Talking Stocks 2.0

[beshannon]

Fading the open at 10, to be expected

VIX is down, short term TRIN is up

Need to settle down no matter what the close is to calm the trade and get a sense of direction

[Pantheon]

Just buy SPCE! people who can afford it might try to escape into space!

A Delta exec start buying DAL shares. I think the airlines are well oversold. While no one knows where the bottom is, the fact that the CCP is encouraging flying again is a good sign.

[beshannon]

Originally Posted by Pantheon

Just buy SPCE! people who can afford it might try to escape into space!

A Delta exec start buying DAL shares. I think the airlines are well oversold. While no one knows where the bottom is, the fact that the CCP is encouraging flying again is a good sign.

I have been looking at airlines although that is a group I never touch.

The flight cancellations vs the price of fuel, too much uncertainty for me. Others may disagree.

[GB-man]

Originally Posted by SMD

The advice you are getting is dangerous to your wealth. A straddle is not a daily strategy, its a very basic option strategy that every joker who has taken an intro corp fin class learns. Stay out of options unless you are hedging and know what you are doing.

Now if you really want to make money - cattle futures!

Ding ding ding

[beshannon]

Looks like a buy program on the back of the IMF announcement

[healer]

Here we go again up up an away! We’re back in business...beshannon good read. Tom or tonight after the announcement it will go fly fly lol

[Doc Savage]

Originally Posted by healer

here we go again up up an away! We’re back in business...beshannon good read. Tom or tonight after the announcement it will go fly fly lol

lol

[beshannon]

Originally Posted by healer

Here we go again up up an away! We’re back in business...beshannon good read. Tom or tonight after the announcement it will go fly fly lol

Uh no but good luck

[Pantheon]

today was pretty crazy. I might look to unload the DAL stocks that I picked up Monday as I'm worried the optimism in this market is a little over the top. Delta picked up 8% gain even though United has started to reduce domestic flights.

[austinp]

Great day today. Let's enjoy it!

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[beshannon]

Originally Posted by austinp

Great day today. Let's enjoy it!

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I am for being positive but it was too much too fast

Nothing has changed with COVID-19, 10 year bond is back below 1%, Airlines set to lose 113B in revenue

The whipsaw action is not good for the markets

[1st amg]

DOW is set to open -600 this morning.

[beshannon]

Originally Posted by 1st amg

DOW is set to open -600 this morning.

First test will be 3050 on the S&P

The market needs to spend more time bottoming and base building, these violent swings are helping no one but option traders

[m j b]

Two questions:

- why did they close the other thread? I had the last post in there, and it makes me feel bad that maybe I did something wrong.

- Someone mentioned airlines. I mis-remember a quote from some stock market guy, who said "if you want to make a million dollars in airlines, invest 2 million." In other words, they are notoriously a horrible industry. However, I can't help but wonder if some of the selling has been overdone, and it may be a buying opportunity. But with Delta cancelling domestic flights as well as international, maybe patience would be wise here. Dunno.

One of my holdings, rec'd by a friend, did really well over the past 6 months (like 150% gain) but then crashed 35% yesterday d/t unexpected events and not great guidance. That hurts.

[beshannon]

Originally Posted by m j b

Two questions:

- why did they close the other thread? I had the last post in there, and it makes me feel bad that maybe I did something wrong.

- Someone mentioned airlines. I mis-remember a quote from some stock market guy, who said "if you want to make a million dollars in airlines, invest 2 million." In other words, they are notoriously a horrible industry. However, I can't help but wonder if some of the selling has been overdone, and it may be a buying opportunity. But with Delta cancelling domestic flights as well as international, maybe patience would be wise here. Dunno.

One of my holdings, rec'd by a friend, did really well over the past 6 months (like 150% gain) but then crashed 35% yesterday d/t unexpected events and not great guidance. That hurts.

The other thread got political, which is tough since so much of the financial world is impacted by politics.

I stay away from airlines, they will be losing far more money that what the cheaper fuel would have gotten them. They simply have too many risks for my tolerance.

As far as something with a 150% gain, have you considered trimming the position? When I get to that point I take my cost out and let the profit continue. Just a thought

[derekhayden]

Originally Posted by beshannon

As far as something with a 150% gain, have you considered trimming the position? When I get to that point I take my cost out and let the profit continue. Just a thought

Trading 101 IMO

[gnuyork]

Originally Posted by derekhayden

Should be trading 101 IMO

Yup, your opinion. We all have strategies that work for us (or don't).

[austinp]

Anybody refinancing their mortgage? 15 yr at 2.38%!

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[Old Expat Beast]

Originally Posted by m j b

Two questions:

- why did they close the other thread? I had the last post in there, and it makes me feel bad that maybe I did something wrong.

- Someone mentioned airlines. I mis-remember a quote from some stock market guy, who said "if you want to make a million dollars in airlines, invest 2 million." In other words, they are notoriously a horrible industry. However, I can't help but wonder if some of the selling has been overdone, and it may be a buying opportunity. But with Delta cancelling domestic flights as well as international, maybe patience would be wise here. Dunno.

One of my holdings, rec'd by a friend, did really well over the past 6 months (like 150% gain) but then crashed 35% yesterday d/t unexpected events and not great guidance. That hurts.

You did nothing wrong, yours was just the last post. It was a high maintenence thread that mods had to keep pruning for political comments.

[77T]

Originally Posted by 1st amg

DOW is set to open -600 this morning.

Yes - I believe the upward thrust yesterday overshot the optimism of traders in healthcare equities. Single-payer risks to their business model took a hit so their value rose.

Just going to see extreme volubility until the full impact of the coronovirus on earnings. Some prices will rise today while others drop with continued uncertainty.


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[austinp]

Current line-up. Any opinions on some I should add or dump? I'm a long term holder. This is an account that doesn't effect retirement accounts. Thanks Gents!

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[beshannon]

Originally Posted by austinp

Current line-up. Any opinions on some I should add or dump? I'm a long term holder. This is an account that doesn't effect retirement accounts. Thanks Gents!

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Just my .02 without knowing anything about you

You are very heavy in Tech

With gains in those positions unknown, you could consider trimming if you need cash

I am not a fan of either ROKU or DLTR

TSLA is highly speculative, not sure of your overall risk tolerance

Might be worth averaging down in BA and DIS but with BA they are in for a very long ramp up

[austinp]

Originally Posted by beshannon

Just my .02 without knowing anything about you



You are very heavy in Tech



With gains in those positions unknown, you could consider trimming if you need cash



I am not a fan of either ROKU or DLTR



TSLA is highly speculative, not sure of your overall risk tolerance



Might be worth averaging down in BA and DIS but with BA they are in for a very long ramp up

Thank you. Roku was a recent speculative buy that hasn't done well for me. I don't have much of it. Thanks again for your input. What sectors do you like?

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[beshannon]

Originally Posted by austinp

Thank you. Roku was a recent speculative buy that hasn't done well for me. I don't have much of it. Thanks again for your input. What sectors do you like?

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I do not focus on sectors as much as individual issues

I am in Tech, Biotech, Financials, Industrials, Consumer Discretionary, Telecom

[beshannon]

Some steady buying from the morning lows, still 6-1 downside volume, some big name investors buying beaten down names

https://www.cnbc.com/2020/03/05/sam-...et-swings.html

Maybe some base building today?



Nope, fading again likely people already looking to Friday and not wanting to be long. We need to retest lows anyway first.

[mcnealstash]

Originally Posted by beshannon

Some steady buying from the morning lows, still 6-1 downside volume, some big name investors buying beaten down names

https://www.cnbc.com/2020/03/05/sam-...et-swings.html

Maybe some base building today?

I don't think we are at a point where assuming that base building is happening. Coronavirus cases have been seeded pretty heavily in the United States as of the last 2 days, and the case for containment is taking a turn for the worse.

https://www.arcgis.com/apps/opsdashb...23467b48e9ecf6

I've been following the Johns Hopkins tracker regularly for the past 2-3 weeks, a few days ago containment looked like it was a possibility in North America, but that was based on the fact that virus cases were isolated to the coasts and near metropolitan areas with international airports- had to assume that this would happen to some degree.

Now that its spreading inland to places in the South and Midwest, it seems the idea of containment is impossible. I'm far less hopeful that there won't be more of an outbreak across the States. Cases are very minimal across the U.S. still (its only a sprinkling of cases in the South and Midwest at the moment), but its pretty clear it doesn't take much for this thing to move from place to place quickly.

I'm still on the sideline waiting- I'm guessing it will be at least a month or two before the bottom is found.

[beshannon]

Originally Posted by mcnealstash

I don't think we are at a point where assuming that base building is happening.

I'm still on the sideline waiting- I'm guessing it will be at least a month or two before the bottom is found.

I do not disagree, was just being hopeful

Accelerating down now at the lows of the day

[superdog]

why are people selling at this stage.

what is wrong with people?

is that all hedge funds driving the markets? I don't get it.

[037]

Originally Posted by superdog

why are people selling at this stage.

what is wrong with people?

is that all hedge funds driving the markets? I don't get it.

Algorithms. Computers see a trend and bail at certain thresholds. It causes the massive roller coaster rides you're seeing now.

[beshannon]

Originally Posted by superdog

why are people selling at this stage.

what is wrong with people?

is that all hedge funds driving the markets? I don't get it.

Originally Posted by 037

Algorithms. Computers see a trend and bail at certain thresholds. It causes the massive roller coaster rides you're seeing now.

Yes and yes

Headline driven trade, equity markets are following the bond market and the 10 year yield is plunging again now at .909%. Massive risk off, flight to safety and massive uncertainty.