Investing General Discussion

Sanrith Descartes · Mar 24, 2020

Blazin said:
I did some maneuvering today, took some short term profits, at the close. Still holding longs but want to be in a better position if we have more volatility in coming weeks. Even in previous crisis markets I can not recall a time of having such a clouded view of the near future. I'm out of S&P and keeping QQQ. Think we are going to enter a real stock pickers market trying to figure out which companies are best positioned to profit from this environment.

I'm torn on the IVV vs QQQ. Part of me thinks QQQ is the better play and I should focus there. Another part thinks the government printing 2T tucobucks and handing them out to everyone means everyone in the S&P is going to ride the tide up, even the laggards.

Daidraco · Mar 24, 2020

As much as the market rebounded today.. are you guys expecting it to go back down within a week or two? Or continue to climb? I bought quite a bit of Boeing at 93.35 and now its at 128.70. I dont know whether to keep the gain, or dump it.

Pops · Mar 24, 2020

I hate chasing on these up days. But it might have legs, which as fast as the algos whip us around could only be days. Got to see how everything acts when the real big numbers come out.

Sanrith Descartes · Mar 24, 2020

Daidraco said:
As much as the market rebounded today.. are you guys expecting it to go back down within a week or two? Or continue to climb? I bought quite a bit of Boeing at 93.35 and now its at 128.70. I dont know whether to keep the gain, or dump it.

Anyone who tells you they know the answer doesn't know the answer. We could drop 10% tomorrow and I wouldn't blink. We are trading in a range right now and need to break out to the upside for any real conclusion in my opinion.

As for BA, it could be a great long term play... or it could go bankrupt and get a GM style bailout that screws shareholders. $35 a share profit is very tempting.

Blazin · Mar 24, 2020

Could last a few days with institutional rebalancing for month end.

historically, it’s unlikely we don’t revisit lower again. But so far this move has marched to the beat of its own drum so trying to have a plan for both possible outcomes .

TJT · Mar 24, 2020

Read this on WSB. I chuckled.

"Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal" Wow totally makes sense. There is a new, super contagious, deadly pathogen that is spreading unchecked in the US. The NYSE is closed, and a confirmed case in the US is now dying every 10 minutes. 100,000,000+ are expected to die globally.

BUT. Today our government ALMOST AGREED on a bill. That makes today the BEST DAY IN ALMOST 100 YEARS.
Im gonna fucking kill myself

Pops · Mar 24, 2020

I took some big loses in the oil crap I bought pre Oil War. So I wanted to book some short term profit.

Ravishing · Mar 24, 2020

Daidraco said:
As much as the market rebounded today.. are you guys expecting it to go back down within a week or two? Or continue to climb? I bought quite a bit of Boeing at 93.35 and now its at 128.70. I dont know whether to keep the gain, or dump it.

I expect at least 2 days this week to be deep red. But it's anyone's guess really. We had a 2k gain recently and then erased the very next day.

I hope we get more buying opportunities

Sanrith Descartes · Mar 24, 2020

Futures opened in the green about 1/2%. Thats a good sign.

Blazin · Mar 24, 2020

Sanrith Descartes said:
Futures opened in the green about 1/2%. Thats a good sign.

True but they do so with the vix up. I was quite discouraged to see the VIX slowly climb back all day and go green. Another positive was the move up in HYG and JNK. We need the credit spreads to calm down for this to sustain.

Sanrith Descartes · Mar 24, 2020

Blazin said:
True but they do so with the vix up. I was quite discouraged to see the VIX slowly climb back all day and go green.

Today was based nearly entirely on all the tweets about the Senate bill being on the 5 yard line. If the Senate fucks this up tonight tomorrow could be a flush down the bowl back to square one.

Kiroy · Mar 24, 2020

you people all disgust me and I have a general rule not to post in this degenerate thread (would rather be caught posting in gaping assholes thread), but my plan is to buy the dip when it's announced the apr 15 deadline isn't gonna happen for most (if not all) states - I think that will be our rock bottom

Blazin · Mar 24, 2020

Kiroy said:
you people all disgust me and I have a general rule not to post in this degenerate thread (would rather be caught posting in gaping assholes thread), but my plan is to buy the dip when it's announced the apr 15 deadline isn't gonna happen for most (if not all) states - I think that will be our rock bottom

Thanks for stopping by and adding to the conversation.

Mist · Mar 24, 2020

Kiroy said:
you people all disgust me and I have a general rule not to post in this degenerate thread (would rather be caught posting in gaping assholes thread), but my plan is to buy the dip when it's announced the apr 15 deadline isn't gonna happen for most (if not all) states - I think that will be our rock bottom

Aren't they all gaping asshole threads at this point?

Pops · Mar 24, 2020

Mist said:
Aren't they all gaping asshole threads at this point?

We are all gaping assholes sweetie. There's money to be made. Add to the convo. Some stonks are trading at bk levels, others are leveraged to the hilt and implode overnight. This is when you can make some real money. The swings are big. The ETF Passive Age is ending. When people panic from these things they are forced to sell everything indiscriminately. They have to maintain their balance.

The proverbial baby with the bath water.

ver_21 · Mar 25, 2020

Pa. unemployment claims skyrocket to 540,000 since statewide coronavirus shutdown, shattering records

"There are going to be a lot more," says the ranking Democrat on the Senate labor and industry committee.

www.inquirer.com

Locnar · Mar 25, 2020

Someone please tell me what is up with Verizon?? Its not gone through the wild swings most others have, its still sitting near a 52 week low though. A friend tells me its a solid company with solid financials. Why does it seems to be the only stock on my watch list to remain in the red day to day to day? Thanks

Attog · Mar 25, 2020

Federal government requested states not release unemployment numbers until this Thursday. Thursday may be a wild day.

Furry · Mar 25, 2020

For anyone feeling bad about their fund's preformance, go have a look at how leverage is preforming. Pretty much every one of those you can click on and see a MASSIVE crater. Extreme volatility is not ideal for playing with leverage. There's a lot of rich people who aint so rich no more.

List of ETNs | UBS ETRACS

List of all ETRACS Exchange Traded Notes

etracs.ubs.com

Khane · Mar 25, 2020

Attog said:
Federal government requested states not release unemployment numbers until this Thursday. Thursday may be a wild day.

"We need time to shift our portfolios before the next biggest single day drop in market history!"

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