Market testing the lows from Oct

scott_nz 4/20/2020 11:23am
4/20/2020 11:23am
factoryfatty wrote:
[img]https://p.vitalmx.com/photos/forums/2020/04/20/421654/s1200_oil.jpg[/img]



its gone lower since, this is fucked,
MotoTribology 4/20/2020 11:25am
4/20/2020 11:25am
Remember when crude prices were positive? Those were crazy times.......Silly
kongols
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kongols 4/20/2020 11:48am
4/20/2020 11:48am
WOW

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borg
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borg 4/20/2020 11:53am
4/20/2020 11:53am
To be clear, you cant go out and buy a barrel of oil for -8.98. Those are May futures contracts which will shift to June tomorrow.
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XXVoid MainXX
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XXVoid MainXX 4/20/2020 12:00pm
4/20/2020 12:00pm
XXVoid MainXX wrote:
I went ahead and bought 100 XOM and 100 COP this morning.
That was the shortest amount of time I've ever held a stock. Sold! Smile
Money
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Money 4/20/2020 12:07pm
4/20/2020 12:07pm
XXVoid MainXX wrote:
I went ahead and bought 100 XOM and 100 COP this morning.
XXVoid MainXX wrote:
That was the shortest amount of time I've ever held a stock. Sold! Smile
these companys gonna tank huh ?
XXVoid MainXX
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XXVoid MainXX 4/20/2020 12:16pm
4/20/2020 12:16pm
I don't think they will tank, I just am not comfortable with the uncertainty. I need to get a better understanding of how they are affected and then maybe I'll buy back. I can't imagine them going out of business. Pretty sure we're going to need oil for quite a long time yet. Smile
George Costanza 4/20/2020 12:29pm
4/20/2020 12:29pm
Guy at the gas station flat out refused to pay me to fill my truck with gas even after i showed him the oil price.... Unsure Silly Huh
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logan_140
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logan_140 4/20/2020 1:07pm
4/20/2020 1:07pm
-40 for oil... YIKES
BMSOBx2
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BMSOBx2 4/20/2020 3:04pm
4/20/2020 3:04pm
XXVoid MainXX wrote:
I don't think they will tank, I just am not comfortable with the uncertainty. I need to get a better understanding of how they are affected...
I don't think they will tank, I just am not comfortable with the uncertainty. I need to get a better understanding of how they are affected and then maybe I'll buy back. I can't imagine them going out of business. Pretty sure we're going to need oil for quite a long time yet. Smile
Yes we are still going to need oil for a while yet. The problem for most of the US fracking industry is that they need $23 to $25 a barrel to break even. Marathon just shut down the local Refinery due to oversupply.
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t_baum88
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t_baum88 4/20/2020 8:17pm
4/20/2020 8:17pm





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smashingpumpkins167 4/23/2020 7:43am
4/23/2020 7:43am Edited Date/Time 4/23/2020 8:01am
reded wrote:
DNR is a POS.
Are you feeling a little better about DNR today?

Up 53% so far today
factoryfatty
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factoryfatty 4/23/2020 11:58am
4/23/2020 11:58am
https://www.bloomberg.com/news/articles/2020-04-22/jpmorgan-commercial-…

"JPMorgan Chase & Co. provided loans to virtually all of its commercial banking customers that sought financing through the small business relief program, while the lender’s smallest customers were almost entirely shut out, according to data disclosed by the bank."

Looks like all the big boys got all the small business loans, with nothing left for the actual small businesses. Big Shocker!
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reded
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reded 4/23/2020 4:37pm
4/23/2020 4:37pm Edited Date/Time 4/23/2020 4:38pm
reded wrote:
DNR is a POS.
smashingpumpkins167 wrote:
Are you feeling a little better about DNR today?

Up 53% so far today
I set my sell at the same price I bought in at hoping to break even. Wouldn’t ya know it, the day it finally got back to $.25/share it went screaming almost $.10 over. I still say it’s a POS.
1
smashingpumpkins167 4/23/2020 7:25pm
4/23/2020 7:25pm
reded wrote:
I set my sell at the same price I bought in at hoping to break even. Wouldn’t ya know it, the day it finally got back...
I set my sell at the same price I bought in at hoping to break even. Wouldn’t ya know it, the day it finally got back to $.25/share it went screaming almost $.10 over. I still say it’s a POS.
Damn it! I've definitely been there. Atleast you made your money back. I'm still in the hole because I bought some pre corona, but it was a good day.
SEE ARE125
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SEE ARE125 4/24/2020 6:38am
4/24/2020 6:38am Edited Date/Time 4/24/2020 6:40am
DNR up another 44% as of this posting. AXAS up 80%.
mxtech1
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mxtech1 4/24/2020 11:51am
4/24/2020 11:51am
my INO stock has been absolutely ripping the last 2-3 weeks! Going long on this one to see how things pan out.

Pit Row

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XXVoid MainXX
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XXVoid MainXX 4/24/2020 11:57am
4/24/2020 11:57am
Dammit, my stocks have been pretty boring the last week. I should have dipped into that stuff you guys are playing with!
XXVoid MainXX
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XXVoid MainXX 4/27/2020 12:26pm
4/27/2020 12:26pm
I think so personally.
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colintrax 4/27/2020 12:56pm
4/27/2020 12:56pm
Bought into NAT, should make some big $$ as long as these countries keep trying to bankrupt each others oil industries.
mxer146
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mxer146 4/27/2020 2:28pm
4/27/2020 2:28pm
TSLA up another 10% today. Hopefully earnings Wednesday is better than projections. Could set another all time high
XXVoid MainXX
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XXVoid MainXX 4/27/2020 2:34pm
4/27/2020 2:34pm
It's hard to predict what the stock will do after earnings regardless of good or bad news. I sure hope it goes to 1000 and beyond though.
FLmxer
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FLmxer 4/27/2020 5:18pm
4/27/2020 5:18pm
My best positions are AMD, Abbvie, Roche and Pfizer. I have had them for awhile and wish I would of been more aggressive on that big dip but played is cautiously. They are all way up through this.
What do you guys think of American airlines as a deal at around $10?
XXVoid MainXX
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XXVoid MainXX 4/28/2020 7:54am
4/28/2020 7:54am
Wasn't someone in here trading USO?

United States Oil Fund, LP (USO) has announced a 1-for-8 reverse split effective Wednesday, April 29, meaning shareholders will receive one share of (new) USO common stock for every eight shares they currently own. The stock price will increase to eight times its value at the April 28 close, so shareholder net positions at market open April 29 will be the same as before the split, plus or minus market movements. The deliverable on USO options contracts will be 12.5 shares instead of 100. We will adjust shareholder positions once the new shares are received, but this may be delayed by the size of this reorganization. For more information, please see our FAQ.
FLmxer
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FLmxer 4/29/2020 7:14am
4/29/2020 7:14am
Should of bought it.. American airlines up $3 overnight.
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XXVoid MainXX
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XXVoid MainXX 4/29/2020 7:27am
4/29/2020 7:27am
Everything is up. I should have stuck with XOM and COP, they've been climbing. I don't get it. Smile
colintrax
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colintrax 4/29/2020 11:32am
4/29/2020 11:32am
Well I bought NAT at 6.85. Was way up immediately. Set a stop loss at 7.05

It dropped so fast this morning my shares sold at 6.83
Angry
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avidchimp 4/29/2020 11:56am
4/29/2020 11:56am
XXVoid MainXX wrote:
Everything is up. I should have stuck with XOM and COP, they've been climbing. I don't get it. Smile
Maybe it has a lot to do with the Fed propping up markets artificially so CEO's/companies can hit their market share/valuation targets. A certain CEO just demanded we open the country NOW because he stands to make 750 million (largest CEO comp ever) when his company hits it's 6 month average of 100 billion value. 🤔

https://hypebeast.com/2020/4/elon-musk-tesla-750-million-dollar-stock-o…
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XXVoid MainXX
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XXVoid MainXX 4/29/2020 1:52pm
4/29/2020 1:52pm
TSLA up 13% so far after positive Q1 results came out.

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