you are absolutely right. If it crosses the 30 tomorrow I would consider holding this for a little bit. TTM has been squeezing as well.
So I know it’s risky but what are the thoughts on pot stocks. If Dems get more control legalization could hit more states or there could possibly be federal legalization. Interested to hear the thoughts. And, is it in the grower like ACB even though they have burnt so many or is it canopy or tilray. Cannabis has been crushed.
I saw a really fucking bearish report last fall about the supply and demand being so broken. It would have to be a services provider that has a moat. Who makes the most money in a commodities model?
I agree on betting on the election and yeah all the pit stocks have been crushed. You hear about all the drinking that’s happening. We’re dispensaries closed during the shut down. I was just thinking that pot stocks killed everyone but pot is not going away.
If you’re asking if some were closed, I can’t speak for all of them but I thought in some states like NV and OR I saw they were considered essential or whatever and remained open.
They stayed open in IL. I believe they saw a brief increase in sales at the start of the shutdown but overtime it has hurt them. The dispensaries have massive taxes associated with them in IL to the point that a lot of people still buy and sell the old fashioned way.
I know more than one old head that has basically stopped smoking because getting it from a dealer has become more expensive, and even if they got a prescription, insurance doesn’t cover it from a dispensary - where it’s even more expensive.
After an initial decline from EXTREME oversold conditions, the Dow rallied to finish with a gain of 377 points, closing at 23,625. However, the large cap index still remains well below its close from three days ago. Whenever a rally like the one we had yesterday occurs after back to back 90 percent down days, it usually leads to a resumption of the downtrend the following day. So, we’ll need to pay attention to the short-term indicators today because if the Dow starts off to the downside, the odds are high it will continue in that direction. The average loss after a retracement rally from two back-to back 90 percent down days can be large, exceeding 2 percent.
Can anyone explain to me why the royal Caribbean secured bonds they are introducing to the open market are paying such a high yield? I saw 11.5-12%. I would understand if they were unsecured but I’ve read that they have put up 28 ships as collateral for this bond offering. If they are secured to hard assets, why are they paying out such a high yield? I’ve looked into it and understand the risks of the cruise industry as a whole but these seem like a pretty low risk investment for those kind of yields.
Why would anyone want to buy one of those ships?? it would be like collateralizing a loan with a 1995 corolla. Sure at one time it was worth something but now who would buy it
especially if royal caribbean goes tits up ... none of the other cruise lines would be in financial shape to buy more boats
United tried to get a bond offering going and offered to use their jets as collateral and pay 11% They didn’t get any takers because their jets are all old as fuck
You don’t think demand for cruises is there? I think the experience will change and the costs may go up some but the business won’t die. If private equity tries to save dying retailers, they will try with cruises at least once.
Depends on the collateral. Royal Caribbean typically sells their old ships to other cruise lines and has the newest fleet of the main cruise ship lines. They also have many of the nicest/best ships. The United example is a good one and I’d need to see what ships are collateral but United couldn’t sell the bonds because they used old planes. I think if they had newer planes They get that bond sold.
I think the demand is there but it doesn’t matter if ships aren’t allowed to sail and/or dock at ports of entry. If I’m the grand cayman or Mexico why am I letting cruise ships dock right now? also, what happens if cruises are allowed but you have to quarantine for 14 days after you get off the ship? I don’t think you can just like store a ship that big either without having to spend an absolute fuckton after to make to seaworthy again. It’s not like a sailboat that you can just leave in a slip for a month until you want to take it out again
Agreed on the planes. But those are easy to sell and store You think a bank wants to take possession of a cruise ship?
That is accurate. It will trigger under $1 and you get the difference. I had a .246 and sold for .15. if it runs up above $1 you lose it all. In your case I about $200. You can sell the put back for .15 and recoup $150. Up to you.
Gold top end of the range moved from 1737 to 1751 day over day. Low end moved from 1688 to 1701. That's big--it was stuck at that range for over a week. On the next pullback it's time to go bigger
I think there are very few examples of PE buying retailers with a grand turn around plan. In most cases they are providing liquidity in hopes that they can keep a business on life support long enough to harvest all the organs.
I got in lower than most on those so I’m actually still break even at the moment. Holding for a couple more hours and hoping for a pre-weekend downturn. Im sure it’ll jump .10 and fuck me out of $50
Depends on your investing time frame, but my opinion is no. VIX > 26, does not support long term investing. Downside risk is much greater than upside right now.
It’s been a bad week, I think now is a good time to put some back in. $3trillion package looming should keep things propped up. Caveat: i have no idea
Gonna get a nice pump through EOD. PPT holding a conference on vaccine later today. Get your puts ready
I don't have a strong grasp of plane models, but you'd imagine many of the fleets undergoing early retirement that can be retrofitted for freight services should be options for Amazon, who operates plenty of 737s and 767s. AA has retired all 767s due to covid and, with a quick glance at wiki, seems to mean a dozen plus of them are now parked. I see a note that Amazon is bringing 5 additional 767s online in 2020.
And powell is going on 60 min Sunday night you know he's going to say some dumb shit and we'll get a red open monday
I’m buying a single put against Draftkings. I have no real analysis, but my thoughts are: I bought a chunk of shares when it went public and like it long term, but it’s up nearly 100% in the last month, including 15% today after steeper than expected earnings loss, and up to a $20B market cap. Feels like a complete return to normal sports fairly quickly is priced in. I’m expecting at least a minor pullback.