Economy stock talk v7, meme stocks go up

[brackis1]

lol jesus Cramer is such a corporate huckster. Doubling down and repoeatedly mentioning "300 million strong on Zoom" over and over which is a straight up proven lie lol. Then sucks off Beyond Meat for 5 minutes and brings them an extra 100 mil in market cap.

LOL trippling down with another inssane rant about how Zoom and botox is the new economy. like jesus, shut the fuck up lol.

 

[BIKES!]

fucking hell, man. DOOMSDAY! no, it's worse than that - it's DOOMSDAYER! no, wait. WE'RE ALL DEAD

what's unlimited qe? wait, you mean this covid bullshit looks like a temporary state, and not something that's the end of humanity? nope, DERPRESSION!


also, lolz @ spce

Hey, I’m not some doomsday prepper. I’m just a person who has worked in big CPG/FO 500 company for close to 20 years.

The amount of people I know that have been impacted or soon to be is close to 90%. The new 3yr strat plans being modeled predict severe declines and changes in consumer behavior. We’ve seen a premiumization movement across all sectors the past 5+ years that will end. Companies are turning down the stimulus knowing they have big layoffs in the immediate future.

Unless we print $3T every 4 weeks for the next 18 months, the recession (reality) will catch up.

Anecdotally, with no daycare or schools for kids, who will run retail stores in CA and NYC? What businesses can afford to keep their doors open with 25% foot traffic? Do you really not see a rental (and then home loan’s) default situation of biblical proportions?

 

[rob mafia]

Hey, I’m not some doomsday prepper. I’m just a person who has worked in big CPG/FO 500 company for close to 20 years.

The amount of people I know that have been impacted or soon to be is close to 90%. The new 3yr strat plans being modeled predict severe declines and changes in consumer behavior. We’ve seen a premiumization movement across all sectors the past 5+ years that will end. Companies are turning down the stimulus knowing they have big layoffs in the immediate future.

Unless we print $3T every 4 weeks for the next 18 months, the recession (reality) will catch up.

Anecdotally, with no daycare or schools for kids, who will run retail stores in CA and NYC? What businesses can afford to keep their doors open with 25% foot traffic? Do you really not see a rental (and then home loan’s) default situation of biblical proportions?

'i know all about the stock market, let me tell you how little i know about the stock market'

the stock market doesn't really mirror the economy. small businesses/etc aren't generally publicly traded companies. additionally, perhaps you've heard of IRAs and etc? and retail? what? retail's been generally down for like... a decade (or more specifically, has lost share to online/etc). get with the times, grandpa.

do you REALLY think we're going to be shut down for 18 months? and if so, do you really think we'd be shut down for 18 months without govbucks ala yang's UI?

the fact of the matter is... for all the doom and gloom and market collapse talk - covid's been a boon to a lot of tech/etc companies. perhaps you've heard of the cloud? and whether it's good or not (personally, i don't like the weighting at all), the s&p is anchored by msft, amazon, apple, and google. if you want the market to realllllllly tank like... you seem to want, you'll have to seriously knock tech down. while it's more important than ever. so good luck.

 

[brackis1]

'i know all about the stock market, let me tell you how little i know about the stock market'

the stock market doesn't really mirror the economy. small businesses/etc aren't generally publicly traded companies. additionally, perhaps you've heard of IRAs and etc? and retail? what? retail's been generally down for like... a decade (or more specifically, has lost share to online/etc). get with the times, grandpa.

do you REALLY think we're going to be shut down for 18 months? and if so, do you really think we'd be shut down for 18 months without govbucks ala yang's UI?

Not to mention that everyone who talks doomsday then shits themselves if they short and it goes bad and the market gets driven up.
Gotta short selectively and when others aren't already in on the danger.

 

[BIKES!]

'i know all about the stock market, let me tell you how little i know about the stock market'

the stock market doesn't really mirror the economy. small businesses/etc aren't generally publicly traded companies. additionally, perhaps you've heard of IRAs and etc? and retail? what? retail's been generally down for like... a decade (or more specifically, has lost share to online/etc). get with the times, grandpa.

do you REALLY think we're going to be shut down for 18 months? and if so, do you really think we'd be shut down for 18 months without govbucks ala yang's UI?

No, I think we are opening the economy. My prediction also assumes only a minor second wave of the virus.

I’m well aware the stock market is over valued to hell and incongruent with real metrics.

What I see is 6 consecutive periods of severe layoffs and unemployment, combo’d with poor earnings.

many sectors are at a minimum changed for the next 3-5 years. Buffet got out of the airlines, what about hotels and all other services that cater to travel?

The multiples are comedy and the stock market is no different than government debt. You always pay the piper for artificially propping up

 

[rob mafia]

Not to mention that everyone who talks doomsday then shits themselves if they short and it goes bad and the market gets driven up.
Gotta short selectively and when others aren't already in on the danger.

fo'real. if this guy seriously was convinced it's going to crash as predictably as he said, he'd just short it. instead, he's just whining up this thread.

 

[rob mafia]

No, I think we are opening the economy. My prediction also assumes only a minor second wave of the virus.

I’m well aware the stock market is over valued to hell and incongruent with real metrics.

What I see is 6 consecutive periods of severe layoffs and unemployment, combo’d with poor earnings.

many sectors are at a minimum changed for the next 3-5 years. Buffet got out of the airlines, what about hotels and all other services that cater to travel?

The multiples are comedy and the stock market is no different than government debt. You always pay the piper for artificially propping up

what short-sighted drivel.

so hotels and travel's going to be negatively impacted? THANKS, CAPTAIN!

welp, i guess the entire stock market will just implode! you act like the market doesn't adapt. ccl/aal down. msft up.

lolz @ poor earnings, too. do you even read this thread?

many sectors are at a minimum changed for the next 3-5 years.

...such as?

 

[brackis1]

what short-sighted drivel.

so hotels and travel's going to be negatively impacted? THANKS, CAPTAIN!

welp, i guess the entire stock market will just implode! you act like the market doesn't adapt. ccl/aal down. msft up.

lolz @ poor earnings, too. do you even read this thread?



...such as?

okay calm down and stop spacing your post so much and let's get back to picks!
gold miners are down 3-5% and I was in cash, so I think it's load time.

goddamnit Smile Direct up 15% again the day after I start going "hey this is down I should track and decide on an entry." grrr

 

[rob mafia]

btw, the funniest part about this is that even bullshit pennystock sham companies like nbev (who took a ppp small biz loan) adapted to covid quickly and rebranded themselves as a wellness/immunity boosting company and seem to be doing quite well (especially for a pyramid scam). but i just watch them for theta plays.

okay calm down and stop spacing your post so much and let's get back to picks!
gold miners are down 3-5% and I was in cash, so I think it's load time.

goddamnit Smile Direct up 15% again the day after I start going "hey this is down I should track and decide on an entry." grrr

sdc's gotten away from me so many times. every damn time i think i'll buy on a dip it just takes off.

not sure about gold, i'm kinda paying attention to them but also kinda waiting on entries. might look for some with decent options (ie: not ngd, haha) and sell puts.

spce has been a fucking goldmine (rimshot!) for me. i've gotten a solid 100-150/week per 100 shares just from selling (covered, would not risk naked on this) calls. i sold this week's at a $17 strike, expecting it to drop a lot after earnings... but i'd be happy if they finally get assigned. (it's at like 17 right now)

i've been lazy and haven't been running too many fd schemes since my favorite targets are having reverse splits. womp, womp.


edit: and i'm still holding spwr from a bit ago, their earnings is tomorrow after hours. i figured their earnings would suck, but apparently enphase's was good, so beats me. i wanted to hold spwr til their split, but i get so bored with holding.

 

[rob mafia]

gold miners are down 3-5% and I was in cash, so I think it's load time.

well, i just bought some ngd and sold calls for 6/19 on it. won't make tooo much, but it looks like easy free money. even if you only get .10 (i got .15 on some and will take .10 for the rest if they don't fill) at $1, it's a decent % for a .87 gold stock. mostly using it as a place holder to research others, though...

 

[brackis1]

well, i just bought some ngd and sold calls for 6/19 on it. won't make tooo much, but it looks like easy free money. even if you only get .10 (i got .15 on some and will take .10 for the rest if they don't fill) at $1, it's a decent % for a .87 gold stock. mostly using it as a place holder to research others, though...

Nice.

I really left money on the table today expecting the market to kill rallies.
Got out of Everbridge up 10%, now up 21%
Flipped Shop for 1%....up 6%
Cars,com took 17%...up 29%

 

[rob mafia]

Nice.

I really left money on the table today expecting the market to kill rallies.
Got out of Everbridge up 10%, now up 21%
Flipped Shop for 1%....up 6%
Cars,com took 17%...up 29%

*shrugs*

still good returns (well, 'cept shop), and guaranteed profit is guaranteed profit...

 

[brackis1]

*shrugs*

still good returns (well, 'cept shop), and guaranteed profit is guaranteed profit...

lol CARS now up 46%...... oh the fomo...

edit: 53%.....
Could have bought myself a car if I'd stayed in lol.

 

[rob mafia]

lol CARS now up 46%...... oh the fomo...

edit: 53%.....
Could have bought myself a car if I'd stayed in lol.

holy shit, that's nuts. i take it back...

 

[rob mafia]

lolz @ spce

i actually bought my calls ($17) back when it was at 17 today. looks like that was a good move, sold calls @ 18 for next week.

the meme economy is unstoppable.

 

[brackis1]

lol my internbet died right as I was posting "I think I have to short ETSY at the end of the day.
Could get my asshole ripped open by this stay home economy fad, but I just don't trust their model"

Managed to get a hundred shares and make a nice 5%, but weak score all things considered.

 

[brackis1]

Moderna with another huge pump; back to the highs.
Musk on Rogan debuting at Noon Eastern. Gonna try to speed watch it and wait for some bullshit inside it.

Cramer literally won't shut the fuck up about Beyond Meat on CNBC it's scary. The pea protein industry is loaded with propaganda money. It's like....yall realize we can eat other things besides weird puree fake meat and eat vegetables right? Oh wait no cause you're paying people to sell your shit. Watched that Netflix doc GameChanger and got weird peaprotein vibes.

 

[brackis1]

Glad I'm mostly cash cause every small flier I've taken today seems to have been immediately been gobbled by an algo and dumped 1% the opposite direction.

 

[Ophydian]

Sold* helps offset the Moderna blood bath. Shouldn' have listened to you guys

Oh, look at this, FDA gives Moderna phase 2. Wow, look at stock jump 12%. Guys, this is a bloodbath, get out!

Let’s not trade off information but let’s trade based on our own opinion of Science.

 

[brackis1]

Oh, look at this, FDA gives Moderna phase 2. Wow, look at stock jump 12%. Guys, this is a bloodbath, get out!

lol that shit immediately dumped 9% at the open back to basically the exact price as when that convo happened, so yeah, it's total casino money.
Only idiots buy into news on biotechs. They're notorious for selling off on trial news spikes. Go look at AIMT for example.