What Did You Buy Today?

[fenders53]

(04-08-2020, 02:41 PM)stockguru Wrote: Decided after all that to take a position in BA. I have missed this stock over the years only to see it triple. These levels here are low enough where I can wait it out. Its so heavily shorted that any positive news and this could go up $40 in a day. if it goes lower I will just add more.

(04-09-2020, 08:56 AM)divmenow Wrote:

(04-09-2020, 08:21 AM)fenders53 Wrote:

(04-09-2020, 07:59 AM)divmenow Wrote:

(04-09-2020, 07:47 AM)fenders53 Wrote: New unemployment claims drop to only 6 million this week.

Green, green green!!!! 

New highs coming!! Cruise ships are back to sailing, Airlines are at full capacity, Reits are getting paid from tenants, look at those restaurants serving people, Gas pumps crowded, and the tumbleweeds are off the streets!!

Woo hoo buy buy buy!! I’m in for 100 BA ?

Exactly.  At some point it's just willful ignorance that should be punished.  I've seen plenty of panic buying over the years, but there was usually some rational reason driving it to some degree.  This isn't people adding their weekly 401K contribution.  

Imagine a year from now when companies are crushing year over year quarters by 20%.  I'm gonna bet the market will rejoice that too.

No one is buying stocks. No insider buys and most every company has suspended stock buy backs. That’s a true fact!! So who’s pouring money into the market?? You got it the fed!! And how much longer can they expect this to go on?? No earnings for at least 3-4 quarters. Even when the market was at new highs the S&P was projected to only grow at 2%. 

So Chew in that for a moment. lol. You would think if you were short you would make a killing at these levels   

I haven’t bought anything for a while snd I will continue to be patient and wait. I’m not chasing nothing with 0 percent growth!!

The FED can not buy stocks without Congressional approval.  There are theories they can arrange it indirectly.  Where these shares would end up I have no knowledge but it sounds shady.  They can definitely loan money to fools that want to buy now.  It hasn't exactly been a bad idea for two weeks.  In any event, my sell orders execute like clockwork.  Trimming again today.  And no thanks to any real shorting.  I'll hold a few long dated SPY puts for a but of a hedge and call it good.  Selling covered calls is shorting in a way.  Which reminds me I have to roll a few of those forward later today.  A couple of those didn't work out lol. I'll have to sell another week or two of premium.