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

**chico2663** · 05-08-20, 11:07 PM

Guys I gave you a winner in fubo. Up 5 dollars or 30% in a week.What otc company do you know that has investors like Disney,Viacom,Goldman-sacks,amc to name a few companies? It was started as a soccer station. Facebook gave them a million dollars. They are going to uplist soon. Good luck.
Also they signed mayweather so they are going to do digital boxing.

**chico2663** · 05-08-20, 11:08 PM

Also got long shot on cydy. Shorts are having field day.

**Iona** · 05-10-20, 07:19 AM

**Slurry Pumper** · 05-10-20, 01:12 PM

OK here we go people the s&p is at the top of the trading range we've been at for the last couple of weeks. So will it break out? If so the market continues its irrationally exuberant march up towards the all time highs. If not we will drift back down to support and we continue to wallow in the trading range. My bet is on wallowing for now. Like I've said before until the financials sector takes part in this rally, it just won't work. The FED and everybody else is trying to prop up the market with everything they got so the sentiment is to move up. On the other side of the ledger there is tremendous debt which is weighing down the banks. All the noise of bad news and good news is just a catalyst for which ever way the big money wants to move it. Its always this way, the market will take whatever news it can to distort for the whims of the big money moves.

**milwaukee mike** · 05-10-20, 02:12 PM

Originally posted by Slurry Pumper

OK here we go people the s&p is at the top of the trading range we've been at for the last couple of weeks. So will it break out? If so the market continues its irrationally exuberant march up towards the all time highs. If not we will drift back down to support and we continue to wallow in the trading range. My bet is on wallowing for now. Like I've said before until the financials sector takes part in this rally, it just won't work. The FED and everybody else is trying to prop up the market with everything they got so the sentiment is to move up. On the other side of the ledger there is tremendous debt which is weighing down the banks. All the noise of bad news and good news is just a catalyst for which ever way the big money wants to move it. Its always this way, the market will take whatever news it can to distort for the whims of the big money moves.

why does everyone seem to think it's irrational?

interest rates are close to 0 so any decent yield is worth chasing

and with any demand at all, prices get jacked through the roof... look at meat prices (and you can only buy 2 of whatever you want) ... used car prices in the toilet but try finding a new car that you want ... gas has pretty much doubled at the pump with only a slight increase in driving

i think i'm gonna hold a "fukk you" concert where i play the drums and sing bad covers, i think i could charge $300/ticket and have the place packed

**homie1975** · 05-10-20, 02:19 PM

Mike the cost of gas here in SoCal has plummeted

**milwaukee mike** · 05-10-20, 02:24 PM

Originally posted by homie1975

Mike the cost of gas here in SoCal has plummeted

here it has gone from 89 cents to 1.89 in the past week or two

with 50 cents of taxes cooked in to that price, the street price has essentially gone from 40 cents to 1.40!

**homie1975** · 05-10-20, 02:55 PM

Originally posted by milwaukee mike

here it has gone from 89 cents to 1.89 in the past week or two

with 50 cents of taxes cooked in to that price, the street price has essentially gone from 40 cents to 1.40!

89 cents to 1.89? Where do you live? 1990 ??

**d2bets** · 05-10-20, 03:07 PM

Originally posted by homie1975

89 cents to 1.89? Where do you live? 1990 ??

SoCal and Milwaukee might as well be on different planets.

**milwaukee mike** · 05-10-20, 03:34 PM

Originally posted by homie1975

89 cents to 1.89? Where do you live? 1990 ??

i know, it was nutso seeing that 89 cents

blink and you missed it around here, since then it seems like 20 cent increases every day

**Slurry Pumper** · 05-10-20, 04:15 PM

Originally posted by milwaukee mike

why does everyone seem to think it's irrational?

interest rates are close to 0 so any decent yield is worth chasing

It just seems irrational to think that the stock market can move 4000 points to the upside in about 1.5 months when at the same time 30 million people get shown the door, I know the stock market actually loves it when businesses trim the fat with personnel, but what about the earnings coming that show most companies with a downturn? The zero interest rate is really a bad thing but that explanation would take a while, although the market is now the only game in town to make a return so I can see why everyone is in that market. Its sort of like a hot craps table. The problem is eventually eventually a 7 will be rolled and it will be over.

It looks like a set up for another big downturn to me. Don't get caught holding the bag I still think we see the lows before we see the highs.

**milwaukee mike** · 05-10-20, 04:29 PM

Originally posted by Slurry Pumper

It just seems irrational to think that the stock market can move 4000 points to the upside in about 1.5 months when at the same time 30 million people get shown the door, I know the stock market actually loves it when businesses trim the fat with personnel, but what about the earnings coming that show most companies with a downturn? The zero interest rate is really a bad thing but that explanation would take a while, although the market is now the only game in town to make a return so I can see why everyone is in that market. Its sort of like a hot craps table. The problem is eventually eventually a 7 will be rolled and it will be over.

It looks like a set up for another big downturn to me. Don't get caught holding the bag I still think we see the lows before we see the highs.

but who is left to sell? almost everyone thought the market would retest the lows all the way up the ladder

if someone didn't sell when the world was coming to an end, they sure as hell aren't gonna sell now that things are opening up

i get what you're saying but i still disagree about the stock market direction... even though i agree that we're all doomed at some point

**homie1975** · 05-10-20, 05:00 PM

Why does it have to be binary? Seeing the ATH vs retest of the March 23 low? Somewhere in the middle while the new economy sorts itself out is an okay place to be, no? A happy medium.

I also agree w mike that the weak hands were mostly washed out in the 4 week sell off from 2/24 to 3/23

**d2bets** · 05-10-20, 05:27 PM

Originally posted by homie1975

Why does it have to be binary? Seeing the ATH vs retest of the March 23 low? Somewhere in the middle while the new economy sorts itself out is an okay place to be, no? A happy medium.

I also agree w mike that the weak hands were mostly washed out in the 4 week sell off from 2/24 to 3/23

Yeah, that's what I think. The lows were overshot from panic and now it's overshot the other way from FOMOmentum. But we're still in the 1st inning of this pandemic. There is no finger-snapping to reopen everything. The idea that we've already had 20% infection was pretty much blown out of the water today from the MLB test results. Almost 6,000 tests from all over and less than 1% had antibodies. It's only seriously hit certain locales. Most is yet to come. This is not going away. We have to learn to live with it, it won't be easy, and there is no honesty or leadership from the top on this. Doesn't bode well.

**SBR_Guest_Pro** · 05-10-20, 06:17 PM

Originally posted by milwaukee mike

i know, it was nutso seeing that 89 cents

blink and you missed it around here, since then it seems like 20 cent increases every day

Can't even get a soda for $.89.. must have accidentally seen $1.89

**milwaukee mike** · 05-11-20, 07:31 AM

Originally posted by SBR_Guest_Pro

Can't even get a soda for $.89.. must have accidentally seen $1.89

no it was 89 cents/99 cents in the milwaukee area for a bit... then 1.15 then 1.29 etc

some stations in wisconsin actually got down to 79 cents! and that is with 51.3 cents of tax/inspection fees! so the gas was 28 cents lol

Gas hits $1.89 nationwide average, but you can get it for 79 cents in one state

https://www.foxnews.com/auto/gas-1-89-nationwide-average-79-cents

Two stations in one state, that is.

**Snowball** · 05-11-20, 08:59 AM

don't like this action.
sold those USO calls for 40% gain.

**homie1975** · 05-11-20, 09:00 AM

Snowball, what is the concern with the action? perhaps just a slight trim off of profits for some folks and we normalize?

**Snowball** · 05-11-20, 09:08 AM

Originally posted by homie1975

Snowball, what is the concern with the action? perhaps just a slight trim off of profits for some folks and we normalize?

No, it's more than that. Fauci is going to talk remotely because CV is spreading in the White House.
Profit taking is not normal on a Monday morning open. It's based on news.
The loosening of CV restrictions may be leading to an increase in cases.
See how silver is a big gainer. Laying off for a lower price then get back in, chance to take.

**d2bets** · 05-11-20, 09:25 AM

Originally posted by d2bets

Great chance to buy Nvidia now under 268.

Where are my Nvidians at? $320+ today, all-time high. They report in 2 weeks.

**chico2663** · 05-11-20, 09:33 AM

Originally posted by d2bets

Where are my Nvidians at? $320+ today, all-time high. They report in 2 weeks.

was going to buy this when it was 43. I let my mom talk me out of it. Praying my fubo stock does the same. up to 20 dollars this morning

**d2bets** · 05-11-20, 09:36 AM

Originally posted by chico2663

was going to buy this when it was 43. I let my mom talk me out of it. Praying my fubo stock does the same. up to 20 dollars this morning

Did you remind your mom for mother's day? lololol

What's this FUBO thing? Nice!

**chico2663** · 05-11-20, 09:47 AM

was a sports station for soccer. it is still otc but they are supposed to uplist.Facebook gave them a million dollars. going to paste and copy from ihub.

just another OTC? Really? How many times have you seen a Bronfman like management team on an OTC? They are not long for OTC. Shareholders like Goldman Sachs, Disney, Comcast, Viacom. Typical OTC? some guy named edgar bronfman jr is the new ceo

**chico2663** · 05-11-20, 09:48 AM

could be another loser for me. bought another 45 shares at 20 pps. gives me 145 on them.

**homie1975** · 05-11-20, 10:07 AM

Originally posted by d2bets

Where are my Nvidians at? $320+ today, all-time high. They report in 2 weeks.

largest holding in my SOXX etf position! 8.88% weighted! go go go

**homie1975** · 05-11-20, 12:17 PM

well that did not last long. all three indexes in green now and of course the NQ composite leading the way yet again. big tech and biotech, carrying everything.

**Iona** · 05-11-20, 12:25 PM

Earning after the close today:

**Iona** · 05-11-20, 12:34 PM

Earnings before the open tomorrow:

**KVB** · 05-11-20, 01:23 PM

Originally posted by Snowball

No, it's more than that. Fauci is going to talk remotely because CV is spreading in the White House.
Profit taking is not normal on a Monday morning open. It's based on news.
The loosening of CV restrictions may be leading to an increase in cases.
See how silver is a big gainer. Laying off for a lower price then get back in, chance to take.

If I may ask Snowy, how are you accumulating your silver.

ETF Like SLV or SIVR? Or do you have something else in the works?

**KVB** · 05-11-20, 01:40 PM

Unreal here...

Originally posted by turtledoves

Interactive couldn't handle the negative oil prices

https://www.bloomberg.com/news/artic...ed-huge-losses

...Then came what looked like the deal of a lifetime: buying 212 futures contracts on West Texas Intermediate for an astonishing penny each.

What he didn’t know was oil’s first trip into negative pricing had broken Interactive Brokers Group Inc. Its software couldn’t cope with that pesky minus sign, even though it was always technically possible -- though this was an outlandish idea before the pandemic -- for the crude market to go upside down. Crude was actually around negative $3.70 a barrel when Shah’s screen had it at 1 cent. Interactive Brokers never displayed a subzero price to him as oil kept diving to end the day at minus $37.63 a barrel.

At midnight, Shah got the devastating news: he owed Interactive Brokers $9 million. He’d started the day with $77,000 in his account...

Costing IB 100 million dollars to pay back the customers.

**KVB** · 05-11-20, 02:27 PM

Here's that pesky S&P again, same trendlines as before...

Again, falling into the patterns of right before the crash, but with less volume.

When volatility rises, will it be with bad news or good news?

I feel like the good news of reopening just might get trumped by economic data that reveals what's happened this quarter.

**d2bets** · 05-11-20, 02:33 PM

Originally posted by KVB

Here's that pesky S&P again, same trendlines as before...

Again, falling into the patterns of right before the crash, but with less volume.

When volatility rises, will it be with bad news or good news?

I feel like the good news of reopening just might get trumped by economic data that reveals what's happened this quarter.

I think it's "reopening" and not reopening. Governments can say "yeah, go ahead and reopen", but the actual reality of doing that and whether people are comfortable on both sides of a transaction is another story. Government can't just snap a finger and make things like before. I think before too long traders will see the reality is things are just not snapping back to a pre-covid world for a long time.

Chart-wise, I wonder if today or tomorrow might see a double-top before a small drop then sideways trading then the next drop leg. That's my guess, but I've been wrong so don't listen to me.

**KVB** · 05-11-20, 02:35 PM

The range is so narrow, so intentional.

I hate when they spit in our eye and tell us it's raining.

Meaning it reeks of manipulation.

**jjgold** · 05-11-20, 05:11 PM

Markets still seem over valued

**guitarjosh** · 05-11-20, 05:14 PM

Originally posted by jjgold

Markets still seem over valued

That's because they are. It doesn't mean the market can't become more overvalued.