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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Joined: May 2006
Posts: 1,754 Phila
PhillyRag
top fuel
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top fuel
Joined: May 2006
Posts: 1,754
Phila
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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.
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Re: who is bailing on stocks?
[Re: 74RALLYE]
#2758455
04/01/20 03:43 PM
04/01/20 03:43 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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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)
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Re: who is bailing on stocks?
[Re: Dave_J]
#2758463
04/01/20 04:03 PM
04/01/20 04:03 PM
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Joined: Jun 2003
Posts: 52,972 Romeo MI
MR_P_BODY
Master
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Master
Joined: Jun 2003
Posts: 52,972
Romeo MI
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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
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Re: who is bailing on stocks?
[Re: carcrazyguy]
#2760930
04/06/20 10:32 PM
04/06/20 10:32 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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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! 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)
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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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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 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.
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Re: who is bailing on stocks?
[Re: not_a_charger]
#2762198
04/10/20 09:39 AM
04/10/20 09:39 AM
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Joined: Dec 2007
Posts: 19,908 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: 19,908
Puttin' on the foil in Charles...
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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. Up almost $19/share in less than a month.
Earning every penny of that moderator paycheck.
DBAP
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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
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Joined: Jan 2003
Posts: 31,034 Oregon
AndyF
I Win
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I Win
Joined: Jan 2003
Posts: 31,034
Oregon
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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. 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.
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