irish pete ag06 said:
Checking in. The overnight gap down killed those AMZN calls I accidentally overnighted. Ended up dragging account down another 10%. (this may seem like a lot, but my account is plankton sized... for good reason)
Traded QQQ to breakeven. So -10% back to back days...
The lesson learned here is to just not trade when you're busy.
I shall be back tomorrow.
ProgN said:If you're right then that's a very bad omen for the markets. Instead of curtailing their spending and changing their habits, they're incurring more debt at the worst possible time. People with high credit card debts should be focusing on paying them down and eliminating them outright when the fed started raising rates. Those are variable and have been increasing. I've seen some cards as high at 24.99% which is predatory and will continue to increase, people are just putting themselves in an inescapable death spiral. This will lead to numerous defaults and bankruptcies. This will destroy their credit and will effect renters and even some job opportunities.Jet Black said:
Debating the cause? Seems pretty simple. Everything is expensive, including gas. People can't afford it so they are using credit.
https://www.marketwatch.com/amp/story/u-s-consumer-credit-growth-stays-strong-in-april-11654629287
Unfortunately, our economy is consumer based and when that dries up because no one can borrow or buy on credit, it's going to get very ugly. It will solve the inflation problem but a lot of lower and middle class working families will suffer because they've not recognized the risk. I don't want that. It saddens me because it didn't have to be this way, but this isn't the forum to go any further.
If anyone in here knows someone that's on that path, then you should help advise them if you really care about their wellbeing.
I'm beginning to think my recent HS graduate is smarter than he makes out. He is turning down acceptance into A&M and turning his attention to welding. Just a few thousand dollars will get him through certifications and complete an associates in welding, setting him up for a bachelors later on if he so chooses. But he will be done in 3 semesters and no debt. Will be able to work part - full time depending on the company schedule and likely able to buy his own place before his peers even sniff a bachelors.ProgN said:If you're right then that's a very bad omen for the markets. Instead of curtailing their spending and changing their habits, they're incurring more debt at the worst possible time. People with high credit card debts should be focusing on paying them down and eliminating them outright when the fed started raising rates. Those are variable and have been increasing. I've seen some cards as high at 24.99% which is predatory and will continue to increase, people are just putting themselves in an inescapable death spiral. This will lead to numerous defaults and bankruptcies. This will destroy their credit and will effect renters and even some job opportunities.Jet Black said:
Debating the cause? Seems pretty simple. Everything is expensive, including gas. People can't afford it so they are using credit.
https://www.marketwatch.com/amp/story/u-s-consumer-credit-growth-stays-strong-in-april-11654629287
Unfortunately, our economy is consumer based and when that dries up because no one can borrow or buy on credit, it's going to get very ugly. It will solve the inflation problem but a lot of lower and middle class working families will suffer because they've not recognized the risk. I don't want that. It saddens me because it didn't have to be this way, but this isn't the forum to go any further.
If anyone in here knows someone that's on that path, then you should help advise them if you really care about their wellbeing.
This morning another analyst gave an upgrade to $120(...welcome to the club pal) and down graded Oxy and Devon.Saltyag15 said:
XOM bounced off $105 like it was mad at it
Edit - pushed through 45 minutes later.
Farmer @ Johnsongrass, TX said:This morning another analyst gave an upgrade to $120(...welcome to the club pal) and down graded Oxy and Devon.Saltyag15 said:
XOM bounced off $105 like it was mad at it
Edit - pushed through 45 minutes later.
CVX and XOM spread has been approximately $80 for a long time. If XOM target is $120 then CVX should be $200 thereabouts...me likey a lot!
Holding the XOM's and CVX's longer term are probably the thing to do, but I'll lighten my load and move into more PDI and T.
I'm waiting on any credit rating agency to step up and upgrade XOM. Double dog dare them. Politically, I don't think they'll touch it until being forced to in 2Q results announcement or 3Q. This Administration won't like it one iota.
The biggest kicker of them all is - will the DOW30 bring XOM back into the fold? If so, the scramble to readjust portfolio's will absolutely drive XOM to $120.
I think you can't go wrong on most anything O&G today. But,...who am I, not a noted analyst.Tumble Weed said:Farmer @ Johnsongrass, TX said:This morning another analyst gave an upgrade to $120(...welcome to the club pal) and down graded Oxy and Devon.Saltyag15 said:
XOM bounced off $105 like it was mad at it
Edit - pushed through 45 minutes later.
CVX and XOM spread has been approximately $80 for a long time. If XOM target is $120 then CVX should be $200 thereabouts...me likey a lot!
Holding the XOM's and CVX's longer term are probably the thing to do, but I'll lighten my load and move into more PDI and T.
I'm waiting on any credit rating agency to step up and upgrade XOM. Double dog dare them. Politically, I don't think they'll touch it until being forced to in 2Q results announcement or 3Q. This Administration won't like it one iota.
The biggest kicker of them all is - will the DOW30 bring XOM back into the fold? If so, the scramble to readjust portfolio's will absolutely drive XOM to $120.
I just added more OXY and I own DVN.
Disagree on both about the downgrade.
My biggest 3 holdings right now are Oxy, mro, and fang.
I based my buying the smaller guys on pe and margins and drilling reports in the Permian Basin.
Even something that has been removed from a patient, does not include a patient in the image, and that has no identifying info can put you at risk if you don't have express written permission on how that image will be used and are not using an approved medical photography device / uploading to an approved medical electronic record.BaylorSpineGuy said:
Appreciate that. Was not sure but since no identifying info, i thought would be safe. Taken down as a measure of caution.
Could it be because of the rumor that Netflix was going to buy them?Chipotlemonger said:
ROKU up 10+% today.
I have a bunch of XOM and CVX and energy ETFsFarmer @ Johnsongrass, TX said:This morning another analyst gave an upgrade to $120(...welcome to the club pal) and down graded Oxy and Devon.Saltyag15 said:
XOM bounced off $105 like it was mad at it
Edit - pushed through 45 minutes later.
CVX and XOM spread has been approximately $80 for a long time. If XOM target is $120 then CVX should be $200 thereabouts...me likey a lot!
Holding the XOM's and CVX's longer term are probably the thing to do, but I'll lighten my load and move into more PDI and T.
I'm waiting on any credit rating agency to step up and upgrade XOM. Double dog dare them. Politically, I don't think they'll touch it until being forced to in 2Q results announcement or 3Q. This Administration won't like it one iota.
The biggest kicker of them all is - will the DOW30 bring XOM back into the fold? If so, the scramble to readjust portfolio's will absolutely drive XOM to $120.
I like!Ranger222 said:
Some fun weeklies rest of week
RBLX 36C .2
CHWY 32C .09
NKE 128C .08
I sold the last of my shares today, so look for it to rocket from here.Chipotlemonger said:
ROKU up 10+% today.
Farmer @ Johnsongrass, TX said:
Had to leave. Placed order to buy T shares at $20.99. Got filled. Yea! Low of the day. So far...
Have order to sell CVX 6/10 $190 CC's at $0.06. Don't think I'll get that one. Maybe tomorrow.
This thing feels toppy. Even CVX and XOM feel toppy. Might be a time to pullback a little and rest. (?)
