TLT like valic funds paid off big for me this year but I bailed at 1/2 on Friday and other 1/2 on Monday. Tried a dead cat bounce timed buy and that failed, so as of yesterday, I sit and watch.
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Stock Thread (29 Viewers)
- Thread starter St. Louis Bob
- Start date
I question myself too much. I’m getting better and aside from them (might buy if they dip again, which I’m sure they will), definitely thinking about dabbling in some. Bought two stocks right before the bell as I think the prices were right again. Only spent a small portion of my cash.
fantasycurse42
Footballguy Jr.
This is like 2008 selling here. Nasdaq is down like 11% or so in 4 days.
fantasycurse42
Footballguy Jr.
Gotta be honest... If the selling doesn't abate shortly, my real life paranoia is going to start to increase substantially.
Wow
bought XOM and MRK mid-morning, and doubled up at close for $1/$2 off respectively.
I always place limit orders below the current price, every purchase today ended up below my limit price, I’ve never had that happen before.
I still have cash to put to work / light on fire.
I’m a long term holder but wish me luck.
bought XOM and MRK mid-morning, and doubled up at close for $1/$2 off respectively.
I always place limit orders below the current price, every purchase today ended up below my limit price, I’ve never had that happen before.
I still have cash to put to work / light on fire.
I’m a long term holder but wish me luck.
Bob Sacamano
Footballguy
IQ?
That’s what happens with all these programs and analytics. TDOC best revenue estimates by 1.76%. It’s up around 20% and had already been up 40% in the past two months. If it were a cloud software company with the exact same numbers it would have gotten crushed this week for not beating numbers enough.
fantasycurse42
Footballguy Jr.
That selling was unreal, the buyers (all of them) just pulled all of the orders.
I just red a blurb that the S&P 500 is down 10% in 6 days. Fastest in history.
fantasycurse42
Footballguy Jr.
The Big Donkey
Footballguy
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
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Insoxicated
fantasycurse42
Footballguy Jr.
Bossman
Footballguy
Not sure why anyone would want to leave money in this market right now ...
other than hedge / inverse or virus vaccine stocks.
My portfolio lost 100K this week before I sold everything this morning.
I just couldn't continue to sit back and watch it evaporate..
Don't know how much more it would have been down after today. Safe to say, I saved myself thousands.
other than hedge / inverse or virus vaccine stocks.
My portfolio lost 100K this week before I sold everything this morning.
I just couldn't continue to sit back and watch it evaporate..
Don't know how much more it would have been down after today. Safe to say, I saved myself thousands.
It should based on estimates but again this isn’t something I’m selling any time soon. It’s my highest holding behind AMZN. DCAing some more 401k money tomorrow! That helps with a little of the sting.
Looks like the two stocks I bought are up after hours. One had a good earnings report so glad I got it at a nice discount. Sit on it a while now.
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I’m not taking an income tax sized hit on gains and I’m way more long term than you are. If my stocks are still growing like gangbusters and I’ve got a 10-15 year timeframe, I’m not jumping ship and potentially missing a recovery. And by recovery, I’m not talking next week. Not sure how long it will go down but just 401k and matching wise my wife and I should be investing another $40k+ so it’s nice to have some DCAing going on. I sat through the ####ty 2000s, so I’ll have no worries even if this lasts several years again. That just means my cash on the sidelines and my new 401k investing will be buying low for the next cycle. That said if you pick the right stocks they’ll hopefully be beating the market.
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Insoxicated
(28%)American companies are seeking to cut their reliance on China as coronavirus outbreak disrupts production, crimps revenue
Some American companies are seeking to cut their reliance on China as coronavirus outbreak disrupts production, crimps revenue
Revenue in China will fall in 2020 if the coronavirus continues to disrupt work through April, said half of the respondents in AmCham China’s survey
Some US companies are shifting out of China, with 28 per cent polled saying they are setting up, or using alternative supply chains, according to a separate survey by AmCham Singapore
Some American companies are seeking to cut their reliance on China as coronavirus outbreak disrupts production, crimps revenue
Revenue in China will fall in 2020 if the coronavirus continues to disrupt work through April, said half of the respondents in AmCham China’s survey
Some US companies are shifting out of China, with 28 per cent polled saying they are setting up, or using alternative supply chains, according to a separate survey by AmCham Singapore
culdeus
Footballguy
That's not true for everyone. BrokerageLink 401k are very common now. If you are trapped in one of those fundy 401ks RIP.
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Looks like TTD is now up more than today’s loss (up 8%) and my other stock is up 5% after both earning reports today. That’ll help a little.
NajehHejan
Footballguy
I hope I made the right call. I went into my IRA's through Ameritrade and sold all my ETF's when they were down around 1.7% today. Saw they ended down 4.5%. I'm staying on the sidelines for a bit. I left my 401K as is. 80% of my retirement is in IRA's due to a rollover.
Not so sure. It usually follows days like today with flat a out panic drop and instant bounce back up leaving all the panic sellers behind at the bottom.
Yeah, pretty much barring a stroke of luck vaccine. Even then the damage has been done and by the time that gets released to the general public, we could already be in recession if this spreads.
Capella
Footballguy
Yea I have to say I really don’t know how to play this. I’ve already lost so much money I don’t want to bail and miss any returns but the thought of stomaching another 10% is pretty ridiculous. I’m in long on everything but it still is hard to watch.
The Big Donkey
Footballguy
Age and risk aversion is variable, but like Capella posted above...if this hits the US, you probably made the right call.
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Well if it makes ya feel any better, the guys I listen to say the longterm bull market target is 3800-4000. Then a sell off again. No time frame given for obvious reasons (this virus). Dude also predicted a 30% move in early 2020. He didn't know which way but that's what he said. I only read his stuff and no longer follow minute by minute. That got me in trouble. I follow the long term forecast. I also really listen to Adam Mancini's twitter. He has great analysis.
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Insoxicated
I'm no expert but you might want to take a measured approach. Don't view it as 100% In/Out. If you're not sure maybe pull some out. Smooth out that risk curve in case this is magically the bottom (which I don't think it could be).
Mom and pop investor got duped again.
It's hard to pull the trigger now but that's probably the best move. If it drops, you at least saved some and if it goes up with no magic bullet, it's most likely a dead cat bounce where funds sell into strength. I already did that when I tried to time a dead cat bounce Tuesday. Should have just stayed in the TLT type funds.
My portfolio is down about 3% with hedges, and I’m feeling about as good as I could expect. Kicking myself in retrospect for not buying up stock in a protective mask company (APT going parabolic, so predictable).
adonis
Footballguy
And finish everyone off on Monday when they look at the $ they used to have over the weekend?
Because of coronavirus, could the next big run be on biotech stocks instead of the FANG stocks? Meaning could big money take this opportunity to pump up another group of stocks? Something to watch. I will definitely have $ biotech when I pull the trigger.
Capella
Footballguy
chet
Footballguy
fantasycurse42
Footballguy Jr.
CNBC
The Centers for Disease Control and Prevention said it revised its guidelines to allow clinicians across the U.S. to test more people suspected of carrying the new coronavirus. Under the prior federal guidelines, clinicians could test suspected COVID-19 patients if they had traveled recently from China or had been in contact with someone known to be infected. Some lawmakers criticized the CDC’s previous guidance as too restrictive. The new guidelines, which were posted to the CDC’s website Thursday, appear to place more power in the hands of local health practitioners to determine who should get tested. —Feuer
The Centers for Disease Control and Prevention said it revised its guidelines to allow clinicians across the U.S. to test more people suspected of carrying the new coronavirus. Under the prior federal guidelines, clinicians could test suspected COVID-19 patients if they had traveled recently from China or had been in contact with someone known to be infected. Some lawmakers criticized the CDC’s previous guidance as too restrictive. The new guidelines, which were posted to the CDC’s website Thursday, appear to place more power in the hands of local health practitioners to determine who should get tested. —Feuer
fantasycurse42
Footballguy Jr.
We should have clarity on how bad this is within 4-7 days imo.
