ChemEngr79 Posted March 18, 2020 Report Share Posted March 18, 2020 I am starting to wonder if this bear will claim all 9 cat lives on the way down... Link to post Share on other sites More sharing options...
Jamalisms Posted March 18, 2020 Report Share Posted March 18, 2020 The country is going to basically shut down for multiple months. What do you think will happen? Starkiller 1 Link to post Share on other sites More sharing options...
abenjami Posted March 18, 2020 Author Report Share Posted March 18, 2020 I think at some point they will shut down the market. Today they were talking about moving to less trading hours per day. Link to post Share on other sites More sharing options...
Starkiller Posted March 18, 2020 Report Share Posted March 18, 2020 Tanking again today. Link to post Share on other sites More sharing options...
abenjami Posted March 18, 2020 Author Report Share Posted March 18, 2020 15 minutes away from a big boom hopefully!!! Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted March 18, 2020 Report Share Posted March 18, 2020 I'd kinda expect a retest of the lows sometime soon. See if that holds. Link to post Share on other sites More sharing options...
abenjami Posted March 18, 2020 Author Report Share Posted March 18, 2020 19 minutes ago, OilerTitanHybrid said: I'd kinda expect a retest of the lows sometime soon. See if that holds. Yup. That's the big question right now. Are we going to hold around 20k or are we falling to another level. Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted March 18, 2020 Report Share Posted March 18, 2020 Ok then gents. Retest of the lows (and actually a new low of SPX 2367) complete! This area is where the rubber meets the road! BUYBUYBUY! Link to post Share on other sites More sharing options...
abenjami Posted March 18, 2020 Author Report Share Posted March 18, 2020 1 hour ago, OilerTitanHybrid said: Ok then gents. Retest of the lows (and actually a new low of SPX 2367) complete! This area is where the rubber meets the road! BUYBUYBUY! You might have spoke too soon... Link to post Share on other sites More sharing options...
ChemEngr79 Posted March 18, 2020 Report Share Posted March 18, 2020 Bottom falling out right now... Might be time to nibble later this afternoon... Link to post Share on other sites More sharing options...
abenjami Posted March 18, 2020 Author Report Share Posted March 18, 2020 13 minutes ago, ChemEngr79 said: Bottom falling out right now... Might be time to nibble later this afternoon... I made some nibbles just for fun today. BTW, things have reached the point where this strategy was officially a success. It took longer than I expected but it still worked. I am very close to even on what I sold and I avoided big losses by holding cash instead of investing 4 years of retirement plan contributions into an inflated market. I was just watching Bloomberg TV and heard a great quote from a market analyst. He said everyone has gotten too used to buying high and selling higher....and that real traders are still buying low and selling high. pat, and OILERMAN 2 Link to post Share on other sites More sharing options...
ChemEngr79 Posted March 18, 2020 Report Share Posted March 18, 2020 (edited) 1 hour ago, abenjami said: I made some nibbles just for fun today. BTW, things have reached the point where this strategy was officially a success. It took longer than I expected but it still worked. I am very close to even on what I sold and I avoided big losses by holding cash instead of investing 4 years of retirement plan contributions into an inflated market. I was just watching Bloomberg TV and heard a great quote from a market analyst. He said everyone has gotten too used to buying high and selling higher....and that real traders are still buying low and selling high. Understood. I moved everything into a stable value fund at Dow = ~25000 back in Feb 18. I have bought back in 20% so far to lock in a gains of 30% verses holding on that portion...now waiting to buy in another 20% at closer to 40% gain vs holding... I am in for the long haul, so I am not trying to target specific companies or hit buying in on the very bottom...I am just trying to avoid the worst of the crash eroding my principal and buy back in a reasonable levels. So far so good, but things are absolutely unpredictable right now... Edited March 18, 2020 by ChemEngr79 abenjami, and pat 1 1 Link to post Share on other sites More sharing options...
abenjami Posted March 18, 2020 Author Report Share Posted March 18, 2020 2 minutes ago, ChemEngr79 said: Understood. I moved everything into a stable value fund at Dow = ~25000 back in Feb 18. I have bought back in 20% so far to lock in a gains of 30% verses holding on that portion...now waiting to buy in another 20% at closer to 40% gain vs holding... Take a few shots just for fun. We don't get to experience this type of a market very often. Buy something in the tank at a low cost. I bought some UAL today. It's down 80% from January. The government isn't going to let the major airlines fold. They will get bailed out. Even if it doesn't, the current price is almost 2x book value. This is something that could return 3-4x in the next year. Link to post Share on other sites More sharing options...
OILERMAN Posted March 18, 2020 Report Share Posted March 18, 2020 21 minutes ago, abenjami said: I made some nibbles just for fun today. BTW, things have reached the point where this strategy was officially a success. It took longer than I expected but it still worked. I am very close to even on what I sold and I avoided big losses by holding cash instead of investing 4 years of retirement plan contributions into an inflated market. I was just watching Bloomberg TV and heard a great quote from a market analyst. He said everyone has gotten too used to buying high and selling higher....and that real traders are still buying low and selling high. Reading your OP this def did not work OilerTitanHybrid 1 Link to post Share on other sites More sharing options...
ChemEngr79 Posted March 18, 2020 Report Share Posted March 18, 2020 (edited) 10 minutes ago, abenjami said: Take a few shots just for fun. We don't get to experience this type of a market very often. Buy something in the tank at a low cost. I bought some UAL today. It's down 80% from January. The government isn't going to let the major airlines fold. They will get bailed out. Even if it doesn't, the current price is almost 2x book value. This is something that could return 3-4x in the next year. The Airlines might get bailed out...but ask the GM shareholders how they ended up in 09...I seem to recall them getting hosed... Edited March 18, 2020 by ChemEngr79 Link to post Share on other sites More sharing options...
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