Yeah, how the market is up today makes no sense to me???? I sold almost all my stocks in my self managed account this morning and went to cash. The economy has never been shut down like this before and it seems like there is no end in sight. We are simply in uncharted territory. Additionally, 2 Trillion is a drop in the bucked and cannot stop a free fall if the public starts to unload or if the market makers decide to short the market and drive it down like they did in 2008.

Maybe we are back to the bad news is good news market.

All the noise should be in the other thread. Hope you stick around.

I don't see trolling at all. I see someone with a gameplan and a prediction.

Pics of the trade transcripts or it didn't happen.

hobbies-leisure-fish_story-fish-exaggerating-fishing-small_fish-pknn590_low (resized).jpg

I'm thinking this info belongs here on this thread.

Macy's will furlough the majority of its 125,000 employees

https://www.cnn.com/2020/03/30/investing/macys-employees-furlough-coronavirus/index.html

Judging from the stock's action it looks like this news is already baked in.

Surely, Macy's will not be the last.

Everybody is scratching their head. How can this market be up in this environment? It is a bear market. They bounce, too.

Why 10,000 shares? Why not 11,000? Or 9000?

Two retail companies I'd be sad to see go, that I occasionally shop at because they have decent selection of merchandise, are Macy's and Bed Bath and Beyond. They both have been struggling since well before the virus. I hope they will find a way to survive this calamity.

Bought 5,000 of BA this morning at $154. Will sell at $120 later this week.

I'm a small fish compared to some of you guys, but I sold 6 SPY $300 covered calls expiring in a month. I'm betting the S&P doesn't rally 400 points in a month from here. If it does, my shares get called away, otherwise I get a bit over $1k in premiums.

I've been that guy....

oil has dipped under $20 a barrel!

AMZN sold 1640/1660 put spread and 2200/2220 call spread (may 15 expiration) for 7 dollar credit.

At this rate we might see gas at around $1.25/gallon soon.

https://inflationdata.com/Inflation/Inflation_Rate/Gasoline_vs_Oil_Price_Chart.asp

Well... STKS is down 40% today... Down under $1 a share again. Didn't bite last time. Don't think I'm touching it this time.

Apparently it's 99 cents already at a few stations around the country. I filled up Saturday for 1.69 here.

I believe the last time I paid less than a dollar was 1998.

That sounds right. I was in college then and remember it getting to about 80 cents here. It was really close to $1 in 2002, but I don't remember if it went below.

I paid 98 cents last spring!!!

Anyone playing J&J with the fed deal?

This what I read as to why The market is up today.

Trump approved using the malaria drug starting. Home sales grew in February, 9% yoy and beat estimates and virtual tours massively up.

Also read that Many took the extension as short term impact and not long term with all the stimulus measures in place

And if you sell it now you can make 20% as it's back up to 1.20 in the past... hour.

Sorry I didn’t explain well

Sold 1660 put
Bought 1640 put
Sold 2200 call
Bought 2220 call

Did it all as one trade through tastyworks

So I make 7 bucks (x100) if stock stays between 1660 and 2220. I’ll probably close if i get to 50% max profit.

Max loss 1300 with max profit 700

These short-term high-stakes trades are fun to read about, but they make me kind of sad. I need to stay focused on my strategy of long-term index-fund investing I think. I suck so bad at picking stocks (looking at you DAL).

Gas price in NW Indiana is .99 a gallon today

the market is up because that’s how bear markets work. They have quick periods of huge losses. Then they bounce around for a long time until real economic activity takes hold and people actually believe the hype. This period right now is purely trading and technicals. It will be for a long time.

What are your favorite restaurant stocks?

Thanks! For now I’m just going to add them to my watch list.

Maybe a terminal short play. I have never done one of those, but the way I read it is if you are short in a company that goes really bust, then you never have to buy the short back. There is nothing to buy. But you are still short, and since you did not close the transaction the trade is still open, will always remain open and you do not have to pay any taxes.

That's what I heard. Can't verify it.

Here is a divergence comparison.

Dow is on the the left. The Russell 2000 small cap stock index is on the right. The RUT is no where close to bouncing back as much as the Dow has. Also, look at the top formation that was being set up on the RUT. Of course, if the virus had not made itself known, the RUT could have gone up to match the Dow and divergence would have resolved in the up direction.

There is a saying that the soldiers (small caps ) fall first and are then followed by the Generals (large caps). I am looking for a place to go short in here. Maybe this week Maybe next. Might even wait until the middle of April and have another look. Not to sure, yet.

One of several reasons for my hesitation. I'm retired and loving my pins. If I start this stuff again I will be watching every tic and won't get anything done.

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Well, this is the part I'm having trouble with here. So we had a big correction...but we didn't even get back to historical PE average. So it doesn't even really feel like we actually corrected. And that's relative to TTM earnings, so that's all out the window too, we won't even be close to those.

Like I want to put some money back in, but other than things like Coke, Pepsi, Verizon, etc (dividend stocks that should weather any storm) it feels like everything else is still kind of high. Are people really buying a lot of iphones or cars right now? Seems like there's going to be 10 to 20% unemployment for a decent period of time here (at least 3 months) and mlb, nfl, nba, etc may be off the table for an extended period.

I applied that same logic, and picked up 150 DIS and 300 DAL. I was too early, but I’m not out that much. I plan to hang on to these and ride it out on a 10-year timeline. What worries me is the possibility that Delta goes bankrupt - but at least Warren Buffet and I will be in the same boat.

Me and Uncle Warren are riding together with some Kraft Heinz. It's been a bumpy ride.

Great buy now. If you can hold until fall and they predict a cold winter you'll be rich!