Stock Market Today: June 8th - 12th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Jun 5, 2020.

  1. Vdubman

    Vdubman Well-Known Member

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    Looks like the feds has their red bull this morning and are buying all their blue chips with our tax money.
     
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  2. T0rm3nted

    T0rm3nted Moderator
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    Gonna be a green open, would be so on brand for a 6% rally today.
     
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  3. OldFart

    OldFart Well-Known Member

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  4. Stockmaster

    Stockmaster New Member

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  5. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    as crazy as it sounds, i wouldnt be surprised. im expecting at least a half of that today.
     
  6. T0rm3nted

    T0rm3nted Moderator
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    That's what it went down yesterday, so it was kind of a half-joke
     
  7. rStock

    rStock Well-Known Member

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    so 3% is fair ... :)
     
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    wow, its easy to make money in CCL....lol. CCL is basically a spec stock now, forget its fundamentals.
     
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  9. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    looks like my AMD shares will be safe, phew. thank god for that pull back yesterday. i sold calls against my shares earlier in the week at 57 strike price.
     
  10. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    SPX intra-day looking weak to me.

    spx5.png
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    This bounce not looking so impressive so far :eek: Bought a little bit of DOG at$48.52, I am long and would still be better for me overall if the market goes up, but adding a little bit of a hedge here just in case if we have a severe pullback/correction :p
     
  12. dethfire

    dethfire New Member

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    Losing steam, we going red at close?
     
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  13. Vdubman

    Vdubman Well-Known Member

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    I think we might actually end in the red today
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    SPX and the NASDAQ turned negative :eek:
     
  15. Vdubman

    Vdubman Well-Known Member

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  16. Frankenstein

    Frankenstein Well-Known Member

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    I had a chance to exit at around 3090 but didn't. I wanted 3100. So, I didn't execute well there. But, now, my theory says that the the price shall go back to 3050 minimally. I may have to exit there to break even [and plus because I added in at around 3010].
     
  17. Frankenstein

    Frankenstein Well-Known Member

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    But it all depends on price action. If it looks like it shall rally a lot beyond 3050, I shall not exit until it seems "appropriate"
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Out at $49.20 :p Made just a little bit of money but don’t want to hold over the weekend :p
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    BA is trading like a penny stock recently :p
     
  20. Frankenstein

    Frankenstein Well-Known Member

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    I exited some of my long positions at the conclusion of today's trade at SPX 3040. I don't care at this point if the price goes up or collapses. If it collapses, I shall buy more. If it goes up, I can profit take at some point. I do expect the price to rally some more [at some point--could collapse first]--at least to 3050 but possibly to 3200 and +. But, it's pretty crazy right now. You have stay sharp
     
    #120 Frankenstein, Jun 12, 2020
    Last edited: Jun 12, 2020

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