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Old 27 February 2020, 02:01 AM   #1441
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Not trying to be flippant or callous but in the long run this Coronavirus is going to make patient investors a lot of money.
historically, please can make money in a good market.

but people can create real wealth in a bad market.
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Old 27 February 2020, 03:24 AM   #1442
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historically, please can make money in a good market.

but people can create real wealth in a bad market.
As long as markets move there is money to be made. This trading bounce today was another great sell opportunity. Technicals are wrecked, bond yields are spiking, funds are going to start seeing redemptions, margin calls were ugly yesterday . . .

Perfectly happy to hold cash at this point
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Old 27 February 2020, 03:48 AM   #1443
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As long as markets move there is money to be made. This trading bounce today was another great sell opportunity. Technicals are wrecked, bond yields are spiking, funds are going to start seeing redemptions, margin calls were ugly yesterday . . .

Perfectly happy to hold cash at this point
Iím following your lead brother.

Canít imagine the margin calls and the havoc they created.

Iíve heard stories of investors with billion dollar losses. Heck, Elon Musk is light by the tune of 4 billion today.

Personally, it appeared values were out of control anyway. I think the only way I deploy more cash is when it stabilizes.
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Old 27 February 2020, 03:55 AM   #1444
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Personally, it appeared values were out of control anyway. I think the only way I deploy more cash is when it stabilizes.
I agree
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Old 27 February 2020, 07:31 AM   #1445
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3:34 pm: 83 New York residents placed in self-quarantine after returning from China
Nassau County health officials said that they have placed 83 Americans in self-quarantine after returning to New York from China amid concerns they were exposed to the new coronavirus. The Centers for Disease Control and Prevention notified local officials that a plane was carrying Nassau County residents with “potential exposure” to the virus, Health Commissioner for Nassau County Dr. Lawrence Eisenstein told reporters. Potential exposure, in this case, means that they had traveled to China in the past 14 days. —Feuer
https://www.cnbc.com/2020/02/26/coro...t-updates.html

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Microsoft warns it will miss guidance for segment that includes Windows because of coronavirus
https://www.cnbc.com/2020/02/26/micr...ronavirus.html

Anyone still want to buy the dip?
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Old 27 February 2020, 10:42 AM   #1446
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As long as markets move there is money to be made. This trading bounce today was another great sell opportunity. Technicals are wrecked, bond yields are spiking, funds are going to start seeing redemptions, margin calls were ugly yesterday . . .

Perfectly happy to hold cash at this point
Bond yields are spiking? I think you mean prices.
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Old 27 February 2020, 10:43 AM   #1447
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I am dollar cost averaging down in retirement accounts and my kids 529 plans, none of which I am touching for more than 15 years.
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Old 27 February 2020, 11:49 AM   #1448
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Bond yields are spiking? I think you mean prices.
Correct, I was thinking spiking to the downside, near another inversion
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Old 27 February 2020, 11:49 AM   #1449
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I am dollar cost averaging down in retirement accounts and my kids 529 plans, none of which I am touching for more than 15 years.
That is not "buying the dip". People buying yesterday and this morning hoping for a V shaped recovery.

Futures down 230 at the moment for tomorrow
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Old 27 February 2020, 12:00 PM   #1450
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My day trading account just went from all time high to 29% haircut within the past 5 trading sessions. 15% are realized losses after getting greedy trading SPCE and going for one last trade, and the other 14% are declines in value of positions in QQQ, VTI, ROKU, TSLA, MSFT, and PANW. My plan is to lay off the day trading, slowly add to the ETF positions (not individual stocks), ignore the markets, bag hold for however many years necessary until my positions are well in the money, and at that point start selling out of the money covered calls for premium every week to help make up for lost time.

Being relatively new to short term trading, what I'm quickly learning is true is that while it is very possible to beat the market by a wide margin, time in the market provides better peace of mind. There's a reason why successful investors like Peter Lynch, Burton Malkiel, Warren Buffet etc. advocate longer term buy and hold strategies.

Found the following article which I thought would be of interest to many on this forum: "How the stock market has performed during past viral outbreaks, as coronavirus spreads to Italy and Iran"

https://www.marketwatch.com/story/he...ads-2020-01-22
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Old 27 February 2020, 10:41 PM   #1451
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10 year 1.29% new record low this morning
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Old 27 February 2020, 10:59 PM   #1452
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Buckle down fellas!
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Old 27 February 2020, 11:19 PM   #1453
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Buckle down fellas!
Futures down 400, 98% of stock now below their 10 day moving average

Zero economic growth for the US being priced in by Goldman

Bad open for a Thursday, no one will want to hold over the weekend so expect a huge washout by tomorrow close.
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Old 27 February 2020, 11:20 PM   #1454
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If you didnít already position for correction then youíll want a 6-point safety harness on your desk chair. Iím looking at over-reaction in US markets like we saw after 9|11.

Canít fault the frantic sellers trying to cover bad positions - itís their money if they want to lose it. But the algoís are whipsawing each other.




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Old 27 February 2020, 11:21 PM   #1455
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Originally Posted by beshannon View Post
Futures down 400, 98% of stock now below their 10 day moving average



Zero economic growth for the US being priced in by Goldman



Bad open for a Thursday, no one will want to hold over the weekend so expect a huge washout by tomorrow close.


I would assume the same but one thing Iíve learned is Iím almost always wrong on big short term directional trades so Iíll just watch.
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Old 27 February 2020, 11:33 PM   #1456
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I would assume the same but one thing Iíve learned is Iím almost always wrong on big short term directional trades so Iíll just watch.
Agreed, too late to sell. Going to do some hedging this morning

Just got this off Twitter

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Just off the phone with a large hedge fund mgr who says, in his opinion, the market is screaming that it doesnít believe the Administration is anywhere near ready to deal with this, including doubts about the appointment of VP Pence as point man.
I have no political position or leanings. Take this for what it says. The markets have no confidence which is very, very bad for sentiment.
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Old 27 February 2020, 11:42 PM   #1457
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Sadly I also thought it was a terrible appointment for point man on the matter but par for the course unfortunately. I wanted to say so in the other thread what is being said here, if you think itís poli capital think again. The market says otherwise in a big way.

I believe people here are just focusing on the market so hopefully nobody takes offense to that statement.
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Old 27 February 2020, 11:42 PM   #1458
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Nearing retirement I moved 25% of my portfolio out of equities and into bonds last year. Currently my asset allocation is 50/25/25 so I'm well positioned to take advantage of this correction but I think this will get considerably worse before it gets better so I'm being patient. It looks like there may be a drip, drip of negative news/developments for the next few weeks/months so buckle up.
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Old 27 February 2020, 11:49 PM   #1459
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Nearing retirement I moved 25% of my portfolio out of equities and into bonds last year. Currently my asset allocation is 50/25/25 so I'm well positioned to take advantage of this correction but I think this will get considerably worse before it gets better so I'm being patient. It looks like there may be a drip, drip of negative news/developments for the next few weeks/months so buckle up.
I am in the same position and am trying to protect capital
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Old 28 February 2020, 12:23 AM   #1460
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That is not "buying the dip". People buying yesterday and this morning hoping for a V shaped recovery.

Futures down 230 at the moment for tomorrow
Sort of. Instead of one year in the 529 I will be doing 5 years up front, and spreading out the purchases over the next 9 months. Not trying to catch a falling knife, but most certainly amping up my purchases from my usual buy in every day philosophy.
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Old 28 February 2020, 12:38 AM   #1461
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Lets keep the political commentary out of this thread please.
Amen to that
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Old 28 February 2020, 01:04 AM   #1462
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Yep, I just sold all my positions before market this morning, well almost all... Was tough decision, I don't want to pay capital gains on long term holdings... but at this point it's not looking good, so I'll continue to watch and buy back in when the coast is looking clearer.
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Old 28 February 2020, 01:07 AM   #1463
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So, two stocks that I've been watching lately are HRTX (recommended here in this thread, and I've got a decent position in it) which I still think will do well, long-term, and VIR, which is another biotech, but this one is developing an antiviral drug for the coronavirus. It was up big time a few weeks ago, then fell back into the teens, then up 60% yesterday (yes, you read that right) and another 70% earlier this morning. Crazy.

Fortunately I have more cash than stocks, so I'm going to start buying real, steady companies soon. Like Exxon, GM, companies like that with real products, real dividends that may not be high-flyers, and also try to focus a bit more on recession-resistant companies like pharmaceuticals, utilities, beer. LOL

BTW, before you follow any of my recommendations, read back through this thread to see how incredibly consistently wrong I am. More LOL (as I cry in my coffee).
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