Boiler Room: The Official Stock Market Discussion

[winb83]

Odd that futures are up. I mean... California just got shut down for fukks sake.

If the valuations get too attractive people will jump back in. Analysis will adjust their earnings numbers and the actual numbers will come out and maybe not be as bad an people expected and the stocks rise further. I'm not saying that's what's happening now but that's probably how things play out.

 

[ahomeplateslugger]

Yeah but the market will bottom and begin to recover before the news cycle catches up
Market action a century ago suggests worst could be over for stocks, if not for the coronavirus pandemic
Traditionally the market's bottom isn't reflected with the news cycle. That's why I'm looking at all the people saying it'll get worse sideways because the news cycle very well may but you just can't know if we've hit rock bottom in the markets. Average all the way down and back up until you feel like nothings a good deal anymore when it comes to your targets.

the DOW bounced at 21,000 to 23,000 then it eventually dropped to 19,000. just look at the chart trend. that same bounce and test is happening now before testing new lows.

unemployment is finally being talked about and it doesn't look good. it's only been ~3 weeks since non-essential stores were told to close/limit hours and unemployment is looking ugly. plus it seems like ppl keep forgetting about the shyt show with oil. not trying to spread fear or scare ppl but just speaking on the technicals i see. i think we have room for at least one more run down.

 

[analog]

CRWD up big after earnings. Outlook looking promising with mobile work solutions ready, and the company stating the corona virus having no impact on the business.

Unsure whether to hold on as this news may attract much more interest amidst the unrest in the markets, or exit today to avoid a steep decline back to $31( just two days ago)

 

[Chrishaune]

I'm dumping money in. I think this next week is the sweet spot. California is using this as an opportunity to try to get Trump out of office . They probably wouldn't have went so hard if a democrat was in.

There's a lot of politics being involved right now.

 

[El Bombi]

The drop might be happening now

 

[winb83]

Just bought some AT&T. Got it at $28.46.

 

[Scholar]

I’ll be back Monday when there are more opportunities

 

[Agent Mulder]

Hoping UBER goes back down a bit. Might just buy now at $22

 

[Pyrexcup]

Not buying anything either today

 

[Skooby]

Sitting out until next week unless big drop happens today.

 

[Typical Coli Nigga]

i put my money into gold and mining (also uber cause it was cheap)

im a novice at trading stocks (used to do forex), but i figure either way (if the fed starts printing all willy nilly or if they let depression happen) metals will win out.

 

[Chrishaune]

Thursday they announce job loss numbers. Some are saying 1/4 of the economy was lost in the first quarter...

 

[analog]

CRWD up big after earnings. Outlook looking promising with mobile work solutions ready, and the company stating the corona virus having no impact on the business.

Unsure whether to hold on as this news may attract much more interest amidst the unrest in the markets, or exit today to avoid a steep decline back to $31( just two days ago)

Stop loss triggered @ $49.

Going to sit it out for a bit and start slowly buying into big, solid companies/funds on bad news...

 

[Big Jo]

Bought six shares of TVIX, buying 10 more if it hits 360 range. Biggest bet I've ever made on a stock but expecting $1k-$2k pps next week or relatively soon based on all of the calamity right now. I think the worst is yet to come

Wouldnt mind being wrong either so its sort of a win win.

 

[NaijaProdigy Redux]

Going to wait until next week Thursday / Friday...want to see the pullback on the jobless claims