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Today is looking like a bad day in stocks

Posted on 12/17/24 at 7:38 am
Posted by tigerbacon
Arkansas
Member since Aug 2010
4473 posts
Posted on 12/17/24 at 7:38 am
May the odds ever be in your favor today. Pre market not looking pretty
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
4257 posts
Posted on 12/17/24 at 7:49 am to
Meh. Not much different than other down days.
Posted by tigerbacon
Arkansas
Member since Aug 2010
4473 posts
Posted on 12/17/24 at 7:51 am to
I do have some stocks that hedge on down days. Lets hope they can make me positive for the day
Posted by jefforize
Member since Feb 2008
45667 posts
Posted on 12/17/24 at 7:54 am to
Good. I’ve been waiting for better entries
Posted by MikelArteta
Your mother's
Member since Apr 2024
77 posts
Posted on 12/17/24 at 8:00 am to
just buy more. no need to fear monger the stock market lol. it goes up and down remember!
Posted by DaBeerz
Member since Sep 2004
18291 posts
Posted on 12/17/24 at 8:08 am to
guess I will keep holding for years again today
Posted by Popths
Baton Rouge
Member since Aug 2016
4396 posts
Posted on 12/17/24 at 8:09 am to
I don’t get overly excited or depressed either way. Not like I’m fixing to get out.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1797 posts
Posted on 12/17/24 at 8:09 am to
The market is barely down at all... If you know it's going to be bad based on what you've seen so far you should short it. A lot of meat on that bone based on this set up!
Posted by notiger1997
Metairie
Member since May 2009
61266 posts
Posted on 12/17/24 at 8:09 am to
What is so special about today?
Posted by tigerbacon
Arkansas
Member since Aug 2010
4473 posts
Posted on 12/17/24 at 8:13 am to
One plus today is the day I buy stocks for the week. And yes I know down days happen. I just like to be in green every day. Who doesn't
Posted by tigerfoot
Alexandria
Member since Sep 2006
60637 posts
Posted on 12/17/24 at 8:13 am to
I am up so much since Nov there is no rhought that I may not have to give some back, it is just numbers on a screen for the next 5 years for me at this point.
Posted by SlidellCajun
Slidell la
Member since May 2019
15918 posts
Posted on 12/17/24 at 8:29 am to
This time of year brings an element of selling that we don’t see at other periods. Tax harvesting selling. It’s why you see more selling pressure on stocks that have had a bad year.

If you have a loser, now is time to sell it to get the tax benefit of the loss. Add that to some other economic pressures that might be relevant and December can be an ugly month

Fwiw- this type of selling can present good opportunities in companies stocks that get unfairly oversold

This post was edited on 12/17/24 at 9:39 am
Posted by tigerfoot
Alexandria
Member since Sep 2006
60637 posts
Posted on 12/17/24 at 8:36 am to
quote:

Tax harvesting selling.
Im trying to decide on some of this this morning as well.
Posted by auisssa
Member since Feb 2010
4614 posts
Posted on 12/17/24 at 8:46 am to
I'm green
Posted by tigerbacon
Arkansas
Member since Aug 2010
4473 posts
Posted on 12/17/24 at 8:49 am to
nice. Im down 0.15% but at 8:35 I was down 1%. Was able to change that already today
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2343 posts
Posted on 12/17/24 at 9:32 am to
Bad day? This doesn’t even qualify as a pimple on the arse of a true bad day.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
24824 posts
Posted on 12/17/24 at 9:54 am to
By Tuesday (12/10) of last week, I was down $20,000 from my all time high of the Friday (12/6) before.

Yesterday I finished up with a new all time high of $4,000 more than the last one on 12/6

What am I supposed to worry about again, I got lost
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
24824 posts
Posted on 12/17/24 at 9:57 am to
quote:

What is so special about today?


AVGO is giving back some gains, down 5% today. That is the only one impacting me at scale. However, it is still a just a little up from last week

Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57834 posts
Posted on 12/17/24 at 10:11 am to
It depends on what you're in. I'm only down .27% today and only 5% off my high for the year.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40200 posts
Posted on 12/17/24 at 10:29 am to
SPY is down .3% lmao
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