The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 28 February 2020, 06:55 AM   #1
austinp
"TRF" Member
 
austinp's Avatar
 
Join Date: Jul 2013
Location: us
Posts: 2,917
Talking Stocks 2.0

I think I'm going to do a little buying tomorrow afternoon. Who's with me???

Sent from my SM-G935P using Tapatalk
austinp is offline   Reply With Quote
Old 28 February 2020, 06:59 AM   #2
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by austinp View Post
I think I'm going to do a little buying tomorrow afternoon. Who's with me???

Sent from my SM-G935P using Tapatalk
No, I am honing my shopping list but I will wait.

I do not want to hold over the weekend, too risky for me. The data is moving too fast. I would rather miss a bit off the bottom rather than catch a falling chainsaw.

Support being taken out everywhere, people are counting on a Fed rate cut which will do nothing to help. VIX closing at 37.48, I am looking for 38+ to signal a panic sell. S&P did not hold 3000, Dow down over 3000 this week. Volume is light and A/D line was only 8-1 on the down side. Not enough capitulation yet.

There is more down side IMHO.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 07:00 AM   #3
sokoloka
"TRF" Member
 
sokoloka's Avatar
 
Join Date: Oct 2017
Real Name: Eric
Location: San Diego
Watch: Audemars Piguet
Posts: 1,547
Amen. What some people view as trying to catch a falling knife I see as dollar cost averaging. All depends on your time horizon but I'm long and strong for the foreseeable future.
__________________
Instagram: @rough.af
sokoloka is offline   Reply With Quote
Old 28 February 2020, 07:05 AM   #4
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by sokoloka View Post
Amen. What some people view as trying to catch a falling knife I see as dollar cost averaging. All depends on your time horizon but I'm long and strong for the foreseeable future.
I agree. Every persons risk tolerance and time horizon is different. Everyone should react accordingly.

Personally I am preserving gains and looking for short term trades at this point as this is going to be a tough year based on the comps.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 07:12 AM   #5
mcnealstash
Banned
 
Join Date: Oct 2019
Location: USA
Watch: 116610LN, 116500LN
Posts: 111
I'd be careful on making any quick plays back in. S&P is over correction territory now, looking to close around -12% over the past week. It was looking to rebound earlier in the day but things slid even further in the afternoon. Is the virus a significant enough event to cause a full on bear market for an extended period of time? Given that it looks like the world is still kind of at the tip of the iceberg with it, I think I'll be patient for the time being...
mcnealstash is offline   Reply With Quote
Old 28 February 2020, 07:13 AM   #6
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 23,767
I’m not buying tomorrow. Agree that I’d rather not let the data over the weekend build.

I think I’m waiting until the dust settles.

Im in no rush, and I’m not looking to get rich via the stock market. Slow and steady long term. So an extra few days, weeks or even months while things settle down won’t mean much at all in the grand scheme.

Truly, I hope the bleeding stops tho. The last few days have been super painful.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 28 February 2020, 07:15 AM   #7
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by superdog View Post
Iím not buying tomorrow. Agree that Iíd rather not let the data over the weekend build.

I think Iím waiting until the dust settles.

Im in no rush, and Iím not looking to get rich via the stock market. Slow and steady long term. So an extra few days, weeks or even months while things settle down wonít mean much at all in the grand scheme.

Truly, I hope the bleeding stops tho. The last few days have been super painful.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 07:15 AM   #8
Letsgodiving
"TRF" Member
 
Letsgodiving's Avatar
 
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,274
If tomorrow is similar to today I may do a little nibbling and begin my catching the proverbial knife but also I will hold them for years if not decades so I will take my lumps as the slide continues.
__________________
The fool, with all his other faults, has this also - he is always getting ready to live. - Epicurus (341Ė270 BC)
Letsgodiving is offline   Reply With Quote
Old 28 February 2020, 07:17 AM   #9
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by Letsgodiving View Post
If tomorrow is similar to today I may do a little nibbling and begin my catching the proverbial knife but also I will hold them for years if not decades so I will take my lumps as the slide continues.
Set your limits and stops accordingly, likely to be more margin calls tomorrow
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 07:19 AM   #10
mgsooner
"TRF" Member
 
mgsooner's Avatar
 
Join Date: Oct 2018
Real Name: Matthew
Location: Tulsa, OK, USA
Posts: 1,731
What a slaughterhouse.
__________________
|Rolex Explorer 214270 Mk2|Rolex Submariner 114060|
|Omega Seamaster Professional 2531.80|Omega Seamaster Aqua Terra GoodPlanet|
|Grand Seiko SBGW279|IWC Mark XV Spitfire|

https://www.instagram.com/ticking_and_grinning/
mgsooner is offline   Reply With Quote
Old 28 February 2020, 07:21 AM   #11
Letsgodiving
"TRF" Member
 
Letsgodiving's Avatar
 
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,274
Quote:
Originally Posted by beshannon View Post
Set your limits and stops accordingly, likely to be more margin calls tomorrow
I'm a buy and holder so I am looking out years and not concerned about the near term or even the next couple of years. I am being patient so no large moves at this time but I plan to continue buying on the way down and then hold on for the ride.
__________________
The fool, with all his other faults, has this also - he is always getting ready to live. - Epicurus (341Ė270 BC)
Letsgodiving is offline   Reply With Quote
Old 28 February 2020, 07:23 AM   #12
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by Letsgodiving View Post
I'm a buy and holder so I am looking out years and not concerned about the near term or even the next couple of years. I am being patient so no large moves at this time but I plan to continue buying on the way down and then hold on for the ride.
Sounds like you have a plan!
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 07:25 AM   #13
Chewbacca
2023 Pledge Member
 
Chewbacca's Avatar
 
Join Date: May 2012
Real Name: CJ
Location: Kashyyyk
Watch: Kessel Run Chrono
Posts: 19,691
Frozen concentrated orange futures people. FCOF!!!

Everyones gonna drink it in quarantine.
Attached Images
File Type: jpg EHK5ZXNVUAECwvk.jpg (43.3 KB, 5103 views)
Chewbacca is offline   Reply With Quote
Old 28 February 2020, 07:25 AM   #14
avidflyer
"TRF" Member
 
Join Date: Nov 2010
Location: In the air
Posts: 585
I bought a ton end of day yesterday a lot...got killed today. Got greedy and thought we’d have a goood bounce...I think tomorrow will be another bad day...Friday’s on a bad week, people will be running for the hills....I got greedy...shouldn’t of. As they say pigs get fat hogs get slaughtered.
avidflyer is offline   Reply With Quote
Old 28 February 2020, 07:27 AM   #15
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 23,767
Quote:
Originally Posted by mgsooner View Post
What a slaughterhouse.
I just checked my 5 day loss total.

I should not have done that...

I had a colonoscopy/endoscopy today, but Iím opening up a bottle of wine anyway.

Yes, long term. But still...ouch.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 28 February 2020, 07:28 AM   #16
gnuyork
"TRF" Member
 
Join Date: Dec 2011
Location: Marietta, GA
Posts: 3,226
Quote:
Originally Posted by austinp View Post
I think I'm going to do a little buying tomorrow afternoon. Who's with me???

Sent from my SM-G935P using Tapatalk
Definitely not, yet.

Why is this a new thread, just curious. Don't we already have a stock/trading thread?
gnuyork is offline   Reply With Quote
Old 28 February 2020, 07:29 AM   #17
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by gnuyork View Post
Definitely not, yet.

Why is this a new thread, just curious. Don't we already have a stock/trading thread.
Well it went a bit off track
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 07:31 AM   #18
gnuyork
"TRF" Member
 
Join Date: Dec 2011
Location: Marietta, GA
Posts: 3,226
Quote:
Originally Posted by beshannon View Post
Well it went a bit off track
Ah.
gnuyork is offline   Reply With Quote
Old 28 February 2020, 07:44 AM   #19
Letsgodiving
"TRF" Member
 
Letsgodiving's Avatar
 
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,274
Quote:
Originally Posted by superdog View Post
I just checked my 5 day loss total.

I should not have done that...

I had a colonoscopy/endoscopy today, but Iím opening up a bottle of wine anyway.

Yes, long term. But still...ouch.
I know some people refuse to look at their accounts when we have weeks like this but unfortunately I'm not one of them either. Reminds me of 2008-09 when some were saying the entire world economy could collapse but ended up being a great opportunity for those able to weather the storm. This thing could just be getting started so I'm bracing myself for prolonged pain.
__________________
The fool, with all his other faults, has this also - he is always getting ready to live. - Epicurus (341Ė270 BC)
Letsgodiving is offline   Reply With Quote
Old 28 February 2020, 07:50 AM   #20
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 23,767
Quote:
Originally Posted by Letsgodiving View Post
I know some people refuse to look at their accounts when we have weeks like this but unfortunately I'm not one of them either. Reminds me of 2008-09 when some were saying the entire world economy could collapse but ended up being a great opportunity for those able to weather the storm. This thing could just be getting started so I'm bracing myself for prolonged pain.
I’m kind of right there with you. And I’m prepared to weather this storm. I didn’t have any money in 2008, but I’ve been preparing for this ever since. Anything that’s invested, will stay that way. So ultimately it’s not a loss just yet.

So I’m good for a time, and I do expect this to be prolonged. Which along with everyone else is my fear.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 28 February 2020, 07:58 AM   #21
brandrea
2023 Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 63,626
It’s a healthy correction IMO. Basically markets are giving back what they earned for the year (10% or so). Just my
brandrea is offline   Reply With Quote
Old 28 February 2020, 08:03 AM   #22
beshannon
2023 Pledge Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,659
Quote:
Originally Posted by brandrea View Post
Itís a healthy correction IMO. Basically markets are giving back what they earned for the year (10% or so). Just my
While I don't disagree, we are on the edge of this getting far worse.

That is what worries me.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Omega Aqua Terra 150, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is offline   Reply With Quote
Old 28 February 2020, 08:03 AM   #23
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 23,767
Quote:
Originally Posted by brandrea View Post
Itís a healthy correction IMO. Basically markets are giving back what they earned for the year (10% or so). Just my
Definitely a valid theory.

And I am hoping you right. I am certain we all are.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 28 February 2020, 08:12 AM   #24
Kyle3130
"TRF" Member
 
Kyle3130's Avatar
 
Join Date: Aug 2013
Real Name: Kyle
Location: TX/OK
Watch: 214270 MKII
Posts: 1,874
It's just the law of averages. I have a very long investment horizon ahead of me so I will let my automatic investments buy at whatever price it is that day. In 40 years, it should be worth more regardless of the purchase price.
__________________
Kyle3130 is offline   Reply With Quote
Old 28 February 2020, 08:18 AM   #25
MrBlahBlah
"TRF" Member
 
Join Date: Apr 2016
Real Name: Tom
Location: New York
Posts: 186
I've been on the sidelines for a little while now.....

Bought some yesterday
bought some today
May buy more tomorrow

deploying my dry powder like 20% at a time. Of course this is with "investable" money and not going into reserves.
MrBlahBlah is offline   Reply With Quote
Old 28 February 2020, 08:18 AM   #26
Letsgodiving
"TRF" Member
 
Letsgodiving's Avatar
 
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,274
I believe the 2000 dot com collapse was close to a 50% decline for the S&P and the 08-09 great recession was a little over 50%. Having been through both of them I am not anxious for another but I learned long ago that I can not time the market so I just buy and hold and have faith in the American economy for the long term. What is the alternative?
__________________
The fool, with all his other faults, has this also - he is always getting ready to live. - Epicurus (341Ė270 BC)
Letsgodiving is offline   Reply With Quote
Old 28 February 2020, 08:20 AM   #27
MrBlahBlah
"TRF" Member
 
Join Date: Apr 2016
Real Name: Tom
Location: New York
Posts: 186
Quote:
Originally Posted by beshannon View Post
While I don't disagree, we are on the edge of this getting far worse.

That is what worries me.
it could put the kibosh on earnings for a few quarters, and then things could recover, putting this at a 1-1.5 year cycle.

Funny thing is two weeks ago the markets were shrugging this whole thing off. and now it's freakinggggg out. Which creates opportunity, particularly for those longer term investors (1 yr +)
MrBlahBlah is offline   Reply With Quote
Old 28 February 2020, 09:36 AM   #28
jschmidtdmd
"TRF" Member
 
Join Date: Jan 2010
Real Name: John
Location: Denver
Posts: 2,294
Quote:
Originally Posted by superdog View Post
Iím kind of right there with you. And Iím prepared to weather this storm. I didnít have any money in 2008, but Iíve been preparing for this ever since. Anything thatís invested, will stay that way. So ultimately itís not a loss just yet.

So Iím good for a time, and I do expect this to be prolonged. Which along with everyone else is my fear.
exactly......just wait it out. Long Term is key. We aren't day traders.
__________________
Watches!
jschmidtdmd is offline   Reply With Quote
Old 28 February 2020, 09:52 AM   #29
BroncoOne
"TRF" Member
 
Join Date: Dec 2019
Location: Boston
Posts: 906
Just my opinion: If you hold a stock(s), remember the investment thesis for why you invested in it. If that thesis is still sound (e.g. solid cash flow, good results quarter after quarter, increases its dividend regularly, has a competitive moat, etc-whatever you scale of value is to you) stay steady and keep to your plan if you are a longer term investor. If the company's business is sound and you can add to your position with a good price, consider it carefully.

Trying to time valleys and peaks in the market is not generally a winning strategy. Just speculating is much more risky that actual investing.
BroncoOne is offline   Reply With Quote
Old 28 February 2020, 09:55 AM   #30
singe89
"TRF" Member
 
singe89's Avatar
 
Join Date: Oct 2011
Real Name: Jim
Location: Orange County, CA
Watch: Rolex, AP & Patek
Posts: 3,678
My cash is still on the sidelines for now.
singe89 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DavidSW Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2023, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.