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Stock Thread (9 Viewers)
- Thread starter St. Louis Bob
- Start date
cosjobs
Footballguy
I've noticed this and it concerns my safety deposit box. But I think I may buy this on the dip instead of trying to catch falling knives in the market. Seriously, anyone have any idea how low gold could go? I think absolute would be 1250, but on the other hand it could shoot past 2000 in a few hours of the herd has second thoughts.Its not like a stock, as far as big upward moves. I think right now a lot of the Obama haters who loaded up when scared into buying (along with guns) during his administration are dumping their holdings conservative talk radio conviced them to buy..
Pure conjecture on my part trying to predict WTFGLD
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Insoxicated
jvdesigns2002
Footballguy
Honestly—it’’s becoming far more appealing to me. Even with the drop—gold and silver have been very good to me—-and there is a very good chance that our government will effectively have to push through this downturn by printing money like no tomorrow. If silver gets close to $15–I’m definitely acquiring more. With that said—nothing that this market does moving forward would surprise me.
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TripItUp
Footballguy
cosjobs
Footballguy
I'm buying cases of Tito's, VO, beer and wine. We already have plenty of food in the pantry/freezer, but only about 15 cases of wine.
cosjobs
Footballguy
I need to find my pot guy, too.I'd like to subscribe to your newsletter. I'll bring teh berbins
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cosjobs
Footballguy
I see no reason whatsover for a rebound in the nest week at least. If I bought, it would only be a tiny toehold, mostly so I can track it more easily when looking at my portfolio of VIX stocks.
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Insoxicated
I'm kinda a moron at investing and don't have time to follow individuals the way some do... so I'm Joe Sixpack who gets creamed when they turn.
I keep my 401k in Target Date funds, and my Rollover/Roth IRA trend heavily SPY/QQQ with some individuals (max 10% or so) for fun based on this thread.
Definitely not optimal compared to some of you active whizzes , but also less likely to get smoked by a hard left.
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fred_1_15301
Footballguy
Punxsutawney Phil
Footballguy
I wonder if Disney cruise lines could drag down the entire company? If they have to close theme parks here, that's going to be a nail in the coffin.
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Insoxicated
People don't actually think DIS is in real danger do they? They surely have capital to weather this storm. They gotta be a huge value in a month or two .
Todem
Footballguy
CCL is the only one I have eyes on because of their extremely strong balance sheet. Still not stepping in though at this point. Cruise industry is in big trouble for the next year. So I am taking my time buying one of those stocks.
Todem
Footballguy
I don't. I am waiting till we hear park closing announcements. Then see another rip downward...then go in and scoop up this company. Long term they are gold.
TripItUp
Footballguy
Capella
Footballguy
TripItUp
Footballguy
cosjobs
Footballguy
What percent of their of their revenue comes from theme parks and cruises? I like them other than that obvious anvil around their neck
cosjobs
Footballguy
I listen all the time. he's very smart, insightful and knows the market as well as anyone. But you need a huge bull #### detector to heed his trading advice and understand encyclopedic market knowledge does not always precede good advice..
Capella
Footballguy
Mancini - Only 12 days ago I posted a setup to 2550 in $spx and it came far quicker than expected.This whole 11 year bull market has been a perfect "megaphone" pattern and its no coincidence the selloff started right at 3400 resistance.2550-2530 is support & bulls need to step in there.
skycriesmary
Climbing up the Walls
If you had 25k to reallocate in a IRA, would you put it in a index fund as above, or a basket of market leaders (Goog, amzn, JPM, etc)? I'm thinking about putting in about 25% per week over the next month.
GoBirds
Footballguy
cosjobs
Footballguy
TripItUp
Footballguy
What’s your horizon?
Anything over 5 years I would be as aggressive as possible with companies that have strong balance sheets. JP Morgan, Amazon, Google, Apple etc
You could go 50% SPY but that wouldn’t be maximizing the opportunity IMHO.
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cosjobs
Footballguy
I'd do no more than 2500/wk if you're going long.
What could possibly make the decline stop, other than a corona cure? See one in the next few months? I recommend a similar strategy with bear/vix etfs
skycriesmary
Climbing up the Walls
man, people just don't want to give up on FAANG, MSFT
2018 & 2019 has been wiped out of the NAZ.
Also come others are helen meisler. sentiment trader zachary mannes that I read.
2018 & 2019 has been wiped out of the NAZ.
adam mancini4 on twitter. https://twitter.com/AdamMancini4
Also come others are helen meisler. sentiment trader zachary mannes that I read.
skycriesmary
Climbing up the Walls
My horizon is 15-20 years. I was thinking a mix of both, but wasn't sure the allocation mix. I'll go 75% with individual industry leaders.
skycriesmary
Climbing up the Walls
Yeah, 10% a week might be more prudent. While I'd love to dive into some sds/tvix, not sure I have the fortitude to dive in with so much already taken off the market. Still pissed that Merrill Edge wouldn't let me pick up Tail.
cosjobs
Footballguy
Maybe precious metals on their dip? I prefer actual metal in a safety deposit box, but most others seem to prefer mining companies.
skycriesmary
Climbing up the Walls
I've already got about 10% in gold (IAU-GDX), and 5% in silver (PAAS). Tempted to put in another 10% at these levels, but even these seem to be in a free fall with everything else. No hedge when everyones looking for liquidity.
culdeus
Footballguy
American has the worst balance sheet, but is also the most shorted. I've got all the majors and their suppliers on a watch screen basically last week or two. I feel like I should send a resume as a airline stock analyst to Goldman or something.
I think UAL is the safest target, they can weather this much easier, but LUV has value since it's all domestic. If we feel we can contain this without international travel they have the best pop.
With fuel prices this low LUV is also a commodity play as they do a lot of futures hedges, and are aggressive about it. They have problems because they are now sitting on some worthless hedges if oil does not come up.
The Tick
Footballguy
Is there any reason to keep an e-trade account around? My last company used E-trade for our stock grants. When I left that company and sold all my remaining grants I kept a little money in cash there in case I ever wanted to use the site for stock trading (which I usually don't do). Since then my Vanguard account has turned into a full brokerage account (was just mutual funds previously) and my new company does their stock grants through Fidelity (plus 2 companies of 401K's there), so I have a full account there. Anything that E-trade does well where I'd want to keep that account around or just close it out and centralize with Vanguard or Fidelity? Those two are more actively used and I'll be keeping them long term for sure.
chet
Footballguy
BOT another 70k CYDY
Nice PR this am about the first breast cancer patient going into remission and her Oncologist taking her off of chemo and leaving her on Leronlimab. FDA also requested in person meeting to discus BTD application. All good news.
Nice PR this am about the first breast cancer patient going into remission and her Oncologist taking her off of chemo and leaving her on Leronlimab. FDA also requested in person meeting to discus BTD application. All good news.
culdeus
Footballguy
I have money with fidelity, schwab, merril edge (hi Dentist). Fidelity is by far my favorite interface.
Schwab has the best online app.
JerseyToughGuys
Tough Guy
BigSteelThrill
Footballguy
BroadwayG
Footballguy
Sand
Footballguy
Facebook, Amazon, Apple, Netflix, Google. They need to squeeze an M in there for Microscoft, too.
Net buyer today. Some tax loss sales and switches around, some jettisoning items, but buying more SPY than selling. I'm going to wait until the last hour and maybe ease a bit more into this, we'll see.
I remember 2008-2009 being a downward grind with some bad days. I've never seen the ferocity of a decline like this. I'm hoping this is the worst of it.
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Insoxicated
I love Fidelity. I've got my work 401k with ML, but everything else investment wise with Fidelity.
Still checking with BoA for convenience.
BigSteelThrill
Footballguy
Pulled 70% of what I had in equities out almost a month to the day, a point from the peak. I’ve put about 25% of that back in play.
Trying not to get greedy here. With the market down 25%, do I put more back in knowing that *when* it rebounds I’ll be up 30-35% on where I would have been had I just sat tight? Obviously I’d rather that be +40-50% if the market continues to drop, but back to that greed thing. Anyone with any thoughts? TIA
Trying not to get greedy here. With the market down 25%, do I put more back in knowing that *when* it rebounds I’ll be up 30-35% on where I would have been had I just sat tight? Obviously I’d rather that be +40-50% if the market continues to drop, but back to that greed thing. Anyone with any thoughts? TIA
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