Bloomberg had an interesting article that might explain some of the rise in TSLA and SPCE. Coordinated options trading in these names were big favorites in the reddit sub /WSB
Reddit’s Profane, Greedy Traders Are Shaking Up the Stock Market
Chatter on message boards is reshaping the options market and sparking wild rallies.www.bloomberg.com
Held my nose, closed my eyes, and bought back 1,000 shares of SPCE at $22.39. Probably early but I like living dangerously.Ouch! SPCE now $24....getting slammed hard
Wow! This move down is breathtaking. Getting slaughtered in TSLA. Almost feels like couple highly levered hedge funds are blowing up today and puking up stocks.
While that's true, Tesla is way more vertically integrated than any other automaker so it's less of an impact. But the market is being stupid right now and everyone is scared so they're selling everything and anything of value. Tesla had nice run so people are aggressively selling the name. But it's all right. Tesla is going to come out of this stronger than ever and going to gain big marketshare when things return to normal. If things don't return to normal, we're all fvcked so it won't matter anyway.It's just like anything else - I'm sure they have shit tons of parts that are sourced globally that are going to be impacted by coronavirus spread.
everything is going to come out of this when things return to normal. If things don't return to normal, we're all fvcked so it won't matter anyway.
fify
if i had extra cash, i would be buying.
At this point I think we have a looooong way to go before we are anywhere near the bottom of how the stock market is going to go. Were going to start having days where the results are exponentially increased.
At this point I think we have a looooong way to go before we are anywhere near the bottom of how the stock market is going to go. Were going to start having days where the results are exponentially increased.
Depends. It can go both ways. We're in new price discovery phase right now where the market is trying to discount the impact of the coronavirus. It could be by earnings announcement, the worst of the coronavirus have passed and people then won't care about dismal Q1 earnings. So if you're trying to time, you got to buy when you think the news is the worst or close to it. Do I think it's at the worst? No. But I think there's enough genuine fear in the market right now that I think you have to be careful if you're pushing too hard to the downside.Yeah, we haven't even gotten to the earnings announcements yet. When these companies start reporting losses from the coronavirus you may see bigger drops from here.
I just posted my thoughts about the coronavirus scare in the other thread. Kinds of sums up my feeling.What is everyone's thoughts on containment? At this point is there even much care to trying to contain?
What containment seems to be doing is just slowing the spread from something that could be 1-2 months timeframe, into something that can be 6+ months timeframe.
Which do you think is worse for the economy and such? I would argue the long timeframe is worse, no?
But maybe I'm wrong... and instead of factories shutting down for 1-2 months they instead have people coming in and out in shifts... sick round leaves, recovered round comes back, sick round leaves, recovered come back, etc...?
Or maybe I'm just being nuts here and have no idea since I've never been a part of any major epidemic
Wow! This move down is breathtaking. Getting slaughtered in TSLA. Almost feels like couple highly levered hedge funds are blowing up today and puking up stocks.
What is everyone's thoughts on containment? At this point is there even much care to trying to contain?
What containment seems to be doing is just slowing the spread from something that could be 1-2 months timeframe, into something that can be 6+ months timeframe.
Which do you think is worse for the economy and such? I would argue the long timeframe is worse, no?
But maybe I'm wrong... and instead of factories shutting down for 1-2 months they instead have people coming in and out in shifts... sick round leaves, recovered round comes back, sick round leaves, recovered come back, etc...?
Or maybe I'm just being nuts here and have no idea since I've never been a part of any major epidemic
There will defiantly be some panic among younger/newer investors when they look at their statements next month.