Stock Market Today: November 16th - 20th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Nov 13, 2020.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    NYC closing their schools, will the market rotate back into the stay at home plays? :eek:
     
  2. Vdubman

    Vdubman Well-Known Member

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  3. Vdubman

    Vdubman Well-Known Member

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    I am surprised Ferrari was able to make it this high. FCA offloaded a ton of their debt onto RACE when they did the split a few years ago. Maybe it’s just due to their enormous profit margins on cars? I have never really paid much attention to their financials.
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I bought SPY 342 puts expiring next Friday, before the drop in the last 2 hours, in case of a 5% pullback from 3600 SPX.

    Finviz showing nearly 80% of stocks above 200 sma. Eventually that will have to go down, but the question is which stocks will it be?
     
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  5. Stockaholic

    Stockaholic Content Manager

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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    1-month and 3-month US Government bonds down to 0.05%, started the month ~0.10%.
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The interesting thing about NIO yesterday was the ER volume was lower than the previous 4 days(!). Seems like a lack of demand up here. It is up +6% today, maybe we get a short squeeze up then a crash. FOMO is right.

    I just listened to the Fast Money podcast from a couple days ago (so much stuff to watch/listen, I can't keep up hah). Didn't know GM had the #2 electric car in China, sales-wise ahead of NIO and Tesla.
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like I sold COTY too early, it is running again :horse:
     
  9. andyvds

    andyvds Active Member

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    happy with my NIO stock. i'm in for the long run. i see stock price > 100 end of 2021. and that's not the end.
     
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Inside week for the indices, a pretty narrow one for Nasdaq.
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Initially it was just a trade for me, but it doubled and I sold about half to get my investment back already, I guess I will hold for a long time now since the shares that I have pretty much are free shares now :p
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah seems like they are hyping GM as a EV play lately :p
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Just saw this, I think Apple should forget about the foldable phone and go with the rollable instead :p
     
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  14. BigPear

    BigPear Member

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    The technology used in this folding phone looks very advanced.
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Tech outperforming today, seems like the stay at home stocks getting some love again :eek:
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    LOL at those EV stocks, they are running again today :lauging:
     
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Solar stocks as well, eg the TAN etf.

    FCEL has had an amazing week, a hydrogen fuel company.

    It's those kids and their clean energy.

    Kinda amazing that TSLA is down, but it has resistance at $500.
     
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  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    GSX reported 253% growth rate.
    Down ~20% today :lauging:
    Let's see if this thing starts snowballing downhill.
     
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    LOL I don’t think the numbers can be trusted from that company
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Both plays doing pretty well as of now :D
     

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