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24,871,685 Views | 233588 Replies | Last: 57 min ago by ProgN
oldarmy1
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Tanking? This is absolutely nothing at this point. We were down at one point 21 points Thursday AND Friday overnight.

I'm surprised it's this tame.
UpstateAg
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I'm still thinking we open green tomorrow. I'd love for certain stocks to tank, but don't see it. There was a protest in Greenville tonight (had to leave the restaurant early, which was packed without a mask in sight), but it was mainly white hipsters.
HustlerAggie
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RSP715 said:

Aston04 said:

Any security company/crime plays?

So far looking at ARLO- small cap home security camera company (but still long road to profitability makes me nervous)
GEO- private prisons (still dealing with covid- not sure there either)..

Both cheap...


I like where you're heads at, I just don't like those stocks. Anyone else?
NYSE: ADT
NYSE: BCO
?
Hustle Harder
Aston04
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Funny- I saw an ADT ad a couple minutes ago and thought duh I should have checked that out... Not wild about their valuation (already had a jump this month) and long term trends. Still a cheap stock (per share) that small time traders may pile into and could ride the wave here maybe...

Love Brinks in relation to this- but listed PE is insane... Gonna go through their latest conference call (they missed earnings) and more dd tonight...
$30,000 Millionaire
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-0.4% now. It will go green by open. Hardly tanking. I'm not sure anything can drop this thing with the bullish momentum so high.

Edit -0.3%. Haha

Edit 2: -0.23%. It may go green within the hour. What a joke.

Edit 3: -0.18%. Maybe even in the next ten minutes.
oldarmy1
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Down 6
IrishTxAggie
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Market likes order. Trump going head on at the problem to create calm has Wall St. cautiously optimistic.
oldarmy1
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I don't care what they do tomorrow. Buy July $270 Puts.
ryanhnc10
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Pretty ridiculous that this market is going to be positive tomorrow
Aston04
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The irony is the riots could be actually be good for the economy if it helps gets people out of quarantine and it proves the 'rona isn't worth holing up for anymore.
wanderer
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https://images.app.goo.gl/6wjqQ4BhCnQ5HYQe9
gougler08
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ryanhnc10 said:

Pretty ridiculous that this market is going to be positive tomorrow


Why? These riots don't really make a dent in terms of consumer behavior. Of course you could argue that we shouldn't be here because of the COVID environment but I don't think the riots move the market unless they last for another week or explode in to big time violence
gougler08
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oldarmy1 said:

I don't care what they do tomorrow. Buy July $270 Puts.


Think we still get to 313 and the 75% fib level and then pull back quite a bit?
BB675
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Thoughts on firearm stocks?
IrishTxAggie
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I think they're played out for now. There was a run on them when COVID lockdowns started.
Coachbro20
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oldarmy1 said:

I don't care what they do tomorrow. Buy July $270 Puts.


Is there a certain date in July you would go with? I have July 1,2,6,10,17 available for put option
Carlo4
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$30,000 Millionaire said:

-0.4% now. It will go green by open. Hardly tanking. I'm not sure anything can drop this thing with the bullish momentum so high.

Edit -0.3%. Haha

Edit 2: -0.23%. It may go green within the hour. What a joke.

Edit 3: -0.18%. Maybe even in the next ten minutes.


As soon as I saw the market down 1% tonight, I figured it would be up 1% at opening. On that pace so far. Go figure.

With this many consecutive gap ups, I can see a bear rally be swift as the support levels will be pretty weak once breaching 3,000. With VIX refusing to go below 25 for any reason, it just feels like we are due soon.

That means VIX will plummet tomorrow since I spoke about it
oldarmy1
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Second it hit green I bought ESMINI puts. No way I let that pass
$30,000 Millionaire
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oldarmy1 said:

I don't care what they do tomorrow. Buy July $270 Puts.


How convicted are you? I'm thinking about really loading up the gun.
texagbeliever
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oldarmy1 said:

Tanking? This is absolutely nothing at this point. We were down at one point 21 points Thursday AND Friday overnight.

I'm surprised it's this tame.
thanks oldarmy1 for helping me sleep better with my long positions tonight.
leoj
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oldarmy1 said:

I don't care what they do tomorrow. Buy July $270 Puts.
$30,000 Millionaire
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Wondering if this is a 100 contract put purchase on SPY.
IrishTxAggie
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gougler08
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oldarmy1 said:

Second it hit green I bought ESMINI puts. No way I let that pass


Hedge or you think we are heading down this week?
texagbeliever
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IrishTxAggie said:



umm interesting follow their Irish...
Mr President Elect
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texagbeliever said:

oldarmy1 said:

Tanking? This is absolutely nothing at this point. We were down at one point 21 points Thursday AND Friday overnight.

I'm surprised it's this tame.
thanks oldarmy1 for helping me sleep better with my long positions tonight.
As he is loading up on puts...
Brewmaster
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Coachbro20 said:

oldarmy1 said:

I don't care what they do tomorrow. Buy July $270 Puts.


Is there a certain date in July you would go with? I have July 1,2,6,10,17 available for put option
7/17 270p is what I'm going with...a little farther out and isn't much more $.
IrishTxAggie
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I follow Joe Kunkle. He retweeted it.
$30,000 Millionaire
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You should never really feel bad about long positions in quality entities. The market goes up over time.
Ranger222
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Futures green
$30,000 Millionaire
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I am manically laughing about this. Literally nothing will move this market down. Maybe not even a nuke going off.
texagbeliever
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willjohnathan said:

texagbeliever said:

oldarmy1 said:

Tanking? This is absolutely nothing at this point. We were down at one point 21 points Thursday AND Friday overnight.

I'm surprised it's this tame.
thanks oldarmy1 for helping me sleep better with my long positions tonight.
As he is loading up on puts...


I dont view that put as a he think markets are going down monday or even next week. It is a, hey cheap time to get in as protection. More of an eye on an escalation with china or a second wave hitting (though if that fails to happen 2 weeks from now in think these riots might open things up). When everything looks good that is when you want to think about protection.
IrishTxAggie
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The HKSE is up almost 3.5% so far. Albeit, it's early in the open there. Me thinks the Chinese didn't expect the removal of the special interest tag that gave them the easy capital access and the Chinese might do a little back pedaling soon.
Brewmaster
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$30,000 Millionaire
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The night is long to gap up. Ha.
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