Boiler Room: The Official Stock Market Discussion

ahomeplateslugger

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Crazy market this week. I think the attention is all on the stimulus bill so ppl are forgetting America’s coronavirus cases are growing and we now have more than 1,000 deaths. Plus the unemployment number will grow and bankruptcies will follow.

I closed most of my calls and started a couple of puts. Once I sell my Netflix calls tomorrow I’ll chill and wait until next week to make a move.

It looks like the s&p will hit 2700 then we start to go back down, unless it holds at that level. I don’t think it will and SPY can fall close to $200. I’ll do most of my buying at that point.
 

Scholar

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Trump named dropped Carnival and the cruise industry.

He's also speaking to supporting the airlines industry and how we need to back them


Boeing :mjgrin:
 

Majestic

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Not a lot.. 250 shares at $1.75 about 30 min before closing. Closed at around the same price and shot up in after hours. $2.14 now after hours just ended.
should start trading at 3 or 4 tomorrow. soon as that happens I selling since it too fukking volatile for my liking.
 

winb83

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Trump named dropped Carnival and the cruise industry.

He's also speaking to supporting the airlines industry and how we need to back them


Boeing :mjgrin:
I still wanna get outta CCL but I think I'm about to institute a no sell policy on everything. At this point if I got it I need to keep it till it either goes to 0 or fully recovers.
 

Scholar

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I still wanna get outta CCL but I think I'm about to institute a no sell policy on everything. At this point if I got it I need to keep it till it either goes to 0 or fully recovers.
I respect that
 

Chrishaune

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Im still waiting on the death drop. When these bodies start piling up, Trump's Easter date passes, and folks see a vaccine is not on the way. People gonna have to sell to pay grandmas hospital bill. Thats when i pounce. IMO the market seems to be ignoring that people are actually about to start dying.



People die everyday B
 

winb83

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Im still waiting on the death drop. When these bodies start piling up, Trump's Easter date passes, and folks see a vaccine is not on the way. People gonna have to sell to pay grandmas hospital bill. Thats when i pounce. IMO the market seems to be ignoring that people are actually about to start dying.
In a market crash the bottom comes well before the news cycle turns positive. I also think that you're failing to see that the markets had a huge unprecedented drop upfront that happened in weeks so the markets aren't ignoring anything.
 

The_Sheff

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In a market crash the bottom comes well before the news cycle turns positive. I also think that you're failing to see that the markets had a huge unprecedented drop upfront that happened in weeks so the markets aren't ignoring anything.

The news cycle hasn't even got bad yet. Just wait.
 

winb83

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The news cycle hasn't even got bad yet. Just wait.
We had 3.3 million in unemployment claims and the markets are up 5-6%. After a while whatever bad news that comes is already priced into the markets. The markets don't react in real time to news events. Entering bear market is 20% drop. The S&P dropped like 30%.
 

dora_da_destroyer

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I agree, in the near term, CV pandemonium is priced in unless we see an exponential spike in deaths. We might see a late q2/q3 dip with summer spending down, but we’ll stabilize (save for volatility in certain sectors) for the next 2-3 weeks
 
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