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Coronavirus/Stocks when to buy

bazokajoe

Well-known member
Nov 6, 2010
9,263
7,206
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More than a year buddy... going to be a lot of bankruptcies, foreclosures and a deep recession because of these circumstances. But if you have money to forget about for several years it will hit $100+ inevitably.
You have been sniffing too many paint fumes
 
One to watch is the Airlines who are taking a huge hit right now but once we get thru this crisis, they will take off again (Air Canada has gone from $50 to $20.. huge potential once international travel spins up again!)
I did a limit order at $14 on Air Canada when it was in the 15's (US OTC). It immediately plunged now down to about $8! I plan to hold for the long term and hope Canada does some financial support for its biggest carrier. I also have Air Canada booked to Toronto in another month and hotel for 7 days, but probably will have to cancel. I doubt if the travel ban will be over.
 

boobie519

Member
Oct 10, 2012
69
34
18
I did a limit order at $14 on Air Canada when it was in the 15's (US OTC). It immediately plunged now down to about $8! I plan to hold for the long term and hope Canada does some financial support for its biggest carrier. I also have Air Canada booked to Toronto in another month and hotel for 7 days, but probably will have to cancel. I doubt if the travel ban will be over.
I did the exact same thing except $14.50. Was so upset when it tanked further.
 

daywalker11

Mongerer
Dec 27, 2011
507
107
43
Toronto
Honestly, for those buying AC stock you need to keep this in mind. They will need a bailout. The bailout will wipe out the common equity.
 

peeler_feeler

B(.)(.)B Lover
Dec 5, 2001
2,108
23
38
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Toronto
Honestly, for those buying AC stock you need to keep this in mind. They will need a bailout. The bailout will wipe out the common equity.
The last time AC went down to sub $2.00 was the common equity wiped out by a bailout? I keep reading about people who invested at $1.00 and if they were patient could have made 50 X when stock went to $50.00 or more.
 

VERYBADBOY

Active member
Dec 22, 2003
5,369
29
38
Back in the 6ix

nottyboi

Well-known member
May 14, 2008
22,447
1,325
113
Agree and unfortunately the markets are likely going down another 30-40%. Best to keep your cash close at hand for that time.
Having listened to some blogs about what is happening in the background I think the Fed and the team will pump the markets back up this week and for several days. They are ready with TRILLIONS, however the biggest problem is how to get the money into the system with BASEL regs etc . This is something they are working on behind the scenes this weekend 24 hours a day...watch for it this week. I am not saying this is a fix, it is a desperate attempt, will probably not succeed in the mid term.
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38
I don't think those Fed measures will have a lasting effect. As the body count rises the market will continue its downward spiral. There will need to be some medical breakthrough with a certainty that the worst of the virus is behind us before the markets head upward but when it happens it will shoot up quickly and violently. Don't miss the boat.
 

nottyboi

Well-known member
May 14, 2008
22,447
1,325
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I think we all know with almost 95% certainty there will be a vaccine within 12 months. In fact I think there will be one 3-8 months. It won't be widely distributed but will be available to end outbreaks. Also symptom treatment will improve markedly in the next 6-12 weeks. I expect fatality rates too start dropping quite quickly as a result. How to restart the economy will be the trick. I think with covid oil Production will decline as well.
 

MattyMcG92

Active member
Jul 21, 2018
100
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28
Nottyboi,

There will likely be a treatment within the next two months. But FDA approval for a vaccine is estimated to be a much longer process.

Gilead Sciences (GILD - NASDAQ) has an anti-viral drug called Remdesivir that is being studied in five large clinical trials, two of which could read out results in early April. Up until now, Gilead has made it possible for patients who want the drug to get it through a process called “compassionate use.” To date, the company said, it has provided emergency access to several hundred patients in the United States, Europe, and Japan.

Remdesivir works by preventing the virus from replicating. It is delivered intraveneously. Watch for rush FDA approval sometime in April. Gilead is ramping up production all around the world and they will still be no where close to meeting demand.

Matt
 

MattyMcG92

Active member
Jul 21, 2018
100
98
28
There has also been a lot of press about a drug called chloroquine (or hydrochloroquine) which has been used to treat malaria since the 1940s. Chloroquine earned FDA approval as a malaria treatment in 1949 and long stood as the go-to treatment for the disease. Anecdoctal evidence has found that chloroquine may be effective for mild Covid-19 cases but as cases get more severe patients are switched to Remdesivir.
 

MattyMcG92

Active member
Jul 21, 2018
100
98
28
The North American markets peaked on February 19 and began falling rapidly. We are still in the early innings of the outbreak. There will be two or three waves before it is under control. Schools will not reopen until September.

The Dow Jones Industrial Average (DJIA) is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States. The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the Toronto Stock Exchange with about 250 companies included in it.

Watch for the Dow Jones Industrial Index to drop all the way to 15,000 (currently 18,881) and the TSX/S&P Index to hit 8,500 (currently 11,489). Around June, the markets should bottom and slowly start climbing back.
 

Spacealien2

Well-known member
Apr 29, 2012
1,838
177
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Heaven
I hope it really takes that long to bottom! Lyft rallied. Yes Lyft, the retarded cousin of Uber. In the middle of lockdowns and no one's going out. My puts on Lyft are down 50%!
 
Air Canada has gained about 40% in the last 5-days. Almost back up to where I bought it at! I am not clear why. US airlines had huge gains as they are getting lots of Federal money in the deal about to pass. But Canadian airlines will have to wait for another Canadian funding help since not in the one just passed and got royal assent.

Once the virus lockdowns and travel bans are over - maybe by May - there will be a massive uptick in pend up travel demand, especially business. Westjet and Porter may not be able to survive if not helped. Air Canada is by far the strongest and has enough cash and credit lines for about six months.

In the US, the "rescue" package for the airlines does not include any equity participation, so shareholders will not be diluted. They are grants as I understand it to pay all employees, contractors, etc. separate from the other employee provisions.
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38
Yeah I know. The stock market has gained in the last two days. Makes no sense. The economy is getting worse every day.
 

waynec

Member
Nov 23, 2008
112
16
18
DOW at 22500 today. Thats like 4000 points from its low just earlier this week. Analysts claims all the bad news and stimulus priced in now. i am going to sit and wait. If i've missed out, i would feel ok as i refuse to participate in this crazy market. thoughts?
 
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