Quite the flush to finish.

Every knee shall bow and every tongue shall confess

oldarmy1 said:

---

Texas Gov. Greg Abbott: All retail stores, restaurants, movie theaters and malls can reopen May 1 -- but at no more than 25% of occupancy. In Phase 2 (May 18), 50% occupancy. This supersedes all city-county restrictions.

---

I heard that and wondered what that looks like.
Spaced lines outside with 1 in 1 out? Or do we think there is enough folks still scared to go out, making the supply demand scenario more manageable.

1 in 1 out will probably be it. Lots of grocery stores successfully adopted that, and won't be hard to implement.

thirdcoast said:

---

oldarmy1 said:

---

Texas Gov. Greg Abbott: All retail stores, restaurants, movie theaters and malls can reopen May 1 -- but at no more than 25% of occupancy. In Phase 2 (May 18), 50% occupancy. This supersedes all city-county restrictions.

---

I heard that and wondered what that looks like.
Spaced lines outside with 1 in 1 out? Or do we think there is enough folks still scared to go out, making the supply demand scenario more manageable.

---

Target in Dallas (City Place) this Saturday had a line at the door and counting people in and out....mandatory face-masks (about 1/2 of them were being worn incorrectly - but hey)

First of all Thank You to the experience vets who have posted and helped get me (and other newbies) off the ground on trading. I have learned alot and have more to learn! If any of yall are in houston first couple rounds are on me.

I enjoy seeing suggestions, doing some research and maybe buying in if it seems logical. ERI and CADE are 2 I would have never had on my radar. I sold a third of ERI at 20.75 today.

texagbeliever said:

---

First of all Thank You to the experience vets who have posted and helped get me (and other newbies) off the ground on trading. I have learned alot and have more to learn! If any of yall are in houston first couple rounds are on me.

I enjoy seeing suggestions, doing some research and maybe buying in if it seems logical. ERI and CADE are 2 I would have never had on my radar. I sold a third of ERI at 20.75 today.

---

Username checks out.

AgEng06 said:

---

Thoughts on restaurant stocks, now that they can start allowing 25% back in on May 1st? DRI?

---

blmn sure went on a tear today, believe I'm up 30% since I bought 2 (?) weeks ago

cade looking good too, got net free on my 5/15 7.50 calls today

pyx and most of the weed stonks were rocking today as well, but I think it is related to a french study showing potential for nicotine in treating covid. I took a lot off the table (at a big loss) and picked up some luv. If they dip after earnings I'll double up. Have always liked southwest

tlgt ran today, not sure why...cvet and prty too? maybe this is one of those bear market rips? Or just return of market confidence. Sure wish oil would go up

Dammit, I knew I should have bought into Office Depot when I mentioned it a few days ago.

Guess if I did it wouldn't have jumped.

I think most agree that the V correction we are seeing thus far is mostly due to gov injected liquidity. Now Fed is increasing public lending facility access to small local gov munipalities, without expanding original funding.

A) Does a bigger draw on Fed loans and stronger political intervention against wall st in coming weeks, put an end to this rally and focus back on balance sheets?

B) Do we queue the Powell money machine gif indefinitely until we are above 3,500?

C) Did fed already overshoot, and combined with opening of economy, we are back in long term bull market.

https://finance.yahoo.com/amphtml/news/fed-extends-municipal-liquidity-facility-beyond-largest-cities-203008718.html

Technical guys: thoughts on COTY for the near term?

Trade or LT?

Prognightmare said:

---

Trade or LT?

---

trade

thirdcoast said:

---

I think most agree that the V correction we are seeing thus far is mostly due to gov injected liquidity. Now Fed is increasing public lending facility access to small local gov munipalities, without expanding original funding.

A) Does a bigger draw on Fed loans and stronger political intervention against wall st in coming weeks, put an end to this rally and focus back on balance sheets?

B) Do we queue the Powell money machine gif indefinitely until we are above 3,500?

C) Did fed already overshoot, and combined with opening of economy, we are back in long term bull market.

https://finance.yahoo.com/amphtml/news/fed-extends-municipal-liquidity-facility-beyond-largest-cities-203008718.html

---

The fed will leave the spigot on until they see signs of inflation after the covid crisis is over, they've said so. If that's the case, this is a traders market that you pick high quality names on dips and sell rips, repeat. Watch for any MAJOR flare ups with states reopening, that's probably the only thing that will spook the markets. JMO

ehrmantraut said:

---

Prognightmare said:

---

Trade or LT?

---

trade

---

Downgrade today doesn't help but you should be able to get it around $4-4.25.

Every knee shall bow and every tongue shall confess

LK offices get raided by Chinese regulators at request of SEC.
LK says it is cooperating with authorities and that store operations are normal. Plenty of time to shred and package their fraud into something that can be stomached, or perhaps trading never resumes and May 15 calls expire worthless.

https://www.bloomberg.com/news/articles/2020-04-27/luckin-offices-raided-by-chinese-regulators-as-scandal-widens

thirdcoast said:

---

LK offices get raided by Chinese regulators at request of SEC.
LK says it is cooperating with authorities and that store operations are normal. Plenty of time to shred and package their fraud into something that can be stomached, or perhaps trading never resumes and May 15 calls expire worthless.

https://www.bloomberg.com/news/articles/2020-04-27/luckin-offices-raided-by-chinese-regulators-as-scandal-widens

---

LK will trade again, not sure if it will be by 5/15 though. Someone will be getting executed in China though.

I've got two stocks in my account halted (not a huge chunk of $$$). $WORX & $LK. BYE BYE MONEY.

The Pilot said:

---

I've got two stocks in my account halted (not a huge chunk of $$$). $WORX & $LK. BYE BYE MONEY.

---

Any chunk of money always sucks to lose though, it eats into the returns of the good and forces a taquila shot response.

Don't have the time to watch it, what's the summary?

Prognightmare said:

---

Don't have the time to watch it, what's the summary?

---

His advice for trading has been pretty sound. He normally talks trading but went to a more in depth video.

The bulk of the video uses evidence that, even though we are printing trillions, we have the ability to print trillions more without an issue. Amazingly, the rate of printing isn't fast enough to stop the deflationary trends that occurred when the world shut down. All about the strength of the dollar.

ranchag04 said:

---

Where is Clay? According to him we should be at 1,500. Proof...there are a lot on this board who can lead you in the incorrect direction.

---

ranchag04 said:

---

ranchag04 said:

---

Where is Clay? According to him we should be at 1,500. Proof...there are a lot on this board who can lead you in the incorrect direction.

---

---

Not sure I'd be spiking the football given the environment we're in.

If you think all of this is over, and we go back to 2019 ATH, well, that's your opinion. I'll strongly disagree with you, but, respect your opinion.

WRT to virus and macro picture, I'm of the opinion that we're still in the 1st quarter of a game against BAMA, where BAMA leads 21-7. Problem is we have 3 Quarters to play, and JFF left years ago.

Can we use King instead of Mond?