I wanted Boeing at $92 earlier..some of the things I’m reading about businesses declaring bankruptcy before receiving bailouts is concerning though
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Round Oak Weather
Member
They’ve already had all those problems with the planes and all that so they are concerning to me if all this goes on for another month or two they could get dirt cheap. I think Delta or say JetBlue may be a better bet with weathering the storm.
Storm5
Member
Crude oil prices through the roof today. Big day so far
Nerman
Member
Just keep in mind that if nothing changes in oil the surpluses in oil beginning 4/1 could be massive. And that would drive prices down further.
Goldman slashes oil forecast, sees US crude at $20 per barrel
Goldman Sachs cut its oil forecast based on the coronavirus-induced decline in demand, as well as a coming supply glut as producers prepare to ramp up production.
Oil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and "stock markets could easily shed another 30-40% of their values," one analyst said.
I'm personally ready to ride the wave but it's probably going to be bumpy.
The market knows this already, though. Just keep that in mind.Just keep in mind that if nothing changes in oil the surpluses in oil beginning 4/1 could be massive. And that would drive prices down further.
Goldman slashes oil forecast, sees US crude at $20 per barrel
Goldman Sachs cut its oil forecast based on the coronavirus-induced decline in demand, as well as a coming supply glut as producers prepare to ramp up production.www.cnbc.com
Oil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and "stock markets could easily shed another 30-40% of their values," one analyst said.www.cnbc.com
I'm personally ready to ride the wave but it's probably going to be bumpy.
Nerman
Member
Saudi Aramco to cut refinery runs in April, May to boost oil exports: official
Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude oil, a company official said on Thursday.
DUBAI (Reuters) - Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude oil, a company official said on Thursday.
How much of it is saber-rattling?
Nice..and just a thought..when you’re holding oil stocks you’re always just one oil reserve bombing away from a take off ?
Need trump to cut off oil from the Saudis. Americans paying $2.50 a gallon isn’t going to cause people to starve. There’s no demand anyway right now. America is trying to become energy independent so this needed to happen like yesterday.
Need trump to cut off oil from the Saudis. Americans paying $2.50 a gallon isn’t going to cause people to starve. There’s no demand anyway right now. America is trying to become energy independent so this needed to happen like yesterday.
I found this earlier:
“Oil prices rose Tuesday morning following comments by Treasury Secretary Steven Mnuchin that the U.S. needs to buy even more oil at today's low prices. Government purchases of huge amounts of oil would essentially equate to a bailout of the U.S. oil industry, because several U.S. producers would likely go out of business if demand and prices stay low. Brent crude futures, the international benchmark, rose 3.9% to $25.85...”
“Oil prices rose Tuesday morning following comments by Treasury Secretary Steven Mnuchin that the U.S. needs to buy even more oil at today's low prices. Government purchases of huge amounts of oil would essentially equate to a bailout of the U.S. oil industry, because several U.S. producers would likely go out of business if demand and prices stay low. Brent crude futures, the international benchmark, rose 3.9% to $25.85...”
Nerman
Member
Yeah, they are going to fill up the reserve while it's dirt cheap. Makes total sense.
Nerman
Member
Trump needs to call his buddies and be like, "hey, you remember that whole Khashoggi thing I let slide? Yeah, you still owe me one for that."
Then call his other buddy and be like, "hey, you remember that meeting in Helskinki when we were on live TV? Yeah, you still owe me one for that."
Then call his other buddy and be like, "hey, you remember that meeting in Helskinki when we were on live TV? Yeah, you still owe me one for that."
NCSNOW
Member
To funny. I gave you insider information last night.
NCSNOW
Member
Yes it is. Oil will always have a customer. Commodity dirt cheap, was a slam dunk waiting to happen.
Storm5
Member
Up 26 percent . Largest single day gain ever for crude
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Storm5
Member
Boeing down 69.16 Percent YTD . Oooffff
The climb will be fun , just might take some time
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The climb will be fun , just might take some time
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Just made $45 in 5 minutes trading TVIX ETN..let me just say: WHAT A RUSH! God almighty
Storm5
Member
Jimmy’s day trading tips!!!!
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NoSnowATL
Member
I was only down 1% today. I’ll take it. Long term I’m looking very nice. Up 1% post .
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Nerman
Member
Dude, if there is one thing I strongly advise novices against (including me) is gambling with volatility. Do not hold overnight. Look what happened with XIV. It literally blew up overnight. And messing with leveraged volatility is like playing Roulette...ask me how I know. UVXY, SVXY, etc. are for the big boys to play with or money you really don't care about losing.
Webberweather53
Meteorologist
We're currently seeing the lowest crude oil prices since 1999 even in light of today's gains. If we somehow slip too far below $20/barrel, we'll be at levels not seen since the 1950s!
Round Oak Weather
Member
I think E*TRADE is down because every time I try to go in to access my account it says it’s temporarily unavailable so idk if I should go with another group.
Still waiting on robinhood to drop the deposit so I can verify account and get in the "throw my money away" gameI was only down 1% today. I’ll take it. Long term I’m looking very nice. Up 1% post .
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NoSnowATL
Member
Do NOT listen to me gambling with ETN’s! That stuff is not for the faint of heart! Nearly had a heart attack ?The swings are sometimes too much to handle, even for a gambling man such as myself.
I sold 3 minutes before the bell. I’ve been reading not to hold overnight. These things like to split. It’s hard to keep it high for very long expecially when we have no clue what narrative will drive the market overnight and into the next day. It will crash and burn at some point but there’s still reason to believe money is to be made with volatility stocks as we’re not even at the height of this pandemic yet. What happens when we wake up one morning and cases in New York City have tripled overnight. It’s just a volatile market right now. Noted though. I will most definitely tread lightly ??
Storm5
Member
Cause jimmy has everyone on Southernwx creating an account
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I should have held TVIX overnight. After hours going boom...smh
I’ll catch it on the dip tomorrow. No way the market booms going into the weekend.
I’ll catch it on the dip tomorrow. No way the market booms going into the weekend.
Storm5
Member
FML
Nerman
Member
Check this out Jimmy. XIV literally lost about 90% overnight. Anyone with money in it, poof. That 'used' to be one of the most popular. It was from Credit Suisse also.
www.marketwatch.com
And those that tried to sue them just lost.
I don't think you want to be inverse right now, at all. The days for that were prior to everything blowing up. If I was going to look at anything it would be SVXY because you're guaranteed decay.
Dangit, now you got me looking at SVXY call options.
XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money’
The VelocityShares Daily Inverse VIX Short Term ETN was created to give traders an opportunity to bet against a rise in volatility — the calmer the markets,...
www.marketwatch.com
And those that tried to sue them just lost.
I don't think you want to be inverse right now, at all. The days for that were prior to everything blowing up. If I was going to look at anything it would be SVXY because you're guaranteed decay.
Dangit, now you got me looking at SVXY call options.
Robinhood crashes too much.
I don't see it going below $20 and staying there, other than a spike...I'm not even sure we get that.
Storm5
Member
Nikki Haley reigned from Boeing . Hell yes I’ll be buying more tomorrow when it dips
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These companies that get this money better not give bonuses to execs and buy shares of their companies stock with it.
NoSnowATL
Member
Up 2% after hours.... come to daddy
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Storm5
Member
Two people said today that when the bailout happens Boeing’s stock will drop further before recovering . I guess I’ll wait and see when happens with the stimulus package that’s passed and hope these guys are right and it drops further so I can scoop up a boatload
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Storm5
Member
Webberweather53
Meteorologist
I highly doubt crude has reached the floor yet, the crude market has never seen anything like this... Once Saudi Arabia & Russian production increase at the start of April in concert w/ continually lowering demand, I expect prices to dip well into the 10s, perhaps even below $10/barrel.
Sheash the Iran we know may cease to exist after the virus and the oil crash.
Downeastnc
Member
Not a good look there Sen Burr.....not sure how I feel about this....is there anything illegal here, insider information type laws, someone school me on what Senators and politicians in general can and cannot do with this kind of information.....
politicalwire.com
“Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.”
“As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.”
“A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.”
GOP Senator Dumped Stock Before Coronavirus Crisis
ProPublica: "Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading
politicalwire.com
“Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.”
“As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.”
“A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.”