General Oil crash thread

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BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,547
56,268
Agreed.
Their income will be clobbered and it won't show up on the income statements until Q3 and Q4.

I think you'd be safe to buy in here, but i don't see a steady climb happening again until Q2 of 2021, so jumping in now is likely premature.
My concern with cruise lines is I'm honestly not sure they ever come back.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,412
57,814
Altria (MO) is another good dividend stock that's been hammered lately.

Tobacco stock. Tobacco is generally considered recession proof. This stock started its huge run after the '09 recession. It's now back down to that same level.

Divi yield is at 9.23% at this level. Haha.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,412
57,814
Who? I don't know anyone under the age of 60 that thinks cruises are appealing, and they might not want to run the risk of being on a cruise ship after this.
They said the same thing after H1N1.
CCL dipped to the $16/$17 range in 2009. By 2011 it was at $45.

Recently peaked at $72, and it's sitting at $16.40 right now - up 10% ($1.58) today after yesterday's bloodbath.
 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,004
123,331
Who? I don't know anyone under the age of 60 that thinks cruises are appealing, and they might not want to run the risk of being on a cruise ship after this.
I talk to people all of the time (clients) that do 1-2 cruises a year. All under the age of 60. They love it.
 
M

member 3289

Guest
Who? I don't know anyone under the age of 60 that thinks cruises are appealing, and they might not want to run the risk of being on a cruise ship after this.
A lot of people. We have 2/3 busiest cruise ports in the world (the 3rd is also in Florida) and I can tell you that they're very popular with honeymooners, couples, and especially midwestern retards who haven't seen the ocean in 15 years.

Sure you have your +60 crowd but there are also a lot of 20-30s and even more 40-55s.
 
M

member 3289

Guest
I look forward to your thinly veiled insults. They always brighten my day.
Every time I drive by the beach I take a picture and send it to HEATH VON DOOM @HEATH VON DOOM (another midwestern retard). I usually make it a point to comment how annoyed I am seeing that shit on bright and sunny days.
 
M

member 3289

Guest
Sheer madness in the unregulated crypto markets. Bitcoin, Bitcoin Cash, Ethereum, and others have spent the past 12 or so hours dropping or gaining 10% of their value every 2 hours.

Bitcoin has recovered a bit today but is still down about 30-40% since January
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,412
57,814
Dave & Busters is at $13.90 - 52 week high of $59.60

I have a limit order at $10

Should quadruple that in a year.
Almost...
Rallied for a bit today to $16.36, then dropped to $10.93

I have it set at $10 just in case I'm not around a comp when it hits. If I am watching, I will pull the order and follow it down.

I have no idea how low it will go but I think there is money to be made here.
 

Sheepdog

Protecting America from excessive stool loitering
Dec 1, 2015
8,912
14,237
You might as well take your money to the casino. Markets are all over the place.
 

Hwoarang

TMMAC Addict
Oct 22, 2015
3,994
6,080
Almost...
Rallied for a bit today to $16.36, then dropped to $10.93

I have it set at $10 just in case I'm not around a comp when it hits. If I am watching, I will pull the order and follow it down.

I have no idea how low it will go but I think there is money to be made here.
Won't this corona thing keep customers away for another month or so?? making their price crash even more?
 

sparkuri

Pulse On The Finger Of The Community
First 100
Jan 16, 2015
34,420
46,562
It's war time, there's nowhere else to go.
Sauds won't let up in the trade war, quite purposefully.
U.S. building the anti-China perception this late, pre-emptive Iran strike...
Sauds are gonna get their war.
Buckle up.
 

Sheepdog

Protecting America from excessive stool loitering
Dec 1, 2015
8,912
14,237
Nearly down to a 10er for a barrel.

We got our panties wet over the Saudi-Russia-US Mexican standoff (the Mexicans are in this too) but it turns out that that little handbag fight didn't really mean jack shit. Lack of storage capacity and no way to co-ordinate a massive enough global cut made this inevitable anyway.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,272
Just told my wife to pack her shit, we need to move out into the back yard so we can store oil in the house.
 

sparkuri

Pulse On The Finger Of The Community
First 100
Jan 16, 2015
34,420
46,562
Depression imminent, like old uncle sparky's been sayin'.

#Sparkuri'sPropheticDreams