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 USA Stock Discussion v8, Brexit: What happens now?

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AVFAN
post Mar 10 2020, 10:04 AM

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for the record:

QUOTE
The largest point drop in history occurred on March 9, 2020 as panic over the 2019–20 coronavirus outbreak and a new oil war between Saudi Arabia and Russia caused the Dow Jones Industrial Average to fall 2,014 points. However, the largest single day point gain was also at this time, where the Dow jumped 1,294 points as a rebound from recent losses.
https://en.wikipedia.org/wiki/List_of_large...ustrial_Average



AVFAN
post Mar 10 2020, 05:43 PM

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QUOTE(cybermaster98 @ Mar 10 2020, 02:55 PM)
US stock futures are up 3.4% pointing to a rebound when markets open later tonight. But only a crazy person would try to buy this. There will always be a technical rebound after a major sell off and although this is driven by Trump's upcoming economic response fiscal package. But it shouldnt distract us from the bigger theme which is the spread of Covid-19 in the US and Europe which has just started to pick up pace. If the China experience is anything to go by, it will be sometime in April before we start seeing infections peak and that would be the start of the stock market rebound assuming the Q1 2020 financial results are not worse than expected.
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true, i read/hear "experts" (demigods?) are predicting S&P will fall to 24xx - that's the time to buy.

maybe i m crazy... biggrin.gif i bought last night, may buy more tonight. tongue.gif

not looking long term, just short/midterm trades...


imo, c19 will continue to spread, crude price war continues...

but the wild card is USA - if covid19 will spread like hell...who knows?

now, this kind of news boost sentiments, likely the reason for the futures optimism at this time.

QUOTE
Chinese President Xi Jinping visits Wuhan for the first time since the coronavirus outbreak
https://www.cnbc.com/2020/03/10/china-presi...s-outbreak.html

AVFAN
post Mar 10 2020, 07:35 PM

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QUOTE(cybermaster98 @ Mar 10 2020, 07:16 PM)
I wonder where all the Tesla buyers have disappeared to. The ones who were rushing to buy when the price was $800+. They seem to have gone silent with prices languishing around 600. Maybe they will come back once they see the bounce later at 9.30pm.
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TSLA dived 13% last night primarily bcos of oil price dive, making electric cars unattractive.

russians now saying "we wanna talk to opec".... crude price +>9% now.

so.... no surprise if TSLA goes back to 700+ tonight.

such is these matters... volatility... natural and human... i.e. c19+saudi+russia+china+usa.. the big boys.

little ones like us here... we find our own little game, have fun anyway. tongue.gif
AVFAN
post Mar 10 2020, 07:53 PM

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QUOTE(Yggdrasil @ Mar 10 2020, 07:49 PM)
Hopefully they agree to cut supply or something.
Otherwise MYR also depreciate until no eye see
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oil price, it's in human hands, not c19... they will come to their senses... sooner or later...

not $100 or even 80 but 50-60 where all of these suckers are comfortable.... I BET ON IT.

RM, i have less hope...
AVFAN
post Mar 10 2020, 08:41 PM

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QUOTE(Yggdrasil @ Mar 10 2020, 08:11 PM)
Sorry. C19 is?
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Covid 19 virus.
AVFAN
post Mar 11 2020, 12:57 AM

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big yo-yo 2nite... no free ride...

think i'll go get some snack and watch a bit longer.

see if i should buy more or take profit from last night. tongue.gif

AVFAN
post Mar 12 2020, 10:39 AM

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things have turned worse now that WHO declared pandemic.

stocks falling, crude falling, everything falling...

careful now... buy or sell.

AVFAN
post Mar 12 2020, 10:09 PM

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i think djia fell as much as 11.5% at one point.

that's not see since 1930's i think!


tonight's the night where all the wise (but cheap) words are put to test...


"be greedy when everyone is fearful."

"buy when there's blood on the streets.".

"greed is good".

biggrin.gif

AVFAN
post Mar 13 2020, 12:39 AM

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QUOTE(Yggdrasil @ Mar 13 2020, 12:22 AM)
Disney looks very attractive to buy.
Most cruise ship stocks also fell 70%.
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can play-play a bit.. too risky to sailang...
bad sentiment, nothing escapes.
netflix... people watch at home... today also tank >9%.

QUOTE(yok70 @ Mar 13 2020, 12:23 AM)
no idea at all.  laugh.gif

the key thing is this: how long do you think the virus thing will last? this is the most decisive answer to where the market goes.  biggrin.gif
put it simple: how long do you think it will take for the commercialization of the vaccine for Covid-19?
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this correction will linger for a while.
major test vaccine maybe out come a year later.
the actual effects on country, global economy... analysts/economists must be crunching nos. like hell now.

djia looks very stable now... -8.x%! biggrin.gif
AVFAN
post Mar 13 2020, 01:08 PM

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QUOTE(Raymond_ACCA @ Mar 13 2020, 12:57 PM)
Wow, Im surprised to see the futures are up now.
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maybe becos...

China says its Covid-19 peak is over
https://www.thestar.com.my/news/regional/20...19-peak-is-over
AVFAN
post Mar 13 2020, 04:33 PM

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QUOTE(moosset @ Mar 13 2020, 04:17 PM)
can we trust? Is it really over?

then time to invest in HK/China stocks ...
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read carefully... "china says peak over"... maybe china-wuhan-hubei over.

but can monitor closely, watch further development.



rest of the world just started...

months of damage, don't even know how much damage, where, and how fast it returns to normal.
AVFAN
post Mar 13 2020, 04:52 PM

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QUOTE(oOoproz @ Mar 13 2020, 04:44 PM)
US just started, this temporary bull won't sustain unless there is good news, if not we are going for 2300 soon
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S&P futures dipped to 2399.50 this morning.... then it bounced off.

we'll see if 2400 floor is false and if 2300 or some other will be the real one.

that, will be the thing fund managers, analysts and chartists will have fun debating... i'm not one of them. biggrin.gif


AVFAN
post Mar 13 2020, 06:25 PM

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QUOTE(Yggdrasil @ Mar 13 2020, 06:21 PM)
Futures up already. Dead cat bounce or?
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a cat has 9 lives.

can expect 7 more bounces since 1 already happened! biggrin.gif
AVFAN
post Mar 13 2020, 09:55 PM

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this bounce is a false one.

it looks like wanting to go red! laugh.gif
AVFAN
post Mar 14 2020, 01:53 AM

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not disappointing at this point... +1000.

got my chance to take a small profit from a couple of small trades.

have a gud weekend, guys.

AVFAN
post Mar 14 2020, 10:20 AM

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QUOTE(Yggdrasil @ Mar 14 2020, 08:40 AM)
Maybe people close their short position last minute, someone with a lot of puts exercised it at market close or the bull is back  biggrin.gif
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ya, short covers included.

a new wave may come... biggrin.gif
AVFAN
post Mar 14 2020, 10:36 AM

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QUOTE(jasontoh @ Mar 14 2020, 10:33 AM)
What do you mean by new wave?  rclxub.gif  rclxub.gif
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short selling.
AVFAN
post Mar 14 2020, 06:40 PM

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QUOTE(oOoproz @ Mar 14 2020, 06:03 PM)
Hmm seems like it after Wave ABC, probably hitting lower low?  hmm.gif
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trump declared emergency funds, rebound big time... call it distortion or twist or positive, whatever...

the fact is worldwide this covid19 thingy isn't going away just like that.

since a cat has 9 lives, two lived, maybe we will see another 7 waves of monster yo-yo's. laugh.gif
AVFAN
post Mar 16 2020, 09:32 AM

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QUOTE(Yggdrasil @ Mar 16 2020, 09:20 AM)
Should strengthen. But then again there are other factors involved.
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the other factors will be bigger.

now, approaching 4.293

i'm not selling $. biggrin.gif
AVFAN
post Mar 16 2020, 10:40 AM

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QUOTE(moosset @ Mar 16 2020, 10:26 AM)
MYR... No eye see! sad.gif
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not sure about u, but some of us remember 2016.... at 4.50.

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