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Started By
Message
9:03 AM
Posted on 2/28/20 at 9:04 am
Posted on 2/28/20 at 9:04 am
Stock market down 1000.
What the hell are these traders doing?
What the hell are these traders doing?
10
Posted on 2/28/20 at 9:05 am to BuckyCheese
Using the media to drive panic over Coronavirus to drive selloffs to make a killing by swooping in for the cheap buys.
ETA: Oh, and the short sellers are having a massive circle jerk right now too.
ETA: Oh, and the short sellers are having a massive circle jerk right now too.
This post was edited on 2/28/20 at 9:06 am
Posted on 2/28/20 at 9:06 am to BuckyCheese
Ahhh. It'll be OK.
This is a buying opportunity.
This is a buying opportunity.
Posted on 2/28/20 at 9:07 am to BuckyCheese
Wall St. has already sold. They are waiting patiently for main street to finish selling off, then they will buy back in.
Posted on 2/28/20 at 9:08 am to BuckyCheese
quote:
What the hell are these traders doing?
What traders?
They used to have 5 trading floors at the NYSE. They now have 1. It's almost all computer driven (with programmed trades based upon certain occurrences).
Pretty sure "coronavirus" "continues" and "spread" are in the current algorithm, which makes it easy for the media to trigger the selloffs.
This post was edited on 2/28/20 at 9:09 am
Posted on 2/28/20 at 9:10 am to gatorsimz
quote:
Wall St. has already sold. They are waiting patiently for main street to finish selling off, then they will buy back in.
I ain't selling.
It's really been moving around. Saw it go from -1069 to -840 in 2 minutes.
This post was edited on 2/28/20 at 9:11 am
Posted on 2/28/20 at 9:11 am to BuckyCheese
quote:
What the hell are these traders doing?
Having coffee; the machines took over 4 days ago
Posted on 2/28/20 at 9:13 am to BuckyCheese
Is it possible there is some cyber attack going on in the stock market?
Posted on 2/28/20 at 9:14 am to mightyMick
quote:
Is it possible there is some cyber attack going on in the stock market?
If there was a cyber attack they'd drop it more than just 1000
Posted on 2/28/20 at 9:16 am to Champagne
quote:
This is a buying opportunity.
That's what I heard on Monday from the geniuses on this board. Should have waited.
Posted on 2/28/20 at 9:16 am to LSUconvert
It has dropped already over 4,000 this week.
Posted on 2/28/20 at 9:17 am to mightyMick
quote:
this week.
Don't you think someone would've figured out a cyber attack in a week? C'mon bud.
Posted on 2/28/20 at 9:18 am to BuckyCheese
quote:Making a LOT of money since they make their money on trading volume.
What the hell are these traders doing?
Posted on 2/28/20 at 9:21 am to Bokke
quote:Retard, that was a buying opportunity. Nobody can reliably call the bottom so you buy the dips. The entire week has been a buying opportunity.
That's what I heard on Monday from the geniuses on this board. Should have waited
Posted on 2/28/20 at 9:25 am to LSURussian
quote:
What the hell are these traders doing?
Making a LOT of money since they make their money on trading volume.
True
Posted on 2/28/20 at 9:27 am to BuckyCheese
The stock market is the vehicle by which the patient extract wealth from the impatient.
Posted on 2/28/20 at 9:28 am to Centinel
quote:
ETA: Oh, and the short sellers are having a massive circle jerk right now too.
A co-worker is up around $1,200 today from shorting the shite out of stuff yesterday.
If no big fear-hype stories come out over the weekend I fully expect to see a small rebound as investors dip their toes in to check the temperature and then a fricking frenzy of buying on Tuesday. However, if we see a spike in the death toll or the Pope dies over the weekend (or maybe even if it's just confirmed he has COVID-19), expect more shorting opportunities next week.
Posted on 2/28/20 at 9:32 am to Centinel
I hope my fund managers have been selling and sitting on the cash and will know when to pop back in.
Posted on 2/28/20 at 9:36 am to BuckyCheese
It's fine - the timing is actually pretty good for Trump's reelection this fall IMO.
We know the legit range is 29K and whenever things start resuming to normal we'll be on our way back up (guaranteed) without interruption.
We know the legit range is 29K and whenever things start resuming to normal we'll be on our way back up (guaranteed) without interruption.
This post was edited on 2/28/20 at 9:38 am
Posted on 2/28/20 at 10:03 am to BuckyCheese
quote:
BuckyCheese 9:03 AM Stock market down 1000.
What the hell are these traders doing?
One of two things is going to happen. The COVID19 panic runs it's course and over time life returns to normal, or we all gonna die. Now to answer your question about what are the traders doing? Some are legit preserving gains, some are adding to the panic, others are clueless but they all hope the average investor sells so they can buy on the crash.
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