Everything posted by Eastwood
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Markets still falling like whoa
It's anger from the market not reflecting the reality of the situation due to people giving too much weight to the stimulus. It will amplify future losses when the other shoe drops and the market realizes how bad the economy is in late May. Basically, instead of finding bottom naturally, the bottom has been delayed and will now possibly be even deeper. But yes, some short sellers are mad because their puts didn't pay off. But others are mad for macroeconomic reasons.
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Hey Oil Barons.......
Looks like they held out just long enough to cost me my job. That was nice of them.
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Hey Oil Barons.......
Doing cuts after that temper tantrum makes them look like clowns. Will be surprised if it holds.
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Hey Oil Barons.......
WTF just happened? WTI jumps 8% immediately and USO just got halted.
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Hey Oil Barons.......
Hope springs eternal.
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I think I may have Covid-19 thread - 2 confirmed cases
- Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
A tiger at the Houston Rodeo got it, so they're shutting it down.- Hey Oil Barons.......
The way everything is working, right now, it could have gone horribly and we'd see another 10% gained on Monday. Or it could have gone amazingly and oil drops into the teens.- Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
On the mask issue, I ordered HEPA vacuum bags and took a razor to them to cut them into squares large enough to cover the nose and mouth. Tape into the inside of a balaclava, go on the grocery run, come home, take mask out of balaclava, toss in outside trash, drop balaclava into hot soapy water. At a clip of once a week, I have a year's supply through that method.- Hey Oil Barons.......
I bet it does. Permian players who are lobbying the RRC for cuts are likely lobbying DC for cuts, at as well. Maybe we'll replace OPEC+ with Super OPEC++ that includes the US.- Markets still falling like whoa
Actually, yes. Just started trading full time with the free time that I now have. If it weren't for my SPY puts and my stupid AAL purchase, I would be at 19% returns. Currently at 3% returns over a week and a half. Most of those returns were from shorting Oneok after they had their 11% jump last week. Just from what I know about that company, I knew it was fool's gold. Bought a $23 put for cheap and it returned $956 in just 2 days.- Markets still falling like whoa
I bought American Airlines at $16 two weeks ago thinking that the bailout news would boost them. Apparently, the airlines are immune to the sunshine pumping.- Markets still falling like whoa
I have a short in D.R. Horton. 10 million people lost their jobs and mortgages are struggling due to Fed interference blowing up their ability to originate and service new loans and a home builder's stock goes UP? Madness.- 2020 UFC/MMA thread
That's a light-ass sentence for someone with his priors.- Markets still falling like whoa
With that line of thinking, I bought a 1 May 20 20 call for Synchrony. Two reason, one being that Synchrony has been digging into the small business sector and small businesses will be taking out loans with them, and two being that the stimulus money is going to be dumped into bills with Synchrony accounts being one of them. Their earnings call on April 21 will let me know if it was a good bet or not.- Markets still falling like whoa
I think people just haven't capitulated, yet. There are a bunch of earnings calls going out on April 24 that might do the trick, though.- Markets still falling like whoa
RIP my 4/1 SPY P 250- Hey Oil Barons.......
Can't give specifics in order to protect the client, but I was on the land side of things. The first domino to fall, always. Thanks for all the well wishes. As I mentioned, instead of using this "boom" to chase the dollar, I used this one to dump money into preparing for a future career elsewhere, if necessary. It's nerve wracking, but all I can do is remind myself that this was "priced in" when I signed back on. Good luck and God speed to the rest of you.- Hey Oil Barons.......
I already did a career "hedge" so to speak that will kick-off next year, so this will probably be my last rodeo at this level. If I can come back in a different capacity, the price is always right, but I won't be exclusively oil and gas ever again, if I can help it.- Hey Oil Barons.......
Today was my last day, boys. See you next boom.- Hey Oil Barons.......
Down is up in energy today. I seem to remember something like this happening in 2016 and it ended in a bloodbath.- Markets still falling like whoa
I have exactly 1 CVX put at 65 on Apr 3. Oil price movement today should have made it a winner, but here I am.- Markets still falling like whoa
Also, take a look at Coca-Cola. It is at a 4 year low, right now, and was trading flat for a good while before COVID came in. They lost the restaurants and bars, so it will like climb back up as soon as the restrictions are lifted.- Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
I read the list of essentials and my specific job isn't covered by that, but I knew any E&P company would see the header "Oil and Gas Industry" and take that as the green light for everyone. I work from home and have been working this whole time (thank God), but it will make little difference in a week or so. We're all sitting on our ass by April, IMO- Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
I have also received the email stating that O&G is essential. - Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
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