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I see a whole lotta bullsh*t. Today was pure manipulation plain and simple and I've seen some crazy stuff.
Today was unthinkable. CGC hit the resistance and came back down a bit. But these major markets?
Bull. Sh*t.
You should be able to see the problems by now. Money doesnt make the virus go away. It's not that complicated.
1) feds pumping money into the market at unprecedented levels.
2) market explodes today on hot air. They say it's all investors piling in. That the biggest BS I know of. I didn't buy. Did you? I like to think I am a pretty rational person.
3) now they're saying 6 trillion dollars. 6 TRILLION. and return to work in April? HAH fat chance.
4) in addition to the fact that the case numbers will get worse. Folks wont be going to work and the hospitals will be overwhelmed
5) did you see that bill! It terrible.
I mean where's all that money coming from? Even bigger what does that do to the value of the US dollar. What do other country's think about this? I see a bigger problem unfolding here. One that you cannot buy your way out of. Be weary of todays rebound.
Its setting things up for BIGGER red in the coming days.
You'll see. The bulls are about to go to the slaughter. Everything about today made zero sense. ZERO SENSE.
Re-read my past posts. Good luck.
The worst is yet to come.
I don't. Sorry mate.
If you've made buys today, you will be red in 15 days if you hold them. Likely significantly read. Check the media. It appears trumps is back at not listening to his advisers. This was what caused the initial drop in the markets. Be very very careful going forward.
It's about to go full on shit show again in my opinion.
If you own this as of today. I'd be taking my profits right about now.
Best of luck.
Im doing my daily investigative work. A case is once again being made that trump is ignoring his SMEs, Fauci is missing in action. Trump may attempt to reduce restrictions in the near future rather than increase them.
My opinion.
WARNING. GET OUT NOW.
I'm not convinced. If I miss the boat I miss the boat. I'm still in flip mode only. Given that the bill has not passed I'm not buying at this time.
If it fails again you should see todays gains disappear in the blink of an eye. If you don't you should start asking what the heck is going on.
Best of luck friend. I'm holding off on buying at this time. You know my position on the matter. Also I'm in the process of liquidating someone my toys this week to add to my trading power haha. No rush to buy just yet.
There will be a lot of companies rushing this with potential upside, however given the pickings in the market I would search for other SAFE stocks and load them.
Disney is a great example.
Add caution to the following:
Cruise stocks
Hotel stocks
Purchasing these assets should be dependent on government bail out. Also when purchasing these assets great care should be taken in paying attention to public persona. Individuals may take several months to return business to normal.
Bankruptcy is a real likelihood.
If owning these assets I suggest that you set limit downs and monitor them heavily. Do not be afraid to sell as they will continue to be high risk for the remainder of 2020 and into 2021.
That she's about to bounce off a resistence point and head back down lol. The gains are nice. If you in take them. Short term green.
The markets haven't hit bottom yet so I'd continue flip trading. I'm not at all convinced we've seen bottom. I think John's made an excellent rebound call, and I hope he takes profits quickly.
Now's not the time to hold. Especially since we have big green and no deal in the US.
Gut says lots of folks about to get burned again.
Good list.
Add the following:
OXY
SIX
RCL
Its mighty telling seeing the dow up this morning when no deal has been reached in congress. HMMMM I wander what's going on?
On the contrary CGC up is likely reflective of Canada's new bill. Bravo.
After seeing Canada's plan for combating the virus CGC may be a go short term.
Long term we still need to see what comes out of the US and how long the virus implications stretch out to.
Short term I'd say ride it up a ways, but dont forget to take those profits.
I'll continue to set the side lines. I've got some extra Capitol transferring this week as well so. No rush.
As long as the US can't come up with a damn plan I'm only flipping.
It's getting a bit ridiculous at this point.
Getting closer to that 17.5K mark on the DOW. Yeesh.
WEEDs not safe at the moment. I'm still firm on $8.00. Best of luck.
Price of gold is skyrocketing. Uh oh.
For those that follow. Note this post.
This mornings bigger market action is a major red flag that should not be taken for granted. This morning should have been a massive blood bath.
-fed is unloading massive amounts of money as we speak.
-case numbers are exploding.
-no deal was reached in congress.
Be vigilant and be careful.
Smart. I'm currently not holding positions longer then 24 hours either way.
To volatile to let the money be tied up.
It is now my understanding after this morning that the fed is once again buying assets and has basically come out as "we will stabilize this market with our infinite source of money" we could see early this morning that the DOW did bounce, but it now appears to be sliding deeper into the red.
Is any folks a bit worried about what this means as in inflation consequences long term.
A similiar thing occured in 1929. This has me a little worried as it has serious ramifications against the US dollar.
Thoughts?
I liquidated my RCL shares the same day I bought them for a cool quick profit.
Bankruptcy is on the table for several companies. You should definitely be worried about it.
Smart traders right now are buying and selling. Not holding.
Holding is a fools game because the big markets are not done going down.
No bottom yet.
Correction. As to not downplay the situation I'll just give it to you guys strait.
Next week is going to hurt.
I would not end today holding shares.
Next week is when the reality of this virus hits home.
Big red is coming again. This time its gonna be the crushing kind. Today was smoke and mirrors.
Heres why... next week.
-the case numbers get way out of control and lots of people begin to die.
-the hospitals will be overwhelmed on the coasts.
-more central states begin to enact even stricter policy as their numbers head to the critical 1000 number.
-food becomes more difficult to obtain.
-jobless numbers continue up
-money becomes more illiquid as people realize it is not safe to spend money.
-Possibilities may even include a national lock down and the fabled running of the banks. Who knows. I do think we will see a "reality factor" really set in next week.
Sure. We're heading down some more. Today your optimistic investors started loading shares, however we can see that the dow is once again going down.
I think you will find next week will repeat a similiar path as this week did as we once again hit greater lows.
As always the volatility will be extreme.
We are not at the bottom.
Meh. That ties the money up. Theres to many goodies happening all around in my opinion.
I've been flipping the big dips. Buying in at bottom and selling within a couple hours. Especially on the days the market stops hit.
Its gaining me anywhere between 5-15% every other day.
So far the only losses I've incurred are the cost to trade haha.
Not holding shares of anything at the moment. Wanted to see how today would play out.
Cool. I bought it and sold it same day earlier this week for 15% gains along with RCL. I don't own it now.
I enjoy your optimism. Its needed as of late. I think this is a smoke and mirrors play friend. Check the DOW its struggling to maintain green today.
If you've still got your holding from yesterday and today and theyve got good gains I'd consider taking the profits off the table.
The volatility isn't going away if you know what I mean Haha.
Are you flipping or holding?
Lol right.
A rare occasion, but I have to strongly agree with dogger on this one John.
All evidence suggest bigger losses ahead. Especially with the spiking unemployment revealed 2 days ago.
Correct. Meaning they're producing metals. Who buys those metals?
No demand = lower price.
Mining has not stopped. Neither has smelting. It cost to.much to stop smelting.
Not to sound alarmist, but if the government does not immediately impose a national quarantine there will be a DEPRESSION. The damage this is doing to the airlines, hotels, restaurants, cruise industry's will result in complete and total bankruptcy we cannot hold out for a vaccine. We also cannot continue our current approach long term. A month of complete shut down might save what's left. If they continue to drag this out my 50% shave is gonna look really really bad. I'm leaning more towards 60% or more shave at this point. I'm sure others share this opinion as well.
The unemployment numbers are coming in now. We are literally and ROYALLY fd if we continue as we are.
NOWWHAT do you agree?
Also note that US manufacturers will begin closing there doors now as well. This could create an event greater surplus in metals.
Not the same situation as 08 or 87. We saw these prices pre 08 and after 87 when there was excessive silver available.
You asked me for bottoms.
You need to note that going into 2020 there was a surplus of silver of 15 million ounces and a prediction of increased need of about 3%. However, china happened.
Theres has been a massive decline since January in manufacturing which has also lead to massive surpluses in other metals in addition to silver.
So 7.50 could come into the picture.
Personally I wouldn't buy either of them. I'm into making money quickly.
I avoid oil and metals.
If I were to pick between the two right now I'd go with oil over silver.
Historically
Silver - anything under $7.50 is a buy. If looking for conservative gains and held over a period of 3-5 years.
Crude - anything under $20.00 per barrel is a buy. If looking for conservative gains and held over a period of 1-3 years.
Bottom could be lower, but these a very safe prices IMO.
Conservative gains being 50%-100% over the time period.
I could have executed a little bit better for like 20%, but I'm not gonna complain. 15% for a 1 hour trade is pretty damn good.
With this volatility theres no reason to hold longer then 24 hours. I've freed the money up and we will see what can be made tomorrow. ^^ I wish I could go celebrate tonight, but I'm stuck at home unfortunately due to the whole world situation.
Hahaha
Hes got a point. It's a 60% shave. Lol.
And I'm out. Total gains for the day 14.19%
And now I've liquidated all shares again for 14.9% total gains for the day.
I'm officially have a fantastic day.
Loaded huge at 19s. This drop is unwarranted easy profit.