Operation Blood in the Streets

[ZigZagZeke]

Today the DOW was up over 900 points. OMG....should have bought some _______ last week.

Aloha, Mark

It was up on optimism about a possible vaccine for COVID-19. All froth. The market fundamentals right now are awful for the long term.

 

[kbf64]

- plant a victory garden.

 

[The Heretic]

Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever

Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic.

www.usatoday.com

I am glad I paid two months ahead and can now skip those two payments. Gives me a bit of extra cash.

Yesterday I got a little closer to getting back to Jan levels in my investments. Watching closely, about 10% more to get, then to cash I go.

 

[The Heretic]

Another 2.4 million Americans filed for unemployment benefits last week

For the ninth week in a row, millions of Americans filed for initial unemployment benefits. Even as the economy is beginning to reopen in parts of the country, layoffs and furloughs have taken hold of the US labor market.

www.cnn.com

 

[The Heretic]

Exclusive: Chevron to cut up to 15% of staff amid restructuring

Chevron Corp <CVX.N> will cut 10% to 15% of its worldwide workforce as part of an ongoing restructuring at the second-largest U.S. oil producer.

www.reuters.com

 

[BloodStripe75]

Nikola Corporation - Pioneering Solutions for a Zero-Emission World

Class-8 hydrogen-electric and battery-electric zero-emission trucks with energy infrastructure solutions.

nikolamotor.com

Search on your favorite stock trading website... VTIQ.... merger is set for June 2nd. Stock has gone from 10$ when IPOd in March to touching $30 today... get it before it skyrockets!!!

 

[The Heretic]

Nikola Corporation - Pioneering Solutions for a Zero-Emission World

Class-8 hydrogen-electric and battery-electric zero-emission trucks with energy infrastructure solutions.

nikolamotor.com

Search on your favorite stock trading website... VTIQ.... merger is set for June 2nd. Stock has gone from 10$ when IPOd in March to touching $30 today... get it before it skyrockets!!!

Too late

 

[BloodStripe75]

Too late

To late for what? Even if you bought today at $30 +/- and it's $100 by the end of the year that's still a profit...

 

[BloodStripe75]

Why Has VectoIQ Acquisition Stock Jumped 130% Since May 1? | The Motley Fool

Here's a hint: Electric trucks.

www.fool.com

 

[BloodStripe75]

Power Torque

Australia's Leading Truck Transport and Accessories Portal - PowerTorque News

www.dieselnews.com.au

 

[USMC1911]

To late for what? Even if you bought today at $30 +/- and it's $100 by the end of the year that's still a profit...

Yup or it could be $0.01. It is not a profitable business with its PE of over 400. Very speculative at best. For the time being the stock will be flat or go down imo. Its not a secret that its merging and the business will not translate to a US market imo as the infrastructure and distance is just much bigger problems here.

 

[USMC1911]

Oh ya forgot the net income year over year -115%

 

[The Heretic]

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming. One of the nation's biggest manufacturers said Wednesday that it will lay off 6,770 U. S. employees this week, and another...

komonews.com

 

[USMC1911]

I see some more turmoil in the next few weeks but still some great plays for people that trade some. I have absolutely crushed shorting the TVIX in the last week and scalping JNUG. Also got to average down on a few longs like LRCX, EXO, BA. I am very very happy with the position on Boeing. Who would of thought you could get shares of Boeing for under $100? Had 205 shares of Boeing at a 235ish average to 320 shares at a 188 average.

Just wanted to recap on this post. Of course I have a few home run swings that are not yet back to pre China flu levels but my main positions LRCX, EXO are currently over the price I was able to average down to. Boeing is within less then $5 of my $153 average. Having dry powder really saved my bacon or my portfolio would of taken forever to get to even money. Shorting the TVIX really did well for me also.

 

[The Heretic]

To late for what? Even if you bought today at $30 +/- and it's $100 by the end of the year that's still a profit...

By the time such opportunities are public knowledge, they are no longer opportunities - it is usually too late to get in when the stock is low ready to shoot high - it has already shot high and might gain a bit, but not like it did before.

"Get it before it skyrockets"?

It already has skyrocketed (3X increase). It has reached the apex of it's rise.

Too late.

 

[BloodStripe75]

By the time such opportunities are public knowledge, they are no longer opportunities - it is usually too late to get in when the stock is low ready to shoot high - it has already shot high and might gain a bit, but not like it did before.

"Get it before it skyrockets"?

It already has skyrocketed (3X increase). It has reached the apex of it's rise.

Too late.

IMO I disagree it will over $100 by years end...

@USMC1911LAM is a great company... KLAC is great as well

 

[The Heretic]

IMO I disagree it will over $100 by years end...

Maybe. I am generalizing.

 

[RicInOR]

How much money is there? Weath?

All of the World’s Money and Markets in One Visualization

Our most famous visualization, updated for 2020 to show all global debt, wealth, money, and assets in one massive and mind-bending chart.

www.visualcapitalist.com

 

[The Heretic]

U.S. Jobless Claims Pass 40 Million: Live Business Updates (Published 2020)

The latest on stock market and business news during the coronavirus outbreak.

www.nytimes.com

 

[The Heretic]

Consumer Spending Fell a Record 13.6% in April

U.S. consumer spending, the U.S. economy’s main engine, fell by a record 13.6% in April during coronavirus lockdowns, but there are signs suggesting damage from the crisis is starting to ease.

www.wsj.com