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Misc Stock Market

Webberweather53 said:
I'm trying to squeeze as much as I can out of my current tank of gas, prices at the pump are plummeting, if I can go another week or two without having to fill up that'll save me quite a bit actually
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Yesterday I passed two gas stations at $1.67. Lexington, NC
 
I think ppl like me and you are seeing they might be out of work for a few weeks and taking what they have left out
 
Ok, I was wrong again. If we don't finish green today, I give up.

That's what it's waiting for...me to give up so it can have a rip-roaring rally! :)
 
DopplerWx said:
even disney down to 82, unreal. carnival down to 8!
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Now it's below 80.

I said I was waiting but if that stock goes to 60 relatively soon (and then maybe levels off, but if it's 60 and still tanking I'll wait even longer), I think I won't be able to pass on buying in a little bit. That's one stock I think is going to be good long term once this passes, but it's May earnings report is sure to be really awful (which is why I was originally saying I'd wait until then).

Honestly starting to think cruise lines are in trouble though. They're not involved in the stimulus. Carnival for sure I think might be in trouble.
 
GeorgiaGirl said:
Now it's below 80.

I said I was waiting but if that stock goes to 60 relatively soon (and then maybe levels off, but if it's 60 and still tanking I'll wait even longer), I think I won't be able to pass on buying in a little bit. That's one stock I think is going to be good long term once this passes, but it's May earnings report is sure to be really awful (which is why I was originally saying I'd wait until then).

Honestly starting to think cruise lines are in trouble though. They're not involved in the stimulus. Carnival for sure I think might be in trouble.
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agree on the cruise lines, already billions in debt and there is only so much $$ they can borrow until they go under. if this lasts 2-3 months im not sure i see how they survive it?
 
Dow has risen 600 in 20 minutes fwiw. Crude has come back nearly $2. Boeing back $6.
 
GaWx said:
Dow has risen 600 in 20 minutes fwiw. Crude has come back nearly $2. Boeing back $6.
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Yeah lets see if it continues through the close could end up only marginally bad on the day when considering how the last few weeks have gone....
 
ForsythSnow said:
There is, but we're still falling and can't see it. Just hope that when we hit it, we don't break our legs.
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The problem is the uncertainty with how long this economic slowdown will last, I thought no way it goes under 18k a week ago....now I am like no way it goes under 15k....every single point of growth since Trump was elected is gone.....it was 19,827 on Jan 20th 2017....
 
Jimmy Hypocracy said:
Guys, I don’t think there’s a floor
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Jimmy I went with you on CPE. Bought over 50K shares today at what I hope is a very good price. As soon as Opec and Russia get their affairs in order this thing ought to go boom! My main concern is the Crown Prince isn't going anywhere for a loooong time and Putin just ensured he's hanging around another decade so they don't have to be in big hurry to settle this. But if Corona starts spreading through Russia, which would seem reasonably likely, the pressure would be on. Maybe Trump can help here before the election?

Reading the financials on Callon they should be able to weather this mess for quite a while. At least long enough for barrels to get back over $40.
 
Never thought this was possible but coming from a credible source you heard this right: NEGATIVE oil prices might be coming soon. We’ve already basically hit $20/barrel before production has increased from Saudi Arabia &/or Russia, and given that the coronavirus will only be continuing to spread the next few-several weeks superimposed onto excess supply, crude oil might become, dare I say, practically worthless before long



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https://markets.businessinsider.com...irus-opec-war-boosts-supply-2020-3-1029009784
 
Webberweather53 said:
Never thought this was possible but coming from a credible source you heard this right: NEGATIVE oil prices might be coming soon. We’ve already basically hit $20/barrel before production has increased from Saudi Arabia &/or Russia, and given that the coronavirus will only be continuing to spread the next few-several weeks superimposed onto excess supply, crude oil might become, dare I say, practically worthless before long



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https://markets.businessinsider.com...irus-opec-war-boosts-supply-2020-3-1029009784
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Nerman said:
Jimmy I went with you on CPE. Bought over 50K shares today at what I hope is a very good price. As soon as Opec and Russia get their affairs in order this thing ought to go boom! My main concern is the Crown Prince isn't going anywhere for a loooong time and Putin just ensured he's hanging around another decade so they don't have to be in big hurry to settle this. But if Corona starts spreading through Russia, which would seem reasonably likely, the pressure would be on. Maybe Trump can help here before the election?

Reading the financials on Callon they should be able to weather this mess for quite a while. At least long enough for barrels to get back over $40.
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That’s the thing. The upside is huge. $5 a share in a steady market peaking above $25 when supply is really short. I think Callon has been around since the 50’s so they’ve weathered some storms before. I’m tempted to pick up another 2200 shares tomorrow. Need to avoid bankruptcy. That’s it
 
Webberweather53 said:
Never thought this was possible but coming from a credible source you heard this right: NEGATIVE oil prices might be coming soon. We’ve already basically hit $20/barrel before production has increased from Saudi Arabia &/or Russia, and given that the coronavirus will only be continuing to spread the next few-several weeks superimposed onto excess supply, crude oil might become, dare I say, practically worthless before long



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https://markets.businessinsider.com...irus-opec-war-boosts-supply-2020-3-1029009784
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On the surface it seems great unfortunately the story behind the story is going to be yet another nail in the coffin for the worldwide economy. This is actually worse than the effects of 9/11 from the standpoint of basically everything shutting down; not good.
 
Jimmy Hypocracy said:
That’s the thing. The upside is huge. $5 a share in a steady market peaking above $25 when supply is really short. I think Callon has been around since the 50’s so they’ve weathered some storms before. I’m tempted to pick up another 2200 shares tomorrow. Need to avoid bankruptcy. That’s it
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I might get in on this deal for a few thousand tomorrow.
 
Jimmy Hypocracy said:
That’s the thing. The upside is huge. $5 a share in a steady market peaking above $25 when supply is really short. I think Callon has been around since the 50’s so they’ve weathered some storms before. I’m tempted to pick up another 2200 shares tomorrow. Need to avoid bankruptcy. That’s it
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Jimmy Hypocracy said:
That’s the thing. The upside is huge. $5 a share in a steady market peaking above $25 when supply is really short. I think Callon has been around since the 50’s so they’ve weathered some storms before. I’m tempted to pick up another 2200 shares tomorrow. Need to avoid bankruptcy. That’s it
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Y’all are talking me into it I’m in . I bought an ass load of Boeing today. With the bailout coming the upside was too much to pass on . On February 24th just a month ago it was 317 a share . Obviously will take some time . But I guess tomorrow I’m buying oil


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Storm5 said:
Y’all are talking me into it I’m in . I bought an ass load of Boeing today. With the bailout coming the upside was too much to pass on . On February 24th just a month ago it was 317 a share . Obviously will take some time . But I guess tomorrow I’m buying oil


XOM! Easy $$$

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For those of you interested in getting in the game. I learned a lot using Robinhood app. It’s not the best but good for beginners and free


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NoSnowATL said:
Airlines, natural gas, railroad, cruise ship corporations . All smart gets right now. I wish I had about 250k to spend.


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I kind of want to buy Delta and add some Ford. What railroad would be good? I want to add some shipping too, but I haven't researched shipping companies. Only one I remember off the cuff is Dry Ships. But I got to think the energy sector is really offering some good deals. Drilling, exploration, processing, etc. I mean XOM ain't going out of business.
 
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