I would love to be this blissfully naive.

I e been following space since it was at like 15 and haven't gotten in on any of it. It was the exact gamble I love too

Too late to get in on the spce run?

You know the market is closed monday? It is President's day. Better get in now or you gonna have to wait til Tuesday.

Anyone interested in natgas? Started building a long position and I'm sitting around breakeven right now.

I considered selling my weed stocks to buy few minutes ago as well when it was up 17%, maybe later today for me as well.

Bought 100 Tuesday SPY 336 puts for 78c average. Risk off into the weekend + bad weekend news by Tuesday fairly probable

This is working out well. Did my first bit of selling today but still think it’s going much higher. Rotated some money into CGC March calls just now too. In this market we could see dumb money piling back into the highly shorted weed space.

Everyone's going to head for exits at today's close ahead of the long weekend? Or is that too obvious? It's seemed to play out that way on Fridays lately.

Makes sense to me. Sold some ES (mini S&P) this morning with the intent of holding to close. Working so far. Fridays (especially with a long weekend) with this virus hanging over the markets head tells me nobody is really gonna wanna go into the weekend with excess longs.

Chicken little, you don't get it. I don't know how you can not understand my position with all the back and forth we've had, but bias can be blinding. We both know the absolute case and death numbers are suspect, which is why I've only been talking about the rate of change. Yesterday they added a bunch of backlogged deaths, but you can't deduce from that that the derivative of the death rate has changed. It's still very possible we hit the true inflection point on death rate yesterday, but that the total dead reported was just off by a factor of two or so. So instead of the death toll being 4k when this is all said and done, it ends up being 8k. Whatever--market shrugs that off. We don't know if the death rate hit an inflection point yesterday because they spoiled the data now with all these backlogged cases. As you like to say, it'll be clear in a couple weeks (although you've been saying that for a couple weeks because you're chicken little). Until then you can keep making these crowing posts and thinking you're right, but you're just going to end up owing me an even bigger apology. Maybe you'll get lucky on those SPY puts, but I doubt coronavirus will have anything to do with it.

That has been the pattern for the virus market so far. Sell on Friday and buy back on Monday. I don't want any "trading" exposure over the weekend.

Yeah, I think under these conditions the old do it till it doesn't work strategy will pay biggly

Well, the mother of all pumps arrived, just in time. Breaking 10 minutes ago: White House considering tax incentives for Americans to purchase stocks, according to CNBC

Lol wtf

So buying these types of stocks are basically gambling? Spce.... I’m new to the stock market and is hard to ignore certain stocks having 20% days, it wasn’t always like this was it?

Chamath is the goat pump master.

Wuhan Sharply Tightens Quarantines on Residents
https://www.washingtonpost.com/busin...7d4_story.html

Sitting in a central london coffee shop. Seeing more Chinese people around wearing masks right now lol. Not sure whether a mask actually helps or not.

Tooth is probably right about this virus being very serious, but his obsession in regards to this topic makes him look like a germophobe. Did you know that after the black death got done ravaging Europe that land rents went way down and wages for workers went way up? So if this does end up killing hundreds of millions it will be very good for the poor in the long run. I suspect equities would correlate with real estate in this scenario.

https://www.youtube.com/watch?v=owI7DOeO_yg

Has anyone got a link to read about some of the people ago have died? Since I am calling BS (or basically saying this is way blown out of proportion in the media) I am trying to read a bit about some of the people who have died. All I am seeing are headlines about France reporting the first death (when you read the small print - an 80 year old woman) and a death in Taiwan, a 61 year old with diabetes and hepatitis b.

Death rate doesn't really matter. China has quarantined 750 million residents (per the NYT). If you don't think that will have an impact on global trade you are crazy. That doesn't mean it is going to harm stock prices but it will undoubtedly have an effect on global trade. China is the world's No. 2 economy.

Further, Harvard's leading epidemiologist has stated that this is going to be a global pandemic. It's likely no longer controllable. This isn't just media hype.

Added on top of that you've got, by my data, a record amount of options positions being bought to open. This almost always led to fairly quick medium term weakness of -10% or more.

Any whisper of a western contagion or this virus being more serious than the chinese are telling us (likely) this market is going to rip faces. Tale as old as time. Market, and retail traders, are not prepared.

I've got 55 puts on cruise ship stocks (45 RCL and 10 CCL) with expirations for June and September at various strike prices. If this thing does truly spread out of control then a cruise ship is the absolute last place you'd want to be, as they're basically giant floating incubators for viruses.

Also made a nice quick gain on INO, bought 5k shares on Wednesday and then sold it Thursday for a quick ~$2,500 gain. Woulda done better holding it into Friday but don't really see it as a long term hold and with the sharp spike in cases causing the surge thought it was a good time to just take a quick profit and move on.

Also have about 950 shares of GILD, remdesivir seems to have shown some promise and GILD is cheap as is so I like the asymmetry of payoffs here (could go a lot higher if remdesivir works but downside seems somewhat capped.)

And then apart from that, I've liquidated my whole portfolio so have quite a bit of money in cash. This seems like a good time to reduce risk and have a lot of dry powder.

One other idea is if you can find a medical supply company based in the US that could be a good long. I took a look at McKesson Corp but didn't really like it, has too many moving parts. Ideally I'd like something simple and manufacturing based. If anyone has any ideas here, I'm all ears.