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04-06-2020, 05:37 PM | #309 |
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it does seem like the panic is dying down a bit and now may be the time to get in.. at least with index funds. The cases and death in NY have definitely started dropping off. as much as I want to pull the trigger now, I think i'll wait a few days.
I'm a bit concerned as to what might happen if the UK prime minister Boris Johnson croaks in the next few days... it went from 'oh he's just going to the hospital for routine tests, he's fine"... to "he's in the ICU now". that kind of news would instill a lot of panic and be front page on every news channel.
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04-06-2020, 11:43 PM | #310 | |
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And I do agree with you on the Boris Johnson statement. If he goes.....that's going to cause some shockwaves. |
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04-07-2020, 06:30 AM | #311 |
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Very strange movements yesterday. The Pharma's with covid-possible products all seemed to go down, and the travel & leisure stocks went up, like problem over.
That might be corrected today, but did pharma see it's (relative) high already? Murf |
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04-07-2020, 09:12 AM | #313 |
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Oil... tough to actually call this one as it bounces around.
- OPEC+ production cut Thursday (Maybe Oil goes up?) - G20 probably won't agree to cut on the first group meeting (Maybe Oil goes down?) - G20 will reconvene (Maybe Oil goes up?) - Employment numbers will come out...unemployment will go up (Maybe Oil goes down?) - Economy is not requiring the over supply, demand will be less (Maybe Oil goes down?) - Economy in Q3 comes back on track, demand is diminishing oversupply (Maybe Oil goes up?) Seriously, I've got myself in both positions. Unfortunately heavy on bull and still down overall. But the bear seams to have less reasons to stay in it. |
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04-07-2020, 09:30 AM | #314 |
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Anyone able to give a noob a little advice?
I sent in several orders last night as I felt we would have another surge today. Stocks like MGM, EAT and USFD. Market opens and they are all over 15%gains with no orders placed. Is it just because the market moved faster than the purchases could be made? Advice on how to do it differently? |
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04-07-2020, 10:31 AM | #316 |
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Nah, I just placed orders to trigger a buy when the market opened. Like I said I am a noob and may not understand how it works. I even reissued those orders at a higher rate after the market opened and they didn't go through. I finally cancelled them as the stocks started to pull back. Maybe trades get slowed down with activity?
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04-07-2020, 11:21 AM | #317 | |
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Here's an idea.
Buy 70/30 or 80/20 (if you're under 40) of VTI/BND and sit back and relax for the next 20-30 years. -Mark in St. Louis Quote:
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04-07-2020, 11:26 AM | #318 | ||
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04-07-2020, 11:28 AM | #319 | |
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Was it a limit order? How can you offer that advice when you have no idea what his goals are |
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04-07-2020, 11:33 AM | #320 | ||
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It was a limit order as that's the default and I have not messed around with the options there. That may be the issue. I actually didn't know there were different ways to purchase. Looks like I need to study some more. |
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04-07-2020, 11:36 AM | #321 | |||
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04-08-2020, 12:44 AM | #324 |
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Chipotle hasn't hit norovirus levels yet and this is a global pandemic, lol. Everything is still riding way too high unfortunately. I am long NVDA, TXN, and XLNX. I don't like to pick stocks out of industries I am not very familiar with.
Last edited by chris719; 04-08-2020 at 12:50 AM.. |
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04-08-2020, 12:59 AM | #325 |
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Don’t understand why people are looking at stocks that haven’t gone down that much. What you should be looking at are companies that have gone down so much in the last 2-3 months. Once all this is over it will go back up. Like I mentioned before, Live Nation was a great buy at $20-22 and is still a good buy at low 30’s. Airlines stocks can be good because they won’t go out of business. Who the hell will fly people if they do?
Watched Royal Caribbean stock for a week or so. When it dropped to $22.50 (lowest was about $20 on March 18th) I snatched it up. For some reason I had a good inkling about Carnival Cruise Lines too so bought some of their shares for $8. Earlier today, before the drop, RCL was up $40 and CCL was $12. Airlines stocks are 1/3 what they were 2 months ago. Cruise lines stocks are 1/5-1/6 of what they were 2-3 months ago. That’s what I would buy. If you have extra cash and plan for long term investment you should make your money back and more, much more. American Express and Boeing Company are good stocks to keep an eye out for. |
04-08-2020, 06:18 AM | #326 | |
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Same thinking here. I finally looked at my retirement last night. It wasn't as bad as I thought...down around 16%. Most of my stuff is in Vanguard. But I'm like you...PK is at $7.36 and was in the $30 dollar range. There are quite a few out there like that that you could make some decent returns off of, and still allow yourself to be "frugal" with what you put in. Cruise lines, Hotels, etc......eventually they are coming back and I hope with a vengeance. And at the price they are selling at, you can diversify across quite a few of them without a major outlay of cash....and end up seeing some big returns. And let me add again....if only I had listened to my boss about BA...I could have made $8K in 2 days time!
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04-08-2020, 10:42 AM | #327 | |
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04-08-2020, 11:58 AM | #328 | |
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04-08-2020, 02:21 PM | #329 | |
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04-08-2020, 02:26 PM | #330 |
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I'm waiting to see how Quarterly Earnings filter through....see what happens...then decide!
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