Stock Market Today: August 3rd - 7th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Aug 1, 2020.

?

How do you see the SPX closing for the week of (8/3-8/7)?

Poll closed Aug 3, 2020.
  1. Up.

    42.9%
  2. Flat. (+/-0.50% or less)

    14.3%
  3. Down.

    42.9%
  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    [edit: I just checked this info, it is from 2011. So I'm not sure now what has changed]
    I think they did. Before their problem was sellers weren't making money because all buyers did was buy the discounted Groupon. But now it seems like Groupon is asking sellers for 50-90% discounts and is guaranteeing a minimum return on investment.
    If true, it sounds like they're going the Moviepass route to blowing a stock up: unsustainable deals based on the idea of getting a huge number of users.
    GRPN doubled the revenue estimates, in the middle of a pandemic.
     
    #61 anotherdevilsadvocate, Aug 7, 2020
    Last edited: Aug 7, 2020
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Man STMP is even better now after losing the Postal Service contract.
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow what a move :eek:
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Non tech stocks are actually holding up ok today, still seeing some green for stocks that aren’t in the tech sector :p
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Let’s see if we will really ban WeChat, I know some Chinese friends who use it to contact with their friends and relatives in China very often :eek:
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    PENN on the move again :eek: I sold my share at $30s lol :horse:
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    In CWH at $31.09, so far so good :D
     
    T0rm3nted likes this.
  8. T0rm3nted

    T0rm3nted Moderator
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    Much better entry than I got at $33.27
     
    stock1234 likes this.
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like we'll get a token down day, after 7 straight days up in QQQ.
     
    stock1234 likes this.
  10. Jonesy

    Jonesy New Member

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    31.85 here for CWH. I saw it at 31.12 and walked away for a moment. Came back 15 minutes later and it was 70 cents higher.
     
    stock1234 likes this.
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Hard to keep this market down, SPX now in slight green :D
     
  12. A55

    A55 Well-Known Member

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    It didn't work that way for me. My portfolio was in the green. Many times over the S&P. Financials.....banks, mortgage company, housing, REIT did pretty well. I had big losers today also. But that's part of a diverse collection of many different holdings. Teladoc made me abuse....... Statute of limitations. I'll talk about it in 10 years, when I get my money back out of Teladoc. SVC did great. Caused a little stirring from deep in my belly. Got so excited, I picked wild tomato and basil, and cooked pasta. Screenshot_20200807-140054_kindlephoto-1225870523.png
     
  13. A55

    A55 Well-Known Member

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    Camping World will work out. It's profitable because they dominate the market. In the real world, they control the pricing, flow, and distribution of new & used RVs AND guns. Mom & Pop local shop selling ladder racks, lift kits, camper shells, and RVs down the block. All the RV stuff, and the RVs, they order through Camping World. When someone has a trade in, they send it to Camping World. There's no Kelly Blue Book. Pricing for used RV is determined by Camping World. My cousin's gun shop does the same. Camping World has the best distributor pricing on new & used guns, plus they will pay top dollar for trade in used guns.

    Everyone who made money, sold at $42. Today was panic selling, from people who thought that the ship was sinking. The price has leveled out. Guys like me who sold off at $42, will buy it all back up for the dividends and hold until it goes over $40 again.
     
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  14. A55

    A55 Well-Known Member

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    I own all the winners and losers. Somehow, I am in the green today.
    Screenshot_2020-08-07-19-34-09_kindlephoto-584355891.png
     

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