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Started By
Message
will we see a sell off before close or even after hours?
Posted on 4/7/20 at 2:37 pm
Posted on 4/7/20 at 2:37 pm
The losses today seem to be caused by the crude price, at least that is what the analysts are saying. I also think the market has gotten a little ahead of itself the last two days.
I closed some BA shares for a small profit just in case. I cant wait until the fall when the markets won't be so volatile.
Unfortunately think we fall tomorrow and then shoot back up after the oil meeting with russia and saudi arabia.
I closed some BA shares for a small profit just in case. I cant wait until the fall when the markets won't be so volatile.
Unfortunately think we fall tomorrow and then shoot back up after the oil meeting with russia and saudi arabia.
3
Posted on 4/7/20 at 2:39 pm to Lsutiger2424
Perhaps.
Posted on 4/7/20 at 2:50 pm to Lsutiger2424
Posted on 4/7/20 at 2:59 pm to Lsutiger2424
I sold some earlier today and got lucky that it was at the peak. Like you, I expect a fall for the next couple days but nothing drastic. Hearing anything about the OPEC+ meeting?
Posted on 4/7/20 at 3:00 pm to TheLSUriot
Minus 0.15 today.
Posted on 4/7/20 at 3:07 pm to rpg37
Why did the market give up the rally today?
New bad news come out?
New bad news come out?
Posted on 4/7/20 at 3:12 pm to TheLSUriot
Expecting a three month production cut from may to june, 10mil -15mil BPD. It likely won't happen if the US doesn't agree to the cut as well.
It could possibly be expanded passed july.
It could possibly be expanded passed july.
Posted on 4/7/20 at 3:15 pm to HailHailtoMichigan!
because the fake rally was based on fake optimism
I'm hella short right now
I'm hella short right now
Posted on 4/7/20 at 3:18 pm to transcend
quote:
I'm hella short right now
which stocks?
i want to bet against you
Posted on 4/7/20 at 3:18 pm to cgrand
SPY
please don't...
please don't...
Posted on 4/7/20 at 3:21 pm to transcend
just bought 200 SPY at 265.13 
Posted on 4/7/20 at 3:32 pm to olgoi khorkhoi
I actually use SPXS
It's a leveraged bear ETF that returns -300% of the return of SPY.
It's a leveraged bear ETF that returns -300% of the return of SPY.
Posted on 4/7/20 at 3:38 pm to transcend
quote:
It's a leveraged bear ETF
translated into english as "a great way to lose money"
Posted on 4/7/20 at 3:40 pm to cgrand
My portfolio is up over 90% since the Rona started, between playing TVIX and SPXS 
Posted on 4/7/20 at 3:49 pm to HailHailtoMichigan!
quote:
Why did the market give up the rally today? New bad news come out?
IMO it's because we came into resistance (at least on SPY) at 275ish and then oil tanked as the day went on so the market bled off the gains from the open closing at the lows of the day. Usually closing at the lows is an indicator of a down day tomorrow but in this volatile market any news could swing it wildly in one direction or the other.
Posted on 4/9/20 at 9:19 am to cgrand
quote:
just bought 200 SPY at 265.13
sold at 278
not bad!
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