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

Discussion in 'Stock Market Today' started by bigbear0083, Jun 5, 2020.

  1. Vdubman

    Vdubman Active 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.
     
    stock1234, Kristi and Stockmaster like this.
  2. T0rm3nted

    T0rm3nted Moderator
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    Gonna be a green open, would be so on brand for a 6% rally today.
     
    Vdubman likes this.
  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.
     
    stock1234 likes this.
  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
     
    stock1234 and Kristi like this.
  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?
     
    Vdubman likes this.
  13. Vdubman

    Vdubman Active 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 Active Member

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  16. Frankenstein

    Frankenstein Active 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 Active 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"
     
    anotherdevilsadvocate likes this.
  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
     
    Steven_Burt likes this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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

    Frankenstein Active 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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