/biz/ - Business & Finance

TSLA LEADING THE MARKET

first for when does the drop come

>not crashing
BOOOORING

How long will the recession last?

WHO /CASH/ HERE

SITTING ON 75% CASH RIGHT NOW

>>18598228
2 or 3 days I think, definitely less than a week.

>>18598228
Its a depression not a recession

>>18598228
this is the last recession we'll ever have

If you own Halliburton
GET OUT NOW
I'm about to buy.
So it's going to drop HARD.

>>18598243
what are your plans?

>>18598228
3 WEEKS

i hope Net tanks down to 20 a share.

Tesla calls worth buying? Meme stocks are performing exceptionally well.

My airline stocks are going back up, better get in before it’s to late

cool crab market

There's A smg thread up with only 50 posts op you retard

>>18598249
Well then make that 4 days.

I JUST PANIC BUOGHT A SPY PUT FOR NOTHING FUCK THIS GREEN MARKET

When will you faggots learn that they won't let this crash? The economy has been frozen for a month and oil is a disaster, yet everything is going up. Play the market you have not the one that it should be

tesla at 24.6B revenue

if tesla was in line with ford GM etc at 150B revenue it would be worth $1300 stock

so 24.6B and almost priced at what it would be if it was ford sized.

>>18598255
I'm very confident that the March low will be hit again within 8 weeks.

Got limit orders set for oil majors right now (RDSB/XOM/CVX)

>>18598243
I sold out my 10% gain and sitting comfy watching this shit burn

>>18598228
sadly, the longer all this keeps up, probably a few years. 1-3 at the moment, 3-5 soon

OIL??

Bought sqqq at 13,69 I would gladly take profit at 18 to make up for my losses
But not gonna happen right?
Fed gon kill me right?

I hope you bought today's dip.

HOLY SHIT CRAMER JUST BLEW HIS BRAINS OUT ON TELEVISION

What do I set my buy limits at for RTX fellow chads?

>>18598398
$64, $63.50, $63, $62.50, $62
probably won't go lower

>>18598385
S

>>18598307
If tesla was in line with GM it'd be making 40 billion of loss annually.

I fully expect tesla to thrive in the future, but you are a retard just watching revenue.

>>18598228
There's going to be a vaccine made in about 1 year minimum, right? I think this will be the new norm.

>>18598373
SQQQ will close at 12.XX

>>18598385
Hey man, nice shot.

>>18598457
they've been trying to come up with a vaccine for coronavirus for decades
if they have one in 1 year it's because they either already had it or it's a fake

>>18598307
Smaller is less fragile.

>>18598311
>>18598352
So what's my best approach buying index funds?

Where's that retard that said I was retarded yesterday for getting on the put side of AMZN? This is the power of 400 IQ moves.

>>18598518
hold cash, wait for a vaccine then buy in, or do the dollar cost averaging meme

>>18598465

I hope the S&P don't turn green today. The lower it goes (or stays red), the more "shares" I bag with my $2000.00

>>18598489
Exactly my reasoning.

is iq option good for euyrope as a broker?
which broker should i use for europe?

>>18598533
to be perfectly fair he could have been calling you retarded for a myriad of reasons

yesterday was good i want another crash today. lets focus bobos on debt delinquencies

>>18598425
lol, 55 is perfectly reasonable

>>18598697
>Credit Acceptance Corp., the lender to car buyers with subprime credit scores, warned it’s seeing a sharp drop-off in payments as people shift their financial priorities to get through the coronavirus pandemic.

SQQQ will be at 15 soon! Woo!

>XOM almost green
This is fucking ridiculous

>>18598243
Same i have no fucking clue what to do

>>18598724
>10%
It would be good to know what the historical rate is to put this in context.

>>18598752
I know, XOM is fucking based

Vaccine or no vaccine, pure and simple they cannot keep this lock down going for much longer cause the economy would be even worse off. Think shits bad now, a few more months of this and you'll start to get food shortages cause lack of people at the processing plants, farmers, and truck drivers. Not to mention job loss out the ass the likes of which have not been seen since the 1930's. May 1st is when some states have it pegged to be back up and going full steam ahead. (Sucks for me, cause my "early retirement" will be over with soon). Keeping things locked down till a vaccine is created is a pipe dream.

>>18598195
/biz/ really needs to institute KYC and require a minimum of a 50K account to post. You guys are so fucking gay posting screenshots of your hundred dollar ETF gains.

I just went long on btc yolo

>>18598770
Probably like 1%, most people don't make habits of missing rent.

>>18598753
DCA into index funds, more aggressively during times when everyone is scared. Buy the dip, basically. Nobody really knows what is going to happen, can just try to pickup stuff on low days over time

Tourism states getting hit hard

Next are oil states, Texas, North Dakota, Pennsylvania

>>18598770
get off your ass and look up the info, get the bobos out in the thread

>determine trend by looking at moving averages and pivot points
>put a stop order to enter a trade 2-3 cents beyond the pivot in the direction of the trend
>a new high/low HAS to be created to stop me into the trade
>this causes the algos to push price more in that direction, and likely knocks out a basket of stop loss orders on people trying to call reversals too
>sell half my position at 1x the ATR, easy target, can do a little less than that even
>put in a 1x or maybe 1.5x the ATR trailing stop and let that bitch ride until it gets popped

holy fuck why is this so effective? the great thing about it is that once you sell half, you literally can't lose. it's so comfy sipping my coffee watching the trailing stop to see how far it goes, knowing i can only win.

share some fucking high probability setups you fucking fucks, let's help each other you fucking faggots.

What would be the best thing to invest in, in the next 2-4 weeks?

>>18598839
>In the tourism-dependent states of Nevada and Hawaii, loan impairments reached 16%.

>Among borrowers with pristine FICO credit scores above 740, impairment rates have tripled to 7.5%

>For borrowers with below-average credit scores below 650, they’ve reached nearly 20%.

ONLY 2 MONTHS OF LOCKDOWN

>>18598839
>tfw live in miami beach

someone explain why SDOW isn't mooning

Bahahaha XOM green.
Also VIX at 46 ooooo

>>18598898
ink and paper

>>18598920
Based miami beach anon, Aventura checking in, can confirm that my dad's tenants are not paying. Maybe 2 out of five paid rent, but these are lower income tenants.

back to normal

>>18598920
>>18598948
Brickell chad reporting

>>18598902
this is good. the system needs to change, people have been kicking the can down the road for decades. the only people who will burn are the ones who never prepared and lived paycheck to paycheck, both individuals and companies.

don't you see this is a reset button? after this corona shit is fixed, if you're young you will have SO many opportunities and cheapies in so many different things. cheap stocks, cheap housing, cheap oil, cheap credit. people who are smart and actually have money saved up can make a run on all of these people who fucked up, buy up their shit for pennies on the dollar. it's a boon to you if you're like that. this is opportunity, anon. profit off of other people being dumbasses who don't understand finance like you do.

>>18598902
Good. those faggots are just buying shit for rental purposes like airbnb anyway

yes some stocks may not drop or may even rise due to bailouts.

but they can't save them all, tons of people are being laid off and it gets worse everyday, then also consider towns, countries that are dependant on tourism, all the people who are not making income and aren't going out and buying things.

>>18598920
>analyst Bill Carcache of Nomura Instinet estimates COVID-19 write-offs to peak at between 5% and 7% of their total card portfolios, noting that at its worst in 2008, defaults remained below 10%.

>NET is mooning again

Everything is going to be okay.

>>18598920

Hi neighbore ... SHALOM Our mayor Gelbert sure is great .. i love how all the trolleys are full of infected homeless people and lincoln road has a fat homeless girl that washes herself in the fountain ...

>Literally broke REITs that I put a couple hundred $$$ into as potential moonshots up

>functional businesses down

Typical

>>18598986
true, after this shit has levelled out and is all over, it will be a solid baseline to go out and buy a house, start a business without the worry of a crash

robinhood is too laggy

How much NET should I buy? Is this really the stock that'll 10x in 5 years or so?

>>18598948
Hi! That's pretty scary. How can people have zero emergency fund? Two months without work and they stop paying rent?

I saw on NextDoor people talking about rent strikes and shit. I think half of this is people just looking for excuses not to pay.

>>18598982
Hi fren. How are you?

>>18599011
There are a lot of flakes here.

>>18599021
Yeah this place has gone to shit. My work is here though so I don't know where I'd really move and I can't take the cold weather anymore. The homeless are out of control and South Beach looks like a red light district again with all the homeless people and empty shops and $5 t shirt tourist shitholes. Not to mention entire dade county being a construction site. 395 is going to be a mess

>>18598986
yep, im looking for a home either in southern alabama by the rivers or in Tennessee mountains. 50k should get you a sweet place

Should i grab some gush?

What the fuck am I suppose to do with my UCO calls on fucking Robinhood? They still say 3.00 after the reverse split.

so how's trump oil bailout going to create a more storage space?

heh, nothin' personnel NYSE

>>18599085
Dump them

>>18598948
>>18598982
Broward chad (Davie) reporting, sup frens

* clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * cunny * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack * * clack *

>>18599035
exactly. when you stop being afraid and realize the opportunities that await you if you're young (like, probably under 40), it should completely change your perspective on current events. like i used to get mad about politics all the time because i knew all of this bad shit that was going on but was powerless to do anything to change it, but then i discovered the stock market and found that i could make a profit on politics instead. now instead of getting mad i just think of how i can profit from things, how predictable the market might be in reaction to it.

it's the old people who are fucked in this situation. the old trees will burn in the forest fire, reinvigorating the soil and allowing the young trees to grow and flourish when before they were stuck in the shade of the old trees.

Will bailing out shale not cost absolute fucktons of money?

JEROME
STOP
FUCKING
PUMPING
YOU ASSHOLE!!!!!!!

LET STOCKS GO TO THEIR FAIR VALUE YOU BITCH!!!!


FUUUUUUUUUUUUUUUUUUUUUCK

50% NET
50% SDOW

my anal cavity

>>18599094
SPR leasing

So what's the deal, is oil going to tank because of overproduction or soar because of government bailouts?

I'm sure SOMEONE here knows.

>>18599033
kek I saw NRZ is up somehow today

>>18598489
>vaccine for coronavirus for decades
There are different corona viruses you disingenuous faggot. CoV19 is completely different from SARs, or MERs

>>18599131
yes

>>18599116
Yeah, they will print money and buy bonds off oil company balance sheets.

Should I sell my STNG lads? Do you see it climbing more in the coming days?

>>18599131
Oil will tank, the stocks will soar. Haven't you learned anything yet?

>>18599079
what are taxes like there? i want an underground bunker some day in case this shit ever happens again, so i have a place to go in case shit really hits the fan. nothing particularly fancy i just feel like a normal house could still get raided by roaming nignogs. if shit really goes down i want to hopefully not be able to be found easily, be protected and have a stock of all sorts of supplies, at least 10 years worth of supplies. idk how much that'll end up costing though i haven't done the math, but when things get back to normal (or even now, as im day trading and building wealth during lockdown), that's my goal ultimately. the nice thing is even without shit going down i can still vacation there in my bunker in the mountains or forest.

Somebody posted this guy yesterday and I have been binging all his videos

https://www.youtube.com/watch?v=8LSht9E7WTs

>>18599131
Oil companies are long term holds

USO/UCO ETFs are going to zero because June WTI futures are going to go below $0 before the rollover

>>18599055
>What does speculation have to do with anything when storage is capped out?
Okay, so will you be so kind as to explain why for a whole month prior already you can buy a barrel of oil yourself for 2-5 dollars while the speculative price was over 20? You have to be retarded to think reality applies here anymore. Plus everyone is expecting more government intervention, Trump will probably start buying oil for the national reserves soon and price will go through the roof. Plus production cuts kicking off next month. Plus the economy is reopening. Shit will go up.

>>18599116
Of course it will. But there is infinite money so whatever.

>>18598195
ehm...guys??? Should i sell? I have rebought at 2800+ SPY...am i fucked??

>>18599164
>sell before earnings call when record earnings expected
Why would you sell before earnings?

>August 2009

>The credit card charge-off rate fell to 10.52 percent in July — the first decline since September 2008. And the delinquency rate dropped to 5.73 percent — the lowest this year.

>Credit card charge-offs are balances that are written off as uncollectable. A delinquency marks when a credit card payment is more than 30 days past due.

>This positive news could signal an end to the massive credit card losses experienced by issuers in 2009......

>>18599109
Based clack chad

>>18599153
i know, retard. i wasn't being disingenuous i was being the opposite. it's disingenuous to assert that developing a vaccine for "coronavirus" is specific to this and could somehow be done in a year when no other coronavirus has been vaccinated at all

faggot

>>18599182
I have $283 SPY Calls expiring 4/29.....I am absolutely fucked.

bros im all in SDOW its gonna crash right?

>>18599182
>he sold?
>pump eet

>>18599119
JEROME
START
FUCKING
PUMPING
YOU ASSHOLE!!!!!!!!

FIND A NEW FUCKING JOB IF YOU CAN'T PROP THIS SHIT MARKET UP

FUUUUUUUUUUUUUUUUCK

If you don't get puts on USO you are leaving money on the table.

>>18599168
Well southern alabama can sustain Citrus and lemons, while Tennessee would have trouble in the winter. the north is more beautiful though, thick woods in the mountains, the south is flat. Fuck I prefer the north, I'll prob get genetically modified citrus trees that dont freeze in the winter.

>>18599198

I’m not paying any of my credit cards debits that are in collection right now. However I am paying my monthly statements on my current card

AMD CHEAPIES ALERT

UNGROUNDED DOOMP HAPPENED

SNATCH THEM UP BEFORE IT SKYROCKETS TO 58 AGAIN

I've got 500 bucks and I need to get in on this wild ride. what do

>>18599170
THANK YOU. i normally just trade based on technicals and price action but i've been wanting to get more into the fundamental analysis side of things. if you say it's good i'll check it out. none of this probably matters as we're currently in clown world for at least a year, but still.

Biscayne Miami C H AD reporting for duty

>>18599250

Every time a debt collector calls me during this lockdown I give them the biggest guilt trip

ISN'T THE PPP DEAL SUPPOSED TO PUMP THE MARKET????? WTF WHY ISN'T IT PUMPING????

>>18599206
Thats not what you said you autistic faggot, try typing what you actually mean instead of some schizo half info jargon. That or close this tab and reenter the reddit one. Kill yourself.

>>18598986
careful, you might get inflated on
read the link in the OP to find out more

>>18598823
Pretty much what I’ve been doing plus a little short term gambling on the side. Thanks.

Give me a good penny stock I can dump 80 dollars in

>>18598752
Priced in

>>18599282
This is the pump.

How does trump even plan to bailout shale?
Buy their debt?
Keep paying them millions a day to produce nothing?

>>18599131
yes, oil is going to tank-ers
hehehehe

>>18599302
REFR

>>18599302
DOC, IPA, GAME

Id lean more towards DOC if only one.

>>18599309
Don't worry about it

>>18599283
why is it called COVID-19 you hubristic cocksucker?

>>18598802
Well that just isn't true. most leases end because the tenant just stops paying rent and gets kicked out - no getting kicked out this time though.

>>18599302
Buy 5 shares of TMDX today for $80. Sell them for $415 in 2021.

>>18599171

Someone get me Donald Trumps phone number because I have found the ONLY solution to our crisis;

Get oil usage to an all time high in May.

How?

Force people to drive and fly long distance.

How?

A $2000 government handout that you are FORCED to physically come pick up on the OPPOSITE side of the country.

Fucking brilliant mates.

and here. we. go!

depression starts now.

Maybe we should acknowledge that allowing speculation in something essential for life like real estate creates retarded, YUGE bubbles every so often and things like corona-chan pop them.

I have a bunch of USO. I've got the "barrel" of the shotgun in my mouth (haha, get it? barrel?)

Do I sell now before it drops below 3$ or hold? is this shit actually going to 0, getting delisted?

>>18599316
>OP asks for penny stock
>stocks under a dollar
>posts stock worth 2.50

anon, how do I short you?

should i sell my 18.50 sqqq bags

>>18599294
i doubt it. i trust in the US military's power to make sure we are always the world reserve currency and inflation is meaningless. worst case scenario i'd assume since i read financial news all the time i'd be at least a bit ahead of the curve enough to move my money into a different currency. maybe it's time to start looking at USD-based forex shit on a regular basis? at least the daily time frame.

>>18599376
by definition a penny stock is sub 100M market cap

>>18599250
Took out an interest free credit card last week even though I've unemployed for 4 months. Can get another one, might do. Haven't paid a hospital bill in 3 months aswell. Give them hell, make Trump BRRRRRRRR us out, say you too scared to go outside cause coronavirus turns you to a nigger and you aint gonna leave the house till august

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN

updated DEW 2020 to v1.2. added NEE as a new position

Was this chart updated? I'd like to see how we are now

>>18599182
>>18599214
>>18599233
Ok fuck this. I will sell my shit.

>>18599339
but it's going to cost potentially tens of billions and i don't understand how it's possible to support an industry like this for potentially a year

>>18599379
Calls or stocks?

Why would you sell now that it’s finally coming back up?

So should i hold out on buying GUSH for another drop or just buy in now?

>>18599302
VMUK or CINE for holds. When everything reopens and people start travelling/going to the movies again they’ll moon.

i may be in the red today but ill go green in a week.....

>>18599391
those were the faces they made when they were told that they were black now

>>18599389
yes, that is one part of the definition, the other part (more importantly) is the cost. Does it cost pennies? If not, its not a penny stock.

Did you colour outside the lines as a kid? Derp

>>18599363

It's huckstering. Simple as that.

Usury should have been made illegal a long time ago.

OH WAIT IT WAS

>>18599389
>>18599376

lol a penny stock is a stock that has a value of less than $5 per share,

WHY THE FUCK IS NET DUMPING!!!!!!

Special shout out to my boy Jeff for getting this piece of shit so bubbled and over valued I was able to take the profits from some one else.

>>18599393
i dont think ive ever seen a more BASED portfolio

>>18598935
I literally hate ETF retards who quote Warren Buffet all the time like they think they're geniuses

>>18599421
thanks investopedia

>tfw got liquidated today and lost over 75% of the entire wealth

it's over for me, but if God exists I want him to crash this market with no survivors. I want red candles to burn with the hellfire and I want all bag holders and monetary faggots like J-Pow to be melted by the immense power of the heat.

Burn everything. Kill everything. I want S&P under 1500

GOD SPEED

WHY IS NFLX DUMPING
WHAT THE FUCKKKKKKKKKKKK

>>18599400
stocks. i don't know what to do in this clown market anymore

>>18598584
Fuck yes please go back to the 30 days PLEASE PLEASE YOU FUCKING KIKE GOD ALLOW ME TO WIN FOR ONCE

>that AMD and NET

N-nani?!

>>18599445
I'm sorry fren... but now that you're all caught up you can start over.

>Bernie would have nationalized oil "to protect consumers"
>orange Bernie is going to nationalize oil "to protect the industry"
The overton window is moving at LIGHTNING speed.

>>18599445
Don't worry, corona-chan has not been appeased. Governor Kemp in Georgia knows this and has lifted restrictions. She needs more blood.

Reminder: I dont even want to be that rich, I just want 2million dollars so i can live my life meagerly in the countryside

>>18599423
>he didnt sell when it was on its all time high

>>18599445
what did you do?
futures?

Jesus everything is drilling hard.

OK SO WHY THE FUCK IS SPY DUMPING?????

>>18599454
Early morning reactions, same reason AMD stock is sinking like crazy today.
Loan your power to Trump and Jerome so that they can BRRRR us out.

Well it’s over boys.

Could we see a Black Tuesday? Could we indeed B L A C K all five days of the work week? We would only have Wednesday and Friday to go.

huh, the market was leverage long all the tech names, who woulda thunk

>>18599488
Because it's actually pricing in.

This is it, how it's gonna be for the next few months. Down 3% every day until we're at 100 SPY and a 10k DOW. Fed has no ammo left and Mnuchin has no ammo left.

>tesla dumping
Okay, now this might be a big red day.

>>18599432
I've just been buying and selling 2340p all morning because the bid/ask spread on these are fucked lmao.

i am going to short sell about $200k now in many ndx stocks just to cause some tiny bit more panic

uhh should INVEST in this stonkkk?????

>t. grillll

JUST ONE MORE PERCENT PLEASE

Green by the end of the day

Suck dick bears

literally the best feeling. Buy puts before its too late

>>18599506
>Fed has no ammo left
Negative interest rates.
Direct buying of equities.
Direct buying of home loans.

>>18599393
>>18599436

Bros... My short are green, I'm ready

>>18599437
Buffet's advice isn't bad, it's just that this guy is a moron buying something he doesn't know anything about.

>VIX up 8%
>10Y down -10% to 0.55
>SPY creeping down to -2.5%

>>18599483
yep

stonks and oil fucked me overnight

>>18599473
let's hope that this is the truth

>>18599468
maybe

>>18598774
Millions more are going to die because of this. Potentially people you know and love.

>>18599532
>he bought the top

>>18599350
Why is it called that? Because the sucks off china and did not want to reffer to it as the Chink flu or WhuFlu.
Why are you so goddamn low iq? Are you the LCI druggie?

>no ERX
its -90% from year start
BUY BUY BUY

>>18599534
>Negative interest rates.
Ah, the Forbidden Technique

Nasdaq is now a shitcoin because its entirely tied into Tesla, the original tech shitcoin

LOL where's that faggot scoops trip? He's down 60% from ATHs

>>18599542
That's kind what I'm trying to say. Whenever they do dumb shit they quote Warren Buffet.

>>18599556
yeah but I'm gonna make $300 on shorts

>>18599556
Not all of us live in Africa, anon.

>Spy goes down
>Get the all familiar FOMO to buy a put
>But this time I've been trained to be patient and wait, set a limit buy that I adjust as the price goes down and wait.

>>18599464
>AMD down 7%
>NET 10%

Yeap, this is it, I feel it.

>>18599506
The Fed has infinite ammo.

>>18599532
This. Trump's tweet will cause EOD rally and/or AH to shoot up beyond belief. Bears, get out today. You have been warned.

Just liquidated everything that wasn't a put.

>>18599171
is getting puts on these a cheat code?

Cant believe I got out of WORK calls with a profit this morning. Is it taking an absolute shit now

>>18599588

Oh fuck. Circuit breakers inbound

Why is MSFT dropping so hard?
I bought in at 177, fuck

>>18599445
Sorry to hear that anon. Have you tried purchasing GUALT, SNSS, or LCI?

This is the part in Plague Inc where you start killing off the countries with all the vaccine researchers.

HELLFIRE

IT'S HAPPENING

THANK YOU GOD

>>18599178
>Okay, so will you be so kind as to explain why for a whole month prior already you can buy a barrel of oil yourself for 2-5 dollars while the speculative price was over 20?
Are you talking about contracts? May expired today and nobody wanted the shit so they were paying people to buy their bags.
>Trump will probably start buying oil for the national reserves soon
They're full. Already bought the oil and the reserves are full with 40 Million barrels.
>You have to be retarded to think reality applies here anymore.
We're talking about an actual commodity that needs to be used not a speculative asset.
>Shit will go up
Eventually but you'll probably liquidated before that happens. June, July possibly August contracts are fucked. They have so much oil right now they've run out of space to hold it.

OOOOOOOOO

BULL BROS WE GOT TOOO COCKY!!!!!

CUOMO IS ABOUT TO TANK THE MARKET

>>18599600
I think the only time a trump pump lasted more than 5 minutes was oil and that was just speculators that got absolutely fucked yesterday

lol just bought RTX at $63.50 then the market crash begins

>>18599593
It's not it until Amazon and Tesla also crash again.

Why is tech taking a beating today? People finally realizing it's too high? Earnings coming up?

>>18599627
Thats a cute dragon

>nasdaq leading the plunge
all that oversold tech bullshit will be the first to fall

>>18599534
>>18599600
>muh fed
Oh wow look how well it's working lmao

>>18599654
It's the last sector not pumped by fed

>>18599640
Trump pumps were good during the early months of corona. Now not so much.

>>18599646
Tesla's a funny one because an oil crash should intuitively be green energy's time to shine but fewer people will buy an electric car when oil is dirt cheap.

We will hit circuit breakers

>>18599494
WHAT EXPRIATION OF USO PUTS ARE YOU GUYS BUYING? 4/24 IS CHEAP AS FUCK BUT KIND OF RISKY FOR MY TASTES

>>18599645
If you are unironically buying RTX, I would hope you plan to keep it a while. Long term I could see it being a good buy, but, people trying to judge what it is going to do in the next few weeks are just pure gambling.

>>18599664
Yup. I knew this shit was coming. Tech had become wayyyyyy overbought.

>>18599654

Well I was saying for weeks it would be the last April earnings glut that triggers the next dump so I'd be happy to feel validated and exit my puts

>>18599654
Overpriced as fuck.

>>18599662
It's a child. Weebs are retarded.

I want to congratulate the bears.

You won

This is it. I lived to see the greatest crisis of our lifetimes and it doesn't hurt me anymore.

I can die in peace now.

Say my name Mumu. SAY IT!

>>18599654
Ticker: P/E
TSLA -
Uber -
Lyft -
Zoom 1662
AMD 177

Lean hog futures are up. post pig anime grills

Please God let me have some gains

>>18599623
>Water supply terrorism involves intentional sabotage to a water supply system, through chemical or biological warfare or infrastructural sabotage. Throughout military history and the history of terrorism, water supply attacks have been perpetrated by political groups, intending to scare, cause death, or drought.

>>18599645
Nothing personal

>>18599687
dont fuck with those trash oil etfs

there is little wiggle room

>tfw didn't go all in on TVIX and only mostly all in
>tfw 13.08% return today instead of 20%

we got too cocky bobos

>>18599707
BOBO HELP!!!!

JK FUCK BULLS

ERX + UVXY good are going green

>>18599701
Dude you can choose almost any point from now till about next month to buy and hold, and after we develop a vaccine and the markets recover you can profit.

>>18599689
It's definitely a long term buy. Have been wanting to buy for months and just couldn't take watching it anymore.

Feels like I’m getting fisted in the ass by the crab

>sold late february before it bottomed
>bought dip in march
>now exited completely with positive for this year
>100% cash right now
yeah fuck it, it's all fucked this year.

>tech crashing
>retail crashing
>housing crashing
>semis down
>oil down
>KOke unfazed
I'm all in on May/June puts now.

>tfw made back all my losses + HUGE profit in 2 days

lmao. It PAYS to be a bear

>>18599724
could have made 900% today when timed correct, exited a tad late, 500% now

>zey are zelling zeir pozitionz
>good, see to it

so why would russia and saudi keep their part of the deal if the USA going to bail shale corp?

Ok when do I sell?

>AMC at +1%
AN UNSHAKABLE STORE OF WEALTH

A CIRCUIT BREAKER JUST FLEW OVER MY HOUSE

SELL SELL SELL

$1.5 million TSLA put order

>>18599763
US institutes price controls then we become an antagonist of OPEC with 1 member.
War with Venezuela is our "out".

>>18599768
dont be greedy

>>18599763
>implying anyone was keeping their part in the first place

>be me
>getting irate that the stocks I want aren't staying down
>one nearly back to previous highs
>other pumping with no reason beside reddit normies
>finally cave
>stock flatlines
>drops hard
>down more than 7.5% in less than 2 weeks

Aaaaaaaaaaa

>>18599768
i dont know id sell asap its not good to bet against amazon for too long dont get cocky take your win and gtfo

I don't even know what a put is but I bought a $3 USO put expiring 5/15 did i do good?

>>18599753
TVIX isn't fucked by contango which is amazing. We might actually hit $800-900 again. (maybe)

>>18599768
sell it now you fucking moron don't be stupid jesus. lock in gains

>>18599693
It's an actual choragon

>>18599768
Which app is this?

>>18599768
Very nice. Hold till amzn declares bankruptcy later today. Jk sell now.

What’s this pattern called, /biz/?

what happen when the USA has no more space to store oil, will they keep paying oil company million to produce nothing?

Bought a few shares of NET on the dip. Hey, if it does very good over the next 10 or so years all the better for me, if it don't oh well it was only $100.00

>>18599806
Grindr

how can you justify paying no taxes making billions in profits every year and then when shit hits the fan you need a bailout. maybe we should tax them to begin with.

Hey the AMD mumu retard from yesterday who I told to sell, how does my shit taste faggot?

Circuit breaker all but guaranteed I think

>tech is now more volatile than oil
All these bubbles and again people inflated a new tech bubble

>>18599768
I see you make terrible play after terrible play. Hold this one though at least till the end of the week.

My fucking DPZ calls are ruined. I should have sold when it jumped up this morning.

bros..i am coofing
i was at the store yesterday

>>18599768
wow I'm jealous. Congrats. My goal is to hit 5k after this is all over and you already got it.

Finally took the SQQQ pill, boys.

>>18599820
it's called peak neoliberalism

>>18599632
The context for the situation was contracts for Crude oil and USO. USO deals with contracts. USO already sold their May contracts well before the catastrophe, and the only real way for it to die is if June contracts go negative by early May. I will take that bet because there will be unprecedented action to save the oil industry as a whole. We can always buy more and make more reserves, and desu in case the worst does happen I got plenty of tanker stock as a bit of a hedge just in case. But the actual price of the commodity does not matter to a company that trades and deals with the speculative price. Actual price will go up because our government won't let it fail, and speculative price will hold afloat because people think this is true even if it isn't.

>>18599445
I have SPY200 puts expiering in September. Bought when IV was at ATH Fuck me.

>>18599806
Welcome to /smg/
I see it's your first time here so may I direct your attention to the Applications advised for beginning trading:
https://pastebin.com/F1yujtVq
In it you will find this app: Robinhood.
It has a checkered history and you are generally advised to use td ameritrades think or swim application instead.

>>18599838
should have gotten TVIX NIGGAAAAAAAAAAAAAAAAA

>>18599813
Yes like much of farming in the US these days
But it isn't socialism, shhhhhhhhhhhhhhh

AMD puts is the most comfiest buy of all the time. The definition of overpriced company with trash fundamentals.

>>18599244
They will be sold for 0.01 once the ETF is liquidated. Do not buy puts on them lmao.

>>18599734
You'll rarely buy the absolute bottom. Now you hold the bag and forget about it basically. I think it will make you some money.

>>18599838
welcum to the bagholders club buddy

any one has experience with etoro?
i wanna go from btc to stocks, couldn't find any other platform that does that

>>18599867
If they are sold at 0.01 when its liquidated, put holders can buy them over the counter and are still allowed to execute their puts. You literally become a millionaire if that happens.

>>18599302
MNKD

>>18599884
Just sell your btc and then move the assets into thinkorswim.

>>18599859
not too late
i just took some off the table gonna reload later

>>18599867
That's literally perfect for putholders. Pink label market is the best case scenario.

Buy GLOG you stupid cunts

>>18599838
Completely retarded.

XOM is losing steam bros

NFLX DOWN -5% FUUUUUUUUUUUUUUCKK

BULLKEKS, WE GOT TOO COCKY

We've completely blown past Mars and Jupiter!!!!! Look at this shit. It's fucking incredible.

BOBOS WE MADE IT

SEE YOU AT THE TOOOOP

AAAAAAAAAAAAAAAAAAAaaaaaaᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃᵃ

>>18599865
That is most tech though. It isn't even the biggest offender.

Bros
the bears....
they're kicking my ass right now

>>18599920
kek tesla down 7%, very based

>>18599847
>I will take that bet because there will be unprecedented action to save the oil industry as a whole.
Okay and how will that convince players to buy more oil and pump the price?
>We can always buy more and make more reserves
Not in the space of a month. Reserves don't grow on trees.
>I got plenty of tanker stock as a bit of a hedge just in case
Good. You should just sit on them and enjoy your gains instead of speculating on USO until shit gets back to normal.
>Actual price will go up because our government won't let it fail, and speculative price will hold afloat because people think this is true even if it isn't.
Outside of drone striking SA or starting a war, the US government is powerless to prop up the price of oil.

WHY DID I HAVE TO TRY TO PLAY THE MARKETS? WHY COULDNT I JUST LEAVE MY MONEY IN THE BANK?

>>18599920
check the red candles
one of those were me lol

>it's likely the July 2020 contracts for oil will go below $20

DHT IS MY ONLY GREEN
WHAT THE FUCKKKKKKKK
THEY'RE KILLING ME

>was about to put $2000 in my robinhood account to begin trading like a big boy
>market shits itself
>glad I didn't

But seriously, I-I'm gonna be able to take advantage of this downturn, right bros?

>>18598228
three fiddy

>>18598195
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
*inhales*
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>18599960
Why are you not all in on SQQQ/SPXS/SDOW/puts?

ugh incels im bored............

BOBOS

THIS IS IT

AAAAAAAAAAAAAAAAAAAAAAAAAAA

>>18599930
Cringe

hey bros is Kim Jong Un dying bullish?

tesla btfo

I'M KILLING MYSELF HAHAHAHAA

>>18599960
>SQQQ

You can buy stuff thats inverses also. So you can make money if the markets shitting itself or if it’s doing well

>ERX
>UVXY
>TVIX

strapped in

>>18599960
just get approved for options and margins and you can sit at the cool kids table

>>18599990
quints says he lives

>>18599974
Lack of understanding how to do it, really.

Care to enlighten me?

>>18599987
I don't care. my account is making wild cash

>>18599859
just buy a few and set the stop loss like $5 back. worst case you lose $15, best case we hit circuit breakers and triple our money.

>>18600000

Watching the stock market today, it's like someone kicked the chair out from under it.

>>18599950
IM SO FUCKING GLAD I SOLD MY CALL @740 AT 10 AM

>>18599913
t. delusional bull

Lmao

>>18599974
It’ll rebound by the end of the week and we’ll be back to bears crying about a clown market

>>18600000
What a waste of quints

>>18599948
>he bought the top

>>18599994
No you have so much to live for

God I love the market right now.

>>18600001
Big win for America

>>18599997
SPXS & TVIX here

kinda regret not just going all TVIX.

>>18600000
Oh shit my first quints
Guess I should invest that money huh?

>>18600000
with those digits, go all in

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>18600000
Wasted quints.

>>18600015
Sell out before things rebound. Tomorrow we should rebound because of the bill passing, but maybe nobody even cares anymore.

BULLBROS WE GOT TOO COCKY!!!

>>18600033
>33

>>18599960
>was about to put $2000 in my robinhood account
You still should, this might be the final dip before meltdown. You have to be ready for the rebound

>>18600015
>Not buying SQQQ
>Not selling SQQQ before EOW
It’s like you don’t want to make money

Cheapies here we come. Who thinks we'll find a new low here soon?

>>18600000
Stocks like SQQQ and SDOW are shorts on nasdaq and the Dow Jones, meaning if those two markets go down, the stock rises.

I would stay away from puts until you’re more familiar with the market

>>18599908
GLOP here, get back to work

>>18600044
>44

>>18600015
>He didn’t listen

>>18600000
>>18600028
Invest in a noose for those wasted digits

>>18599946
You're so incorrect its laughable ha ha ha

>>18600052
100% absolutely not testing march 20th again. that is not possible that shit was a super fire selloff. nowadays nobody cares about anything covid 19 related anymore.

Q:What's the best team in chicago?
A: https://www.youtube.com/watch?v=YAjaVXUYrwE

WE'RE GOING BACK UP

>>18600028
leave and never come back

>>18600054
Alright well I just deposited $1000, guess I'll just buy SQQQ and SDOW?

Or should I just buy some calls for EoW?

Fun isnt something one considers when balancing the universe...

>>18600063
bobo for kek

>>18599962
based

RTX 63.11
AHHHHHHHHHHHHHHHHH

>TSLA's disgusting bubble is finally popping

If 272 breaks then freefall to 200

>>18600079
It's not covid that's killing the market, it's the unemployment and collapse of consumer confidence so people won't be spending money. Once a second wave comes up people are going to get scared as fuck and things tank even further. Plus oil is going to shit.

I remember some anons went all in on calls last week in preparation for monday

I wonder if they ended themselves yet

Best thing is to just say fuck this shat and let the market do whatever, it'll rebound anyway so fuck it, place your buy limit orders and do other shat for the next few months. That's what I'm doing. Got my orders placed so fuck it.

>>18600001
Off by juan

>>18600079
100% absolutely retarded. The bottom was not found after a month, this is a bear market not a correction. When the underlying economy is fucked, that's when you see a protracted downturn.

>>18599537
i love that man

>>18600107
i was talking about covid related stuff which includes all the things you just said. nobody wont gives a shit about any of this.

>>18600098
NO NO NONONONO NO NO NONONONO NO NO NONONONO NO NO NONONONO NONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONONO

>>18600112
They're martyrs

TSLA RECOVERY

remember bro's not losing money is just as important as making money. If you are wanting to short now it is too late, sit on your hands and wait till a good buying opportunity or another chance to short.

>>18599946
>Okay and how will that convince players to buy more oil and pump the price?
Security. This market is in chaos, and if players see nonstop heavy government intervention of the "too big to fail" type of play then they will consider it secure and invest in it. Why do you think tech was flying? Because people thought it was least affected by earnings with the most chance of surviving. Same with retailers for a good 2 weeks, Fed bought junk bonds. Oil pandering is necessary to secure votes if not for the sake of the economy alone, so:
>Not in the space of a month. Reserves don't grow on trees.
It can be done and a likely solution is "temporary" storage. Zoning is a thing, but no one will question the government.
>Good. You should just sit on them and enjoy your gains instead of speculating on USO until shit gets back to normal.
The potential for profit is too big to pass up, and USO is "safe" unless speculative price falls negative before the end of May. As long as USO survives, shares will eventually turn profit. I doubt very strongly that we will see June contracts for oil trading negative before they have to by the very end if they have to, it would kill all trading and the traders aren't that stupid. That said, still doubling down on FRO too.
>Outside of drone striking SA or starting a war, the US government is powerless to prop up the price of oil.
This is possible. But another option you are overlooking is cold war with China by increasing our presence in the South China seas to push them back as a form of pressure with the virus fiasco. Evidence in emails have come out they made this for sure, diplomatic tension will increase which will make oil speculation if not actual crude price increase.

>>18600073
This is a weird and trying time where there are multiple lines of logic and also "clown world" logic, he isn't wrong it is just there are other views too. I'm a newfag investor, but I try to be rational. Which has made me lose recently.

>>18600124
okay man whatever you say.

I like how tesla is a textbook bubble chart. I'd short them but I don't know how to do options yet

>>18600000
Very much Large true

Guys it's okay. Buy at the top, sell at the low. I'm selling now, so you should be seeing some gains soon.

>>18599393
So what should I buy rn? Looking to both a) play with options b) buy something that is down hugely rn but will regain value massively and can be held patiently

>>18600140
Not today!

>>18599847
Bahhahhahaahah
>Buying USO
Fucking idiot, learn about contango, they are forced to buy high and sell low,
https://www.investopedia.com/articles/markets/081116/uso-good-way-invest-oil-uso.asp

Holy fuck fuck off newfag, giving advice on shit you have no idea about. And an anime poster. Fuck off to /a/

As happy a bear I am I also know we're going to get an interminable number of Marxists coming here yelling SEEEE?

>>18600086
Here’s the thing about options. They are extremely risky when you buy them short term and with little knowledge of the asset you’re trading. Buying April 24 calls for a stock you just heard of today is an easy way to lose all of your money immediately. Unlike stock which almost never goes down to $0, options are worthless if they don’t meet the strike price, meaning if you’re wrong, all of your money is gone.

If you think the market will go down, just invest some money in SQQQ and SDOW and try to make gains before a reversal. That way if you’re wrong you’ll only lose like 15%

https://www.youtube.com/watch?v=3eNK38nmzw4

Thread theme

>>18600162
>this anon
JUST

Hey bulls

FUCK YOU

Oh look, the schizophrenic market suddenly realizes tech stocks are overvalued at the beginning of earnings season.

>>18600177
Just unleash the /pol/ fags at them again.

>>18600157
Pick the put that's dated about a month out and have the strike price that's 1 lower than the current price. Sell when you're comfortable with profit. It's not a rocket science.

>>18600186
Stock market theme
https://youtu.be/ZZCt92zLmLI

>>18600195
b-b-but elon-sama is tony stark :( :(

where is this retarded BVLL poster when we need him?

new thread

>>18599847
>USO
lol

>>18599798
No, it's a little girl you dumb pedo.

NEW THREAD
>>18600222
>>18600222

>>18600191

>>18600184
Thank you for the clear advice anon. Hoping to learn about options but you are correct, I should just play it safe until I am ready.

>>18600191
It's a minor pullback. The bull run isn't close to over

>>18600086
I’d recommend for options for 5/1 gives you more time to sell except you do have to pay a little more. I personally don’t do week of options anymore because if it goes sideways by Friday you’re fucked. At least two week contracts it’s still a short term position but you can sell the contract on Monday still.

>>18600184
>Unlike stock which almost never goes down to $0, options are worthless if they don’t meet the strike price, meaning if you’re wrong, all of your money is gone.
Why do people always say this shit? Options gain plenty of value before their strike price hits. Then you fucking sell them to someone else and it isn't your problem if they hit the strike or not.

>>18600230
m8 is is that hard to copy paste the OP and change the previous thread?

>>18600225
Based, it's like a fucking honey trap for retail newfags. ooooo oil down -300% BTFD. Ohhh oil rebounding? Why am I still -80% on my USO???

>>18600225
i am retail and i still hate retail. luckin coffee is another good example of retards buying garabage HOW MUCH LOWER CAN IT GO? Zero retard.

>>18600230
Lol, seriously? Just delete it and put SMG in it.

NEVER BET AGAINST TRUMP
PUMP INCOMING!!!!

>>18600248
Yes, but you’re buying options that expire in 4 days, and with natural decay compounded with being wrong about the direction you rapidly lose money, and if you’re a degenerate gambler like most option traders are you’ll hold it

>>18600307
it's gonna be for domestic oil r-right?

new
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>>18600210
Why are they down 30%. I don't get it

>>18600144
no

>>18600144
Now is exactly the time to short. 50% retracement of first leg down completed, ready for the next wave down which imo will be way bigger