Prognightmare said:

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agdaddy04 said:

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Think DIS will have people taking profits or have a feeling it bottomed?

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I closed out my calls earlier because I think it pulls back under 90 on a market pullback. I still think we will have some good down days.

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I'm hoping this happens as well.

I never buy individual stocks but couldn't help myself and purchased a decent amount of Exxon this morning.

I think we've hit the bottom. Some companies may go out of business, but I think those will be bumps on the way up.

I think the only thing allowing a deeper bottom is if HCL doesn't end up working as well as predicted.

Alta said:

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I never buy individual stocks but couldn't help myself and purchased a decent amount of Exxon this morning.

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Good buy, you won't regret it.

247 is resistance on SPY

Anyone looking at CVX at 55 right now?

Thanks - thoughts on Marriott as a long term play as well? Seems like it will weather the storm and be a good golf for a couple years.

Alta said:

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Thanks - thoughts on Marriott as a long term play as well? Seems like it will weather the storm and be a good golf for a couple years.

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I don't follow Marriott but Bill Ackmann said he was buying it at these levels yesterday during his COVID19 diatribe and predictions of thousands of deaths.

Bill went a little off the rails yesterday. That was an interesting interview.

FrioAg 00 said:

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I've been a LONG investor in AMZN fora good while (wt avg purchase price in the 1200 range), but today I liquidated it all. I'm just being greedy and cannot help but capitalize on the differential in AMZN and several other value plays.

So now I've got cash again and I'm eyeballing S&P, MSFT and XOM for the right time.

It's crazy how well AMZN has held up when they make zero profit in their retail and distribution businesses. I'd trust the fundamentals of a heavy asset and unique capability business during a recovery all day. Heck, just take the S&P at a 50% return, and even if that's 5-10 years your returns aren't bad.

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AWS is where they are killing it right now. We're requiring significant amount more of database power.

gougler08 said:

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Sold March 20 covered calls on some of my portfolio on this last bounce, looking for a quick premium pocket

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Hey bud, you like writing CCs so you ought to start watching RH. The options premium on it are insane. Just and FYI.

krosch11 said:

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Bill went a little off the rails yesterday. That was an interesting interview.

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I felt the urge to slit my wrists just to avoid the carnage that awaits us while I was listening to him.

Prognightmare said:

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krosch11 said:

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Bill went a little off the rails yesterday. That was an interesting interview.

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I felt the urge to slit my wrists just to avoid the carnage that awaits us while I was listening to him.

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I think he broke down to tears at least twice during that! Very weird to see on live television and it seemed to shake the CNBC host up as well.

Is this another dead cat? I just don't see how it could be the bottom.

I lean to this is a bounce and we'll have some down days but I do think we're close to the end of this correction.

tam2002 said:

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Anyone looking at CVX at 55 right now?

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I bought some at 55 yesterday

I went ahead with the Marriott purchase. We shall see what happens but seems like a good hold. I usually do only index funds for several reasons but I think right now there are so many good individual plays out there. I have a set price when I purchase them that I will sell them at (if they get there) and go back to my index fund strategy.

He did and the host was trying to help him out because it was somewhat embarrassing.

Oh, and Bill loves to say "OK?" A LOT when he speaks.

I'm seeing h&s in a bear flag on SPY.. bought put for tomorrow so it will rip now

If you have any spare cash, DIS is a great buy under 90 for a long term hold.

Prognightmare said:

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gougler08 said:

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Sold March 20 covered calls on some of my portfolio on this last bounce, looking for a quick premium pocket

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Hey bud, you like writing CCs so you ought to start watching RH. The options premium on it are insane. Just and FYI.

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Thank you sir

Prognightmare said:

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If you have any spare cash, DIS is a great buy under 90 for a long term hold.

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Tried to get my wife to put some into Disney last night for the open but she didnt feel like fooling with it yesterday. Now its up nearly 10 bucks so far today.

Thanks - might put a little cash in there as well.

I posted an article a few pages back where it was discovered that Buffet was buying RH a couple of months ago. He doesn't trade stocks and I'm betting he's adding to Berkshire's holdings of it at these levels. Getting a Buffet stock cheaper than what he owns it is a buy in my book.

As in Restoration Hardware, RH?? The retailer??

Thoughts on $GOLD with all the money we're printing? A better way to play precious metals and coming inflation? Or am I thinking about this wrong?

Doubt you'll get it at 80 but I'm targeting 85-87 for re-entry.

Yes

Russia is hinting at attempting to make a deal with OPEC/Saudi Arabia; HCL is less toxic than other drugs tested on CV while showing a lot of promise and has good research results in South Korea already to back it, also it's already FDA approved and exists in pharmacies; China has 0 new cases (reportedly); Italys growth is declining in new cases; warmer weather is on the way which will encourage people that it wont spread as quickly (which may be true); the Fed has the IRs set at ~0%; everyone is getting checks sent out in the next 7-10 days that people can look to; companies in hard hit industries will be getting free or nearly free loans to bounce back.

There are simply too many positive things in the pipeline for this to not be the bottom. The only thing that could drive things down further if HCL doesn't work as well as claimed.

ETA: I read on the Covid forum that there are studies showing a weakening in the virus, which if I had to guess, will make headlines in the coming days. If not this exact study, I'm sure other positive studies and findings will role out soon given all of the researchers that are pouring over the virus.

I just funded my trading account, getting close to firing

Theoretical question. Suppose the US contains the virus and new cases begin to stagnate but around the world the virus continues to take off and surpasses 1M cases. Good for the market or bad?

Boat Shoes said:

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Thoughts on $GOLD with all the money we're printing? A better way to play precious metals and coming inflation? Or am I thinking about this wrong?

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I've been buying a lot of SLV calls. Besides gold and silver having these weird margin/liquidation slides, a buddy of mine says that the gold:silver ratio is out of whack (compared to historically) and that silver is due for a run to get back in line. I am probably buying them too close in though, my longest expiry is like 3 weeks out