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Dayum! is this the beginning of the big correction?

Posted on 1/24/14 at 10:00 am
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 1/24/14 at 10:00 am
or just a 2-3 day blip?

I'm getting killed!
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 1/24/14 at 10:04 am to
It will fluctuate.
Posted by rintintin
Life is Life
Member since Nov 2008
16153 posts
Posted on 1/24/14 at 10:13 am to
I hope so
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 1/24/14 at 10:15 am to
quote:

It will fluctuate.



like it did in 08/09?
or like it did in 12/13?

Posted by LSUTigerBait07
SD, Chicago, or New Orleans
Member since Sep 2007
2190 posts
Posted on 1/24/14 at 10:22 am to
I feel your pain, I'm killed my skull kicked in today too.
Posted by Camp Randall
The Shadow of the Valley of Death
Member since Nov 2005
15582 posts
Posted on 1/24/14 at 10:23 am to
While you're at it do you have the winning Lotto numbers and also will I win taking the over and the Seahawks at -3?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/24/14 at 10:29 am to
MFLDX was up yesterday. I love that thing.
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 1/24/14 at 10:52 am to
quote:

MFLDX was up yesterday. I love that thing.



thanks for nothing...closed to new investors
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/24/14 at 10:58 am to
$5,000,000 minimum

They have a c share, too. That might be open.
This post was edited on 1/24/14 at 11:02 am
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 1/24/14 at 10:58 am to
Definitely not 08/09, IMO.

I'll take a 10-15% dip though and wouldn't sweat a thing.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15042 posts
Posted on 1/24/14 at 11:01 am to
Right, the DJ is all the way down to it's mid-November numbers.

quote:

I'm getting killed!

Not unless you bought last week and sold today.
This post was edited on 1/24/14 at 11:03 am
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 1/24/14 at 11:01 am to
quote:

$5,000,000 minimum


$5M is all?

I'll need to go buy a new shovel for the jars in the backyard then.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/24/14 at 11:07 am to
C share is $2500
Posted by TejasPete
Member since Dec 2013
1425 posts
Posted on 1/24/14 at 11:09 am to
Dollar cost averaging. I don't retire for a couple decades anyway, I'm down with a 20% drop.
Posted by ell_13
Member since Apr 2013
84942 posts
Posted on 1/24/14 at 11:10 am to
quote:

I don't retire for a couple decades anyway, I'm down with a 20% drop.
Yep. I'm constantly adding to my IRA and going with generic funds, but I have some savings that I've been thinking about using too if a correction happens.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 1/24/14 at 11:32 am to
Beautiful. I purchased puts in DJX, SPY and QQQ all for February and March expirations, based on a correction due to it's time for a correction, and due to the next debt ceiling crisis. I have all sorts of VIX spreads for Feb/March also.

Today the puts are all up, so I sold puts at lower strike for the spread.

I love volatility. This has been hugely predictable. Easy money. That doesn't happen often, but when it does, it is a beautiful day indeed.
Posted by jb4
Member since Apr 2013
12640 posts
Posted on 1/24/14 at 2:24 pm to
PWE looks like a good falling knife to catch.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 1/24/14 at 3:38 pm to
quote:

PWE looks like a good falling knife to catch.


At first glace I agree. Jan 2015 $7 calls for $1.15. Jan 2016 $7 calls for $1.45.

Enterprise value well in excess of market cap. Book value Book value of $17.83. A fairly solid balance sheet.

It sure looks like a cheap takeover candidate. I'm going to look a bit deeper.
Posted by Dr Rosenrosen
Member since May 2006
3332 posts
Posted on 1/24/14 at 4:09 pm to
Nice job today, Iowa golfer!

I like this PWE option play. Looks awfully cheap to me. I look for nat gas to spike to well over $7/unit by 2015 when exporting really begins.
This post was edited on 1/24/14 at 4:13 pm
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 1/24/14 at 11:49 pm to
In a 65 day period mid 2013:

4/15 - lost 266
5/31 - lost 208
6/5 - lost 217
6/19 - lost 206
6/20 - lost 354
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