Economy stonks only go up v6.1

[rob mafia]

no idea why the last one was locked.

lolz @ the market. killer deals to be had if one has balls to ride out the widespread panic. fastest market crash since a high.

bear gang running shit
bull gang dieded
theta gang cycling

@brackis1
@44nutman

 

[reveler]

everybody loves a good panic

 

[dissectingaorticaneurysm]

WSB made the cover of Bloomberg.

“Twenty years later, one thing that’s changed is the nomenclature. It’s frequently both juvenile and objectionable. For Reddit’s band of self-styled “autists”—a term of endearment, relatively speaking, that crudely leans into stereotypes surrounding extremely online people—the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”). Figuratively speaking, tendies are the financial rewards that follow from a successful bold wager. Bears are usually referred to in homophobic terms.”

 

[rob mafia]

yeah, we broke the market with all the msft calls.

shout-out to that fat fuck on cnbc that called us all a bunch of psychopaths.

 

[44nutman]

no idea why the last one was locked.

lolz @ the market. killer deals to be had if one has balls to ride out the widespread panic. fastest market crash since a high.

bear gang running shit
bull gang dieded
theta gang cycling

@brackis1
@44nutman

I was going to send you an IM to see what happened to the last thread.
I have a few penny Pharma stocks going nuts today.
GE is killing me right now. I should have sold. I am changing my strategy on my Dividends stocks. I will treat them like the rest. I need to start taking profit more often.
Got lucky sold 3 stocks last week and made some money. Going to poach some bargains, been watching a few stocks. Missed PLUG's drop below 4 this morning now it up to 4.20.
NOBL is making some moves today. I bought that on 02/25 think they are positioned for a run. Not the 30+ some are talking about, but think 20 by the end of the year is not unreasonable.
They have trimmed the fat and have some fields exceeding gas output. They were running into lease problems for fields with foreign governments. They still have that problem, but like I said they have trimmed some fat.

 

[rob mafia]

interesting stock to watch:

amc

~65% short. DESTROYED their q4 earnings. execs taking a paycut for a stock incentive if the SP doubles from it's current levels ($6). cut dividend from .20 to .03. buying back $200M of shares. it would be the most epic short squeeze in ages if it wasn't for the corona bullshit.

next week's should be weird, the blackout period should end tuesday, so might see the float shrink then.

i've been sitting on shares from before the virus and sell calls on it, so my gains/loss is basically capped. but it COULD make for interesting plays or an interesting market gauge, re: fundamentals vs panic. long-term, amc looks to be killer.

 

[Cuzcatlan]

I should maybe load on some calls for August.

 

[rob mafia]

I was going to send you an IM to see what happened to the last thread.
I have a few penny Pharma stocks going nuts today.
GE is killing me right now. I should have sold. I am changing my strategy on my Dividends stocks. I will treat them like the rest. I need to start taking profit more often.
Got lucky sold 3 stocks last week and made some money. Going to poach some bargains, been watching a few stocks. Missed PLUG's drop below 4 this morning now it up to 4.20.
NOBL is making some moves today. I bought that on 02/25 think they are positioned for a run. Not the 30+ some are talking about, but think 20 by the end of the year is not unreasonable.
They have trimmed the fat and have some fields exceeding gas output. They were running into lease problems for fields with foreign governments. They still have that problem, but like I said they have trimmed some fat.

imo, you should sell calls on all/some of your PLUG. it has/had (hard to say right now with panic) fairly pricey premiums for well out of the money calls. basically free money, since i know you want to hold it for a while. i think their earnings is next week, so the IV is high.

 

[Stoic1]

I've needed this for a while.

 

[rob mafia]

I've needed this for a while.

ha, which/what? the crash?

 

[Stoic1]

ha, which/what? the crash?

Another windfall.

I've had several years of dividends I have not re-invested because the market was artificially high. This correction is going to be opportunity.

 

[FireKidWS]

no idea why the last one was locked.

lolz @ the market. killer deals to be had if one has balls to ride out the widespread panic. fastest market crash since a high.

bear gang running shit
bull gang dieded
theta gang cycling

@brackis1
@44nutman

Not sure the market is done falling quite yet, but I agree with your sentiment.

Once Corona is contained, several unfairly hit stocks should have sizable momentum up.

 

[rob mafia]

powell just signaled a rate cut.

bull stampede go.

 

[Fugazy]

Another windfall.

I've had several years of dividends I have not re-invested because the market was artificially high. This correction is going to be opportunity.

How so?

 

[Stoic1]

How so?

Because I literally have $150k sitting in a money market doing nothing. I wasn't going to buy into a bubble. I buy at the bottom. 2008 was a goldmine for me.

edit: Oh, you mean "artificially"

That is a pretty broad topic that could start with cheap FED money and go all over the place into speculative cost completely disconnected from things like P/E or market share.

 

[44nutman]

Made some money on OGEN.
Bought beginning year at .4779, sold 02/21 at .5981, bought 02/27 @.5599 and now at .7323. I have had some luck with penny Pharma stocks lately.

 

[rob mafia]

artists depiction: theta gang taunts bull, circa 2020

 

[rob mafia]

That is a pretty broad topic that could start with cheap FED money and go all over the place into speculative cost completely disconnected from things like P/E or market share.

plus, the reliance of mutual funds/ETFs like SPY.

 

[MMAisGod]

Huge drops across the board. I'm no stock guru besides having money in it through my job and a couple of stocks I was advised in the past, so I'm curious what you guys think.

If you had a few thousand of expandable money, can afford to lose taking a risk, where would you drop it during this dip? Say 5k. And why?

@rob mafia
@brackis1
@Jack V Savage
Anyone else, not sure who is knowledgeable with stocks.

 

[kahiljabroni]

no idea why the last one was locked.

lolz @ the market. killer deals to be had if one has balls to ride out the widespread panic. fastest market crash since a high.

bear gang running shit
bull gang dieded
theta gang cycling

@brackis1
@44nutman

I'm not afraid of the virus so much but are these prices really that great when so many stocks are still up 40-50% in the last year despite this week and p/es are crazy high and we might elect a socialist in few months?