Re: who is bailing on stocks?
[Re: Mr T2U]
#2748840
03/04/20 09:15 AM
03/04/20 09:15 AM
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Joined: Dec 2007
Posts: 20,039 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: 20,039
Puttin' on the foil in Charles...
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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. Agreed. A token gesture to appease the uninformed and ignorant, nothing more.
Earning every penny of that moderator paycheck.
DBAP
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Re: who is bailing on stocks?
[Re: not_a_charger]
#2748880
03/04/20 10:38 AM
03/04/20 10:38 AM
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Joined: Dec 2003
Posts: 22,742 Bitopia
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,742
Bitopia
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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. Agreed. A token gesture to appease the uninformed and ignorant, nothing more. It also sends a message that the Dow Jones is more important then the emergency room, if you are sick. Kinda like the cable company reducing late fees if you are an infected area?
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
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Re: who is bailing on stocks?
[Re: carcrazyguy]
#2748927
03/04/20 01:35 PM
03/04/20 01:35 PM
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Joined: Feb 2014
Posts: 1,715 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,715
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. 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. It is beat up and just on Feb 24 they kept the dividend for shares held owned thru 3-21-2020. Never know for sure but they seem to be dedicated to keep it. Just bough veggie brand. Here's a couple more I'm trying to get some more of but so far they haven't come down. Slack tech. symbol WORK bought @ $20 in Jan. just not enough Lol And store capital symbol STOR trying to get more around $31 which would be around 10% lower. Hope to see the real fear selling & panic kick in and drive the SP down to around 2480-2500 will be a 20% off sale. Be patient!
Last edited by second 70; 03/04/20 02:03 PM.
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Re: who is bailing on stocks?
[Re: krautrock]
#2748990
03/04/20 04:35 PM
03/04/20 04:35 PM
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Joined: Nov 2010
Posts: 3,696 jersey
Spaceman Spiff
master
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master
Joined: Nov 2010
Posts: 3,696
jersey
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and wow, a fed rate cut and the market is still sliding down... And it’s up over 1,000 points now....
526 cubes of angry wedge, pushbutton shifted, 9 passenger killer!
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Re: who is bailing on stocks?
[Re: Nukechargerboy]
#2749180
03/05/20 09:29 AM
03/05/20 09:29 AM
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Joined: Dec 2003
Posts: 22,742 Bitopia
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,742
Bitopia
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Closed up 1173 at 27,090, Nasdaq up 334 to 9018. The news says Biden, I would say the feds move yesterday had something to do with it. As long as housing stays strong, no worries. Housing and the economy are what to watch, not building or selling omes, market goes to safe harbors. So for a week we have told the market decline was due to a coming virus and its effect on business. Now yesterdays rocket recovery is based the surprising results of one candidate in the polls who supports health/insurance market status quo. Nobody should be deluded into thinking who the market is really looking out for.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
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Re: who is bailing on stocks?
[Re: jcc]
#2749193
03/05/20 09:56 AM
03/05/20 09:56 AM
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Joined: Feb 2005
Posts: 20,203 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,203
PA.
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Another big down day opening coming today. At least that’s what the premarket are showing
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: carcrazyguy]
#2749327
03/05/20 04:58 PM
03/05/20 04:58 PM
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Joined: Aug 2003
Posts: 43,317 Bend,OR USA
Cab_Burge
I Win
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I Win
Joined: Aug 2003
Posts: 43,317
Bend,OR USA
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I got out and went to cash and back into CD on Monday, I had stated that on my post that got scrub. I had 10% loss as my get out cut off #, now I'll wait for 90 days and see what happens and decide then to get back in or stay out some more. I hope all on here haven't got hurt to bad
Last edited by Cab_Burge; 03/05/20 04:59 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: carcrazyguy]
#2749328
03/05/20 05:00 PM
03/05/20 05:00 PM
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Joined: Dec 2003
Posts: 22,742 Bitopia
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,742
Bitopia
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I personally think that this is a 3-4 month issue. Similar to a flu season. I may be way off but what other similar issue has been a long term discussion? We have had bird flu, swine flu and West Nile virus. All of those were panic situations that lasted a few months and then the fear subsided.
But there is now one great difference, but no one here is allowed to discuss it, just sayin.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
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Re: who is bailing on stocks?
[Re: Hemi_Joel]
#2749446
03/05/20 10:40 PM
03/05/20 10:40 PM
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Joined: Jan 2005
Posts: 12,424 Kalispell Mt.
HotRodDave
I Live Here
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I Live Here
Joined: Jan 2005
Posts: 12,424
Kalispell Mt.
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I would rather invest in myself than stocks, I can buy a truck with a blown up engine at the auction for say $5000, stick in an engine for $2500 and sell the same truck for $12,000 so that's where my money goes. Average time for me to flip one is less than 6 months, the more cars I buy the more I have on the lot the more money I make, can't make those kinds of returns in the stock market on a regular basis.
I am not causing global warming, I am just trying to hold off a impending Ice Age!
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Re: who is bailing on stocks?
[Re: HotRodDave]
#2749463
03/05/20 11:38 PM
03/05/20 11:38 PM
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Joined: Jan 2003
Posts: 7,498 Minnesota
Hemi_Joel
OP
master
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OP
master
Joined: Jan 2003
Posts: 7,498
Minnesota
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I would rather invest in myself than stocks, I can buy a truck with a blown up engine at the auction for say $5000, stick in an engine for $2500 and sell the same truck for $12,000 so that's where my money goes. Average time for me to flip one is less than 6 months, the more cars I buy the more I have on the lot the more money I make, can't make those kinds of returns in the stock market on a regular basis. That's great, I love flipping stuff for a buck as well. But that's work/business, not investing. Investing is using your capital to make money off of other people's work.
[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: HotRodDave]
#2749496
03/06/20 07:50 AM
03/06/20 07:50 AM
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Joined: Dec 2007
Posts: 20,039 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: 20,039
Puttin' on the foil in Charles...
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I would rather invest in myself than stocks, I can buy a truck with a blown up engine at the auction for say $5000, stick in an engine for $2500 and sell the same truck for $12,000 so that's where my money goes. Average time for me to flip one is less than 6 months, the more cars I buy the more I have on the lot the more money I make, can't make those kinds of returns in the stock market on a regular basis. If you're doing that for spending/hobby cash, that's great. If you're doing that as a long term financial plan, you'll have to work at least 3 years after you die before you can retire.
Earning every penny of that moderator paycheck.
DBAP
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Re: who is bailing on stocks?
[Re: carcrazyguy]
#2749538
03/06/20 12:11 PM
03/06/20 12:11 PM
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Joined: Feb 2014
Posts: 1,715 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,715
central il.
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I personally think that this is a 3-4 month issue. Similar to a flu season. I may be way off but what other similar issue has been a long term discussion? We have had bird flu, swine flu and West Nile virus. All of those were panic situations that lasted a few months and then the fear subsided.
I bought some of my Visa shares back today at 187.10. Would like to get more under 185 and will load up more under 180 and go all in at 173.50 with a stop loss (completely exit) at 171.87. Looks like you got more if you had a limit order today's low so far is $180.20
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Re: who is bailing on stocks?
[Re: carcrazyguy]
#2749591
03/06/20 02:49 PM
03/06/20 02:49 PM
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Joined: Jan 2003
Posts: 7,498 Minnesota
Hemi_Joel
OP
master
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OP
master
Joined: Jan 2003
Posts: 7,498
Minnesota
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I'm still on the side line, but will take a very small position in MORL if it gets under 12.25 again. Just for fun.
[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: Hemi_Joel]
#2749600
03/06/20 03:22 PM
03/06/20 03:22 PM
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Joined: Feb 2014
Posts: 1,715 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,715
central il.
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I'm still on the side line, but will take a very small position in MORL if it gets under 12.25 again. Just for fun. Joel it was down as low as $12.19 today
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