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Discussion in 'Business, Investing & Finance' started by ThreatMatrix, Feb 29, 2020.
Got in on some RCL this morning at $47.40
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.
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.
Taxpayer money... make it rain! lol I'm with you though... this idea of government help make me nauseous. It went down to another 15% from the time I bought it, right up until the news you speak of. Then boom.
I think they are doomed long term.
We all are.
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!
It's not like I am really worried about it. I'm in it for the long haul baby!
All the financial markets are in a free-fall. Are you a Seller, Buyer or Holding on? I am starting to buy into this correction via dollar cost averaging. Nobody knows where the bottom will be, but it is event driven. Historically, event driven bottoms are "V" shaped with a sharp upward trend when thinking becomes normalized again. Buyer.
Will be a buyer here shortly. Gathering cash and strategy.
This. Just putting things together.
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
You may not have. There’s more bad news to come. Investors will sell into it. They shouldn’t, but they will. Fear of the unknown. There’s a bottom out there linked to the psychology of fear. It’s coming.
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....
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...
Curious if there are any technical charters in this little corner of the world with thoughts on recent market action? Have we seen capitulation? Today hinted at it, but not blowout volume. Would love any opinions. Biggest risk of upside (in terms of missing the bottom) would probably be a Trump announcement of some sort of Federal business interruption insurance or the like... wary of trying to catch a falling knife here, but the market is crazy irrational right now and that's fun for trading. For anyone following the market closely, what signs are you looking for? I want to see desperation, maybe a 13%-15% day with two circuit breakers hit and massive volume and all the talking heads telling you there's no hope and you should basically go jump out of buildings. Even down 3k today, not sure we've seen that level of desperation.
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