The Investment Thread (12 Viewers)

Yep, it's solely because of the success of SpaceX, but the Virgin brand and Richard Branson have the resources to make this thing work. I think he's committed to it and I expect they'll do well. There is a lot of public interest in seeing this type of endeavor do well with the shuttle program grounded for good.
I don't care much about public interest as public interest doesn't pay the bills. I do care about people using it to buy SpaceX's success which is kind of dumb because they aren't even remotely close other than flying to space but as long as people are going to treat it that way, might as well ride the momentum. Hoping it can continue that nice steady rise so I can sell half, double up and keep the rest with house money.
 
I don't care much about public interest as public interest doesn't pay the bills. I do care about people using it to buy SpaceX's success which is kind of dumb because they aren't even remotely close other than flying to space but as long as people are going to treat it that way, might as well ride the momentum. Hoping it can continue that nice steady rise so I can sell half, double up and keep the rest with house money.

Sounds like a good strategy to me. Good luck. :9:
 
Anyone else starting to see the coronavirus impact their supply chain? Dell just told us it could be 2 months for a repair on an item that came in faulty depending on what failed.

That's not going to be very good for business if we have wholesale servers down for months.
 
Anyone else starting to see the coronavirus impact their supply chain? Dell just told us it could be 2 months for a repair on an item that came in faulty depending on what failed.

That's not going to be very good for business if we have wholesale servers down for months.
Friend of mine who works at the Nissan Plant in Canton, Ms said they are struggling to get a whole bunch of different parts and only have a couple week supply left before they are dead in the water. She said that Smyrna plant is having the same problem.

Mom's business tried to order a bunch of large cast iron kettles yesterday direct from China and not only could she not get them (from Hubei province) but the company that makes them is having to use a VPN just to get emails after China has locked down internet and warned they may not be able to answer emails for a few weeks. Even if they could fill the order they wouldn't be able to find anyone to ship them to a port and not sure if they could get them to port that they could even get them on a ship.

I have a promo deal in place with a drone manufacturer that is having to delay the release of their new drone by at least a couple months due to coronavirus.


All those are on the smaller scale.
 
As far as I know we haven't had an effect yet.
 
Really good article on how insane the market is right now. You have all indexes hitting all time highs, the dollar as strong as it's been in a long time and the dollar's hedge, gold hitting it's highest levels in 5 years. Meanwhile you have coronavirus impacting supply chains in what many think would otherwise be a race to Dow 40k as the fed tries to heat up inflation. It's really a market out of whack right now with people betting on the bull to get a turbo, a pandemic and a recession at the same time.
 
Instead of shorting Tesla, I bought a couple shares just to hold very long term. I do think they'll adjust downward some due to coronavirus concerns but after hearing what Baron had to say decided it's worth the long hold.


Gold and SPCE still running wild. I just took more profits in NUGT but still think it has a ways to run but just holding at more comfortable level instead of being overextended since I'm almost up 50% YTD.

SPCE feels so much like a reddit pump and dump but I've already got stop limits set below current price but also well above what I paid so profit has been locked in, looking for the double up before this thing comes crashing down. Bought in yesterday afternoon a little over $34, now it's pushing $42.
 
Holy volatility on SPCE. Hit over $42, then dropped and triggered my sell order at $38, kept dropping so I bought it again at support at $35. Either about to win or lose big. lol

That all happened in a matter of about 2 minutes.

And sell order triggered below support at $34. Made about a 19% and free and clear now. Shorts are having a field day with it right now.
 
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Man, what just happened? Stocks were hovering around flat then dropped 330 points in a matter of a few minutes. Gold shot up through the roof but NUGT didn't really move like it should have. Been a wild morning so far,

The darlings that everyone has been using a safe haven took a big hit when the market shot down. That quick move may change some large scale strategies.
 
Bonds market is getting hammered while the dollar is still going strong. Fed better get ready to cut rates if this continues or they'll be way behind the curve.
 
Man, what just happened? Stocks were hovering around flat then dropped 330 points in a matter of a few minutes. Gold shot up through the roof but NUGT didn't really move like it should have. Been a wild morning so far,

The darlings that everyone has been using a safe haven took a big hit when the market shot down. That quick move may change some large scale strategies.
I feel like an algorithm tripped, or someone tripped oversomething... Crazy fast sell off, slow rebound, but gaining.
 
I feel like an algorithm tripped, or someone tripped oversomething... Crazy fast sell off, slow rebound, but gaining.
Yeah, looked like a combo effect. Nervous market and when WHO said "the window to containing coronavirus is closing" in their daily presser it caused a quick sell off which likely tripped some algos.
 

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