Current Events > Stocks set to plunge at the open on virus second wave concern, Dow down 800

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EvalAngell
06/11/20 10:26:00 AM
#51:


TheGreatGeno6 posted...
Republican logic: let's kill a large chunk of our population so a few businesses dont go belly up

murphy literally sentenced over 5,000 (or roughly half of all NJ COVID related deaths...) LTC patients to death...and then said it's OK to protest in the thousands, but not open up your business.

get a clue

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P4wn4g3
06/11/20 10:27:49 AM
#52:


What I don't get is if protesters are wearing masks then how can rates go up, I thought science agreed that masks prevent spread of sickness now. Have I been wearing a mask for nothing?

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The Trent
06/11/20 10:29:05 AM
#53:


TheGreatGeno6 posted...
large chunk

what's the threshhold for this because i don't feel like a large chunk is truth

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#54
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EvalAngell
06/11/20 10:30:01 AM
#55:


P4wn4g3 posted...
What I don't get is if protesters are wearing masks then how can rates go up, I thought science agreed that masks prevent spread of sickness now. Have I been wearing a mask for nothing?

you finally realized this?

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Squall28
06/11/20 10:30:20 AM
#56:


P4wn4g3 posted...
What I don't get is if protesters are wearing masks then how can rates go up, I thought science agreed that masks prevent spread of sickness now. Have I been wearing a mask for nothing?

It lowers the probability. Like airbags in a car.

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AngelsNAirwav3s
06/11/20 10:35:13 AM
#57:


I actually bought some TVIX for the the first time in a while on Monday at $110

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gatorsPENSbucs
06/11/20 10:47:35 AM
#58:


P4wn4g3 posted...
What I don't get is if protesters are wearing masks then how can rates go up, I thought science agreed that masks prevent spread of sickness now. Have I been wearing a mask for nothing?
Ive been going out throughout this whole thing, probably not even a single day I stayed inside the entire day. Throughout this whole thing theres people who havent worn a mask or gloves or anything and some areas I havent seen a mask or anything since like early May if not April. Thats all hitting the numbers now and the protests numbers will be hitting very very soon.

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TheGreatGeno6
06/11/20 11:34:53 AM
#59:


The Trent posted...
what's the threshhold for this because i don't feel like a large chunk is truth

Human life matters more than small businesses. Yeah, a few people will lose their livelihoods, and that sucks. But it doesn't suck enough to make me believe that sacrificing lives is worth it to keep them going

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The Trent
06/11/20 11:36:08 AM
#60:


i'll ask again
what's the threshold for us to say "a large chunk of the population will die"

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NoMeLx22x
06/11/20 11:44:08 AM
#61:


P4wn4g3 posted...
What I don't get is if protesters are wearing masks then how can rates go up, I thought science agreed that masks prevent spread of sickness now. Have I been wearing a mask for nothing?

These aren't protest numbers yet. This is Memorial Day weekend numbers and maybe some of the very early protests. The bulk of the protests will start trickling in over the next week and in 2 weeks we'll be really in the midst of all of these openings and protests at the same time.

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Squall28
06/11/20 11:46:50 AM
#62:


The Trent posted...
i'll ask again
what's the threshold for us to say "a large chunk of the population will die"

Death rate looks to be at 5.6% of confirmed cases. So 18 mill in US if everyone gets it. We won't get wiped out like some people claim, but still not a good result obviously.

So has anyone looked at their account today? I've been too scared lol.

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#63
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The Trent
06/11/20 11:51:39 AM
#64:


thank you
if that's accurate, i'd agree that 5.6% is a sizeable chunk

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Dat_Cracka_Jax
06/11/20 12:22:59 PM
#65:


shockthemonkey posted...
haha poor people will die but they live in places that elect politicians I dont like so who cares?

What a fucking trash outlook on peoples lives
This political climate has really highlighted how little regard a lot of people have for those that are different from them

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apocalyptic_4
06/11/20 12:32:24 PM
#66:


AngelsNAirwav3s posted...
I actually bought some TVIX for the the first time in a while on Monday

I'm tempted to buy more it's already up from this morning. I'm thinking this goes to at least $225 by the end of the week

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Tyranthraxus
06/11/20 1:57:56 PM
#67:


apocalyptic_4 posted...
I'm tempted to buy more it's already up from this morning. I'm thinking this goes to at least $225 by the end of the week
I bought one and set a trailing stop of 6%

I'm gonna gamble but not with the entire stock. That thing went down to $38 this year and I'm not accepting that kind of loss.

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Tyranthraxus
06/11/20 2:55:10 PM
#68:


Seems like gamble paid off.



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#69
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NeuralLaxative
06/11/20 2:58:26 PM
#70:


Those were just Memorial Day spikes

wait till we get rammed by protest spikes

cant have a second wave if the first wave never ends

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DevsBro
06/11/20 2:58:33 PM
#71:


RedJackson posted...
Would it be a great time to try and invest in something? Sort of missed the first wave the first time around
Not now. Pretty soon it will be though.

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#72
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#73
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The Trent
06/11/20 3:36:26 PM
#74:


jeffhardyb0yz posted...
Heavy losses from this FANG dip. Market seems to be down overall though. What did you do with your FANG? @The_Trent Buying in more?

I should've sold it when it had that run. I'll probably sit on it now and consider it a 4 to 6 month thing.

I'm going to put some more money in next week but probably in cruise lines.

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#75
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AzurexNightmare
06/11/20 3:37:35 PM
#76:


im so tired of these topics.

you guys all think the whole planet is going to die out.

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Tyranthraxus
06/11/20 3:50:27 PM
#77:


Trailing stop on tvix triggered. Bought for 161 sold for 195

Basically made $30 for doing nothing easy money gg

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#78
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#79
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#80
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#81
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Zeeak4444
06/11/20 5:02:59 PM
#82:


EvalAngell posted...
you finally realized this?

lets brake it down into simple terms you both might understand.

when you wear a helmet and get in a crash, are you going to survive 100% of the time?

No. So are you both gonna stop wearing helmets because mitigating risk isnt good enough for you, its either eliminate all risk or you wont use it?

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AngelsNAirwav3s
06/11/20 5:11:13 PM
#83:


jeffhardyb0yz posted...
Sold all 7 of my tvix @ 212.13. Wonder what it will open at tomorrow

That was a good call in my opinion, TVIX is very volatile and if the market bounces back tomorrow it will drop heavily. Or it could be up another 50% tomorrow lol I am also pretty curious what will happen with the market, I don't think this will be like March where we saw the market plummet day after day.

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#84
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apocalyptic_4
06/11/20 5:27:12 PM
#85:


I bought 3 when it was at $138 was going to sell it off tomorrow morning or afternoon before the market pumps

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P4wn4g3
06/11/20 5:34:42 PM
#86:


My dad has a put on the entire S&P and is waiting for a double bottom.

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Prismsblade
06/11/20 5:37:50 PM
#87:


marthsheretoo posted...
And never enough for education and social programs.
Are you serious?

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apocalyptic_4
06/11/20 8:34:00 PM
#88:


well im going in heavy tommorow mourning im buying 30 shares of TVIX as soon as the market opens and selling by the end of the day fuck it im gambling

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AngelsNAirwav3s
06/11/20 8:37:12 PM
#89:


shockthemonkey posted...
Fuck, do I take the $90 now or do I hold it?

Futures are already up quite a bit, so the market should have a decent day tomorrow, I would sell. I have made a crap ton of money off of TVIX, but I have also lost a lot too lol

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SK8T3R215
06/11/20 11:09:08 PM
#90:


You really shouldn't be holding volatility ETFs overnight.

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SK8T3R215
06/12/20 6:42:22 AM
#91:


Stock futures up 2% today. Should recover some of the loss.

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#92
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DarkRoast
06/12/20 8:47:22 AM
#93:


It's not even a second wave. It's the first wave to which GOP governors responded late and reopened early.

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#94
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#95
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apocalyptic_4
06/12/20 9:49:56 AM
#96:


I sold 3 mins after opening made a smaller profit than i would of yesterday. I'll be watching to see if it pops off again then I'll go back in

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#97
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#98
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AngelsNAirwav3s
06/12/20 11:10:38 AM
#99:


I was debating whether to get into TVIX or regular stocks this morning.... should have gone with TVIX

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The Trent
06/12/20 11:13:50 AM
#100:


AngelsNAirwav3s posted...
I was debating whether to get into TVIX or regular stocks this morning.... should have gone with TVIX

i made the same mistake

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