nuckin_futz Posted June 15, 2020 Share Posted June 15, 2020 On 6/11/2020 at 1:20 PM, NucksPatsFan said: 4th largest drop in history for the DOW today. I didn't liquidate - I'm fortunate to be pretty diversified and while I"m in the red, I'm not "oh sh*t hide it from the wife" in the red. Hope the fed's start printing money tonight lol. Either way likely not making any trades tomorrow unless a couple of my covid stocks release PR tomorrow. Better late than never........... Fed says it will switch to directly buying corporate bonds instead of just ETFs Mon 15 Jun 2020 18:02:49 GMT The Fed is changing it up The Fed is changing up its corporate bond buying program to buy the bonds directly, rather than solely via ETFs. The Fed said it will buy based on a building a broad diversified portfolio based on a market index of US bonds. Here's the release. The tool is meant to "improve market functioning" and they're calling this plan an "update". All the PR words the Fed has been using lately show just how politicized the central bank has become. "Main street facility" for $300m loans? Please. The PMCCF will provide companies access to credit by (i) purchasing qualifying bonds as the sole investor in a bond issuance, or (ii) purchasing portions of syndicated loans or bonds at issuance. The SMCCF may purchase in the secondary market (i) corporate bonds issued by investment-grade U.S. companies; (ii) corporate bonds issued by companies that were investment-grade rated as of March 22, 2020, and that remain rated at least BB-/Ba3 at the time of purchase. They're even buying new issues. The program will buy up to $750B in bonds with the Treasury providing $75B for potential losses. Link to comment Share on other sites More sharing options...
CBH1926 Posted June 15, 2020 Share Posted June 15, 2020 Viacom up almost 10% today, way undervalued should be $40-50 easily especially when NFL returns. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 15, 2020 Share Posted June 15, 2020 27 minutes ago, nuckin_futz said: Better late than never........... Fed says it will switch to directly buying corporate bonds instead of just ETFs Mon 15 Jun 2020 18:02:49 GMT The Fed is changing it up The Fed is changing up its corporate bond buying program to buy the bonds directly, rather than solely via ETFs. The Fed said it will buy based on a building a broad diversified portfolio based on a market index of US bonds. Here's the release. The tool is meant to "improve market functioning" and they're calling this plan an "update". All the PR words the Fed has been using lately show just how politicized the central bank has become. "Main street facility" for $300m loans? Please. The PMCCF will provide companies access to credit by (i) purchasing qualifying bonds as the sole investor in a bond issuance, or (ii) purchasing portions of syndicated loans or bonds at issuance. The SMCCF may purchase in the secondary market (i) corporate bonds issued by investment-grade U.S. companies; (ii) corporate bonds issued by companies that were investment-grade rated as of March 22, 2020, and that remain rated at least BB-/Ba3 at the time of purchase. They're even buying new issues. The program will buy up to $750B in bonds with the Treasury providing $75B for potential losses. The feds are the Trojan horse that allow the bulls back in. Let's gooooooooo. Link to comment Share on other sites More sharing options...
HI5 Posted June 15, 2020 Share Posted June 15, 2020 Lol, don’t fight the fed! Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 15, 2020 Share Posted June 15, 2020 If you want a quick scalp, Trevor Milton will be on the Cramer show today. Could present for a good after hours bump into pre market tomorrow, but sell before opening bell tomorrow. Just my opinion, I don't have any information regarding what going on the Cramer show could do to the stock Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 15, 2020 Share Posted June 15, 2020 (edited) 1 hour ago, NucksPatsFan said: If you want a quick scalp, Trevor Milton will be on the Cramer show today. Could present for a good after hours bump into pre market tomorrow, but sell before opening bell tomorrow. Just my opinion, I don't have any information regarding what going on the Cramer show could do to the stock edit: Gonna investigate more before posting Edited June 15, 2020 by NucksPatsFan Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 16, 2020 Share Posted June 16, 2020 Trilliium Therapeutics is trending upwards. Heavily invested in by institutions. Canadian company trading on American exchange. Looking to cure cancer. Link to comment Share on other sites More sharing options...
Warhippy Posted June 16, 2020 Share Posted June 16, 2020 These markets make no sense the last 2 weeks. 1 Link to comment Share on other sites More sharing options...
Gator Posted June 16, 2020 Share Posted June 16, 2020 Just bought some more GNUS dropping my average buy fro 4.49 to 4.21. Really need this one to make a jump sometime this week. I thought the Arnold Schwarzenegger news would cause an upswing, not a downswing Link to comment Share on other sites More sharing options...
HI5 Posted June 16, 2020 Share Posted June 16, 2020 33 minutes ago, Warhippy said: These markets make no sense the last 2 weeks. We can expect a green week thanks to the fed. I finally decided to trade on the nasdaq but I was busy working prior to the announcement and right now I’m just holding the cash, till something catches my attention. Link to comment Share on other sites More sharing options...
AriGold2.0 Posted June 16, 2020 Share Posted June 16, 2020 As an FYI. GNUS stop limit triggered at $4.38. I'm currently out and looking for another entry if below $3.25 In the mean time I'm waiting for the launch of RPRX.. IPO was this morning, should open within the next 1-2 hours around $40 a share. Huge huge pharma company. Link to comment Share on other sites More sharing options...
Boudrias Posted June 16, 2020 Share Posted June 16, 2020 1 hour ago, Warhippy said: These markets make no sense the last 2 weeks. That is why I am 20% gold. Link to comment Share on other sites More sharing options...
trek Posted June 16, 2020 Share Posted June 16, 2020 Yeah I've stayed out of GNUS. This comment may not age well but sorry I just don't see it... Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 16, 2020 Share Posted June 16, 2020 1 hour ago, AriGold2.0 said: As an FYI. GNUS stop limit triggered at $4.38. I'm currently out and looking for another entry if below $3.25 In the mean time I'm waiting for the launch of RPRX.. IPO was this morning, should open within the next 1-2 hours around $40 a share. Huge huge pharma company. double bottom pattern on rprx right now Link to comment Share on other sites More sharing options...
CBH1926 Posted June 16, 2020 Share Posted June 16, 2020 (edited) Got into Eli Lilly yesterday at $139 today it’s at $166, bullish!!! Edited June 16, 2020 by CBH1926 1 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 16, 2020 Share Posted June 16, 2020 MARK got back to back massive PR's within seconds of each other (FCC approval, and Portnoy tweet) and still couldn't crack $3 lol Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted June 16, 2020 Share Posted June 16, 2020 1 1 Link to comment Share on other sites More sharing options...
HI5 Posted June 16, 2020 Share Posted June 16, 2020 Quadruple witching this Friday too, I should probably wrap my head around that again. Link to comment Share on other sites More sharing options...
Zfetch Posted June 17, 2020 Share Posted June 17, 2020 Let's play a game of guess that portfolio! Hint: Portfolio 2 is 100% SPY Link to comment Share on other sites More sharing options...
Gator Posted June 17, 2020 Share Posted June 17, 2020 Man GNUS falling fast. I got my average down to $3.84, but I'm really tempted to take my losses and run now. I told myself I'd never sell for a loss though. I was really hoping it would be trending up by now with the launch on Monday Link to comment Share on other sites More sharing options...
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