***Official*** 2018 Stock Market Thread

[DietDrThunder]

Well, I know it isn't the end of the trading day, but that was a really short crash.

 

[dasherHampton]

One can only hope.

 

[dasherHampton]

I bought 10,000 shares of ONCS at around 1.82.

Maybe it's time to derive a sell point. How high can it go?

 

[fleshconsumed]

Looks like poor retail sales may have saved the day? Retail sales were down 0.3% instead of expected gain of 0.2%. Sales were also revised down for November and December. Conflicting signs for the economy today.

 

[dasherHampton]

I am going too do very well on MU. Relief turns to happiness.

I would love to send everyone who posts in this thread a bottle of Jaegermeister. Somebody here is a good luck charm.

 

[FelixDeCat]

I am going too do very well on MU. Relief turns to happiness.

I would love to send everyone who posts in this thread a bottle of Jaegermeister. Somebody here is a good luck charm.

I gave up alcohol for Lent......I think.

 

[Engineer]

Dow 25,000 and S&P500 2,700 were previous floors that were crashed through on a good sized drop. Will they now become a ceiling on the way back up causing another drop.........

 

[DietDrThunder]

Dow 25,000 and S&P500 2,700 were previous floors that were crashed through on a good sized drop. Will they now become a ceiling on the way back up causing another drop.........

I sure hope so.

 

[dasherHampton]

Wish I'd had the resources to get in on CELG when it was under $90 a few days ago.

That was too good to be true.

 

[DietDrThunder]

This has been a VERY strange trading day for me. I was up $10K+ early, then the bottom fell out and I was down $2K+, now I just looked again and I'm now up $14K+.

 

[ImpulsE69]

Yea, same here. Day started up way up, promptly sold off and now way back up again. I really hate the market sometimes.

 

[dasherHampton]

I'm down for the day. Can't win them all.

I should have sold MU when it was close to hitting 44 but I got a little boisterous. I'm still in the black; my PPS is 41.87 and it's still sitting comfortably over 43.

It's going this week. Either today or tomorrow.

 

[Charmonium]

The bears think it's time to attack but they're wrong.

 

[KB]

Well, I know it isn't the end of the trading day, but that was a really short crash.

As I said earlier, rising interest rates and stock market gains actually go hand in hand (see 1993 - 1999, 2002 - 2007). When you have an expected earnings growth of 18% for the S&P 500 in 2018, earnings will be gaining faster than interest rates will rise. This bodes well for stocks, but yeah volatility will certainly be higher too.

https://seekingalpha.com/article/4142857-2018-estimated-s-and-p-500-earnings-growth-rises-18-percent

 

[FelixDeCat]

The bears think it's time to attack but they're wrong.

Next months job report will be the time.

 

[DietDrThunder]

Bouncing between a +$1K and -$1K morning.

 

[woodman1999]

up 40bps today, mostly on the back of ABBV

 

[dasherHampton]

I sold MU at 43.70. $1.83 profit per share plus options. Very healthy.

I'm taking the rest of the day off. Good luck, gentlemen.

 

[ImpulsE69]

My rather long BMY play after its crash last year is finally paying off.

 

[Ns1]

wtf is going on with SHLD? I thought for sure it was going to drop below $2 but now it's at $2.70!


I really need another few drops so I can buy more stuff =X

 

[FelixDeCat]

wtf is going on with SHLD? I thought for sure it was going to drop below $2 but now it's at $2.70!


I really need another few drops so I can buy more stuff =X

*cough* short squeeze

 

[FelixDeCat]

Snapchat slid 4.7 percent after Citigroup slapped a "sell" rating on the stock, arguing negative reviews on an app redesign might point to a decline in users.

lol

(Reuters) - U.S. grocery chain operator Albertsons Companies Inc said on Tuesday it would buy drugstore chain Rite Aid Corp in a cash-and-stock deal to create a company with $83 billion in revenue.

Rite Aid shares rose as much as 31 percent in premarket trading and were set to open at more than a five-month high of $2.80.

Rite Aid shareholders will have the right to receive either one share of Albertsons common stock plus about $1.83 in cash or 1.079 shares of Albertsons stock in exchange for every 10 Rite Aid shares.

Depending on the outcome of the tender offer, Rite Aid is expected to own a 28 percent to 29.6 percent stake in the combined company, while Albertsons' shareholders will own a 70.4 percent to 72.0 percent stake, the companies said in a statement.

Finally. Speculation on a Rite-Aid buyout has been going on since 2000.

Sheesh!

 

[DietDrThunder]

Futures are down this morning. Maybe the market will fall enough where I can buy.

 

[dasherHampton]

I'm probably going shopping today or tomorrow. I'm not touching anything for an hour or two to let things shake out.

I'm looking for a nice, juicy, high quality put lead in to a covered call.

 

[dasherHampton]

RIG might be a good option play this week.