Economy stonks only go up v6.1

[kahiljabroni]

these spikes are all trader driven. Huge up days require a firm hand to short and a huge down day calls for buying.

So u gonna short end of today? Even with the threat of a stimulus pass spike?

 

[brackis1]

So u gonna short end of today? Even with the threat of a stimulus pass spike?

The stimulus is part of this rally and scaring shorts into covering imo. Thats why you have some stocks up 30+% on hugely shorted companies.

 

[kahiljabroni]

The stimulus is part of this rally and scaring shorts into covering imo. Thats why you have some stocks up 30+% on hugely shorted companies.

Interesting. Would be a ballsy move imo...you planning on shorting today? If the bill doesn't pass again i could see a rough day tomorrow but if it does?

 

[86'd]

Interesting. Would be a ballsy move imo...you planning on shorting today? If the bill doesn't pass again i could see a rough day tomorrow but if it does?

 

[Rob Battisti]

The stimulus is part of this rally and scaring shorts into covering imo. Thats why you have some stocks up 30+% on hugely shorted companies.

Trying to keep a firm hand on my puts. Down 1700 right now.

 

[MMAisGod]

I think the market is also responding to trump talking about starting up the economy in weeks instead of months...cuomo was hinting at similar ideas.

I'm not saying weve reached the bottom...but i don't think well see roku down in the 70s.....uber at 15....disney in low 80s....etc, etc. I feel like i missed the boat on alot of stocks and won't be getting another shot at that price. I did buy a bunch....zillow at 22 for example but nowhere near the amount i should have..

I feel the same. I'm glad I was able to throw in a few bones on some low dips. My ups in recent buys that I'm holding are a ton of Starbucks at $52 (I'm just overly confident that it goes back up to $80-90 a share at some point because, it's Starbucks), Delta at $22, AMC at $2.20, Uber at $17, and Amex at $71. I have a couple that are just "around the same" from when I bought it. I'm no expert but I guess my fear would be that they won't go back down to those prices again, so I lost out by not going all in at those rates. I was/am still holding some cash in case there is bigger dips, thinking longterm buys, but feeling we might have seen the worst for now? Not sure, but if they announce some two trillion economy-saving package, I think we've seen the end of the fire sale.

 

[brackis1]

Interesting. Would be a ballsy move imo...you planning on shorting today? If the bill doesn't pass again i could see a rough day tomorrow but if it does?

I already put my shorts in when it hit 20250 earlier and am ahead slightly. I'll follow the news.

 

[kahiljabroni]

I feel the same. I'm glad I was able to throw in a few bones on some low dips. My ups in recent buys that I'm holding are a ton of Starbucks at $52 (I'm just overly confident that it goes back up to $80-90 a share at some point because, it's Starbucks), Delta at $22, AMC at $2.20, Uber at $17, and Amex at $71. I have a couple that are just "around the same" from when I bought it. I'm no expert but I guess my fear would be that they won't go back down to those prices again, so I lost out by not going all in at those rates. I was/am still holding some cash in case there is bigger dips, thinking longterm buys, but feeling we might have seen the worst for now? Not sure, but if they announce some two trillion economy-saving package, I think we've seen the end of the fire sale.

You got some good bargains there. Seemed like i was one day behind every stock i was watching. "Damn chewy just jumped 30%, guess ill buy tempur sealy tomorrow.....oops tempurs up 20% today, ill get uber tomorrow...oops"...and so on for the last week. Im thinking its the army of newer online traders scooping up these stocks for a 3rd of what they used to be while the general market trends down or level.

 

[MMAisGod]

You got some good bargains there. Seemed like i was one day behind every stock i was watching. "Damn chewy just jumped 30%, guess ill buy tempur sealy tomorrow.....oops tempurs up 20% today, ill get uber tomorrow...oops"...and so on for the last week. Im thinking its the army of newer online traders scooping up these stocks for a 3rd of what they used to be while the general market trends down or level.

Right, and lucky timing. When I made the first buys earlier in the month, they were down but nothing like they were last week when I spent the most because I had the parameters "set" and they dropped to it. Now I'm just confused what to do next. It's like do I wait and sell some keep some. Do I just hold them all. What to do lol. Time to triple up my education on it before making a choice I think.

 

[kahiljabroni]

Right, and lucky timing. When I made the first buys earlier in the month, they were down but nothing like they were last week when I spent the most because I had the parameters "set" and they dropped to it. Now I'm just confused what to do next. It's like do I wait and sell some keep some. Do I just hold them all. What to do lol. Time to triple up my education on it before making a choice I think.

When you buy stocks that low i would look to hold them through a good portion of the next bull market right as stocks are becoming overpriced. And definitely more than a year so it's taxed as capital gain.

 

[MMAisGod]

When you buy stocks that low i would look to hold them through a good portion of the next bull market right as stocks are becoming overpriced. And definitely more than a year so it's taxed as capital gain.

See. This is why I'm in this thread lol.

 

[86'd]

I already put my shorts in when it hit 20250 earlier and am ahead slightly. I'll follow the news.

https://finance.yahoo.com/news/pelosi-2-5-trillion-virus-005743928.html

Judging from this link, I think your short calls will be a good move. I’m not confident that deal gets done after reading what the dems are asking for.

Also with unemployment numbers coming out Thursday, plus the we have no idea what Q1 earning will be until the top of May.

So I have no idea how far things can actually rise outside of the Fed just dumping more and more money into the market and a sprinkle of news like the economy starting again after Easter

 

[brackis1]

https://finance.yahoo.com/news/pelosi-2-5-trillion-virus-005743928.html

Judging from this link, I think your short calls will be a good move. I’m not confident that deal gets done after reading what the dems are asking for.

Also with unemployment numbers coming out Thursday, plus the we have no idea what Q1 earning will be until the top of May.

So I have no idea how far things can actually rise outside of the Fed just dumping more and more money into the market and a sprinkle of news like the economy starting again after Easter

To be clear; I'm swing trading and someone looking for a longterm pick should buy anytime now if they think the market will also think the company survives and justifies its current share price.

 

[86'd]

To be clear; I'm swing trading and someone looking for a longterm pick should buy anytime now if they think the market will also think the company survives and justifies its current share price.

Right. That's what I'm complementing you on. Solid swing trade game strategy

Or if we were golfing, nice short-term game

 

[Rob Battisti]

Predictions for tomorrow?

 

[fordman7795]

Predictions for tomorrow?

-.25% to +.25%. But I’m never right

 

[Rob Battisti]

-.25% to +.25%. But I’m never right

I only have one Put expiring this week. I need Hertz to take a dip.

 

[86'd]

Predictions for tomorrow?

If they get a bill passed, a solid bump to the green.

If they don’t a sideways trend to a slight tick down.

I’m still going with my gut and saying Thursday there’s a drop off with unemployment numbers being released even if they already know they’ll be bad.

 

[Rob Battisti]

If they get a bill passed, a solid bump to the green.

If they don’t a sideways trend to a slight tick down.

I’m still going with my gut and saying Thursday there’s a drop off with unemployment numbers being released even if they already know they’ll be bad.

I’m confident the bump today was nearly all stimulus

 

[DivineMind]

@Rob Battisti

Anyone know the easiest / lowest fee / simplest platform for trading options on the SP500? Calls / puts, 2-3 months out.

Preferably with good historical pricing charts.