Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Stock Market Today: March 2nd - 6th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Feb 28, 2020.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,705
    Likes Received:
    847
    Maaaan, AAL down that much in a month, like 45%? long term, maybe this might be a huge bargain.
     
    Three Eyes and stock1234 like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    Yeah the Chinese stocks were getting hammered when the US stocks were making the ATHs, so I guess the market is saying the worst probably is over for China.
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    Now the regional airlines like SAVE, ALK, and JBLU joining the selloff since the virus seems to be spreading in the US now too :eek:
     
    bigbear0083 and Ken34 like this.
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    Up - Down - Up - Down so far this week, are we back to up tomorrow? :eek: :p
     
    bigbear0083 and Ken34 like this.
  5. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,705
    Likes Received:
    847
    i would think, considering we also held 3000. but who knows in this wonky market. i know lately fridays have suck, if tommorow sucks, ill do some nibbling.
     
  6. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    haha, this market never ceases to amaze :p

    i know 2008 was probably the craziest time for the market in recent history, but damn this 2020 sure is making a good run for it :p

    sure on a % basis the moves in the indices aren't nearly as large as it was in '08, but still is pretty breathtaking moves we're getting in the indices.

    what used to take the indices days or weeks, or even months to move, now only takes a day lol :p

    at some point we'll get back to normal market moves, but this has been one for the ages to remember.

    i don't think the 2011, 2015 or even the 2018 corrections were this large in terms of the daily moves in the indices at the very least.
     
    Three Eyes and stock1234 like this.
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    Yeah has been crazy so far :eek: Many newer investors probably are surprised since they might be used to the market with mild volatility. Definitely hope this virus won't get worse but it seems to be pretty hard to contain. If the virus is spreading then probably not even the FED cutting rates to zero could save it o_O
     
    Three Eyes and bigbear0083 like this.
  8. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    1,008
    Likes Received:
    983
    I think volatility is the key here. Just watch that VIX to get a sense of whether we get any stabilization in equity prices.

    I do like LUV and DAL the best for the long run, and I'm a long term holder with a much lower basis than where we are now. But aside from a few options plays as a lark here, not ready to commit new $ just yet. o_O
     
    Ken34 and stock1234 like this.
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,825
    Likes Received:
    2,487
    Maybe the market likes that China went mass quarantine/closure, shutting down the whole city.
     
    Ken34 likes this.
  10. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    120
    Likes Received:
    88
    I've made 20% This week. How do I lose it tomorrow ?
     
  11. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,705
    Likes Received:
    847
    wow OPK up 40% now. going to the moon after hours lol.
    amd got a nice bounce after hours, they released to the public the info they held at their analyst day.
     
  12. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    120
    Likes Received:
    88
    ya I mentioned that yesterday on ST about their 20% increase. Then today it’s like hello they are actually doing CV stuff!
     
  13. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    1,008
    Likes Received:
    983
    There's also the spring/summer festival companies that are gonna hurt if sporting events and concerts get cancelled: See LYV and EB.
     
    T0rm3nted likes this.
  14. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    120
    Likes Received:
    88
    SXSW and some vegas conventions canceled
     
    T0rm3nted likes this.
  15. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
  16. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,705
    Likes Received:
    847
    that 10 year...wow....we must be in the twilight zone
     
  17. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,044
    Likes Received:
    2,081
    Looks like more blood today
     
  18. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    1,008
    Likes Received:
    983
    Barrel Oil prices fell nearly $3 overnight...bound suppress equities today. We'll see if market can shake it off by afternoon. So far 273,000 job growth not making much impact.
     
    stock1234 and OldFart like this.
  19. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,907
    Likes Received:
    1,724
    Hard to gauge this market right now...trying to day trade this is almost impossible at the moment.
     
    bigbear0083 likes this.
  20. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,044
    Likes Received:
    2,081
    Looks like today's LOD so far bounced and was at almost exactly the same price as Feb 28th's open price
     

Share This Page