Yes. That's when reality will set in. Q2 will
be a different story. I know just from some friends that are
in the Tech world that I have spoken to recently. They have
said that April everything has come to a screaming
halt.
Thats interesting. I have a lot of friends in the IT
industry...starting from company employees to IT small business
owners and not even one has reported a slowdown. Only thing to note
- none of them are exposed to travel industry
My other half is an engineer for a big tech company and he has
been non-stop busy from 9 to 6 and then afterhours most days. They
bought him a nice chair for home and he needs it! All travel
has been cancelled but they are just doing most of that
remotely...probably saving the company even more money.
How can you make money with high option premiums when you
buy at lows unless you had spreads
As far as economy vs market ... its a tough definition. IMO -
Widening rich poor gap is not a good sign...its actually
scary...But again that shouldnt distract us from following the
trend. I have been a net buyer just like you last two months
Call options were relatively cheap ( not cheap from a historical
perspective) to me at that time. I bought airlines, DHR, IBM,
and few others. I have three accounts. One for
retirement (1-2 or less trades a yea)r . One for trend
trades (3-6 weeks) and one for swing/day trades. My
main concern is always, what am I not seeing. Anyway, just
trying to stay alive, healthy and preserve some sort of future for
my children and the future. This virus has exposed this
country in many ways. China owns our supply chain and we are
sitting ducks no matter how many billionaires are here in the US.
How do you derive value in the stock market (price discovery),
if not the overall health of the economy? Then wouldn't it be
just a Ponzi scheme if there is no real value?
MSFT and FB up nice after hrs on earnings
Posted by matt on 29th of Apr 2020 at 04:14 pm
MSFT - Chart Link
FB - Chart Link
Of course when Q2 earnings
Posted by pmahoney on 29th of Apr 2020 at 04:43 pm
Of course when Q2 earnings come out, it will be a different story. Only a half month was impacted in Q1.
Yes. That's when reality will
Posted by ssaffer on 29th of Apr 2020 at 04:45 pm
Yes. That's when reality will set in. Q2 will be a different story. I know just from some friends that are in the Tech world that I have spoken to recently. They have said that April everything has come to a screaming halt.
Thats interesting. I have a
Posted by arun on 29th of Apr 2020 at 06:01 pm
Thats interesting. I have a lot of friends in the IT industry...starting from company employees to IT small business owners and not even one has reported a slowdown. Only thing to note - none of them are exposed to travel industry
My other half is an
Posted by cozz101 on 29th of Apr 2020 at 07:55 pm
My other half is an engineer for a big tech company and he has been non-stop busy from 9 to 6 and then afterhours most days. They bought him a nice chair for home and he needs it! All travel has been cancelled but they are just doing most of that remotely...probably saving the company even more money.
hedged Long, thank you
Posted by retirefire on 29th of Apr 2020 at 04:33 pm
hedged Long, thank you
The new economy is: GOOG,
Posted by ssaffer on 29th of Apr 2020 at 04:27 pm
The new economy is: GOOG, AMZN, MSFT, NFLX, AAPL and FB and a few other tech companies. FANG. Banks, retailers, don't need those anymore.
True but stock market is
Posted by arun on 29th of Apr 2020 at 06:04 pm
True but stock market is not economy .... whether we like it or not... we have to follow big money...no point in fighting it
How can you make money
Posted by arun on 29th of Apr 2020 at 06:38 pm
How can you make money with high option premiums when you buy at lows unless you had spreads
As far as economy vs market ... its a tough definition. IMO - Widening rich poor gap is not a good sign...its actually scary...But again that shouldnt distract us from following the trend. I have been a net buyer just like you last two months
Call options were relatively cheap
Posted by ssaffer on 29th of Apr 2020 at 06:47 pm
Call options were relatively cheap ( not cheap from a historical perspective) to me at that time. I bought airlines, DHR, IBM, and few others. I have three accounts. One for retirement (1-2 or less trades a yea)r . One for trend trades (3-6 weeks) and one for swing/day trades. My main concern is always, what am I not seeing. Anyway, just trying to stay alive, healthy and preserve some sort of future for my children and the future. This virus has exposed this country in many ways. China owns our supply chain and we are sitting ducks no matter how many billionaires are here in the US.
How do you derive value
Posted by ssaffer on 29th of Apr 2020 at 06:35 pm
How do you derive value in the stock market (price discovery), if not the overall health of the economy? Then wouldn't it be just a Ponzi scheme if there is no real value?
Who said it’s not?!?!
Posted by pep8261 on 29th of Apr 2020 at 06:42 pm
Who said it’s not?!?!
There is no real price
Posted by arun on 29th of Apr 2020 at 06:41 pm
There is no real price discovery as long as central banks continue f***ing with the market
Agreed.
Posted by ssaffer on 29th of Apr 2020 at 06:55 pm
Agreed.
FB looks to be filling
Posted by jared95 on 29th of Apr 2020 at 04:18 pm
FB looks to be filling the March gap ($212 after hours)