Re: who is bailing on stocks?
[Re: hooziewhatsit]
#2753108
03/18/20 12:20 PM
03/18/20 12:20 PM
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Joined: Dec 2003
Posts: 22,695 Bitopia
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,695
Bitopia
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Checks in the mail sounds like socialism to me.
Then your definition of socialism is wrong Sounds like definitions then, are just to fit the occasion.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
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Re: who is bailing on stocks?
[Re: Hemi_Joel]
#2753109
03/18/20 12:21 PM
03/18/20 12:21 PM
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Joined: Feb 2014
Posts: 1,695 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,695
central il.
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I pulled the trigger yesterday on Tesla puts. April 17, $450 strike, paid $67.75. Short term move, I have to watch it close. I don't think a stop loss sell order is available based on the price of the underlying stock, and I don't trust the option market makers to not drop the price just to stop me out and laugh at the amature. That should have a good profit on it already. Stock down 11% today. Did you see MORL got down to $.23 today?
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Re: who is bailing on stocks?
[Re: second 70]
#2753117
03/18/20 12:38 PM
03/18/20 12:38 PM
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Joined: Jan 2003
Posts: 7,471 Minnesota
Hemi_Joel
OP
master
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OP
master
Joined: Jan 2003
Posts: 7,471
Minnesota
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Yes, it's up 56% today. I don't want to get greedy, but still hanging on to it for now. MORL, unbelievable! Those who shorted it are doing well.
[img]http://i.imgur.com/boeexFms.jpg[/img]31 Plymouth Coupe, 392 Hemi, T56 magnum RS23J71 RS27J77 RP23J71 RO23J71 WM21J8A I don't regret the things I've done. I only regret the things I didn't do. "Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
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Re: who is bailing on stocks?
[Re: Hemi_Joel]
#2753128
03/18/20 01:00 PM
03/18/20 01:00 PM
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Joined: Feb 2014
Posts: 1,695 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,695
central il.
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Big 3 automakers and Tesla shutting down
Circuit breaker again
Last edited by second 70; 03/18/20 01:01 PM.
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Re: who is bailing on stocks?
[Re: second 70]
#2753164
03/18/20 02:52 PM
03/18/20 02:52 PM
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Joined: Jun 2006
Posts: 12,066 (Central) PA
Runner2go
I Live Here
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I Live Here
Joined: Jun 2006
Posts: 12,066
(Central) PA
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Big 3 automakers and Tesla shutting down
Circuit breaker again Yesterday there were talking about reducing production... which makes sense given the lack of people going anywhere. Today I noticed how they all announced they were shutting down at the tail end of the Free Money for everybody press conference. Markets don't generally like a WIDE OPEN spigot money policy. They tried that in 2008 with TARP, and markets responded by dropping another 5-6k points. Good time for American's to buy their classic cars back from the Australians who scooped them up a few years back. Ausi & Canadian dollars aren't worth much right now ( high $0.50's-low $0.60's) ... even the British pound is down to $1.15 Also notice the 10yr & 30yr yields heading upwards (despite Fed moves) as buyers dried up after the massive spending announcements. Meanwhile millennial's still down in FL doing body shots, & the plain old flu kills another 20-30k, but no one cares Interesting times...
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Re: who is bailing on stocks?
[Re: second 70]
#2753462
03/19/20 01:26 PM
03/19/20 01:26 PM
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Joined: Jan 2003
Posts: 11,892 Benton, IL.
DaveRS23
Special needs idiot
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Special needs idiot
Joined: Jan 2003
Posts: 11,892
Benton, IL.
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I pulled the trigger yesterday on Tesla puts. April 17, $450 strike, paid $67.75. Short term move, I have to watch it close. I don't think a stop loss sell order is available based on the price of the underlying stock, and I don't trust the option market makers to not drop the price just to stop me out and laugh at the amature. That should have a good profit on it already. Stock down 11% today. Did you see MORL got down to $.23 today? This probably won't help profits much either; https://www.bloomberg.com/news/arti...offered-to-make-ventilators-for-outbreak
Master, again and still
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Re: The official Coronavirus thread
[Re: not_a_charger]
#2753473
03/19/20 02:08 PM
03/19/20 02:08 PM
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Joined: Dec 2003
Posts: 22,695 Bitopia
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,695
Bitopia
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Not sure if this is best here or the stock market thread.
Anybody else puzzled why the cruise ship industry is so high up on the list of needing to be bailed out?
I have heard the term often, "no fault of their own" regarding this virus sparked economic downturn.
Doesn't seem the virus is much impacted by saving the cruise industry, actually I think they deserve some focus for being the initial petri dishes, and being so slow to react to their contribution to actually magnifying it.
I mean the cruise industry is a bunch of foreign? flagged billion dollar ships, manned mainly by small foreign nation workers, that dock in the US to pick up US passengers.
How is their existence important economically to helping the millions out of or soon to be out of work in the US?
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
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Re: who is bailing on stocks?
[Re: 2fast4yourBrain]
#2753477
03/19/20 02:14 PM
03/19/20 02:14 PM
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Joined: Aug 2019
Posts: 9,300 Super Spudsville
Mr PotatoHead
Half Baked
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Half Baked
Joined: Aug 2019
Posts: 9,300
Super Spudsville
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I really liked the days of 20% plus prime, no deficit and only people who could really pay it back got loans.
Such an odd concept to some.
STOP POTATO HATE!
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Re: who is bailing on stocks?
[Re: Mr PotatoHead]
#2753538
03/19/20 04:39 PM
03/19/20 04:39 PM
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Joined: May 2012
Posts: 1,811 South Bend
John Brown
top fuel
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top fuel
Joined: May 2012
Posts: 1,811
South Bend
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I really liked the days of 20% plus prime, no deficit and only people who could really pay it back got loans.
Such an odd concept to some. Years ago, had a friend that wanted a surefire investment. I suggested he only sell property to people that couldn't afford to make the payments. Even he wasn't hard hearted enough for that scheme. Evidently a lot of bankers weren't so squeamish, especially with government backing the loans. That whole deal didn't work out so well in the end either.
July 19th should be "Drive Like Rockford Day". R.I.P. Jimmie.
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Re: who is bailing on stocks?
[Re: John Brown]
#2755392
03/24/20 11:23 AM
03/24/20 11:23 AM
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Joined: Jan 2003
Posts: 7,471 Minnesota
Hemi_Joel
OP
master
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OP
master
Joined: Jan 2003
Posts: 7,471
Minnesota
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Who thinks we are at the bottom? The rumor that the quarantines could end at the end of March seem to be well received. The risk is that if the virus take a huge toll in the US and drives the market down further. Maybe it's time to take some long positions, with some protective puts?
What do you guys think?
[img]http://i.imgur.com/boeexFms.jpg[/img]31 Plymouth Coupe, 392 Hemi, T56 magnum RS23J71 RS27J77 RP23J71 RO23J71 WM21J8A I don't regret the things I've done. I only regret the things I didn't do. "Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
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Re: who is bailing on stocks?
[Re: Hemi_Joel]
#2755413
03/24/20 12:06 PM
03/24/20 12:06 PM
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Joined: Apr 2004
Posts: 3,653 The Historic Hudson Valley
MONC
master
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master
Joined: Apr 2004
Posts: 3,653
The Historic Hudson Valley
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Just got this today, an excerpt from a newsletter dated 3/23/20 , no idea about the validity, just posting it out there :
A question on everyone’s mind is “When will we know the bottom is in?” In this edition of Top Market Takeaways: Three things to watch, our authors believe we will know when the bottom is in once we see three things start to happen.
1. The number of daily new COVID-19 infections declines.
2. The Fed helps fix problems in fixed income and money markets.
3. Fiscal stimulus around the world is both large enough and well-designed enough to cushion the economic fallout.
Mopar Or No Car
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Re: who is bailing on stocks?
[Re: moparx]
#2755434
03/24/20 12:48 PM
03/24/20 12:48 PM
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Joined: Dec 2005
Posts: 11,408 Fulton County, PA
CMcAllister
Mr. Helpful
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Mr. Helpful
Joined: Dec 2005
Posts: 11,408
Fulton County, PA
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If you're still in at this point, you may as well stay in. When this is resolved, and everyone has an interest in seeing that happen ASAP, the renewed activity will spark a recovery. Places are idled and people are laid off. We can all pick up where we left off in a matter of a few days. Supply will catch up, people will be ready to go out to eat and attend activities.
If the results don't match the theory, change the theory.
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Re: who is bailing on stocks?
[Re: CMcAllister]
#2755560
03/24/20 07:27 PM
03/24/20 07:27 PM
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Joined: Jan 2003
Posts: 11,892 Benton, IL.
DaveRS23
Special needs idiot
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Special needs idiot
Joined: Jan 2003
Posts: 11,892
Benton, IL.
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When there are enough test kits out to really know who is carrying and who is not, that will be a real game changer. In fact, there is a test now that shows results in as little as 45 minutes. Once they can pin point who specifically needs to be quarantined and who doesn't, many of us can start the return to normal. And there are a number of treatments that are in trials in NY that show promise. If/when they can test and determine quickly who is a carrier and are able to successfully treat those who are sick, they will be on top of this. And both of those things appear to be happening. Everybody wants to get back to normal ASAP. P.S. The market made it's biggest one day gains in history today, closing up over 11%.
Master, again and still
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Re: who is bailing on stocks?
[Re: GoodysGotaCuda]
#2755733
03/25/20 10:53 AM
03/25/20 10:53 AM
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Joined: Apr 2004
Posts: 3,653 The Historic Hudson Valley
MONC
master
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master
Joined: Apr 2004
Posts: 3,653
The Historic Hudson Valley
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Just got this today, an excerpt from a newsletter dated 3/23/20 , no idea about the validity, just posting it out there :
A question on everyone’s mind is “When will we know the bottom is in?” In this edition of Top Market Takeaways: Three things to watch, our authors believe we will know when the bottom is in once we see three things start to happen.
1. The number of daily new COVID-19 infections declines.
2. The Fed helps fix problems in fixed income and money markets.
3. Fiscal stimulus around the world is both large enough and well-designed enough to cushion the economic fallout. i don't believe any of those three will be resolved in the next few weeks. Article never said it would happen in a couple of weeks. Months is more feasible
Mopar Or No Car
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Re: who is bailing on stocks?
[Re: DaveRS23]
#2755744
03/25/20 11:24 AM
03/25/20 11:24 AM
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Joined: Feb 2014
Posts: 1,695 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,695
central il.
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When there are enough test kits out to really know who is carrying and who is not, that will be a real game changer. In fact, there is a test now that shows results in as little as 45 minutes. Once they can pin point who specifically needs to be quarantined and who doesn't, many of us can start the return to normal. And there are a number of treatments that are in trials in NY that show promise. If/when they can test and determine quickly who is a carrier and are able to successfully treat those who are sick, they will be on top of this. And both of those things appear to be happening. Everybody wants to get back to normal ASAP. P.S. The market made it's biggest one day gains in history today, closing up over 11%. Bear market bounces are always the largest % gains. And the bailout. Houston just shut down and as more areas of the country get infected it will only get worse. People will get scared and selling will resume.
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