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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
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Old 04-15-2020, 07:47 AM   #4531
BigBeauford BigBeauford is offline
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I know those numbers are historically bad, but they're actually much better than I would have guessed.
The retail numbers I think are really good!
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Old 04-15-2020, 07:48 AM   #4532
Hammock Parties Hammock Parties is offline
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Market hasn't really moved that much on this news.

We'll be fine.
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Old 04-15-2020, 07:54 AM   #4533
BigBeauford BigBeauford is offline
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Market hasn't really moved that much on this news.

We'll be fine.
We're ripe for another sell off, the country probably wont be back to full speed until July. Rich folk got the normies in a bull trap I suspect.
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Old 04-15-2020, 07:57 AM   #4534
ChiefRocka ChiefRocka is offline
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IMF predicts -6% US GDP in 2020.

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Old 04-15-2020, 07:58 AM   #4535
ghak99 ghak99 is offline
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Lots of bad news out today. Looks like more bargains are coming (except TSLA, they have a new stock target of close to $900).
If it gets to 900, tesla is buying me a rental house.

I would have expected those numbers to be worse. All those online TP orders must have saved us.
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Old 04-15-2020, 08:00 AM   #4536
neech neech is offline
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You possibly just sold at the bottom.

I lost $25k in my modest 401k on the drop. I’m not worried.

Timing the market to buy back in is the $1000 question. If we all knew the answer, we’d be rich.
Pharmaceutical stocks will be big on which companies get approved for vaccinations let alone the testing of the virus, testing will be the big one to get into for now.
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Old 04-15-2020, 08:37 AM   #4537
Rain Man Rain Man is offline
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I know those numbers are historically bad, but they're actually much better than I would have guessed.
Yeah, that's my reaction as well.
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Old 04-15-2020, 09:52 AM   #4538
O.city O.city is offline
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Market hasn't really moved that much on this news.

We'll be fine.
Wouldn't that mean the market is artificially inflated?
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Old 04-15-2020, 10:23 AM   #4539
Discuss Thrower Discuss Thrower is offline
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Wouldn't that mean the market is artificially inflated?
Knowledge from someone who has more value to society than someone making superfan videos.
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Old 04-15-2020, 10:44 AM   #4540
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Advanced economies will shrink about 35% this quarter from the prior three months, four times as much as the previous record set in 2008 during the financial crisis, according to annualized figures from Goldman Sachs Group Inc.

How fast economies will rebound is an open question because nobody knows how quickly people can get back to work, New York-based economist Jan Hatzius wrote in a note to clients dated April 13.
Source
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Old 04-15-2020, 11:06 AM   #4541
rydogg58 rydogg58 is offline
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Hope some of you had a few hundred/thousand shares of LTRPB today. Looks like it opened around 5 a share. It's up almost 2000% today. Sigh.
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Old 04-15-2020, 11:12 AM   #4542
Rain Man Rain Man is offline
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Hope some of you had a few hundred/thousand shares of LTRPB today. Looks like it opened around 5 a share. It's up almost 2000% today. Sigh.
Is that a reverse split or something?
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Old 04-15-2020, 11:15 AM   #4543
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Of course that’s the case

The fed is propping it up
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Old 04-15-2020, 11:17 AM   #4544
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Is that a reverse split or something?
Yeah, it looks like they had a proposal at their shareholder meeting two days ago to do a reverse split of "up to 1 in 20" shares because they were in danger of being delisted. I assume it passed.

https://www.streetinsider.com/dr/new...82&gfv=1#tP3TR
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Old 04-15-2020, 11:23 AM   #4545
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Yeah, it looks like they had a proposal at their shareholder meeting two days ago to do a reverse split of "up to 1 in 20" shares because they were in danger of being delisted. I assume it passed.

https://www.streetinsider.com/dr/new...82&gfv=1#tP3TR
No clue. I was scrolling through stock news and saw it. Apparently it did pass.
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