I moved to 35% in the market on the close today. If we drop hard early next week I’m probably moving another 25% into the market.
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- Thread starter SoapyCy
- Start date
I moved to 35% in the market on the close today. If we drop hard early next week I’m probably moving another 25% into the market.
I'm deleting all that crap. Keep politics out of this thread.
Dow futures were locked limit down last night just minutes after the open. They are now up 600 points this morning. Crazy times.
No, but there are complimentary barf bags waiting for you as you exit the ride.
i took a gamble last week and was down but the futures today make me whole, i might sell and break even.
i also shorted planet fitness and that was an awful decision. just horrible. it went up by like 20% in the next two days.
If we were actually on this roller coaster, the Gs it would be pulling would scramble your insides, ha.
This here is panic selling. Companies that have cash and their overseas supply chains are starting to ramp back up will be rolling hard again whenever this is done. Gotta be able to stomach the hysteria though.
This will be a short but severe drop, and things will bounce back at some point. Probably at the first bit of good news we get about virus treatment.
How long and how severe will only be clear in hindsight
look at Planet Fitness., That thing has shot up since last week over 60% on no news. The market makes absolutely no sense.
Especially when gyms are being shut down...
When things subside, you can guarantee those places will be bangin again. Hopefully there will be an uptick in hygiene with it, but I might be asking too much.
yeah, i shorted it and it shot up and i was away from the computer and forget to cover the position, so im down (paper) about $8,000. really, really, really bad trading by me.
Now take the opposite, banks. They are getting beat hard the last 2-3 days and the govt is supposed to be helping with loan issues, and throw on top that the low interest rates have lenders 90 days out before this hit and realtors are still selling houses and we are still inspecting/appraising houses so they are still making money. No sense at all.
