Has anyone bought GT?

IrishTxAggie said:

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59 South said:

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Not a convincing rebound at all today. 2600s probably coming pretty soon with this action.

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I wish the market would just rip the ****ing band aid off already and get it over with. Tired of just sitting on the sidelines

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Yep, I was hoping for a bright red open today to make entries. This inside action is just delaying the inevitable and making the eventual lows lower. I agree with clay this time.

TDOC

at this point how can we avoid recession, it seems the only question is how long and how severe?

Global demand was already waning and now huge chunks of population are closed for business.

Travel is about 1/2 normal volume so hotel, cruise, and airline revenue will be crushed. That will also bring restaurant and entertainment down. Large conventions are being canceled everywhere.

Oil pricing will benefit a few, but will cause big problems and potential mass layoffs within "big oil" further impacting general population's psyche

I hope I'm very wrong....

Nope, pretty spot on.

Farmer @ Johnsongrass, TX said:

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Aggiesincebirth said:

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Oil is the thing driving this market now. If we have a recession it will be due to oil prices.

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My Chevy 454 at 9.75 mpg likes the idea of cheap gas.

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LOL! I like you even more... my next ride is an older V8 truck.

I've seen 3 circuit breakers on indvidual stocks today, and after resumption they ALL spiked up.

Farmer @ Johnsongrass, TX said:

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Aggiesincebirth said:

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Oil is the thing driving this market now. If we have a recession it will be due to oil prices.

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My Chevy 454 at 9.75 mpg likes the idea of cheap gas.

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If the market goes in the crapper you probably won't be saying the same.

BREAKING: Occidental Petroleum cutting dividend to $0.11 from $0.79/share, will reduce 2020 capital spending, and implement other cost reductions. $OXY shares are halted for news pending.

Opening my accounts today...

https://imgur.com/qdcYJF9

The bulls came back from lunch I see.

Cromagnum said:

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The bulls came back from lunch I see.

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Seems to be the trend after a circuit breaker.

You're welcome everyone. I sold a SPY call this morning as it was dropping.

What's the long term prognosis on SDC? Bag holder checking in.

I'm expecting a triple.

It came from Bespoke. I figured that was a trustful source. In this statement, they were just commenting on other times like this based on the 5%+ drop.

It sounds like you are looking at other factors in addition to the above to form your opinion.

I have no clue, but wanted to put out to everyone what I am reading to help make a profitable decision.

claym711 said:

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Again, the only analogies to current market action in the past 13 years are 2008-2009, and some 2011. Volume and price action is signaling that the market expects a recession.

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Aren't there any similarities with end of 2018? or have we passed those?

Everyone loved SDC at $7. Now it's at $6.75 and holding.........are we thinking people aren't worried about their teeth with virus' floating around?

McInnis 03 said:

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Everyone loved SDC at $7. Now it's at $6.75 and holding.........are we thinking people aren't worried about their teeth with virus' floating around?

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Could be competing buying opportunities - that those same folks still love it at $7 and love it even more at $6.75 on a 4% discount, but are even more in love with discounts they see on other companies.

Chipotlemonger said:

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What's the long term prognosis on SDC? Bag holder checking in.

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best of luck... the powers that be that were shorting it have nothing in their way. I've not seen anything look that manipulated since OSTK. Just my opinion. Put a stop in or sell covered calls, protect your $.

Just the messenger. Did it for the banks, the auto industry, and the farmers... It's O&G's turn

Article from WAPO:
https://www.washingtonpost.com/business/2020/03/10/trump-oil-bailout/

Mixed feelings on this (for personal reasons). Is energy too big to fail? Or more specifically, is energy debt too big to fail?

Let's play a quick game.

Here's my assumptions for the game:
Covid-19 cases go exponential quantity in the USA in the next 2-3 weeks
Great Britain, France, and Germany exhibit an entry into Covid-19 cases in same time frame, with an Italy-like situation in 4-6 weeks.

What's your play in the market in the 6 week time frame? You going bearish STILL on air/cruise and any travel (maybe lodging) plays? Is there another area you think could be better off to garner success here?

Yeah understood, this just seems like a much more pure free market supply/demand scenario than the others. It's best in the long run if we let the domestic market become more efficient.

McInnis 03 said:

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Let's play a quick game.

Here's my assumptions for the game:
Covid-19 cases go exponential quantity in the USA in the next 2-3 weeks
Great Britain, France, and Germany exhibit an entry into Covid-19 cases in same time frame, with an Italy-like situation in 4-6 weeks.

What's your play in the market in the 6 week time frame? You going bearish STILL on air/cruise and any travel (maybe lodging) plays? Is there another area you think could be better off to garner success here?

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SIX, DIS, and SEAS. Amusement parks and casinos further decline

Trump live now



Edit:. Nothing material.....Trump just patted his admin on the back in passing thru hallway. Yesterday he said he would give a presser this evening on stimulus plan. No confirmation if that will happen or not ...