Economy stock talk v7, meme stocks go up

[kahiljabroni]

After hours and futures up big but i have a feeling its going to fizzle out and prices will slowly come back to Earth today. If i see signs otherwise i might jump in tqqq with a big chunk and sell eod.

 

[HockeyBjj]

A 2nd leg crash seems likely.

The markets are out of sync with reality (again), and this can only go on for so long before there is another correction.

I expect the 2nd leg to fall even lower, based on the economic data coming out. With every sector being hit harder than in 2008, it makes no sense that the stock market continues to live in a world of its own.

Well 2008 the results were due to the economic system legitimately being out of balance as the housing bubble popped, so it waited for that to be balanced again before overall stocks properly recovering

In 2020 here, the economic turmoil is due to an external factor with the virus (and fighting the virus measures) causing the negatives to the economy. So it seems stocks are holding it together as well as they are with the logic that once the external factor is removed, everything will be back to the 2018/2019 normal rather quickly. It won’t have to wait on a more natural economic recovery.

 

[brackis1]

LOL fuck me. bought a bunch of shit after hours. Omnly one I sold was AMC up 18% thinking I'd scored big. Its up 55% premarket -_-

 

[G-19]

NO on INO, but I dont have that many shares. I might have to wait to get my money back.
It was up after market today. I need about .40 more cents a share to break even and I will unload it.
Yeah, I am a big believer in PLUG, that is why I kept on buying.

I bought in for a little under $8 but I’m hoping the work they’re doing in S Korea gives us a healthy bounce today.

 

[brackis1]

lol rundown on 3 diff car cos on CNBC rn.
Ford
GM
Tesla
The news on each? Actual news on GM and Ford related to furloughs and 10-k forms, then "Tesla is up 9 days in a row because they have a shanghai plant" lol. Amazing sheeple herding at play.


edit: just mentioned them again as a "weekly gainer". Must be getting paid. Outside of Gilead and Netflix theyve been mentioned more than most, with seemingly zero relevance to our current predicament.

 

[brackis1]

wow VXX down a whole 2.8% off this huge run lollll

 

[Farmer Br0wn]

I came to this thread looking for memes. I leave disappoint.....

 

[Last Samurai]

Well 2008 the results were due to the economic system legitimately being out of balance as the housing bubble popped, so it waited for that to be balanced again before overall stocks properly recovering

In 2020 here, the economic turmoil is due to an external factor with the virus (and fighting the virus measures) causing the negatives to the economy. So it seems stocks are holding it together as well as they are with the logic that once the external factor is removed, everything will be back to the 2018/2019 normal rather quickly. It won’t have to wait on a more natural economic recovery.

That is the expectation, I know.

But before everything is back to 'normal', companies must first pass through a string of poor results.

Some companies will be able to afford it, others will not. Some retailers, for example, have already begun to miss payments. Shale producers are on their last legs. As the economic damage continues to mount, the stock market will have to reckon with a grim reality.

 

[rob mafia]

Do you use trading tools, fundamental / technical analysis and so forth - and if so, which ones

lolz! i mentioned tea leaves, bro!

 

[rob mafia]

That is the expectation, I know.

But before everything is back to 'normal', companies must first pass through a string of poor results.

Some companies will be able to afford it, others will not. Some retailers, for example, have already begun to miss payments. Shale producers are on their last legs. As the economic damage continues to mount, the stock market will have to reckon with a grim reality.

bad results are basically priced in for most. EVERYONE knows about the shutdown and etc. it's not like it's going to be a surprise when retail sales/etc are way down.

but also, many sectors aren't really impacted by corona. ie: semis, most notably tsm/amd/nvda

shale isn't just fucked because of corona, it's fucked because of the oil prices that plummeted due to sa/russia. and once shit's getting back to normal, more gas will be consumed, alleviating some of that.

edit: missed a word

 

[Ballsaque]

lolz! i mentioned tea leaves, bro!

True enough sir.

 

[rob mafia]

re: my retarded move of the week... (from other thread)

(per 100) spce cost me ~$60 in SP movement, and i made ~$270 from selling calls/buying back/repeat and just sold calls ($20, $1.06 premium [excluded from 270] ) for next week. probably should have waited until it was higher/over 19 to sell the calls, but i just wanted it done.

the iv on meme stocks is downright retarded.

i keep feeling compelled to buy these garbage stocks just to play options (safely, naked could get bad real quick right now) on them. i'm kind of bothered that these retard plays keep paying off.

i feel like i should open another account solely for retard shit to compare to the other portfolios. haha


and on a related note, if i wasn't so cash tight (leveraged to the tits for 59 more minutes) i would have just made a dumb play on gamestop.

 

[rob mafia]

I came to this thread looking for memes. I leave disappoint.....

shape of recovery

 

[Farmer Br0wn]

shape of recovery

 

[rob mafia]

lolz, someone on wsb just posted a screenshot of some of the .50 puts i was selling.

 

[7437]

LOL fuck me. bought a bunch of shit after hours. Omnly one I sold was AMC up 18% thinking I'd scored big. Its up 55% premarket -_-

Isnt AMC just gambling right about now? I thought they are about to go under

 

[rob mafia]

Isnt AMC just gambling right about now? I thought they are about to go under

basically. they hired a bankruptcy firm and are obviously looking to restructure, but without any inside info we have no way of knowing if it's just restructuring debt to cheaper loans/etc or if it's actual chapter 11.

that said, he's not an investor and already sold. impending chapter 11 next month doesn't matter much if you just pop in/out.

 

[brackis1]

Isnt AMC just gambling right about now? I thought they are about to go under

100% gambling and yes I knew about the BK stuff.
That's why I boguht: because it was priced for BK already and with so much good news coming out those tend to unwind, even on deadcat bounces, large if you can be patient.
See: MNK

 

[rob mafia]

100% gambling and yes I knew about the BK stuff.
That's why I boguht: because it was priced for BK already and with so much good news coming out those tend to unwind, even on deadcat bounces, large if you can be patient.
See: MNK

lolz, remember those mdr swings we had?

 

[barca2012]

im playing oil stocks up alot this year