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

[trobin31]

I bought 10 shares of TVIX around noon, sold 15 minutes before closing bell. Pretty much got back everything that slipped.

basically sympathy selling off today. Even FAANG+M saw loses. I still have my alerts set for

FAANG+M at 20% below current prices and double buy if 40% drop

MRNA, to be clear, phase 2 of this study just finished enrolling patients and as of yet no results. The only announcement that came out was Moderna finished writing the protocol for phase 3. So basically they have the blueprint for how they want to run the next phase of the study but don’t know if the vaccine is effective or safe enough yet because phase 2 is not completed. One could maybe extrapolate they have seen positive results thus far with phase 2 to make this announcement about expecting to move into phase 3 next month

[whydubya]

XSPA running up huge after hours without news..someone knows something..

[homie1975]

I bought 10 shares of TVIX around noon, sold 15 minutes before closing bell. Pretty much got back everything that slipped.

basically sympathy selling off today. Even FAANG+M saw loses. I still have my alerts set for

FAANG+M at 20% below current prices and double buy if 40% drop

MRNA, to be clear, phase 2 of this study just finished enrolling patients and as of yet no results. The only announcement that came out was Moderna finished writing the protocol for phase 3. So basically they have the blueprint for how they want to run the next phase of the study but don’t know if the vaccine is effective or safe enough yet because phase 2 is not completed. One could maybe extrapolate they have seen positive results thus far with phase 2 to make this announcement about expecting to move into phase 3 next month

i will be SHOCKED if the FAANG stocks drop 10% aggregate from here let alone 20% Bro

they are far too sought after and will get scooped up by Institutions if they drop even 10% from these levels maybe just 7% to be honest

[KVB]

Thanks trobin, good to see you around in this thread.

[navyblue81]

I think market will rally a bit tomorrow. Early futures seem positive thus far. Usually does after a record drop. So we should close the week out on a good note after a run of rough days.

[d2bets]

I think market will rally a bit tomorrow. Early futures seem positive thus far. Usually does after a record drop. So we should close the week out on a good note after a run of rough days.

We'll see. Put me down for further drop 1.5-2% by EOD.

[HockeyRocks]

Of course there won't be a viable vaccine, but it doesn't matter.

It will be released, barely tested, and the label will say it is untested and unreliable. This is because the virus has already mutated, even those producing a vaccine will admit that.

So in the end the release of a vaccine will be political, not actually functional. It won't need to be a working vaccine, they just need to declare an available vaccine and this whole thing is over.

What if the FDA does not put there stamp of approval on it?

[homie1975]

I think market will rally a bit tomorrow. Early futures seem positive thus far. Usually does after a record drop. So we should close the week out on a good note after a run of rough days.

Navy I hope so but i would not be surprised if the bleed out does not run tomorrow and Monday with the buying beginning Tue of next week and then next week finishes strong.

[homie1975]

We'll see. Put me down for further drop 1.5-2% by EOD.

I agree.

But 2er you are leaving a lot of money on the table by not getting into the market and being Bearish 100% of the time.

did you lose your asss in the past in stocks? you are a great guy, a smart guy, one of my favorite posters here because you are such a nice dude, but you seem to hate the stock market and are always Bearish.

why?

[trobin31]

Thanks trobin, good to see you around in this thread.

[KVB]

What if the FDA does not put there stamp of approval on it?

Well then they won't release a vaccine. Read the first sentence of the post..."Of course there won't be a viable vaccine"...the FDA has nothing to do with it.

The FDA is just another step, which also happens to be very political.

Don't forget, this is worldwide so most of the people, and the world economies don't really give a shit what the FDA says.

[d2bets]

I agree.

But 2er you are leaving a lot of money on the table by not getting into the market and being Bearish 100% of the time.

did you lose your asss in the past in stocks? you are a great guy, a smart guy, one of my favorite posters here because you are such a nice dude, but you seem to hate the stock market and are always Bearish.

why?

Not really true. Go back before this year and I was not bearish. But yes, right now I'm permanently bearish and admit I am very surprised about the surge in the last couple months. I have definitely left money on the table recently, admittedly not thrilled about it.

Your calls have certainly been better than mine lately. I definitely consider your thinking.

[grease lightnin]

I agree.

But 2er you are leaving a lot of money on the table by not getting into the market and being Bearish 100% of the time.

did you lose your asss in the past in stocks? you are a great guy, a smart guy, one of my favorite posters here because you are such a nice dude, but you seem to hate the stock market and are always Bearish.

why?

He’s like Andrew Ross Sorkin. Fukin guy was giddy today on squawk box

[HockeyRocks]

Well then they won't release a vaccine. Read the first sentence of the post..."Of course there won't be a viable vaccine"...the FDA has nothing to do with it.

The FDA is just another step, which also happens to be very political.

Don't forget, this is worldwide so most of the people, and the world economies don't really give a shit what the FDA says.

Very political...

[guitarjosh]

I think market will rally a bit tomorrow. Early futures seem positive thus far. Usually does after a record drop. So we should close the week out on a good note after a run of rough days.

Yeah, VIX got way overbought today, if it goes up tomorrow I'll load the boat for next week.

[CanuckG]

Everyone knew this week would be a blood bath

Like I said before airlines were skyrocketing and they literally have no business lol

They won't be making any money for months, and they're in serious debt

Penny stocks are all susceptible to crazy gains and crazy lows because 25 year olds all sitting at home gambling

You must be up tens of thousands then if you knew

[navyblue81]

Remember a week ago when VISL was over $2? Damn how that stock has tumbled. DGLY has come back down to earth, too.

[homie1975]

Not really true. Go back before this year and I was not bearish. But yes, right now I'm permanently bearish and admit I am very surprised about the surge in the last couple months. I have definitely left money on the table recently, admittedly not thrilled about it.

Your calls have certainly been better than mine lately. I definitely consider your thinking.

I ask because I remember the 87 crash when I was a youngster and my old man and lots of our friends lost tons of paper money in the blink of an eye. They swore off the market. They began hating it like it was the enemy and probably cost themselves a fortune by not having portfolios outside of their 401Ks after that event.

[navyblue81]

Question on Moderna. I bought it at 63. If it is successful with the vaccine and is the supplier, how high do you think it could go up to?

[cornmeal]

Question on Moderna. I bought it at 63. If it is successful with the vaccine and is the supplier, how high do you think it could go up to?

As high as Bill Gates wants it to go- many think its a winner.

[trobin31]

Question on Moderna. I bought it at 63. If it is successful with the vaccine and is the supplier, how high do you think it could go up to?

I don’t think there is precedent for this situation, if a vaccine got approved and was available for distribution in the uSA, several other companies can manufacture the a similar vaccine and compete. Currently moderna appears to be in the lead for an MRNA vaccine, which most are speculating could more immunogenicity than traditional vaccines which use the shell of another less pathogenic virus. Cost per vaccine is estimated at 100-200 dollars per patient. Figure at least 1/3 of US population gets vaccinated, 100million x100-200million. We are talking billions in revenue each year. However, other companies like J&J and others may also produce a vaccine subsequently approved by FDA which could compete.

if a vaccine did get approved, I think hype alone could run a stock up well over 200%

[d2bets]

I ask because I remember the 87 crash when I was a youngster and my old man and lots of our friends lost tons of paper money in the blink of an eye. They swore off the market. They began hating it like it was the enemy and probably cost themselves a fortune by not having portfolios outside of their 401Ks after that event.

Haha nah I'm not that old. Did watch the stock ticker on TV sometimes in the 80's with my grandpa though. Sat there for a half hour waiting for the ticker showing his company flashed by. Showed in 1/8, 1/4, etc. What channel was that anyway? Pretty sure it wasn't CNBC back them, but something like that.

[homie1975]

Haha nah I'm not that old. Did watch the stock ticker on TV sometimes in the 80's with my grandpa though. Sat there for a half hour waiting for the ticker showing his company flashed by. Showed in 1/8, 1/4, etc. What channel was that anyway? Pretty sure it wasn't CNBC back them, but something like that.

I know, Bud, but i thought you had a bad experience like my Pops and many of his friends did. All very sharp guys too (electrical and mechanical engineers) but in those days they could have never imagined a straight nosedive because it hadn't happened in decades maybe since the Great Depression, in terms of precipitous falls.

i have another buddy who is sharp as a tack but he lost his asss trading stocks a decade ago and even though i did not know exactly what he was doing i called him on it and guessed he was playing options and trying to capture gains in both directions and most of those guys, not all, but most will lose long term.

when i called this a "generational buying opportunity" a few mos ago, he told me and the other buddies that we are all insane for trying to play the market and that we should buy real estate instead LOL

he simply hates the stock market because it beat him, but had he just not been greedy, he could've made tons of money holding long or just trading but avoiding options

[trobin31]

Expecting a rally tomorrow, attack Techs and Health care.
likely gonna be ollowed by another large if not larger sell off within the next week.
I’d say unload any gains tomorrow before closing bell and sleep with your money for the weekend.
Day trade Inverse ETFs Monday if there is another sell off and buy your money makers at a discount before the bell rings.
I don’t know if this is a healthy pull back, There isn’t anything to compare this historically so we are all just guessing and reacting but history tells us we should see overall gains the coming weeks to months if the news cycle stays quiescent.... lol

[Goat Milk]

You must be up tens of thousands then if you knew

Don't know how to do options, I'm a rookie. Just knew was gonna be bloodbath by looking at the pure economics of companies. That's something I understand well, and these prices were only high because ppl that don't do this for a living are doing it 24/7, and that's why the market is as it is.

Maybe I should learn options cause I think I could crush it.

[Goat Milk]

I don’t think there is precedent for this situation, if a vaccine got approved and was available for distribution in the uSA, several other companies can manufacture the a similar vaccine and compete. Currently moderna appears to be in the lead for an MRNA vaccine, which most are speculating could more immunogenicity than traditional vaccines which use the shell of another less pathogenic virus. Cost per vaccine is estimated at 100-200 dollars per patient. Figure at least 1/3 of US population gets vaccinated, 100million x100-200million. We are talking billions in revenue each year. However, other companies like J&J and others may also produce a vaccine subsequently approved by FDA which could compete.

if a vaccine did get approved, I think hype alone could run a stock up well over 200%

How can someone else produce a vaccine using a formula that Moderna will, I assume, patent?

[grease lightnin]

Sorkin is upset this morning that the futures are rebounding

[milwaukee mike]

Sorkin is upset this morning that the futures are rebounding

yeah and now becky and meg are ecstatic they can report all these new covid cases! but oops they showed the chart showing daily cases going DOWN even as they're testing 10x as many people

oh no the new wave is gonna kill us all, better hide under the bed for another year until pandemic 2 comes around

[milwaukee mike]

andrew and pilar probably sit around poking each other with those beaks

[zam77]

yeah and now becky and meg are ecstatic they can report all these new covid cases! but oops they showed the chart showing daily cases going DOWN even as they're testing 10x as many people

oh no the new wave is gonna kill us all, better hide under the bed for another year until pandemic 2 comes around

What a joke... how are people so naive. Milky... what’s a simple gameplan here? Is there going to be a big buying opportunity in the next week or two? Is it today? Are the Scaredy-cats still going to kill general consumer confidence? What’s your plan??? Zammer needs some direction

[trobin31]

How can someone else produce a vaccine using a formula that Moderna will, I assume, patent?

Intellectual property rights for vaccines can be tricky, all they have to do is change the process for how they develop the vaccine or one key component and it’s no longer their intellectual property. Plus, given the scope and nature of this disease it’s highly unlikely one company will be able to produce enough vaccine globally and it may decided a company has a moral obligation to allow other companies to produce and distribute. China has a long history of not respecting intellectual property anyway and they most likely will just copy without respecting foreign patents anyway and no one will stop them.

[chico2663]

Betting on cydy. It has already saved people in New York and San Fran. It is otc so that means they keep shorting it.

[navyblue81]

A good buy day. But as said above, I would sell any of your short-terms after the day ends. I think it's your typical one-day bounce after a nightmare day. The bad dream continues next week if these COVID numbers keep trending in the wrong direction.

[milwaukee mike]

What a joke... how are people so naive. Milky... what’s a simple gameplan here? Is there going to be a big buying opportunity in the next week or two? Is it today? Are the Scaredy-cats still going to kill general consumer confidence? What’s your plan??? Zammer needs some direction

i would keep looking for opportunities in quality companies that will survive, and then thrive

mcs at 14
play at 14
ryi at 5

[HockeyRocks]

Haha nah I'm not that old. Did watch the stock ticker on TV sometimes in the 80's with my grandpa though. Sat there for a half hour waiting for the ticker showing his company flashed by. Showed in 1/8, 1/4, etc. What channel was that anyway? Pretty sure it wasn't CNBC back them, but something like that.

I used to watch that show, they would quote like up 28 1/4 or down 33 3/4. I remember one guy was a very sharp dresser, heavy set, wore thin glasses and had his hair slicked back...I goota find out who that was..