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What is everyone’s plan next week?

Posted on 3/28/20 at 6:52 pm
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 3/28/20 at 6:52 pm
Personally I see major volatility the next 4-6 weeks or longer. Lots of money to be made if you can stomach the ride. GL!
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 3/28/20 at 7:01 pm to
Looking to load up on SAVE, JETS, LAMR, SYY, and PLNT on the next dip. Made about 40% on those last week. Those are the "swing" trades i'm planning on making. Going to load up the boat and go all in on Vanguard ETF's (maxing out my HELOC if the opportunity is good enough) if the market drops 30-40% from current levels over the next few weeeks.
Posted by tigerfan4120
Member since Dec 2003
3262 posts
Posted on 3/28/20 at 7:08 pm to
That’s ballsy with the HELOC. What kind of rate does a heloc have?
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 3/28/20 at 7:13 pm to
quote:

if the market drops 30-40% from current levels over the next few weeeks.


Ouch! I’m not sure we are ready for that ride. Last week we ended down 20%, from the high. A drop of 50-60% from the high will have people jumping from windows.
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 3/28/20 at 7:15 pm to
Just under 4% right now.
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
5236 posts
Posted on 3/28/20 at 7:51 pm to
I feel pretty certain that we'll test the lows and I'm ready to go shopping when it happens. If we go lower than the recent lows I'm saving some money for those levels as well.

I know all this volatility is hard for some to stomach but I personally love it. It's fun to trade and also buy low on some longer term holdings. People get jittery when they look at their 401k's but they need to remember that every time they get paid they're buying at these levels as well so when we breakout to the high side they'll be glad all this happened.
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 3/28/20 at 8:17 pm to
As someone smarter than me once said

HKRS

YAYO
Posted by cptigger
Nola
Member since Jun 2005
1488 posts
Posted on 3/28/20 at 8:18 pm to
quote:

. People get jittery when they look at their 401k's but they need to remember that every time they get paid they're buying at these levels as well so when we breakout to the high side they'll be glad all this happened.


Unless you maxed out your 401k in January FML.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 3/28/20 at 8:54 pm to
quote:

A drop of 50-60% from the high will have people jumping from windows.


Stock market trivia:

Researchers have never been able to find even a single verifiable case of a stock broker jumping out of a window or any other type of suicide by a Wall St broker during the crash of 1929. The one recorded death that was found was a heart attack.
Posted by DownSouthJukin
Coaching Changes Board
Member since Jan 2014
27248 posts
Posted on 3/28/20 at 10:17 pm to
quote:

HKRS

YAYO



Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 3/28/20 at 11:13 pm to
Do the opposite of whatever your gut tells you
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 3/28/20 at 11:41 pm to
Do not buy any O&G stocks (E&P, OFS, Midstream) and if you own any, other than the majors, sell at first light. Oil is going to tank hard next week.
Posted by Jjdoc
Cali
Member since Mar 2016
53468 posts
Posted on 3/29/20 at 1:04 am to
I will hold my money for huge swings down (1000ish point drops) and conintue to buy stocks and funds that have a divi.

More USA, LOAN, NRZ....MSFT...etc. And those will be long term holds.

So when it goes up, I'm not selling. Then wait for the next drop.

Posted by JJJrich
Member since Oct 2010
533 posts
Posted on 3/29/20 at 1:12 am to
Yolo on SPY puts
Posted by Georgia Sooner 745
Member since Jan 2019
152 posts
Posted on 3/29/20 at 10:20 am to
S&P 500 implied move is 8% next week. The volatility definitely isn’t over.
Posted by notiger1997
Metairie
Member since May 2009
58123 posts
Posted on 3/29/20 at 10:23 am to
quote:

Oil is going to tank hard next week.




I'm not doubting you at all, but what makes you say that?
Posted by 632627
LA
Member since Dec 2011
12757 posts
Posted on 3/29/20 at 12:55 pm to
quote:



I'm not doubting you at all, but what makes you say that?


I haven’t been checking the news this weekend so wondering the same myself
Posted by Sput
Member since Mar 2020
7921 posts
Posted on 3/29/20 at 1:13 pm to
quote:

I'm not doubting you at all, but what makes you say that?


Folks are just throwing shite against the wall and see what sticks.
Posted by Lsutiger2424
Member since Dec 2016
989 posts
Posted on 3/29/20 at 1:54 pm to
Qgen possibly
Posted by Ruxins Rascals
Middle of Da Bayou
Member since Nov 2018
537 posts
Posted on 3/29/20 at 2:58 pm to
They are trying to "talk things into reality"
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