I know. I've only read a few pages and never commented on it. The hysteria of some people is too much to take.

Quest diagnostics DGX about to sell a bunch of COVID-19 tests/services...

https://newsroom.questdiagnostics.com/2020-03-05-Quest-Diagnostics-to-Launch-Coronavirus-Disease-2019-COVID-19-Test

punching through all time highs after hours it looks like! wish I owned some.

IBIO is an interesting one as well - they're working on a vaccine, they even have a facility here in Aggieland. They built it in 2010 with the sole purpose of a fast vaccine (FastPharming, their term), with funding from DARPA (part of the defense department).

https://finance.yahoo.com/news/ibio-cc-pharming-initiate-joint-211510278.html

The last time DIS was this cheap... it went on a tear to 141 in 5 weeks. Granted it started that tear at 107 (and disney plus I think was the catalyst). That was 11 months ago

After 107, you have to go all the way back to 2016 to get to $90. I know covid is scaring investors, but dayum that's a long way to fall! and will be a heck of a bargain.

and on ROKU, what happened to the, "We're all going to be avoiding the zombie apocalypse by watching tv and using our roku devices?"

This thread has taken quite the emotional turn. Not a good look for traders.

Also, where tf did all the engineer hate come from across the board? I bet a large % on here have a technical background.

59 South said:

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This thread has taken quite the emotional turn. Not a good look for traders.

Also, where tf did all the engineer hate come from across the board? I bet a large % on here have a technical background.

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None of what you just said is true.

Prove it Nancy!

thirdcoast said:

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Quest diagnostics DGX about to sell a bunch of COVID-19 tests/services...

https://newsroom.questdiagnostics.com/2020-03-05-Quest-Diagnostics-to-Launch-Coronavirus-Disease-2019-COVID-19-Test

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Bought the Aug 120C for $1.43 and sold for $5.79 today, never settle for the 4x

Bought a June crude (/CL) 46 put @ 3.69

Which companies thrive if people are sheltered for a month?
Netflix subscriptions?
Video games?
And is also a good company once this passes?

Thanks for recently following me! (I think it was just the hat)

Here's my thoughts as of last Saturday on this week.

They have slightly changed as the week has gone on. I believe we are at this level in 1998-esque trading. I wasn't double digits years old then but understand there was a financial crisis in Russia. Imo, the extreme responses of the governments to prevent the spread of COVID (By shutting down cities) could be far more detrimental than Russia financial crisis.

My thoughts have been developing all week and agree that we test lows tomorrow.

No idea if we are in "98" or "00" tho.

Quote:

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Which companies thrive if people are sheltered for a month?
Netflix subscriptions?
Video games?
And is also a good company once this passes?

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Any kind of entertainment... ROKU?
E-commerce
Last mile logistics companies... delivering stuff that people would normally pick up themselves

What do you do when you get bored?
Watch TV
Listen to music
Play games.. card games, board games, video games
Gamble
Read
Cook
Drink
Have s*x

There are mini baby booms that coincide with people getting snowed into homes. Covid-19 baby boom? Some evidence to support idea:
https://www.dailymail.co.uk/news/article-2515967/Record-winter-snowfall-sparked-biggest-baby-boom-20-years-months-later-couples-got-close-beat-big-freeze.html

Sold my June crude 46 put at 4.44. Big red candle down while I was at dinner, decided to get out. Left some cash on the table. Oh well.

We may get that "flush" at the open that we're looking for, right OA.

the last of the bohemians said:

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Which companies thrive if people are sheltered for a month?
Netflix subscriptions?
Video games?
And is also a good company once this passes?

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PTON? I'm not a huge fan long term but this isn't good for gyms

Honestly I think you've been more insightful since the last time I was critical of your posting, for what it's worth.

Since I got on your case before, I feel I should come out and say this as well.

Know some of y'all mentioned travel/tourism stocks and going long.

Thanks for sharing. I have them saved to get in once the dust settles to go long for retirement portfolio. No clue when that is, but not this week.

Can someone explain what the complete collapse in the 10 and 30 year rates means for stocks?

Sold my 298 puts yesterday

IF we get a flush to 2850 today, I have a 50 wide butterfly I put on for a BUCK two days ago. I've got a limit order at 35 as I'm on a plane till 9. Turn $100 into $5000? We shall see. Sometimes I don't close these until late in the day for a pin!

khaos288 said:

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Sold my 298 puts yesterday

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Buy a call side for a cheaper spread with 1 day expiration to stay in the game.

Spreads continue to be the big winners. Total for a spread $4000-$4200. SPY down $10 = $5.80 to $6+ net per share win. Buy shares against $298 Puts would be $7/share profit.

Whoa!! 100K beat on jobs!

Someone will find a way to turn this into something negative.

Great news btw.

IrishTxAggie said:

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Whoa!! 100K beat on jobs!

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Soo... calls at the open?

I won't be surprised if we go positive today

I'm looking at calls

Anyone watching the minute chart on SPY:? That was weiredly crazy. Popped to $293.50 and then went a full 6 seconds without a trade. No buyers at all so the sellers quickly took it back below $293. Either a shakeout or this will melt.

With this morning gap down, today's value is to the upside I think. Shorting after a 3% gap down just doesn't seem like the value. Remember what happened last Friday the end of the day.

Futures did NOTHING on that jobs report. Bears are in full swing right now, before a weekend, USA is getting virus action at higher levels, today doesn't smell good from an emotional standpoint. People may want to hold some cash over the weekend, may be a good day for me to start learning how to apply the vertical spreads with a bearish mentality.

Plan is scalp open long if there's a surge. Then short to below the AH low. Short pending some post open stats

If surge down at open, limit down rules may come into play today.