't the prices go to zero or less....

because oil in beginning stage is yucky. Also that oil hasn't been broke down so nothing you could do with it.

**chico2663** · 04-21-20, 12:18 PM

Originally posted by Slurry Pumper

Yeah this the time that I'm picking up some more long term stock plays that I have. I did get stopped out of Tesla, and I'm thinking of going short on it although the nasdaq has a way of holding up this stock I think. It is really worth maybe $150 on a good day, so this may be a long term short play for me. At least it could develop into a long play anyway. Still short XLF and that is starting to work for me, and picking up Boeing when it dips below $125. I see they are really trying to pump up Boeing but they just can't keep any momentum for short term buying of this stock. If you get some be prepared to hold for 5 + years before you sell.

i think exxon will be same way