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Re: who is bailing on stocks? [Re: T2R9] #2752435
03/16/20 07:42 AM
03/16/20 07:42 AM
Joined: Apr 2005
Posts: 4,910
new berlin wisconsin
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Mr T2U Offline
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new berlin wisconsin


perception is 90% of reality
Re: who is bailing on stocks? [Re: Mr T2U] #2752455
03/16/20 09:17 AM
03/16/20 09:17 AM
Joined: Jan 2003
Posts: 6,363
Abilene, Texas
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fastmark Offline
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Abilene, Texas
What I find alarming is that everyone is selling off gold and silver. I guess to cover their loses quickly. I bought my first gold before Christmas and it’s down past that. May be time to buy more, now. Silver looks a good buy now. Of coarse, you can’t eat either one of those. Beans might be the better investment. Panic is a scary thing. I’ve got cash in the bank that I’ve been hilding off and not putting in the stock market because I knew the bubble would burst. It just can’t stay high forever. It’s been going up too fast. All it needed was this virus to start the plunge.

Re: who is bailing on stocks? [Re: fastmark] #2752468
03/16/20 10:06 AM
03/16/20 10:06 AM
Joined: May 2013
Posts: 130
Parsippany, New Jersey
340challconvert Offline
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Parsippany, New Jersey

LET’s not forget a trillion dollar deficit and climbing that is being transferred to our children!

fan


1970 A-66 340 Challenger convertible
Re: who is bailing on stocks? [Re: 340challconvert] #2752535
03/16/20 01:18 PM
03/16/20 01:18 PM
Joined: Feb 2014
Posts: 1,695
central il.
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second 70 Offline
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[quote=340challconvert]
LET’s not forget a trillion dollar deficit and climbing that is being transferred to our children!

I don't believe they ever plan to pay it. Some experts claim since we are the #1 currency in the world when we devalue with debt they follow and do the same thing keeping the status quo. They say if and only when a stronger currency comes along will it be a problem. Don't know if it's true or not but they really don't seem to care.

Re: who is bailing on stocks? [Re: second 70] #2752544
03/16/20 01:44 PM
03/16/20 01:44 PM
Joined: Jan 2007
Posts: 924
Chicago
rocksmopar Offline
super stock
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Posts: 924
Chicago

I think I'm gonna buy some more Disney stock...


Looking for affordable Cuda parts
Re: who is bailing on stocks? [Re: rocksmopar] #2752550
03/16/20 02:15 PM
03/16/20 02:15 PM
Joined: Jan 2003
Posts: 7,471
Minnesota
Hemi_Joel Offline OP
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Hemi_Joel  Offline OP
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Originally Posted by rocksmopar

I think I'm gonna buy some more Disney stock...


What do you like about DIS at this point in time?


[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"
Re: who is bailing on stocks? [Re: Hemi_Joel] #2752555
03/16/20 02:40 PM
03/16/20 02:40 PM
Joined: Jan 2005
Posts: 12,406
Kalispell Mt.
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HotRodDave Offline
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How bout charmin and angel soft stocks?


I am not causing global warming, I am just trying to hold off a impending Ice Age!



Re: who is bailing on stocks? [Re: Hemi_Joel] #2752574
03/16/20 03:58 PM
03/16/20 03:58 PM
Joined: Feb 2005
Posts: 20,116
PA.
pittsburghracer Offline
"Little"John
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PA.
Originally Posted by Hemi_Joel
Originally Posted by rocksmopar

I think I'm gonna buy some more Disney stock...


What do you like about DIS at this point in time?




I hear the lines are shorter to get on the rides but the food still suxs.


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




Re: who is bailing on stocks? [Re: fastmark] #2752594
03/16/20 05:38 PM
03/16/20 05:38 PM
Joined: Feb 2015
Posts: 2,065
CA
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crackedback Offline
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Originally Posted by fastmark
What I find alarming is that everyone is selling off gold and silver. I guess to cover their loses quickly. I bought my first gold before Christmas and it’s down past that. May be time to buy more, now. Silver looks a good buy now. Of coarse, you can’t eat either one of those. Beans might be the better investment. Panic is a scary thing. I’ve got cash in the bank that I’ve been hilding off and not putting in the stock market because I knew the bubble would burst. It just can’t stay high forever. It’s been going up too fast. All it needed was this virus to start the plunge.



Margin calls is my guess on why for gold and silver.

The issue Ii have with the huge debt loads is companies have been borrowing money for YEARS to institute stock buyback programs. IMO, that is just more crappy financial engineering that will linger for ages. Used to be that companies used retained earnings for buyback... not any more.

And the fed comes in with more horrible monetary policy in the race to zero interest rates. Idiocy... shoot all your bullets at something you can't stop or kill, genius!

Last edited by crackedback; 03/16/20 05:38 PM.
Re: who is bailing on stocks? [Re: crackedback] #2752617
03/16/20 06:38 PM
03/16/20 06:38 PM
Joined: Jan 2003
Posts: 3,122
Auburn WA
Dave_J Offline
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Auburn WA
Well I can't bail out due to IRS will take 37% right off the top of everything I've saved 45 years of working. Not counting my Roth IRA's, If I were to cash out just my Traditional IRA. I have already lost 38% on this market drop, can not compound that with another 37% tax penalty.

Todays loss was the biggest drop since 1987. I lost over $45K on my funds just today....

Last edited by Dave_J; 03/16/20 06:42 PM.

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)
Re: who is bailing on stocks? [Re: Dave_J] #2752618
03/16/20 06:47 PM
03/16/20 06:47 PM
Joined: Jan 2003
Posts: 7,471
Minnesota
Hemi_Joel Offline OP
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Minnesota
I dont know if you can do this, but I sold the stocks and moved the $ to a money market fund within my IRA. So it was a non-taxable event.


[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"
Re: who is bailing on stocks? [Re: Hemi_Joel] #2752648
03/16/20 08:08 PM
03/16/20 08:08 PM
Joined: Jun 2004
Posts: 9,404
Texas
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carcrazyguy Offline
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Texas
I am watching these prices......and there are going to be some epic opportunities once it settles down a bit. This is the “black swan” event that people have spoke about for generations. However, the American way of life, as whole will return as soon as panic subsides and a vaccine is available.

Maybe we should get a Moparts shopping list together and see what everyone else is watching?

CSCO
GOOG
MSFT
OXY since ICHAN bought 10%
BRK.B
KO
LMT


My local favorites
XEL electric company
ATO gas company

DISCLAIMER...not buying all of them but certainly watching them. Also think DIS will be a good long since there is going be a baby boom coming! I just want it much cheaper since all the parks are mothballed. Also would love AAPL at a much cheaper price. It hasn’t suffered the same haircut as the rest of the market.

Last edited by carcrazyguy; 03/16/20 08:45 PM.
Re: who is bailing on stocks? [Re: carcrazyguy] #2752707
03/16/20 11:03 PM
03/16/20 11:03 PM
Joined: Jan 2003
Posts: 7,471
Minnesota
Hemi_Joel Offline OP
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Minnesota
I like that idea, a Moparts watch list. Because I am very unsure what to get back into, let alone when.

Is anybody short selling any stocks, or buying any puts, or selling any calls. I keep thinking about it, but haven't. If I ever do, it will be a good time for everyone to go long, because I'm no good at picking short term plays... frown


[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"
Re: who is bailing on stocks? [Re: Dave_J] #2752720
03/16/20 11:54 PM
03/16/20 11:54 PM
Joined: Feb 2015
Posts: 2,065
CA
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crackedback Offline
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Originally Posted by Dave_J
Well I can't bail out due to IRS will take 37% right off the top of everything I've saved 45 years of working. Not counting my Roth IRA's, If I were to cash out just my Traditional IRA. I have already lost 38% on this market drop, can not compound that with another 37% tax penalty.

Todays loss was the biggest drop since 1987. I lost over $45K on my funds just today....



You move to cash INSIDE the IRA

I short TSLA, Shop, NVDA, NFLX daily. Never long term.

Last edited by crackedback; 03/16/20 11:56 PM.
Re: who is bailing on stocks? [Re: Hemi_Joel] #2752727
03/17/20 12:07 AM
03/17/20 12:07 AM
Joined: Jun 2004
Posts: 9,404
Texas
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carcrazyguy Offline
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Texas
I am certainly not the guy to help pick a stock. But from really watching the market pretty close over the last 5/6 years. This pull back (crash), in my opinion is the time to buy long term holdings. Not just random companies. Companies that are top of their industries.
I always try to buy companies that you can’t do without.....

Visa or MasterCard......in a store, online, clothing, travel, car parts....it’s unlimited and can be used anywhere..
AMZN....the future of shopping and possibly streaming content
Google...CSCO MSFT....all excellent companies
Local utility companies because people can’t live without them...
JNJ...BMY...PFE....drug companies that just about everyone uses
KO.....Safer dividend play at about any level below today’s price (in my opinion)


Knowing very little about the market. Back years ago I wish I would have known what SPY was. It is the S&P500 etf. Basically buying a small piece of each company in the Standards and Poors 500. Basically takes some of the risk away versus owning and individual stock. It is not the quickest way to make money but if I would have been buying SPY only all these years I could have retired very nicely by now.


I personally think when someone decides to go back in the market. Buy a good company and know you may not pick the bottom but I really don’t see any of these top companies being cheaper 2-3-5 years from now....UNLESS these black swan events start being episodes.



I don’t short because.....losses can be infinite. Where if you own a stock it can only go to ZERO. A few weeks ago anyone short Tesla pretty much got wiped out.....when a stock moves like that it can kill you. You would be better off buying/selling puts/calls versus risking the capital to short.

Last edited by carcrazyguy; 03/17/20 12:15 AM.
Re: who is bailing on stocks? [Re: carcrazyguy] #2752739
03/17/20 02:18 AM
03/17/20 02:18 AM
Joined: Feb 2015
Posts: 2,065
CA
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crackedback Offline
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Originally Posted by carcrazyguy

Knowing very little about the market. Back years ago I wish I would have known what SPY was. It is the S&P500 etf. Basically buying a small piece of each company in the Standards and Poors 500. Basically takes some of the risk away versus owning and individual stock. It is not the quickest way to make money but if I would have been buying SPY only all these years I could have retired very nicely by now.


Yes indeed... I suggest that to ANYONE that is in a 401K/IRA that has the ability to buy stock/ETF. Forget mutual funds and by the SPY. Want tech, buy QQQ; Small cap buy IWM; bonds TLT. Less grotesque fees and MOST funds out there don't beat these benchmarks if they are compared. Want to juice the returns... sell covered calls above the current price of the etf if you have 100 shares. If you do it right, it can boost returns 5-12% per year. Inside an IRA there is no taxable event so no worries on accounting/tax returns.

The amazing thing... This retirement stuff of a persons wealth is usually #1 or #2 on total asset value held. YET, people don't bother to educate themselves about it and rely on percentage sucking, poorer returns than the index financial advisors and managers. Crazy.

I know I mentioned Boeing at 190, it's 130 today. They aren't going out of business IMO... too many contracts with Govt, etc.

If you can sell puts, which is what Buffet does but never talks about it.... You can sell a 4/17/2020 100 put on Boeing for ~$1100 If boeing gets below $100 you might get the stock, if not, you collect $1100. If it doesn't get below $89, you are still better than breakeven. Another way to JUICE returns in a portfolio. There are other things you can do if Boeing drops below $100 to repair a potentially broken trade if you don't want the stock.

Never short and hold overnight if losses like TSLA are a concern and stops during the day if in the sandbox. Yes options are a play, very expensive but a play. Had a friend bought 400 calls right before blast off... needless to say she made a cool 3 million on the trade.

Last edited by crackedback; 03/17/20 02:32 AM.
Re: who is bailing on stocks? [Re: T2R9] #2752748
03/17/20 03:50 AM
03/17/20 03:50 AM
Joined: Jun 2006
Posts: 12,066
(Central) PA
Runner2go Offline
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Originally Posted by T2R9
Looks like I will be stocking up on some Silver and Gold pretty soon.

The way things are going, might want to roll with Brass. stirthepot

Still sticking with utility DIV stocks... they ride the wave and keep on paying.
Luckily the large chunk of my company stock in the 401k will definitely keep paying & raising the DIV
They raised the DIV every single year throughout the crisis from '08 on...
People give up a lot of things when times get tough... but these days almost no one gives up their cell phone.
And millennial's will go without food, and miss a car payment to keep their smart phone service working

Re: who is bailing on stocks? [Re: Runner2go] #2752787
03/17/20 10:32 AM
03/17/20 10:32 AM
Joined: Jan 2003
Posts: 2,760
St. Louis, Missouri area
Cometstorm Offline
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St. Louis, Missouri area
I don’t understand why utilities (as well as gold) have been so hard hit.

I thought they weathered downturns much better.

My Ameren and Nextera companies have really taken a hit...:along with everything else, including bonds!

Seems nowhere to hide, though I’m about 30% in paltry CD’s and cash in general.

Oh well, this too shall pass... and rebound heavily me thinks.

I still ain’t changin nuffin! cool

https://www.thesimpledollar.com/inv...stock-market-days-can-tank-your-returns/

I believe I’m down about $400k on paper.

Haven’t lost a second of sleep.., popcorn

Re: who is bailing on stocks? [Re: Cometstorm] #2752809
03/17/20 11:44 AM
03/17/20 11:44 AM
Joined: Feb 2014
Posts: 1,695
central il.
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second 70 Offline
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Originally Posted by Cometstorm
I don’t understand why utilities (as well as gold) have been so hard hit.

I thought they weathered downturns much better.

My Ameren and Nextera companies have really taken a hit...:along with everything else, including bonds!

Seems nowhere to hide, though I’m about 30% in paltry CD’s and cash in general.

Oh well, this too shall pass... and rebound heavily me thinks.

I still ain’t changin nuffin! cool

https://www.thesimpledollar.com/inv...stock-market-days-can-tank-your-returns/

I believe I’m down about $400k on paper.

Haven’t lost a second of sleep.., popcorn



This happens when people have to raise cash. They sell what they can. Some investments can't get a buy bid high enough to raise cash.

BRKB is one of the safest bets because of the huge cash position. Buffet will ending up buying companies for pennies.

Joel you hit the lottery getting out MORL was down to $2 today.

Re: who is bailing on stocks? [Re: Cometstorm] #2752820
03/17/20 12:24 PM
03/17/20 12:24 PM
Joined: Dec 2007
Posts: 19,774
Puttin' on the foil in Charles...
not_a_charger Offline
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Posts: 19,774
Puttin' on the foil in Charles...
None of this drop was caused by problems with the economy itself, unlike 2008. Not worried. Annoyed, but that's about it.

Oh, and buying PGR. musik Just reported the Feb 2020 results today. Unlike most companies, they report monthly, not quarterly. More double digit growth, and with a very, very low combined ratio.


Earning every penny of that moderator paycheck.

DBAP
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