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3
Posted on 4/7/20 at 9:37 am to LSUFrosty
I’m on the buy the dips philosophy until we get back to work as a country.
I’m very tempted to try to buy low and sell high as we ride the waves the next few week but I can’t bring myself to risk it
I’m very tempted to try to buy low and sell high as we ride the waves the next few week but I can’t bring myself to risk it
This post was edited on 4/7/20 at 9:38 am
Posted on 4/7/20 at 9:44 am to LSUFrosty
quote:
This is your warning! Now that I'm officially supporting the climb, get ready for a big drop.
damn, you were right. 
Posted on 4/7/20 at 9:51 am to Bamadoc
Dude, FML. It's uncanny how I can always decide when to buy and it peaks, and when I capitulate, it starts climbing back.
My BA call buy yesterday was the outlier. Unloaded that this morning for a tidy profit.
My BA call buy yesterday was the outlier. Unloaded that this morning for a tidy profit.
Posted on 4/7/20 at 9:54 am to LSUFrosty
It’s shaking out weak hands who just jumped on the bandwagon.
IF it fills that gap intraday then goes on to close higher, it will be very supportive of higher prices for the next couple of days.
IF it fills that gap intraday then goes on to close higher, it will be very supportive of higher prices for the next couple of days.
Posted on 4/7/20 at 10:06 am to Kraut Dawg
quote:
I've been sitting on $200k in cash from a house sale for a year, so I'm watching this thing very closely.
Just curious, if you believe ( you may not) that the market will recover at some point in the future, what are you waiting for? Timing this market does not seem feasible, not that it ever was in the first place.
Posted on 4/7/20 at 10:19 am to rickgrimes
There's still a lof of economic damage on the back end of this that we do not currently have a grasp of. Of course, Powell could just fire up the money printers again and make it all go away artificially but everything was affected and some of the damage will lag and not show up for months potentially.
Posted on 4/7/20 at 10:26 am to stout
But at this point isn't a lot of that already baked-in?
We all know 1Q profits are going to suck, but the way this market is working, and with so much government intervention, it may not matter on a broad scale. Look at the horrible unemployment numbers-the markets didn't even blink and went up.
We all know 1Q profits are going to suck, but the way this market is working, and with so much government intervention, it may not matter on a broad scale. Look at the horrible unemployment numbers-the markets didn't even blink and went up.
This post was edited on 4/7/20 at 10:27 am
Posted on 4/7/20 at 10:27 am to buffbraz
quote:
Timing this market does not seem feasible, not that it ever was in the first place.
I beg to differ...some people are very profitable timing this market.
Posted on 4/7/20 at 10:35 am to buffbraz
Timing it EXACTLY is not feasible. Timing it “close enough” to maximize profits and limit losses, is very doable. But it is not something you are going to learn to do overnight.
Posted on 4/7/20 at 10:36 am to Janky
quote:
The market is looking way ahead of what is happening now.
You sure about that? The market wasnt looking way ahead in mid february when this shite was already known to be spreading around the world. The market wasnt even looking a week ahead.
Im not a supporter of “the market is always right” tenet. The market appears to be wrong quite often from my view.
Posted on 4/7/20 at 10:37 am to Tigers4life
quote:
I beg to differ...some people are very profitable timing this market.
I wish you luck. I prefer to continue investing according to our long term plan and enjoy buying our shares cheaper than usual. We are long term, stay the course investors. Intraday trading I’m sure is completely different.
Posted on 4/7/20 at 10:38 am to DownSouthJukin
quote:
But at this point isn't a lot of that already baked-in?
highly doubtful but that is debatable, i suppose
the economic impact of coronavirus is being wildly underestimated right now imo
Posted on 4/7/20 at 10:45 am to Lgrnwd
Took me a few years to become consistently profitable but it was well worth it in the end if that's your thing.
Posted on 4/7/20 at 10:50 am to DownSouthJukin
quote:
But at this point isn't a lot of that already baked-in?
S and P is near early 2019 levels. At that time did we have buybacks taken off the table, dividend cuts, potential sector specific bankruptcies, and known revenue risk at unknown levels? Nothing is “baked in” because no one knows or can quantify the numbers on how this plays out over the next 2 years. Example: can you tell me what new orleans tourism demand will be in 9 months as a percentage of what it was? Even if the shutdowns end... do people feel comfotable spending money on a trip? Eating out? Etc. and do they feel as liberal about the cash in their wallet as they did in 2019? Can all of those nola restaurants stay open without downsizing staff?
So many questions with zero answers. I mean zero. No one has the answers to this... not day traders or hedge fund managers. Movements happening now in the market is sheer speculation, hope, and technical based trading. There are no fundamentals in the market right now until we start getting some data in.
Posted on 4/7/20 at 10:51 am to DownSouthJukin
quote:
But at this point isn't a lot of that already baked-in?
A lot of unknowns on how people are going to react once this thing ends. Will some people avoid traveling and eating in restaurants less? Possibly. I can only be cautiously optimistic.
Posted on 4/7/20 at 10:53 am to rotrain
indeed, and not to get all sociologist on here, but if ~70% of Americans do not have $1k saved to prepare for an emergency, that is a systematic failure.
i don't think anyone can speculate what the new normal might be, which is why it is hard for me to be "all-in" when there is so much uncertainty ahead
i don't think anyone can speculate what the new normal might be, which is why it is hard for me to be "all-in" when there is so much uncertainty ahead
Posted on 4/7/20 at 11:01 am to DownSouthJukin
quote:
But at this point isn't a lot of that already baked-in?
How can they "bake in" the unknown?
Posted on 4/7/20 at 11:04 am to stout
quote:
How can they "bake in" the unknown?
Bc it “buys the rumor” and “sells the news.”
This post was edited on 4/7/20 at 11:05 am
Posted on 4/7/20 at 11:08 am to rotrain
quote:
Nothing is “baked in” because no one knows or can quantify the numbers on how this plays out over the next 2 years. Example: can you tell me what new orleans tourism demand will be in 9 months as a percentage of what it was? Even if the shutdowns end... do people feel comfotable spending money on a trip? Eating out? Etc. and do they feel as liberal about the cash in their wallet as they did in 2019? Can all of those nola restaurants stay open without downsizing staff?
you are talking about the economy.
must different scenario among the various investment markets
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