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

[FelixDeCat]

Here was an interesting video, 'bout 23 mins long, skip to the end to see the results:

They drove several new electric cars until they died. Some of cars cannot be pushed when they have 0% battery. Odd. Regenerative breaking perhaps? Guess which car lasted the longest?

None of them went their stated range, but they were driving in cold weather which probably affected results. All of them cost a pretty penny. Personally, I liked the Audi. It did not include Ford's electric Mustang.

More competition in the EV space should help drive down prices and perhaps profits for automakers.

 

[jpiniero]

Saw that Foxconn was denied restarting on Monday. Foxconn said earlier that they could withstand closure for a bit with some production lines outside of China, but only for so long. This is really going to hurt Apple at some point.

 

[JEDI]

Saw that Foxconn was denied restarting on Monday. Foxconn said earlier that they could withstand closure for a bit with some production lines outside of China, but only for so long. This is really going to hurt Apple at some point.

doesn't foxxcon have a factory in Wisconsin?

 

[jpiniero]

doesn't foxxcon have a factory in Wisconsin?

Not sure if it ever got completed actually. Article I saw specifically mentioned Vietnam and India.

 

[jpiniero]

https://twitter.com/x/status/1226142549431197698

Rumor that one provence in China won't allow companies to reopen until March 1st. Not the one where Foxconn is located but I think if that ends up happening to Foxconn, you would start to see Apple product shortages for instance.

 

[ponyo]

Virgin Galactic (SPCE) on the move. Broke 52 week and all time high this morning. Tried to buy some leap calls but price moved away from me. Still sitting on stock shares and warrants.

 

[FelixDeCat]

Virgin Galactic (SPCE) on the move. Broke 52 week and all time high this morning. Tried to buy some leap calls but price moved away from me. Still sitting on stock shares and warrants.

The trader side of me says sell. The investor side of me says ... well it doesn't say anything except stop staring at it especially if you are waiting for $42.

 

[FelixDeCat]

Bought 5000 ADXS .94, $31 calls on NUGT.

Edit: locked in profits for both 1.08 Adxs and nugt calls

 

[ponyo]

Good video on where I think TSLA will be at the end of this decade. I did the same math soon after I bought my first TSLA shares in 2018. The math blew me away then, and it still blows me away today. But Tesla is doing it, and I have full confidence they're going to do it. Or come very close. All I know is today's prices are a joke if Tesla achieves anything close to Elon's projections.

 

[dasherHampton]

I sold GE and BAC puts for March 6. I think that's all I'm doing for now.

 

[FelixDeCat]

I sold GE and BAC puts for March 6. I think that's all I'm doing for now.

Your GE trades were right on. It pisses me off for not buying PCG at 11 (now 18) but companies in bankruptcy are too risky to hold until they are out of BR.

 

[ponyo]

The trader side of me says sell. The investor side of me says ... well it doesn't say anything except stop staring at it especially if you are waiting for $42.

I ended up chasing and bought SPCE Jan '21 $30 leap calls. I figured why fight over pennies when I think it's going to $42 and higher.

 

[jpiniero]

Barren streets but bustling stock markets in virus-stricken China

Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs.

www.reuters.com

Chinese can't go to work, so they are at home buying up stock.

This is so not going to end well.

 

[woodman1999]

Back in the black on MU!

 

[ponyo]

SPCE on the move once again. My SPCE shares, warrants, and leap calls are printing money. I was hoping for a pullback so I could buy more leap calls but it doesn't look like it.

 

[FelixDeCat]

QQQ $234 and change today......

.....back to $190?

That would be an 18% market correction if it happened this year...

 

[ponyo]

QQQ $234 and change today......

.....back to $190?

That would be an 18% market correction if it happened this year...

18% correction in an election year? You have so little faith in our PPT. They're the best in the business. Trump is not going to let the market crash while he's up for reelection.

 

[FelixDeCat]

18% correction in an election year? You have so little faith in our PPT. They're the best in the business. Trump is not going to let the market crash while he's up for reelection.

That makes sense. However you cant stop a major correction no matter when it happens. Even worse, going deeper into debt for no other reason than to prop up the stock market is a bad idea.

The Fed can only do so much, and if we ever have a REAL prolonged crises like 2008 or even 1930 the consequences will be unimaginable.

It was trade wars that helped create the depression and only massive government spending and a world war got us out. Except we werent already 25 trillion in debt!

 

[ponyo]

Another day and another rocket up by SPCE. The leap calls I chased and bought on Monday have almost doubled.

Tesla also announced they're doing $2 billion equity raise with the option to sell another $300 million. I bet they will sell $2.3 billion because the demand for the offering will be super strong. This is smart move by Tesla to raise the money now while the stock price is high. I was expecting capital raise after Investor Battery Day in April. So the timing is kind of surprise, but I'm happy to get this out of the way. The shorts tried to use this along with the 15k Model X steering wheel recall news to push the stock price down this morning but buyers came in to kick the shorts in the face. I love it.

 

[jpiniero]

Tesla also announced they're doing $2 billion equity raise with the option to sell another $300 million. I bet they will sell $2.3 billion because the demand for the offering will be super strong.

Now you know the stock has gone completely nutty. Kind of similar to when Amazon got Whole Foods for free.

 

[ponyo]

SPCE is just on fire! It gapped up yet again and broke $26. My warrants and leap calls have more than doubled. Still zero desire to take any profit and very happy to sit on my shares, warrants, and calls. I'm waiting on $42-$50 before I take single profit. At this rate, it could happen sooner than later.

 

[FelixDeCat]

Bad news. I bought SPCE. Now it will go down.

 

[FelixDeCat]

Oh my lawd Im rich!

 

[ponyo]

Bad news. I bought SPCE. Now it will go down.

Are you still in? Or did you sell with your toilet paper hands? . That was fun to watch today. Volume was super heavy. Lot of FOMO. I can smell it. I don't know when SPCE will correct but when it does, I'm still not selling. That's to flush out the weak hands before the real move up. And that move up will be parabolic. Think Beyond Meat and Tilray retarded parabolic move. So today is just prelude to what's to come. I think we'll see $50 or possibly $100 this year. Even at $50, you're looking at ~$10 billion market cap stock which is nothing. This baby has lot of room to run. SPCE, take me to the moon!

 

[FelixDeCat]

I had to sell. You know me, Im in for the quick buck. Ill buy back in around $20 or so.