If we limit down to start the day I'll donate $25 to a OSA trip fund in 2020.Quote:
Originally Posted by OSA
Just depends if the printers run out of ink here.
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If we limit down to start the day I'll donate $25 to a OSA trip fund in 2020.Quote:
Originally Posted by OSA
Just depends if the printers run out of ink here.
Tellafreind gets credit for this one
fed bazooka in full effect...would laugh my ass off if they managed to get this shit back up to 3000...
definitely wouldn't put a dime on that happening at all, but given all that is going on if they propped the market back up it would be an amazing story on central planning...the Russians would be very amused...
Time to start going long in a week...thanks 1929!Quote:
Originally Posted by DalyTellafreind gets credit for this one
Every fucking stock sold and lost all the days gains in afterhours.
Amazon, Google, Walmart, Netflix
Don’t see any funeral stocks.Quote:
Originally Posted by OSA
SCI
I think they have gift cards too.
Wow - I remember Craymer having the ceo on back in 2008. He was hocking stocks that wouldn’t be impacted by the recession.Quote:
Originally Posted by SanlmarDon’t see any funeral stocks.Quote:
Originally Posted by OSA
SCI
I think they have gift cards too.
How long will the stock market allow these companies to have greatly reduced or zero income before they short their stock?
https://pbs.twimg.com/media/DVojA9pUQAAPYtF.jpg
I will say this...shizz knows how to get green reps from me...Quote:
Originally Posted by Shizzmoney
:to
Ok I see what these fuckers are doing. Market opens up 4-7% and then loses it all by end of day. Fine, Ill pull out like my condom broke tomorrow once the same shit happens by lunch time
Also how can we down 400 points and TVIX down 10%?
Lol, I'm dying.Quote:
Originally Posted by OSA
The market is capable of dropping with low volume.
Tine, remember you were posting about these guys?
LOL.
https://seekingalpha.com/news/355778...-fraud-finding
Quote:
Originally Posted by OSA
DJI up 300 ish now. Around 12:20 decline will start again and well finish the day down 400-500 points.
Please let me be wrong
OSA : trading :: Verminaard : sports betting
What comes after Trillion?
Quadrillion.
https://ae01.alicdn.com/kf/HTB1DpJfB...collection.jpg
email i received from bank...Quote:
Originally Posted by simpdogIs that through the bank? And where are the details on 10k being a grant?Quote:
Originally Posted by Baron Von Strucker
What is it?
•
It’s a $40,000 government‑guaranteed loan to help eligible businesses pay for operating expenses, payroll and other non‑deferrable expenses which are critical to sustain business continuity.
•
Until December 31, 2020, the Canada Emergency Business Account will be funded as a revolving line of credit for $40,000.
•
After December 31, 2020, any outstanding balance on the revolving $40,000 line of credit will be converted into a non‑revolving 5‑year term loan maturing on December 31, 2025, at which time the balance must be paid in full.
•
No interest applies until January 1, 2023.
•
Commencing on January 1, 2023, interest accrues on the balance of the term loan at the rate of 5% per annum, payable monthly on the last day of each month.
•
If you pay 75% of the balance of the term loan (as at January 1, 2021), on or before December 31, 2022, the remaining balance of your term loan will be forgiven. For example, if your balance is $40,000 on January 1, 2021 and you repay $30,000 on or before December 31, 2022, the remaining $10,000 will be forgiven.
•
If you do not repay 75% of the balance of the term loan (as at January 1, 2021) on or before December 31, 2022, the full loan balance and all accrued and unpaid interest will be due and payable on December 31, 2025.
CCL Carnival
What I recall:
$6bbond raise @ 12.5% (complete trash). However, $17b chased the sale down to something like 11.75%. Druffs credit card has a lower rate. People chasing returns though.
More stock to be issued too.
CCL got punished
All the consumer discretionary stuff, casinos etc are gonna get similar friendly financing. Margins were falling before during the best of bubble times. Go ahead and split 6’s.
BILLIONQuote:
Originally Posted by Sanlmar
and ouch at this statement
Carnival says that it needs $1 billion monthly to continue operating, even if it's not catering to passengers.
Yup, here's the Motley Fool (which pains me to link) saying the same thing as the above two posts: https://www.fool.com/investing/2020/...an-cruise.aspx
Baffling how RCL is still at $25 now. That won't last.
NCL and CCL still have farther to fall, despite being at $8.
Remember when I told everyone not to touch these cruise lines until this whole thing is all over, and perhaps not even then. I'm starting to believe that all of these companies will go under.
The reduction of social distancing will occur in phases. Phase 1 will be, "It's okay to go back to work", Phase 2 will be, "It's okay to invite friends over again, and to go out to restaurants", and then several other phases, and the last of all of them will be, "It's okay to go on a cruise ship."
There may not be cruising at all until a vaccine is developed. I don't think these companies can ride it out for anywhere near that long. Whether they can even make it to July 2020 is questionable.
We may see the destruction of all cruise ilnes, followed by a rebirth with a somewhat different business model and target age demographic.
Most laughable are the people with cancelled cruises from March to May who are skipping the refund and instead booking (highly marked up) future cruises at a supposed "discount".
When these cruise companies crash and burn, their "Future Cruise Credits" won't be worth the e-mail bytes they're printed on.
I think your over estimating peoples self respect and dignity. If given a good enough deal,people will definately sail again.
Quote:
Originally Posted by Dan Druff
Time to buy
I’m close to all in right now on MGM, JBLU and CCL.
I bought at resistance in all three over the past week and have averaged down the Way down. JBLU and CCL are at close to 52 weeknlow MGM has held on well.
Be a tight stop from here . If any fall below 5-7% of the low it’s time to capitulate and I will have given back all the gains from last weeks run up. If this happens it’ll need to think when to re enter.
BTW for anyone talking about bankruptcy for CCL - JPM and GS just brokered and held a over subscribed 11% Bond raise and took on 1.3B in equity. You think they going under soon?
I have been trying to play some options on the cruise lines but the mid-term market (September/October) has tons of interest but almost no volume. Seems like a market can't get going because everyone thinks these things are going to the moon shortly.Quote:
Originally Posted by DalyI’m close to all in right now on MGM, JBLU and CCL.
I bought at resistance in all three over the past week and have averaged down the Way down. JBLU and CCL are at close to 52 weeknlow MGM has held on well.
Be a tight stop from here . If any fall below 5-7% of the low it’s time to capitulate and I will have given back all the gains from last weeks run up. If this happens it’ll need to think when to re enter.
BTW for anyone talking about bankruptcy for CCL - JPM and GS just brokered and held a over subscribed 11% Bond raise and took on 1.3B in equity. You think they going under soon?
This is a good view.
My bank doesn't know details yet. Have you been able to apply?Quote:
Originally Posted by Baron Von Struckeremail i received from bank...Quote:
Originally Posted by simpdog
What is it?
•
It’s a $40,000 government‑guaranteed loan to help eligible businesses pay for operating expenses, payroll and other non‑deferrable expenses which are critical to sustain business continuity.
•.
Just to keep you sharp
Airlines are not receiving a bailout. In populist times a history of using bonds and profit to juice stock to get a bonus that puts your compensation @ 1000x a worker just ain’t gonna happen.
That established ..
You know the airlines have gone bk multiple times? They can go bk on Tues and Thursday you’re winging your way to Boston. It’ll be transparent to you.
Please note your closest exit.
A small bank in West Virginia has become the first institution to fail during the coronavirus crisis, the Federal Deposit Insurance Corp. announced Friday. The First State Bank of Barboursville with $152 million in total assets was closed Friday by the West Virginia Division of Financial Institutions. The bank's $139.5 million in deposits will be acquired by MVB Bank Inc. of Fairmont, W.Va. The four branches of The First State Bank will reopen as branches of MVB Bank on Saturday, the FDIC said.
did you have this in the bank failure pool?Quote:
Originally Posted by simpdog
Interesting.Quote:
Originally Posted by simpdog
As most of you know, tons of banks failed in 2008. I had a bunch of money in one of them and it was a big sweat to see if the government would handle it right and quickly. Aside from a $14 cashier's check charge which I Jewed my way out of, surprisingly it went fine.
I braced myself for more of this and... it didn't happen.
Why? Because a new model quickly emerged. When banks would fail, other banks (usually larger ones) would buy them up. During the past 10+ years, I've seen many banks I've used switch ownership for this reason. Sometimes the policies of the new bank would suck and I'd jump ship, but at least I didn't have to worry about FDIC bullshit.
Anyway, not surprisingly, banks right now are not interested in acquiring new failbanks, hence you are seeing these failures. I'm sure we will see more.
Quote:
Originally Posted by simpdogBILLIONQuote:
Originally Posted by Sanlmar
and ouch at this statement
Carnival says that it needs $1 billion monthly to continue operating, even if it's not catering to passengers.
On 3/17, I said here about CCL: https://pokerfraudalert.com/forum/sh...l=1#post886782
- From $52 to $12-something in the span of a month, (an now $8.50).
- Added in Druff's prediction that in 2022, people will cruise again "normally". Maybe. 80% chance of this happening. Back to making $2 or 3b/year by 2022 or 2023.
- CCL makes around just under 1b for the first 3 months of 2020, then loses 9b (1b/month) in last three months = 8.5b loss this year.
- Pulled a number outta my ass and said they will need to pay about 15% interest on all these billions (sounds like it'll be 12%, even better) they need to keep them afloat (tee hee) for a year or year and a half.
- Next year, they lose money, because of the overhang of all this shit, but, especially if they can start cruising later in 2020 on at least a modified schedule, but it's only a "small" loss.
- 2022 maybe $2b and 2023 back to $3b as this stuff fades (vaccine/cure found? Covid-19 just goes away? Everyone has had it and is immune?).
Dirt cheap in a good case scenario like this. $8.50 ---back to--->$52 in Mar 2023 = 6x your money.
If you believe.
Baron got an email from bank. Signup for the 40k (10k "free") loan will all be online.
Should be up in next week or two.
I’ve already applied and recd a confirmation.Quote:
Originally Posted by simpdog
Shit.
https://t.co/cjpS9f0wgX
Quote:
Originally Posted by Tellafriend
Well there goes my UCO gains
Did I miss that you're Canadian?Quote:
Originally Posted by TellafriendI’ve already applied and recd a confirmation.Quote:
Originally Posted by simpdog