Talking Stocks 2.0

[patrickjb]

I’m holding for a long time.

That said, I’m getting seasick. Trying not to look for the time being.

[walds11]

Originally Posted by patrickjb

I’m holding for a long time.

That said, I’m getting seasick. Trying not to look for the time being.

Same here.

Yep, just don’t look, read the news, or read this thread

[m j b]

I too was surprised at the knee jerk reaction to the press conference. I suspect more volatility in the market, and will play it where possible.

That said, we will eventually come out of this, and I need to find a good entry point. Points.

[beshannon]

Originally Posted by m j b

I too was surprised at the knee jerk reaction to the press conference. I suspect more volatility in the market, and will play it where possible.

That said, we will eventually come out of this, and I need to find a good entry point. Points.

I agree.

Fundamentally little have changed and certainly not for the better. I believe we are going lower and I am holding cash waiting for better entry points from my shopping list. Apple closing all worldwide stores (except China) through March 27th will have massive ripples.

I have also hedged with SQQQ, the triple short S&P etf and will add more on Monday

News over the weekend will tell us what the open will look like on Monday

[Naples09]

Originally Posted by m j b

I too was surprised at the knee jerk reaction to the press conference. I suspect more volatility in the market, and will play it where possible.

That said, we will eventually come out of this, and I need to find a good entry point. Points.

Felt and looked like a lot of short covering at the close before the weekend, no?

[beshannon]

Originally Posted by Naples09

Felt and looked like a lot of short covering at the close before the weekend, no?

Yes

Having said that I would not be surprised to see the shorts back on Monday

[blacklisted917]

Just subscribing to this thread, I'm surprised by the market bouncing back on Friday and certainly echo the opinions above that we haven't seen the floor yet.

With that said, I'll be slowly reinvesting into the market come next week. Sitting on cash that was slated for real estate... but I don't think we'll see a better buying opportunity for quite some time.

[Tha Baron]

Originally Posted by beshannon

Yes

Having said that I would not be surprised to see the shorts back on Monday

Monday for sure... I could not buy SPY puts fast enough during the late run up Friday.

[Kowaco]

With all that’s gone on this weekend I expect the market back down Monday


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[Naples09]

Originally Posted by beshannon

Yes

Having said that I would not be surprised to see the shorts back on Monday

Thanks! I've enjoyed reading your insights during the last few weeks. Wish I could take advantage of the swings - but my investments are very restricted due to my work.

[m j b]

Originally Posted by Kowaco

With all that’s gone on this weekend I expect the market back down on Monday.

I concur. I almost bought puts Friday, but held back when I saw the Market going back up.

I'll do options or leveraged etfs for a few hours, but I don't like holding anything overnight these days, and especially not over the weekend.

[Kowaco]

I don’t remember the exact number but in 2008 as the markets started to crumble I read an article and it said the market could fall to 6000 at the time it was probably 12000 and I remember showing people the prediction and we all thought it could never fall in half. What concerns me is that it triggers other defaults that I don’t know are connected. Most of my money is in tracking funds so it may take awhile to recover. I did move about a third into cash before it really fell but of course now the question is when to put it back in. Someone posted an article showing that recoveries are taking longer and longer. My son suggested Boeing could go bankrupt and my thought was no way,but some of the big investment firms that went bankrupt in 2008 couldn’t have been imagined either. I agree about hanging on over the weekends can be scary, so even declaring a state of emergency is no a quick fix. These posts are interesting because they are more connected to the people on the street rather than the noise of the media


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[fsprow]

Probably an unwanted notion, but numerous academic studies, peer reviewed, have shown that trying to time the market does not result in improved returns, just the contrary. Certainly, traders can make advantageous decisions in the short term, but very rarely are successful long-term.

To succeed one needs to have three things in mind. You need to sell at the correct point, buy at the correct point and recognize that missing big market moves up (which are often very quick) damages ones portfolio. Impossible on a continued basis.

[m j b]

I was talking to a friend at work about a stock. "How far could it fall?" he asked.

"To zero."

[superdog]

Originally Posted by m j b

I was talking to a friend at work about a stock. "How far could it fall?" he asked.

"To zero."

If that happens, none of it matters anymore anyway.

It will be mob rule, and survival of the fittest will take on real meaning again.

[GB-man]

Originally Posted by m j b

I was talking to a friend at work about a stock. "How far could it fall?" he asked.

"To zero."

Many don't understand exactly how the market works even though its so basic in its underlying principals.

I can't tell you how many people I have talked to that don't realize you have to find a buyer in order to sell your position. People think you just click sell at whatever price is on the ticker and god buys it from you

[beshannon]

Originally Posted by GB-man

Many don't understand exactly how the market works even though its so basic in its underlying principals.

I can't tell you how many people I have talked to that don't realize you have to find a buyer in order to sell your position. People think you just click sell at whatever price is on the ticker and god buys it from you

Exactly

[beshannon]

Originally Posted by Naples09

Thanks! I've enjoyed reading your insights during the last few weeks. Wish I could take advantage of the swings - but my investments are very restricted due to my work.

Thanks, I just try to help

[gnuyork]

Originally Posted by GB-man

I can't tell you how many people I have talked to that don't realize you have to find a buyer in order to sell your position. People think you just click sell at whatever price is on the ticker and god buys it from you

Right, when I was just starting out I bought a penny stock and one day it hit over 1000%. I thought holy f*%$, I'm rich!! I immediately was thinking about quitting my job, and the 2nd thing I did was call my FA and he set the record straight for me. Needless to say, I didn't quit my job.

[Jona]

I checked the market value of my annuity yesterday and it is down 25%. However, the guaranteed annual withdrawal amount (GAWA) is locked in and will still increase at the contracted 7%/year in 2020 and 2021 on the anniversary date. I will have to take the RMD in Q4 of 2021, but can take up to 5%/year if I desire. It has turned out to be a good deal for me as at age 70 I am not inclined to ride out the markets.

[maximus1]

I'm doing some comparisons of the S&P inverse 2X SDS and 3X SQQQ .

The overall returns are basically the same while the 2X has less risk.

Is the QQQ overvalued?

[SMD]

In a crisis, everything has a beta of 1.0.

[MSchu]

.25% get buying!

[walds11]

Originally Posted by MSchu

.25% get buying!

Yep, caught the news on CNN.

Buy at the open and then up up and away...?

[bryan13]

Interest rate cut the other week created a 10 minute rally and then we closed well below where we were before the rate cut. The fed is out of ammo now. Not looking good.

[maximus1]

S&P futures down 3%

[superdog]

Stand fast folks.

This too shall pass.

Courage is not the absence of fear. Courage is standing fast in the face of fear.

[np2016]

The fed action of $700 billion of QE and rate cut to almost 0% tonight because of the Wuhan virus will give the market a floor even though trading will be volatile initially. Anyone with money on the sidelines should slowly add to their positions of solid blue chip companies, with low balance sheet debt, and high growth. Markets will recover back to all time highs by summer and more retail and hedge fund money will be put into the market because money market accounts will pay pennies.

[kieselguhr]

Originally Posted by superdog

Stand fast folks.

This too shall pass.

Courage is not the absence of fear. Courage is standing fast in the face of fear.

Doing this and picking up more at last years prices

[m j b]

Originally Posted by bryan13

Interest rate cut the other week created a 10 minute rally and then we closed well below where we were before the rate cut. The fed is out of ammo now. Not looking good.

Originally Posted by maximus1

S&P futures down 3%

Originally Posted by np2016

Anyone with money on the sidelines should slowly add to their positions of solid blue chip companies, with low balance sheet debt, and high growth.

I concur, mostly.

The futures are down right now as noted, and this Fed move, to me, smells of desperation.

I will be buying, but slowly, and trying my best to play the volatility. Stores are getting cleaned out because people are panicking - I suspect as more business have reduced operations and lower sales, this will be reflected in the market.

You can take what I said and with $4 more you can have a cup of coffee.