/biz/ - Business & Finance

>Futureniggers start pumping when drumpf starts talking about oil
>Its a nothingburger
lol

Progress on the Joe Exotic pardon?

future pumping hahaha

tomorrow will be green. It is illegal to have 2 red days in a row now.

What did Trump say?
Futures flipped green. Telsa pumping

>>18586134
>Return of the Bear edition
can you post your rarest hobos, I'm harvesting

>>18586172
Bullish on Carole Baskin getting the rope

unironically going to repost this and see if i get a reply this time:

>>18585696
i don't get it. it's more or less impossible to figure out what's going to happen when you hold overnight. maybe you win big, maybe you lose big, who fucking knows? only intraday can you use TA to know wtf is going on at any given point in time, to find good entrypoints to any given trend, to have reasonable risk management.

seriously explain it to me because i don't get it. as cliche as it is, and i know it is, you guys must hate money or something. trading regardless of time frame is literally about nothing except risk vs. reward. for all of the people who went long on oil at $20 i don't even know what to say to you, whether to laugh at the absurdity or cry. i honestly sincerely don't get why you hate money. we are unironically in one of the most unpredictable and volatile times in the market in human history and you hold overnight. why? why do this to yourself?

im not even joking, why? i just hope you guys didn't invest that much compared to your total capital. i hope you gambled an amount you were totally fine with losing completely. if not, i hope you kys and don't reproduce, at least save the gene pool from your utter lack of intelligence, jesus fucking christ.

oil goes negative
lol markets are jewed to the max

>Zey sink zat tomorrow weel be red oor green?
>Make eet purpehl

>>18586206
is there a reason why she is dressed so sexy while teaching a young boy? this isn't a porn, is it?

So what happens if you own a May futures contract on expiration?
Do you have to pay for 1000 barrels of the agreed upon price on the contract and you have to pay to ship and store 1000 barrels?

Are may contracts REALLY closed? As in they won't be trading anymore ever again? We're moving on to june now?

Corona is over, we're all gonna make it bros, V shaped equities recovery, rate hikes without even a taper tantrum by Q4

>>18586205
tldw great time to buy oil; the oil situation is a temporary squeeze, oil at $30 or higher in may

>>18586134
bros, im being serious, how the fuck do i physically purchase oil barrels

I've got a trailer and I've got a barn to store the barrels in, I need an answer.

>>18586250
Yes precisely.

What do you guys use to trade options? I never applied on Robinhood and I was just about to but then I heard it takes forever for them to approve you

>>18586214
Free Joe, I want some Zooters pie.

https://www.youtube.com/watch?v=nV_7U-sBXtU

>>18586227
you mean yellow? crab is yellow. like a traffic light.

Nothingburger confirmed

DOW 30k EOM

Suck dick bears

>oil is fucking negative
>everything still nearly at ATH
The hopium is fucking insane.

>>18586268

put 10 million in your account, you will approved in an hour

>>18586284
>pRJced Jɴ

>>18586250
>anon gets assigned 1000 barrels and has to explain to his mom why he needs the swimming pool

>>18586246
Lots of hispanic women dress "sexy" regardless if they're around children or not. Its more casual and accepted thing. Whether they're actually sexy or not is another issue.

>>18586302
Tell me what isn't priced in? Thermonuclear war?

>>18586268
stop trading options you fucking noob. trade stocks. i literally make a living trading stocks, stop trading options you overleveraging nigger.

>>18586284
Welcome to bizz. These bulls run into a the headlights of a military equipment train

Plastic and refinery stocks should go up because their raw material is now cheaper.
Isn’t this true?
Shill me your cheapest oil derivative stocks

>>18586322
Nothing. Even the heat death of the universe is already priced in.

>>18586309
Fuuccck I'd feel like a proper oil barron swimming around in my pool filled to the brim with crude

>>18586215
Here's the general thoughts of a guy that's only been doing this for half a year: the rare occasion I try a day trade (broke fag here) I look at a specific chart to see what's having higher volume than usual. I do the most absolute basic, rapid fire FA on the company possible before open, and after about an hour, if momentum carries it high, I buy. I'll ride it up to around noon since most pumps tend to cool down around then, and then dump.

>>18586134
>https://nhentai.net/tag/oil
for me, it's https://nhentai.net/g/279384/
also, now is a good time to dump into XOM, right?

>>18586279
>Zey expect ze yellow crabe?
>Make eet a pink feesh.

>>18586284
Low crude = low pump price = low expenses for companies still operating. Low crude may kill producers but is offset by tankers who are having a field day as well.

>>18586322
This market is a joke fueled by the belief that any losses can be recouped by the US government ad infinitum. It isnt a stretch to say everything is priced in until the US can no longer pay.

I saw a bullish pattern in the clouds just after close today. I'll be buying SPY tomorrow.

Post the /biz/ discord

sold half my stack. feels like a weight off my shoulders. Always. take. profit.

>>18586205
Something about
>we’ve never discussed who would be liable if the companies reopen and employees get sick, but I’d like to release them from all liability. But I’ll get back to you with the legal position once we have one.

>>18586222
Is there a word for getting saudied? Or Russia’d? Or pozzed by coronachan?
>>18586134
H-heh right what a funny joke. Imagine if that were a real thing haha. Yeah right wouldn’t that be funny though?

bros how do i learn to talk like pence

KEK

>>18586268
I use Robinhood and Think or Swim.
Robinhood has fast approvals.

This bear is holding a 100 kiloton nuke

>>18586359
So what about the entire US Shale industry going bankrupt? Does that have no negative consequences for the broader economy?

>>18586357
>zey fell for ze feesh?
>activate ze hippo

>>18586266
I wish I lived in the US so I could literally rent a big old propane tanker truck or whatever and physically redeem me some negatively priced oil. At -$40 it was probably worth it, wonder if that's why it spiked back up a little. People opening storage cheaper than $40/bbl.

>>18586385
Never take profit. Always increase stop loss to a comfortable level. Let your winners run.

>>18586272
I'd definitely make him use something other than expired Walmart meat for his pizzas, you're better than that hillbilly!

>that pathetic attempt to pump oil futures

>>18586215

>>18586217
it's the same thing as day trading but with more risk, i don't get it. day trading doesn't have gaps or periods of time where stop losses are meaningless. "a small gap is fine" okay but then it gaps down 10% and you're fucked from some unforeseen circumstances.

it's not that you can't get lucky, it's that you're purposefully, in the long term, choosing a method where you can't control risk appropriately and where it is far more unpredictable. it's the same thing as day trading except worse, probability-wise. the people who hodl for 30 years are just risking time and opportunity cost instead of money, and the fucked up thing is that they could STILL lose in the end. it's about predictability and risk management, and you're purposefully choosing the worse one.

>>18586387
Fucking hell this is like Dickensian times.
In you go disposable factory workers.

>>18586309
I wonder how many people bought tens of thousands of barrels at $0.01 thinking they were going to make a fortune.

>>18586364
That's a joke. The U.S can pay it long as the ink and paper don't run out. (or the computer crashes)

>>18586222
how do i get paid to receive barrels of oil on my front lawn? i want some of this free oil

>>18586165
futures pumped because of mathematical bands closing that bots like trade on

me saw it coming here >>18585808
it really not that hard see

>>18586411
Fucker. Got me.

>>18586423
retard

Bvll. Svrge.

Stvpid. Fvcking. Bears. Pregnant bear mommies and sisters, here I CVM. #GREENFVTVRES #NOMORESETBACKS #BVLLISH #GOLDENBVLL #MAGA2020

>>18586268
they approaved me in like an hour. im still waiting 2 weeks later for my schwab approval

>>18586404
As I said, it does but it's offset by tankers in terms of the broader economy. In the long term the result will be dire, but in the short term not at all.
Problems will really only start happening after saudis start jacking up the price far beyond what an energy-independent USA was getting. If that never happens, it will be business as usual. Trump will be pissed to lose the independence and it will cause some reduced stability in some sectors but that's about it.

>>18586404
Apparently not at all.
I guess it's time to go long on meme stocks again. Amazon looking undervalued.
Tesla will have dismal Q1 earnings in two days time, but priced in!

the fucking green dildo...

>>18586172
Priced in

WTF WHY ARE MAY CONTRACTS STILL TRADING
I THOUGH YOU SAID WE'RE TRADING JUNE NOW
EXPLAIN
PLS

>buy gorillions of oil
>pump it under the earth
>sell the oil field to oil company
>repeat
genius?

>>18586134
Before buying anything ask yourself, what would Bobo do?

>this small green candle
is J-Pow fucking kidding? show us the money

I told you faggots yesterday to buy tvix.

If you listened to me, you would have gained 20% today. Well /biz/, did you listen?

>>18586507
They trade until tomorrow's close.

I'll take a quadrillion barrels please, yes that will be 100 trillion dollars credit, thank you. Oh, what will I do with all the oil? I'll just dump the shit in the sewer.

FOR FUCKS SAKE YOU RETARDS OIL WAS NEVER NEGATIVE IT WAS ALWAYS AROUND 20 ON THE ACTIVE FUTURES CONTRACT

>>18586417
>never take profit
that's up there with Buy High Sell Low

>>18586356
nice
no

>>18586387
>their bodies aren't oiled up
japan needs to get to work

>>18586393
the only way to become Pence:
evade 3d women (besides your wife) and punish the gays

>>18586446
Kek kinda true but it’s like retail wage slaves instead. And worst part is they’re the ones who have to deal with people.

>>18586401
Sounds about right, bears have been pulling the pin and forgetting to throw the grenade an awful lot lately.
>betting against the Q’s
>with leverage
What is wrong with them?
>>18586461
Yeah you got a way I can learn what the heck it is you’re seeing?

I'm taking a job at BP as a programmer in like 2 months, am I fucked?

>>18586387
no way in hell he can release them from liability. Courts would never approve. Highly illegal.

>>18586582
yes

>>18586414
1 contract is for 1000 barrels nigger, one tanker truck won't be enough

>>18586437
>"a small gap is fine" okay but then it gaps down 10% and you're fucked from some unforeseen circumstances.
Part of risk management involves not going into stocks that are liable to gap down 10%. It's perfectly fine to daytrade pharma or biomeme companies, but you would never, ever swing them.
The risk is higher but it's also less work, and with a larger upside. You don't need a win rate anywhere near as high to get similar gains to day traders, because your wins will carry you far further. You also don't have risk of slippage and aren't anywhere near as sensitive to volume. If you start making big money daytrading you will have no choice but to start also doing some longer-term investments because of these downsides.
Ultimately though, which of the two strategies you prefer is mostly based on personality, they're both basically the same thing.

>bullkeks literally coping and bobotards thinking the economy will crash
>meanwhile market is just crabbing

>>18586524
Nice job anon. I should have been smarter and used some volatility index. I don't understand them too well and i would be gambling more than I already am with those.

>>18586524
>tfw put it all on TVIX today a little after the crash started
>made like 7%

I just saw how TVIX hasn't been fucked over by decay and it's still higher than it was before the crash which is very interesting.

We might actually hit 800 again (maybe) and I'll make a shitload (relative to me)

>>18586534

>he defends euros for free

>>18586356
>oiled up reverse-rapist succu-harem
F-f-f-fuck
Real life is such a disappointment in comparison.

>>18586215
>seriously explain it to me because i don't get it. as cliche as it is, and i know it is, you guys must hate money or something. trading regardless of time frame is literally about nothing except risk vs. reward. for all of the people who went long on oil at $20 i don't even know what to say to you, whether to laugh at the absurdity or cry. i honestly sincerely don't get why you hate money. we are unironically in one of the most unpredictable and volatile times in the market in human history and you hold overnight. why? why do this to yourself?
may contracts will expire below zero again bc of people like you

>>18586511
Literally can't go tits up.

turns out it was a nothing burger

>>18586597
Hey I have a song for that
https://youtu.be/N8TWOPEZf4o

>>18586590
He said they had never discussed it, he was just talking out of his ass. But he’ll do it if he can. He’ll nuke OSHA, whatever it takes to get people back to work. He really hates losing, and wants to make sure diamond joe loses in a landslide.

Will SPY hit 283 before 5/1???

>Travel industry destroyed
>oil industry destroyed
>aviation industry destroyed
SPY does not react one bit. New ATH's.
I never thought I would say this, but this is worse that the shitcoin market.

>>18586658
Stocks are going to the moon by June.

>>18586322
>Tell me what isn't priced in?
Any good news.

>>18586608
I'm dumping my tvix first thing in the morning. There is going to be a rebound in the market Tuesday because that always happens when people irrationally panic sell. This oil thing is a temporary blip. Sell Tuesday and rebuy Wednesday or Thursday depending on how things go.

What happens if anon buys millions of barrels and then kills himself? Who pays for the storage?

ANTERO ANTERO BUY FUCKING ANTERO!!!!

>>18586678
>your pie vs the pie she tells you not to worry about
Also, you’re wrong. You just don’t know the rules to the game. No one really does, but we do know that stocks are pieces of companies. Crypto is fairydust and farts.

>>18586658
Based Los Angeles. Maybe Mexicans are less susceptible than asians.

>>18586597
>we’re gonna need a bigger boat

size of the green candle is now to be considered the size of the J-Pow's dick

What if we just shoot oil into orbit and get it when we need it?

Alright faggots what oil stocks am I buying? Also HAL is so comfy, stay stong halbro

>>18586759
>pieces of companies
A lot of which aren't actually profitable, so in factual reality they cost less than a fart, they're in debt.

> "i interviewed someone"

why do these ape journos lie so much?

I think oil derivatives should go up.
And oil refineries. Because their raw material has become cheaper.
Does anyone know of plastic companies?

>>18586742
Isn't it already too late (I used to have bags of that shit around 2.50 and 3 per share and want to an hero right now)

>>18586811
>>A lot of which aren't actually profitable, so in factual reality they cost less than a fart, they're in debt.
Assest - liabilities is called the book value you absolute noob. You can check this on a stock screener.

So is there literally no way for the average person to profit off WTI oil dumping?

>>18586798
>Alright faggots what oil stocks am I buying?
Dow chemical. Oil is an expense for them.

Honestly God bless Trump but it pisses me off when the market tanks and he get up on camera and spins a load of bullshit. Infinite QE, no liability for deaths.

I pity the fool who didn't buy SHOP

>>18586812

KO

trump SEETHING

>>18586658
or with 600 deaths from 5%, another 11k+ deaths to come if everyone gets it - which is likely as most people get a cold etc eventually

>AAAAAAAAAAAAAAAAAAAAAAAAAA JEROME DO SOMETHING THE FUCKING RUSSIANS AND ARABS ARE GOING TO KEK ME FROM BEATING BIDEN AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>18586596
oh fuck oh fuck oh fuck

>>18586812
>Because their raw material has become cheaper.
But most of their reserve storage were already at max capacity before today's big crash.
They're not capitalizing on the cheap contracts for May.

HE GOT CAUGHT
HE'S SHUCKING AND JIVING

>>18586848
yeah it was getting a bit worse than usual

>>18586736
Probably the inheritors or the city.
>>18586767
Bro you really think everything is Powell, like he’s a one man plunge protection team. It’s nonsense. Truth is we acted like this was the end of society and it’s not.

I really like Israel-tan’s design, but I hate the polshit. Goddamn though pink hair + red eyes + cute hairstyle + qt fangs... she’s like perfect.

>>18586811
Some of them will go bankrupt, that always happens eventually. But many think they’re worth speculating on.
The companies that are outperforming right now are largely the tech stocks, and you can call them overvalued but the biggest ones that move the averages have a ton of cash on the sheets.

>>18586849
I'm too scared of those mooning stocks.

>>18586848
>no liability for deaths
War with china soon.

>I built it once...
When did this happen?

Tell me why I'm dumb: even if a company suspends it's dividend, if we assume the dividend is returned by 2021/2022, why wouldn't I slam as much money as possible into something with a 20% dividend yield that's suspended?

Can someone give me a tldr of what the task force said today? Will watch it later today but currently at work.
Thanks

>>18586903
>i sold 131 shares of RTX today

Fuck me oh well i buy back in this week

>>18586849
stimulus shopping baby!

>>18586849
feeling pretty comfy right now

>>18586910
the price will take a hit once dividend is suspended or cut, you goose

Thoughts on uso

>>18586938
Strat reserve being filled up with oil, nothing much else said. I just shut it off because its just more boring boilerplate shit.

>>18586938
>everything is fine
>we're buying oil bags
>fucking reporters stop bullying me
>the chinks did this

Gonna put $1000 in my Robinhood account and go balls deep on some SPY puts, who's with me?

>>18586910
>20% dividend yield
You fucking what

STOP PUMPING I WANT TO BUY CHEAPIES

>>18586850
But that’s cola

>>18586877
But in the future they will? Won’t they ramp up production?

>>18586949
means lie in japanese, haha...

>>18586943
Yes which is why it's at $6 and a 20% suspended yield to begin with. So if I dump big bucks in now, when the dividend resumes I get 20% yield on my cost basis plus all the price growth from the dividend resuming

>>18586902
Nothing to be scared of but the juicy tendies

>I’m the last person who wanted to shut down the economy
We know
You wanted to “let it rip”

>>18586949
I WARNED YOU BRO
I TOLD YOU ABOUT MAY WTI OIL FUTURES DELIVERED TO CUSHINGS BRO

Seriously, these oil fuckers, yolo 2.2M in amd on lev robin hooders will get this shit regulated and then its over for everybody. That shit with the wsb rh margin loop hole was already a close call. If you lose big bucks just keep yall traps shut or next time youll be buying stocks from sum jordan type of a mf over a phone.

>>18586905

you have to be 18 to post here

SPYCHADS REPORT IN

>>18586962
BPF.UN (Boston Pizza Income Fund), the 20% yield is based on the assumption that the suspended dividend is resumed at some point, say Q2 2021

my airline stocks are going to the MOOOOOOOON

going to dump my RTX stinkies to grab some more at market open

>>18586974
They won't necessarily reinstate that same percentage, and the reason they got away from the dividend is because they were probably hemorrhaging money to shareholders instead of using that money to further expand the company. Usually best to get a dividend stock of no more than 5-7%

>actually bobos stocks have nothing to do with the economy or fundamentals
>stocks are actually just a thought experiment by the FED that you can gamble on

>>18586990
I don't understand

Fellow Bobros... I'm sorry. I was planning on holding until Friday, but if oil crashing into negative can barely dent the market, I quit.

Tomorrow I liquidate my positions. I will not bull, but I will not bear either, I simply quit, I'm done until this whole disaster is over. Nothing makes sense anymore.

>>18587010
Everybody knows what ‘suspended’ knows

>It would have been an atrocity!

>>18587045
yeah, I know

>>18586995
I remember. Never.

>>18587048
If you buy SPY now you will make money eventually

>18586970
>But in the future they will?
It depends on how much demand there is for their derivative product against their storage capacity and how fast they can deplete their oil reserves to replenish with June~onward contracts to capitalize on the cheap price if June~onward crashes like May.

Posting for posterity. Of all the wild things to happen because of Corona chan, this is the wildest for me.

>>18587035
>stock previously had $14 price and $0.11c/monthly dividend
>now has $6 price and no dividend
>I assume within 2 years both price and dividend will recover
>based on the full dividend and my price today, I would have an book value to dividend rate of 20%
It's a royalties income fund

>>18586970
>>18587104

>>18587048
He covered?

>>18587048
You fought bravely, fampai. o7

r8 my ultrapoor suicide stack

>>18587124
If it crashes as soon as I sell, then I consider it a worthy sacrifice to save my fellow bears.

>this is the big boys' call to stock up on oil reserves for the upcoming WW3

You can't run out of oil if it costs more to sell than buy.

>>18587034
I wish anonymous blockchain based micro stock trading was a thing, because if it was I'd write you a cash covered $64 put right now for like, $2 premium

What books would you recommend to a beginner /biz/? I wanna trade fake money cause I don't have that much real money :)

>>18587110
lmao, holy fuck WHO

>>18587034
What you got bro?

I'm looking to lay down some big plays so happy to pump you first thing

>>18587151
All real money is fake money.

>>18587151
currently only got the intelligent investor on my list btw

>>18587136
I wish you had real money so you could +80% and succeed.

>>18587151
>I wanna trade fake money
Which one? USD?

>>18587118
>I assume
Let us know how that goes
I'll keep my SPY bags, thank you.

>Sipping a coffee after tending to my country grown vegetables, looking at my silver bullion stack.

Yep, Peter Schiff was right wasn't he

>>18587204
speaking of peter "buy into my gold fund" schiff, did he have a podcast today since it was red lol

>>18587197
I think "Boston Pizza will survive coronavirus" is within my risk tolerance

>diamond hands on tza for a week and a half, bought at 57$
I WILL MAKE PROFIT FROM THIS, THE FED AND "BUY THE DIP" ZOOMERS CAN ONLY PROP UP THIS FAKE AND GAY PUMP FOR SO LONG.

>a month ago people were joking about people paying you to take a barrel of oil
>now it is reality

So you're saying they'll pay ME 35 bucks a barrel just to take the oil off their hands? Shit, where do I pick it up?

>>18586511
Basically Keynes' idea.

haha wtf going on?

>>18586849
I thought I was too late when it was $450
fucks sake

>>18586384
Looks familiar

Contracts are rolled over at this point right?
Any guesses as to where the June WTI will end up EOD?

>>18587268
Just ask them to flush every fucking drop down the toilet and collect your check.
Enjoying the throat singing thread lads as I marvel at the way in which the FED has managed to get the market pumping after news of oil going negative.

>>18587287
yeah because it's doom

>>18587280
LOL I bought like 2 hours ago and I'm now £200 up

Tomorrow it will moon in the morning and I'll cash out around 1k+ up

With sufficient leverage there is no such thing as too late so long as you know it ain't the peak.

>>18586677
dump imminent

>>18587324
>With sufficient leverage there is no such thing as too late so long as you know it ain't the peak.
Yeah but all it takes is a micro-dip to get you margin called.

GOLDMAN: WTI MAY CONTRACT WILL CONTINUE TO DUMP

>>18586515
Bobo is fuckin dead the Forrest service domed that faghot behind a cabin it’s crab and bulls for life

>>18587253
>harmonic abcd formation

>>18587348
Not if you have enough free funds to cushion it. Though if it falls too far you're right I'll get raped

>>18587355
Goldman has a different opinion every 8 hours. They will literally go from "THE BOTTOM IS IN" to "We must prepare for the worst depression in human history" in one day.

>>18586835
holy shit oldfag. I haven't seen that meme in a WHILE

>>18587151

>>18587399
Both of those are true, we're all fucked but inflation will keep stocks rising for a while

have no idea why i bought these SPY $282 4/22 puts today and i highly regret doing so :(

OH NO NO NO BULLBROS
WE GOT TOP COCKY

>>18587204
It's amazing how he's starting to sound more and more rational every day.

Today's podcast was hilarious.

>he bought the top

>>18587258
Just checked the numbers on THEIR website.
From Sept 22 2014 (oldest they had) to today, SPY vastly outperforms them, ecen accounting for dividends reinvestment.
But do your thing, might turn out to be a good swing trade

>these futures
lmfao bobo thought he had a shot

>>18587404
>2006
>oldfag
i shiggy diggy

Should I be buying oil stocks? Does it going negative mean I have to pay even more if it goes lower? How's selling work?

>>18587454
Is this the fabled "Sloth from The Goonies" pattern?

Eisman was right

>>18587387
>>18587387
>>18587387
>>18587387
>>18587387

>>18587204
>Sipping cancer
>Tending to my miracle-gro cancer crops
>Looking at my boomer metal that's worth nothing when shtf
I take all of that with one bullet.

>>18587454
Eerily accurate. I can’t wait until these bullniggers off themselves.

>>18587479
FUCK OFF IDIOT

ITLL CRASH TO NEW LOWS BY FRIDAY

>>18587399
That's because it's not "Goldman", it's a dozen different analysts that work for GS and each come out with their own articles

>>18587495
Good. I wanna buy burb mcmansion for twenty dollar.

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>ES position in profit
>Oil long which will probably get stopped out in break-even

Night trades already in.. now all I need is a cute asian girl

Anybody making oil plays, or staying away?

>>18587495
Sick, my 20% downpayment will turn into 40%.

>>18587514
>ITLL CRASH TO NEW LOWS BY FRIDAY
hmmm will it now. imagine, futures pumping on zero mention of economy
just imagine how it might react to, say, round 2 of PPP being authorized?

>>18587556
Not until I see evidence of a sustained bounce trend on the daily chart.

>>18587556
Im staying away because I'm not totally sure it's coming back

>>18587547
>robbing the hood when trading212 is available and all other brokers are free
shiggy

>>18587568
No one cares about the new stimulus bill. It’s going red and there’s no stopping it

>>18587265
I was serious. Feels good to be right.

>>18587585
Oh it'll come back eventually. Just with negative prices on the table here there's a chance you could get liquidated before it does. Or the company(ies) you chose to buy shares in go belly up.

Where will SPY be EoW next Friday May 1?

>>18587599
>t.

>>18587621
2800ish

>>18586857
that's not how it works, anon. it's more like the deaths have remained static but the population who has antibodies, but hasn't died, has grown by a wide margin. basically we didn't know the total population of infected and now we have a better understanding of it in comparison to the death rate, and the infected who didn't die are beyond expectations, way way more than we expected. a bunch of people likely already got "a really bad flu" and it was actually coronavirus but they didn't know, and they came out fine and now have antibodies for it.

does this make sense or do you need me to explain it in simpler terms?

FUTURES ARE FALLING

HAHAHHA

>>18587495
Who?

This is one of the things congress and the fed and the treasury are desperately trying to prevent. Mortgage defaults, fracking defaults, massive layoffs, the same dominos from 2008 but this time China isn’t immune and able to help boost the global economy.

>>18587568
God damn it
SMALL CAPS ARE NOT SUPPOSED TO BE SURGING WHAT THE FUCKKKK!!!!!

Bought XOM today and fuck I'm gonna buy more

3200

>>18587355
I now understand why that man is such an ecstatic fan without holding a single share of stock on his life. /smg/ is the most fun I've had in years.

He bought the top?

Convince me not to go all in on USOI

>>18587662
As I look more into oil I get more bullish on it. If lots of small producers go out of business we could see oil skyrocket as we recover.

>>18587662
Same tbqh

>>18587680
Go all in on TVIX

>>18586598
thanks for the response. i still respectfully disagree, but i see where you're coming from. thanks for taking the time to explain.

>>18587655
[laughs in .4%]

>>18587680
Oil ETF?
https://www.investopedia.com/articles/markets/081116/uso-good-way-invest-oil-uso.asp

BOBOS FIGHT BACK

only dropped 10,500 today

long only with divys, by the way.

>>18587660
https://www.youtube.com/watch?v=OkfpTEVIcM8

>>18587680
I guess...
But honestly never go all in ever. It makes you unable to take advantage of future opportunities. And especially on meme etfs.

>>18587669
>I now understand why that man is such an ecstatic fan without holding a single share of stock on his life
That's not even true though lmao

>you see, babe, I think the market is going to go down so I post cartoon bears. If more bear cartoons are posted than bull cartoons, the market goes down.

Sold most of my TQQQ while it was still up today and dipped into TLT & GLD. I'm ready for you, Mr. Market. Do your worst~

So we all agree- green day tomorrow?
Any good news re oil will pump the market to the moon

>>18587753
oil is a lost cause and priced in
that's why we fell like 1% on the news of oil for the first time in history being worth less than the dirt under your feet.

>>18587721
Note that this was back in June 2019. The dude can time a peak.

>>18587753
oil barely moved the market. That was a symptom. Not a cause

>over 1 month
>still $0.00 withdrawable cash

robinhooooooooooddddddddd

Today is going to make hundreds of idiots jump into commodities and liquidate themselves by the end of the week.

>>18587746
He bought? Just kill him

>>18587742
>babe, you're losing money though
>you see, babe, /smg/ only has like 100 posters so it doesn't actually affect the market at all
>babe...
>yeah i know im broke now, whoops!

>>18587798
>hehuh i'll just hold oil futures for years
>doesn't know etfs turn over every month

>>18587680
>>18587728
Oops forgot link

http://www.tickertech.com/cgi/returns.mpl?symbol=USOI&smonth=01&sday=01&syear=1995&emonth=04&eday=20&eyear=2020&compareto=other&other=USO

Tell me /smg/, what will tomorrow be like?

>>18587811
>honey, why is this poster pretending to be me?
>Don't worry, I'll just tell him to have sex. Gets em every time

>>18587807
>he sold for a profit?
>travel back in time and have him aborted

>>18587798
I certainly hope so. I can only imagine who was buying oil in CFDs today xD

smart money is accumulating xlf

Looking into glass and paper stock. I think movement in these industries suggest possible big moves coming. I'm currently watching:

>Glass
ASGLY
- Japanese, trades on NYSE
- Good-looking fundamentals, negative free cash flow is because of a recent acquisition that seems promising on paper
- Former glass-only company, now does a wider array of materials and chemicals
- Fairly cheap
- Don't see them dying soon, especially since they improved their diversification with recent moves

>APOG
- Just solid overall
- Recent insider movement suggest an uptrend is expected
- Analysts are bullish on it

>Paper
>WRK
- Timid but bullish insider movement
- They make boxes. People are buying a lot (think amazon). They'll be OK
- Decent discount

>VRS
- New VP recently
- Good insider movement but mostly from said new VP
- Recent mill explosion driving the price lower than it should be indicates a good entrypoint
- Specialty paper products (craft, prints, etc.). Not entirely clear how they'll fare

Thoughts?

>>18587826
I think everyone is cautiously optimistic.

>>18587826

>>18587826
Dead flat vix drop.

>>18587826
best day in history for the stock market

>>18587826
M

O

O

N

>>18587826

>>18587826

>>18587687
>>18587689
I'm building a longer term portfolio and oil is gonna recover eventually I have no problem hodling

>>18587721
Steve Carell aged like shit, didn't he?

4/24 $2500 AMZN call. Will I make it bros?

>>18587829
>okay babe that's great and all but you're still losing more money, what happened? tyrone's kids need this money babe why aren't the cartoon bears working?!

>>18587913
>he doesn't like memes
u gay?

>>18587818
Explain?

>>18587912
no

>>18587935
if you can't take the bantz get out of the kitchen, anon :^)

Up almost half a per cent on futures now. It's looking good for tomorrow.

>>18587959
you bant like a woman.

today was pretty fucking tragic

I hope it will be better tomorrow

>>18587912
Not impossible it still went up today.

>>18587912
Last week I'd say you're fucking retarded but I just don't know anymore.

>>18587970
that's the best you can come up with? oof.

>>18586206
HNNNNNNNNNGHHH

people on td ameritrade/thinkorswim, can i choose the default buy and sell volume? i want to trade in sets of 10, not 100, and i have to clear it manually each time.

>>18586268
I use Robinhood its quick for being approved for option trading

>>18587972
>oof
I think you're on the wrong website

WHAT OIL STOCK DO I BUY
QUICK

>>18588056
USOI

>>18588056
DTO

>>18588056
None. Oil is fucked and has been for years. It's so damn abundant that supply has to be artificially controlled

Threw some spare change at this, idk if its worth it but whatever

Mark my words lads, now, you should be buying puts.

>>18588092
Have fun with the green candle lmao

>that red dildo on the futures

holy fuck

>>18587939
Oil etfs hold the current month's futures contracts and sell them over time while buying the next months contracts. They have to sell all their futures before they expire to avoid the liabilities associated with actually claiming the oil associated with the futures contract. When current month futures are cheaper than next month futures, the entire size/value of the fund shrinks because they are selling assets that are down in value and buying assets that are up in value, even though both assets represent 1000 barrels of oil.

For this month, USO would have bought those futures at like $30/barrel and sold a lot of them lower, some of them as low as -$40 a barrel. They need to use that money to buy next months futures, however those are much more expensive, meaning the volume of futures they can buy dropped drastically. Meaning anyone who owned USO in the last month got the majority of their stake in the oil futures market permanently wiped out. But people are still buying into oil etfs because they don't know how it's structured, so all these oil etfs are way over-valued compared to the oil futures they actually own.

>>18587826
>VIX up 15%

>>18588092
Don't disagree, but what's your rationale?

REVENGE OF THE SITH

>>18588134
But what if you own the shares for a few years? Does the same logic apply?

OIL SVRGE. EVERYTHING BACK TO NORMAL. V SHAPED RECOVERY. HELLO BOBO HELLO BOBO ARE YOV OKAY BOBO?????

>>18587053
Why isnt this a gif yet

>>18588154
zoom out

>AMZN report this Thursday
>At all time high during a depression
They are going to be SLAUGHTERED. Wish I could do butterflies in that shit.

>>18587381
If you consider the realities of machine trading, there are definitely harmonics. Just like you'd have harmonics in an engine, or on the railroad, you have them in oscillating share values and their demand, the psychology surrounding them, and the game theory basis some of the machines are based on.

Bvvvvvvvvvvvvvvvvvvvvvll.

Bvvvvvvvvvvvvvvvvvvvvvll.

Bvvvvvvvvvvvvvvvvvvvvvll.

WE. WILL. WIN! BVLLCHADS, RISE THE FVCK VP!

>>18587972
>today was pretty fucking tragic
you've had your bull run

>>18588192
I've put all the popular TA techniques to the test and smelliot waves came in dead last. Useless garbage.

From the UK, new to trading. How do I make money off the shit going down the now?

>>18588174
It's an etf that's trading at $3billion that's holding like $1billion worth of futures.

>>18588218
turn your phone upside down and buy

>>18588191
Nah they'll be doing more business than ever around the world.

>>18588134
so the thing to do is not to buy uso, but instead to grab some cheap exxon and hold

>>18587495
It's still going to take a while before prices do correct, see '08 era. Housing response took a couple of years to get to bottom.

>>18588191

they have been killing it. amazon will hit 3k

>>18588198
Sir, are you having a stroke? Should I call a doctor?

>>18588174
tl;dr when oil is rising USO's contract structure forces them to sell low and buy high so they get bogged every single month. Because of this, the returns are way lower compared to WTI. Compare WTI to USO over any rising period. If you want to old oil for years you need to buy actual futures.

https://www.marketwatch.com/story/trump-says-us-looking-to-add-as-many-as-75-million-barrels-to-strategic-petroleum-reserve-2020-04-20

We're more communist than China bros

>>18588186
zoom in
enhance

>>18587846
>APOG
I wouldn't touch a small cap construction material manufacturer right now. Construction projects are being halted and delayed across the nation. I personally wouldn't trust insider movement enough for it to outweigh what looks like a grim trend.

>>18588191
how much could I make for a $100 put that expires on their earnings day assuming it goes down?

Is there anything more bullish to you than when bears start getting cocky

>>18586658
No way this is true, they had entire villages infected in Italy where the overall death rate was above 4%.

This is just bad data like the other time they tried to push this, or possibly even a psyop.

>>18588243
To be fair China kinda gave up the communist part to just go as far up into authoritarianism as possible

>>18588255
get in the fucking bag

>>18588255
bulls have been cocky for a week and oil crashed 300%

>>18588174
You'll be more than ok if you do that but everyone's dopamine receptors are busted on /smg/ so they can only see short term and gamble daily in order to feel anything at all

>>18586835
I feel for you. I use to scrape change off of 1000 shares of TNK. I eventually sold for good and moved the grand into my mutual fund. Fuck my life when it went all the way up to $20 and beyond. I got back in but I missed out big time.

>>18588245
rotate 90 degrees on the z axis and print me out a hard copy of that

GOD DAMN IT I TOLD YOU GUYS JMS HAD A GOLDEN CROSS AND NOW THEY RAISED GUIDANCE AND I'M MISSING OUT ON THE FRUIT SPREAD MOON MISSION!!

>>18588134
I'm assuming it already owns futures contracts for oil next month, several months away, etc? Could they keep the ETF going if they were 90% this week's contracts? Since most etfs usually say in their perspective that they keep 9X%+ invested in whatever the target investment is.

>>18588255
Bulls get cocky with no substance.

>>18588249
20 dollars

>>18588228
>>18588237
>P/E 101
They were sideways for a whole year and suddenly all time high during a crisis. They are not "killing it" retards. Their margins did not magically go up. They can't even ship many things, and they ship a ton of stuff from China. Amazon has been going down hill because half the shit listed on their website is just Chinese trash.

>>18588264
The more confirmed cases/antibodies the lower the death rate goes

NEW BREAD

>>18588313
>>18588313
>>18588313
>>18588313
>>18588313

>>18588297
anon are you for real?
How many people are shopping exclusively online right now? How many of them are realizing just how much they like the convenience of amazon? How many of them will convert to amazon and even just get subscriptions?

>>18588002
that's some big yikes cope, Reginald

>>18588292
>I'm assuming it already owns futures contracts for oil next month, several months away, etc? Could they keep the ETF going if they were 90% this week's contracts? Since most etfs usually say in their perspective that they keep 9X%+ invested in whatever the target investment is.
USO owned 25% of all WTI futures as of last week, meaning the massive dump to get the futures to clear was probably 100% USO
https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#7531afb324e8

>>18588279
Kek

>>18587680
Google it and read a few articles. You will soon find out that your taking a huge risk if this shit hits summer futures.

>>18588292
Is this the same as JPC?
Jeff Bezos allegedly came onto SMG and said he was buying everything.
Apparently each JPC stock is to be purchased for $500 or turned into an Amazon stock.
No need to sweat it.

>>18588275
To be fair, China is doing a lot better than 10's of millions of people dying during the 4 pests campaign during the communist part. Now if they could just give up the authoritarian part they'd be even better off than they currently are.

>>18588245

>>18587846
There was a company with a new glass or laminant IP you might want to look into. More or less a two-way mirror type situation.

>>18588191
If AMZN falls it takes everything else with it. It's one of a handfull of safehavens that retards are putting money into, and once it moves -10% they'll all panic sell 'cause it'll bring NDX and SPX with it.

>>18588249
A $100 put ($10,000) or a put you could buy for $100?
The cheapest put you could buy for $100 is at a strike of $2,040 which is nearly a 15% drop to break even. Its probably worthless, Id only guess a 10% drop at most.


>>18588325
You do know that literally everyone has an online store now? Amazon isn't the only place you can buy shit online anymore. Walmart, Target, Costco are all online too and you don't need a subscription. In fact, Amazon makes the biggest portion of its money from AWS now.

>>18586658
californians are not to be trusted, they are zealot leftists with an agenda

>>18588370
>give up the authoritarian part
that's the part that let them do the lockdowns and then force the younger and healthier back to work with new dividers between factory workers

>tfw dad unironically watches chick flicks on netflix

:(

>>18588428
>Amazon makes the biggest portion of its money from AWS now.
yeah that's a huge part of the bull thesis

I don't own AMZN because I was waiting for it to get back down to 1650... I blew it.
I do own some COST though!

>>18588445
>watching jewish media
why tho?

>>18588370
There's a reason these regimes always have a better on paper effect than reality.

>>18588464
It’s fun

who deleted new thread? Newer thread:

>>18588467

>>18588467

>>18588467

>>18588467

>>18588467

Bred lines form here
>>18588452
>>18588452
>>18588452

>>18588443
how's that working out for them?

>>18588464
He's a bit autismo

>>18588478
I messed up the title and performed sudoko
#sorrynotsorry

>>18586417
>Stock gaps below your stop the next morning

>>18588340
Essentially, this is one reason individual oil stocks not only didn't tank, but in a few cases like gas pro and Antero midstream, mooned big?