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Stock Thread (4 Viewers)

Todem said:
Jesus no. OZ come on man. 

Talking blue chips here.
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:lol:

Pretty sure bass isn't buying true blue chips here. 

MFA and DFS are both down bigly today.  (DFS didn't rise quite as fast but MFA killed it last week)

 
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So would you guys expect a big red day tomorrow as well?  I mean, doesnt seem like a ton has changed.  We know everything is limited capacity and with a thousand protests COVID cases would spike up, but with everything known right now wouldnt people have just sold what they were going to sell by now?  Or is another 5% down day in the cards tomorrow as well?

Are the youngsters pulling all their money out right now to go enjoy the nice weather?

 
CR69 said:
I'd still want to caution on the discretionary stuff like travel. TSA traffic is still down 80-85% depending on the day. As far as casinos, Vegas is a ghost town. Sure there was a pop on opening weekend but from my research it seems like it was a lot of locals and Californians. They're hurting bad with being limited on capacity and I think we'll see the same thing we saw in retail with their expenses skyrocketing due to COVID-19 procedures. Not to mention those with exposure to Macau are not seeing anywhere near the visitors they were prior to February. 
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That is a fair assessment. Taking a shot with MGM and SAVE one last time. I think we will get another pop as the news sways. This market is all about headlines....purely headlines for a while. 

We are trading and taking advantage of crap headlines to buy....and good ones to sell these travel names. 

 
ghostguy123 said:
So would you guys expect a big red day tomorrow as well?  I mean, doesnt seem like a ton has changed.  We know everything is limited capacity and with a thousand protests COVID cases would spike up, but with everything known right now wouldnt people have just sold what they were going to sell by now?  Or is another 5% down day in the cards tomorrow as well?

Are the youngsters pulling all their money out right now to go enjoy the nice weather?
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We could have one more red day tomorrow heading into the weekend. Then some money comes in to value hunt. 

We are not shutting down again. Country cannot do that. Or we are done. 

So let’s get settled into the headline risk and reward. This market is disconnected from the economy for as long as guidance is absent. Once the election is over.....and we head into 2021.....all bets off. Fundamentals and revenues and jobs will rule the day.

Trust in the great names for the long term. And trade the fun stuff (MGM, BLMN). I was always hesitant about airlines.....so we are a little remorseful about Save......but it will pop again..No doubt in my mind.This market is crazy. Lot’s of trading going on.....it is not over LOL!!!!

 
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-OZ- said:
:lol:

Pretty sure bass isn't buying true blue chips here. 

MFA and DFS are both down bigly today.  (DFS didn't rise quite as fast but MFA killed it last week)
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Add MFA at 2.24 before the market opened today.  This is an easy 40% gain staring us in the face.

 
ghostguy123 said:
So would you guys expect a big red day tomorrow as well?  I mean, doesnt seem like a ton has changed.  We know everything is limited capacity and with a thousand protests COVID cases would spike up, but with everything known right now wouldnt people have just sold what they were going to sell by now?  Or is another 5% down day in the cards tomorrow as well?

Are the youngsters pulling all their money out right now to go enjoy the nice weather?
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Let's be honest, none of us know. But this sell-off is ugly. Slow bleed, no support. Could easily see a relief rally here though. But seems in no man's land here. You'd need a technical push to get the bottom to fall out from underneath. With this slow bleed today, may have allowed the dealers to get on the right side of things. I'm looking for those levels where you just get indiscriminate selling. I don't think we're that far away from it especially with so much retail flow. But they may just double down. 

 
sporthenry said:
Let's be honest, none of us know. But this sell-off is ugly. Slow bleed, no support. Could easily see a relief rally here though. But seems in no man's land here. You'd need a technical push to get the bottom to fall out from underneath. With this slow bleed today, may have allowed the dealers to get on the right side of things. I'm looking for those levels where you just get indiscriminate selling. I don't think we're that far away from it especially with so much retail flow. But they may just double down. 
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I am not nearly as bearish as you Sport. I don’t don’t we get some more bleed.....but another bottom fallout is saying we are not recovering anytime soon and I see a recovery coming. More and more people are heading outside. More and more people are starting to get going despite the spikes. 

People are going live. And they are going to have to live in a Covid world till the vaccines (hopefully) come out by next year. I am very optimistic about a viable vaccine sometimes first quarter next year. I have never seen the amount of bio techs racing like this to get a vaccine. We are talking epic research and fast trials going on here. 

You know what scares me though? There are lunatics who refuse to get vaccinated for anything in this country. That is what scares me.

 
BassNBrew said:
Just getting ready to post that after I bought some.  Near a 52 week low.  Free money unless you think beer consumption will drop by 40%
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You see.....value is there. You just gotta dig for it. 

It also shows you how apocalyptic March 16th-23rd was. We are simply not going back there. That was your once in a decade shot folks. 

Get used to this range. 23,500 - 27,000 13-14% range bound market in my opinion as we listen to the talking heads on all the various news media outlets. 

Block out all the noise. Keep your head down, find great companies and profit long term. 

This is a fear sell off....pure fear again.

 
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-OZ- said:
It's probably not the "right" choice but I've started to use utilities (VPU mostly) as a significant part of my "bonds". I know they're not the same, adds some risk, but I'm good with it.
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I do this. It's a great idea, IMO, especially with longer term funds. 

 
Todem said:
I am not nearly as bearish as you Sport. I don’t don’t we get some more bleed.....but another bottom fallout is saying we are not recovering anytime soon and I see a recovery coming. More and more people are heading outside. More and more people are starting to get going despite the spikes. 

People are going live. And they are going to have to live in a Covid world till the vaccines (hopefully) come out by next year. I am very optimistic about a viable vaccine sometimes first quarter next year. I have never seen the amount of bio techs racing like this to get a vaccine. We are talking epic research and fast trials going on here. 

You know what scares me though? There are lunatics who refuse to get vaccinated for anything in this country. That is what scares me.
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I mean, let's be honest, everyone forgot about the virus. I think the whole second wave talk is a little overblown. I'm sure it's contributing but I think this is just a corrective action to everything being overbought. PCR too low. Opex next week looming. Retail obviously going crazy. Fed was neutral. 

I'm not like super bearish, despite my comments. Am actually more constructive than I was but price is still expensive and I'm actually looking for dislocations. I do think a lot of this rally was air (or make-believe money). Not necessarily going away but we're only getting a 7% correction from Monday's close (and 7% down YTD). Only 11% from Feb highs. Still up 35% from lows. Lows aren't going to be retested. Doubt we retest 2,500 but is 2,750 out of the question or something with a 2,8 handle? I'm also just looking at technicals. Lot of the sell off in Feb was people being offsides. Don't think folks are as offsides but definitely seems like market is a bit offsides. So if they can push through 3,000, I think another 100-200 points isn't out of the question. I'm just not in a rush at this very level. I do think we're in a sideways channel but it's defining what that channel is that is difficult? Is it 3,500/3,000 or 3,250/2,750? 

 
Don't Noonan said:
Straight fear and panic selling today folks.  Reminds me so much of March.  Buying today for folks with cash that we have been waiting to deploy.
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The candle charts the past few days look awful similar to late Feb when this all started with a drip, drip, DROP.   Since then I don't remember a day with back-to-back big drops.  Always some pullbacks before another drop (if one comes).  It's what I'm betting for tomorrow and why I started some positions in FAS and TNA.     

 
McBokonon said:
Seems like a good time to start a position in MET if you're a dividend investor. Hits all the value stock buttons and seems to be leaving its base. It's not for me but if I was looking for income, it's a 4.52% yield and they raised the dividend at the end of April which is saying something.
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OK, fine, I'm in for $MET. May as well have a decent dividend payer in my ROTH.

 
sporthenry said:
I mean, let's be honest, everyone forgot about the virus. I think the whole second wave talk is a little overblown. I'm sure it's contributing but I think this is just a corrective action to everything being overbought.
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The thing that makes me I think agree with this is that the stay at home stocks, and even the vaccine stocks, were down bigly as well today.  If this was a COVID reversal you'd think we'd see MRNA and GILD and the like making some gains, but they took the hit just like everything else.

 
SPX closing at 3,000 seems like no man's land. Will be interesting to see what the technicians say. "Seems like it could go either way" - John Madden, but do think you're likely to see 3-5% either way from here. 

 
BassNBrew said:
Hopefully insiders know something.  With the COVID second storm story today, some great intermediate trial results would be a perfect storm for us longs tomorrow.
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Hopefully some news about getting listed.  Then good news on the science after that (especially on the COVID front).

 
CytoDyn Reached Its Enrollment Target for Phase 2 COVID-19 Trial for Mild to Moderate Indication – Primary End Point Announcement Is Next

BY GlobeNewswire
— 4:05 PM ET 06/11/2020

VANCOUVER, Washington, June 11, 2020 (GLOBE NEWSWIRE) -- CytoDyn Inc. (CYDY) , (“CytoDyn” or the “Company"), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today the Company has met its 75 patient enrollment for its Phase 2 clinical trial entitled “Study to Evaluate the Efficacy and Safety of Leronlimab for Mild to Moderate COVID-19.” 

This Phase 2 trial evaluates clinical improvement of several symptoms over a 14-day period, including changes in multiple clinical baseline metrics after days 3, 7 and 14.  The Company expects the evaluation clinical patient data to be available two weeks after the last patient is enrolled. Because there are more patients who have been screened for enrollment, final enrollment is expected to exceed 75.

Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn (CYDY), commented, “Based upon our understanding of clinical outcomes from severe and critically ill COVID-19 patients, we are guardedly optimistic about the potential results from the mild-to-moderate patients. Furthermore, CytoDyn (CYDY) will do an interim analysis of patient data in the Phase 3 trial for severe and critically ill COVID-19 patients and we hope to have these important results in 2 to 3 weeks.”

 
I'm ready to come in pretty hot.  Worried schools really pull the rug out in the fall and torpedoes everything though.  

 
Getzlaf15 said:
CytoDyn Reached Its Enrollment Target for Phase 2 COVID-19 Trial for Mild to Moderate Indication – Primary End Point Announcement Is Next

BY GlobeNewswire
— 4:05 PM ET 06/11/2020

VANCOUVER, Washington, June 11, 2020 (GLOBE NEWSWIRE) -- CytoDyn Inc. (CYDY) , (“CytoDyn” or the “Company"), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today the Company has met its 75 patient enrollment for its Phase 2 clinical trial entitled “Study to Evaluate the Efficacy and Safety of Leronlimab for Mild to Moderate COVID-19.” 

This Phase 2 trial evaluates clinical improvement of several symptoms over a 14-day period, including changes in multiple clinical baseline metrics after days 3, 7 and 14.  The Company expects the evaluation clinical patient data to be available two weeks after the last patient is enrolled. Because there are more patients who have been screened for enrollment, final enrollment is expected to exceed 75.

Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn (CYDY), commented, “Based upon our understanding of clinical outcomes from severe and critically ill COVID-19 patients, we are guardedly optimistic about the potential results from the mild-to-moderate patients. Furthermore, CytoDyn (CYDY) will do an interim analysis of patient data in the Phase 3 trial for severe and critically ill COVID-19 patients and we hope to have these important results in 2 to 3 weeks.”
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This is great news. Man Pourhassan is pretty dramatic in his delivery. 

 
sporthenry said:
SPX closing at 3,000 seems like no man's land. Will be interesting to see what the technicians say. "Seems like it could go either way" - John Madden, but do think you're likely to see 3-5% either way from here. 
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First link on my quick quote for S&P 500 is BofA chartist says 20% upside in play and 3700 possibly in reach from here. 2nd link from Seeking Alpha says "next big crash may have just started!" with technical analysis pointing down to the 2600~2800 range from here. Gotta love the interwebs!

My extremely amateur tech analysis shows some support around 2,930-ish, big support at 2,800-ish and then if it breaks thru that look out beloooow. That analysis and $5 will buy you a bag of :popcorn:

 
Buckna said:
First link on my quick quote for S&P 500 is BofA chartist says 20% upside in play and 3700 possibly in reach from here. 2nd link from Seeking Alpha says "next big crash may have just started!" with technical analysis pointing down to the 2600~2800 range from here. Gotta love the interwebs!

My extremely amateur tech analysis shows some support around 2,930-ish, big support at 2,800-ish and then if it breaks thru that look out beloooow. That analysis and $5 will buy you a bag of :popcorn:
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We need the $GYPR bat signal from Siff. 

 
kevzilla said:
Might hold on overnight, but will likely hit the eject button on TVIX today. I've been way offside on this trade for weeks; down about 30% Monday, up about 13% now.
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I had 220 shares of TVIX. I sold the 40 in my cash account (rest are in a Roth) at 202 at close. I intended to repurchase those 40 in one of my Roths, but turn out none of them have enough cash. Now they're up to 215. Dammit. I should have left them alone rather than try and skirt taxes. And if I buy back in in my cash account, it will be a wash sale because of trades earlier this month. Sigh. I guess I'll buy $8K worth of TZA or FAZ as a replacement. 

Also shorted some of the crowd favorites here. BLMN and MAR have bloated P/Es and if we have anymore shutdowns, I think they will be toast. Longshot plays, like I like to play. Long odds, huge payoff if I hit.

 
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