Re: who is bailing on stocks?
[Re: second 70]
#2748293
03/02/20 01:15 PM
03/02/20 01:15 PM
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Joined: Dec 2007
Posts: 19,900 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
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Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 19,900
Puttin' on the foil in Charles...
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I'll bet if Warren Buffett isn't on a stock shopping spree, he will be shortly.
Kevin Yes. A month ago he had his biggest cash hoard ever waiting to buy “a good company with excellent management already in place” when their stock Price dropped to bargain levels. I kinda expect him to buy an east coast railroad to make BN into a truly national line. He has been purchasing a large amount of stock for awhile not surprisingly his own BRKB We thought for a while after Peter Lewis passed away that Buffet would make a run at buying us in order to consolidate Geico and Progressive to knock State Farm out of the #1 spot in auto insurance, but it never materialized. I'm glad it didn't.
Earning every penny of that moderator paycheck.
DBAP
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Re: who is bailing on stocks?
[Re: carcrazyguy]
#2748411
03/02/20 08:38 PM
03/02/20 08:38 PM
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Joined: Jan 2003
Posts: 3,122 Auburn WA
Dave_J
master
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master
Joined: Jan 2003
Posts: 3,122
Auburn WA
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Yeah with last weeks loss of over $75,000+ todays slight rebound gave back $38,000 or so. Just $0.36 a share gain.
Retired, US ARMY 1973-1994 ASE mechanic, Electrical 1994-1997 Retired GTE/VERIZON/FRONTIER 1997-2015
Posting cheap tech help (CRAP) here since Nov 97, 1000's of posts, some may be good.
03 Suzuki Burgman 650(Burger King) Scooter 65 Formula S Cuda 78 Little Red Express Truck 98 Buick Regal (wifes car)
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Re: who is bailing on stocks?
[Re: not_a_charger]
#2748501
03/03/20 09:01 AM
03/03/20 09:01 AM
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Joined: Feb 2005
Posts: 20,174 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,174
PA.
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Made a good sized chunk back yesterday. The guys that bailed out sure didn’t.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: who is bailing on stocks?
[Re: not_a_charger]
#2748502
03/03/20 09:08 AM
03/03/20 09:08 AM
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Joined: Dec 2007
Posts: 2,684 Des Moines IA
Soopernaut
master
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master
Joined: Dec 2007
Posts: 2,684
Des Moines IA
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What brokerage accounts are people using? I've been thinking of doing some more active trading than my 401K and IRA, which I haven't touched.
I keep missing out since I haven't opened an account yet and I'm holding cash. The prices are still pretty high for many stocks, but there were some really good buying opportunities in the last week and it's possible things will be volatile for a while. Oil was at its lowest point in several years but made some gains yesterday. OPEC meets Thursday and Friday so there may be more gains.
1970 Dodge d100/eventually going on a 77 D100 frame
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Re: who is bailing on stocks?
[Re: Soopernaut]
#2748546
03/03/20 12:13 PM
03/03/20 12:13 PM
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Joined: Feb 2014
Posts: 1,706 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,706
central il.
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I use Schwab no fees. BGS foods low was $12.78 Feb. 25. now $ 16.25 only a little over 27% return in a few days and the dividend is 11.73%. Owns green giant veg. A little risky Thou.
Last edited by second 70; 03/03/20 12:35 PM.
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Re: who is bailing on stocks?
[Re: second 70]
#2748569
03/03/20 01:20 PM
03/03/20 01:20 PM
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Joined: Aug 2003
Posts: 43,163 Bend,OR USA
Cab_Burge
I Win
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I Win
Joined: Aug 2003
Posts: 43,163
Bend,OR USA
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I posted on this on Sunday evening and that post is not here, I sent a E mail to Tom about this and no reply as of this morning. MODS, what was wrong with my post? Something is terribly wrong on here, I fear
Last edited by Cab_Burge; 03/03/20 01:21 PM.
Mr.Cab Racing and winning with Mopars since 1964. (Old F--t, Huh)
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Re: who is bailing on stocks?
[Re: Cab_Burge]
#2748576
03/03/20 01:30 PM
03/03/20 01:30 PM
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Joined: Feb 2005
Posts: 20,174 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,174
PA.
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I posted on this on Sunday evening and that post is not here, I sent a E mail to Tom about this and no reply as of this morning. MODS, what was wrong with my post? Something is terribly wrong on here, I fear Was it a second post on the same subject. If so that may be why.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: who is bailing on stocks?
[Re: tboomer]
#2748625
03/03/20 03:24 PM
03/03/20 03:24 PM
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Joined: Jan 2003
Posts: 7,489 Minnesota
Hemi_Joel
OP
master
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OP
master
Joined: Jan 2003
Posts: 7,489
Minnesota
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I use Etrade, no commission on equity trades, never have had any problems with executions. Mondys dead cat bounce was pretty predictable, but I'm not savy enuff, nor can I devote the time now to day trade short term moves. Wish I could!
[img]http://i.imgur.com/boeexFms.jpg[/img]31 Plymouth Coupe, 392 Hemi, T56 magnum RS23J71 RS27J77 RP23J71 RO23J71 WM21J8A I don't regret the things I've done. I only regret the things I didn't do. "Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
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Re: who is bailing on stocks?
[Re: krautrock]
#2748672
03/03/20 05:34 PM
03/03/20 05:34 PM
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Joined: Nov 2005
Posts: 1,943 San Angelo, Texas, U.S.A.
1968RR
top fuel
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top fuel
Joined: Nov 2005
Posts: 1,943
San Angelo, Texas, U.S.A.
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and wow, a fed rate cut and the market is still sliding down... ...and they can't really cut rates much more. Back in '08 the rates were much higher when the economic downturn began.
"When I'm in a slump, I comfort myself by saying if I believe in dinosaurs, then somewhere, they must be believing in me. And if they believe in me, then I can believe in me." - Mookie Wilson
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Re: who is bailing on stocks?
[Re: second 70]
#2748683
03/03/20 06:06 PM
03/03/20 06:06 PM
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Joined: Jun 2004
Posts: 9,404 Texas
carcrazyguy
master
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master
Joined: Jun 2004
Posts: 9,404
Texas
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I use Schwab no fees. BGS foods low was $12.78 Feb. 25. now $ 16.25 only a little over 27% return in a few days and the dividend is 11.73%. Owns green giant veg. A little risky Thou. Decided to dig in to that one a bit. Would not be surprised if they cut the dividend (and blame it on the virus situation). Anytime I see a dividend over 8%....raises a red flag. Then looking at the stock chart. It sure doesn’t look great on a 5 year chart. Been steadily going down hill.
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Re: who is bailing on stocks?
[Re: tboomer]
#2748789
03/03/20 11:10 PM
03/03/20 11:10 PM
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Joined: Aug 2003
Posts: 43,163 Bend,OR USA
Cab_Burge
I Win
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I Win
Joined: Aug 2003
Posts: 43,163
Bend,OR USA
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Cab....Your post turned political... How? PM me with more details please.
Mr.Cab Racing and winning with Mopars since 1964. (Old F--t, Huh)
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Re: who is bailing on stocks?
[Re: krautrock]
#2748821
03/04/20 04:47 AM
03/04/20 04:47 AM
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Joined: Feb 2015
Posts: 2,074 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,074
CA
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and wow, a fed rate cut and the market is still sliding down... Idiotic cut and not good monetary policy, but that never stopped the Federal Reserve from doing stupid stuff. These type of cuts are usually NEVER good for the markets. Fed Reserve has zero credibility and is nothing more than a puppet to prop up the markets. Keep that easing going, at some point it implodes. IMO, this mess isn't close to over. A couple traders and I spoke sunday ervening, we all called the move in the market and the fade. The cut got the same response as the late cycle round of china trade tweets. Gave back most of the gains from Monday. My guess most of mondays run was anticipatory to the rate cut.
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Re: who is bailing on stocks?
[Re: crackedback]
#2748839
03/04/20 09:10 AM
03/04/20 09:10 AM
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Joined: Apr 2005
Posts: 4,920 new berlin wisconsin
Mr T2U
master
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master
Joined: Apr 2005
Posts: 4,920
new berlin wisconsin
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i agree the rate cut was rather dumb.
the problem isn't lack of or access to $$$. the problem is the sickness will dry up the supply chain, causing shortages that will throw a wrench in the gears of progress that $$$ can't fix.
perception is 90% of reality
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