Author Topic: Stocks  (Read 448684 times)

Offline Zevwolf

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Re: Stocks
« Reply #3930 on: March 08, 2020, 11:52:16 PM »
Crude Oil -25.85% stock futures -4.87%
Crude Oil now -32.32%

Offline stmark

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Re: Stocks
« Reply #3931 on: March 09, 2020, 08:24:46 AM »
Does it make sense to buy some of the big oil companies (CVX and XOM) and buy and hold and let the div yield keep things nice and comfy while waiting for the price to rise?

Offline aygart

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Re: Stocks
« Reply #3932 on: March 09, 2020, 08:38:19 AM »
Does it make sense to buy some of the big oil companies (CVX and XOM) and buy and hold and let the div yield keep things nice and comfy while waiting for the price to rise?
The drop in oil is, at least partially, connected to factors other that COVID-19. They can last quite some time.
Feelings don't care about your facts

Offline ExGingi

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Re: Stocks
« Reply #3933 on: March 09, 2020, 08:48:28 AM »
Does it make sense to buy some of the big oil companies (CVX and XOM) and buy and hold and let the div yield keep things nice and comfy while waiting for the price to rise?

Dividends can be cut.
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Offline Ephraimh

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Re: Stocks
« Reply #3934 on: March 09, 2020, 09:57:55 AM »
Does it make sense to buy some of the big oil companies (CVX and XOM) and buy and hold and let the div yield keep things nice and comfy while waiting for the price to rise?
The big sellers aren’t done selling, they can’t sell all they wanna sell in one day, especially considering the sudden and scale nature of this news, you don’t wanna get caught in the middle of it 

Offline stooges44

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Re: Stocks
« Reply #3935 on: March 09, 2020, 10:26:25 AM »
"The market triggered a ‘circuit breaker’ that kept stocks from falling through the floor"

Err... what does that mean in layman's terms?
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Offline Ergel

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Re: Stocks
« Reply #3936 on: March 09, 2020, 10:29:48 AM »
"The market triggered a ‘circuit breaker’ that kept stocks from falling through the floor"

Err... what does that mean in layman's terms?
They suspended trading for 15 minutes to ensure that the frenzied sell-off was paused for a moment and people could regain their composure
Life isn't about checking the boxes. Nobody cares.

Offline stooges44

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Re: Stocks
« Reply #3937 on: March 09, 2020, 10:33:22 AM »
They suspended trading for 15 minutes to ensure that the frenzied sell-off was paused for a moment and people could regain their composure

What triggers that? And who makes that call - Isn't everyone nogeiah bedavar?
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Offline yuneeq

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Re: Stocks
« Reply #3938 on: March 09, 2020, 10:34:13 AM »
What triggers that? And who makes that call - Isn't everyone nogeiah bedavar?

It's a pre-configured circuit breaker for when the market drops.

The rules, which apply to regular trading hours only, are as follows:

Level 1: If the S&P 500 drops 7%, trading will pause for 15 minutes.
Level 2: If the S&P 500 declines 13%, trading will again pause for 15 minutes if the drop occurs on or before 3:25 p.m. ET. There will be no halt if the drop happens after that. (This would occur Monday if the S&P falls 386 points).
Level 3: If the S&P 500 falls 20%, trading would halt for the remainder of the day. (This would occur if the S&P falls 594 points).
« Last Edit: March 09, 2020, 10:43:25 AM by yuneeq »

Offline EliJelly

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Re: Stocks
« Reply #3939 on: March 09, 2020, 01:14:47 PM »
I think it makes sense to play with MYCATL as a day trader now. This Monday was begging to start so the market can crash and dispose some of it's weight, after accumulating some bad news with COVID and OPEC talks. I think it's fair to predict that it will regain some of the losses in the next day or two. Any thoughts?

Offline Jellybelly

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Re: Stocks
« Reply #3940 on: March 09, 2020, 05:19:59 PM »
I wonder if this will have an effect on the amount of tzedaka given out over Purim

Offline @Yehuda

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Re: Stocks
« Reply #3941 on: March 10, 2020, 12:22:57 AM »
I wonder if this will have an effect on the amount of tzedaka given out over Purim
Yes, those who invested in CV stocks will be giving lots of Tzeddaka.  ;D

Offline EliJelly

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Re: Stocks
« Reply #3942 on: March 10, 2020, 11:32:07 PM »
I think it makes sense to play with MYCATL as a day trader now. This Monday was begging to start so the market can crash and dispose some of it's weight, after accumulating some bad news with COVID and OPEC talks. I think it's fair to predict that it will regain some of the losses in the next day or two. Any thoughts?
Easy guess I guess..

Offline Abey

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Re: Stocks
« Reply #3943 on: March 12, 2020, 08:28:17 AM »
AAL almost hitting penny territory  ;D take that Doug

Offline ExGingi

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Re: Stocks
« Reply #3944 on: March 12, 2020, 08:56:10 AM »
AAL almost hitting penny territory  ;D take that Doug
With a bigger debt load than before the last bankruptcy.
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