The Investment Thread (17 Viewers)

Saint_Ward

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Rumors that Amazon was looking into offering a live TV package as well, have now been confirmed.

Amazon creating live TV package - Business Insider
The rumor

https://www.amazon.com/gp/help/customer/display.html?nodeId=201975120

https://www.usatoday.com/videos/tech/2017/05/23/amazon-prime-now-let-you-watch-tv-live/102046756/

confirmed.

No details on the pricing or offereings yet.

With Amazon getting into this arena, pushing the boundaries on retail, cloud services, etc. I really do wonder how large they can grow. As long as they keep their laser focus on customer service, speed and cost, I think they can do a lot.

I'm very glad I was able to buy a few shares a while back while it was trading in the $700's... or course, I wish I did this a year or two before when they were in the $400-500 range. Wow.

Today they hit $998/share ad are now hovering around $996.
 

superchuck500

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Well, that could be just as dangerous for them as for us. If we see a massive drop in stock value, all that overseas money gonna get wrecked. Interesting.
It’s harder for markets to see big drops when there’s a lot of buyer demand. The general bias will be upward, even through moments of volatility.
 

DaveXA

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It’s harder for markets to see big drops when there’s a lot of buyer demand. The general bias will be upward, even through moments of volatility.
I suppose. But I don't think there will be enough overseas demand to offset a real drop in economic output, unless all previous valuations based on economic performance are turned on it's head...which is already happening to a large degree. But...i just don't know anymore. I used to do this for a living. It was bad enough that I was an advisor during the financial crisis in 2007-2008. But this is just different. I don’t think I've ever seen economic performance this decoupled from stock performance. It's just something I'm having a hard time rationalizing.
 

bclemms

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It could be about to get really ugly again. Lots of bad technical indicators setting up. Couldn't hold 3230 on SP. Dow double topped and couldn't take 27k. 9 and 18 days indicators are negative. Could see a big pull back in the next few days if there isn't big news to break the trend. If it gets ugly could see the 50 day cross over the 200 day which is one of those indicators you don't ignore (death cross).
 

superchuck500

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It could be about to get really ugly again. Lots of bad technical indicators setting up. Couldn't hold 3230 on SP. Dow double topped and couldn't take 27k. 9 and 18 days indicators are negative. Could see a big pull back in the next few days if there isn't big news to break the trend. If it gets ugly could see the 50 day cross over the 200 day which is one of those indicators you don't ignore (death cross).
A lot of reporting coming Thursday - I think that will determine the next trajectory.
 

bclemms

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A lot of reporting coming Thursday - I think that will determine the next trajectory.
I'm not sure. Earnings so far haven't seemed to matter much. Companies that had beats have gone down, others with misses have gone up. It's been very sporatic and the narrative of ignoring the earnings so far have held.
 
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Saint_Ward

Saint_Ward

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It's the cold water on the next CARES (or whatever they're calling it) ACT... Congress went from spend crazy to suddenly worrying about debt. we can argue (on MAP) about what's the best course of action for the country, but for the market, it's bad, because spending will drop.

I'm going to be looking at some of my positions tomorrow and I may consider selling some more off. It's either that or buckle up and ignore the market a while.
 

superchuck500

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It's the cold water on the next CARES (or whatever they're calling it) ACT... Congress went from spend crazy to suddenly worrying about debt. we can argue (on MAP) about what's the best course of action for the country, but for the market, it's bad, because spending will drop.

I'm going to be looking at some of my positions tomorrow and I may consider selling some more off. It's either that or buckle up and ignore the market a while.
I think the falling dollar is pushing up the market - and that upward bias is going to prevail for a while unless the dollar stabilizes. It might be choppy based on Covid and impact but there’s so much money out there to work.
 

bclemms

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Anyone jump in on Kodak at $2.50 a couple days ago and sell at $60 this morning?

All that on an announcement that they got a $750M loan to start manufacturing pharmacutical ingredients. Not a contract, a loan. I started loading up on puts at $20 and they went up in value as the stock tripled because of volatility.
 

superchuck500

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Anyone jump in on Kodak at $2.50 a couple days ago and sell at $60 this morning?

All that on an announcement that they got a $750M loan to start manufacturing pharmacutical ingredients. Not a contract, a loan. I started loading up on puts at $20 and they went up in value as the stock tripled because of volatility.
That's a bold play.

I was just like "Whaa?"
 

bclemms

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That's a bold play.

I was just like "Whaa?"
It's back to $28. Keeps getting haulted for volatility. It opens up for a few seconds and gets haulted again. Sell orders are lined up, no buyers. Classic pump and dump and it's happening on a brand name stock. One big sweep sell order came in at $60 and the buyers disappeared. A lot of people just lost a ton of money.
 

efil4stnias

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Anyone jump in on Kodak at $2.50 a couple days ago and sell at $60 this morning?

All that on an announcement that they got a $750M loan to start manufacturing pharmacutical ingredients. Not a contract, a loan. I started loading up on puts at $20 and they went up in value as the stock tripled because of volatility.

Volume averaged around 75,000/daily.

7/27 vaulted to 1.6mm volume and then 7/28 272mm volume.

7/27 was 24 hours before announcement

I want to know who bought those shares.
 

bclemms

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Volume averaged around 75,000/daily.

7/27 vaulted to 1.6mm volume and then 7/28 272mm volume.

7/27 was 24 hours before announcement

I want to know who bought those shares.
People inside the WH. Trump really pumped it. Maybe the people at the SEC were buying too. You'll never find out, there is 0 oversight.
 

efil4stnias

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People inside the WH. Trump really pumped it. Maybe the people at the SEC were buying too. You'll never find out, there is 0 oversight.

With the country distracted by "look at these doctors and scientists in DC touting HCQ".

its utterly depressing.
 

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