N4L Posted June 9, 2020 Share Posted June 9, 2020 I bought some msft options this morning when they opened down. The options are already up 40% with room to run Seemed pretty clear to me that they are going to break through their upper limit and set a new high Msft price per share was basically what it was precorona but their prospects have certainly improved. I think it's going to rise above 200 Quote Link to comment Share on other sites More sharing options...
Gmen Posted June 9, 2020 Share Posted June 9, 2020 If you told me in April that my stocks would bounce back by early June I would never have believed you. 1 Quote Link to comment Share on other sites More sharing options...
Mox Posted June 9, 2020 Share Posted June 9, 2020 5 minutes ago, Gmen said: If you told me in April that my stocks would bounce back by early June I would never have believed you. The market is wild and unpredictable. Very happy with my purchases in March/April now. Quote Link to comment Share on other sites More sharing options...
BobbyPhil1781 Posted June 9, 2020 Share Posted June 9, 2020 (edited) 49 minutes ago, Bullet Club said: The market is wild and unpredictable. Very happy with my purchases in March/April now. I didn't pull the trigger b/c I didn't know how far things would dip and didn't know how much of a toll this virus would take on everything. I definitely missed out on a lot. Oh well, live and learn. EDIT: And TBH, there's a chance things could dip right back down if all the openings and riots continue to spread the virus. If we are forced to enter another lockdown, it could be even more devastating. Edited June 9, 2020 by JTagg7754 Quote Link to comment Share on other sites More sharing options...
Mox Posted June 9, 2020 Share Posted June 9, 2020 1 hour ago, JTagg7754 said: I didn't pull the trigger b/c I didn't know how far things would dip and didn't know how much of a toll this virus would take on everything. I definitely missed out on a lot. Oh well, live and learn. EDIT: And TBH, there's a chance things could dip right back down if all the openings and riots continue to spread the virus. If we are forced to enter another lockdown, it could be even more devastating. If that's the case I'll just buy on the down again Quote Link to comment Share on other sites More sharing options...
BobbyPhil1781 Posted June 9, 2020 Share Posted June 9, 2020 4 minutes ago, Bullet Club said: If that's the case I'll just buy on the down again Yeah, I won't repeat the same mistakes lol 1 Quote Link to comment Share on other sites More sharing options...
Shockwave Posted June 10, 2020 Share Posted June 10, 2020 On 6/9/2020 at 1:46 PM, Gmen said: If you told me in April that my stocks would bounce back by early June I would never have believed you. Still holding that Tesla? Quote Link to comment Share on other sites More sharing options...
Gmen Posted June 10, 2020 Share Posted June 10, 2020 20 minutes ago, Shockey1979 said: Still holding that Tesla? Half of what I originally had. But that's the biggest reason I bounced back. Wish I put everything I had in it when it was $360 in March. SMH 2 Quote Link to comment Share on other sites More sharing options...
N4L Posted June 11, 2020 Share Posted June 11, 2020 I would be selling all airline, cruise line, hotel stocks right now. They are all a mirage. coronavirus cases are creeping up (significantly in some places that have "opened up") and I think the market is overestimating how well these companies will do, even IF things 'go back to normal' soon. Things will open, and none of these companies will be profitable in the short term. Especially airlines, they have waaaay too much overhead to actually make any money anytime soon. there was a huge surge in these stocks over the past week - 10 days. It was too much too fast. I think there are going to be plenty of people who owned these companies precorona who look to get tf out while they can over the next week. I know a lot of people here were talking about how well they did on the cruise lines/airlines, take your profits and run. Its a mirage Hell, I would even throw oil in there too. Why on earth are all of these oil stocks up so much? Consumer demand has increased, sure, but not enough to justify the jump. I think demand is overstated and the risk of potential further shut downs is real I am not a short seller, but I will be buying some puts. There are going to be some hard lessons learned by some retail investors over the next few months who have only started following the market since march/april and have only seen things go up lol 1 Quote Link to comment Share on other sites More sharing options...
dcat Posted June 11, 2020 Share Posted June 11, 2020 Markets had been looking like a V. Now it's starting to look like 1 Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted June 11, 2020 Share Posted June 11, 2020 I feel like the last month or so surge has been pure hype and excitement, but not rooted in reality. People wanting to believe “things are back to normal” and are starting to realize they aren’t. Not yet anyway. 3 Quote Link to comment Share on other sites More sharing options...
naptownskinsfan Posted June 11, 2020 Share Posted June 11, 2020 On 6/9/2020 at 2:41 PM, JTagg7754 said: I didn't pull the trigger b/c I didn't know how far things would dip and didn't know how much of a toll this virus would take on everything. I definitely missed out on a lot. Oh well, live and learn. EDIT: And TBH, there's a chance things could dip right back down if all the openings and riots continue to spread the virus. If we are forced to enter another lockdown, it could be even more devastating. You are supposed to be the positive guy? Or is that only for the Covid thread? I was almost at a point where I was going to pull a large sum of money from my mutual funds. Instead, I ended up taking enough money to cover my salary through the summer. In one month timeframe (april to May) I regained all of that money back, plus what it lost in the initial downturn and covered what I took out to pay my taxes earlier in the year. It was crazy. Quote Link to comment Share on other sites More sharing options...
naptownskinsfan Posted June 11, 2020 Share Posted June 11, 2020 And sure enough, the market took a big hit today with concerns over cases rising in some states. Quote Link to comment Share on other sites More sharing options...
BobbyPhil1781 Posted June 11, 2020 Share Posted June 11, 2020 34 minutes ago, naptownskinsfan said: You are supposed to be the positive guy? Or is that only for the Covid thread? I was almost at a point where I was going to pull a large sum of money from my mutual funds. Instead, I ended up taking enough money to cover my salary through the summer. In one month timeframe (april to May) I regained all of that money back, plus what it lost in the initial downturn and covered what I took out to pay my taxes earlier in the year. It was crazy. Just the covid thread lol. Someone said we needed a new positive guy so I nominated myself lol. I'm generally a realist. Quote Link to comment Share on other sites More sharing options...
jetsfan4life51 Posted June 12, 2020 Share Posted June 12, 2020 On 6/8/2020 at 8:46 PM, N4L said: I bought some msft options this morning when they opened down. The options are already up 40% with room to run Seemed pretty clear to me that they are going to break through their upper limit and set a new high Msft price per share was basically what it was precorona but their prospects have certainly improved. I think it's going to rise above 200 I bought a bunch last month and it's been up but there are days where it drops a lot. I'm expecting overall huge numbers especially with new consoles. Quote Link to comment Share on other sites More sharing options...
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