OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

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what’s your price target
 
whelp the bottom is about to fall out for the oil industry 70% of the industry operators are about shut down in the next few weeks.
 
Do I get 1200 stimulus check for each of my adult children? They ain't exactly adults (cuz they still live with me) but over 18 and still in school.
 
Looking to get into crude long term.
Specifically the barrel price. How would I go about it?

Not interested in exxon, shell shares etc.
 
I held MPC (Marathon) for a couple years, doubled up and sold around $80. Also held CVX a few times and made money and got out around $125 a while back. I think we're getting close to the point where investing in oil is bad move, similar to copping a crib in South Beach (for example). Certainly if crude stays at $20 for a while there's no way US companies are making profit.
 
I know this is probably not the smartest this to do, but ever since I read about options and kinda get a feel for what might happen, my mindset changed completely. I always think why should I put $$$ intona stock when I legit can time some SPY options right and make more profit way quicker :lol. I got that WSB syndrome smh
 
I know this is probably not the smartest this to do, but ever since I read about options and kinda get a feel for what might happen, my mindset changed completely. I always think why should I put $$$ intona stock when I legit can time some SPY options right and make more profit way quicker :lol:. I got that WSB syndrome smh
Dont put in more than you're comfortable seeing vanish. One contract I bought was only about $150 but it expired worthless and even that little bit of change hurt to see disappear :lol Learning experience, is what I'm calling it. That's what all my losing plays are called.
 
Looking to get into crude long term.
Specifically the barrel price. How would I go about it?

Not interested in exxon, shell shares etc.

wait another week or so . Prices gonna dip a little more .
rrlegend rrlegend

Who do you think are the safest plays? CVX?

Give me 24 - 36 hours to answer . Somethings brewing out here in west Texas . I’m hearing that most companies want to shut in for the rest of the year if that’s the case a lot of operators are gonna go belly up .

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Dont put in more than you're comfortable seeing vanish. One contract I bought was only about $150 but it expired worthless and even that little bit of change hurt to see disappear :lol: Learning experience, is what I'm calling it. That's what all my losing plays are called.
I literally only bought one uber put for that reason. $45 of max risk. The idea of diamond hands and tendies is tempting though but nah I can’t fall into that trap and be a full blown wsb moron.
 
A lot of options talk and what not in here. Any one else looking at value investing for the long run? Saw Pinterest a few pages back with a good explanation. Still reading and learning as much as I can fundamentally. Haven’t quite stepped into understanding technical yet
 
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