Discussion ***Official*** 2020 Stock Market Thread

[FelixDeCat]

TSLA in the 200s would be a buy. It held the 200s forever.

 

[ViviTheMage]

Chased and bought anther 100 shares of TSLA at $433.50

I feel like $300 is the price point it's going to dip to....my uneducated opinion though. I like Tesla, and own a model 3. I just think their stock was overvalued. I don't think anyone understood why it shot to $900 like it did.

 

[JEDI]

dow opened -1300 (-6%)

 

[MomentsofSanity]

Today's circuit breakers.

Market Wide Circuit Breaker Trigger Points

Trigger Value	S&P 500 Index Breach Thresholds for Today	TIME	ACTION
MWCB Level 1: (7% decline)	2352.14	Before 3:25 p.m. At or after 3:25 p.m.	Halt 15 minutes. Trading continues, unless there is a Level 3
MWCB Level 2: (13% Decline)	2200.39	Before 3:25 p.m.. At or after 3:25 p.m.	Halt 15 minutes. Trading continues, unless there is a Level 3
MWCB Level 3: (20% Decline)	2023.35	Any time	Halt remainder of Day

 

[ponyo]

I feel like $300 is the price point it's going to dip to....my uneducated opinion though. I like Tesla, and own a model 3. I just think their stock was overvalued. I don't think anyone understood why it shot to $900 like it did.

My worst case forecast now is actually $180. I actually thought $260-275 was possibility last week when I was doing my worst case scenario forecast. Which is why I sold all my core position. Now I'm going to buy back everything. I've set aside $600k in cash just for TSLA. I'm going to use combination of selling puts and buying stock to establish my position. My puts should hopefully let me purchase at $300-$350. I too think $300 will be the bottom.

 

[snoopdoug1]

Crude at 24.21.

 

[JEDI]

come on dow 19.9k!
I saved up 6figures to invest for when the market crashes under Trump.

still cant believe it hasn't happened yet?!

almost a year later, I get my wish.
dow briefly at 19.9k!

 

[JEDI]

My worst case forecast now is actually $180. I actually thought $260-275 was possibility last week when I was doing my worst case scenario forecast. Which is why I sold all my core position. Now I'm going to buy back everything. I've set aside $600k in cash just for TSLA. I'm going to use combination of selling puts and buying stock to establish my position. My puts should hopefully let me purchase at $300-$350. I too think $300 will be the bottom.

so whats going to happen to your options from the other day?

"I sold May 15 TSLA puts. Sold 1 $450, 4 $420, and 1 $380 puts. Collected close to $60k in premium."

 

[s0me0nesmind1]

almost a year later, I get my wish.
dow briefly at 19.9k!

Definitely isn't Trump's fault though. You could have the smartest man in the world as president and the best cabinet - you still will never prevent market affects of a world-wide pandemic.

Only people that are being ballsy and not giving in to the "Everyone stay home and lets fuck up our economy for 2 weeks" is the UK. I honestly think that's the way to go - but we will see....

 

[ponyo]

Bought another 100 shares of TSLA at $394. Got another order for 100 shares waiting at $383. Keep it coming.

 

[JEDI]

Definitely isn't Trump's fault though. You could have the smartest man in the world as president and the best cabinet - you still will never prevent market affects of a world-wide pandemic.

Only people that are being ballsy and not giving in to the "Everyone stay home and lets fuck up our economy for 2 weeks" is the UK. I honestly think that's the way to go - but we will see....

yes, when he says this stock market meltdown wasn't his fault, it will actually be true (for once)

 

[JEDI]

Bought another 100 shares of TSLA at $394. Got another order for 100 shares waiting at $383. Keep it coming.

so whats going to happen to your $450, and $420 put ooptions?

 

[ViviTheMage]

My worst case forecast now is actually $180. I actually thought $260-275 was possibility last week when I was doing my worst case scenario forecast. Which is why I sold all my core position. Now I'm going to buy back everything. I've set aside $600k in cash just for TSLA. I'm going to use combination of selling puts and buying stock to establish my position. My puts should hopefully let me purchase at $300-$350. I too think $300 will be the bottom.

I had someone tell me the TSLA book share value is onl $90 anyway...so maybe double digit's would not be unheard of, ha. I think BOEING is a safer bet then TSLA right now

 

[Svnla]

Up yesterday and down again (for now) today. Metals are falling, even zinc. Talk about choppy water with a lot of waves.

 

[zinfamous]

Definitely isn't Trump's fault though. You could have the smartest man in the world as president and the best cabinet - you still will never prevent market affects of a world-wide pandemic.

Only people that are being ballsy and not giving in to the "Everyone stay home and lets fuck up our economy for 2 weeks" is the UK. I honestly think that's the way to go - but we will see....

the inarguable charge against Trump, though, is that it is bad as it is because of him. He removed all available options to staunch the bleeding. Granted, this is a world-wide thing so it's really, really hard to say how bad it should be with a competent adult and a room of actual adults in charge, but I think it's fair to say that Trump represents anywhere between 5-15% difference in actual losses, that we shouldn't be experiencing.

well, all of that, and his utter failure to instill any amount of confidence every time he opens his mouth. ...so maybe it's actually worse than the nicest analysis would predict, lol.

now, a clever way to defend that is that the market was already massively overvalued due to Trump juicing things irresponsibly. So, maybe falling to ~19k and essentially wiping all of the "Trump effect" was going to happen anyway--but instead of being a fake ~29k because of Trump, the Dow maybe would have been at a reasonable and honest ~24k. Obviously, that removes a lot of the perception of how much it has actually fallen.

 

[FelixDeCat]

All REITS are getting destroyed because hotels, etc are empty. I track about 15 of them. Some are down 50-70%. The levered ones like MRRL and REML are down almost 99% because those ETNs will be called in and redeemed for basically nothing.

If I were a retiree I would be in tears right now!

 

[ponyo]

I had someone tell me the TSLA book share value is onl $90 anyway...so maybe double digit's would not be unheard of, ha. I think BOEING is a safer bet then TSLA right now

It sounds like you don't know much about TSLA and letting others tell you what to think. You should have solid idea of what TSLA is worth and will be worth in the future. Do your own research. If you think Boeing is safer bet than TSLA right now, I don't think anyone can help you.

Bought another 100 shares of TSLA at $383 and sold another $380 May put for $83.30. Now I'm done for awhile and will wait for the next leg down to purchase more shares and sell more puts.

 

[ViviTheMage]

It sounds like you don't know much about TSLA and letting others tell you what to think. You should have solid idea of what TSLA is worth and will be worth in the future. Do your own research. If you think Boeing is safer bet than TSLA right now, I don't think anyone can help you.

Bought another 100 shares of TSLA at $383 and sold another $380 May put for $83.30. Now I'm done for awhile and will wait for the next leg down to purchase more shares and sell more puts.

Yes, getting advice on the internet about stocks is always a win. ALL IN ON BA and TSLA .

Me saying BA is going to come back is as useful as you saying you bought 100 shares @ $300.

 

[ponyo]

Yes, getting advice on the internet about stocks is always a win. ALL IN ON BA and TSLA .

Mine is NOT ADVICE. I'm just here for entertainment and laughs.

 

[ViviTheMage]

Mine is NOT ADVICE. I'm just here for entertainment and laughs.

Aren't we all .

 

[JEDI]

Wish I had the balls to buy NUGT at $5. It has TRIPLED in days. Look at the five day chart.

Too scared to touch it.

thought gold goes up when the market goes down?
place of safety, etc, etc?

 

[JEDI]

Trump administration wants to send taxpayers $500 billion, $50 billion in loans for airlines

https://www.reuters.com/article/us-health-coronavirus-stimulus/trump-administration-wants-to-send-taxpayers-500-billion-50-billion-in-loans-for-airlines-idUSKBN2152UG

The payments would be tiered based on income and family size. They would be made in $250 billion rounds starting April 6 and May 18, according to the document.


Why is he still throwing $ at the problem?
what good is $ when no one is supposed to leave the house?

for those that are unemployed because virus, isn't there already stimulus package for the unemployed?

 

[njdevilsfan87]

AOC says airline bailout should come with strings including restrictions on stock buybacks!!! Amazing, someone is listening in Congress!

Bailouts also facing pushback in Congress. Futures limit down 5%.

BA might be the modern day GM.

These companies used "free loans" to buy back stock and inflate their share price. Any bailouts to the companies should involve the CEOs et al liquidating their own personal networths to support it. Otherwise **** off, I'm not willing to pay for it.

 

[FelixDeCat]

thought gold goes up when the market goes down?
place of safety, etc, etc?

NUGT represents miners not gold itself. Also gold has been falling with all other asset classes unexpectedly. Probably opportunistic short sellers, but dont ask me to explain the unexplainable.

 

[jpiniero]

Boeing and Ford are both probably going bankrupt and then get bailed out. Shareholders will get wiped out I bet.

Why is he still throwing $ at the problem?
what good is $ when no one is supposed to leave the house?

for those that are unemployed because virus, isn't there already stimulus package for the unemployed?

There's a lot of people out there for which unemployment won't cover rent/mortgage. And I'm not talking about people you would consider poor either.