Down goes the Dow

“Management prays that Boeing can soon buyback our stock so we can cash in our options at significantly higher prices.”

?

seattle prattle wrote:

FIXED:

can I post with a different handle wrote:

Are you worried about the dividend being cut dramatically given the current situation, or is that secondary and you’re looking to make money by selling if the share price rises?

Potential stock appreciation primarily, and the dividend caught my attention as well, but was not the primary reason, so i wasn't banking on it.

The dividend got me thinking, though. Ran the numbers and by buying approx. $25 K of one of those energy ETFs, I could pay for all gas and electricity I use in my home each year on the dividend payments alone, assuming they don't cut the dividends. How's that sound? Invest in the index and I get my home energy costs offset just for doing so.

Double that and it would pay for the gas in the car as well.

I'd do it, but like my prospects better in the growth sector. Maybe will do it rather than sitting on some cash....

(Note: assuming about $1K gas and elec. util. cost per year and a 6% dividend the approx. 20% taxes on those dividends).

jesseriley wrote:

Somehow I doubt Boeing’s guidance said:

“Our planes are grounded because they kill hundreds of people plus nobody’s flying in the pandemic and all our orders have been pulled, in addition to the planes we’ve already built that are currently worthless.”

Outlook: return to profitability in Q3 (lol)

Correct.

J. Hardy wrote:

Ghost of Igloi wrote:

The latest from

@FactSet

on companies flying blind

Of 122 companies S&P 500 companies that have provided guidance, 50 (41%) commented on EPS guidance for current year. Of these 50 companies, 30 (60%) withdrew/had already withdrawn previous EPS guidance for FY 2020.

So less than 25% of the companies that provided guidance have withdrawn that guidance. Naturally that means over 75% are still comfortable with their guidance. This seems rather bullish to me.

65% beats in this environment is outstanding!

(What’s up with this new bullish Igy?)

Hey Detector Dude, have you bought your Buc Brady Jacket yet? You’ll have to get a Brady Wife Beater Shirt if you attend any Tampa games. Probably won’t have many fans with Covid-19. You should go, cheap flights and all.

Stanley Morgan wrote:

65% beats in this environment is outstanding!

(What’s up with this new bullish Igy?)

Yeah, I’m about as novice as they come, but I’d have guessed much worse. I’m also surprised the market has dropped so little during the pandemic, especially after a 10 year run.

Ghost of Igloi wrote:

Hey Detector Dude, have you bought your Buc Brady Jacket yet? You’ll have to get a Brady Wife Beater Shirt if you attend any Tampa games. Probably won’t have many fans with Covid-19. You should go, cheap flights and all.

Well you may be bullish now, but you’ve still got the same mean streak.

Wink, wink, says Stanley Morgan, aka infamous Detector Dude, protector of the realm.

Any thoughts on here about Draft Kings going public through a reverse merger? At around $20 per share seems like a really good deal.

Euro markets up 1 to 2 points for day so far.

Go TESLA

Hey Igy,

SP500 has been heading back upward for over a month now. Still a sucker's bounce, you think?

the idiot wrote:

Hey Igy,

SP500 has been heading back upward for over a month now. Still a sucker's bounce, you think?

Absolutely. Typical bear market technicals. Good luck though, but I think you’re delusional.

Ghost of Igloi wrote:Typical bear market technicals. Good luck though, but I think you’re delusional.

the idiot wrote:

Ghost of Igloi wrote:Typical bear market technicals. Good luck though, but I think you’re delusional.

OK, if you're going to call me names (which I've still never done to you over the years), then you are silly for talking about "technicals."

I am characterizing your beliefs, not you. You’re the one that called me out. Pretty clear historically what is going on, but you ignore it. That is delusional.

jeezus H, Igy, I didn't call you out, I asked you your current opinion. Grow up

Also:

Ghost of Igloi wrote:(1) I am characterizing your beliefs, not you.

(2) Pretty clear historically what is going on, but you ignore it. That is delusional.

(1) what beliefs did I express, btw?

(2) Your graphs of three phases of a bear market are bizarre. They coincide where you've shown the bounce we are discussing, but the first phase of the current situation bears no resemblance (not even remotely) to that of the two bear markets shown for comparison. What's your basis for believing that phase 3 will look the same?

the idiot wrote:

jeezus H, Igy, I didn't call you out, I asked you your current opinion. Grow up

I’ll try. It is hard at age 69.