Investing General Discussion

Hateyou · Oct 6, 2020

China Bat Soup said:
It's honestly hard to say. We have millions of small businesses being propped up by the government at the moment. People's routines and habits have been fundamentally changed by COVID. Even if COVID were to disappear today, the world is a different place now than it was 8 months ago. It's difficult to see exactly where we'll settle when we finally get past COVID. Has the business of "business travel" effectively been destroyed? That would have a huge impact on several industries (airlines, hotels, oil, restaurants). We just don't really know how things will shake out in the end.

At my place everyone is chomping at the bit to travel again. It has severely handicapped our enterprise roles.

From another point of view, my wife does National accounts management. They rely heavily on trade shows and many of those have been canceled until summer 2022. The travel industry and hotels are going to be screwed for a long time I think.

Enterprise role business travel isn’t going to offset those massive trade shows.

Sanrith Descartes · Oct 6, 2020

Earnings kick off this week. Because we needed some more volatility to account for.

Locnar · Oct 6, 2020

Palantir shooting up and my diamond gloved hands getting itchy, must resist. This is a LONG play right?????

Fogel · Oct 6, 2020

What's everyone's take on docusign? Dropped from 260 to 190 in the september slump, back up to 225. Some big names still giving it a 260 price target, and with covid still around, it still can scoop up some business.

Sanrith Descartes · Oct 6, 2020

PLTR esploding upwards. It was just a matter of time. Up 12% today. 50m traded so far. Mornngstar initiated coverage on PLTR with a price of $13.

Sanrith Descartes · Oct 6, 2020

Sanrith Descartes said:
Early option action on PLTR

View attachment 308134

All those peeps this morning who bet calls at $10 strike tripled their money at the current price.

Sanrith Descartes · Oct 6, 2020

And just like that...flush

Borzak · Oct 6, 2020

Yeah saw that a few ago and had to look and see what hit everything at once.

Big Phoenix · Oct 6, 2020

Hes not wrong. Game plan for Democrats in California, NY etc. is just a massive fed bailout.

Sanrith Descartes · Oct 6, 2020

Big Phoenix said:
Hes not wrong. Game plan for Democrats in California, NY etc. is just a massive fed bailout.

Yep. I guess he figured pull the band-aid off now and give the market 3 weeks to adjust.

Fogel · Oct 6, 2020

So million dollar question, buy now, or see if the bloodbath continues tomorrow? Probably see more selling tomorrow and in futures tonight since the trading day is almost over

Sanrith Descartes · Oct 6, 2020

Fogel said:
So million dollar question, buy now, or see if the bloodbath continues tomorrow? Probably see more selling tomorrow and in futures tonight since the trading day is almost over

10-day chart. Got support down around 3330-3340. After that it gets ugly if it breaks through.

Sanrith Descartes · Oct 6, 2020

At least we ended off the lows

And we have some idea how much stimulus hopium was baked into the market.

Borzak · Oct 6, 2020

My energy stocks beat the market yesterday which was a surprise. That kind of went kaput with everything else today.

Fogel · Oct 6, 2020

Sanrith Descartes

Blazin Do ya'll sell any in the money puts or do you do out the money, or a combination depending on which contracts/bids/volume are available and your feeling on the stock?

Blazin · Oct 6, 2020

Fogel said:
Sanrith Descartes Blazin Do ya'll sell any in the money puts or do you do out the money, or a combination depending on which contracts/bids/volume are available and your feeling on the stock?

I have not sold itm puts. If I was that bullish why not just buy the underlining? On average I'm selling puts that are about 3% otm

Sanrith Descartes · Oct 6, 2020

Fogel said:
Sanrith Descartes Blazin Do ya'll sell any in the money puts or do you do out the money, or a combination depending on which contracts/bids/volume are available and your feeling on the stock?

What Blazin said. I generally go deep out of the money on the majority of my option plays. Less reward but less risk.

Big Phoenix · Oct 7, 2020

Everything green so far. Markets think a stimulus is full on the table?

Sanrith Descartes · Oct 7, 2020

Big Phoenix said:
Everything green so far. Markets think a stimulus is full on the table?

Trump playing with the algos. First he ends negotiations and then tweets that Congress needs to give him permission to give old stimulus money to the airlines that he has unspent.

Sanrith Descartes · Oct 7, 2020

It "appears" that PLTR may have finally flushed out most of the stock sales from insiders. Their first coverage with a target price of $13 definitely helped. I had an order to buy more at $8.75 but it bottomed at $8.90 Option open interest appears bullish now that we have some activity. I am thinking of selling out of the money puts and see where it takes me.

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