Man I have been lucky since March. I came out great with Boeing and PLAY and smaller amounts on others. Now about two weeks ago I am attempting to go long on REITS, banking, oh cool got you. I didn’t realize the federal reserve doesn’t communicate with the executive branch and is given no direction by them.
the Fed is an independent body. as such, it can go, and has gone, against the wishes of the POTUs, such was the case, in 2018, when Powell refused to lower the interest rate. on the flip side, the trust fund baby in the WH, the Jabba the Hutt of privilege, has injected exorbitant volatility, needlessly, to the stock market by his lack of coherent leadership/stability where would the stock market be if the trust fund baby had heed the warning (in Jan/Feb) of his trusted adviser, Peter Navarro, about the COVID19 the dotard's response was "i didn't read Navarro's memo" done some planning in implementing the tariff war w China
I just went in for a few shares on Boeing Monday afternoon, I should have listened to my gut and gone in a little harder. You make a good buy yet still somehow end up a little unhappy. The gains this week have me a little nervous. I pushed in a lot of chips on the travel and entertainment industry bouncing back, but I fully expected it to be a play that would take a full year for great returns. I'm up 10% just this week. Feels like some kind of buzzsaw is inevitable.
Looks like BX dipped a bit today. Might be a good time to pick up some calls. Looking at Sep 60c as suggested.
Returns are insane right now. FZROX (A total market index fund) is even up +33% from where I bought it.
Just to show how sucky the stock was, it's up 40% in one day and is still down 50% or so since the collapse in March. A lot of this is all the shorts getting out with whatever money they may have made, too, probably. What's crazy is this pop is a day or two after AAL's credit rating got cut. lol.
short covering doesn't explain the huge volume, almost 10 X normal.. according to you, short interest is ~~ 35% that said, agree that the stock sucks; will wait a bit looking to construct a synthetic short on AAL
That’s one heck of a range. “Good” jobs news faster than expected is causing it to take off early this morning. Everything is moving up at the moment. Crazy.
Yesterday I bought in on GE and F options that I was assuming were only quick day plays and made easy 100-200%+ flips on each... Fortunately I kept a few and also bought more further up for pretty much nothing. Whoever sold those options are having a bad time. I'll probably move remaining at market but might hold a few longer today. At this point it's already ridiculous on returns. I didn't get greedy enough but it'll be okay, there's always more coming. -I'm talking about ones that were purchased yesterday in the 0.05 range that are now worth 0.70+ each.
