Do your own research, but I’m going to take a long position in CNC(Centene). They are a managed care organization and I feel like this pandemic will increase their client pool, granted I can’t predict what will happen with capitation. I do know the state of NC has been in the works for approving managed care in the state, and Centene is moving their HQ to CLT. I’m primarily targeting the announcement for those plans to go live in NC during Q1 2021, so if you wanted to wait and time an option you might find some success in that time frame.
@anyone on robinhood still: At the core of Robinhood’s business is an incentive to encourage more trading. It does not charge fees for trading, but it is still paid more if its customers trade more. That’s because it makes money through a complex practice known as “payment for order flow.” Each time a Robinhood customer trades, Wall Street firms actually buy or sell the shares and determine what price the customer gets. These firms pay Robinhood for the right to do this, because they then engage in a form of arbitrage by trying to buy or sell the stock for a profit over what they give the Robinhood customer. This practice is not new, and retail brokers such as E-Trade and Schwab also do it. But Robinhood makes significantly more than they do for each stock share and options contract sent to the professional trading firms, the filings show. For each share of stock traded, Robinhood made four to 15 times more than Schwab in the most recent quarter, according to the filings.
yep. getting ‘free’ trades but costing yourself money on each trade. no reason to be on robinhood with everyone else charging zero for trades.
Well broskis, it's been a solid run. Been buying calls nonstop for weeks now. Still tell myself, "Jerome has this." But I got spooked and sold all my long positions this week. Bought some SPY NTM puts. Bought some currently very painful SQ puts (How the FUCK is that company still going up???). As much as I want to believe we are going up, I couldn't pull the trigger on calls. Today seemed like the day of reckoning. The one thing that kept popping into my head was how low the volume was. Reminded me of the SPY 280-290 days. I think we are headed back down to around 300 for the near future. Need to sell off a bit to bring some volume back in. When we were stuck in that 280-293 range seemingly forever, we would swing from 293ish to the upper 270s. I think we are headed back to some action like that. Pray for my puts.
Square is pumping because of the twitter acquisition rumor I’m long VXX calls, XLF and DIS puts. Some gold bonds and amazon to round it out. Heavy cash.
I think it's more than that, but I sure hope not. Otherwise we are going to see some absolutely ridiculous stock prices in the next few months.
SQ imo is more than that. Almost every single restaurant I have been to is now using their platform. It's a monster. LVGO above $100. FSLY is next
Spoiler The markets rallied yesterday retracing about half of Tuesday’s decline. The Dow finished with a gain of 177 points, closing at 26,067. The NASDAQ and SPX were up 149 and 25 points, respectively. Volume on the NYSE was moderate, coming in at 100 percent of its 10 day average. There were 79 new highs and 11 new lows. Not much changed after yesterday’s session. It still appears the markets are working to complete retracement Wave 2 up within Major Wave 3 down. Once again, the Dow was characterized by back and forth, up-down-up trading typical of a wave 2. Because of this, there are still two possible scenarios on the board. The Dow could still rally toward the 26,500 level to complete Wave 2 up. Or it could begin to fall within the next day or so. Either scenario is possible over the short term with nearly equal odds. Students should understand that once Wave 2 completes, possibly within days, Wave 3 down of Major Wave 3 down should begin. This set of waves should be a powerful decline that drops prices below the 23,000 level. By the time all five waves of the sequence are complete, the Dow should be trading below the 18,000 level. The VTI remains neutral at 60.21 with a 2-period RSI at 60.40. So, with no trend and a neutral RSI, the indicators are not providing any clue as to what the market might do today. I’m still watching and waiting for impulsive action. Once the Dow begins starts to decline with only minor retracements, not like what happened yesterday, there’s a good chance that Wave 3 down of Major Wave 3 down is underway. The Market Timing Indicators for the Major Indexes are mixed after yesterday’s session. The Dow is Neutral while the NASDAQ remains Positive. The Dean’s List remains Positive, and The Tide remains Neutral. One of the BIG changes I saw after yesterday’s choppy session was in the Sector Ratio. It fell to 9-15 Negative. I mentioned this noticeable weakness in Tuesday’s Comments when I said “By falling in a rising market, the Sector Ratio is telling us that while the Dow appears strong on the surface…the overall market is not. It’s starting to weaken.” So once again despite yesterday’s 177 point rally in the Dow, the sectors continue to weaken. Pay attention! The top 5 Strongest Sectors were Material, Computers, Retail, Cap Goods, and Autos. The top five Weak Sectors were Banks, Service, Leisure, Energy and Real Estate. The Model continues to hold 1,600 shares of DXD, 400 shares of DUST, and a lot of cash. It continues to look for opportunities to buy shares of inverse index ETFs. The Model will become aggressively negative if the Dow falls below the 25,000 level. Small cap stocks on the Russell 2K have been a lot weaker than their large cap brothers on the Dow. One of the things I continue to watch is IWM, one of the positive ETFs for the Russell 2K. All I’m doing now is looking for an entry point in TWM, the inverse ETF for the Russell 2K Yesterday the miners rallied to their upper trend line. This trend line should provide strong resistance to higher prices causing the HUI to start its next leg down. Because the current rally has carried higher than I expected, I now believe the next move down will be closer to the 240- 250 level. Instead of my previous target of 220-240. BTW, the current rally in the HUI morphed into a five wave rally, which is often seen in mining stocks and gold. Usually Wave 3 is the strongest wave in most stocks, but not for gold. It’s usually Wave 5 for gold. So, what this means is that I MUST change my wave count for gold. Instead of the current wave being a retracement Wave 2, its more likely that Wave 1 up is completing, and Wave 2 down should follow. This means that once Wave 2 down completes, durng the next two months or so, a major Wave 3 rally should be in the cards. That’s what I’m doing. [\spoiler]
Pulled the trigger this morning on a relatively sizable position of long term SPY puts. So much of this market is reminding me of the BTC bubble back in 17/18 where retail investors are flinging cash in a get-rich quick style scheme. I will probably feel like an idiot for fighting the Fed, but I just honestly can't see this sustaining when the full brunt of the COVID impact is felt (from reduced consumer spending & lower employment levels). We'll see, lot of time to go (Q1 2021 expiry on the puts).
So I'm finally planning to move off of Robinhood (I know, I know, should've done it months ago), but I'm not sure where to go so I'm looking for some recommendations from you guys. I really want something that is easily used on mobile since I'm not usually in front of a computer during the week, preferably a good mobile app. WeBull seems enticing with its two free stocks and mobile app, as well as ToS, though the reviews for the app are kinda mixed. Have also been considering Fidelity and Schwab. Any of you guys have opinions/experiences to share?
I like TastyWorks but only if you're doing 90% options WeBull's biggest negative is you're giving all of your info to the Chinese No experience on the others
I dabble with the ToS mobile app, but their desktop app is killer. Best in class and I'm happy I'm there.
hah, honestly if this trade goes completely tits up at least it means my real retirement accounts are doing very well, so that wouldn't be the worst thing in the world either.
Is their mobile app reasonably reliable/usable? Some of the reviews I read bounced between ok to cluttered to nearly broken. If it's good enough to make a few trades during the day/track my portfolio, I may tilt that way as I can always use desktop when I'm actually home.
I’ve made a few trades with it and check my positions occasionally. Haven’t had any downtime. The interface is kind of busy so there’s maybe a bit of a learning curve there but if you get used to the desktop app the mobile follows a similar structure.
I wish i had all my accounts with ToS. I use it for all my research but then have to trade in Merrill's crappy platform.
You mobile or desktop? Merrill has a desktop app type of thing that's something at least. It's still miles behind ToS but it's better than their web interface imo. All my real holdings are at Merrill so I'm pretty familiar with it.
I have used the web interface. Are you talking about merrill edge market pro? I looked at it but because it was not ToS I just went back to the web interface. Maybe i need to try edge because that web interface is not great but i knew how to use it.
Yeah market pro is what I'm talking about. It's not ToS, but it's not bad. It looks awful upon opening but you can customize it some to get it to look and behave how you want.
well well well turns out they have a settings menu. prolem solved, like awarded. hey man i don't do anything with my hands that i can also do with my face. just ask my wife.
I got burned hard not being able to sell my SDOW yesterday with new PDT restrictions. I deposited funds in the account today to bring myself over the $25k PDT threshold, but I still can't trade until the market closes with my account over that amount. Several hundred dollar swing :(
The remdesivir update this morning fueled this rally. Otherwise I think the both of us were set up fora very nice day. I got killed. I need some really horrible news over the weekend.
I look forward to shaking this PDT designation and being able to trade as much as I want. With the restrictions, I feel I have to continue holding so as to not waste one of my 3 weekly trades on a modest gain or loss. So I keep holding and it never ends well.
Didn’t do much today. sold some qqq puts on the drop in early in the session and closed at the end. started taking another position in xlf puts on the bounce up today. Financials start reporting next week.
This Wayfair human trafficking story is an all-time short campaign, just when I think I've seen it all https://www.newsweek.com/wayfair-child-trafficking-conspiracy-theory-cabinets-scandal-1517013
5Y and 10Y on their way to negative. Shit's about to go kaboom. Long gold, long BTC, selling my stocks today. I don't want to fight the Fed, but how much longer can this facade continue? The virus is getting worse, more lockdowns are coming, the economy is not healthy, and eventually, it will bring down the stock market. What's the best way to short SPY? Is anyone familiar with Raoul Pal? Have you read his April Investor letter "The unfolding"? He lays out a process: panic, hope, insolvency. Panic was the original virus hit, you guys have all loved the hope phase ("V recovery"), and now may come the insolvency phase. The Great depression followed this path, panic and market drop, then a bit of a V recovery before the Dow plummeted over the following 4-5 years. Stay safe.
Very familiar with Raoul, real vision subscriber here. I think we are in a chop zone for the next few months. Volatility will just not go down.
He seems like a pretty level headed dude, but I mostly consume his info over Twitter. Have you found his investment letter to be pretty accurate forward looking? I'm in Hillman City, btw. You're Seattle, right?
I only get some of his reports since most go to the premium level which is like 4K a year. They are pretty accurate, but he doesn’t really predict timing so it’s not actionable from a trade perspective. The content on the platform is just really good, I’ve learned more in the last 3 months than the last decade combined. yeah I’m in Seattle
Closed out my Disney calls today, just couldn’t stomach holding it over the weekend with all the risk of COVID problems. Only open calls I have left are KR, which would benefit from a re shutdown, DKNG, which I plan to hold for another week or two, and HRB which I just have out of stubbornness.
I had fomo on Tesla skyrocketing so I bought 10 shares on Tuesday at 1380 per. Jumped to 1560 to close today. Smart person would just take the profits. I’m confident this thing goes to 5000 per share.