OH - since I am already loaded on my oil bets and some banks and blue chips (KO, DIS), next dip I will bottom feed some more researched names and unique opportunities. This is my COVID fund!
next leg beginning..glad I got SDS as a hedge and will see where this possible washes out down to...2400 - 2600 is the generl range for next leg unless we get some out of the blue good news...
OK looks more like the retracement I have been calling for/expecting. Who is keeping gun powder dry for next round of buying for their COVID fund? I got my stocks hedged a little with SDS and will see if I can make money on the way down to test 2400/2600 level. Basically not really a hedge, I put on a position to profit from next leg down and then add more stocks. If we never hit 2600 and bounce again up I still make something so lets swing trade this fucker. and then start picking some undervalued stocks for the 2 - 4 year time frame to profit.
You cannot keep a good OIL down.... Lots of panic with the negative oil price temporarily in the front month but just be patient as oil hates being below $20. We are now building a nice base. Over the next 6 weeks many countries are going to start phased in opening. Might not see real flight traffic until mid summer really but acquiring oil based stocks was a goods first bet. I still think we might have a natural next leg down again before forming base in overall market but market just seems to want to float higher on government money pumped into the market and a return to normal.
You gettin' out and about yet Ocho? How's Mrs. Ocho holding up? I bet next February you'll be name hunting for a new little Ocho. Alexandria-Ocho-Cinco might fit.
I went out yesterday for a non-grocery store run given the nice weather and I felt l ike a bear who just came out of hibernation. Happy to see some life in the commercial areas (groceries, UPS store, gas stations mainly). I went to my son's school to help out with something and the place was so quiet with grass overgrown and empty rooms...it was like walking around a Walking Dead set just after everyone cleared out. Alexandria Ocho Cinco.....AOC.....I think she will be gone by November to be honest.
That should have read "hunting names for a new little Ocho". You being couped up so long with Mrs. Ocho and all.
She'll trounce that milf. Honestly worry about the activity myself & the 2nd wave build up. What's your play in oil....been doing nicely these last two days.
For oil I loaded up on the following: Exxon Royal Dutch Shell Sasol TeeKay Tankers marathon (MRO) Call Options on XOP (Oil/Gas SPDR) Had a lottery ticket play on one of the 2x ETFs but it went bust. Indirect play on OIL is shorting Mexican Peso via /6M. Willing to scale in more to these positions if we get another sell off but I think oil is basing around $20 and popped to $24 today. I think we stay in this general area for a while. Non oil plays also on solid companies who by next year should be 50 to 100% up.
85, thanks for that OILU tip, LOL I was looking at my account the other day going "wtf, I know I bought some. Wth is it" Scary that those things can go to 0.