/biz/ - Business & Finance

>>19726814
Alright, this is genuinely cute and putting a smile on my face. Well done anon.

>>19726827
What's funny is that the best thing economically for them would be oil prices staying high or going higher since it incentivizes more production. The market has yet to adequately understand/evaluate them and I maintain them solely as value trades. Because they unironically are, and at least FRO alone is being traded like a growing company since it actually is growing and consolidating/getting acquisitions during the worst of the recession due to enormous cash flow. But still not even close to properly valued, just more volatile. Recently tankers been falling with oil and rising with it, so I assume the algos were swapped too. Generally who knows how they will respond, could be up or down. I liquidated one of my tanker positions of EURN (love how it paid the massive divvy without going down just in time for me to sell) to buy more of everything else and deposited/margined out some more money for the stuff too. Annnnnd.....we go down.

>>19726853
I really don't believe in the robinhood meme having much of an impact, most stocks can't be budged by retail. Cases have been trending up for weeks, riots is 2 weeks old. Nothing is new bad news. No shutdowns will ever happen again too, so that is good news. Fed can get more brrr hopefully.