Investing General Discussion

Zzen · Apr 17, 2020

Posts some hubristic bullshit about the market. Uses the“word” irregardless.

Can’t explain that.

Pops · Apr 17, 2020

V recovery?

Furry · Apr 17, 2020

Sanrith Descartes said:
What are you buying?

I put my roth in today since its the one I look at least and I'm lazy with it. S&P index fund VOO.

I know, not exciting.

Blazin · Apr 17, 2020

Sanrith Descartes said:
I retired from T so I know it inside out and trade in and out of it constantly. I bought near the bottom hoping for a quick 10-20% pop but it hasn't rode up with the rest of flotsam and jetsam. I got the dividend last week so its 3 months before the next. I guess I am seeing it as dead money right now and if I wait until a downturn in the overall market I will probably be upside down when it happen and not want to sell.

T has a a nice 3.55% move today, still holding it?

Sanrith Descartes · Apr 17, 2020

Blazin said:
T has a a nice 3.55% move today, still holding it?

Yeah. I thought about what you said. Right now I'm about 30% cash. If I sell it its going to just add to the pile and I am just not feeling a severe downturn right now to put it to work. So selling wouldn't make sense.

Sanrith Descartes · Apr 17, 2020

Furry said:
I put my roth in today since its the one I look at least and I'm lazy with it. S&P index fund VOO.

I know, not exciting.

So you didn't buy it at 200 or anywhere in that neighborhood but 30% higher at 260 looked more appealing? Okie dokey.

Sanrith Descartes · Apr 17, 2020

BA calls up 90% today. Literally cut my loss in half. XOM finishes up 10.42% with oil down under 19$ a barrel. This market is like that psycho chick you bang because crazy sex is is worth the crazy.

Furry · Apr 17, 2020

Sanrith Descartes said:
So you didn't buy it at 200 or anywhere in that neighborhood but 30% higher at 260 looked more appealing? Okie dokey.

Gotta live with your choices. Sold when it was over 300, so in the end I won, why worry about how I coulda won bigger?

Blazin · Apr 17, 2020

Sanrith Descartes said:
BA calls up 90% today. Literally cut my loss in half. XOM finishes up 10.42% with oil down under 19$ a barrel. This market is like that psycho chick you bang because crazy sex is is worth the crazy.

Mentioned earlier Oil is not at $19 a barrel that contract expires on Monday, it got hit as everyone was dumping out of it so they don't have to take possession of oil nobody has anywhere to go with. How the June contract trades next week is going to be very interesting. Sitting at $25.20 right now

Pops · Apr 17, 2020

I know I makes jokes, but that fountain of FED cash has to go somewhere.

Blazin · Apr 17, 2020

Pops said:
I know I makes jokes, but that fountain of FED cash has to go somewhere.

No doubt but can we maybe spread it out over a few months at least ?

S&P closed just above it's 50day ma, next hurdle isn't till 3000 (200 day) Will be quite the show of strength if it can hold that 50day on Monday. These big gaps we are leaving behind are troubling. Some consolidation would be nice but with next week being nothing but stories of opening economy back up strength could continue. Just speculating but by May we might see tone shift some as the kinks and damage become apparent, if it does take that long then we will be at 3000 by then.

wormie · Apr 17, 2020

Next earnings season should be a dumpster fire, no?

Pops · Apr 17, 2020

Blazin said:
No doubt but can we maybe spread it out over a few months at least ? S&P closed just above it's 50day ma, next hurdle isn't till 3000 (200 day) Will be quite the show of strength if it can hold that 50day on Monday. These big gaps we are leaving behind are troubling. Some consolidation would be nice but with next week being nothing but stories of opening economy back up strength could continue. Just speculating but by May we might see tone shift some as the kinks and damage become apparent, if it does take that long then we will be at 3000 by then.

Right up near the first little bounce on the way down. So it's a tough spot.

Blazin · Apr 17, 2020

Sanrith Descartes · Apr 17, 2020

Blazin said:
Mentioned earlier Oil is not at $19 a barrel that contract expires on Monday, it got hit as everyone was dumping out of it so they don't have to take possession of oil nobody has anywhere to go with. How the June contract trades next week is going to be very interesting. Sitting at $25.20 right now

Yeah I know. The jump today was well above what 26$ a barrel oil should have made. Same with partial opening. We have so much oil right now McDonalds should give away a free barrel with every Big Mac.

Pops · Apr 17, 2020

wormie said:
Next earnings season should be a dumpster fire, no?

Everyone knows this. It's can they survive the valley. Pricing power for a lot of goods must be zero. Inventory needs to be worked off. Sadly I think a lot of jobs are permanently gone. I also doubt the Trump stax will end. So the faster we restart the better.

Sanrith Descartes · Apr 17, 2020

wormie said:
Next earnings season should be a dumpster fire, no?

Unless you are AMZN, NFLX, WMT or MSFT.

Sanrith Descartes · Apr 17, 2020

I worry less about corporations than I do Mom and Pop. There are going to be losers and there are going to be those wish they were only losers. The small businesse are absolutely fucked. Which means their employees are fucked. This is also going to be geographical. NY, NJ, etc have made the decision to make the fucking 100x worse than say TX or FL. If my businesses wasn't deemed essential we would be closed for good. Well toclarify I would ignore an order to close and demand my due process in court. But if my place was padlocked we would be bankrupt. Most small businesses can't survive two months with zero revenue. Bad revenue maybe. Zero revenue? Nope.

Fogel · Apr 17, 2020

Sanrith Descartes said:
I worry less about corporations than I do Mom and Pop. There are going to be losers and there are going to be those wish they were only losers. The small businesse are absolutely fucked. Which means their employees are fucked. This is also going to be geographical. NY, NJ, etc have made the decision to make the fucking 100x worse than say TX or FL. If my businesses wasn't deemed essential we would be closed for good. Well toclarify I would ignore an order to close and demand my due process in court. But if my place was padlocked we would be bankrupt. Most small businesses can't survive two months with zero revenue. Bad revenue maybe. Zero revenue? Nope.

This x's 100. Our food processing facility in NJ does mostly food service for small/medium restaurants, mom and pops, etc. Our orders literally nose dived in a 2 week period. Our only saving grace is we were already planning on shutting down the NJ plant and open in FL so we're just doing it a month earlier than planned. Other food processors in the area are literally shutting down entire shifts, laying off dozens/hundreds, etc. Even suppliers to Wawa etc are taking a beating, the plant that supplies all the hoagie rolls to wawa layed off around 70 and shut down multiple lines.

Sanrith Descartes · Apr 17, 2020

Fogel said:
This x's 100. Our food processing facility in NJ does mostly food service for small/medium restaurants, mom and pops, etc. Our orders literally nose dived in a 2 week period. Our only saving grace is we were already planning on shutting down the NJ plant and open in FL so we're just doing it a month earlier than planned. Other food processors in the area are literally shutting down entire shifts, laying off dozens/hundreds, etc. Even suppliers to Wawa etc are taking a beating, the plant that supplies all the hoagie rolls to wawa layed off around 70 and shut down multiple lines.

Best decision possible moving business from NJ to Fl.

Investing General Discussion

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