How fucked are we going to be in Dec when so many companies are going to miss their numbers since people aren't going to black Friday shop? Many base their yearly budgets on that day, hence the word "black". I'm starting to think I might take my profits, but I know taxes are going to take out a big chunk because I haven't let it sit a year.
[Reply]

Curious to see what nikola does after hours in regards to earning report.
[Reply]

Probably lose it's ass.

I decided it has a lot to prove. I might buy back in around 20.
[Reply]

I don't think you will be at all. We've seen that tech companies will be fine. Will there be any company that does amazing? Probably not, unless perhaps the new Xbox or PS5 really catch fire. Apple is still going to sell a million new iPhones in their Sept Oct launch window. But people are putting their money in safe places, and tech is it. The retail likely to suffer is the retail already suffering. Multiple clothing companies have declared bankruptcy during the pandemic already, and it's businesses like that where extra money not being spent on Black Friday matters. But those companies have already had their stocks crushed a long time ago, like Ralph Lauren being down 50% since the start of the pandemic. If you were buying that stock today, the stock is already factoring in that the holidays probably aren't going to be great, otherwise it wouldnt still be down 50%.
[Reply]

I'll jump in on a Tuesday because there was significant news.


The bond market and US Treasury debt is now offering negative returns. Those big pension funds that are already underfunded are being asked to pay these financial instruments for holding their money.

Virgin Atlantic filed for bankruptcy today. One of the best run airlines in the world is asking for billion$ from the UK and US (and their debtors) to keep afloat. They will run out of money next month. Wanna invest in airlines?



Novavax, one of the darlings in the Covid-19 vaccine world is getting hammered after hours. Their vaccine is not meeting expectations. That stock has gone meteoric since March. This is the risk in investing in the winner to the race to a vaccine.


Real estate and gold continue their move to the upside.

Good investing and make lots of money in this weird market.

Stewie
[Reply]

IDEX is a crap penny stock. What's your fascination with it?
[Reply]

That's what they said about IBIO.

:-)
[Reply]

-14%

WOOF

this thing is vaporware
[Reply]

You're kidding, right? Another shit stock.
[Reply]

Not for Hammock it wasn't.
[Reply]

1.55 to 5.25.


[Reply]

Really? When did he buy and when did he sell? I can see a daily candlestick chart and it's a very narrow window to make decent money.
[Reply]

I literally held it for months until it popped. I actually made money on it twice.

I predict one more pop before the vaccine, and then it goes under a buck until the next pandemic.
[Reply]

Looking at the charts you are really, really smart. Why aren't you living the life of Riley?
[Reply]

Ah, so the 1.55 to 5.25 is mixed with a previous purchase/sell. Was that a wash sale?
[Reply]