(05-26-2020, 04:20 PM)fenders53 Wrote:

(05-26-2020, 03:48 PM)divmenow Wrote:

(05-26-2020, 03:35 PM)fenders53 Wrote:

(05-26-2020, 03:05 PM)divmenow Wrote: About time value had its day in the sun. PH love that move today!!

That was pretty crazy.  Of course anything I have sold the last six months was also up whether it is truly a dog or not 

Everytime you keep saying this market is crazy we go up. Keep saying that  

BTW You better start buying some oil stocks. They will be next to explode on the upside. Just saying  

HRL and CPB are names on my buy list. Hope they get cheaper as the market rotates. 

How about those banks?? Did I see that up wow .... Big moves lol

The market has lost all connection with economic reality.  This is why I am always invested though.  I might be crying I am too cashy but I never miss out on a strong up day.  If the market crashes I'll be ready.  If if goes up every week for the rest of my life, that will work too lol. 

There is only one other time I recall a market this irrational.  You remember 1999?  No this isn't just the same, but the PEs will sure rhyme when some of these companies fail to post a meaningful profit without massaging the earnings report.  And they conveniently ceased giving guidance because they know damn well it might happen for several quarters.

(05-26-2020, 04:23 PM)divmenow Wrote:

(05-26-2020, 04:20 PM)fenders53 Wrote:

(05-26-2020, 03:48 PM)divmenow Wrote:

(05-26-2020, 03:35 PM)fenders53 Wrote:

(05-26-2020, 03:05 PM)divmenow Wrote: About time value had its day in the sun. PH love that move today!!

That was pretty crazy.  Of course anything I have sold the last six months was also up whether it is truly a dog or not 

Everytime you keep saying this market is crazy we go up. Keep saying that  

BTW You better start buying some oil stocks. They will be next to explode on the upside. Just saying  

HRL and CPB are names on my buy list. Hope they get cheaper as the market rotates. 

How about those banks?? Did I see that up wow .... Big moves lol

The market has lost all connection with economic reality.  This is why I am always invested though.  I might be crying I am too cashy but I never miss out on a strong up day.  If the market crashes I'll be ready.  If if goes up every week for the rest of my life, that will work too lol. 

There is only one other time I recall a market this irrational.  You remember 1999?  No this isn't just the same, but the PEs will sure rhyme when some of these companies fail to post a meaningful profit without massaging the earnings report.  And they conveniently ceased giving guidance because they know damn well it might happen for several quarters.

Yeah that was what we called the .com bubble era. I remember when CPQ and DELL were trading at $200 a share. Suckers lol

(05-26-2020, 04:35 PM)fenders53 Wrote:

(05-26-2020, 04:23 PM)divmenow Wrote:

(05-26-2020, 04:20 PM)fenders53 Wrote:

(05-26-2020, 03:48 PM)divmenow Wrote:

(05-26-2020, 03:35 PM)fenders53 Wrote: That was pretty crazy.  Of course anything I have sold the last six months was also up whether it is truly a dog or not 

Everytime you keep saying this market is crazy we go up. Keep saying that  

BTW You better start buying some oil stocks. They will be next to explode on the upside. Just saying  

HRL and CPB are names on my buy list. Hope they get cheaper as the market rotates. 

How about those banks?? Did I see that up wow .... Big moves lol

The market has lost all connection with economic reality.  This is why I am always invested though.  I might be crying I am too cashy but I never miss out on a strong up day.  If the market crashes I'll be ready.  If if goes up every week for the rest of my life, that will work too lol. 

There is only one other time I recall a market this irrational.  You remember 1999?  No this isn't just the same, but the PEs will sure rhyme when some of these companies fail to post a meaningful profit without massaging the earnings report.  And they conveniently ceased giving guidance because they know damn well it might happen for several quarters.

Yeah that was what we called the .com bubble era. I remember when CPQ and DELL were trading at $200 a share. Suckers lol

And now we see stocks running that will clearly require a miracle to not BK and re-org their shareholders down to zero.  And if they do survive by chance, it will take years to battle back to a sub 50 PE and a tiny dividend.  It's nothing but Momo traders and new investor kids about to get a hard lesson in "solvency matters".  I like to trade some myself, but I am not going to trade wheel barrows full of horseshiiXT and hope the music doesn't stop while I have the handles lol.  This forum membership knows the music will indeed stop.

(05-26-2020, 04:55 PM)divmenow Wrote:

(05-26-2020, 04:35 PM)fenders53 Wrote:

(05-26-2020, 04:23 PM)divmenow Wrote:

(05-26-2020, 04:20 PM)fenders53 Wrote:

(05-26-2020, 03:48 PM)divmenow Wrote: Everytime you keep saying this market is crazy we go up. Keep saying that  

BTW You better start buying some oil stocks. They will be next to explode on the upside. Just saying  

HRL and CPB are names on my buy list. Hope they get cheaper as the market rotates. 

How about those banks?? Did I see that up wow .... Big moves lol

The market has lost all connection with economic reality.  This is why I am always invested though.  I might be crying I am too cashy but I never miss out on a strong up day.  If the market crashes I'll be ready.  If if goes up every week for the rest of my life, that will work too lol. 

There is only one other time I recall a market this irrational.  You remember 1999?  No this isn't just the same, but the PEs will sure rhyme when some of these companies fail to post a meaningful profit without massaging the earnings report.  And they conveniently ceased giving guidance because they know damn well it might happen for several quarters.

Yeah that was what we called the .com bubble era. I remember when CPQ and DELL were trading at $200 a share. Suckers lol

And now we see stocks running that will clearly require a miracle to not BK and re-org their shareholders down to zero.  And if they do survive by chance, it will take years to battle back to a sub 50 PE and a tiny dividend.  It's nothing but Momo traders and new investor kids about to get a hard lesson in "solvency matters".  I like to trade some myself, but I am not going to trade wheel barrows full of horseshiiXT and hope the music doesn't stop while I have the handles lol.  This forum membership knows the music will indeed stop.

Must be all those young kids on Robinhood. Can't go the casinos so let it ride on stocks 

And the ones they bid up all all the tech stocks. But like I said before. Just because we say the market is crazy doesn't mean it will go down lol

I think they may run CCL and DAL back to $40 hahah!!

(05-27-2020, 09:34 AM)fenders53 Wrote: Closed all the option legs of my DE short for a 55% gain within 4 trading hours.  The underlying stock never went my way more than about a dollar and it was brief, now it is running again.  Implied volatility swings do crazy things.  The trade was engineered to limit max loss, but still, I got lucky.  

Very little to buy again today, but I'll keep looking.  If will be interesting to see if SPY can close above 300.

(05-27-2020, 09:44 AM)Otter Wrote:

(05-27-2020, 09:34 AM)fenders53 Wrote: Closed all the option legs of my DE short for a 55% gain within 4 trading hours.  The underlying stock never went my way more than about a dollar and it was brief, now it is running again.  Implied volatility swings do crazy things.  The trade was engineered to limit max loss, but still, I got lucky.  

Very little to buy again today, but I'll keep looking.  If will be interesting to see if SPY can close above 300.

While the run the past few days has been fun, my gut feeling is that we are in a range-bound, sideways market with SPY 300 forming the upper bound of the range (my best guess is 270ish on the lower bound). 

I'm holding an additional chunk of cash to deploy, but kinda just watching and thinking about it at the moment.

(05-27-2020, 10:28 AM)divmenow Wrote: added EOG, XOM and MO

I am now at full positions on EOG and XOM

(05-27-2020, 10:57 AM)fenders53 Wrote:

(05-27-2020, 10:28 AM)divmenow Wrote: added EOG, XOM and MO

I am now at full positions on EOG and XOM

How did you do in INO?  I see it had a pretty nice run.  Choppy of course, but these are spec biotechs so that is normal.