IrishTxAggie said:

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BREwmaster said:

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So they're betting volatility will come way down in less than 2 weeks?

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Yes. They're betting we won't be gaping up/down 2%+ every freaking morning

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I just picked up SVXY $49 calls expiring 3/20 for 18c each

Please tell me someone here is heavily levered in $AIM. I want to celebrate someone today.

Did anyone see this coming for AIM? WOW!

Yeah for $0.10 and only 100 it would be worth a flier knowing that I am 99% sure I am losing that $100.

CHK I'm pretty sure is done. I hope no one on here works for them.

Tests or vaccine?

Barty said:

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Did anyone see this coming for AIM? WOW!

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holy crap!! someone find me the next one of these...PLEASE!!

This was a monster day for shorts. I think some relief to come into the close and some snap back as they look to close their shorts before the bell.

Aggie95 said:

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Barty said:

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Did anyone see this coming for AIM? WOW!

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holy crap!! someone find me the next one of these...PLEASE!!

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well, you can always short it

ETrade issuing higher margin maintenance requirements on O&G stocks. I've been alerted on OXY and OVV this afternoon.

I sold all my CHK years ago. Did they declare bankruptcy?

Bocephus said:

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I sold all my CHK years ago. Did they declare bankruptcy?

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Soon...

IrishTxAggie said:

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Bocephus said:

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I sold all my CHK years ago. Did they declare bankruptcy?

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Soon...

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They will probably reverse split presenting another opportunity to short until ch11

If you're looking for a buy/ hold, BBY at this 65 level will not disappoint you in a year. JMO

No probably. They've announced plans.

what are we picking for our SPY straddles?

270 p
285 c

??

McInnis 03 said:

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Please tell me someone here is heavily levered in $AIM. I want to celebrate someone today.

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I got in on it this morning at $3.27 and stop lossed at $5.61 after it temporarily went down 15%. 800 shares so about $1875 into my brokerage. I rebought 155 shares at $6.50 to see where it ends up going.

Bloodbath in my retirement accounts though save for FSLY and DAL which I bought this morning and are up ever so slightly. I did buy OVV @ 2.74 though, so hopefully it goes big after this market finds some sea legs.

It's back down below $6 now

Quote:

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Transocean Cut to Underperform From Neutral by B of A Securities

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Timely advice by BOA today.

Prognightmare said:

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If you're looking for a buy/ hold, BBY at this 65 level will not disappoint you in a year. JMO

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Any thoughts behind that? Just retail space being strong?

Aggie95 said:

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Barty said:

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Did anyone see this coming for AIM? WOW!

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holy crap!! someone find me the next one of these...PLEASE!!

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SNSS tomorrow if they say the words "partial response" or yahtzee if they say "clinical remission". They had a patient with 40% reduction at the 300mg level, you would think the 400mg level is more good news.

all bios are risky though!

IBIO is a covid 19 play, sleeper pick. They're one of the few (maybe the only) one that has Fast Pharming technology -- if they create or gain access to the vaccine, they'll be able to pump them out quicker than anyone. They almost announced an offering the other day, then pulled it -- bull thesis would say they're receiving federal funds soon.

khaos288 said:

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Prognightmare said:

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If you're looking for a buy/ hold, BBY at this 65 level will not disappoint you in a year. JMO

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Any thoughts behind that? Just retail space being strong?

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It has good support at this level. The liquidity in the market and with lower gas prices it creates more discretionary income for households. You also have G5 phones coming out in Q3/Q4 which will drive traffic. BBY stands to benefit from all those factors, JMO.

JADA17 said:

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My father-in-law, who invests heavily in oil companies, said that OVV is over $8B in debt with not much cash. Said he wouldn't touch it. Any insight Old Army?

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He'll probably see your post if you respond to one of his posts. OVV doesn't want to seem to find a bottom yet. My 3.05 buy isn't looking so hot anymore.

any thought on some retail plays? Starbucks, Wal-Mart, etc. Seems with oil/gas prices falling and people refinancing and travel spending down, they should have some extra money to spend somewhere?

Interesting news about SNSS, I considered selling mine today, I shall wait a short while longer.

BBY

Prognightmare said:

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khaos288 said:

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Prognightmare said:

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If you're looking for a buy/ hold, BBY at this 65 level will not disappoint you in a year. JMO

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Any thoughts behind that? Just retail space being strong?

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It has good support at this level. The liquidity in the market and with lower gas prices it creates more discretionary income for households. You also have G5 phones coming out in Q3/Q4 which will drive traffic. BBY stands to benefit from all those factors, JMO.

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I like it. I'm a BBY owner.

I did see that recommendation..and that started my thinking about that segment. Any with decent dividends?

In this correction you should focus on growth over dividends because they will come back the fastest.

I did load up on some cheap SPHD down here. 36 month lows, and good performer for me in 401k.

BBY has actually done pretty well over the past 5 years compared to other retailers. Which is shocking to me - I haven't stepped in one in 5 years. TV's & other electronics have gotten so cheap, you can buy everything on Amazon, ETC, I thought BBY would go the way of GameStop

BBY has some sort of agreement with Amazon that keeps them pretty involved in the consumer electronics

What a close.

OXY got cut in half. It's down more than it's worth. That's amazing.