I didn’t buy in. I’m here trying to learn. So does that mean the same thing can happen to UWT?
Jackson Hill
Yo oil bros do we think oil stocks are going to dip more, is the war over? Or are we gonna see super discounts next week?
Landon Cox
>i-it's a bulltrap Oh sweatie...
Daniel Brooks
'bulltrap'
more like people are realising the future potential of our economies .. thats what the stockmarket is you retards.. its not about current value
Liam Jones
ahaha TDS sufferers still sprinkling salt all over the place in current year + 4.
Anthony Nguyen
Oil will crab for a few weeks.
Adam Robinson
UWT gonna get liquidated
Ryan Gutierrez
fuck im such a fatass im so fucking hungry ahhh why was i born american bros
Jack Perez
You're not getting that check because she wants to use the fear of economic collapse to set firm PoC ratios for all US employers.
Logan Thompson
any resources on what to look for in oil stocks? was looking at OXY but i'm new to the industry.
Mason Diaz
>Oh sweatie...
Ian Brown
Let me explain this to you slowly, friends. Right now, one of two things can happen. Either Trump opens the economy back up, and millions of people die. Or Trump reverses course and shuts America down hard for 3 weeks, and there's massive civil unrest and tens of thousands of deaths.
The latter option is literally the best case scenario.
>fuck spamming jews Hear! hear! >and there's massive civil unrest You underestimate how groomed the average American is
Jordan Roberts
Waiting for oil to stay above $27 before I touch it. I don't play the crab game.
Matthew Butler
pretty much anything oil related will bounce back, you just need to be willing to hold onto it
Sebastian Hall
Im new to it, from what I understood the best thing to look at it cash on hand and assets compared to their liabitiles since these are capital intensive industries when the price is above 30. if it stays below 30 there should be concern if companies don't have enough assets or cash to meet obligations. Like the big 3 people talk about are BP, XOM, and RDS.B
Charles Walker
Ya I don't understand how people think this is the bottom? We didn't pass the bill so all those unemployed people won't have any relief. Emergency medical workers are starting to get sick and we don't have enough workers or beds?
Jose Howard
>the average american It's going to be Appalachian rednecks, militia groups, and niggers.
Lucas Turner
Unlike eurocucks who never had a single revolution against their authorities in their entire existence?
Matthew Peterson
I just don't understand this mentality. Kicking the can down the road and pumping money into the system isn't going to work long term. If we end up like italy (which is very likely) the economy is going to take a much bigger hit than it would if we just tightened our belt and did what we have to do now. Does the government have literally no ability to plan even a few weeks out. It really seems like they're making moves that will make the market close green today and not giving a single fuck about tomorrow till we get there.
Because without sounding cold - 2% of deaths does not equal a 35% + decrease in economic value.. especially when most of those deaths are retired.
But the social impact of those deaths and the forthcoming black swans are where the risk is at
Austin Torres
>he bought high don't sell low lmao
Easton Powell
Where the fuck do you even go to get the price of a barrel of crude? An index like WTI or is there somewhere that literally shows how much a barrel is priced at?
Bentley Adams
F
Thomas Clark
no i don't but u dumb as hell man
Zachary Perry
That doesn't sound right and also is completely besides the point
Josiah Allen
>2% of deaths does not equal a 35% decrease in economic value you're forgetting the fact that the entire healthcare system will collapse in anything but a best case scenario
Grayson Scott
I'm going to give you 5 minutes before we activate it.
Joshua Young
I'm still 2k up, since I was prepared with other positions.
Now I gotta time the bulltrap. I sold my SQQQ but am buying back soon.
Evan Gomez
>yesterday Why would you do anything but sell yesterday? I bought 750 today at $24.93, so $18,700 worth.
>- 2% of deaths does not equal a 35% + decrease in economic value It does when you shut businesses down, put people out of work, and change consumer spending habits. There will be pent up demand, but there will also be reluctance to return to normal activities.
this is the bottom right? i see nothing but green but it happened before
Wyatt Fisher
Why do anons always shill SQQQ and SPY? Is it a meme or what? Not shit posting, am legit trying to learn here.
Nicholas Taylor
breakerbreakerbreakerbreakerbreakerbreaker
Julian Taylor
Seething right now wealthsimple is taking forever to approve my fund transfer saying it might be ready for wednesday....MIGHT I cant get my cheap SQQQ today for the huge drop Thursday
no, this is not the bottom, here's some absolute quick maffs
>0.5-1% of coronavirus patients will die even with treatment, this is the baseline death rate >this number will be higher for countries with lots of preexisting conditions (asthma and heart disease will kill many Americans soon) >but this is not where most coronavirus deaths will come from >5% will be in critical condition - every one of these that doesn't get an ICU bed and ventilator will die >15% will be hospitalized - some/many of these who do not get IVs and oxygen will deteriorate or die >80% of the population will be fine, but will spread the disease, further straining hospitals >surge capacity will be overwhelmed in days, not weeks >once there's no ICU beds, you start getting collateral damage - no ambulances or available beds means heart attacks, gunshot wounds, broken bones, etc - don't get treated. Many die. >this collateral damage could be over a million deaths
that's what happens if America doesn't lockdown literally yesterday
yes index ETFs are a meme go all in on HMNY and random biotech penny stocks
Austin Cook
You're not as smart as you think you are friend.
Liam Hill
lmao you got reverse split
Josiah Reed
SELL RIGHT NOW
Levi Reed
Shorting biotech pennies is a great way to get rich
Ryan Anderson
Will someone please tell me why GUSH and all the oil just mooned the fuck out of here and every stock is up a shit ton? Did I just miss an opportunity of the life time? I JUST WOKE UP and I had 15k in gush last night but took it out before market close because it was supposed to be a meme stock. FUCKKKKK!!!
Feel free to provide literally any evidence against what I'm saying, because it's also what the actual scientists are saying. Listen to epidemiologists, not fucking econ grads.
Hunter Fisher
SQQQ is 3x inverse(shorting) big tech (Dumbest most over-valued garbage companies) SPY is in no way ever a shill, it's an ETF that tracks the S&P 500 index (top 500 companies). It's the safest and best place for your (you as a newfren and people who are idiots) money in the long term.
Nolan Parker
i'm actually excited to see SPCE surging, I milked that POS for an incredible amount of cash and can't wait to do it again
Connor Howard
SQQQ is cheaper than SPY. A put on SPY is the same as a call on SQQQ
Adam Lewis
>the market went green for one day so we must have bottomed Based retards. You see those green candles on the way down in pic related? Each one is a month.
Reverse split. Your 15k would stil be 15k, you'd just have less shares of it.
Brayden Ward
Everyone keeps saying "dodged a bullet"... doesn't it make absolutely no difference?
Jaxson White
Holy fuck thxs bros. Was just in the middle of having an anxiety attack. I would have been so fucking pissed if I missed that. Hopefully everything tanks soon so we can buy more cheapies.
Come on indices, at least push for another 3% before dumping
I don't trade options, but as far as I know SPY options are more simple than SPX options and since SPY is pretty much a replica of SPX they tend to go for that instead. SQQQ is a 3x leveraged short of indices, so if you want to make money during a dump across the market this could net you some big profits. They are also settled differently. If you ask me, 95% of option traders trading ETF shit like SQQQ are just too poor to trade stuff like futures.. or too stupid, either way.
Liam Cook
>-_-; >talking stock w/o racism Go back.
Brandon Walker
WTIU and OILU are the only two that are sub $1 and haven't announced anything yet if you want that..
realistically you should go for like UCO, but honestly I wouldn't invest in oil at all right now.
Parker Carter
Thinking about going all in and buying puts.
Connor Edwards
I wonder if that's just bait at this point user
Ian Robinson
OILU and UTW are getting liquidated -- they didn't reverse-split like GUSH.
Best check any others you're using -- there's been a few press releases recently that split/change multiplier/liquidate.
Henry Long
>doesn't it make absolutely no difference? indeed, it's just to prevent de-listing and other formalities. It still behaves in-line with oil prices.
Brody Perez
Uh BEAUTIFUL MAGNIFIQUE this is art what do you see user?
Home come when I try buying stocks it says they aren't accepting any and it's putting me on a wait list? Is just my brokerage?
Nicholas White
>NYC hospitals overloaded >US poised to become epicenter >India lockdown >unemployment numbers on thursday >mortgages insolvent >markets up AAAAAAAAAAAAAAAAAAAAAAA
In clown world we will soon start to see markets rise with worse and worse economic and virus figures because "we're closer to the end". You can count on it.
All bullish, buy now. Having negative sentiment is dangerous.
Tyler Walker
GO GO KO GO
Easton Reed
ALL IN SQQQ FUCK BOOMERS FUCK TRIPFAGS FUCK JANNIES
Jackson Russell
how are you not up 20%?
Michael Brooks
THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN
people like this will never understand the concept of being able to pay bills with passive income and not have to sell any underlying stock...imagine if you had to sell stock right now in order to pay for your bills.
