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For those that are in tankers, what's your take on the price action lately? Are you still in it for the next few weeks, months, or has your patience ran out on this play? I'm in FRO and INSW and don't see the fundamentals changed of why this was a good opportunity but the price action lately has been the suck. 

 
He’s been doing and saying some crazy things the past couple of days.  I think the pressure from the stay at home orders must be getting to him. lol 
I know but seems especially crazy ahead of his payday. Maybe he has puts on the market? His compensation plan is complicated but tied to the market cap of the company so not sure what he is doing.

 
He was saying 2850 was the line in the sand, correct? What was his downside when that fails to hold?
Yes and he's not the only one but he's free and  is really dialed in. 

From yesterday: This morning I posted 2850 was the key level in $SPX and we're there. If SPX is going to see another bounce possibly to a mild new high its from here - once this lvl breaks either direct or after a bounce, this weeks new breakout officially failed and 2720 then 2630 are next down.

Understand that he updates as the market moves. No guarantee that 2720 happens. It's just the most likely scenario.

 
Some sort of conference call with CYDY going on right now??  Is this another price drop directly after more news comes out?

 
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Elon can keep trying, but he’s never going to top the time he cratered TSLA by smoking weed on Joe Rogan’s show. That was the peak of the genre.

 
For those that are in tankers, what's your take on the price action lately? Are you still in it for the next few weeks, months, or has your patience ran out on this play? I'm in FRO and INSW and don't see the fundamentals changed of why this was a good opportunity but the price action lately has been the suck. 
Sold all mine. I will avoid in future. Too volatile triggered by things beyond my understanding

 
For those that are in tankers, what's your take on the price action lately? Are you still in it for the next few weeks, months, or has your patience ran out on this play? I'm in FRO and INSW and don't see the fundamentals changed of why this was a good opportunity but the price action lately has been the suck. 
I'm still in it. Perhaps I'm stubborn but the question for me was whether to double down. DHT reports on Tuesday so that is the next catalyst. 

Price action is due to the rates falling which seem to be a combination of two things - OPEC cuts taking effect and contango trade becoming less profitable. They sort of play into each other but as near-term month contracts outperform longer-term, it reduces the value of storing it. 

Think I saw VLCC day rates were ~$100k, down 50% week over week but usual rates are sub $50k. The most vocal equity analyst said the current contago supports "VLCC to avg $71k/d in May/June." He also updates it daily so it's a bet on contango being worse but no idea where all this oil continues to go. These guys will still print money in the near term. 

 
Here is my portfolio for long term holds, I add weekly for the next year. The only thing I can't decide is which day of the week to add. I'm considering just adding the first day of every week when the indexes are down 1% for the day, but if that doesn't happen over the week, the buy will be defaulted until Friday at open, no matter what.

I currently own boatloads of my company stock and GOLD. Also, obviously, CYDY.

DCA strategy is for this basket that I intend on owning for a long time. 

AMZN, CVS, DIS, DKNG, FB, HD, JPM, LEN, MGM, NKE, NFLX, NVDA, OKTA, SHOP, STWD, TTD, TWTR, VZ, ZM
There has to be a formula to make this more profitable and provide an even better average than just the next 12 months as a whole. If there was a formula that dictated total dollar amount to get in over each week.

Like if the S&P is over 2,750, buy X weekly. X will equal Total $ / 52

If the S&P is between 2,500 - 2,750, buy Y weekly. Y will equal Total $ / 39

If the S&P is between 2,000 - 2,500, buy Z weekly. Z will equal Total $ / 26

Under 2k and buy a total amount divided by 13 for those weeks

Does that make sense? I think it does, but I'm still kinda drunk from yesterday. 

 
First Squawk

@FirstSquawk

TRUMP SAYS HE HAS A PLAN TO ADDRESS NATIONAL DEBT

This should be good given how he seems to misunderstand negative rates. Cancel China's debt? Restructure? Declare bankruptcy?

 
Thoughts on LUV?  Seeing they are still bouncing around lows while they have a better brand/balance sheet than a lot of their peers.  What am I missing?
LUV is what brought me in here. I see it as a complete slam dunk to double back IF you're willing to hold 2-3 years. 

It's the airline I like the best as a consumer. They got money.

I feel DOMESTIC travel will open first. I really don't think many will be willing to trade a 5 hr drive to LA or 10 hr drive to Vegas from the Bay Area for a 1-1.5 hr flight. If you're traveling for work or pleasure, you've already made the conscious decision to be out in public. 

Sure during travel restrictions it'll be crappy, but I'll take a for sure 2x in a couple years. Don't have the knowledge or desire to play the short term game. 

 
NP clearly stated in an interview yesterday that Dr Patterson would be published in a prestigious medical journal today.  Haven't seen anything on this yet but my antennas will go up a bit if he's out there pumping something that is not true.

There is no need to pump if this is happening, just let it happen and if you are going to say something, you have to be credible.

 
For those that are in tankers, what's your take on the price action lately? Are you still in it for the next few weeks, months, or has your patience ran out on this play? I'm in FRO and INSW and don't see the fundamentals changed of why this was a good opportunity but the price action lately has been the suck. 
Riding out the volatility for now because I don't think the thesis has changed. That said, I think the shale collapse is being priced in a bit because of its (eventual) impact on supply. The oversupply is going to snap back in severe fashion at some point. And trying to follow along with the news but its fast and furious. 

 
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More or less a bankruptcy call. Evercore won't be doing any M&A for AAL anytime soon.
So say AAL goes through bankruptcy and continues to operate.  How would we make money on that?  As in, when to buy in?

I thought I had read a little about their last bankruptcy and the stock opened and blew up.  I may have read it wrong but was wondering if anyone had any insight they would like to share.

 
NP clearly stated in an interview yesterday that Dr Patterson would be published in a prestigious medical journal today.  Haven't seen anything on this yet but my antennas will go up a bit if he's out there pumping something that is not true.

There is no need to pump if this is happening, just let it happen and if you are going to say something, you have to be credible.
They seem to have had three different paid for press conferences in the last week where they said the same thing regarding the miraculous results of Leronlimab.  Each time they spoke of the "paper" that would be published.  I would also find it very concerning if this "paper" is not published today.

 
Re: DKNG

Fully get what a lot of you are saying about the lack of sports going on and how a lot of IPO's typically respond in the early months/year.  I don't know how much of their income comes from the different sports, but I'm assuming NCAAF and NFL has to be the biggest share.  I'm a little concerned about their current $13.8B market cap and how that really measures up.  Sort of having some Pot Stock fear here with that.  Too forward thinking and super high expectations?  Nothing to really compare it against?  Seems a lot different from the casino stocks.  But this is totally outside my area as I'm not a huge sports and gaming gambler.

Potential does excite me which is why I've been watching since it went public.  Haven't moved yet because I don't see the price changing (up) any time soon, but don't want to miss out either.  NCAAF cancels the season and does it drop 25% or more?  Can this really be a $25+B company or high yielding Dividend?  

 
I'm not deploying the bankrolls you guys have, so I'm tempted to take my 15% in TVIX and bow out. But...the pattern for me (so far) has been to buy and sell too early. Cos, talk me down.

 
So say AAL goes through bankruptcy and continues to operate.  How would we make money on that?  As in, when to buy in?

I thought I had read a little about their last bankruptcy and the stock opened and blew up.  I may have read it wrong but was wondering if anyone had any insight they would like to share.
Buying equity of bankrupt companies is a dangerous game. They're usually worthless or worth pennies. Some do work out well. Think AAL benefited from a merger with US Airways and a return of the market. 

If you think it's going bankrupt, then short it or buy puts. Once it files, you can try to guess what % the equity will get of the company and what you think the equity is actually worth. But by definition, a company files when they are insolvent, have more liabilities than assets. Since the liabilities must be paid before any equity holders, creditors are made whole before equity get anything. Equity usually get a little bit as a tip for nuisance value but not much. PCG and CZR are unique examples where they filed but the equity was still worth something. The bankruptcies that turn out best are usually the ones that file when the market is most bearish and liquidity dries up.

 
I'm not deploying the bankrolls you guys have, so I'm tempted to take my 15% in TVIX and bow out. But...the pattern for me (so far) has been to buy and sell too early. Cos, talk me down.
This relatively tiny move in the other direction won't be scaring me off. I think there's a long downhill run in store.

But 15% in a day is pretty sweet and there no risk in holding cash. The only risk is you may not be able to afford re-entry as the bears gain control. Tough call. I've doubled my Roth this year, so I'm not nearly as risk averse I would be otherwise. 

 
This relatively tiny move in the other direction won't be scaring me off. I think there's a long downhill run in store.

But 15% in a day is pretty sweet and there no risk in holding cash. The only risk is you may not be able to afford re-entry as the bears gain control. Tough call. I've doubled my Roth this year, so I'm not nearly as risk averse I would be otherwise. 
I'm too lazy. What are the roll costs on TVIX? Is there any cost to holding over the weekend?

ETA: The ETNs, and in particular the 2x Long ETNs, are intended to be trading tools for sophisticated investors to manage daily trading risks.

Well that defines all of us to a T.

 
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They seem to have had three different paid for press conferences in the last week where they said the same thing regarding the miraculous results of Leronlimab.  Each time they spoke of the "paper" that would be published.  I would also find it very concerning if this "paper" is not published today.
I don't know who you are, but if you're looking for weak hands, I don't think you'll find them here. I'm in for the HIV treatment, that by itself makes it worth much more to me. Charlie Sheen could take anything, he takes this. If it is effective for PrEP too, by itself on HIV, this is a $12-$15 stock. I'll take a Covid bump all day, but I'm here until @chet says otherwise. He's taken us up 1000% so far, I'm not scared, not even a little. This makes up $20k for me, I hardly even check it, just look for Chet's posts. 

 
I don't know who you are, but if you're looking for weak hands, I don't think you'll find them here. I'm in for the HIV treatment, that by itself makes it worth much more to me. Charlie Sheen could take anything, he takes this. If it is effective for PrEP too, by itself on HIV, this is a $12-$15 stock. I'll take a Covid bump all day, but I'm here until @chet says otherwise. He's taken us up 1000% so far, I'm not scared, not even a little. This makes up $20k for me, I hardly even check it, just look for Chet's posts. 
I have plenty of CYDY also and am holding on.  I am just commenting on the three recent press conferences and the so far lack of the paper being published.  

 
Asking questions about CYDY is fine.  I'm questioning some things but havent sold a share today and am not planning to.   Needanap does make a point about the webcasts, don't completely disagree.  Can only hope they are reaching more key people with them each time because the message didn't change much the last week.

 
I don't know who you are, but if you're looking for weak hands, I don't think you'll find them here. I'm in for the HIV treatment, that by itself makes it worth much more to me. Charlie Sheen could take anything, he takes this. If it is effective for PrEP too, by itself on HIV, this is a $12-$15 stock. I'll take a Covid bump all day, but I'm here until @chet says otherwise. He's taken us up 1000% so far, I'm not scared, not even a little. This makes up $20k for me, I hardly even check it, just look for Chet's posts. 
To preface:  chet's representation of CYDY has been anything but shady.  He has done it right imo.  But gotta say - 

These paid ads and "reports" make me leary about the longterm.  Reporting "results"... when you havent finished the series (ie you dont actually have results).  Borderline unethical and the FDA doesn't eff around with this stuff.

You can absolutely jeopardize future indications from the FDA by screwing up in regard to another.  Or by pumping the same indication before you have it.  Been there, done that. 

I only bought a little (1000) and will continue to ride along, but I cringe everytime I see them disguising an advertisement as a clinical report.  

 
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To preface:  chet's representaion of CYDY has been anything but shady.  He has done it right imo.  But gotta say - 

These paid ads and "reports" make me leary about the longterm.  Reporting "results"... when you havent finished the series (ie you dont actually have results).  Borderline unethical and the FDA doesn't eff around with this stuff.

You can absolutely jeopardize future indications from the FDA by screwing up in regard to another.  Or by pumping the same indication before you have it.  Been there, done that. 

I only bought a little (1000) and will continue to ride along, but I cringe everytime I see them disguising an advertisement as a clinical report.  
Yep, they don't have to pump it at all if they have what they say they have.  The clinical trials are going to reveal it in due time.  That's the only thing that matters.  Once they have results, they can have a webcast every day if they like.

 
I don't know who you are, but if you're looking for weak hands, I don't think you'll find them here. I'm in for the HIV treatment, that by itself makes it worth much more to me. Charlie Sheen could take anything, he takes this. If it is effective for PrEP too, by itself on HIV, this is a $12-$15 stock. I'll take a Covid bump all day, but I'm here until @chet says otherwise. He's taken us up 1000% so far, I'm not scared, not even a little. This makes up $20k for me, I hardly even check it, just look for Chet's posts. 
Conspiracy theory on:

I’m a little worried some politics are at play behind the scenes with the FDA. This administration seems to be on the Gilead wagon and little Cytodyne could cut into their PrEP leader truvada as well as beat them to covid.

 
I'm dumped my SPXS towards the end at 11.05 for a +7%.  Got in a little early on it and probably exiting early.  Plus some $ and really just don't want to think about it over the weekend. 

 

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