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Any market-timers out there still sitting on a bunch of cash waiting for the market to "re-test the low?"
My small, pure speculation account is all in cash after taking big gains for XLE and others.  All of my retirement accounts are back invested save for just about 1%.  Was close to 40% cash when all of this started.

 
Any market-timers out there still sitting on a bunch of cash waiting for the market to "re-test the low?"
Nope. 100% in until Mancini says there is a setup for a short opportunity. Then I will get out because we will go back down. Won't retest. We either drop to a point above a retest or plummet well below retest.

 
Will be interesting to see you disappear again when the market goes negative.  Way too cocky.
Meh, I like to see that stuff. Gives me a good sense of where people are. Seeing bears capitulate and bulls declare victory is usually a good sign that we're probably a bit over our skis. Should have listened to my instinct on too many people calling for a retest. But every day someone on the street says we're in the clear, I get more comfortable in my bearishness. Now of course I wish I waited until now to put on most of my shorts. Don't have the stomach to completely double down but fading some of the PENN move today to bring my cost basis up. 

But I do love the people who come in here and crow are usually the ones who sold at the bottom and are now buying. 

 
Went to Home Depot yesterday.  What an absolute SH!T show.  I am beginning to think that the people staffed by businesses that remain open to the public are all the rejects who couldn't land the jobs normally but are willing to work.  It is a bad bad sign when the people working at a hardware store are less knowledgeable about the products they sell than I am.  Because I assure you, on the scale of masculinity and men who know how to do stuff with their hands (not counting that) I am the least manly man out there.  But my god, the people I encountered yesterday wearing the orange and roaming the vast halls of Home Depot were head-spinningly stupid and unable to help.  

I don't know why I'm posting this other than the need to rant, but I might try out Lowes just to see if it's less populated by booger eaters than Home Depot.  I want to short HD stock out of pure spite.  
Time to throw down some pennies and stomp out of their store.

 
sporthenry said:
Gives me a good sense of where people are. Seeing bears capitulate and bulls declare victory is usually a good sign that we're probably a bit over our skis.
I'm all for it.  When he shows up, its usually the signal that the market is going negative again.  If you are going to speculate on puts, that's usually a good day to do it.

 
Home Depot is a great example of a stock I love, but company I can't stand.  I almost always go to Lowe's for stuff even though there are a Lowe's and HD right next to each other by me.  Own HD, don't own LOW.

Netflix is a great example of a company I love, but stock I hate.  Been a subscriber for years, love their content, but think their stock is way way way overpriced.  Spending a billion to make 100 million kinda sounds like me at the casino.

 
The General said:
Think I'm done with the airlines. Will take my loses and put that money somewhere else.

Will hold some in my retirement account and just watch it languish there in the short term but my speculating (gambling) accounts are all moving to medical stuff.
I’m down like a half a percent on delta after today and am considering cutting and running. I’d rather have more of Disney or amazon I think. 

 
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General Malaise said:
Went to Home Depot yesterday.  What an absolute SH!T show.  I am beginning to think that the people staffed by businesses that remain open to the public are all the rejects who couldn't land the jobs normally but are willing to work.  It is a bad bad sign when the people working at a hardware store are less knowledgeable about the products they sell than I am.  Because I assure you, on the scale of masculinity and men who know how to do stuff with their hands (not counting that) I am the least manly man out there.  But my god, the people I encountered yesterday wearing the orange and roaming the vast halls of Home Depot were head-spinningly stupid and unable to help.  

I don't know why I'm posting this other than the need to rant, but I might try out Lowes just to see if it's less populated by booger eaters than Home Depot.  I want to short HD stock out of pure spite.  
I think I agree with you.  Grocery store workers have gone down the tank around me.  Even restaurants.  We are tipping like $20-$25 on $30 takeout orders and still out of our multi-tude of takeout orders during this mess I think we've gotten ONE order that didn't have something major incorrect with our order.

 
I think I agree with you.  Grocery store workers have gone down the tank around me.  Even restaurants.  We are tipping like $20-$25 on $30 takeout orders and still out of our multi-tude of takeout orders during this mess I think we've gotten ONE order that didn't have something major incorrect with our order.
Haven’t had any issues outside of Chick-fil-a but I was having issues with them before this. That said they throw free stuff your way if you complain. 

 
gruecd said:
Any market-timers out there still sitting on a bunch of cash waiting for the market to "re-test the low?"
Yes I am.  Also just crossed the +15% gain threshold since the peak.  I can sit on this cash until Dow 29500 and will be at least 20% ahead of when it was last there.

 
Sold just enough CYDY near the high today to cover my cost and am now riding on house money. Thanks again to Chet, Siff, Todem, and the rest of the smart people in here  :thumbup:

 
Yes I am.  Also just crossed the +15% gain threshold since the peak.  I can sit on this cash until Dow 29500 and will be at least 20% ahead of when it was last there.
Nice. That's how it's done. It's rare when you are gifted such an event that allows one to get out of the market and buy back lower with virtually zero risk. This was one. The housing bubble was the previous obvious one.

 
Nice. That's how it's done. It's rare when you are gifted such an event that allows one to get out of the market and buy back lower with virtually zero risk. This was one. The housing bubble was the previous obvious one.
I feel bad for the people who bailed at DOW 21000 and either are still in cash or bought back higher.  Not sure why Gru chose today to rub their noses in it.  Very grateful for the opportunity that presented itself and appreciative of all the posters who have had great and consistent input and advice.  @siffoin @Todem @sporthenry come to mind quickly, but there have been numerous others.  I even appreciate it when people tell me I'm doing something stupid like dabbling in USO.  Always love to hear what people are buying and why.  @cosjobs put me onto a quick one day gain of 5% on INTC most recently that I would have certainly missed.  Hopefully some made coin off of my suggestions of LOW and MAR.

 
gruecd said:
Any market-timers out there still sitting on a bunch of cash waiting for the market to "re-test the low?"
25% of my fun account is in cash.  

Retirement accounts remain no cash, 10% bonds. 

The General said:
Think I'm done with the airlines. Will take my loses and put that money somewhere else.

Will hold some in my retirement account and just watch it languish there in the short term but my speculating (gambling) accounts are all moving to medical stuff.
:shrug: I'm still positive on JETS. not CYDY or DFS level increase but I'll take it.

 
:shrug: I'm still positive on JETS. not CYDY or DFS level increase but I'll take it.
I guess just longer term for me. It’s close to its low (at least Delta is) so no where to go but up.

For my gambling fund though I’m liking so much other stuff right now.

I’m super novice though so this is more of “gut” than any actually charts and actual knowledge :lol:

 

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