Moderna killing me today. Should have sold after yesterday
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fb inching to 220. Waiting til 300 to take some profits.Comment -
Anyone listening to INO presentation today?Comment -
Rough last hour for the market today as the S&P continues to be range bound in the I-Beam of bullshit chart. Usually a tanking in the last hour doesn't bode well for the next day, but we'll see. I expect the plunger boys to come in later tonight an put up some more scaffolding. Basically this market doesn't go higher without the financial participation. Until that happens, you can have all the vaccine and treatment news you like along with stories of the country opening up for bidness and it just won't matter until the banks show up and represent.Comment -
Don't worry about the S&P, Nasdaq, Dow so much as the news from your individual stocks.
The primary separation now - is between Covid stocks (pharma, streaming, shipping-based shopping)
and the growing appetite for buying back into the beaten down sectors who are only starting to emerge
from Covid decimation. Therefore, sector shifts and shifts away from macros into mediums and micros
can make the Big Averages appear to be stressed, but what's really happening is the shift from Covid stocks
to others that are not often represented in the Big Averages.Comment -
ROKU looks like a short.
BA is a buy.
Rumor that GE may spin off its segments which would be VERY long term bullish for the stock.
June reopenings and back to work numbers are going to make visible in real terms
that the worst is over. And it IS over because the restrictions are TOO MUCH
and people are getting rightfully upset.Comment -
I think I agree. As an engineer by trade, I don't partake in language that well. Are you saying that the stocks that were doing well right after the late March lows, are getting long in the tooth, and the new stocks sectors to look at would be the Oil, Financial, Air Line, Brick and Mortar Retail, and Restaurants along with the Russel 2000ish stocks? BTW what about gold mining stocks, I've made a killing in stocks like GDX and AUY? I think those keep going for a while, and when the fundamentals catch up to reality I think the gold miners soar again.Comment -
Is Moderna's vaccine gonna work? All stocks are relying on one company.... Strange feeling.Cause Sleep is the Cousin of DeathComment -
Going with Roku today. Early futures look good.Comment -
No they have many companies that are in trials to be the big winner.Comment -
in order to wager we have to define "fail". you mean retest the March 23 lows? No.
the market is being driven back up mainly by Big Tech and The Fed.
all the vaccine news and meds like Remdesivir do, are prop up the market with a small boost. if neg news comes out there is a mini sell off.
i am with D2 that the next Support point is SPX 2640.
i will be very surprised if we drop below this between now and 12/31/2020Comment -
So let's take a look at a possible chain of events.
- economies reopen.
- moderna and others continue to work.
- infection rate goes up.
- stocks go down
- we keep the economies open but the new numbers start to scare people again and they don't go out much besides work
- certain workplaces start to get corona employees and those companies shut down again
- cnn scares ppl even more now
- stocks plummet
- moderna and others continue to work
- fall comes
- hospitals become overhwhelmed with the cold weather, tons of ppl think they have corona
- stocks go down more
- we'll doing whatever we can to get the vaccine up and going, but more are dying
If you think this is a possible scenario, then this illustrates how the entire stock market is relying on moderna and other biotechs.Cause Sleep is the Cousin of DeathComment -
I don't know. It seems like moderna was pump and dump.Comment -
True, but there's still a lot to consider, and every company has its own set of vulnerabilities, such as what levels of revenue will return, how quickly, and the damages to the financial conditions of the companies is so different that no algorithmic traders are going to be able to predict fundamental analysis that will move the money according to responsibility to clients.
I know charting, but I don't like algorithms and high-speed trading network softwares that have been fed on easy money since 2010 or so. Why is because they made fundamentals basically irrelevant - fundamentals ARE NOW relevant again in a big way to the individual stock picker. They aren't as relevant to the index and sector traders, but the biggest gains and losses are in individual equities, so trust me when I say fundamentals are BACK - at least for a while.
anyway I sold the SPG calls and I'm up a solid 85% for May between SPG and USO alone. I didn't buy Draftkings warrants but I told a friend of mine about them at the end of April and he's up well over 100%.
I still like some sectors quite a bit but we can't just look at technicals because there is the big, bad quarterly reports coming up - not the most recent one, but the next one - which will fully imprint all the financial damage done to companies during their shutdowns. That's not coming up until August - and the numbers will be horrific for many, dilutions will occur - secondary offerings, debt downgrades, all sorts of balance sheet annihilations we haven't seen yet. The positivity to make investors overlook it will have to be just about perfect - full traffic, full school and sports schedules, and successful phase 2 vaccine results from more than one company.Last edited by Snowball; 05-20-20, 09:31 AM.Comment -
Isn't Moderna under investigation by SEC for fleecing investors? Non COVID related stuff, but that's added riskComment -
"stay at home stocks" such as AMZN and NFLX and so many others, have lifted the market FAR MORE than any single or group of biotech stocks has.
let's move on. We are surging higher in the market, thanks mainly to Big Tech (all employees can WFH no problem) and Stay-At-Home stocks. there are too many to nameComment
