Stocks

Okay I'm buying into this negative value thing.

Pimpin said:

7 now what the fuck

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am I tripping or is it down 4?

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LOL i went for dinner and its 5.39 when i come back what the fuck happened.

Also canadian oil traded negative today crayze times..

I actually wanted to come here to say that the august futures still seem a bit expensive when looking at todays price...


Has anybody actually made the calculations wht price Exxon would need to run its operation profitable?
Just wondering cause of the entry point. Q2 might very well turn out just as ugly as Q1.

Also this: https://www.bloomberg.com/opinion/a...was-right-for-junk-energy-bonds?sref=anFOwcZ0

They're treating it almost as a non-issue since it's expiring tomorrow and nobody gives an actual fuck other than be astonished at the low price. If this had happened 10 days ago, then this would have destroyed economies.

4.4 now i feel like the guy in the bgi short

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2.99

just texted my friend who works for the angolan gov and he s like it s only a matter of time until brent sees a sharp decline and he s out of a job.

Of course he was half joking but still i think the market is taking it to easy and shrugging it off as a temporary problem. But i m not that sure it will be fast that demand catches up to production even with a fast reopening. Also how many us prducers are gonna make a profit even at 35$?

im strongly rethinking exiting bp, i got in at 304..

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1.5$ rn.. hahaha

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Adriano@10 said:

just texted my friend who works for the angolan gov and he s like it s only a matter of time until brent sees a sharp decline and he s out of a job.

Of course he was half joking but still i think the market is taking it to easy and shrugging it off as a temporary problem. But i m not that sure it will be fast that demand catches up to production even with a fast reopening. Also how many us prducers are gonna make a profit even at 35$?

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why are may contracts so cheap? how will the capacity get cleared up for june?

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1.12$

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BREAKING: Crude oil's May contract plunges as low as just $0.01 per barrel http://cnb.cx/3cDZj9v

LAMFPDOASJKDopASKD

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it went to negative territory wow

Pimpin said:

im strongly rethinking exiting bp, i got in at 304..

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1.5$ rn.. hahaha

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why are may contracts so cheap? how will the capacity get cleared up for june?

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Well because the capacity is full right again i agree with you i think the difference between may and june contracts is hilarious, problem is i think the 10bpd cut is not gonna be enough to bring demand and supply back into an equilibrium. It would be very weird if storage facilities were not also full or even more then full at the end of may and the beginning of june.

IMHO it really depends how many small producer will just stop production at these prices. Again unless the Opec intervenes again massively i dont see why oil should recover fast, Theres multiple industries that are using a lot of oil that wont come back anywhere close to 2019 levels so i do think prices will stay low.
Not sure where it is now but this morning WTI in nov was at 40 which seemed absurd to me and seems even absurder now.

Then again oil rallied to above 30 in light of the opec cuts despite reports of way deeper discounts when buying/selling physical oi and of storages being already full back then.


Edit: but now my ticker has to be broken right? It s not at -37$?
If so what a fucken comedy show

Adriano@10 said:

Edit: but now my ticker has to be broken right? It s not at -37$?
If so what a fucken comedy show

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It's as much a historical event as it is a comical one.

But it will become a horror show if this applies to the next WTI contract.

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Does anyone know an online broker where I can buy UK stocks as a non-resident, non-citizen? Actual stocks, not CFDs etc. Everything I know needed a UK address and I no longer have one of those.

USA might give every citizen $2k a month for the whole year.

Or No rent / Mortgage payments till the end of the year

rumor has it that one of the auto renting companies will fold these weeks heard it from one of my friends in the "industry"

crzdcolombian said:

USA might give every citizen $2k a month for the whole year.

Or No rent / Mortgage payments till the end of the year

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LOL as a landlord i wonder how the fuck no rent for the rest of the year would work out? As if they would not fuck over many small landlords whos income depends on the rent. It s not like only the big boys are renting out homes. Also no mortgage payments? Not sure how much it is but would it really be smart to cut of CF from mortgages to banks? Would that not lead to more restrictive lending ?

Also as long as Kushner has anything to say you can bet your ass on them not making a no rent payment rule. I doubt he ll just give up millions just like that.
The mortgage thing maybe but again imho that would be devasting for banks and freddie and fannie to would for sure hammer the govs plan to privatize them.
Also in this scenario do you now if rent would just be postponed or if it would be "Free" cause if it s just postponement i dont really see the huge benefit as, most especially poorer people wont be able to pay off of 2 to 3 times worth rent just like that.

The 2000$ usd imho is the best idea the us gov has come up with yet imho but consequently you d then also have to let corporations fire people if there is a safety net in place, but again it s murrica and i dont see em pushing shit like that through. I mean when andrew yang run on th UBI the reps were going nuts over it.

brehme1989 said:

Does anyone know an online broker where I can buy UK stocks as a non-resident, non-citizen? Actual stocks, not CFDs etc. Everything I know needed a UK address and I no longer have one of those.

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Swissquote? Atleast here from CH i can buy uk stocks not sure if you can open an account from your jurisdiction though.
At times i m really confused if we have a super system here in switzerland or if everybody elses is fucked? The amount of questions of through what broker i buy stock in x country is astonishing and my answer is always swissquote. Except for india they dont work in india. And i m always surprised how limited the access is through other platforms.

Edit: Also virgin australia went into voluntary administration yesterday and thats australias second biggest airline, plus peugeot (PSA)warned af a severe demand dropp in the auto industry.

Pimpin said:

rumor has it that one of the auto renting companies will fold these weeks heard it from one of my friends in the "industry"

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Yeah those guys are probably fucked. A friend was telling me he wanted to invest in Hertz stocks when it was down 65% and I told him it was a bad idea. Not sure what he did after all, but it's not an industry I'd go into.

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Adriano@10 said:

LOL as a landlord i wonder how the fuck no rent for the rest of the year would work out? As if they would not fuck over many small landlords whos income depends on the rent. It s not like only the big boys are renting out homes. Also no mortgage payments? Not sure how much it is but would it really be smart to cut of CF from mortgages to banks? Would that not lead to more restrictive lending ?

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I don't know exactly what was discussed as I didn't even see that, but my guess is that the government would cover the rent costs. And I'm assuming it's going to be up to a specific amount, doubt there'll be no rent for someone with a 10k a month apartment in Manhattan

brehme1989 said:

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I don't know exactly what was discussed as I didn't even see that, but my guess is that the government would cover the rent costs. And I'm assuming it's going to be up to a specific amount, doubt there'll be no rent for someone with a 10k a month apartment in Manhattan

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So i looked into it and it s fucken appaling there is no cut off no matter how much you make and how much your rent is you are eligible. As long as it is your primal residence you are eligible so even if you sit in a 30K/month pent house the gov will pay for you. What a fucken farce......
On top of that you can only qualify for one fund either the morgage or the rent payment which again is a fu to landlords that live in a rental.

To top it all of if as a landlord you take money for people not paying their rent you have to agree to shit like not raising prices for the next five year no evictions and so on.

This is a bs bill that makes reps and dems happy but it is a fucken desaster, first the reps ensure that their rich buddies get a cut of the action and then the dems make sure that poor renters are save while fucking over small landlords.

Absolute fucken desaster of a bill only positive it has is that it would be cheaper than paying 2k to every american.

Edit: some shity corona news singapore extends lockdown till june 1st!!!!!

It’s a 5 year no rent increase agreement as a landlord so the government pays you rent.

Also I heard for mortgage they will just pay your interest payments. No news about property taxes and updates to your home.

My rent in Boston was $6,000 a month (lived with 5 friends). The house I rent in CT is $1,200 per apartment. Taxes are $6,000

How can they blanketly say I can’t raise rent for 5 years or not get paid for a year?

USO halted traded, pending announcement.

Interesting enough.

crzdcolombian said:

It’s a 5 year no rent increase agreement as a landlord so the government pays you rent.

Also I heard for mortgage they will just pay your interest payments. No news about property taxes and updates to your home.

My rent in Boston was $6,000 a month (lived with 5 friends). The house I rent in CT is $1,200 per apartment. Taxes are $6,000

How can they blanketly say I can’t raise rent for 5 years or not get paid for a year?

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Yeah but as i understood it if your the landlord you can either apply to get the rent or you can apply to get the mortgage intrest of your hands. And you cant do both which still puts the lendlord in a shity position especially depending on what other costs he ll still have to carry. Like you already mentioned taxes what about property taxes?

Also i believe you dont do anybody a favour by just completely freezing rent for 5 years that will just fuck up the market and price discovery for 5 years. But again since i m pretty sure that this would destroy jareds Business i dont think they ll go through with it.

Again imho a highly flawed bill and why anybody who did not loose their job or who made 150k plus before that should get a rent relieve is beyond me.

Also yeah wtf is that with the USO?
Happy i decided not to enter yesterday.
WHat do you guys think about exxon and haliburton today? Good idea or should i wait till Oil calms the fuck down.

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https://www.realvision.com/opportun...eferral&utm_campaign=43916_HK_GH_CONT_W1_LINK

DUde makes a compelling point and is spot on in hindsight. Not to sure if those tanker names are still a good investment as they sit at 20 P/e s.

Edit: and ofcourse trump announced that he is looking for ways to get funds to the us il industry. hahahah
That shit is gonna be popular with the people standing in line for bread.
Also were american markets not supposed to e fucken free? Theres interventions into everything atm. And ofcourse on top of all helping those fuckers not go bankupt will only keep production highier then it should be and wil lead to longer recovery times.
Then again i m not surprised that non of those fucks in that administration know how free markets work.
I swear to god i d love to punch steve mnuchin straight in the fucken face and he s probably the smartest of the bunch.

very interesting that the tech sector got caught in selloff today, earnings in a week..

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https://www.ft.com/content/2e4da55f-32de-42ae-b38a-3b56fb7c9ee5

this was so easily predicted.. so so so clear that it would be requested and that the german state will oblige..

win win win for all involved

Took a gamble on LATAM Airlines. Posting it because I know Crzd will give me shit for this, I just want to see how bad of an idea it was

Pimpin said:

very interesting that the tech sector got caught in selloff today, earnings in a week..

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https://www.ft.com/content/2e4da55f-32de-42ae-b38a-3b56fb7c9ee5

this was so easily predicted.. so so so clear that it would be requested and that the german state will oblige..

win win win for all involved

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NFLX and snap are today after close. NFLX going to be interesting if performance can keep up with valuation.

Also this https://robintrack.net/popularity_changes?changeType=increases
If you guys wanna see where the hype lays.

There s a price to user holding metric man it s fucken fantastic pure comedy. You can see how their only strategy seems to be buy the dip...
Even with the WTI yesterday

Also bought both euronav and DHT. Did not have the balls to go in deep so it s only 2.5% of my pofo each.

looking at that robin track and it looks hilarious. In each stock i click, they're buying something that had a meltdown. I always love reasoning, it fell 70%, so when it goes back up to where it was it will be a gain of 1000%. Like yeah that's totally how it works.

or or it went up 100% last week, if it continues like this it will go 1000%. Like yeah sure buddy.



this is gold


I have a few doubts on netflix. Just how many new customers out of US can they get.. Its not about product anymore, i love their product, but profitability. The amount of money needed to spend on content is outlandish.. and at these conditions.. with them not being quite the biggest profitable business.. i dont know how will they fund their movies as studios increasingly operate with their own streaming..