The Rokslide Stock Traders Thread

[jmcd22]

Oil at record lows and I am still paying...well, I would be paying $1.90/gallon if I was still driving to the office daily. Diesel is still above $2.55/gallon. Love how we get drug over the coals...

I'm not buying anything outside of my 401(k) contributions which I upped significantly.

 

[EastMT]

Cancel that, now oil is -11.00 a barrel. Paying people to take it cause there’s no room to store it. Unreal

 

[Brozonelayer]

Oil is selling now for $1.34 per barrel.

Got it! Thanks for the insight!


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[KU_Geo]

Realize that these oil prices are for MAY contracts, which expire Tuesday. After Tuesday, June contracts will take over and those are still trading at ~$20 barrel. On Wednesday open, oil price will jump back up to the price of June contracts. All this is suggesting is that in the very short term there is no where for crude to go and people are essentially paying refiners to take it during May.

 

[huntaholic123]

So what’s the play here? Anyone else loading up or holding to see the fallout?

 

[ilikeshootin]

Dumped my MRO this morning. Keeping OXY, CVX etc.

 

[Shrek]

WTI futures at -$46.27 a few minutes ago !

 

[Johnboy]

Is this in reference to MRO? I’m confused...


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Oil price is crashing. It's at the lowest price ever recorded. This is scary stuff.

 

[Johnboy]

Why is TOPS climbing again? I don't understand this market at all.

 

[007hunter]

Whelp, worst day of the year for me so far me on a short term basis. I hedged some positions before the close in case this gets ugly again.

I’m really tempted to go long oil here. No way it stays this low.

 

[jfs82]

The issue with betting on oil as I see it is; you need to pick who isn't going bankrupt first of all. Also yes, oil has to go back up but there are plenty of smart people who think this is accelerates the long term fall of oil (I don't have an opinion here) so there is not the upside that there always has been. The ideas being plenty of jobs are never going back to full time in office work.

There's certainly money to be made, Im just not smart enough/experienced enough to figure out where.

Boeing is another weird one, airlines all over the world are permanently retiring planes that are working perfectly, and they arent doing it so they can spend billions replacing them. Feels like betting on their military contracts to make up for a lot of lost market.

I think long term, the savings on buying the big credit card companies is long term, free easy money.

 

[EastMT]

Why is TOPS climbing again? I don't understand this market at all.

TOPS is a notorious pump n dump, non stop reverse split penny stock. I’d stay away from that one unless it’s an in and out quick trade on a bump, still risky tho

 

[EastMT]

I had some in the TVIX, today with my losses in others, gains in TVIX I was down 0.20% for the day. I guess that’s an ok day all things considered

 

[jfs82]

Alteryx and the trade desk kept me afloat today as my only real winners.

 

[Brozonelayer]

The issue with betting on oil as I see it is; you need to pick who isn't going bankrupt first of all. Also yes, oil has to go back up but there are plenty of smart people who think this is accelerates the long term fall of oil (I don't have an opinion here) so there is not the upside that there always has been. The ideas being plenty of jobs are never going back to full time in office work.

There's certainly money to be made, Im just not smart enough/experienced enough to figure out where.

Boeing is another weird one, airlines all over the world are permanently retiring planes that are working perfectly, and they arent doing it so they can spend billions replacing them. Feels like betting on their military contracts to make up for a lot of lost market.

I think long term, the savings on buying the big credit card companies is long term, free easy money.

Any thoughts on which credit card companies? I bought more XOM and OXY for the longer term but it makes sense to pick up credit card companies too. Visa and/or Amex? Others? I know this choice is on me but any insight is appreciated!


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[jfs82]

Any thoughts on which credit card companies? I bought more XOM and OXY for the longer term but it makes sense to pick up credit card companies too. Visa and/or Amex? Others? I know this choice is on me but any insight is appreciated!


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Honestly, they all run at ridiculous margins. When there is multiple good companies in one space and they are all making good money long-term... I'd buy all three of Visa, Amex, Mastercard.

 

[Bear_b23]

Bought AMZN at the first drop.

 

[Beendare]

This time period will go down in history with oil going negative- crazy times. The pain ain't over....there are a lot of folks playing this game that are going to go belly up.

I think this is a peek of things to come in the economy ahead......I'm keeping my powder dry.

_________

 

[wymtnpounder]

I sold DE today got a feeling it's going to go lower and then ill buy it back, bought jpm couple weeks ago going to hold on to it.
What's everyone's thoughts on BUD?

 

[Broomd]

Why is TOPS climbing again? I don't understand this market at all.

TOPS is much-coveted oil storage. Makes sense they would gain.