Talking Stocks 2.0

[cornerstore]

Originally Posted by vipereaper30

Lol this is what I keep telling myself as my shorts are kicking my rear!

Shorting this Fed manipulated quagmire is gutsy. Markets trading off earnings banked before the $hit hit the fan and companies and analyst blindly projecting earnings from a consumer who hardly bathes these days let alone buys goods other than necessities. Ironically Amazon is up but many of their consumers are broke or jobless or both. Most companies are also priced in with all those tax goodies they received, many goodies will likely have to be clawed back to pay for the new social welfare business bailouts. As one pundit stated it was one thing to have the plunge boys work the markets periodically and minimally, it’s another thing to have the plunge team running the market and news cycle. Fauxdaq where many companies mottos going forward is - we lose money on every sale but make it up on volume.

[avidflyer]

Originally Posted by YYZed

This news seems like it has the potential to impact the market at large (at least tomorrow) to a significant degree.

Curious, How many of you have afterhours trading ability? Is it worth seeking out an investment account that offers this?

Ameritrade offers after hours...I’ve used it often

[derekhayden]

Originally Posted by YYZed

Curious, How many of you have afterhours trading ability? Is it worth seeking out an investment account that offers this?

I use TD Ameritrade so have after hours trading ability and barely ever use it. That being said I am usually up preparing for the day by pre market which has saved me a few times. When I do use it it's to grab after hours gains that I know wont last through open due to news etc.. Unless you're an active trader I don't see the need for it IMO.

[JParm]

Originally Posted by YYZed

This news seems like it has the potential to impact the market at large (at least tomorrow) to a significant degree.

Curious, How many of you have afterhours trading ability? Is it worth seeking out an investment account that offers this?

I do some pre and post-market trading via TD. Like everything, there can be good and bad with it, but I enjoy having the option.

[YYZed]

Living in SoCal it might be easier than the rousing pre-market option. In any event, my play tomorrow is tentatively BA. Maybe DIS? I’m not sure we’re at the bottom for MAR. I’m guessing V, Sq, and AMD don’t have any firm windows.
Thoughts?

[rob1200]

Originally Posted by beshannon

...Starbucks
sharing guidance on path forward. CEO says:
-will open stores in modified formats: Drive-thru, Delivery, MOP, Entryway handoff only...

I'm new to the Rolex Forums, but I'm already getting the hang of some of the acronyms... Mother of Pearl!

[beshannon]

Originally Posted by YYZed

Living in SoCal it might be easier than the rousing pre-market option. In any event, my play tomorrow is tentatively BA. Maybe DIS? I’m not sure we’re at the bottom for MAR. I’m guessing V, Sq, and AMD don’t have any firm windows.
Thoughts?

BA has problems, DIS and MAR as well, I would be a buyer of BA and DIS at the right prices but we are nowhere near there yet

Some BA analysis here

https://www.thestreet.com/markets/5-...-friday-041720

V is solid but needs to go lower, AMD and all the chips are getting a boost from TSMC reporting higher demand. I have no opinion on SQ

Prices will be higher this morning so things might run away from you without stops

[JParm]

Looking at making a move into CNK this morning.

Yes, they plan on opening in July but with theaters listed as part of phase 1, I could see this as happening sooner. Either way, still a great value here, with the large footprint both in the US and Latin America. This is no AMC...

[beshannon]

Taking profits this morning in GILD, this pop is too big to ignore as there needs to be more testing, I would rebuy when it moves lower

Will also look to trim some movers as it is Friday and I do not see much in the way of really good news over the weekend to feed the rally

I do think think things are getting better and will get better and while I believe the bottom is in, it is possible that we go lower in the short term as things do not improve fast enough for the buyers.

I also want to raise more cash as I believe that financials will go lower and I want cash for entry into energy as well

Sold GILD at 84.66 for a ~16 point gain, will look to buy back below 75

[beshannon]

S&P bounced off 50 day MA at 2862 and backed off, VIX is now below ~40

Will need to see where we are at 2 pm today with options expiration and whether people want to hold long over the weekend

[Tha Baron]

Originally Posted by beshannon

Taking profits this morning in GILD, this pop is too big to ignore as there needs to be more testing, I would rebuy when it moves lower

Will also look to trim some movers as it is Friday and I do not see much in the way of really good news over the weekend to feed the rally

I do think think things are getting better and will get better and while I believe the bottom is in, it is possible that we go lower in the short term as things do not improve fast enough for the buyers.

I also want to raise more cash as I believe that financials will go lower and I want cash for entry into energy as well

Sold GILD at 84.66 for a ~16 point gain, will look to buy back below 75

Thats a great trade on GILD - rumor is that the release at 4:30pm yesterday done by an outlet thats carried water for certain hedge funds in the past. Its now up only 6 points at ~82. Classic pump and dump.

Crazy how much every news outlet picked up on the headline and just shot it around the world. Sure it may help treatment - but hardly a game changer drug thats still 6-9 months from being on the ball field.

[beshannon]

Originally Posted by Tha Baron

Thats a great trade on GILD - rumor is that the release at 4:30pm yesterday done by an outlet thats carried water for certain hedge funds in the past. Its now up only 6 points at ~82. Classic pump and dump.

Crazy how much every news outlet picked up on the headline and just shot it around the world. Sure it may help treatment - but hardly a game changer drug thats still 6-9 months from being on the ball field.

MS put out a research note saying that the 15B rise in market cap was not warranted given the news. I agreed.

I will rebuy the stock when it trades back down as it is a solid company with a solid yield. The trade was too good to pass up.

[avidflyer]

Waited to long on DIS today...bought yesterday at 101.50 pre trading this morning got to 108.50 thought it would go higher at the open. It didn’t out at 105 not bad for less than a 18 hour hold.

[Bearxj86]

So... I liked the bottom at -37% and I have pocketed the upside since then. This chart concerns me.

What do you think?




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[logo]

Originally Posted by bearxj86

So... I liked the bottom at -37% and I have pocketed the upside since then. This chart concerns me.

What do you think?




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It’s one possible scenario. But, there are many possible scenarios and I couldn’t say with confidence which is most likely to occur.

[trippinjimmy]

Not trying to day trade, but I took my tsla profits. Think I’ll look at going back in if it drops to 450-500 again. Its swings are crazy!


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[piratepress]

Originally Posted by avidflyer

Waited to long on DIS today...bought yesterday at 101.50 pre trading this morning got to 108.50 thought it would go higher at the open. It didn’t out at 105 not bad for less than a 18 hour hold.

I'm still kicking myself for not getting it at $79. My buddy (who has been a day trader for over thirty years) kept telling me to hold off. Now looks like I might have missed the bottom!

[FlashinLeather]

Where is that chart from - made for Covid - or is this a crash in the past?

I'm surprised that the market put the breaks on today. Wonder if people will want to sell before the weekend and bring the dow back to around even for the day.

[Duey]

Originally Posted by bearxj86

So... I liked the bottom at -37% and I have pocketed the upside since then. This chart concerns me.

What do you think?

This is what I think is coming with out question. Yes a lot of guys are still speculating, i.e. speculators, in this market. Believing in the news organizations and such. But it's coming guys

[trippinjimmy]

Originally Posted by piratepress

I'm still kicking myself for not getting it at $79. My buddy (who has been a day trader for over thirty years) kept telling me to hold off. Now looks like I might have missed the bottom!

I’d be patient and not angry. Disney reports earnings around the middle of May, and its parks show no signs of opening...while its streaming service may have 50 million subscribers, how many of those are on a free trial? And what’s the conversion for paying customers when this is all over?

I think it’ll go back down...maybe not to the 79 dollar level, but I’m looking to buy around 90 .


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[FlashinLeather]

Originally Posted by trippinjimmy

I’d be patient and not angry. Disney reports earnings around the middle of May, and its parks show no signs of opening...while its streaming service may have 50 million subscribers, how many of those are on a free trial? And what’s the conversion for paying customers when this is all over?

I think it’ll go back down...maybe not to the 79 dollar level, but I’m looking to buy around 90 .


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On top of that Disney is apparently losing 30m per day with parks closed. That is getting close to 1 billion.

[beshannon]

Originally Posted by logo

It’s one possible scenario. But, there are many possible scenarios and I couldn’t say with confidence which is most likely to occur.

Exactly, pretty colored charts are not real analysis

[Tha Baron]

Originally Posted by FlashinLeather

On top of that Disney is apparently losing 30m per day with parks closed. That is getting close to 1 billion.

How you think ESPN doing?

[CoveWatch]

Always enjoy reading the interesting and diff views on the market on this thread and appreciate all who contribute to the information!

Sold some calls this morning for decent profits that I’ve been buying throughout the last few weeks. I have a lot of calls still and also been buying long here and there. Still have some cash ready if there’s a potential big dip, but if it doesn’t happen, then I guess that means more money for options then

[cornerstore]

New symbol to replace the Bull and Bear statue.

[JParm]

Originally Posted by cornerstore

New symbol to replace the Bull and Bear statue.

I don't know that I necessarily agree. The general sentiment has been that the huge immediate fall came from COVID being priced into the market. Now, I think we're seeing the recovery being priced in.

There is some good news to be had (outside of this week's earnings, which were expected to be low), so I think we could possibly be heading in the right direction. This is coming from someone that's been bearish and still could fathom another big dip, though I'm not as dead set on it as I once was.

[cornerstore]

When you get a wound better to let it drain and heal not put a big band aid on it for fear of getting an infection. Another analogy, don’t paint over rust. The ETF make ups have distorted the macro picture and now are being manipulated to bolster agendas. That type of manipulation was illegal 20 years ago and the purview of penny stocks. The markets are at or approaching December 2019 levels, that should alarm any investor given all the uncertainties.

I have read numerous articles saying the damage has not been priced in and another drop in the S&P to 1800 is both warranted and healthy given the unknowns. We are a consumer driven society where the consumer has been sidelined. The big question going forward will be pent up demand vs depression (current status). Markets are thinking pent up demand for a V shaped recovery, maybe.

[vipereaper30]

This is all so silly I'm throwing in the towel on betting against the market. Take that for what it's worth but I've been great at mis-timing a few 'investments' so far this year!

[tudorbaja27]

Originally Posted by vipereaper30

Lol this is what I keep telling myself as my shorts are kicking my rear!

So are mine. But I'm hanging in there. Time will tell if we're right or not.

[scarlet knight]

Market will be unchanged tomorrow.