- Jun 12, 2014
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Founding Member
I'm still playing short ETFs on sectors, but if your time horizon for the RCL is long, yes, I definitely think they'll all recover eventually. I'll remain "pessimistic" (and short) through the regular flu season. I think if it dies out along with the regular flu at the end of the season, that's when we'll see a lot of these things bottom out and start moving back in the other direction. I think airlines and hotels are likely to recover price quicker than cruiselines as they aren't just slaved to discretionary/vacation spending.Got in on some RCL this morning at $47.40
Got in on some RCL this morning at $47.40
That is awesome patience, regardless of where it goes from here. Many were pulling trigger from 80's on down. Hope it works out. Heard some talk about admin trying to help out cruise lines/airlines etc. Then just heard something about giving some type of aid to the shale companies b/c of the Saudi/Russia spat. I am extremely leery of government help to companies of this nature b/c run the risk of becoming state owned/controlled enterprises even tho they would be called private.
I was joking about it last night, but now it would just be piling on. Like I said, I'd just keep powder dry through the regular flu season until we see how the actual virus effects shake out, let alone how the reaction (rational or irrational) to it shakes out. None of us will time the bottom, but if we miss the first solid up of 5 or even 10% (which won't happen in a day or two of trading), big deal. Just remember, if you lose 50%, you have to then make 100% just to get to break even!whoops
I was joking about it last night, but now it would just be piling on. Like I said, I'd just keep powder dry through the regular flu season until we see how the actual virus effects shake out, let alone how the reaction (rational or irrational) to it shakes out. None of us will time the bottom, but if we miss the first solid up of 5 or even 10% (which won't happen in a day or two of trading), big deal. Just remember, if you lose 50%, you have to then make 100% just to get to break even!
Will be a buyer here shortly. Gathering cash and strategy.
Well...?I wouldn't be gauging the decision on a chart of the markets, but a chart of the cases
Well I may miss the boat.
..But by midafternoon in Hong Kong, S&P 500 futures had added roughly 2%, suggesting U.S. equities could claw back some ground later Friday. Stock markets across the region either trimmed losses or moved into outright positive territory.
U.S. Futures Rise as Asian Selloff Fades
There are going to be boatloads of opportunity as I see it.....wait till we start making our own aspirin and meds again along with plenty of other goods in the near future....I don't have a problem with waiting a month or so but I think it takes off sooner than later...Awaiting Disney stock to hit 79. Just bought some Gilliad (GILD) stock. Company out of CA that produced product to improve respiatory problem initially with HIV but is being used on Coronavirus - not as a cure, but to help with respiatory problems associated with the virus..
Maybe we should all invest in toilet paper....