What time is the fed decision? 1:30 cst?

HEAR up 6.5%.

NIO up 7%

OSTK. Come on baby.

UpstateAg said:

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OSTK. Come on baby.

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Ugh, Sick I missed that entry this morning. 15 mins late to the party.

Maybe the fed will give me one more shot at it

IrishTxAggie said:

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NIO up 7%

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8.5% now

Prognightmare said:

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Quote:

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Apple considers moving 15% to 30% of production capacity out of China: report
Today 9:39 AM ET (MarketWatch)
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Print
Apple Inc. (AAPL) is considering moving 15% to 30% of its production capacity from China to Southeast Asia, according to a report from the Nikkei Asian Review (https://asia.nikkei.com/Economy/Trade-war/Apple-weighs-15-30-capacity-shift-out-of-China-amid-trade-war), which said that the company has asked its suppliers to look into the costs of such a move. The story, which cites unnamed sources, said that trade tensions between the U.S. and China have Apple considering whether to shift some of its production outside of China but that the company may not turn back on its plans even if the trade disputes were settled since Apple sees heightened risks from its reliance on Chinese manufacturing. Apple declined to comment in the Nikkei Asian Review's report. Wedbush analyst Daniel Ives said that "in a best-case scenario," Apple would likely be able to shift 5% to 7% of its iPhone production to India within 12 to 18 months. "Moving 15% of its iPhone production from China to other regions (India and Vietnam would be top candidates) would take at least two to three years in our opinion given the complexity and logistics involved in such a gargantuan endeavor and clearly have its share of risks (e.g., supply chain disruption, higher costs)," he wrote. Apple shares have gained 29% so far this year. The Dow Jones Industrial Average has climbed 14% in that time.

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Announcements like this from companies as large as AAPL will bring the Chinese to a deal.

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I'm wondering if Trump got inside Cook's head. This will put some pressure on China no doubt... Maybe some beneficial exemptions for Apple for at least putting it out there to scare China?

OSTK need to see $10.50 and we're off

What's the feel on TEUM?

It's hanging around that $2.80 mark. Anyone still bullish on it long term?

oldarmy1 said:

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OSTK need to see $10.50 and we're off

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Yep, 10.40 or so has been firm resistance

Aggie_2463 said:

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What's the feel on TEUM?

It's hanging around that $2.80 mark. Anyone still bullish on it long term?

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I took some covered calls as it dropped but held onto shares. Yeah, they have a shaggy building in one of their footprints. They have it on their website forever, so it was nothing new yet became a center-piece of the hit article.

Dell started in a dorm room, PineSol in a garage, AMZN same. Is that how we make our investment decisions on new companies now?

oldarmy1 said:

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Aggie_2463 said:

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What's the feel on TEUM?

It's hanging around that $2.80 mark. Anyone still bullish on it long term?

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I took some covered calls as it dropped but held onto shares. Yeah, they have a shaggy building in one of their footprints. They have it on their website forever, so it was nothing new yet became a center-piece of the hit article.

Dell started in a dorm room, PineSol in a garage, AMZN same. Is that how we make our investment decisions on new companies now?

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I'm thinking it's kind of settled since that article and now may be a good entry point.

Aggie_2463 said:

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oldarmy1 said:

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Aggie_2463 said:

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What's the feel on TEUM?

It's hanging around that $2.80 mark. Anyone still bullish on it long term?

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I took some covered calls as it dropped but held onto shares. Yeah, they have a shaggy building in one of their footprints. They have it on their website forever, so it was nothing new yet became a center-piece of the hit article.

Dell started in a dorm room, PineSol in a garage, AMZN same. Is that how we make our investment decisions on new companies now?

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I'm thinking it's kind of settled since that article and now may be a good entry point.

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In 401k/SEP accounts I bought a bunch at $2.50 and sold the October $2.50 calls on the bounce for $1+. That's a 66% ROI because I'm with you on the settling part.

TRNX

ZYNE with a failing breakout

Quite the minute chart for NIO

ENT $0.83
10.68% today and 16% from posting. Money is money no matter how small the stock.

OSTK, this is your time, now go out and take it!

oldarmy1 said:

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ENT $0.83
10.68% today and 16% from posting. Money is money no matter how small the stock.

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I did some DD on this one after you posted and like it quite a bit. Jumped in with you a day later. Let's go ahead and hit that 2.50 again!

I don't quite get why the markets are slow today.

We don't expect a rate increase, if no increase happens its likely due to waiting to see what happens with china and is told to us as such.
What else gives?

I assume people don't trust Powell and wanted to take money off the table just to be safe.

We do have a gap on the S&P at 2897. Would really prefer to leave that one for a correction fill after a post breakout trend move. Selling gained some momentum and I'm down to .5% gains on the day.

I bought cheap ROKU Puts $100 in case markets really roll over. I figure ROKU with the big insider sales might have a flush move back below $100 by Friday.

I don't think we get a rate cut today.

From what I've read, the days leading up to a fed decision are usually pretty slow. Yesterday was an exception.

I think people are not sure about what's going to happen and how the markets will react. I think the best case scenario if you want stocks to jump up is that Powell says that a rate cut in the future is possible.

In my opinion, If Powell cuts rates immediately that would signal a recession. If Powell says no rate cuts for sometime then I think you'd see a sell-off as well.

Either way I don't have any positions open as I have no clue what will happen.

Didn't AAPL also start out in a garage of Jobs' parents house?

EngrAg14 said:

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I don't quite get why the markets are slow today.

We don't expect a rate increase, if no increase happens its likely due to waiting to see what happens with china and is told to us as such.
What else gives?

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IMO, the market is waiting on the fed minutes more than the decision. It wants to see if the fed is prepared to cut 2 or 3 times this year. It's going to swing big one way or the other at 1:30.

I think people are going to be very disappointed. Trump especially.

Is it not possible for Powell to announce no rate cut currently, like expected, and the market stay flat until china talks next week?

I mean most people expect them to not cut rates until maybe July, right?

No cut now, no cut this year.

That is clearly not what the SEP says

I just placed covered calls on this spike up

I exited all of my weeklys

So.... rates unchanged, and most still expect a potential cut in July.