ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
|
28 February 2020, 06:55 AM | #1 |
"TRF" Member
Join Date: Jul 2013
Location: us
Posts: 3,264
|
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 |
28 February 2020, 06:59 AM | #2 | |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Quote:
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, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
|
23 October 2020, 10:56 AM | #3 | |
"TRF" Member
Join Date: Jun 2015
Location: Los Angeles
Posts: 64
|
Talking Stocks 2.0
Quote:
I bought my first stock on the 20th. I listened to wise people like you and went conservative. If I had huge balls and didn’t have wise people in my life I’d be sitting real pretty (assuming we recover completely). Anyway, did I do good? :) Also, someone waaaaay smarter than me told me to go all in on VOO and not look at it for 30 years. I split between SPY and VOO with the obligatory airlines and tech on the side. I got some MGM and a ton of DIS too. Anyway, I wish I can trade all the BS stock for some more SPY and VOO and just really not look at it anymore. At least I got in at the bottom. I’m not complaining. Although that slight half point drop the first day made me learn really fast what trading is about. Sent from my iPhone using Tapatalk |
|
28 February 2020, 07:00 AM | #4 |
"TRF" Member
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 |
28 February 2020, 07:05 AM | #5 | |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Quote:
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, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
|
22 January 2021, 10:30 PM | #6 |
Banned
Join Date: Nov 2019
Location: United States
Posts: 65
|
|
28 February 2020, 07:12 AM | #7 |
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...
|
28 February 2020, 07:13 AM | #8 |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,681
|
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) |
28 February 2020, 07:15 AM | #9 | |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Quote:
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
|
28 February 2020, 07:15 AM | #10 |
"TRF" Member
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,309
|
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 (341–270 BC) |
28 February 2020, 07:17 AM | #11 |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Set your limits and stops accordingly, likely to be more margin calls tomorrow
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
28 February 2020, 07:21 AM | #12 |
"TRF" Member
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,309
|
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 (341–270 BC) |
28 February 2020, 07:23 AM | #13 |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Sounds like you have a plan!
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
28 February 2020, 11:16 PM | #14 |
Banned
Join Date: May 2014
Real Name: John
Location: La Jolla, CA
Watch: Platona
Posts: 12,194
|
This is precisely my plan. I am a dividend investor. So when a dividend stock drops enough that the dividend yield becomes high, I buy.
|
28 February 2020, 11:26 PM | #15 |
"TRF" Member
Join Date: Dec 2019
Location: Boston
Posts: 1,206
|
Solid. Especially as the returns on cash are so low right now. If it is a fundamentally good company with a strong outlook post virus, stock price fluctuations should no matter in the long term, but your cash on cash returns will matter.
|
28 February 2020, 11:27 PM | #16 | |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Quote:
Several energy stocks are dangerously close to not being able to cover and will have to cut.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
|
29 February 2020, 04:06 AM | #17 |
"TRF" Member
Join Date: Jun 2017
Location: Odorious Onion
Watch: yes, it's hipster
Posts: 1,568
|
Yep. OXLC is my benefactor.
__________________
Here come dat boi Jerry |
1 June 2023, 07:17 AM | #18 |
Banned
Join Date: Aug 2011
Location: FL
Watch: Omega Seamaster
Posts: 81
|
Sounds like a good plan worthy of emulation
|
28 February 2020, 07:19 AM | #19 |
"TRF" Member
Join Date: Oct 2018
Real Name: Matthew
Location: Tulsa, OK, USA
Posts: 1,906
|
What a slaughterhouse.
__________________
|Rolex Submariner 114060|Rolex Datejust 126234 silver dial| |Tudor Heritage Chrono 70330B| |Grand Seiko SBGT021 day-date quartz| |
28 February 2020, 07:27 AM | #20 |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,681
|
I just checked my 5 day loss total.
I should not have done that... I had a colonoscopy/endoscopy today, but I’m 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) |
28 February 2020, 07:44 AM | #21 |
"TRF" Member
Join Date: Jul 2007
Real Name: Mike
Location: Virginia, US
Watch: SD 16600
Posts: 4,309
|
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 (341–270 BC) |
28 February 2020, 07:50 AM | #22 | |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,681
|
Quote:
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) |
|
28 February 2020, 09:36 AM | #23 | |
"TRF" Member
Join Date: Jan 2010
Real Name: John
Location: Denver
Posts: 2,294
|
Quote:
__________________
Watches! |
|
28 February 2020, 07:25 AM | #24 |
Banned
Join Date: May 2012
Real Name: CJ
Location: Kashyyyk
Watch: Kessel Run Chrono
Posts: 21,113
|
Frozen concentrated orange futures people. FCOF!!!
Everyones gonna drink it in quarantine. |
28 February 2020, 07:25 AM | #25 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Nov 2010
Location: In the air
Posts: 678
|
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.
|
28 February 2020, 07:28 AM | #26 |
"TRF" Member
Join Date: Dec 2011
Location: Marietta, GA
Posts: 3,247
|
|
28 February 2020, 07:29 AM | #27 |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Well it went a bit off track
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
28 February 2020, 07:31 AM | #28 |
"TRF" Member
Join Date: Dec 2011
Location: Marietta, GA
Posts: 3,247
|
|
28 February 2020, 07:58 AM | #29 |
2024 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 73,577
|
It’s a healthy correction IMO. Basically markets are giving back what they earned for the year (10% or so). Just my
|
28 February 2020, 08:03 AM | #30 | |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
Quote:
That is what worries me.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
|
Currently Active Users Viewing This Thread: 2 (0 members and 2 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.