topher06 said:

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khaos288 said:

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Charlie Kelley said:

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https://justthenews.com/politics-policy/coronavirus/texas-government-counting-every-covid-positive-hospital-case

Don't mean to pile on with the political discussion, but the hospital CEO's said the panic was unwarranted...

Capacity last year around this time was around 95% according to one hospital spokesperson.

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I want to believe this, but do you have a better source? The headlines on that site scream agenda one way only.

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You've been pretty consistent in your message as well, at least from what I've seen.

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I don't trust news sources from either side where every headline points out obvious political agenda. If you do, you're doing yourself a disservice. Genuinely wanting a second source for such a claim isn't a bad thing.

And you choose to see what you want. I give credit where it's due, and only want to make a bunch of money with my fellow ags.

khaos288 said:

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Charlie Kelley said:

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https://justthenews.com/politics-policy/coronavirus/texas-government-counting-every-covid-positive-hospital-case

Don't mean to pile on with the political discussion, but the hospital CEO's said the panic was unwarranted...

Capacity last year around this time was around 95% according to one hospital spokesperson.

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I want to believe this, but do you have a better source? The headlines on that site scream agenda one way only.

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http://www.google.com/amp/s/www.khou.com/amp/article/news/health/coronavirus/houston-hospitals-ceo-provide-update-on-bed-capacity-amid-surge-in-covid-19-cases/285-a5178aa2-a710-49db-a107-1fd36cdf4cf3

This article has some encouraging quotes. In particular:

Quote:

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"The spread is increasing and it's very concerning. However, our hospitals are okay and ready to manage this surge effectively and appropriately," said Dr. Doug Lawson, CEO of CHI St. Luke's Health, CHI. "The reality is our capacity to care for those patients significantly exceeds what we're staffing on any given day."

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And to answer another poster's inquiry about our stance on this being tied to stocks (financial), I sold out of all positions about 3 weeks ago in anticipation of this, so it's not a stock price driven opinion. Perhaps employment driven, but I've been okay so far.

Edit: I've said my peace and I'll move on. Back to your regularly scheduled program.

SPY is really battling $302

EDIT: nvm

Charlie Kelley said:

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khaos288 said:

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Charlie Kelley said:

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https://justthenews.com/politics-policy/coronavirus/texas-government-counting-every-covid-positive-hospital-case

Don't mean to pile on with the political discussion, but the hospital CEO's said the panic was unwarranted...

Capacity last year around this time was around 95% according to one hospital spokesperson.

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I want to believe this, but do you have a better source? The headlines on that site scream agenda one way only.

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https://www.chron.com/houston/article/TMC-leaders-Despite-rising-COVID-19-cases-15366132.php

https://communityimpact.com/houston/bellaire-meyerland-west-university/coronavirus/2020/06/25/texas-medical-center-leadership-looks-to-assuage-icu-capacity-fears-amid-covid-19-surge/


Chron link and local houston newspaper link with the same hospital quotes.


Sorry, no more. Khaos asked so I shared.

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Thank you sir! I don't think I was trying to be overly political. Just love multiple sources reporting things like that.

I know nowadays EVERYTHING is seen as political, but asking for multiple credible sources shouldn't be viewed as a political stance. It wasn't. Like I said I wanted to believe it. That's good news for the market, and for the state.

trying to decide whether to sell my MOMO 17p and go ahead and get assigned my 19p in hopes that it rebounds next week, or take the $200 hit (really $145) per contract and buy again monday.
Pretty sure I'll buy the shares regardless, so if I take the assignment my basis is 18.45. Same basis if I let my protection do it's thing and I am able to buy them Monday for $17. Of course if it gaps up Monday I will miss that rebound, but not being tied to the shares for the weekend has its advantages...

Absolutely, I didn't take it that way. Good to have more than one source.


Anyone still in MOMO 7/17's? I think I'm just going to ride the ship down with those. DCA is ~.56/c

You guys are wasting your time and cluttering the thread.

When smart folks are politically biased, they're actually more likely than the general population to ignore facts and retain their biased positions. They have the capacity to do the mental gymnastics necessary to justify their position and protect their political identity. Everyone on here is pretty dang smart. We wouldn't be here if we weren't; therefore, no one is really going to convince anyone, if anything, you're more likely to just cause people to dig in their heels even more.

TLDR for most, but if you want to read a fascinating study on this:
https://scholarsbank.uoregon.edu/xmlui/bitstream/handle/1794/22105/833.pdf?

Charlie Kelley said:

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Absolutely, I didn't take it that way. Good to have more than one source.


Anyone still in MOMO 7/17's? I think I'm just going to ride the ship down with those. DCA is ~.56/c

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Here on MOMO 7/17's. Prob going to do the same.

What's the general opinion on FB right now? Reversion to mean candidate, or "she done and gone for awhile"?

To get this convo back on track. Let's do a poll for the market sentiment in the room.

What's everyones cash percentage position? I'm ~75% cash and considering going even more.

Sold my DIS puts at $4.1. Now in SPOT 7/2 250C

Didn't think it would run higher? If you don't mind me asking, what did you get in at?

McInnis 03 said:

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What's the general opinion on FB right now? Reversion to mean candidate, or "she done and gone for awhile"?

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From research I've done, everything could use a good pullback so any calls pre July 4th weekend is not a good idea.

The elliot wave guy I like, Trigger Trades, is predicting 2750 and a quick drop there and quick turnaround. I think Walrus is predicting 3000, we bounce and rocket.

I'm curious about this as well. When you guys say cash do you mean money that's sitting on the sidelines?

For example.. I don't have a margin account. Everything I do comes from my cash buying power. Buy calls and puts only. Does this make me 100% cash?

I paid 14.5 for them today. There was 1.1MM that came in on the options flow at $15. I'm watching the volume like a hawk to see if they sell them back in today. otherwise I'll hold them. I don't think I would mind being assigned them at $250 either and then sell covered calls against them until I get called out

If they get to $20, I'll sell 2/3s and keep 1/3 for possible assignment

Hey quants? TSLA outside bar on the 1st hour, hammer on the 2nd hour that closes in 5 minutes. Should it be looking for a retest of the upper range of the 1st bar?

So LK will be delisted on Monday...for anyone bag holding just sell now or what would happen to shares?

khaos288 said:

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To get this convo back on track. Let's do a poll for the market sentiment in the room.

What's everyones cash percentage position? I'm ~75% cash and considering going even more.

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100% cash other than 1 or 2 day/overnight trades a week just to be sure I don't get pegged as a Pattern Day Trader.

Sorry, I should have been more clear. I was talking about your exit of DIS

maroon19 said:

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SPY is really battling $302

EDIT: nvm

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still true

McInnis 03 said:

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y'all. Stonks. If you want to talk COVID extended, go to the COVID forum. If you want to talk Politics, head over to the cess pool.

Stonks here. Buy stonks. Buy lots of stonks.

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Yup. It'll break one way or the other after COVID task force news

The 200 dma seems to be pretty strong support. Every time we dropped through it in the last 2 weeks, we come right back above it. I keep buying stocks each time we get to it.

TecRecAg said:

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Sorry, I should have been more clear. I was talking about your exit of DIS

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It could, but I'm in full scalping mode. It hit just above the demand pivot I was looking at, so I got out.

Dale Earnhardts Stache said:

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Charlie Kelley said:

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Absolutely, I didn't take it that way. Good to have more than one source.


Anyone still in MOMO 7/17's? I think I'm just going to ride the ship down with those. DCA is ~.56/c

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Here on MOMO 7/17's. Prob going to do the same.

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It's getting bought pretty hard at $17, I think it runs soon.

meant to edit my edit

khaos288 said:

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To get this convo back on track. Let's do a poll for the market sentiment in the room.

What's everyones cash percentage position? I'm ~75% cash and considering going even more.

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65% cash. The rest is in small cap stuff that never did bounce back much from the March fall off.

25% cash

But my investment horizon is 10 years or more, so honestly I'm just waiting for another good dip to go back to All-In on equities

McInnis 03 said:

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Hey quants? TSLA outside bar on the 1st hour, hammer on the 2nd hour that closes in 5 minutes. Should it be looking for a retest of the upper range of the 1st bar?

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Might be GO time.

Im about 40% cash. But I have some large limit orders placed for ONTX when it goes sub .50.