Houston-based? Say no more.

Mtn_Guide said:

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AnyOtherName said:

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So what about the CARES Act mortgage forbearance impacting mortgage companies? If millions put their mortgages into forbearance how does this impact the industry?

If there is no bailout in place for the lenders who have to continue to pay their bonds, was this "already baked" into the drop?

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Do you think that the Fed/Tresuary are going to let the banks fail in the middle of all of this?

That's your answer.

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Look at bank stocks. All are down significantly. Those with known energy and/or restaurants are down even more. Those known to have commercial real estate concentrations are down big as well.

Most have significantly improved capital levels as compared to the financial crisis. But, another 90+ days of deferment on real estate loans combined with risk of some businesses failing because of a shut down of the economy could be fatal. Not to the banks, but to our economy as we fully expect the treasury to offer another bailout if that happens.

Quote:

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"At a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008, we expect this shortly after Model T this week." Dimon wrote Monday in his annual letter to shareholders.

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https://www.bloomberg.com/amp/news/articles/2020-04-06/dimon-sees-bad-recession-and-echoes-of-2008-crisis-ahead

cgh1999 said:

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Mtn_Guide said:

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AnyOtherName said:

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So what about the CARES Act mortgage forbearance impacting mortgage companies? If millions put their mortgages into forbearance how does this impact the industry?

If there is no bailout in place for the lenders who have to continue to pay their bonds, was this "already baked" into the drop?

---

Do you think that the Fed/Tresuary are going to let the banks fail in the middle of all of this?

That's your answer.

---

Look at bank stocks. All are down significantly. Those with known energy and/or restaurants are down even more. Those known to have commercial real estate concentrations are down big as well.

Most have significantly improved capital levels as compared to the financial crisis. But, another 90+ days of deferment on real estate loans combined with risk of some businesses failing because of a shut down of the economy could be fatal. Not to the banks, but to our economy as we fully expect the treasury to offer another bailout if that happens.

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Yay for major banks that exited real estate last year.

ClutchCityAg said:

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Anyone have any good penny stocks they are speculating on right now?

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Not a penny stock, but a small cap I've come across is CTEK. Healthcare cyber security play transitioning after divesting a non essential unit, so not EBITDA positive currently but will be. New CEO and just added more board members with good experience. Very small float, no debt on balance sheet, investor is stepping up to provide funding for further acquisitions to expand their reach into the market.

hedge said:

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tired of sitting on the sidelines, just gonna throw a few thousand in and hope for the best

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Username checks out.

cgh1999 said:

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Mtn_Guide said:

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AnyOtherName said:

---

So what about the CARES Act mortgage forbearance impacting mortgage companies? If millions put their mortgages into forbearance how does this impact the industry?

If there is no bailout in place for the lenders who have to continue to pay their bonds, was this "already baked" into the drop?

---

Do you think that the Fed/Tresuary are going to let the banks fail in the middle of all of this?

That's your answer.

---

Look at bank stocks. All are down significantly. Those with known energy and/or restaurants are down even more. Those known to have commercial real estate concentrations are down big as well.

Most have significantly improved capital levels as compared to the financial crisis. But, another 90+ days of deferment on real estate loans combined with risk of some businesses failing because of a shut down of the economy could be fatal. Not to the banks, but to our economy as we fully expect the treasury to offer another bailout if that happens.

---

I don't think it's just real estate that causing the bank trouble. It's all business loans.

ClutchCityAg said:

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Anyone have any good penny stocks they are speculating on right now?

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SDC at these levels is a steal if you're looking for a cheap stock. Like OA said, a company with a billion in sales under $10 is a good opportunity.

Thanks guys! I'm a noob if you couldn't tell

hedge said:

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tired of sitting on the sidelines, just gonna throw a few thousand in and hope for the best

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What are you looking at for out of your few thousand? A trade? A long term position? Are you familiar with options?

We really need more information regarding your goals and experience in order to offer sound advice.

If you approach the market like you're walking into a casino and blindly throw your money into it, well you can probably assume how it will turn out.

I'm not trying to be an ass, I just hate to lose money and even though I don't know anyone on this thread IRL, I don't want anyone to lose either.

SPY moved up above $266 getting the Call side within range already.

Callaway has a market cap of about a billion dollars and bounces around like a top. Just a shade over $10, down from low 20's before the crash.

Prognightmare said:

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ClutchCityAg said:

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Thanks guys! I'm a noob if you couldn't tell

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Just keep reading this thread and watch or paper trade ideas that you see here that interest you. You will learn a ton.

As someone that was in the industry a longtime ago, the amount of knowledge and free flow of ideas, combined with support shared on this thread is better than any class or book.

You have a good mix of raging bulls, bulls, bears and world enders on this thread and all have valid information that supports their opinions.

In short, welcome to the jungle.

---

In no other place can you find two people with the common goal of making money with two wildly different opinions on how to do it, and both are acceptable.

Perma Bear? **** it. Puts pay.

Sunshine pumper? Calls for days.

oldarmy1 said:

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thirdcoast said:

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Quote:

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"At a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008, we expect this shortly after Model T this week." Dimon wrote Monday in his annual letter to shareholders.

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https://www.bloomberg.com/amp/news/articles/2020-04-06/dimon-sees-bad-recession-and-echoes-of-2008-crisis-ahead

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Yet he bought $26M in JPM stock recently. As a chairman communicating to shareholders he wisely takes a hawkish stance, but watch the money. Always.

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Dimon is in the top ten of CEO's of all corporations. If he putting size like that into JPM, then the debate about which bank stock to buy is over.

Not getting into it on this thread or board but his head to heads with Warren were fun.

ClutchCityAg said:

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Anyone have any good penny stocks they are speculating on right now?

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ZEST

khaos288 said:

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Prognightmare said:

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ClutchCityAg said:

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Thanks guys! I'm a noob if you couldn't tell

---

Just keep reading this thread and watch or paper trade ideas that you see here that interest you. You will learn a ton.

As someone that was in the industry a longtime ago, the amount of knowledge and free flow of ideas, combined with support shared on this thread is better than any class or book.

You have a good mix of raging bulls, bulls, bears and world enders on this thread and all have valid information that supports their opinions.

In short, welcome to the jungle.

---

In no other place can you find two people with the common goal of making money with two wildly different opinions on how to do it, and both are acceptable.

Perma Bear? **** it. Puts pay.

Sunshine pumper? Calls for days.

---

I actually like the bear perspective and supporting information they provide. It keeps you grounded and has made me pause when I wanted to slap my johnson down on the table when taking a position. Sometimes it's cost me, but sometimes it's saved me. It's easy to form tunnel vision for your view of the market and it's healthy to read something that makes you question your assumptions of how things will play out.

That's another benefit of this thread, it's not an echo "rah rah" chamber.

Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

Boat Shoes said:

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Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

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Why couldn't you have mentioned this before it went up 40% in a day?

Exsurge Domine said:

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Boat Shoes said:

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Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

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Why couldn't you have mentioned this before it went up 40% in a day?

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That's what made me look! But seriously, was it the most hammered casino stock out there?

Boat Shoes said:

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Exsurge Domine said:

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Boat Shoes said:

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Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

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Why couldn't you have mentioned this before it went up 40% in a day?

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That's what made me look! But seriously, was it the most hammered casino stock out there?

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Seems like it. I almost have to throw a couple grand and at a Jan 15 call now.

Exsurge Domine said:

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Boat Shoes said:

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Exsurge Domine said:

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Boat Shoes said:

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Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

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Why couldn't you have mentioned this before it went up 40% in a day?

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That's what made me look! But seriously, was it the most hammered casino stock out there?

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Seems like it. I almost have to throw a couple grand and at a Jan 15 call now.

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Was just thinking the same. If I lose it, I can just drive to Louisiana when they reopen to get it back!

Boat Shoes said:

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Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

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Thanks for bringing that to the board. Is anyone familiar with their debt levels?

BB675 said:

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I am a newbie here as well and have enjoyed following the advice on this board. I still don't understand the different calls and puts at this moment but hope to get there over time. With that being said, I currently have shares in the stocks listed below. I understand most stocks are good value now given the market has been down the last 6-8 weeks but are there any stocks left that you guys feel especially good about? I have stuck with blue bloods for the most part because I feel they are safe plays.

CVX
DIS
ERI
JPM
MOMO (Just bought today, following OA1)
XOM

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Can't take credit. BB675 was already all over it.

Model T on that puts it at 37-40. I wouldn't play short term options on it but I'll be watching this to take a long position.

https://www.casino.org/news/eldorado-stock-is-beaten-up-but-it-offers-upside-potential-says-analyst/

They are buying Caesars

i have about 5k sitting in fidelity. gonna go for some long term trades. most likely blue chip stuff like apple, microsoft, disney, etc....


unless yall think not to

Prognightmare said:

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khaos288 said:

---

Prognightmare said:

---

ClutchCityAg said:

---

Thanks guys! I'm a noob if you couldn't tell

---

Just keep reading this thread and watch or paper trade ideas that you see here that interest you. You will learn a ton.

As someone that was in the industry a longtime ago, the amount of knowledge and free flow of ideas, combined with support shared on this thread is better than any class or book.

You have a good mix of raging bulls, bulls, bears and world enders on this thread and all have valid information that supports their opinions.

In short, welcome to the jungle.

---

In no other place can you find two people with the common goal of making money with two wildly different opinions on how to do it, and both are acceptable.

Perma Bear? **** it. Puts pay.

Sunshine pumper? Calls for days.

---

I actually like the bear perspective and supporting information they provide. It keeps you grounded and has made me pause when I wanted to slap my johnson down on the table when taking a position. Sometimes it's cost me, but sometimes it's saved me. It's easy to form tunnel vision for your view of the market and it's healthy to read something that makes you question your assumptions of how things will play out.

That's another benefit of this thread, it's not an echo "rah rah" chamber.

---

Completely agree. Having all the data from both sides is nothing but a good thing.

You looking at options or stock?

Prognightmare said:

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Model T on that puts it at 37-40. I wouldn't play short term options on it but I'll be watching this to take a long position.

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What are you thinking for entry point?

Prognightmare said:

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Boat Shoes said:

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Jeez, ERI down from $70 to $14? Is that a decent casino play? I mean, I usually donate some cash each trip to Shreveport.

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Thanks for bringing that to the board. Is anyone familiar with their debt levels?

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Does not look great

https://www.nasdaq.com/market-activity/stocks/eri/financials

just stock......... for now