Money Investing megathread extravaganza - Page 306

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Hog's Gone Fishin · 04-20-2020, 07:32 AM

Quote:

Originally Posted by BigBeauford

Jesus oil is about $11 per barrell.

Time to buy MOAR!

bsp4444 · 04-20-2020, 08:03 AM

Quote:

Originally Posted by scho63

Did anyone see what the hell Shopify did in the past week?

SHOP

Damn some of these things never get noticed until they double

Got in at $321 trading at $628 today. Sea Limited (SE) is a similar stock that may be worth watching. Currently trading at $54.

ghak99 · 04-20-2020, 09:01 AM

Quote:

Originally Posted by lewdog

But the argument could be made that many people are just buying essentials. Will all these unemployed people be actually dumping loads on money into significant home improvement projects right now? That doesn't seem to make sense.

Out here in Methican America, a lot of people are making more money now than they would be if they were working their regular 32 hour/week job. Parent money, kid money, unemployment bonus, and now they think even more is coming. They're spending it, no doubt about it.

It'll be a different tune when their old job never calls them back in.

ghak99 · 04-20-2020, 09:03 AM

Quote:

Originally Posted by Buehler445

Yeah, it's a ****ing disaster.

If my local ethanol plant shuts down, I'm absolutely ****ed. I have no idea how I'll source enough affordable protein to cover the loss of byproduct.

Discuss Thrower · 04-20-2020, 09:07 AM

Quote:

Originally Posted by ghak99

Out here in Methican America, a lot of people are making more money now than they would be if they were working their regular 32 hour/week job. Parent money, kid money, unemployment bonus, and now they think even more is coming. They're spending it, no doubt about it.

It'll be a different tune when their old job never calls them back in.

Credit Card companies are gonna eat.

**Buehler445** · 04-20-2020, 09:34 AM

Quote:

Originally Posted by ghak99

If my local ethanol plant shuts down, I'm absolutely ****ed. I have no idea how I'll source enough affordable protein to cover the loss of byproduct.

I presume no bean crush plants around?

Misplaced_Chiefs_Fan · 04-20-2020, 11:44 AM

Holy carp. Crude oil = $1.55 a BARRELL (wsj.com/1:30pm)

ghak99 · 04-20-2020, 11:51 AM

Quote:

Originally Posted by Buehler445

I presume no bean crush plants around?

There's one that's not too far away, but it's twice the haul, 1/3 more expensive, and would require adding water back into the ration. The ethanol plants have just spoiled us and it would be a terrible time to try to pencil in the extra input costs.

Gas is below $1 in several places here, so who knows how long the local plant will hold out. If it gets real ugly, I guess I could try roasting some of our own beans. Never even seen it done though, so I'm sure it'd be a disaster.

ChiliConCarnage · 04-20-2020, 12:10 PM

Quote:

Originally Posted by Misplaced_Chiefs_Fan

Holy carp. Crude oil = $1.55 a BARRELL (wsj.com/1:30pm)

It hit .01. it's apparently just for May delivery contracts if I understand right. Pretty wild

RunKC · 04-20-2020, 12:22 PM

“ One year ago today, oil was trading near $70 / barrel. Today it's been as low as $.06. Yes, 6 cents for a barrel of oil.”

Wow

scho63 · 04-20-2020, 01:56 PM

I would be really surprised to not see some of the powerful companies with cash hoards start buying up some of the ones getting clobbered in this market.

Warren Buffet must be salivating right now.

Fat Elvis · 04-20-2020, 02:04 PM

Quote:

Originally Posted by RunKC

“ One year ago today, oil was trading near $70 / barrel. Today it's been as low as $.06. Yes, 6 cents for a barrel of oil.”

Wow

Looks like it went negative today....

https://finance.yahoo.com/quote/CL=F?p=CL=F

**Rain Man** · 04-20-2020, 02:38 PM

Quote:

Originally Posted by Hog's Gone Fishin

Drugmaker Moderna has shipped its first batch of a possible coronavirus vaccine for humans to government researchers for testing.

Shares of the biotech company soared early Tuesday, a day after the company said it sent vials to the National Institute of Allergy and Infectious Diseases for early-stage testing in the United States.

More than 80,000 people have been infected globally from the viral outbreak that began late last year in China. A total of 35 cases have been reported in the United States.

More than 2,600 people have died from the virus in mainland China, including one U.S. citizen.

Shares of Cambridge, Massachusetts-based Moderna Inc. jumped nearly 16%, or $2.92, to $21.51 in premarket trading.

The stock started trading in late 2018 and set an all-time high price of $29.79 last April, according to FactSet.

I'm up 117 percent on MRNA since this post convinced me to buy some. I owe Hog a beer again.

I sure wish I hadn't panicked and sold 90 percent of it a week after I bought it.

ReynardMuldrake · 04-20-2020, 02:45 PM

Jesus, I just logged into my Robinhood account and I'm up 50% the past two weeks. MRNA and CODX.

**Buehler445** · 04-20-2020, 07:01 PM

So the front month of Crude closed at -37.63/brl. Yes. That is NEGATIVE. To my knowledge commodities haven’t went negative.

My buddy is the CEO at the coop and his broker is pretty connected. (I’m assuming it came from his broker) said that it was an ETF that held all the contracts that got slaughtered. I’m sure now is normally a perfectly acceptable time to get out of the front month unless it’s May 2020 contract.

Just one of many reasons not to I Evers anything in ETF of commodity markets.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $96899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,538

04-20-2020, 11:44 AM	#4582
Misplaced_Chiefs_Fan I am Number Six Join Date: Aug 2000 Location: Columbia, MD, USA Casino cash: $-300000	Holy carp. Crude oil = $1.55 a BARRELL (wsj.com/1:30pm) __________________ One of the lowest PPD of any of the original members of the Planet . . . and proud of it. My web site My writer's page
Posts: 6,675

04-20-2020, 12:22 PM	#4585
RunKC Andy Reid Supporter Join Date: Apr 2012 Casino cash: $339611	“ One year ago today, oil was trading near $70 / barrel. Today it's been as low as $.06. Yes, 6 cents for a barrel of oil.” Wow __________________ Mike Greenberg@Espngreeny I can’t fathom what it must be like to be a fan of the #Chiefs. Adopt a Chief: Jared Wiley
Posts: 48,505

04-20-2020, 01:56 PM	#4586
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $841110	I would be really surprised to not see some of the powerful companies with cash hoards start buying up some of the ones getting clobbered in this market. Warren Buffet must be salivating right now. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 52,830

04-20-2020, 02:45 PM	#4589
ReynardMuldrake 2 Legit 2 Colquitt Join Date: Sep 2010 Casino cash: $3515754	Jesus, I just logged into my Robinhood account and I'm up 50% the past two weeks. MRNA and CODX.
Posts: 4,764

04-20-2020, 07:01 PM	#4590
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $384734	So the front month of Crude closed at -37.63/brl. Yes. That is NEGATIVE. To my knowledge commodities haven’t went negative. My buddy is the CEO at the coop and his broker is pretty connected. (I’m assuming it came from his broker) said that it was an ETF that held all the contracts that got slaughtered. I’m sure now is normally a perfectly acceptable time to get out of the front month unless it’s May 2020 contract. Just one of many reasons not to I Evers anything in ETF of commodity markets.
Posts: 58,177