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Attn: Board conservatives. Major buying opportunity today

Posted on 2/24/20 at 8:21 am
Posted by CleverUserName
Member since Oct 2016
12507 posts
Posted on 2/24/20 at 8:21 am
Sorry libs. Since surely you give most of your excess money away, this post isn’t for you

Dow set to open down 750 to 850 points at last check. Get that money in the market today.

I’ve placed an injunction on my limit of small cap stocks in January and have been buying the frick out of natural gas producer stocks this winter because of the bottomed out price of nat gas. I’m moving some more money over to buy more and any other bargains today. I feel like I’m going to the thrift store.

Posted by BuckyCheese
Member since Jan 2015
48792 posts
Posted on 2/24/20 at 8:22 am to
Likelihood of me taking investing advice on the PT?

Zero
Posted by EllisD
Member since Feb 2009
888 posts
Posted on 2/24/20 at 8:23 am to
Posted by HempHead
Big Sky Country
Member since Mar 2011
55438 posts
Posted on 2/24/20 at 8:24 am to
quote:

Likelihood of me taking investing advice on the PT?



If you'd have been around circa 2011 and listened to WikiTiger, you'd be a bitcoin millionaire now.
Posted by funnystuff
Member since Nov 2012
8322 posts
Posted on 2/24/20 at 8:28 am to
Eh, we might still have further to go before this thing bottoms out. Coronovirus is still in the acceleration phase in most countries outside of China, so I suspect this thing will get worse before it gets better.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105376 posts
Posted on 2/24/20 at 8:44 am to
quote:

If you'd have been around circa 2011 and listened to WikiTiger, you'd be a bitcoin millionaire now.




Truth
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29134 posts
Posted on 2/24/20 at 8:47 am to
quote:

Attn: Board conservatives



So..uh....basically everybody?
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35361 posts
Posted on 2/24/20 at 9:01 am to
I might hold steady for a day or two. No need to abandon ship but the DOW is due for a decent correction in the 2000 point range.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11068 posts
Posted on 2/24/20 at 9:04 am to
LMAO you better pray for some liquidity injections if you're not buying metals and treasuries today
Posted by KCT
Psalm 23:5
Member since Feb 2010
38911 posts
Posted on 2/24/20 at 9:06 am to
quote:

Attn: Board conservatives




So..uh....basically everybody?


He didn't say "People falsely pretending to be conservative" so he wasn't including you.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98453 posts
Posted on 2/24/20 at 9:07 am to
Tossing in a few more chips today.
Posted by Ramblin Wreck
Member since Aug 2011
3898 posts
Posted on 2/24/20 at 9:19 am to
Can I give you a list of the stocks I own? Feel free to buy as many of them as you like. Figured if you are on a buying spree, you may buy enough to influence the price.
Posted by CleverUserName
Member since Oct 2016
12507 posts
Posted on 2/24/20 at 9:23 am to
quote:

LMAO you better pray for some liquidity injections if you're not buying metals and treasuries today


Same thing I heard after election 2016.

I’m not a day trader chief. If there are deals out there that can be swiped up, I buy.

Today is a buying opportunity. Hell. I bought some southwestern energy today at 1.53. It’s back to 1.60 right now. But I buy this stuff to hold even though I expect some more sell off of it later due to some profit taking.

I’ll hold this block, like the other bat gas one, until natural gas gets back deep into the 2 dollar Mcf range.
Posted by L1C4
The Ville
Member since Aug 2017
13142 posts
Posted on 2/24/20 at 9:25 am to
Who needs the stock market?
Bernie gonna take care of me.
Posted by CleverUserName
Member since Oct 2016
12507 posts
Posted on 2/24/20 at 9:26 am to
quote:

Can I give you a list of the stocks I own? Feel free to buy as many of them as you like. Figured if you are on a buying spree, you may buy enough to influence the price.


For just today or for the past year? If you are down YTD.... I can’t fathom what you have in your portfolio unless you are energy heavy.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11068 posts
Posted on 2/24/20 at 9:30 am to
quote:

Same thing I heard after election 2016.



And you saw the same thing after 3 months of tightening. More LIQUIDITY injections. WAY more than QE ever was. $400+ billion. The buy the dip crowd will some day feel really tough pain. For now, Jerome has our backs though.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98453 posts
Posted on 2/24/20 at 9:36 am to
Airlines and cruise lines taking a beating. Will definitely be an opportunity there.
Posted by CleverUserName
Member since Oct 2016
12507 posts
Posted on 2/24/20 at 9:39 am to
quote:

Airlines and cruise lines taking a beating. Will definitely be an opportunity there.


Thinking long term... airlines are also catching a break lately on one of their biggest COGS line items... fuel.
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 2/24/20 at 9:40 am to
You aint wrong

If it falls for a few more days I will be throwing back in some online online savings account money I have parked

Imagine thinking a virus that has infected less than .0001% and killed less than .000001% of people even in China is going to fundamentally alter society

Dumbfricks think that
This post was edited on 2/24/20 at 9:41 am
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98453 posts
Posted on 2/24/20 at 9:44 am to
quote:

You aint wrong If it falls for a few more days I will be throwing back in some online online savings account money I have parked Imagine thinking a virus that has infected less than .0001% and killed less than .000001% of people even in China is going to fundamentally alter society Dumbfricks think that


It's also laying bare the shortsightedness and stupidity of parking the vast majority (if not all) of your production/supply chain into one country.

Trump is right once again.

While the Dems will hope that this downturn will dent his support, people with a brain know that this is 100% out of his control (or that of his policies). If anything, he'll be able to use this as a basis for new policies to bring more production back to the USA.
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