Lack of trading and market thoughts/opinions on this site
I remember when I first joined this site there was a lot of talk about what moves the market and the true fundamentals of why security value changes. After any relatively "significant" move of any security, a thread would be started and a good debate would ensue where I would be able to learn and gain a bit more knowledge.
However, the site has devolved into something more along the lines of students asking for advice and people giving their opinions about relatively unimportant matters. While I too did ask for help on this site and post dumb things that could have been found/answered with a wuick Google search, I'd like to ask the community to try and push towards going back to what this site was founded on: talking about Wall Street. I want to hear more about what goes on in the market and what big players are doing.
I get this isn't r/wsb but I really miss the content of people talking about their market positions and what their outlook on the economy/ securitiy is.
I'll try to start us off, I have a 327 $SPY 06/12 Call which is down around 12% (11 dollars) and am planning to hold until the 11th or 10th. On Wednesday, I managed to get into some very good Delta, United, and American calls and turned around 280 dollars into 800 by selling at market open on Frisay. I also have a couple of positions in Delta, American, and BRK.B which have yielded very solid returns (around 25%). If you have any cheap buys or discounted equities drop them below.
For next week, my mentality is that the market overracted to the "good" news of unemployment numbers falling and that we will see a small (1-2%) decline in $SPY for the day with the dip coming in the morning and equities remaining flat throughout the trading day. However, with Trump doing everything he possibly can to save the economy and big daddy powell making the printer go bbrrr, equities will be back to highs within a week or two. Should I load up on calls and buy the possible dip or look for cheap buys (airlines, manufacturing, C&R, etc).
Also, what will the effect of the OPEC decision be on the overall market? Will higher prices help the economy grow or add to the COVID destruction of wealth? With demand growing at an ever slowing pace and a glut of supply globally, O&G firms were already levered to shit and im danger before being destroyed by COVID. While higher prices may save some firms on the brink of collapse, what will the higher prices mean for the economy?