**OFFICIAL** Trading and Investing Thread- Part -XI- A New Beginning

[mike.hunt]

what do you guys recon for oil? is it a good time to get in? I've never traded oil so no idea but seems like oil prices are not driven by covid stuff and more russia and SA issues

From what I’ve read lately, Russia is trying to force US oil companies out of business. Saudi is caught in the middle.

At these prices Russia is basically breaking even, Saudi still making money, US is getting fukt losing money to produce shale oil.

Whatever the case may be, no way oil will stay at these prices for long. I have 90% of my bankroll in Oct USO calls.

[RobParks2M]

Lmao I remember him too from maybe 3 years ago, the guy who always talked about GDX right?

Haven't seen him since then.

Jack3dguy with like 2 numbers...83? lmao yeah he had like 6 figures in gold and lived with his mom at age 33 or some chit lmfao. it wasn't in GDX it was penny stock mining companies. Not sherrif he made it or not. Could search thetrebel's spreadsheet he made in the thread it had all the miner info of what he was holding.


Jobless claims surging ofc, but jobs bounce right back once people aren't restricted imo. I've been reading doom n gloom then I ran my own numbers. Somehow they are projecting for the state of NY waaaaaaay more infections than the entire country of China and yet claim they extrapolated the numbers from China....Doesn't pass the smell test sooooo did China not release the REAL numbers and they are making these assumptions based on the ACTUAL numbers from China? Seems rather odd. NY governor is anticipating 500k+ infections within the next 30-45 days at the "apex". Why is he assuming that when China kept the numbers below 80k? I don't get it.

[Galindo62]

I work at Lax.

Only 3 cases from here. But they're definitely gonna wait until we get a few more infections until we shut down.


Kinda sucks because my wife is pregnant, I take care of my elderly mom as well.
They will most likely survive but i hate putting them at risk.

But also dont want to shutdown because gotta pay rent. I can do a month or two without a job though.

[dopamine72]

Jack3dguy with like 2 numbers...83? lmao yeah he had like 6 figures in gold and lived with his mom at age 33 or some chit lmfao. it wasn't in GDX it was penny stock mining companies. Not sherrif he made it or not. Could search thetrebel's spreadsheet he made in the thread it had all the miner info of what he was holding.

LOL got dayumm

Who was the guy who always tried to make GDX predictions? I saw him all the time when I first started posting here. Then a cool bro in here started playing GDX and winning, so I hopped on board and made some decent gains myself, but nothing like the real gains I've made now. Taught me to stick to the basic big companies. Metals are boring to me unless you're playing options like Venom.

[WizzyT]

Is there anything better than BA and SAVE to invest in? I only have about $5000 to play around with.

[newbuck]

SPY finnaly broke 240 hard support AH after this next hard pump more free money with puts.
Can’t wait to wake up to more free money.
Uber and Lyft Puts seem good as well, especially since they just cancelled ride sharing.

[MillerDecaXC]

I'm reading a bunch of reports that a lot of state websites for unemployment insurance are crashing. Some states have jobless claims of over 50,000 just in the past two days when the previous weeks claims were just 1k, and the American Hotel & Lodging Association says that 4 million travel related jobs have already been eliminated or are on the verge of being lost in the next few weeks.

Do NOT buy yet. Those March/April jobs reports are gonna be absolutely unreal.

Don’t y’all think this fear is already pretty well baked into the market tho? I mean we’re down 30+%, we didn’t take a 30% hit to the nations economy in just this week or so of isolation and chinas 1 month off.

Probably go a bit lower at some point before it goes up but not nearly as bad as this post makes it sound

[ButcherSir]

when you risky brahs here gonna go in on boeing? 105$?100$?90$?
thinking about 95$

[topperstyle]

Hold on to your butts

[Exiled93]

SPY finnaly broke 240 hard support AH after this next hard pump more free money with puts.
Can’t wait to wake up to more free money.
Uber and Lyft Puts seem good as well, especially since they just cancelled ride sharing.

I have uber $18 and F 4.5 puts.

The F is a little more risky because they really don't want it dropping below 5. But they were cheap as phuk and with the plant layoffs I think I can still profit from them. And yea uber is phuked for the next several months. Not like they made much money anyways.

[Carbonfibre]

futures red.

damn.

circuit breaker coming as soon it opens.

we getting another wild day today.



listening to yahoo finance their 'experts' say oil could be in teens

tbh if everything shuts down or part of north america.

I think it has merit.

[twovalvekid]

Gut dayum. Another day to dip into SPY? I want to eventually have 10K in it to balance out the stocks, and ive got 2500 in right now at 244.

And looking at BA....yikes. That's hard to not dip into.

[BHall1991]

Gut dayum. Another day to dip into SPY? I want to eventually have 10K in it to balance out the stocks, and ive got 2500 in right now at 244.

And looking at BA....yikes. That's hard to not dip into.

I wouldnt trust the market as a whole right now, things will get worse before they get better. Boeing is looking like a buy, the government won't let them go under.. the airlines.. idk seems like they'll get a small bone even though all they did with billions in profit was buybacks.

[headturner1]

when you risky brahs here gonna go in on boeing? 105$?100$?90$?
thinking about 95$

Just picked some up @ 99.73

[twovalvekid]

I wouldnt trust the market as a whole right now, things will get worse before they get better. Boeing is looking like a buy, the government won't let them go under.. the airlines.. idk seems like they'll get a small bone even though all they did with billions in profit was buybacks.

Yeah im doing very small buys at this point. No one wants BA to fail period.

[topperstyle]

My chest

[Geneticz]

Still pumping it (dont know if there is such a thing for amz though)
Amazon about to go bonkers fellas. Down less than 1%. Been reading about the 100k workers they just hired. They are getting more orders then they ever had. Earnings is about to go BALLISTIC.

Picking up 1 or 2 2022 calls right now. (Insanely expensive)

Only thing I can think that could derail them right now is if deliveries somehow got halted. Other than that....get ready

Edit: popping. Major acquisition could be coming in the next few weeks. This company is literally made for social distancing. Single handedly propping the nasdaq up atm.

Follow.the.big.money.

[Unstumpable]

I picked up 5 shares of Boeing at 100. Should be a good pick up to hold onto long term as long as they don’t go under?

[alobri3]

I picked up 5 shares of Boeing at 100. Should be a good pick up to hold onto long term as long as they don’t go under?

Depending how the deal is structured on bailout, common shareholders might be (very likely) get screwed, as in your share will be worthless. It is a risk and you should know it.

[chino3]

I picked up 5 shares of Boeing at 100. Should be a good pick up to hold onto long term as long as they don’t go under?

They’re seeking 60b in aid...

[RobParks2M]

Depending how the deal is structured on bailout, common shareholders might be (very likely) get screwed, as in your share will be worthless. It is a risk and you should know it.

THIS THIS THIS

Think FNMA

[Exiled93]

Went ahead and closed out of my F and Uber puts for a small gain of like 30%. Better safe than sorry though. Going to wait for Trump pump at 11:30 and load up again. Looking at EWZ atm.

[newbuck]

Went ahead and closed out of my F and Uber puts for a small gain of like 30%. Better safe than sorry though. Going to wait for Trump pump at 11:30 and load up again. Looking at EWZ atm.

I closed out my spy puts bought Wednesday for a nice profit, could have easily gotten more but my brokerage app wouldn’t let me sell right at open as quickly as I wanted as SPY Tanked.

I’ve got $17 Uber puts with a 3/27 and 4/9 exp I’m still holding.
With all the Vegas and other casinos shutting down as well as other social areas and gas just being so cheap at the moment there is no reason for Uber/Lyft not to tank(unless a surge in eats for whatever reason)
Also SPY rebound pump has been insane after today, possibly even greater after donnies rally and especially for the weekend. Considering we haven’t even gone national quarantine yet, you literally can not lose going on 220-230 or even 240 mid- late April/ may puts

[Exiled93]

I closed out my spy puts bought Wednesday for a nice profit, could have easily gotten more but my brokerage app wouldn’t let me sell right at open as quickly as I wanted as SPY Tanked.

I’ve got $17 Uber puts with a 3/27 and 4/9 exp I’m still holding.
With all the Vegas and other casinos shutting down as well as other social areas and gas just being so cheap at the moment there is no reason for Uber/Lyft not to tank(unless a surge in eats for whatever reason)
Also SPY rebound pump has been insane after today, possibly even greater after donnies rally and especially for the weekend. Considering we haven’t even gone national quarantine yet, you literally can not lose going on 220-230 or even 240 mid- late April/ may puts

Yea I might get in to a lyft put instead of uber depending on what happens at the press conf. Mainly because uber has one competitive advantage right now which is uber eats.

[ButcherSir]

i think im gonna puke srs

[cool-beans]

anyone looking at VOO?

[purts]

US $ is STRONG right now. As a Canadian, slowly preparing to put things in place to buy more US stocks in the upcoming weeks/months. First step is to convert CAD to USD. Conversion rate is now 1.46 (was 1.38 last week, which is still insane). That hurts...

[alobri3]

anyone looking at VOO?

I am. Have limit orders @213 for today. Also bought some RFI @9.50 and have more orders @9. SPY @235 BA @98 T @30 STK @15

Thats about it for today.

[Humungus]

Shorted Marriott at 88.5 yesterday. It's at 52 now.

[ghostfacedup]

There is no stopping this tank right now. Holy crap.