[ny325]

Stock prices have been plummeting. Eventually it will bounce back.

[Zara]

Originally Posted by NorCalAthlete

At this point, if I had $50k to burn I'd buy $SPY puts. We're nowhere near the bottom with cases skyrocketing by the day.

https://www.arcgis.com/apps/opsdashb...23467b48e9ecf6

Over 30,000 confirmed cases added just today. Spain has 10k fewer cases but 1700 more deaths, and we have a bunch of idiots from Florida and such just coming home off of spring break, soon to infect their communities and families. We're running low on medical supplies, and universities / hospitals across the US are building makeshift stations in parking garages, stadiums, and auditoriums in anticipation of an increase in patients.

My exact thinking as well. The market cannot begin to recover if the number of cases is still growing exponentially. It's going to get worse before it gets better.

[Ngilbe36]

Originally Posted by Zara

My exact thinking as well. The market cannot begin to recover if the number of cases is still growing exponentially. It's going to get worse before it gets better.

Except...
Number of Cases and Stock Market are not inversely proportional. Sure they may correlate, but they are not tied in dire terms.

[Jordan's World]

Well, did I miss the bottom? Was stuck working all day, but had a few minutes to open the stock APP on my phone and have peak. Looks like things are going up. Regret not dumping a little more in Monday morning.

[MisterF80M3]

Originally Posted by Jordan's World

Well, did I miss the bottom? Was stuck working all day, but had a few minutes to open the stock APP on my phone and have peak. Looks like things are going up. Regret not dumping a little more in Monday morning.

It looks like a bull trap to me. It is way too early for a bottom, IMO.

[Humdizzle]

stimulus deal passed.

hard to say what will happen tomorrow. Investor confidence seems to be growing, but NY seems to be getting worse at the same time. Hilton and Boeing look like tasty pickings right now... but i just can't see their stock surging when everyone is being put on lockdown.

i think i'll stick to holding cash until the peak cases per day start to drop.

But i did transfer a few thousand to ameritrade to get ready. i forgot this shit takes days to clear and be available for trading. grrr. All i had was $100 in cash left in the account from leftover trades, bought 11 shares of park hotels lol, lets see what happens. sometimes just making a right call, even if you dont make much money, is fun.

[Jordan's World]

Originally Posted by MisterF80M3

It looks like a bull trap to me. It is way too early for a bottom, IMO.

Complete novice here, so had to look that up, but I think you're right. However, as you said it might be too early to tell. From my understanding of this chart, the true characteristics of a bull trap would show a stock reaching its resistance level, then falling back down sharply.

I'm guessing the coming weeks will give more insight?

[Rmtt]

TSLA and AAPL are holding pretty good.

I have been eying Boeing for awhile...think I read someone bought in around $95 or so. Now it's back to almost $130.

As much as I try...I can't seem to convince myself with individual stocks.

[Littlebear]

Boeing says 737 production will restart in May!
I don't know about jumping back on yet. They have many difficulties now.

Murf

[Humdizzle]

boeing up nearly 30% so far today. But yeah, i feel like this bump will be short lived, at least until the cases peak and travel restrictions are lifted.

[Littlebear]

Originally Posted by Humdizzle

boeing up nearly 30% so far today. But yeah, i feel like this bump will be short lived, at least until the cases peak and travel restrictions are lifted.

I sold the last of my BA at... $369. ! I thought that was low....

Murf

[e90335e36m3]

Bought Boeing at $93, sold at $150 this morning.

[adc100]

I will buy 10 shares VTI every day or so for a couple weeks if things continue in this direction. Not intending to get rich. 25K seems possible (no probable) on the Dow in the next few weeks

[Humdizzle]

looks like the hardest hit companies like hotels, airliners, cruises made some solid 15-20% gains today. My google and amazon didn't really do anything.

EDIT:
fuck it. just put $5k in among Starbucks, voo, vti, xom. i figure now is as good a time as any to get in and diversify my portfolio a bit and stop hoarding cash.

[aerostar]

How bad do you think buying BA soon would be?

Edit: I think I'm going to go with United if it drops a little more.

[Jordan's World]

Purchased BMW at $13.59 last week just sold at $17.01. I'm content with that, considering it was my first ever stock purchase and made a few hundred bucks.

This stuff is kind of addicting. Not looking to get rich, but figure its a good learning experience.

[Jordan's World]

Originally Posted by e90335e36m3

Bought Boeing at $93, sold at $150 this morning.

Man, I hesitated at a similar buy in. Regret not buying a few shares.

I'll ask this in lay terms as I know nothing, but were you intentionally planning to sell when there was a significant spike? I guess they call this having a short position.

[Kolyan2k]

Originally Posted by Jordan's World

I guess they call this having a short position.

Short is when u bet on ticker going down instead of up

[Nisfro98]

I should have bought boeing 2 days ago.

[Humdizzle]

Originally Posted by Jordan's World

Man, I hesitated at a similar buy in. Regret not buying a few shares.

I'll ask this in lay terms as I know nothing, but were you intentionally planning to sell when there was a significant spike? I guess they call this having a short position.

that's the stock market for you.

Its like going to the casino in a way. You take a certain amount with you and take a calculated risk. You need to set a price when you are going to cash out and stick with it. Its easy to keep wanting to play when your up, and wanting to stick around to 'win back' your losses.

Pretty much all these major companies will bounce back. it may take months, it may take a year, but eventually they will get back to pre-virus levels. Just need to be patient.

[Jordan's World]

Originally Posted by Humdizzle

that's the stock market for you.

Its like going to the casino in a way. You take a certain amount with you and take a calculated risk. You need to set a price when you are going to cash out and stick with it. Its easy to keep wanting to play when your up, and wanting to stick around to 'win back' your losses.

Pretty much all these major companies will bounce back. it may take months, it may take a year, but eventually they will get back to pre-virus levels. Just need to be patient.

My thinking exactly. Considering the fact this was my first time, I didn't really have a game plan on when I was going to cash out. After you mentioning it, I think the casino approach is most logical. There's just so many variables for me to wrap my head around.

Would rather play with stocks then go to a casino any-day.

[damageprone]

Originally Posted by Jordan's World

My thinking exactly. Considering the fact this was my first time, I didn't really have a game plan on when I was going to cash out. After you mentioning it, I think the casino approach is most logical. There's just so many variables for me to wrap my head around.

Would rather play with stocks then go to a casino any-day.

You can't really lose everything with stocks...unless you play with options trading.

So in that sense, it's better than a casino.