Economy stock talk v7, meme stocks go up

[Cuzcatlan]

What do you guys use to decide your trades/investments?

 

[brackis1]

I know you are not a fan of penny stocks, but I made a shit load on PACD recently. Made 38% is one day, bought the day before and sold the next day. Was pissed because could have sold it for more if I was sitting around a computer. Sold on the way down it went back up and then dropped like a rock. It made a little move last week its back to .52. I will jump back on Monday.
https://dbtnews.com/2020/04/06/market-cap-of-pacific-drilling-s-a-pacd-reaches-28-83m-now-what/
Caveat Emptor
The penny stock game should be looked at purely as a gamble. Dont go fucking nuts on it, because sometimes weird shit happens with them and you get stuck with a stock, but then again you are only playing them to hit a Home Run.

INO and the covid stocks popped today. I'll eat some crow. You'd be up 9% from where I told you to sell.
But usually when I concede on something means it's about to turn lol.

 

[44nutman]

INO and the covid stocks popped today. I'll eat some crow. You'd be up 9% from where I told you to sell.
But usually when I concede on something means it's about to turn lol.

Yeah I was going to sell today but have been holding. I am up so will see what happens. Been checking every time I get a second when I am not driving. I thought NBL was going to take a dump today but it jumped early and now dipping some which I can handle.

 

[Last Samurai]

what is happening to WTI crude oil?

 

[Cuzcatlan]

Now my sister is texting me like "hey I heard you've been trading some stocks, can you help me get into it, I want to triple my money". I'm like heyyyyyy triple? I think you've been watching too much Wolf of Wall Street, I'm just trying to take advantage of a couple of downturns lol.

Told her that I'll help her set it up to go long term since when we're looking back at this in the future a lot of gain will be had.

This is why sometimes I don't like to say what I do.

 

[Cuzcatlan]

Sold put on AXP for $203, strike price $82 on 04/24. Don't mind if im left holding AXP.

 

[SBJJ]

lol SHAK (Shake Shack) with a shady AF interview on CNBC and getting tweets from Mnuchin about returning their small biz loan to the gov.
So fucking weird and PR sheisty.
"oh hey we're a multi bil company, but we need a small biz loan of 10 mil. Oh psyche just kidding let's reject it and get 10 mil in free politically tinged advertising instead"

Yea. Saw that. It was so obvious the real story was being danced around

 

[SBJJ]

what is happening to WTI crude oil?

Could be a contract thing. June contract still at 22.00

Fucking crazy though.

I think there are signs we are about to see an astronomical crash

 

[Lowiqredneck]

Could be a contract thing. June contract still at 22.00

Fucking crazy though.

I think there are signs we are about to see an astronomical crash

WTI as of 5 minutes ago was 21 cents a barrel!!!!!!!

 

[Snackbar]

WTI at -7 bucks. Crazy times

 

[SBJJ]

WTI as of 5 minutes ago was 21 cents a barrel!!!!!!!

NEGATIVE 37.00

lol

 

[HockeyBjj]

So where can I find someone to pay me to stick some 55 gallon drums of oil in my garage? That’s what this implies isn’t it? Lol

 

[Fanu]

what is happening to WTI crude oil?

Oil plunged into negative territory for the first time on record. The commodity's latest round of sharp selling comes as uncertainty mounts around storage for excess oil. Demand for crude has plummeted since the coronavirus outbreak has frozen activity worldwide.

The price of oil has continued to slide even after OPEC and its allies agreed to the biggest-ever production cut - one intended to backstop prices. Investors remain unconvinced the cuts can offset cratering demand for the commodity as the novel coronavirus keeps society from operating normally.

"Basically, bears are out for blood," said Naeem Aslam, the chief market analyst at AvaTrade. "The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut."

He added: "The bottom line is that there is no doubt that oil prices are way oversold at the current level, but given the circumstances, it is likely that the price may continue to fall further because the rig count hasn't touched its bottom yet."
https://markets.businessinsider.com...crude-oil-wti-falls-to-21-year-low-1029106364

 

[SBJJ]

So where can I find someone to pay me to stick some 55 gallon drums of oil in my garage? That’s what this implies isn’t it? Lol

I mean, it kinda does. And would you also get to keep the oil

 

[senri]

I mean, it kinda does. And would you also get to keep the oil

Its too toxic to store in bulk. I imagine very few know how to store it properly.

 

[HockeyBjj]

I mean, it kinda does. And would you also get to keep the oil

Exactly. They pay me to store it, and then I get to sell the oil itself at a later time when I wish

Shit like this is why the entire concept of the stock market has confused me and I’ve never got in anymore than just some mutual funds.

 

[SBJJ]

And market following suit.

I have a nasty feeling we are gonna wake up one morning and live in a different world. I believe there is a biblical crash coming

 

[senri]

Exactly. They pay me to store it, and then I get to sell the oil itself at a later time when I wish

Shit like this is why the entire concept of the stock market has confused me and I’ve never got in anymore than just some mutual funds.

Just buy physical gold instead.

 

[SBJJ]

Its too toxic to store in bulk. I imagine very few know how to store it properly.

Yea. Tankers are in high demand

 

[Stoic1]

And market following suit.

I have a nasty feeling we are gonna wake up one morning and live in a different world. I believe there is a biblical crash coming

The market is going to drop 500+ points tomorrow I fear. It might be 1k but I hope not.

Let's flatten the curve.

LOL.