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Started By
Message
Tough day for the Market!
Posted on 3/22/18 at 3:10 pm
Posted on 3/22/18 at 3:10 pm
OUCH!
7
Posted on 3/22/18 at 3:15 pm to Moots
Great day for my puts
Posted on 3/22/18 at 3:17 pm to Moots
Posted on 3/22/18 at 3:19 pm to stout
So...MU didn't really work out
Posted on 3/22/18 at 3:21 pm to LSURussian
quote:
Predicted yesterday
Yes you did...Nice call!
Posted on 3/22/18 at 3:22 pm to stout
What did you end up doing with your MU options. Assuming you obviously got out before the call.
Posted on 3/22/18 at 3:35 pm to leoj
Not all of them. I have 6 contracts that don't expire until 5-18 I held onto. I have time on them and Im still up a little.
Posted on 3/22/18 at 3:36 pm to YoungManOldMan
MU will be fine.
Posted on 3/22/18 at 3:47 pm to LSURussian
So what’s your guess for the longer run of things this year? Pre-cursor to recession? Or buying opportunity?
Personally I think this is buying opp. S&P earnings projections are pointing towards us being pretty undervalued right now.
Personally I think this is buying opp. S&P earnings projections are pointing towards us being pretty undervalued right now.
Posted on 3/22/18 at 3:50 pm to Moots
Me watching SPY today:
This post was edited on 3/22/18 at 3:52 pm
Posted on 3/22/18 at 3:53 pm to Shepherd88
I think 6 months from now many of us will be kicking ourselves for not buying more. I bought more today. (BAC)
Posted on 3/22/18 at 4:00 pm to LSURussian
Do you like BAC over JPM?
Posted on 3/22/18 at 4:05 pm to GREENHEAD22
I own both.
Posted on 3/22/18 at 4:10 pm to Moots
I like RED.
JPM end of yr S&P forecast is 3000.
JPM end of yr S&P forecast is 3000.
Posted on 3/22/18 at 4:11 pm to LSURussian
So if deciding between the two you would pick which? 
They are equal so just go with BAC bc of the cheaper share price?
They are equal so just go with BAC bc of the cheaper share price?
Posted on 3/22/18 at 4:15 pm to TxTiger82
quote:
Me watching SPY today:
And here is the typical retail investor today....
Posted on 3/22/18 at 4:21 pm to LSURussian
No sir. We sit on the beach and drink. We don't get in the water.
Posted on 3/22/18 at 4:26 pm to GREENHEAD22
quote:If it tells you anything I own about 30% more JPM shares than BAC shares which equals about 250% more in market value.
So if deciding between the two you would pick which?
Also, I've owned JPM for years and I just bought BAC today.
I added BAC because banks' earnings generally improve in a gradual rising rate environment which we are definitely in now. I didn't want to add to JPM just because of concentration risk and I sure won't buy Wells Fargo any time soon, so BAC was the logical addition.
I bought BAC when it went down 2% this morning which means I have about a 2% loss in it at the close of trading.
This post was edited on 3/22/18 at 4:35 pm
Posted on 3/22/18 at 4:28 pm to Moots
We'll test the previous low tomorrow. Will be interesting to see if the market forms a double bottom.
Posted on 3/22/18 at 4:30 pm to Jyrdis
quote:Which previous low?
We'll test the previous low tomorrow.
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