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Re: who is bailing on stocks? [Re: second 70] #2757612
03/30/20 02:20 PM
03/30/20 02:20 PM
Joined: Dec 2007
Posts: 19,847
Puttin' on the foil in Charles...
not_a_charger Offline
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Puttin' on the foil in Charles...
Ford at $5.00. work


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Re: who is bailing on stocks? [Re: not_a_charger] #2757657
03/30/20 04:31 PM
03/30/20 04:31 PM
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maxwedge1 Offline
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bought ford after auto bail outs at $7 went to $15 not long after,and hasnt done much since.

Re: who is bailing on stocks? [Re: maxwedge1] #2757661
03/30/20 04:43 PM
03/30/20 04:43 PM
Joined: Dec 2007
Posts: 19,847
Puttin' on the foil in Charles...
not_a_charger Offline
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I threw $500 at it at $5.00, just to horse around a bit.


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Re: who is bailing on stocks? [Re: CMcAllister] #2758272
04/01/20 03:02 AM
04/01/20 03:02 AM
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Posts: 1,749
Phila
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PhillyRag Offline
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Originally Posted by CMcAllister
If you're still in at this point, you may as well stay in. When this is resolved, and everyone has an interest in seeing that happen ASAP, the renewed activity will spark a recovery. Places are idled and people are laid off. We can all pick up where we left off in a matter of a few days. Supply will catch up, people will be ready to go out to eat and attend activities.


Seems like Rose-Colored-Glasses aren't scarce these days.

Re: who is bailing on stocks? [Re: 360view] #2758277
04/01/20 06:25 AM
04/01/20 06:25 AM
Joined: Jan 2006
Posts: 8,162
USA
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360view Offline
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On any investment now,
one has to ask the question:

How will this industry be affected both short term and long term,
by the 2.2 Trillion $ the government just borrowed,
and the additional 3 Trillion $ it may borrow in the next few months?

It is not anywhere near “normal” conditions.

The only year similar was perhaps 1945.

Re: who is bailing on stocks? [Re: 360view] #2758371
04/01/20 12:03 PM
04/01/20 12:03 PM
Joined: Jan 2003
Posts: 1,643
A certified culture free zone.
74RALLYE Offline
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When the talking heads on TV start telling you not to sell, you are already 2 weeks late in selling everything.

Re: who is bailing on stocks? [Re: 74RALLYE] #2758455
04/01/20 03:43 PM
04/01/20 03:43 PM
Joined: Jan 2003
Posts: 3,122
Auburn WA
Dave_J Offline
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Originally Posted by 74RALLYE
When the talking heads on TV start telling you not to sell, you are already 2 weeks late in selling everything.

And three weeks behind some of our serving leaders that did insider trading.


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] #2758463
04/01/20 04:03 PM
04/01/20 04:03 PM
Joined: Jun 2003
Posts: 52,972
Romeo MI
MR_P_BODY Offline
Master
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I had a call today from my stock guy.. I pretty much knew what he was gonna say but I asked..
how bad is it.. he asked if I REALLY wanted to know.. he said things arent looking good but he
also said not to worry... I'm in a few guaranteed funds.. we will see
wave

Re: who is bailing on stocks? [Re: not_a_charger] #2758978
04/02/20 03:24 PM
04/02/20 03:24 PM
Joined: Dec 2007
Posts: 19,847
Puttin' on the foil in Charles...
not_a_charger Offline
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Originally Posted by not_a_charger
I threw $500 at it at $5.00, just to horse around a bit.


Should've waited a few days. laugh2 panic


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Re: who is bailing on stocks? [Re: not_a_charger] #2760840
04/06/20 05:35 PM
04/06/20 05:35 PM
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Posts: 2,068
CA
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crackedback Offline
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I'm not sold on the rebound as much as the knuckleheads on financial tv crow about it.

Increasing prices on declining volume... not usually a recipe for success.

[Linked Image]

Re: who is bailing on stocks? [Re: crackedback] #2760841
04/06/20 05:41 PM
04/06/20 05:41 PM
Joined: Dec 2007
Posts: 19,847
Puttin' on the foil in Charles...
not_a_charger Offline
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I think the "V" we've heard so much about is going to be a bit misshapen.


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Re: who is bailing on stocks? [Re: not_a_charger] #2760903
04/06/20 09:22 PM
04/06/20 09:22 PM
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Posts: 9,404
Texas
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carcrazyguy Offline
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I personally think this bounce is just adding a little padding to give room to fall once the next round of earning start. The major companies all have those in the next month or so. I am sitting about 85% cash after today. I have basically been trading the bounces. Buy on red days and selling on Green Day’s. It has really worked out well with these wild swings. I jumped out a bit early today but still had one of my best days. Considering the climate...my account chart looks pretty good!

FE9D1786-D1B2-49C9-832E-B8C303AA14A1.jpeg
Re: who is bailing on stocks? [Re: carcrazyguy] #2760905
04/06/20 09:27 PM
04/06/20 09:27 PM
Joined: Nov 2004
Posts: 25,050
Texas
GoodysGotaCuda Offline
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This market still makes no sense to me. I am staying out of it with one-eye open waiting for a better opportunity.


1972 Barracuda - 5.7L Hemi, T56 Magnum 6spd - https://www.facebook.com/GoodysGotaHemi
2020 RAM 1500
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Re: who is bailing on stocks? [Re: GoodysGotaCuda] #2760917
04/06/20 09:55 PM
04/06/20 09:55 PM
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Texas
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carcrazyguy Offline
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I agree, otherwise I would be loading the boat. I know the government injections have propped up the market and then you have the FOMO (fear of missing out) people racing in thinking it is a V bottom. However you can’t overlook that most companies took a HUGE hit to the bottom line. My first thought when all this was starting up and businesses were closing down was, CVS, Walgreens, grocery stores, Dollar General, Walmart, Target and credit card companies would be huge winners. However all of them are bound to suffer. They all have shortened their hours and limiting the number of customers. That is hard to overcome.

Re: who is bailing on stocks? [Re: carcrazyguy] #2760930
04/06/20 10:32 PM
04/06/20 10:32 PM
Joined: Jan 2003
Posts: 3,122
Auburn WA
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Originally Posted by carcrazyguy
I agree, otherwise I would be loading the boat. I know the government injections have propped up the market and then you have the FOMO (fear of missing out) people racing in thinking it is a V bottom. However you can’t overlook that most companies took a HUGE hit to the bottom line. My first thought when all this was starting up and businesses were closing down was, CVS, Walgreens, grocery stores, Dollar General, Walmart, Target and credit card companies would be huge winners. However all of them are bound to suffer. They all have shortened their hours and limiting the number of customers. That is hard to overcome.

Funeral services! frown My grandfather said to invest in hospitals and funeral parlors. You have it covered coming and going.


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] #2760952
04/07/20 12:03 AM
04/07/20 12:03 AM
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Posts: 9,404
Texas
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carcrazyguy Offline
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I know someone close to me that works in a hospital. I can tell you that their bottom line is going to be terrible. All elective surgeries have been cancelled and about every hospital out there is trying to empty every possible room they can. They don’t want to put any more people in harms way than they absolutely have to. In doing that....they are having to furlough staff and cut hours across the board.


Funeral services....well being they are asking people to not attend services....people are not spending near what they would if they were expecting hundreds of people.....some are only doing graveside for the absolute immediate family. CSV is a stock that I watch because someone I know manages one of their facilities.

Last edited by carcrazyguy; 04/07/20 12:04 AM.
Re: who is bailing on stocks? [Re: not_a_charger] #2762198
04/10/20 09:39 AM
04/10/20 09:39 AM
Joined: Dec 2007
Posts: 19,847
Puttin' on the foil in Charles...
not_a_charger Offline
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Originally Posted by not_a_charger
Our stock (PGR) is down quite a bit, but that's temporary. We were making money hand over fist before the market crashed. We are a product that is mandated by law, and guess what? There are fewer people commuting right now, fewer people traveling, fewer people driving to games, recreational activities, school, etc...fewer cars on the road = reduced loss frequency = more profits. Our stock was flying along before this, and it's going to take right back off again as soon as this sort itself out, and maybe earlier than that.


whistling

Up almost $19/share in less than a month.


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Re: who is bailing on stocks? [Re: GoodysGotaCuda] #2764286
04/15/20 03:27 PM
04/15/20 03:27 PM
Joined: Jan 2003
Posts: 30,983
Oregon
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AndyF Offline
I Win
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Oregon
Originally Posted by GoodysGotaCuda
This market still makes no sense to me. I am staying out of it with one-eye open waiting for a better opportunity.


Yeah I'm usually a long term investor but I decided to move to cash when this virus stuff started to break. I did do a little short term speculation with the cash recently and picked up a nice chunk of change but I'm not ready to make long term investments right now. It looks like things are going to be pretty rough for at least six months. I don't expect everything to be back to normal until a vaccine is widely available and that could be at least a year away.

Re: who is bailing on stocks? [Re: AndyF] #2764387
04/15/20 07:22 PM
04/15/20 07:22 PM
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Texas
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carcrazyguy Offline
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Just been day trading for the last couple of weeks and doing pretty good. Not as good as I would have if I loaded up on all big names and let it ride. However I can sleep at night without worrying if a bad headline was going to wipe all my gains. I think we are headed back to around 260 on SPY, which is when I will start buying back in for a longer term.

Re: who is bailing on stocks? [Re: AndyF] #2772997
05/09/20 09:31 PM
05/09/20 09:31 PM
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Posts: 30,983
Oregon
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AndyF Offline
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Oregon
I've been using the latest run up to exit most of my positions. I see no reason to be invested now. We're looking at some serious damage to the economy over the next 12 months so I don't see any reason to own stocks while all of that gets sorted out. I'll get back into the market once things settle down. I don't really know why the market has been moving up so strongly the past few weeks. Someone big is betting on a quick return to normal but everything I see and hear tells me that a lot of little guys are in the process of being wiped out. So I'll just wait this one out. I really don't need to take a bunch of risk for a small reward at this point in my life.

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