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logo · 12 May 2020, 12:11 AM

Quote:

Originally Posted by jpeezy14@hotmail.com

supposedly due to talks of Amazon making an acquisition of AMC. Speculative...

Interesting. And here I thought Amazon specifically said all their spare money was being put towards COVID.... guess the details are all in the accounting.

Once again tech stocks are defying the rest of the market. Another day passes, another day where share prices are just a bit too high for my liking in the tech space, but then again, if it continues to rally maybe I’ll wish I just pulled the trigger now.

kearez · 12 May 2020, 01:01 AM

Quote:

Originally Posted by logo

Once again tech stocks are defying the rest of the market. Another day passes, another day where share prices are just a bit too high for my liking in the tech space, but then again, if it continues to rally maybe I’ll wish I just pulled the trigger now.

I thought the same pulled the trigger on MSFT a few weeks a go. If it goes down, I'll just add more.

RyanO · 12 May 2020, 01:05 AM

Also looking to add to MSFT, but she doesn't wanna drop...

Uggi · 12 May 2020, 01:15 AM

Quote:

Originally Posted by logo

Wow AMC is off to the races today

Quote:

Originally Posted by jpeezy14@hotmail.com

supposedly due to talks of Amazon making an acquisition of AMC. Speculative...

Something to do with Prime customers being able to visit cinemas for free.

https://www.dailymail.co.uk/money/ma...al-cinema.html

gnuyork · 12 May 2020, 01:43 AM

Quote:

Originally Posted by logo

Wow AMC is off to the races today

Thanks!

beshannon · 12 May 2020, 02:31 AM

Stocks only down slightly, tech is holding up nicely, S&P has now gone positive but I question how much upside there is here.

I am just watching today

beshannon · 12 May 2020, 02:39 AM

Quote:

Originally Posted by Uggi

Something to do with Prime customers being able to visit cinemas for free.

https://www.dailymail.co.uk/money/ma...al-cinema.html

Be careful with this kind of stuff, no actual talks going on

https://seekingalpha.com/news/357274...lks-amazon-com

Uggi · 12 May 2020, 04:19 AM

Quote:

Originally Posted by beshannon

Be careful with this kind of stuff, no actual talks going on

https://seekingalpha.com/news/357274...lks-amazon-com

Good one - I should have said I hadn't made any attempt to verify that story nor was I acting on it.

What are people's views of this market now? Two weeks ago some people were convinced that a second bottom was on the way because the upsurge was pure FOMO but the longer this rally goes on..... does a second crash seem more unlikely? Given the uniqueness of this event could the nature of this market response to it be equally unprecedented?

beshannon · 12 May 2020, 04:22 AM

Quote:

Originally Posted by Uggi

Good one - I should have said I hadn't made any attempt to verify that story nor was I acting on it.

What are people's views of this market now? Two weeks ago some people were convinced that a second bottom was on the way because the upsurge was pure FOMO but the longer this rally goes on..... does a second crash seem more unlikely? Given the uniqueness of this event could the nature of this market response to it be equally unprecedented?

My view remains unchanged, trading range 2650 - 2950, 2850 is close to fair value, IMHO

Things are bad and have been bad, business is reopening, everything else is a wait and see. Yes there is always the possibility of a retest or even lower. I tend to think that in 12-18 months we will be higher and that is how I am positioning and holding assets.

Uggi · 12 May 2020, 04:48 AM

Quote:

Originally Posted by beshannon

My view remains unchanged, trading range 2650 - 2950, 2850 is close to fair value, IMHO

Things are bad and have been bad, business is reopening, everything else is a wait and see. Yes there is always the possibility of a retest or even lower. I tend to think that in 12-18 months we will be higher and that is how I am positioning and holding assets.

I agree. The initial fall was very severe and there is a chance that it caught up all the potential market fears associated with this crisis. Optimism and desire to get people back spending again seems high and lots of the unemployment could be very temporary rather than structural.
Lots of emphasis on "could be".

cornerstore · 12 May 2020, 09:40 AM

Interesting article on start ups in this economy on NBC business news.

“ Some 82 percent of companies currently backed by venture capital were founded after the global financial crisis, according to a Silicon Valley Bank analysis

beshannon · 12 May 2020, 10:13 PM

Futures up slightly as more re-openings occur, much of any rebound might be priced in. Buy the rumor, sell the news. I am now thinking that I want to get more defensive as things appear to get better. I will be watching the markets for continuing signs of a near term top.

This in no way changes my longer term outlook

https://www.thestreet.com/markets/5-...tuesday-051220

I agree with this anaylsis:

https://www.cnbc.com/2020/05/11/stoc...-predicts.html

“Who’s to say that we don’t go for a retest first? That is a normal situation,” said Stovall. “However, I don’t think we’re going to get an even lower low because of the stimulus already injected into the system.” . . .

“Wall Street is focusing more on what will be beyond the next 6 to 9 months rather than what could be happening in the next 2 to 3 months,” Stovall said.

JParm · 12 May 2020, 10:32 PM

https://www.cnbc.com/2020/05/12/euro...-19-cases.html

https://www.cnbc.com/2020/05/12/coro...-in-cases.html

This is the only thing that worries me in today's market - not the high valuations or P/E ratios, but a potential second wave due to a too-soon reopening of the economy.

It's not the rules that are a concern, but the way people are reacting to the openings; namely, not social distancing (just take a look at the beaches these days).

I too have gotten more defensive in terms of stocks recently.

beshannon · 12 May 2020, 11:11 PM

Quote:

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2020/05/12/euro...-19-cases.html

https://www.cnbc.com/2020/05/12/coro...-in-cases.html

This is the only thing that worries me in today's market - not the high valuations or P/E ratios, but a potential second wave due to a too-soon reopening of the economy.

It's not the rules that are a concern, but the way people are reacting to the openings; namely, not social distancing (just take a look at the beaches these days).

I too have gotten more defensive in terms of stocks recently.

I completely agree and if we get to 3,000 on the S&P I will take more defensive measures and move to cash for a higher percentage of my portfolio

beshannon · 12 May 2020, 11:57 PM

Fade at the open, not surprising, this market feels tired after earnings.

With little new news I am expecting range bound trading with the possible whipsaw of any new news.

My shopping list is thin at the moment as most things have moved away from me so I will be patient, collect my dividends and wait

Bearxj86 · 13 May 2020, 01:19 AM

Quote:

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2020/05/12/euro...-19-cases.html

https://www.cnbc.com/2020/05/12/coro...-in-cases.html

This is the only thing that worries me in today's market - not the high valuations or P/E ratios, but a potential second wave due to a too-soon reopening of the economy.

It's not the rules that are a concern, but the way people are reacting to the openings; namely, not social distancing (just take a look at the beaches these days).

I too have gotten more defensive in terms of stocks recently.

There may be a second wave but I predict we ain't closing again given the death rate % (true mortality rate). Scale up ventilators and bed space and keep social distancing with masks.

JParm · 13 May 2020, 02:01 AM

https://www.marketwatch.com/story/be...S%3D1589299075

Interesting thoughts here on foreign investors.

Don't know that I agree with it all, but just more knowledge.

Dusko.Popov · 13 May 2020, 02:21 AM

Thoughts on vtiq?

Taking off for two consecutive days.

Considering chasing.

Not sure I believe the “next Tesla” stuff. Little forecast or financial data available. Price movement appears to be on potential.

beshannon · 13 May 2020, 02:25 AM

Quote:

Originally Posted by jpeezy14@hotmail.com

https://www.marketwatch.com/story/be...S%3D1589299075

Interesting thoughts here on foreign investors.

Don't know that I agree with it all, but just more knowledge.

Well this has always been the case and it will always be that way, hot stocks get chased by hot money

Lesson learned to keep your stops tight and to recognize the difference between investing and speculating

beshannon · 13 May 2020, 02:28 AM

Quote:

Originally Posted by Dusko.Popov

Thoughts on vtiq?

Taking off for two consecutive days.

Considering chasing.

Not sure I believe the “next Tesla” stuff. Little forecast or financial data available. Price movement appears to be on potential.

Sorry, never heard of it and I really don't like what I see

Quote:

COMPANY DETAILS
VectoIQ Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses. It has not identified any business combination target.

https://www.cnbc.com/quotes/?symbol=VTIQ&tab=profile

Dusko.Popov · 13 May 2020, 02:29 AM

Quote:

Originally Posted by beshannon

Sorry, never heard of it and I really don't like what I see

https://www.cnbc.com/quotes/?symbol=VTIQ&tab=profile

I think movement is based on the upcoming merger with Nikola Motor Company - which, as far as I can tell, has large volume orders for its zero-emission heavy trucks (2021).

Price has rocketed from $12 to $27 since yesterday largely on news that merger would take place by end of June.

I think there might be more to the story than what you initially found. Not a challenge. Perhaps an opportunity. But like you say, do your homework.

beshannon · 13 May 2020, 02:38 AM

Quote:

Originally Posted by Dusko.Popov

I think movement is based on the upcoming merger with Nikola Motor Company - which, as far as I can tell, has large volume orders for its zero-emission heavy trucks (2021).

Price has rocketed from $12 to $27 since yesterday largely on news that merger would take place by end of June.

I think there might be more to the story than what you initially found. Not a challenge. Perhaps an opportunity. But like you say, do your homework.

I would not chase this and I likely would not have bought it far lower. This is all speculation IMHO

Dusko.Popov · 13 May 2020, 03:07 AM

Quote:

Originally Posted by beshannon

I would not chase this and I likely would not have bought it far lower. This is all speculation IMHO

Decided to wait and watch.

Thanks for the measured voice. For a moment I was fully in to chase. It’s on my watch list though. I think alternative energy vehicles and commuting is the future. Just want to see some substance here before committing.

cornerstore · 13 May 2020, 05:24 AM

From CNN business news. “US consumer prices declined for the second-straight month in April, the Bureau of Labor Statistics reported on Tuesday. Prices fell by 0.8% on a seasonally adjusted basis in April, marking the largest drop since December 2008.
That's an alarming drop, dragged down primarily by falling gasoline and energy prices. But excluding volatile food and energy, prices still fell by 0.4%. That's the largest monthly decline in the so-called core consumer price index since the BLS began tracking the data in 1957.
Falling prices might sound like a good thing, but economists agree that deflation -- the opposite of inflation -- would be very bad news.
When prices fall because people aren't buying things, manufacturers sometimes can't charge enough to make the product they're trying to sell. That means they'll stop making those products and lay off workers. That can start a vicious circle in which demand continues to fall as more people lose their jobs.”

RyanO · 13 May 2020, 05:25 AM

Picked up some JPM for a long term hold.

logo · 13 May 2020, 05:51 AM

I was fooled today. Futures up last night/early this morning, and a raging pre-market had me buying on the wrong side of today’s trading.

JParm · 13 May 2020, 05:53 AM

Quote:

Originally Posted by logo

I was fooled today. Futures up last night/early this morning, and a raging pre-market had me buying on the wrong side of today’s trading.

Weren't we all - I bought during pre-market as well.

Either way, regardless of when stocks were purchased today, they will prove to be a good deal a year from now.

logo · 13 May 2020, 05:58 AM

Quote:

Originally Posted by jpeezy14@hotmail.com

Weren't we all - I bought during pre-market as well.

Either way, regardless of when stocks were purchased today, they will prove to be a good deal a year from now.

For sure. Can’t time the market, but nothing like 7 days of green to push the ceiling of your comfortable buy price haha.

RyanO · 13 May 2020, 06:06 AM

Quote:

Originally Posted by jpeezy14@hotmail.com

Weren't we all - I bought during pre-market as well.

Either way, regardless of when stocks were purchased today, they will prove to be a good deal a year from now.

I'm thinking the same thing

kearez · 13 May 2020, 06:15 AM

Quote:

Originally Posted by RyanO

Picked up some JPM for a long term hold.

Did the same today, would also like to add WMT.

12 May 2020, 02:31 AM	#2556
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	Stocks only down slightly, tech is holding up nicely, S&P has now gone positive but I question how much upside there is here. I am just watching today __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

12 May 2020, 10:13 PM	#2562
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	Futures up slightly as more re-openings occur, much of any rebound might be priced in. Buy the rumor, sell the news. I am now thinking that I want to get more defensive as things appear to get better. I will be watching the markets for continuing signs of a near term top. This in no way changes my longer term outlook https://www.thestreet.com/markets/5-...tuesday-051220 I agree with this anaylsis: https://www.cnbc.com/2020/05/11/stoc...-predicts.html “Who’s to say that we don’t go for a retest first? That is a normal situation,” said Stovall. “However, I don’t think we’re going to get an even lower low because of the stimulus already injected into the system.” . . . “Wall Street is focusing more on what will be beyond the next 6 to 9 months rather than what could be happening in the next 2 to 3 months,” Stovall said. __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

12 May 2020, 10:32 PM	#2563
JParm "TRF" Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,578	https://www.cnbc.com/2020/05/12/euro...-19-cases.html https://www.cnbc.com/2020/05/12/coro...-in-cases.html This is the only thing that worries me in today's market - not the high valuations or P/E ratios, but a potential second wave due to a too-soon reopening of the economy. It's not the rules that are a concern, but the way people are reacting to the openings; namely, not social distancing (just take a look at the beaches these days). I too have gotten more defensive in terms of stocks recently. __________________

12 May 2020, 11:57 PM	#2565
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	Fade at the open, not surprising, this market feels tired after earnings. With little new news I am expecting range bound trading with the possible whipsaw of any new news. My shopping list is thin at the moment as most things have moved away from me so I will be patient, collect my dividends and wait __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

13 May 2020, 02:01 AM	#2567
JParm "TRF" Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,578	https://www.marketwatch.com/story/be...S%3D1589299075 Interesting thoughts here on foreign investors. Don't know that I agree with it all, but just more knowledge. __________________

12 May 2020, 01:05 AM	#2553
RyanO "TRF" Member Join Date: Feb 2013 Real Name: Ryan Location: DMV Watch: LVc Posts: 2,169	Also looking to add to MSFT, but she doesn't wanna drop...

12 May 2020, 09:40 AM	#2561
cornerstore "TRF" Member Join Date: Sep 2009 Location: Canada Posts: 4,016	Interesting article on start ups in this economy on NBC business news. “ Some 82 percent of companies currently backed by venture capital were founded after the global financial crisis, according to a Silicon Valley Bank analysis

13 May 2020, 02:21 AM	#2568
Dusko.Popov "TRF" Member Join Date: May 2015 Location: DC Posts: 829	Thoughts on vtiq? Taking off for two consecutive days. Considering chasing. Not sure I believe the “next Tesla” stuff. Little forecast or financial data available. Price movement appears to be on potential.

13 May 2020, 05:24 AM	#2574
cornerstore "TRF" Member Join Date: Sep 2009 Location: Canada Posts: 4,016	From CNN business news. “US consumer prices declined for the second-straight month in April, the Bureau of Labor Statistics reported on Tuesday. Prices fell by 0.8% on a seasonally adjusted basis in April, marking the largest drop since December 2008. That's an alarming drop, dragged down primarily by falling gasoline and energy prices. But excluding volatile food and energy, prices still fell by 0.4%. That's the largest monthly decline in the so-called core consumer price index since the BLS began tracking the data in 1957. Falling prices might sound like a good thing, but economists agree that deflation -- the opposite of inflation -- would be very bad news. When prices fall because people aren't buying things, manufacturers sometimes can't charge enough to make the product they're trying to sell. That means they'll stop making those products and lay off workers. That can start a vicious circle in which demand continues to fall as more people lose their jobs.”

13 May 2020, 05:25 AM	#2575
RyanO "TRF" Member Join Date: Feb 2013 Real Name: Ryan Location: DMV Watch: LVc Posts: 2,169	Picked up some JPM for a long term hold.

13 May 2020, 05:51 AM	#2576
logo "TRF" Member Join Date: Jan 2019 Location: North America Posts: 2,368	I was fooled today. Futures up last night/early this morning, and a raging pre-market had me buying on the wrong side of today’s trading.

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