Re: who is bailing on stocks?
[Re: second 70]
#2749614
03/06/20 04:05 PM
03/06/20 04:05 PM
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Joined: Jan 2003
Posts: 7,495 Minnesota
Hemi_Joel
OP
master
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OP
master
Joined: Jan 2003
Posts: 7,495
Minnesota
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well, I'm on this bucking bronco of a fund, my limit order hit at 12.30 for MORL. Very volatile, + pays huge dividends. I won't surprise me if it gets back into the upper 11's. Then hopefully will take a run up, but who knows? My retirement is is still on the sideline, this is just with fun money to see if I can make a good play.
[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: not_a_charger]
#2749617
03/06/20 04:25 PM
03/06/20 04:25 PM
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Joined: Jan 2005
Posts: 12,419 Kalispell Mt.
HotRodDave
I Live Here
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I Live Here
Joined: Jan 2005
Posts: 12,419
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. 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. In theory anyhow, I will have a nice sized car lot and auto repair buisness here to sell come time to retire if I keep re-investing and building it up. Or let one of my employees or sons keep running it for me after retirement.
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]
#2749669
03/06/20 07:30 PM
03/06/20 07:30 PM
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Joined: Jan 2003
Posts: 13,603 md
mopars4ever
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 13,603
md
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Re: who is bailing on stocks?
[Re: carcrazyguy]
#2749674
03/06/20 07:39 PM
03/06/20 07:39 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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Yep...got a few more shares this morning. Back to about 50% cash....sold right before closing... almost predictable right now.
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Re: who is bailing on stocks?
[Re: second 70]
#2749894
03/07/20 03:08 PM
03/07/20 03:08 PM
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Joined: Feb 2015
Posts: 2,079 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,079
CA
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Big short covering rally into close on Friday. IMO, there is more downside as there has not been that capitulating sell activity. Probably going to see some big swings either direction with the trend down for a bit longer. Also when the slope of "new" infections chart levels off, that's when things will go back to normal and the idiot monetary policy will ramp again. Get ready for zero or negative rates. When the virus thing is out of the headlines, any of the delayed activity will likely ramp into the next few quarters. As long as businesses can stay afloat with limited inventory. When you place so much of your economy and manufacturing in one location, you get risk of severe shock when the peasants can't go to work!!!
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Re: who is bailing on stocks?
[Re: second 70]
#2750257
03/08/20 08:20 PM
03/08/20 08:20 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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The 10-year Treasury yield broke below the 0.5% mark for the first time ever earlier today. It's going to be a bumpy week for the market.
"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]
#2750471
03/09/20 01:41 PM
03/09/20 01:41 PM
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Joined: Jan 2005
Posts: 12,419 Kalispell Mt.
HotRodDave
I Live Here
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I Live Here
Joined: Jan 2005
Posts: 12,419
Kalispell Mt.
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It's getting so pathetic right now in the stock market even I would get in if I had cash laying around, I would also buy oil stocks, the big players will not let this low price linger very long at all.
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: carcrazyguy]
#2750478
03/09/20 02:04 PM
03/09/20 02:04 PM
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Joined: Feb 2014
Posts: 1,710 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,710
central il.
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Man Caterpillar {CAT} looks tempting down to June 2017 low and yields almost 4 %. 13% lower today @ $105.32 might be time to place a buy with half @ $100 & half @ $95???
Wow MORL is down over 14.5% today! That's a Jan. 2016 low
Russia is trying to bankrupt US fracking companies so it can control the oil market.
Last edited by second 70; 03/09/20 02:08 PM.
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Re: who is bailing on stocks?
[Re: second 70]
#2750485
03/09/20 02:33 PM
03/09/20 02:33 PM
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Joined: Jan 2005
Posts: 12,419 Kalispell Mt.
HotRodDave
I Live Here
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I Live Here
Joined: Jan 2005
Posts: 12,419
Kalispell Mt.
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Man Caterpillar {CAT} looks tempting down to June 2017 low and yields almost 4 %. 13% lower today @ $105.32 might be time to place a buy with half @ $100 & half @ $95???
Wow MORL is down over 14.5% today! That's a Jan. 2016 low
Russia is trying to bankrupt US fracking companies so it can control the oil market. They tried that a few years ago, good old fashioned american ingenuity kicked in and we fingered out how to do it even cheaper.
I am not causing global warming, I am just trying to hold off a impending Ice Age!
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