That's why there is a market, everyone can place their bets and put their money where their mouth is. I will watch the charts and see what they say, but right now, they tell me we have a higher probability of a downside move than an upside, but I'm just a redneck from Iowa.
IMO there will be a couple airlines that don't survive this. If you can short the correct ones, you don't have to close out the trade for taxes. ( unless that changed last year) Ride it til ZERO !
Cowardice is the greatest pandemic that has ever affected mankind.
MGM- MGM resorts international- Long term hold for me OGI- Organigram (pot stock) Short term more than likely.... APHA- Aphria (pot stock) PINS - pinterest- Partnering with scientists to launch "How we feel" app to track covidm cases. I like in the mid term CDAY - Ceridian Holdings (pot stock) XOM- Long term hold for me GM if it hits $10-$12 or lower PAYC- Paycom, was at $337 end of Feb., $165 today. Software that a LOT of small businesses use for HR, Payroll etc. Mostly larger small businesses though, so I don't think it's going to take a hit from all the really small businesses shuttering permanently that we're undoubtedly going to see/are seeing. WORK- Slack technologies inc. facilitates working from home.
Watching: DG- Dollar General PZZA- Papa Johns BA- Boeing SYY- SYSCO, once restaurants and schools reopen it should be GTG?
*Edit to add* I don't smoke weed, even though I mentioned 4 cannabis Stocks.
Any thoughts on ServiceMaster or the like being called in to sanitize before lots of places open back up?
Excellent foresight right there....
How about any of the companies that build crude oil/gas/diesel storage tanks? Given the low price of oil and Trump's urgency to buy crude, any chance that .Gov builds/buys a bunch of storage @ military bases all over the country?
I have nothing to do with the financial industry at all, just trying to think of stuff folks haven't already run up yet.
Uncle Sammie already said they would lease space in the Strategic reserves to oil companies
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
It’s been an interesting month. I just don’t know what to buy or hold. Have $20k in a gun slush fund and been thinking about dumping it into the market to play with. Informative thread, keep it flowing
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
That's why there is a market, everyone can place their bets and put their money where their mouth is. I will watch the charts and see what they say, but right now, they tell me we have a higher probability of a downside move than an upside, but I'm just a redneck from Iowa.
IMO there will be a couple airlines that don't survive this. If you can short the correct ones, you don't have to close out the trade for taxes. ( unless that changed last year) Ride it til ZERO !
I'm in the same camp, watching and waiting. But it could be a year wait and slow grind down. Weaker airlines will probably go away but larger airlines like Delta, United, Alaska, and SW will survive but may have greatly reduced value depending on how .gov bailout package works.
I think there is going to be some very grim financial news coming out in the next few months. It's going to take a year or two to get the economy re-booted. This isn't a one quarter and done thing.
"Life is tough, even tougher if your stupid" John Wayne
That's why there is a market, everyone can place their bets and put their money where their mouth is. I will watch the charts and see what they say, but right now, they tell me we have a higher probability of a downside move than an upside, but I'm just a redneck from Iowa.
IMO there will be a couple airlines that don't survive this. If you can short the correct ones, you don't have to close out the trade for taxes. ( unless that changed last year) Ride it til ZERO !
I'm in the same camp, watching and waiting. But it could be a year wait and slow grind down. Weaker airlines will probably go away but larger airlines like Delta, United, Alaska, and SW will survive but may have greatly reduced value depending on how .gov bailout package works.
I think there is going to be some very grim financial news coming out in the next few months. It's going to take a year or two to get the economy re-booted. This isn't a one quarter and done thing.
Most of you have lost your minds. Now is not the time to buy. It's only the beginning of the global recession...
Maximum despair and pessimism is the time to buy. Question is when does that happen. Buying something beaten down and cheap is not human nature.
Agreed. I am usually an optimist, but in this case, all indications at this time are pointing to a global recession. I will jump in at some point in the next 3-12 months and dollar cost average down.
