Markets still falling like whoa

[Trey3216 15,349]

2 minutes ago, jimmyjazz said:

$0.09 may hold as a great buy point.  I see something about $0.08 today, but you're basically at the bottom (so far) . . . <evil laugh>

I may end up at .08 after VRX and T today.  VRX shot up to 27.79 while I was eating an early lunch with a client and I couldn't get to my computer in time before it fell back below 27.  Cost me a lot of $$.  But, I still have time.  

[Anastasis 23,477]

Go home ATT, you're drunk. 

[hayden_horn 11,362]

27 minutes ago, Trey3216 said:

Yeah, I went overboard, but TWTR and VRX have treated me well the past 2 weeks.  I figured I may as well try the magic in other name.  I think this tank is way overdone right now on T.  I also think they will try to get the deal finalized by friday, and we'll see it drift back towards yesterday's closing price.  Then we'll have a real T party 

i bought TWTR at $16.8574. would that i had had the cash to buy more. it's up 137%.

[Trey3216 15,349]

7 minutes ago, hayden_horn said:

i bought TWTR at $16.8574. would that i had had the cash to buy more. it's up 137%.

Comcast just offered $65bn for 21st Century Fox assets.  

No doubt in my mind someone like AMZN, MSFT, DIS, GOOG will try and gobble up TWTR for $50-60bn.  

[Anastasis 23,477]

On the bright side, CVS and a number of others riding the tailwinds of the T decision. 

[Captainant 27,680]

20 hours ago, Captainant said:

I'm joining at .09! Lolz let's waste some gains from my AMD insanity

And just like that, my $0.09 $33 weekly calls are now worth $19. Unsure if I should cash out today and pocket the earnings as beer money or what.

[Trey3216 15,349]

Run T!!!! Run like you stole something!!!!

[jimmyjazz 45,981]

Not trading advice . . . but the Greeks are real.  As expiry approaches, T below $33 is going to drive those $33 calls to $0.00 (delta = 0) and T above $33 is going to drive them to pure intrinsic (delta = 1).  Expiry is tomorrow.

Personally, I'm looking to see if this little run today might have some gas in the tank, but I will probably exit before end of day.  All extrinsic value at the close will probably evaporate overnight.  I'd rather take small profits than watch them go "poof" just because T decided not to run tomorrow.

[Trey3216 15,349]

4 hours ago, jimmyjazz said:

Not trading advice . . . but the Greeks are real.  As expiry approaches, T below $33 is going to drive those $33 calls to $0.00 (delta = 0) and T above $33 is going to drive them to pure intrinsic (delta = 1).  Expiry is tomorrow.

Personally, I'm looking to see if this little run today might have some gas in the tank, but I will probably exit before end of day.  All extrinsic value at the close will probably evaporate overnight.  I'd rather take small profits than watch them go "poof" just because T decided not to run tomorrow.

I hear ya.  I held them because they were portions of house money.  Wish I had sold them at 11am when T reached 32.90's.  But oh well.  Maybe they'll finalize the deal this evening or before the bell and we'll run a bit tomorrow.   

TWTR is an absolute animal right now.  

[jimmyjazz 45,981]

Eh, I got distracted and didn't dump 'em.  I did set a limit but it didn't quite get hit.  It won't take a huge pop tomorrow for them to go in the money, but I'm considering them worthless at this point.

[Trey3216 15,349]

13 minutes ago, jimmyjazz said:

Eh, I got distracted and didn't dump 'em.  I did set a limit but it didn't quite get hit.  It won't take a huge pop tomorrow for them to go in the money, but I'm considering them worthless at this point.

The one's for next week are still reasonable too.  I think .24.  

[Trey3216 15,349]

DOJ won't appeal.  Closing deal early.  Hopefully tonight or before bell we'll get news.  Shares rising AH in heavy trading.

 

https://www.cnbc.com/2018/06/14/doj-wont-appeal-att-ruling-company-to-close-time-warner-deal-shortly.html

Edited June 14, 2018 by Trey3216

[Trey3216 15,349]

And the deal is final and closed.  TWX no longer.  

[PantsTent 2,002]

The Qualcom/NXP saga just may be ending as well.

 

[Aqua Buddha 14,598]

Serious question.  Trump threw down another $50B worth of tariffs on the Chinese tonight.  We're in a legitimate trade war at this point.  Why hasn't the market priced this in?  Are they missing it like they've missed so many other things over the years?  I just keep seeing predictions of endless increases at this point and that aways makes me pause.

[Incredulity 11,675]

22 minutes ago, Aqua Buddha said:

Serious question.  Trump threw down another $50B worth of tariffs on the Chinese tonight.  We're in a legitimate trade war at this point.  Why hasn't the market priced this in?  Are they missing it like they've missed so many other things over the years?  I just keep seeing predictions of endless increases at this point and that aways makes me pause.

This was the original 50B.  I 🤔.  Admittedly, hard to follow precisely.

Edited June 15, 2018 by Incredulity

[Aqua Buddha 14,598]

8 hours ago, Incredulity said:

This was the original 50B.  I 🤔.  Admittedly, hard to follow precisely.

Makes sense.  They come and go and move around.  I know there are others, though, and it's hard to keep track.  I know there is a LOT of uncertainty right now in the industry and I can't help but to think it's a major unknown combined with the ensuing inflation that could happen due to this and a few other factors.

I'm just wondering why the risk isn't priced in.  

[Trey3216 15,349]

And reading it further, it’s a 25% tariff on $50bn worth of goods   So, not $50bn in tariffs.   

[hornbri 1,400]

1 hour ago, Aqua Buddha said:

Makes sense.  They come and go and move around.  I know there are others, though, and it's hard to keep track.  I know there is a LOT of uncertainty right now in the industry and I can't help but to think it's a major unknown combined with the ensuing inflation that could happen due to this and a few other factors.

I'm just wondering why the risk isn't priced in.  

Why are you so sure it is not priced in? I find many times the media hysteria over what will happen is a lot greater then then what the market thinks will happen. The market is usually closer to the truth then the media. 

Edited June 15, 2018 by hornbri

[Incredulity 11,675]

2 hours ago, Trey3216 said:

And reading it further, it’s a 25% tariff on $50bn worth of goods   So, not $50bn in tariffs.   

Yes,

even though driving to work I heard it reported both ways multiple times.

[PantsTent 2,002]

11 hours ago, PantsTent said:

The Qualcom/NXP saga just may be ending as well.

 

Or not. Apparently the Chip Brown of China reported it last night.  Sources say...

 

[Trey3216 15,349]

2 minutes ago, Incredulity said:

Yes,

even though driving to work I heard it reported both ways multiple times.

It's maddening.  I'm not for it, but the level of misreporting by media outlets is unreal and causes add'l undue attention.   

[Trey3216 15,349]

T running right now!

[jimmyjazz 45,981]

Dammit, I've missed 2 peaks in a row.  I'm just gonna sit here and watch.

Scratch that, I'm gonna put in a limit order for $.24 and hope it gets hit.

[jimmyjazz 45,981]

Well, I fucked that up proper.  Bought at $0.14, ended up selling at $0.04 because I didn't want to exercise.

Not a bad tip, I just played it all kinds of wrong.

[Anastasis 23,477]

1 hour ago, jimmyjazz said:

Well, I fucked that up proper.  Bought at $0.14, ended up selling at $0.04 because I didn't want to exercise.

Not a bad tip, I just played it all kinds of wrong.

Today was a wild ride on that one. Ranged 0.01 to 0.27.

[Washpark 176]

Leading quote “The week starts with the news that China has responded in kind to the US imposition of tariffs, so sentiment towards stocks reliant on unencumbered global trade will remain fragile” — Ian Williams, economics & strategy research analyst at Peel Hunt. Hot topic Stocks are tracking the intensifying threat of a US-China trade war, with Frankfurt’s exporter-heavy Xetra Dax leading deepening declines in Europe after losses across Asia.

https://www.ft.com/content/f56130e8-7292-11e8-b6ad-3823e4384287

[zork 629]

Trump announced 200 billion more in China tariffs.  Market, ES, (mini-S&P500) down ~22(.8%) in after hours.(up 5 off the lows)

Edited June 19, 2018 by zork

[Anastasis 23,477]

futures not looking good. gonna be a bump ride. 

[Trey3216 15,349]

5 minutes ago, zork said:

Trump announced 200 billion more in China tariffs.  Market, ES, (mini-S&P500) down ~22(.8%) in after hours.(up 5 off the lows)

Up to 10% on 200bn in goods.  

[zork 629]

Quote

Asian stocks dropped Tuesday following President Donald Trump's announcement of potentially $200 billion in additional tariffs.....

That is the quote from the newswire I was referring to in my post.  Didn't see the 10% part but have been watching the drop since the steady melt up happened all day.(after the big down start)

[Trey3216 15,349]

5 minutes ago, zork said:

That is the quote from the newswire I was referring to in my post.  Didn't see the 10% part but have been watching the drop since the steady melt up happened all day.(after the big down start)

https://www.cnbc.com/2018/06/18/trump-says-he-has-asked-ustr-to-identify-200-billion-in-chinese-goods-for-additional-tariffs-at-10-percent-rate.html

[zork 629]

back on the lows, new low.

[zork 629]

down 32, 1.17%

of course yesterday it opened near the lows and never saw them again all day till after hours.

[zork 629]

down 42,  1.48%

Very near a gap open, fill the gap type superstition.

Another gap fill would be 30 points lower give or take a few.  

It will probably rebound by morning.

Edited June 19, 2018 by zork

[Aqua Buddha 14,598]

[yoda]trade wars begun, they have[/yoda]

[Yarbr 123]

I have a feeling some stop losses are coming up for me.

[Wally Fairway 5,566]

1 hour ago, Aqua Buddha said:

[yoda]trade wars begun, they have[/yoda]

Thanks Obama  Dotard-in-Chief, now we are in a covfefe war

[gecko 1,104]

I'm all in on Sears at these levels......

[Incredulity 11,675]

32 minutes ago, gecko said:

I'm all in on Sears at these levels......

....coffee all over my screen.

[Rusty Shackelford 414]

Thanks Trump for the discounted shares today!  

[zork 629]

1 hour ago, Rusty Shackelford said:

Thanks Trump for the discounted shares today!  

yep.  two days in a row of disaster overnight followed by melt up during the following day.  still some time left today of course.

[Rusty Shackelford 414]

Bye GE

[Trey3216 15,349]

9 minutes ago, Rusty Shackelford said:

Bye GE

120 years of DJIA gone for them 

[3adays 454]

Buy GE? 

[Trey3216 15,349]

1 hour ago, 3adays said:

Buy GE? 

I’d hold off for a bit.  I can see it hitting 10. I nibbled 2 week’s ago on VRX/TWTR profits but sold quick to buy extra T, AGN, CELG and NEPT.  

Edited June 20, 2018 by Trey3216

[Rusty Shackelford 414]

GE is testing the 52 week low today, we should see if it holds over the next few days.

[Doc Holliday 199]

My Canadian pot stocks are already up 5% this AM.   While my position isn't much, I like the upward tick.

[Washpark 176]

19 minutes ago, Doc Holliday said:

My Canadian pot stocks are already up 5% this AM.   While my position isn't much, I like the upward tick.

It is going HIIIIGHer!

[Aqua Buddha 14,598]

Market heading down -500 midday.  You like your trade war, you can keep your trade war.