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

[IronWing]

safe deposit is an option but those things always scare me, i dunno why. i feel like i'd get mugged on the way to the bank or on the way back.

 

[ponyo]

I trade less on margin than I used to. I actually have no margin debt as of right now. But damn is it hard to make real money if you decide your never going to go into margin. When I was day trading full time I was always in margin. I think I paid $6000+ one month in interest.

Which broker do you use? For regular retail investors, InteractiveBrokers has the lowest rates in the industry. To give you an example, with the interest rate so low right now, you would need to have over $9 million dollars on margin at InteractiveBrokers for you to pay $6,000 in one month interest. IBKR Pro margin rate for $9 million is 0.788%. E-trade, Schwab, TD Ameritrade, Fidelity, etc. all rip you off by charging insane high margin interest rates. They're basically borrowing at 0% while charging you stupid high rate. For something that's already backed by your stock collateral.

I'm not on margin but it's nice to know if I need it, I can get super low rates at IB.

 

[FelixDeCat]

I think Home Depot and Lowes will be big winners from the stimulus checks. Parking lots were packed this weekend!

 

[dasherHampton]

Which broker do you use? For regular retail investors, InteractiveBrokers has the lowest rates in the industry. To give you an example, with the interest rate so low right now, you would need to have over $9 million dollars on margin at InteractiveBrokers for you to pay $6,000 in one month interest. IBKR Pro margin rate for $9 million is 0.788%. E-trade, Schwab, TD Ameritrade, Fidelity, etc. all rip you off by charging insane high margin interest rates. They're basically borrowing at 0% while charging you stupid high rate. For something that's already backed by your stock collateral.

I'm not on margin but it's nice to know if I need it, I can get super low rates at IB.

You'd have to have 9 mil on margin to pay 6 grand? That is very low. Like .008%, am I right? Basically zero.

 

[FelixDeCat]

Corona Cruise Lines CCL.. headed back to $50 by 2022. Has been on tear lately.

 

[FelixDeCat]

Ditto for Nordic American Tankers. Hitting multiyear highs today.

 

[KB]

Ditto for Nordic American Tankers. Hitting multiyear highs today.

NAT is up because the sheeple are following Jim Kramer and he had the CEO on his show. There are better names in the Tanker space that are down right now.

 

[FelixDeCat]

NAT is up because the sheeple are following Jim Kramer and he had the CEO on his show. There are better names in the Tanker space that are down right now.

I looked at TOPs and its trading for .23 cents. So I bought 250 shares of NAT for my HSA and 105 tiny cash account around 7.97.

Some institutions are not allowed to invest in penny stocks like TOPs. As far as it being up soley because of Kramer, I doubt it.

Anyway this stock is up tremendously so consolidation is likely. But I got tired of missing out.

 

[dasherHampton]

Hey - I got another guy on my team. My boy band is almost complete.

Morgan Stanley's Mike Wilson says he likes banks, consumer stocks as economic recovery begins

"That's not saying anything bad about Google or the large cap growth stocks ... but they just don't have the upside potential that some of these other laggard areas do," Morgan Stanley's Mike Wilson said.

www.cnbc.com

I have a feeling I'm going to wish I had sold a lot more of those puts when BAC was in the tank.

 

[JEDI]

interesting.. google is soaring premarket.
google actually beat revenue despite the pandemic.

i thought with most of the tech giants reporting this week that it was going to be the beginning of the test back to the low from a few weeks ago.
looks like i have to wait a little longer

 

[KB]

interesting.. google is soaring premarket.
google actually beat revenue despite the pandemic.

i thought with most of the tech giants reporting this week that it was going to be the beginning of the test back to the low from a few weeks ago.
looks like i have to wait a little longer

Last quarter only experienced a week of the shutdown. The pandemic will most effect next quarter earnings.
Google may still be spared a lot of pain though as more people are home watching youtube.

 

[Roger Wilco]

The market seems hyper-optimistic about Remsesivir. Jim Cramer says there is hope that it could be the next Tamiflu or something.

 

[FelixDeCat]

Corona Cruise Lines CCL.. headed back to $50 by 2022. Has been on tear lately.

Why didnt I buy this? Doh!

 

[ponyo]

TSLA reports Q1 earnings after the close today. But seeing how the market doesn't seem to care about Q2 for companies that already reported last week and this week, I'm feeling more confident TSLA won't selloff hard after Q1 earnings regardless what they report or say about Q2. So I sold July 17 $700 put for $68 and July 17 $600 put for $36.23 this morning. I have 4 of the May 01 $550 puts that I sold that should expire worthless this Friday. I need to sell new batch of puts to replace those expiring ones, and I want to sell new batch while the IV is still high due to TSLA Q1 earnings after the close today. IV is going to drop like a rock tomorrow.

 

[dasherHampton]

I just checked my dividend portfolio for the first time in a while. It cracked the "40%. down" barrier; down around 37%. I'm sure it was down like 60% (or more) at one point.

I wonder how many people lost their ass panic selling.

 

[ponyo]

I just checked my dividend portfolio for the first time in a while. It cracked the "40%. down" barrier; down around 37%. I'm sure it was down like 60% (or more) at one point.

I wonder how many people lost their ass panic selling.

Lot of people panic sold. I did too. But can you blame them? It was pretty damn scary with all those market halts from limit down. Not as scary as 2008 felt to me but pretty scary. If not for the Fed and Trump intervention, I'm pretty confident we would've seen Dow at 15,000 and S&P at least 1,800.

 

[dasherHampton]

Did you panic sell or simply sell? They're not the same thing.

We've all panic sold in our investing lives. I recently lost almost five grand panic selling NIO when they appeared on the verge of bankruptcy.

 

[ponyo]

Did you panic sell or simply sell? They're not the same thing.

We've all panic sold in our investing lives. I recently lost almost five grand panic selling NIO when they appeared on the verge of bankruptcy.

Panic sold. I saw what was happening with the coronavirus and knew it was only matter of time before the government would force Tesla Fremont plant to shutdown. So I panic sold all my TSLA shares I held in taxable account with the idea to buy it all back once the plant was closed. Couple weeks later, TSLA did have to close their Fremont plant and I could've bought back the shares I sold for over $200 cheaper. But I was scared and greedy at the same time so I didn't buy it back like I promised myself when I sold. So now I'm on the outside looking in. I keep telling myself to be patient and wait for retest of the low but it's hard when I know TSLA will be one of the biggest winner of this decade. My only consolation is I didn't sell any of my TSLA shares in my retirement account. And I still hold single TSLA $300 Jan 2021 call which I never sold in my taxable account. So I'm passing time and collecting small change by selling TSLA puts while I wait for my opportunity to reenter the stock and buy back my position.

 

[FelixDeCat]

Stop loss = panic sell.

Becomes market order when triggered.

A lot of these stocks deserved to get an extreme discount...REITs for example. They were levered and getting margin calls. Now nobody is paying rent...for now.

The retirees and lottery winners living on REIT income saw their portfolio lose 90-95% at the low.

 

[ponyo]

Why didnt I buy this? Doh!

Let's be real. You would've sold if CCL moved up 50 cents.

I was considering buying CCL weekly call yesterday because I saw FOMO and the entire sector being lifted. Then I got busy and forgot about it. But the end result is same as you. $0 profit or loss.

 

[dasherHampton]

So......

Is anyone actually going to do anything about the fact the The World Heath Organization "accidentally" released a report that implied that the Gilead treatment didn't work, temporarily tanking the stock?

Or are we just going to forget that happened?

They sure look crooked from the outside.

 

[FelixDeCat]

Let's be real. You would've sold if CCL moved up 50 cents.

I was considering buying CCL weekly call yesterday because I saw FOMO and the entire sector being lifted. Then I got busy and forgot about it. But the end result is same as you. $0 profit or loss.

It is true I love to trade short term. This morning I flipped 10 $16 May 1 calls.

Im completely confident Corona Cruise Lines goes back to $50 by 2022. Good place to park money for 24 months. My time horizon is 24 minutes.

Might buy 1 long term call on a pullback but it has tons of gains right now.

 

[FelixDeCat]

So......

Is anyone actually going to do anything about the fact the The World Heath Organization "accidentally" released a report that implied that the Gilead treatment didn't work, temporarily tanking the stock?

Or are we just going to forget that happened?

They sure look crooked from the outside.

The Who was paid by Chinese hedge funds to do that. We wont mention it again because we are not supposed to hate the player, we are supposed to hate the game.

The mainstream media will not even mention it. They are barely talking about the Luckin Coffee scam fraud. People lost their life savings on that garbage.

I learned my lesson back in 2008. NEVER buy Chinese stocks. The biggest reason is they are not held to the same standards American companies are.

 

[ponyo]

Sold another TSLA July 17 $600 put for $36.23. Now I'm on the hook for 23 TSLA sold puts. But 4 puts will expire this Friday and another 15 puts will expire next Friday. There's like 99% probability that all 19 puts will expire worthless. I should close out May 1 and May 15 sold puts. That's the smart thing to do since there's less than $2,400 value left on those puts. But I'm greedy and want the remaining $2,400 as I feel like there's no way TSLA will hit $450, $420, $380, and $350 prices. Where else am I going to get paid $2,400 to keep something for 2 weeks at almost risk free?

 

[FelixDeCat]

I looked at TOPs and its trading for .23 cents. So I bought 250 shares of NAT for my HSA and 105 tiny cash account around 7.97.

Some institutions are not allowed to invest in penny stocks like TOPs. As far as it being up soley because of Kramer, I doubt it.

Anyway this stock is up tremendously so consolidation is likely. But I got tired of missing out.

Waaah, mommy! Im getting killed here.

People shorting this stock on vaccine news and extrapolating less need for tankers.

Might have to take a loss here.