Society Corona - Stock Market thinktank

Discussion in 'The Off-topic Lounge' started by BROVID-19, Mar 16, 2020.

  1. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    Just made money while eating lunch with my wife. It's good to be rich.
     
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  2. Hauler

    Hauler Unknown Member

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    Up 5.2% after a record day.
    $1,047

    $21,733

    I didn't think today would be this good.
     
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  3. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    I'll get up there one day, thats awesome though.
     
  4. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    That RVLV stock is up over 7% today, pretty sweet
     
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  5. Hauler

    Hauler Unknown Member

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    That's the DOW. Not my acct.
    Should have clarified. Haha
     
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  6. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    The market closes when I get off work, that's pretty convenient
     
  7. Le Chat Noir

    Le Chat Noir Le Chat Noir ©

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    McCormick (MKC), Hersheys (HSY), and Lamb Weston Holdings (LW) have taken hits and will recover soon.

    Le Chat Noir
    ©
     
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  8. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    All my gainz are dropping, wtf
     
  9. Le Chat Noir

    Le Chat Noir Le Chat Noir ©

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    Since sit down restaurants are taking a big hit, check
    Darden Restaurants, Inc. (DRI) and Bloomin' Brands Inc (BLMN)

    Le Chat Noir
    ©

    [​IMG]
     
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  10. Hauler

    Hauler Unknown Member

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    Dems are sneaky, sneaky.

    Fine print of worker stimulus apparently pays workers more for extended unemployment than it would if they went back to work.

    Bernie throws a fit and says if that's taken out or changed, he isn't signing shit.

    Be prepared for a fucking torpedo market tomorrow.
     
    #135 Hauler, Mar 25, 2020
    Last edited: Mar 25, 2020
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  11. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    So what you're saying is transfer more cash into my account now? Instead of waiting until next week?
     
  12. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    I did it. I fucking did it.
     
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  13. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    I gave my wife access to the account. She's way smarter than me so hopefully she puts in some of her skrilla and starts making moves. She fucking loves data and data points. Really really hoping she gets sucked into it
     
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  14. Hauler

    Hauler Unknown Member

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    We will see what plays out.
    Might be some buying opportunities tomorrow.

    If Washington gets their heads out their collective asses tonight it might not be too bad.

    I thought I heard them say the jobs report was coming out tomorrow but it's not. I looked it up and it's scheduled for April 3.

    Not sure what they were talking about. It sucks actually having a job while I do this on the side. Haha.
     
    #139 Hauler, Mar 25, 2020
    Last edited: Mar 25, 2020
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  15. Wild

    Wild TMMAC's Most Handsome Admin
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    I sold all of my positions, except for my gains, before the market closed for this very reason. Back to back big days with how volatile things are...I dont expect it to last. Bet you're right and the Dow is down big tomorrow. I'll try pick up some equities on sale.
     
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  16. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    That's the game plan here. Pick up for fairly cheap, let it ride, buying on days they tank in the near future and then sitting on it for a few months once everything settles. Sell, then buy into more long term type stocks.
     
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  17. Bill Exotic

    Bill Exotic First 100
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    Any weed stocks look good to you? They have been battered by all this too. Thinking CGC.
     
  18. Hauler

    Hauler Unknown Member

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    She's gonna cash out and buy shoes.
     
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  19. Hauler

    Hauler Unknown Member

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    That's a clusterfuck of a market. I have no idea how that's going to shake out. Too confusing with each state having their own rules and regulations.

    Feds just need to legalize it and tax it like tobacco and alcohol. It doesn't need to be so difficult.
     
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  20. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    Not her thing, she'd buy guns or something for her truck.
     
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  21. Hauler

    Hauler Unknown Member

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    Stimulus package passed by Senate 96-0
    Let's see if the House Dems start any shit today.
     
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  22. Hauler

    Hauler Unknown Member

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    And it looks like the Dems got their way. 880 page bill for "disaster recovery" and they managed to add $25 million for the Kennedy Center and $25 million for NPR. What the fuck does that have to do with the current situation? I'm sure there's more. My assumption is the GOP got tired of fucking with them and wanted something pushed through even if it wasn't perfect, so after 3 days of the Dems crying in the sandox the GOP gave up.

    They tried to sneak in funds for Planned Parenthood and stricter emmision control as well - I assume those got removed?

    Fucking disgraceful. California should be embarrassed for voting Pelosi in decade after decade after decade.
     
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  23. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    So explain this to me like I'm 5, and retarded. How is the. Market losing value already when the market isn't open yet?
     
  24. Hauler

    Hauler Unknown Member

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    It's an indicator of post-market and pre-market trading.

    The market is "open" from 9:30 am to 4:00 pm, but trading happens after the market closes and before it opens. ECNs (electronic communication network) match potential buyers and sellers and report the transaction before the bell opens the day. The sum of those off-market transactions are what you are seeing.

    They are processed when the bell sounds to open the day and that's where the market immediately goes, but it can quickly change direction depending on trades done during the open hours.
     
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  25. ThatOneDude

    ThatOneDude Commander in @Chief, Dick Army
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    Thanks for the info
     
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