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Misc Stock Market

This is insane we may see a 50% plus decrease in stocks from January to april.
 
It will be crazy if "only" 1 million people die from this virus and all stocks end up down 50%. Makes you think the market was just one event away from crashing no matter the event
 
Storm5 said:
Jimmy futures are down , maybe we can get CPE for mid 30s lol


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lol ?

this will be one to watch tomorrow

“Nano cap Applied DNA Sciences (APDN+121.1%) is the latest tiny company to enjoy a COVID-19-related pop. In this case, in response to its announcement that Italy's Ministry of Health has signed off on a preclinical trial of a COVID-19 vaccine candidate (one of four) that the company is jointly developing with collaboration partner Takis Biotech.”

This news hit as markets closed earlier
 
A couple things to consider

A) Trump is giving his presser before lunchtime tomorrow which means this will be GOOD news for the markets. If it were bad he would wait until late in the day.
B) when he comes out speaking of big money bailouts, which companies stocks are going to explode? Airlines and hotels have been hinted at for a while.

What will go boom tomorrow after talks of bailouts and stimulus checks to the American people?
 
Jimmy Hypocracy said:
A couple things to consider

A) Trump is giving his presser before lunchtime tomorrow which means this will be GOOD news for the markets. If it were bad he would wait until late in the day.
B) when he comes out speaking of big money bailouts, which companies stocks are going to explode? Airlines and hotels have been hinted at for a while.

What will go boom tomorrow after talks of bailouts and stimulus checks to the American people?
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Maybe Boeing
 
Ok so if I am going to jump into the stocks market. I gather use Robinhood? Then stick to what stocks? For a beginner
 
Matthew70 said:
Ok so if I am going to jump into the stocks market. I gather use Robinhood? Then stick to what stocks? For a beginner
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There is no "stick to this stock" right now. Everything is in free fall.. maybe you can pick one and get lucky. If you are in for long run then just stick money in VOO or SPY, but you will likely see losses before gains. Im sure there are some individual stocks that have short term upside but who knows what they will be.

If you have the balls put money in disney, apple, Microsoft, or tesla, all crushed right now but have significant upside. Or just bet on cruise stocks and hope for best lol
 
Broken024 said:
There is no "stick to this stock" right now. Everything is in free fall.. maybe you can pick one and get lucky. If you are in for long run then just stick money in VOO or SPY, but you will likely see losses before gains. Im sure there are some individual stocks that have short term upside but who knows what they will be.

If you have the balls put money in disney, apple, Microsoft, or tesla, all crushed right now but have significant upside. Or just bet on cruise stocks and hope for best lol
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So when I join Robinhood they offer a free stock Apple Ford
 
Broken024 said:
There is no "stick to this stock" right now. Everything is in free fall.. maybe you can pick one and get lucky. If you are in for long run then just stick money in VOO or SPY, but you will likely see losses before gains. Im sure there are some individual stocks that have short term upside but who knows what they will be.

If you have the balls put money in disney, apple, Microsoft, or tesla, all crushed right now but have significant upside. Or just bet on cruise stocks and hope for best lol
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Replace Tesla with Googl/Goog (Alphabet/Google) and you have a good list. First three you have named are blue chips but Tesla holds humongous risk to me. It was probably overvalued to begin with last fall and it's a one company that doesn't belong with the others deal.

I would take the Apple offer.
 
GeorgiaGirl said:
Replace Tesla with Googl/Goog (Alphabet/Google) and you have a good list. First three you have named are blue chips but Tesla holds humongous risk to me. It was probably overvalued to begin with last fall and it's a one company that doesn't belong with the others deal.

I would take the Apple offer.
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I told people to short Tesla at $950.
 
Well just waiting to verify bank account then I’m on board the southernwx stock train
Is setting up a free options trading good idea
 
CPE up 8% premarket along with crude oil.

Interesting list here that includes Callon along with other energy companies that have been hardest hit by the combo of covid-19 and oil wars.

www.investors.com

Coronavirus Crash Reduces 18 Major Companies To Penny Stocks

The Coronavirus market crash is doing the unspeakable: Turning major stocks into pennies. Hope you sold like the pros told you to.
www.investors.com www.investors.com

Also, Callon's press release from this week if you haven't seen it:

www.investors.com

Coronavirus Crash Reduces 18 Major Companies To Penny Stocks

The Coronavirus market crash is doing the unspeakable: Turning major stocks into pennies. Hope you sold like the pros told you to.
www.investors.com www.investors.com

HOUSTON, March 17, 2020 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) today provided an update on its 2020 development program, prioritizing free cash flow and financial flexibility in 2020 and beyond. The revised plan accounts for recent changes in the macroeconomic outlook, including the following highlights.

Full disclaimer. I do own this. DCA in yesterday between .44 - .40. Cost basis .42. At this time it is a medium term trade for me 6 months to 1 year.
 
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I’ve had a small auto investment account for about a year where I don’t do anything and the computer does it for me. This is what I have right now.
 
Matthew70 said:
Well just waiting to verify bank account then I’m on board the southernwx stock train
Is setting up a free options trading good idea
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I did this once, $1500 I'll never see again..... heck I don't even remember the name of it to see if it's still in existence. Used to be Thec or tnec or something along those lines on the exchange, was an oil exploration company that kept digging dry wells in Ak. Bought 1k shares at just a little over $1 each, friend of mine who had great success doing this very thing told me it was sure to get back to $10.... it dropped to .07 and never recovered. Be careful my friend
 
metwannabe said:
I did this once, $1500 I'll never see again..... heck I don't even remember the name of it to see if it's still in existence. Used to be Thec or tnec or something along those lines on the exchange, was an oil exploration company that kept digging dry wells in Ak. Bought 1k shares at just a little over $1 each, friend of mine who had great success doing this very thing told me it was sure to get back to $10.... it dropped to .07 and never recovered. Be careful my friend
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Yes I would suggest to open a account and only put a few hundred in. Play around for a quarter and learn. I let the suits with handle the big stuff.


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NoSnowATL said:
Yes I would suggest to open a account and only put a few hundred in. Play around for a quarter and learn. I let the suits with handle the big stuff.


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I just wish I could remember the name of the company to see what eventually happened, I think they were bought out or went under completely.... we're talking almost 20 yrs ago so
 
metwannabe said:
I did this once, $1500 I'll never see again..... heck I don't even remember the name of it to see if it's still in existence. Used to be Thec or tnec or something along those lines on the exchange, was an oil exploration company that kept digging dry wells in Ak. Bought 1k shares at just a little over $1 each, friend of mine who had great success doing this very thing told me it was sure to get back to $10.... it dropped to .07 and never recovered. Be careful my friend
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I’ve gone all in on the nam before so this is a small risk in comparison


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metwannabe said:
I did this once, $1500 I'll never see again..... heck I don't even remember the name of it to see if it's still in existence. Used to be Thec or tnec or something along those lines on the exchange, was an oil exploration company that kept digging dry wells in Ak. Bought 1k shares at just a little over $1 each, friend of mine who had great success doing this very thing told me it was sure to get back to $10.... it dropped to .07 and never recovered. Be careful my friend
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Good advice. Anyone who has studied or followed penny stocks knows that much of the “news” items put out on penny stock companies is actually merely just PRs that the companies, themselves, put together and are quite often merely fake news to allow for a “pump and dump”:

en.m.wikipedia.org

Pump and dump - Wikipedia

en.m.wikipedia.org en.m.wikipedia.org

These “news release” PRs will make it look like a company is doing real things, but often there is no real company at all and instead merely one or a couple of stockholders just looking to “dump” their shares right after the “pump” causes a sudden rise.

These fake news PRs often take advantage of the then current big news such as epidemics. So, in the current case, be very wary of fake news from penny stick companies “touting” a cure or vaccine for the virus. It is sad that certain folks will take advantage of others like this. You’d think these things wouldn’t occur due to the SEC watching over, but unfortunately the SEC has missed a whole lot of these. If they are caught, it is often too late to prevent speculators from losing their money to pump and dump schemes.

How do I know about these? Sadly, I lost money on a few of these in the year 2000 when I was naive and believed many of these PRs because I figured the SEC wouldn’t allow for fake news. Back then, penny stock trading chat rooms were often used to tout these fake companies. Perhaps today it is done differently (maybe through Facebook??). I don’t know. But never again as I haven’t even touched a penny stock in nearly 20 years. I lost, but I didn’t lose the lesson.
 
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metwannabe said:
I did this once, $1500 I'll never see again..... heck I don't even remember the name of it to see if it's still in existence. Used to be Thec or tnec or something along those lines on the exchange, was an oil exploration company that kept digging dry wells in Ak. Bought 1k shares at just a little over $1 each, friend of mine who had great success doing this very thing told me it was sure to get back to $10.... it dropped to .07 and never recovered. Be careful my friend
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LOL...I was the lucky holder of ENRON back in the day....It can turn ugly in a hurry...You live & learn
 
I can’t stay away from Boeing . Just bought more . Good grief just last Friday Boeing was around 170


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Ok boys, all in on CPE. Now it's going to tank. Sorry. :(

Also bought a few shares of DAL, CSX, GFI, AG, DIS, SAND, WPM, and F.
 
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