Stock Market Today: August 3rd - 7th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Aug 1, 2020.

?

How do you see the SPX closing for the week of (8/3-8/7)?

Poll closed Aug 3, 2020.
  1. Up.

    42.9%
  2. Flat. (+/-0.50% or less)

    14.3%
  3. Down.

    42.9%
  1. Vdubman

    Vdubman Well-Known Member

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    I picked up as much bullion as I could back at $15.50 level. Just saw some kilo stackers sell on eBay from Scottsdale silver for $1075 or $34/oz :eek:
     
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  2. Vdubman

    Vdubman Well-Known Member

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  3. T0rm3nted

    T0rm3nted Moderator
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Cloud stocks dipping today, but technically they just back-filled a gap from Monday.
    [​IMG]
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Bought a little bit of TWLO today, let’s see if it will bounce a little bit :p
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    What a move for OTRK :eek: Lottery play for me and it worked out although it was just a small position :p INSG didn’t work out for me though :horse:
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow big drop for CWH :eek: It has been a hot stock
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Weird, it appears like it's down 21% after an earnings beat
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAPL and FB up big. It is crazy to see how fast AAPL moving from 1 trillion market cap to now very close to 2 trillion :eek:
     
  10. A55

    A55 Well-Known Member

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    People took money off the table. Cashed out profits. I did the same. I bought my shares in the teens. I sold at $42. Historically, the all time high wasn't much higher. Which is good. Created a pullback. I got my original investment out of it, and took some profit. Kept a few shares. They do pay a good dividend, plus special dividends. Dividend was increased 1¢.
     
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  11. Jonesy

    Jonesy New Member

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    I went ahead and cashed out my PLUG today around noon. Almost sold late yesterday because of the anticipated bad news / earnings report today. Was planning to keep it a bit longer, but once it got up well over $11... well, I figured it would fall back and then take a good while to recover.

    With CWH down to around $33, is this a good spot to buy in hopes that it bounces back to around $40 sometime soon?
     
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  12. A55

    A55 Well-Known Member

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    not over night. I t will be up again by the end of summer. Summer sales are hot. But with hunting seats in the fall, there could be more sales.

    in the real world, sales are good. I suspect some of the people who cashed out yesterday, are buying it back lower.
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market darlings like AYX and DDOG getting hammered after earnings :eek:
     
  14. A55

    A55 Well-Known Member

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    10.41% run up. No news.
    Screenshot_2020-08-06-14-43-41_kindlephoto-524877363.png Screenshot_2020-08-06-14-47-28_kindlephoto-525072042.png Screenshot_2020-08-01-20-32-45.png
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Just adding that FSLY from yesterday's ER was down -17%.

    Tonight's ER winner is...Groupon?? +36%. Surprised people are going out, gobsmacked that people are going out with a Groupon.
     
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  16. T-Coonazz

    T-Coonazz Member

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    Looks like you made the right move at about 15. I got mine about 5 years ago when it was at 14 . I just checked and it`s up another 5% at about 29.70. That was some very heavy resistance at the 25 area and it is just sawing through it... unreal!
     
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  17. A55

    A55 Well-Known Member

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    Did Groupon drastically change the business model? I thought it went away 10 years ago.
     
  18. Vdubman

    Vdubman Well-Known Member

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    talking about cloud stocks, $WDC got beat up today. You would have to think with everyone moving to cloud, they need hardware to store that data and there’s really only 2 providers for that. Western Digital and Seagate. Imo it’s a good investment if it can create some floor. I know last time they had a struggle in 2018/19 it dropped below $20 then never looked back after the correction. WD took lots of makrket share from seagate too which caused mass layoffs from them.
     
  19. T0rm3nted

    T0rm3nted Moderator
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  20. Vdubman

    Vdubman Well-Known Member

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    Heavy Profit taking on commodities this morning. Interesting positions here. I wonder if hedge funds are taking profits in anticipation of stimulus news this weekend.
     
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