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21,523,071 Views | 223304 Replies | Last: 8 hrs ago by ProgN
AggiePeeps06
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High premiums
AgEng06
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Nothing right now... but at some point daily fantasy and sports betting will be back.

I'm not saying DKNG is worth looking at, however. It's currently trading in the $18s on opening day.
McInnis 03
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Thinking short term DKNG puts could be fun.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
FriskyGardenGnome
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If that's your logic, why not stick with established casinos (who also runs online sports books)?
AgEng06
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Yes. I'm not buying it... I was just bringing it to the thread if anyone was interested. Feel free to ignore it.
jbeck3487
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The NFL Draft. Trust me, I have friends that won some money last night.
FriskyGardenGnome
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I wasn't being critical. Just wondering if there was more to your reasoning, as I have no idea how DKNG has positioned themselves to compete with casinos in states that have legalized online gambling.
oldarmy1
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OSTK big volume spike.


Boring markets
jbeck3487
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Maybe I should've sold my HAL earlier.
FriskyGardenGnome
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jbeck3487 said:

The NFL Draft. Trust me, I have friends that won some money last night.
Degenerates. They should trade options.
Proposition Joe
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My worry with DraftKings would be how much value they have when legalization becomes more mainstream and competition is truly opened up.

Currently their odds are an absolute joke -- but they get away with it because they are one of the only shops in town.
MavsAg
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CATS starting to run
Exsurge Domine
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JPM dump habbening
claym711
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Quick note from resident bear.

Something people should consider for mid-term positions is SPY PE. Forward PE is going to be nearly at, or could be above DotCom bubble levels. Regardless of whether or not you believe that narrative, and instead believe the economic rebound will be swift, we will certainly remain well below 2019 consumption levels throughout 2020 and likely into 2021 globally.

IMO we are set up, at a minimum for a multi-year extension of the faux 'bear' market, or sideways market action that we have seen since 2018.
oldarmy1
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MavsAg said:

CATS starting to run
Still a good buy on May 15th $35 Calls under $2. Looking for $3.50
jj9000
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claym711 said:

Quick note from resident bear.

Something people should consider for mid-term positions is SPY PE. Forward PE is going to be nearly at, or could be above DotCom bubble levels. Regardless of whether or not you believe that narrative, and instead believe the economic rebound will be swift, we will certainly remain well below 2019 consumption levels throughout 2020 and likely into 2021 globally.
...and this isn't even bearish.

It's called reality.
$30,000 Millionaire
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still hoping for at least SPY 250 in the next two months.
Touchless
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What exp date? I should issue some covered calls on it then.
gougler08
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It does feel that sideways seems right for a while now that we've leveled off from the sharp initial drop and rebound
gougler08
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DAL not wanting to go much lower than this, feels like a good entry for medium/long spot
fightintxag13
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claym711 said:

Quick note from resident bear.

Something people should consider for mid-term positions is SPY PE. Forward PE is going to be nearly at, or could be above DotCom bubble levels. Regardless of whether or not you believe that narrative, and instead believe the economic rebound will be swift, we will certainly remain well below 2019 consumption levels throughout 2020 and likely into 2021 globally.

IMO we are set up, at a minimum for a multi-year extension of the faux 'bear' market, or sideways market action that we have seen since 2018.
I'm with you on the long term bear. Just like several have already said, lot of FOMO plus the Fed propping up the market right now, but the rug will get pulled.
OverSeas AG
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Every knee shall bow and every tongue shall confess
La Bamba
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AMD, USO little bit of movement.
OverSeas AG
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Every knee shall bow and every tongue shall confess
Carlo4
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gougler08 said:

DAL not wanting to go much lower than this, feels like a good entry for medium/long spot


FYI for someone dabbling as well. Article (saw on TDA) about a pennant bearish signal is forming and new lows are coming.

https://www.marketwatch.com/story/airline-stocks-face-bearish-pennant-patterns-warning-of-potential-new-lows-ahead-2020-04-22?mod=mw_quote_news
gougler08
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Sold WFC May 15 28.50 puts for $3.00...entry point at 25.50 if called out or pocket the premium
gougler08
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Carlo4 said:

gougler08 said:

DAL not wanting to go much lower than this, feels like a good entry for medium/long spot


FYI for someone dabbling as well. Article (saw on TDA) about a pennant bearish signal is forming and new lows are coming.

https://www.marketwatch.com/story/airline-stocks-face-bearish-pennant-patterns-warning-of-potential-new-lows-ahead-2020-04-22?mod=mw_quote_news
I went ahead and bought in, but tight stop loss if it falls below $21
IrishTxAggie
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From yesterday. Think I'll stay with a bit of a bullish sentiment on DAL for the time being...
$30,000 Millionaire
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bear question - how is the market going to react to fed negative rates next week? Given their recent track record, I don't see why they wouldn't do it. We may as well merge with the bank of Japan.
oldarmy1
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fightintxag13 said:

claym711 said:

Quick note from resident bear.

Something people should consider for mid-term positions is SPY PE. Forward PE is going to be nearly at, or could be above DotCom bubble levels. Regardless of whether or not you believe that narrative, and instead believe the economic rebound will be swift, we will certainly remain well below 2019 consumption levels throughout 2020 and likely into 2021 globally.

IMO we are set up, at a minimum for a multi-year extension of the faux 'bear' market, or sideways market action that we have seen since 2018.
I'm with you on the long term bear. Just like several have already said, lot of FOMO plus the Fed propping up the market right now, but the rug will get pulled.
The very nature of stock markets is investing. Taking the contrarian side is extremely profitable during periods of volatility, but recognize that they happen with sudden ferocity, over sell and rest the bar on valuations. They also shake all but hard core long term holders out which creates its own stability. If you didn't sell AAPL at $230 you certainly aren't going to sell it at $260, $250 and would likely be adding at $220, $210.

Therefore, while there certainly will be volatility ahead take a look at the following 5 year chart and realize there is never been such thing as a long term top to bottom downtrend. Look at the volume on this most recent selloff. If the world ends then, sure, we might have the 1st time in the history of markets where that pattern didn't signal the end of the lowest lows you're gonna get on most stocks. But you're going against all history to the contrary.



McInnis 03
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I'm going to say this so in fact the opposite will happen.

No movement on spy, no money to be made. Boring boring boring. I think I'll go inject some lysol now. Bye.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
FriskyGardenGnome
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Don't forget to swallow your UV flashlight.
Ranger222
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Like this trade set up

FriskyGardenGnome
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Very bullish overall if the small caps started leading the way up.
IrishTxAggie
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I give you the DAL options...
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