you guys thinking that waiting until Q2 results are out to start buying?

that is unless you're able to day trade and profit on the ups/downs in the mean time?

pretty much for me. Waiting till Q2.

And for the ones applying for CERB, that's dumb. Easily auditable if you have a legit income source and risk being audited in future tax years, for what? 2000/month?

Don't be part of the problem

Oil is fucked.

How does oil even get that low? :fulloffuck:

what are the consequences of these oil prices

So when I go fill up, Shell will pay me instead?

Its because the futures contract rolls tomorrow and nobody wants delivery of the oil next month because there is no more capacity to store oil anywhere including refineries so everyone needs to get out of their positions. That's why energy companies have only dropped ~3% despite the -200% collapse in oil. Brent is also still fine.

Let it crash... someone has to lose and clearly Saudi says F U Canada.

It's at max capacity = lowering price to purge ain't working due to zero global demand... Guess econ 103 student never realized this theories / doesn't work at abnormal / extreme situations.

So....who here shorted USO :awwyeah:

Bought into Corning today

Seems like apt timing as trump announced he wants to push broadband into rural communities throughout the states

Quarterly earnings coming out this week. Any predictions of where the market's gonna go?

seems like everyone is thinking it's going to be ok because all i see if everything going up...oil/banks etc

i mean surely missed earnings are baked into the market direction already? we'll probably see a down day but i don't think that's gonna be the straw the breaks the bulls back. once the wage benefits dry up and people still can't go back to work in big numbers, thats when surely the market has to start mirroring the economic situation. then again this whole month has shown me that i know nothing about the market!

all i know is i'm having a major case of the shoulda-coulda on some stocks i'm been following...stupid me

its ok that's always the case when you are in the market.. we all woulda been rich by now if we knew when to buy and sell.

Almost everything is green today despite dismal earnings reports. Seems like a recovery/bailout was priced in this week.


RECESSION'S OFFICIALLY CANCELLED :troll:

Riding the wave up

TSLA is insane..

Man, if i had bought Tesla when i liked it at $72 could have probably bought a new Tesla with my profits lol.. literally had my finger on the buy button in my account and it jumped to 76 and i didnt like it at 76 lol

:(

jesus it's doubled almost since the initial Covid drop in march

Still think it's a bull trap? lol

for the banks, while the big drop has passed, do you think that Q2 reports will cause them to drop further?

855 to 700 since yesterday...ouch

https://i.imgur.com/r9fFOdc.png

https://i.imgur.com/xRecmDC.png

$14 billion tweet EleGiggle

But isn't it true?

I'd go as far as saying, replace Tesla with any company currently trading, I'd still think the statement holds.

There's neither a clear treatment for the coronavirus nor a viable (as in proven to work on animals) vaccine in route. This virus is going to stay with us for a while.

Now, we have 2 options:

1. Keep the economy closed, watch all the jobs evaporate in 3 month and all gov't prepare some sort of Universal Basic Income to ensure some sort of civilization.

2. Open the economy (now that most people are aware that this virus is SERIOUS) and deal with the virus as we go with shitty performance (hence stock prices) on pretty much the entire economy. But at least you have an economy.

IMHO, option 2 is the way to go. Yes, there'd be a second wave. However, I think with a lot of precaution in place, the spread can be controlled to a manageable level. By keeping the whole world locked up, there's a severe psychological and economical effect on the entire economy.

I've said it before, wait until the result of Q2 and then make your decision by then. Anything prior to that is just pure speculation. There's NOTHING that supports a quick turnaround of world economy. As a matter of fact, I think a depression is more likely than just a recession. Yes, there's money to be made in this lunacy of bulltrap runs, but also come at a huge risk. And for what? If the next bull-run is the same as we last had, the difference would be making a 250% return when you wait vs. 300% if you don't (and turn out to be right). So, unless you are purposely strategizing your purchase (buying your way down), or you have allocated capital for high-risk trades. I wouldn't do more than 10% in this climate. Again, there'd be good chance to make money if one just wait, granted it wouldn't be as good of a return, but then, only take as much risk that you can tolerate.

Now back to Tesla. I agree with the statement, even as a TSLA shareholder. The current flagship Fremont factory is shut down. With only GF3 in operation in China, TSLA can probably do 30% of total output if lucky. And as a HUGE shareholder like Musk, he'd be pissed of not able to re-open the economy already. Yes, health is the utmost priority. However, if the vast majority of people (pretty much anyone outside of the top 5% in our population) have to suffer and pretty much beg for food, I don't see it to be any BETTER than re-opening RESPONSIBLY.

Taiwan has shown clearly that if the majority of the population is willing to cooperate with preventative measures, there's no need to keep the economy locked. Taiwan never did (except locking up the island, which we could do more or less the same, just on a much larger scale).

I, for one, admire that Elon Musk actually had the cojones to say what he meant and be TRUE to what he thinks. One might not like what he has to say, but at least he's genuine on what he says.