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Message
re: Time to buy stocks
Posted on 3/9/20 at 12:43 pm to B4YOU
Posted on 3/9/20 at 12:43 pm to B4YOU
quote:
Agree. People said the same stuff in 2008. We just eclipsed Sept 29, 2008 on a percentage basis. That’s not a buying opportunity but a warning sign that things are about to get real bad.
Except the vast differences in oil prices then and now, housing market and attendant liar loans/mortgages, etc. There was no COVID-19 hysteria, either, which is having a large impact on this and possible wage losses due to how employees may be handled, etc.
1
Posted on 3/9/20 at 1:16 pm to Bone06
(no message)
This post was edited on 3/9/20 at 1:34 pm
Posted on 3/9/20 at 1:17 pm to Bone06
Just bought into LUV at $43.
It may bleed a little more, but I’m willing to bleed a bit more at this price and under these seemingly
temporary circumstances.
Airlines down + price of oil down, as we approach warmer months ? Yeah, I’m in.
It may bleed a little more, but I’m willing to bleed a bit more at this price and under these seemingly
temporary circumstances. Airlines down + price of oil down, as we approach warmer months ? Yeah, I’m in.
Posted on 3/9/20 at 1:18 pm to Tiguar
quote:
Some of you guys have been saying this for a couple weeks.
You're going to run out of hands for that falling knife.
These buying opportunities just keep coming at us day after day...will the good fortune ever end?!?!?!
Posted on 3/9/20 at 1:49 pm to Tiguar
quote:
me of you guys have been saying this for a couple weeks.
You're going to run out of hands for that falling knife.
Posted on 3/9/20 at 3:28 pm to tirebiter
quote:Yep.
Except the vast differences in oil prices then and now, housing market and attendant liar loans/mortgages, etc. There was no COVID-19 hysteria, either, which is having a large impact on this and possible wage losses due to how employees may be handled, etc.
In Sept 08 S&P shorts were significant holdings.
Here, I'm on the cusp of going UPRO.
Other than that small detail . . .
Posted on 3/9/20 at 3:56 pm to Bone06
Bought ET today at 6.75 a ridiculous steal. Right now it's at 7.36 and it pays a $1.22 dividend that works out to 16.6%. No brainer.
Sold DAL puts for 150% profit still have CCL & MGM puts that I'm going to sit on until the other shoe drops when we see thousands of more cases with the expanded testing.
Sold DAL puts for 150% profit still have CCL & MGM puts that I'm going to sit on until the other shoe drops when we see thousands of more cases with the expanded testing.
Posted on 3/9/20 at 4:17 pm to Bone06
I am a coward. I moved my 401k into mostly bonds since I am not convinced that we are at the rock bottom point. I'll move back into stocks and take risks soon enough - I am very young (31) and can afford to take risks.
Posted on 3/9/20 at 4:24 pm to Bone06
bought $15k of xom this morning
Posted on 3/9/20 at 4:24 pm to oliveandblue
quote:
moved my 401k into mostly bonds
Hope you're ready for negative rates.
Posted on 3/9/20 at 4:42 pm to texag7
quote:
bought $15k of xom this morning
Posted on 3/9/20 at 4:44 pm to oliveandblue
quote:You went to all bonds, but can afford to take risks? The advantage you have is a 30yr horizon. You don't need to time the exact bottom here. You simply need to look for opportunities in terms of long term holdings.
I moved my 401k into mostly bonds since I am not convinced that we are at the rock bottom point. I'll move back into stocks and take risks soon enough - I am very young (31) and can afford to take risks.
In terms of investing within a long-term time-horizon, does it affect things if SPY, DIA, QQQ drop further before you hop in?
Posted on 3/9/20 at 4:46 pm to arkiebrian
quote:
Hope you're ready for negative rates.
The disdain on this board for folks who jumped into safety is hilarious. Dow drops 3% BUY BUY BUY. Why you selling? You can't time the market!?? You gonna miss out?!! You selling at the bottom!!
Posted on 3/9/20 at 4:48 pm to Athletix
quote:
You can't time the market!?? You selling at the bottom
You’re contradicting yourself (others) here.
Posted on 3/9/20 at 5:12 pm to Athletix
quote:
Why you selling? You can't time the market!?? You gonna miss out?!! You selling at the bottom!!
I'm not selling shite. I'm adding to my blue chips in my IRA and playing options in my daily account.
Posted on 3/9/20 at 5:15 pm to Bone06
Bought 1000 more of ABBV and 2000 of BGS!
This post was edited on 3/9/20 at 5:17 pm
Posted on 3/9/20 at 5:15 pm to arkiebrian
quote:
playing options in my daily account
My biggest regret. Life been too busy for me to devote enough time to play with options. Hindsight 20/20 and all
Posted on 3/9/20 at 5:18 pm to Athletix
quote:No one here should hold that a 30-something parking all his assets in bonds at a <1% ROI makes sense.
The disdain on this board for folks who jumped into safety is hilarious.
Posted on 3/9/20 at 5:21 pm to Tiguar
I’m not trying to catch a falling knife. I am just doing what I normally do. It just so happens prices are much lower these last few weeks than last month.
Kind of scary, but this is money that is going to be working for the next 10+ years.
Kind of scary, but this is money that is going to be working for the next 10+ years.
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