Stock Market Prediction

[mikesal57]

After markets in the green....

cant figure shit out here....

[lamboguy]

Originally Posted by mikesal57

After markets in the green....

cant figure shit out here....

the bulls and bears will be fighting it out today at the old coral.

we are heading to an era where everything will be re-priced and re-aligned. the thought of what is in front of us after the end of the corona is scary. the unknown and change are always hard to digest.

[lamboguy]

an hour before the open, S+P up 50 points. this is more meat on the bone to short into.

they asked some of the Robinhood boys why they bought a bankrupt company in Hertz. one guy said he bought it because he thought the name Hertz had some value, another guy said because they own a whole bunch of cars all over the world.

the bottom line is that company's that go bankrupt have only one price to get to and that is ZERO.

[lamboguy]

now what does Hertz do? they go public with more shares! at the bottom of their offering they have a disclosure "if you buy our shares, the stock may become worthless"!!!

[lamboguy]

Quicken Loans gonna do an IPO. why would any company that is having their biggest quarter ever decide all of a sudden to do an offering? i am going to give you that answer, that is because they know that the amount of re-finances and new mortgages are going down. that will mean that your real estate values are heading south right with Quicken's business.

[lamboguy]

the broker dealer that winds up pushing this Hertz offering out wil make 5% of the total funds. Hertz asked the judge yesterday for $1 billion in offerings. this is the same judge that is handling the bankruptcy. some of the money they take in will go to creditors, and some will go to executive pay raises.

nice country.

[FakeNameChanged]

Originally Posted by lamboguy

the broker dealer that winds up pushing this Hertz offering out wil make 5% of the total funds. Hertz asked the judge yesterday for $1 billion in offerings. this is the same judge that is handling the bankruptcy. some of the money they take in will go to creditors, and some will go to executive pay raises.

nice country.

Nice is right. They paid out $16.2 million in bonuses five days before they filed for bankruptcy, then laid off 14,000 workers right afterwards.

[sammy the sage]

Originally Posted by FakeNameChanged

Nice is right. They paid out $16.2 million in bonuses five days before they filed for bankruptcy, then laid off 14,000 workers right afterwards.

and THAT'S why I quit a decade ago...total BS....

[FakeNameChanged]

Originally Posted by sammy the sage

and THAT'S why I quit a decade ago...total BS....

sammy, do you mean you quit Hertz, or just working in general, for some other blood-sucking company?

[sammy the sage]

Originally Posted by FakeNameChanged

sammy, do you mean you quit Hertz, or just working in general, for some other blood-sucking company?

stock market in general....insider's & corporate boards RAPE the average investor...don't get the returns they should...on MANY companies...used to pay for insider info...would get the deals they were making...was disgusting on some companies....no way to keep up with who was honest and who wasn't...so just walked away...

yep...i've missed out some good gains....but my business is good at the moment...so...just trying to figure out where to put any extra....which at the moment is a TOTAL crap shoot...b.o.l.

[lamboguy]

Sammy is right, but what he left out is that when the large corporations are doing well, the executives figure out ways to get high pay and more stock options. they also get the right people elected so they don't pay their fair share of the taxes that ordinary people would have to pay. but when things go bad, they go to their friends in the government and get their corporations bailed out, while the taxpayers that struggle to put a roof over their families have to pay. according to the government, these large corporations are to big to fail.

[Secondbest]

I just came back from an airport run. Place is EMPTY. JFk terminal 5 used to packed. Not anymore Parking empty. Maybe a few hundred people tops counting workers.
I know the market looks ahead but without a vaccine I can’t see it changing

[lamboguy]

the SEC halted trading today on Hertz. they are questioning the potential sales of up to $1 billion in their bankrupt corporation.

the stock was halted at a price point of $1.93. i wouldn't be surprised if it opened up under .25 when it opens on its way to boot hill.

[lamboguy]

they re-opened trading and the sucker actually went UP .10.

this is a lesson in trading that i must learn the new math!

[Suff]

Originally Posted by Secondbest

I just came back from an airport run. Place is EMPTY. JFk terminal 5 used to packed. Not anymore Parking empty. Maybe a few hundred people tops counting workers.
I know the market looks ahead but without a vaccine I can’t see it changing

Ditto. In fact when speaking with the AVIS people I was told they are not back to even 15% of normal activity. Same with Spirit, yes they're packing the flights, but with less than 20% of routes actually flying. There I was told the same thing, we are ~15%, and that is on weekends. 10% during the week.

The people on the ground are senior people. You can imagine right? The people working are the critical managers that these companies don't want to lose. So I trust the numbers that I was hearing.