Investing General Discussion

Pops · Mar 26, 2020

If you can hack it. Buy an equal amount now and sell in 31 days. Or sell now and buy another cratered mlp and harvest the loss. Unless you held it a long time then that may change the equation. You still get a K-1. Haha I've never really held many of them long enough to get divs.

Pops · Mar 26, 2020

Dow Rallies 6.4% After Stimulus Vote

The Dow industrials rose more than 1,300 points, putting it 20% above its recent low and back into bull-market territory, despite unemployment claims soaring in a fresh sign of the economic disruption caused by the coronavirus pandemic.

www.wsj.com

Oops guess so.

Daidraco · Mar 26, 2020

TJT said:
Boeing from $92 back up to $180 in like a fucking week. UNREAL.

Bought 240 shares. Sitting on a good 21-23k profit if I just sold out right now. I'll never see that stroke of luck again in my life. (That is unless the markets tank again.) Otherwise, if it keeps scaling.. I'm all in.

Sanrith Descartes · Mar 26, 2020

Daidraco said:
Bought 240 shares. Sitting on a good 21-23k profit if I just sold out right now. I'll never see that stroke of luck again in my life. (That is unless the markets tank again.) Otherwise, if it keeps scaling.. I'm all in.

Or sell half, take half of the profit off the table and let the other half run for the stars.

My Jan '21 $320 strike options went green for a bit today. I still got 10 months of time value on them.

Furry · Mar 27, 2020

Looks like the euphoria from free_money++ is wearing off already. They'll have to start talking about bailout 2.0 at this point.

Blazin · Mar 27, 2020

Furry said:
Looks like the euphoria from free_money++ is wearing off already. They'll have to start talking about bailout 2.0 at this point.

Likely headed lower but you seem to think a reversion to a price we were at 10 mins prior to the close warrants your comment. If you are keeping score we are already on bailout 3.0 and that excludes Fed action.

Locnar · Mar 27, 2020

idk looks like just a bit of profit taking, we'll see.

I can't wrap my head around how massive the unemployment benefits are. If I was on that boat, i'd put half my unemployment INTO the market. With free money flowing everywhere, why does everyone still fear the reaper??

Furry · Mar 27, 2020

Locnar said:
idk looks like just a bit of profit taking, we'll see.

I can't wrap my head around how massive the unemployment benefits are. If I was on that boat, i'd put half my unemployment INTO the market. With free money flowing everywhere, why does everyone still fear the reaper??

Free money is the reaper.

Locnar · Mar 27, 2020

Furry said:
Free money is the reaper.

Not for the USA. Only for the dummies of the rest of the world that tie themselves to it because all their shit is even worse.

Sanrith Descartes · Mar 27, 2020

if you look at the heat map, it looks more like a rotation. WMT, PG, PEP, Utilities all green

Sanrith Descartes · Mar 27, 2020

Locnar said:
idk looks like just a bit of profit taking, we'll see.

I can't wrap my head around how massive the unemployment benefits are. If I was on that boat, i'd put half my unemployment INTO the market. With free money flowing everywhere, why does everyone still fear the reaper??

3 straight up days we were due for some skimming.

Blazin · Mar 27, 2020

Oil looks ugly and we just aren't ready to let go of this very high VIX

Sanrith Descartes · Mar 27, 2020

Blazin said:
Oil looks ugly and we just aren't ready to let go of this very high VIX

There is absolutely no place to store the crude at this point. Except China.

Blazin · Mar 27, 2020

Sanrith Descartes said:
There is absolutely no place to store the crude at this point. Except China.

It's unlikely but what kind of bizarre world would we get into if oil price went negative for a short period.

Sanrith Descartes · Mar 27, 2020

Blazin said:
It's unlikely but what kind of bizarre world would we get into if oil price went negative for a short period.

Blazin · Mar 27, 2020

We should see a massive reduction in production, but nobody wants to blink because turning it off is expensive. Guess we are going to wait till bankruptcy forces it.

Sanrith Descartes · Mar 27, 2020

I read this morning that Russia blinked and reached out to OPEC concerning production.

Furry · Mar 27, 2020

Crude oil if you can store it is probably the best investment opportunity out there right now. It'll take a while, but those prices will go up.

Pops · Mar 27, 2020

Furry said:
Crude oil if you can store it is probably the best investment opportunity out there right now. It'll take a while, but those prices will go up.

Tanker stocks.

wormie · Mar 27, 2020

Damn, Cuomo shut down all construction today. Not great time to be invested in real estate construction

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