Boiler Room: The Official Stock Market Discussion

[analog]

It’s nice to come in here and hear some rational thoughts. Seems like this is the first recession for a lot of the dudes in here.

some of these dudes are gonna get a lesson in humility cuz their overconfidence is gonna cost them big

There's going to be blood on these coli streets should there there be a sharp move downwards

I've been closing out my positions to minimize losses to 10% (not trying to see +30% in the red again).

Last position I'm waiting on is Uber. If it rises above $30, I'm setting a stop loss at that price. If it drops, then I'll just average down.

Only one I'm letting ride out at the time moment will be Luckin Coffee due to operations in a different market. Lot of capital freed up to scoop up more shares should it drop.

I'll be from the side lines other wise, until real economic activity returns

 

[Thethirdpew]

oh my it's going up to 3 or 4 tomorrow. You should cop some now breh.

I alredy bought 5000 shares at 2.20

 

[Typical Coli Nigga]

i dont think anyone is in to do long term holds with some of these things. just capitalizing on the volatility of the market while we can

make some money so if the big names drop again, we got the capital to scoop in

 

[Saysumthinfunnymike]

i dont think anyone is in to do long term holds with some of these things. just capitalizing on the volatility of the market while we can

make some money so if the big names drop again, we got the capital to scoop in

I was actually looking forward to another drop because I had more money to invest so I'm good either way.

If it drops I'll buy more at a better position, if not I'll sell what I got

 

[Rout3r2035]

Sold out of Boeing at $180. $600 profit on $1000ish in a couple days. Feels good.

 

[Majestic]

I was actually looking forward to another drop because I had more money to invest so I'm good either way.

If it drops I'll buy more at a better position, if not I'll sell what I got

Same. If is drops, I'll invest more in disney, uber and boeing. I'm giving it till friday for the drop, if not i'm getting rid of boeing for the profit.

 

[Donald J Trump]

TS Lombard strategists said the market has more room to fall, citing expectations that earnings for companies in the S&P 500 could fall roughly 30%. That decline, and the effects of the economic slump they see, put the fair value of the S&P 500 closer to 1600 to 1800, down as much as 35% from the closing level of 2475.56 on Wednesday.

Although policy makers have responded better than they did during the 2008 financial crisis, Dumas says, the second round of fallout from countries around the world shutting down or slowing their economies to curb the spread of the coronavirus will include a slump in consumer and capital spending. Another likely effect is a rationing of credit—increased difficulty in borrowing—that will slow the economy.


—

For the second quarter, Dumas estimates the U.S. economy could contract 18%, shrinking by 7% in the third quarter. So far, social- distancing measures in the U.S. have closed industries that contribute 30%—or 35 million—of private-sector jobs. TS Lombard expects 12 million people will lose their jobs in the first round of cuts in April, and that may not be the high mark.

 

[Donald J Trump]

We in phase 2 right now.
Phase 3 is gonna be when the real licks are hit

 

[Majestic]

Someone just bought 15k worth of MFA shares @Thethirdpew


lmao @Typical Coli nikka we definitely eating tomorrow

 

[the cac mamba]

We in phase 2 right now.
Phase 3 is gonna be when the real licks are hit

i learned a valuable lesson

when stocks are down and congress is working on a stimulus, you fukking buy

 

[dish lowry]

everything's about to take a dive pretty soon....the dollar, gold, every blue chip stock..all the CV stocks are tanking, theres no vaccine coming out you shmucks......we are headed for disaster....

 

[Majestic]

everything's about to take a dive pretty soon....the dollar, gold, every blue chip stock..all the CV stocks are tanking, theres no vaccine coming out you shmucks......we are headed for disaster....

we just buy more of disney, tesla etc. then eat like fat b*stards

 

[Saysumthinfunnymike]

i learned a valuable lesson

when stocks are down and congress is working on a stimulus, you fukking buy

So what's your plan now bruh?

Honestly I want to hold most of my portfolio for a bit, the purchase points were too good to sell out

 

[the cac mamba]

So what's your plan now bruh?

Honestly I want to hold most of my portfolio for a bit, the purchase points were too good to sell out

honestly my plan this whole time has been to sink about 60 grand in, combined with the 80 grand i already had in, and in 3 years see how much of that i can put down on a condo

so 60 at the absolute bottom would be nice

 

[Saysumthinfunnymike]

Here's the thing, even if we get another dip, double down on the blue chips because trump will still want to artificially pump the market back up. He will not allow it to not pump more money in.