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Loaded big in the teens.
I had to load them. Got in in the 19s for both. It's a gamble but I'll take it and try to flip it.
Loading DAL loading RCL.
Didnt get my buys filled damnit. Tried to load RCL.
Look at RCL and DAL if you need proof just how far a stock can fall. Down another 28% now. Hot damn.
24.9% unemployment rate in 1933.
Was reading about that last night all over Twitter. Apparently Ohio has see a 600% increase in weekly claims. Some 45000 cases now.
My TFA is about to run out. 19s on the DOW now. If it hits 17.5s I'll probably have to take up an initial stake because at that point I really have no idea what to expect.
Theres been talk that it could blow passed down to the 60% area only to shoot back up. The fabled V theory.
Now with reports of significant unemployment rolling in however I just don't know what to think. Its borderline 1929. Which was 24.9% at its peak.
That's scary.
This is a whole different monster we are dealing with. 9s hitting now. 8s coming.
If that's your prerogative go for it. At this point any buy if held should eventually be profitable. It's more about maximising the spread for me haha.
I will notate it down. No leaps getting made yet. Got to find bottom first.
I agree, but for the sake of trading I've left ultimates off the table.
Quite possibly. Theres so much going on at this point I'm having difficulty following up.
I saw you were dabbling in crude and silver.
I'd avoid trading crude until more negotiations are established.
The oil war could last a long time.
Silvers not a bad bet, especially if they dont turn things around quickly.
I like 20%-30% @ PG and CLX (safety shares)
Thinking maybe 10% at OXY (primarily for the dividens).
30-40% @ DAL, RCL
30-40% @ SIX, DIS
Whatever is left @ CGC.
So long as it above 0.00 it can always give more.
If you feel like buying and holding here its a conservative choice. No one would fault you.
My money for now is going to remain liquid. No holding of assets more than 24 hours until I have concrete evidence from the federal government that the virus will be addressed.
Monetary policy is not going to address the virus. Therefore the virus is going to continue to cause damage. Damage will drive the markets further down.
A lock down is almost required at this point to have any chance at changing the trajectory of the markets. Without it down is all we will manage.
To much money being throne at the markets and not doing anything to prove this point.
As long as there hasn't been one, then CGC has not potentially hit bottom. Still firm on $8.00.
Not sure how to say this but another 500 billion from the fed after 1.5 trillion and 82 billion. Now 830 billion in economic boost to individuals from DC and 50 billion from emergency declaration and another 8.5 billion in the original covid 19 bill. Now they're talking of cutting taxes at the end of the year and sending everyone pay checks.
Interest rates are now near 0%.
If the markets were gonna jump we'd have seen it already. This indicates that all the above have only served to damage the markets further because no real solution aimed at stopping the virus has been brought forth.
I see a lot of smoke and mirrors here. Over all opinion at this point is HUGE RED is coming soon because DC keeps throwing money at the virus thinking its gonna go away.
What's y'alls thoughts?
13% or 3K drop in the DOW after all that stimulus and effort. Yah 17s are coming.
Anything over 20% is considered bear market. I'm not saying 68% I'm saying 60% from the top using rough numbers. If the top is ~30K then we would see an 18K drop as an extreme. I'm sure you get this, but to clarify.
29,551.42 X 0.6 = 17,730.85
So look for 11,820.57 to be the extreme should this really hit the fan.
Your mid point is 14,775.71
Your 40% is 17,730.85.
Now take these numbers and pull a long term chart of the DOW. We are talking years.
Trace a fewstraight lines across obvious points of support and resistence that are closest to these three numbers. Trace your trend lines as well. If we do this we quickly determine that 10-14K (12K) is your average 60% drop. 14 - 16K (15K) is your 50% 16-18K is your 40%.
Ironically at 30% (20685.7) there is no real long term support. So you should expect that if we cannot hold 23.5K as it now appears that the next place we will go is going to be mid 17 which is where I will begin buying.
If no volume then definitely dont buy. You'll screw the pooch trading inverse ETFs with no volume.
Wouldn't. Other leveraging against anything except the major markets. I wouldn't hold any leveraged for more than 24 hours.
These markets are super volatile at this point so there shouldn't be a need to hold it long term anyway. Get in and get out.
I'm not. Worst case is low 12s. Best case is 21s. Most likely case is somewhere in between 15s to 18s.
Pretty little jump from 9s this morning. Still firm on 8s. Will be short lived.
No bounce anyway haha.
Here's a bad call. No bounce just blood shed, of course I stressed in the post after that I was going off fridays news and that I hadn't had time to research for the day yet. Drivepact came out shortly after stated it would be bad so. No bodies perfect. That being said others perspectives can be very helpful in navigating trading if they are well rounded and good. You definitely need a filter.
My bad calls are generally deal with timing. Meaning I make a call and it's a week or two late. Collectively over the last 2-3 years I could probably count the number of bad calls I've made on 1 hand.
Unfortunately not a billionaire. Haha I'm hobby trader though. I'm good enough at it that I bought a boat last year with profits.
If anything I'm overly cautious when it comes to trading.
Sold cgc in the $50s several times. Man those where some good times haha.
It's hard to say what bottom is. I mean the fed has literally thrown everything at this beast now and look at it still going down. 40 or 50% may be conservative at this point who knows.
I tend to avoid 3x leveraged ETFs unless you're buying with news or on an event. IE presidents address is terrible.
Yah bad sign for this morning. Could be ugly as hell.
What's your opinion market wise if a national lock down were to occur. We were 2200 cases yesterday at 10AM. We are now approaching 4K.
Tomorrow will be interesting unfortunately I haven't had time to follow up yet. I've been working on album videos for my bands upcoming release on the 30th. I'll be checking into things tonight to see what money could be made tomorrow.
Thanks for the shout out.
*would not be a bad move.
Next events that may raddle the market to consider are the following in any order.
1) systems overwhelmed (hospitals and staffing)
2) supply shortage
3) insufficient tests, slow tests, or false readings mistakes, bad system.
4) panicking public. (Weve already seen this once)
5) martial law or military intervention (can be a good thing in my opinion if enacted soon. Bad thing if its inacted to late.)
6) europe or other countries fail.
7) new feed back loops already in full swing and continuing to grow one global scale. IE oil or excess metals.
8) quarterly results over the next 2 years.
9) extent of recovery or continued pandemic that last several years.
This is just a few of the items I'm thinking about.
I think this week will be one of ups and downs as investors believe that we have reached bottom start to dip their toes. That's fine. I'm more worried about sentimate when those case numbers explode to 10K by the end of the week. I suspect we will see a pretty bounce come Monday. Again it's the end of the week I'm more interested in.
I still don't think we've hit bottom so I'll hold off on any long term investments. I will probably be in and out as I have been doing for the last 2 weeks. To risky to buy and hold.
Conservatively speaking taking an initial stake in any stocks you've chosen at these levels would be a bad move so long as you reserve some funds to load additional shares should it continue to go down.
I'm more of an extremist. I'm looking for at least a 40% shave off the major markets.
They're across the entire market. Although Proctor & Gamble and Clorox company are holding up pretty damn well compared to others.
Besides the fact is the goal is to sell more drinks not less. It doesnt make sense to sell one can per high. Sometimes I wander. They make more money I make more money.
THC consumed is absorbed into the body via a different pathway. It causes the creation of a different compound verses inhalation that results in a slower but more intense high. Theyve likely set the limit at 2mgs for a good reason.
This post is not intended to scare or come off as dooms day ect either. It's just my current perspective.
I don't think so. Still firm on my $8.00 call. Still firm on 40% off the top for the dow with 50% also being a possibility. Again completely unprecedented times at this point. I'm not sure you're fully grasping the reality of the situation unfolding before us now. Most traders arn't. Listen theres not enough positive news yet, theres to much uncertainty. If you want to buy you can, but theres still a lot of room to go down and the numbers have just begun to break out virus case wise.
A recession is certain. The ride is not over. Stay patient. Also for cruises I suggest you focus timing your entry around government policy or alleviation and at least at a 40% drop in the DOW. They have been decimated. I personally like Royal Carribean.
The gains you saw at the end of today while positive will be short lived in my opinion. I thought the announcements by trump were alright, but at the same time it's all 2 weeks to late and he has a habit of grandstanding. I see no real evidence that the US is prepared at this time. I will be closely watching for signs we are improving. So far things are still ramping up and getting worse.
On top of this there appears to be additional chaos developing in the European markets as they are now printing money and experiencing case explosion as well.
Grocery stores sold out of food locally here today. That's a first for me. We are preparing to buckle down. My girlfriend is out of work until further notice. It looks like I'm next. Company meeting today discussed the possibility of a shut down.
Mass hysteria insued at walmart and Sam's club. 2 dudes tried to kill each other with wine bottles.
Change your investment thinking. Deep red is coming again.
And I'm in a state that is just beginning to get cases officially. Although it appears false because they are severely limited in the number of covid 19 test available. This would indicate the numbers in the US are currently higher then what's officially being given.
It's about to get real ugly.