Stock Market/Investing

[knoxville7]

I’m thinking people will start nibbling back into the market Monday. Things can only drop so far before they become too cheap to ignore. As long as you believe this time next year we will have a handle on this

 

[ijustposthere]

Start with small amounts. Many good brokers have comissions free trades.
You keep that up and you will see your fake bank get swole.

I've got about a grand to spare. I could possibly go two. Actually was looking at investing in some REITs to diversify.

 

[Urblock]

I’m thinking people will start nibbling back into the market Monday. Things can only drop so far before they become too cheap to ignore. As long as you believe this time next year we will have a handle on this

My guy called yesterday to see how much to spend on buying. I told him to start with 50k and we'll go from there. I'm retired but won't touch my investments for 5 to 10 years.

 

[Hawkeye OG]

My guy called yesterday to see how much to spend on buying. I told him to start with 50k and we'll go from there. I'm retired but won't touch my investments for 5 to 10 years.

Have you built your new house yet?

 

[MDB111™]

I started the week up 143% percent MSFT. If I realized that gain, Uncle Sam would be bending me over. I am currently up 121% and owe NO tax...

If you are long, this is nothing. Buy as much as you can.

 

[Urblock]

Have you built your new house yet?

Wife put the brakes on that until she retires in less than 2 yrs. She wants to have the time for input on how we build our last house.
Works for me.

 

[knoxville7]

A full analysis of the market turmoil: What Wall Street pros are watching before jumping back in

CNBC's Michael Santoli on whether we are facing an economic-reckoning or just a weeks-Sanlong panic that fades quickly for the market.

www.cnbc.com

Found this to be a very well written article that articulates how I feel about the situation better than I could do

 

[knoxville7]

5% gains today...don’t expect it to stay, though. Too much volatility...it’s going to give it back and re test the downside I think

 

[knoxville7]

Markets had a wild ride this week, but actually finished slightly up overall. Buy on fear baby

 

[MDB111™]

The only dip I should have bought was tostitos brand blanco queso.
Have you tried that stuff? Its pure fake whatever,but holy smokes is it delicious when you're high AF in the wee hours!


I still stand by my earlier sentiments.The markets needed to fall either with a catalyst or not. If you check max charts or 5 year MA charts,it was way too high. Most of my good blue chip stocks are still on healthy left to right upward trends looking at bigger 5 to 10 year screenshots.

I am curious to see a bottom. My guess is that is somewhere around a DJA of 23500.00. That is one mans guess though.

 

[knoxville7]

The only dip I should have bought was tostitos brand blanco queso.
Have you tried that stuff? Its pure fake whatever,but holy smokes is it delicious when you're high AF in the wee hours!


I still stand by my earlier sentiments.The markets needed to fall either with a catalyst or not. If you check max charts or 5 year MA charts,it was way too high. Most of my good blue chip stocks are still on healthy left to right upward trends looking at bigger 5 to 10 year screenshots.

I am curious to see a bottom. My guess is that is somewhere around a DJA of 23500.00. That is one mans guess though.

I think we trade sideways a month or so. Only way it dips that low is if we see massive outbreaks here in America. It’s certainly possible, but this is looking less and less like a catastrophic event IMO

 

[MDB111™]

My eyes are on BA Boeing and MA Mastercard.

Boeing is literally like one of 3 airplane manufacturers in the comercial zone and they are getting absolutely shredded with the virus and the shitshow 733max jets. They are a steal right now but will likely fall another 30 to 40 per share

Mastercard has amazing charts and is absolutely a great stock to own on sale.

I don't own either but will likely in the future

 

[MDB111™]

I think we trade sideways a month or so. Only way it dips that low is if we see massive outbreaks here in America. It’s certainly possible, but this is looking less and less like a catastrophic event IMO

People will get infected. Many more, I believe. But It shouldn't be mass hysteria. Unfortunately, it will be mass hysteria.


Have you tried to purchase hand sanitizer or cleaners yet?
My wife went out today and there was nothing! Not a god damn cleaner! Amazon wants a ton for a 2 pack of lysol wipes.

Do a quick search...It's crazy.

 

[Ares]

The only dip I should have bought was tostitos brand blanco queso.
Have you tried that stuff? Its pure fake whatever,but holy smokes is it delicious when you're high AF in the wee hours!


I still stand by my earlier sentiments.The markets needed to fall either with a catalyst or not. If you check max charts or 5 year MA charts,it was way too high. Most of my good blue chip stocks are still on healthy left to right upward trends looking at bigger 5 to 10 year screenshots.

I am curious to see a bottom. My guess is that is somewhere around a DJA of 23500.00. That is one mans guess though.

I am thinking 22k for the DOW will be the bottom, but we're guessing for sure.

 

[knoxville7]

People will get infected. Many more, I believe. But It shouldn't be mass hysteria. Unfortunately, it will be mass hysteria.


Have you tried to purchase hand sanitizer or cleaners yet?
My wife went out today and there was nothing! Not a god damn cleaner! Amazon wants a ton for a 2 pack of lysol wipes.

Do a quick search...It's crazy.

Buy on fear, sell on euphoria. The avg joe will freak out of course, just like they have on previous events over the last couple decades. And I’ll be buying up stocks during this fear in the markets...I’ve already started doing so

 

[truthbedamned]

Bought 500 shares of Carnival Cruise lines at 26.00 a share. Carnival owns Princess which has 2 ships in quarantine right now and their stock has dropped from 60.00 to 26.00 on Friday. It might go down more but I had to buy in now because they give on board credit to stock owners and my cruise leaves in a month. That is 250.00 worth of booze for when I am quarantined to my stateroom for 14 days.

Once they get a vaccine for this I am positive their stock will rebound right back to 60+

 

[MDB111™]

Buy on fear, sell on euphoria. The avg joe will freak out of course, just like they have on previous events over the last couple decades. And I’ll be buying up stocks during this fear in the markets...I’ve already started doing so

Whatcha buyin?

 

[knoxville7]

Whatcha buyin?

I bought some RCL, kinda for the reasons @truthbedamned bought CCL...it’s down about 50% from its highs. It’s now in the mid 60’s, and is considered the premier cruise line company. It’s now trading at a p/e of about 7 or 8, when historically it trades around 13 or 14. It’s crazy cheap, and it’s not like it’s going out of business. Business will bounce back when this virus stuff settles. It may be a year, but it’ll bounce back and I have the time to wait. RCL also has a solid dividend that’s safe.

Also, bought some JPM on its decline that got compounded by Dimon’s Heart procedure. Probably will buy some more MGM on Monday since it’s continued to decline.

 

[MDB111™]

I bought some RCL, kinda for the reasons @truthbedamned bought CCL...it’s down about 50% from its highs. It’s now in the mid 60’s, and is considered the premier cruise line company. It’s now trading at a p/e of about 7 or 8, when historically it trades around 13 or 14. It’s crazy cheap, and it’s not like it’s going out of business. Business will bounce back when this virus stuff settles. It may be a year, but it’ll bounce back and I have the time to wait. RCL also has a solid dividend that’s safe.

Also, bought some JPM on its decline that got compounded by Dimon’s Heart procedure. Probably will buy some more MGM on Monday since it’s continued to decline.

Whats the end game there? Are you just gonna sell after it pops and take capital gains or are you a believer and gonna hold?

Personally, I think there is a good amount of money to be made with RCL but overall, their business models don't favor the shareholders(which can be a good thing) but I'm leery of long term holds on cruise lines.
They basically take investors money and build more ships. But old ships get renovated and older ones die all together. There is no real growth there IMO.

 

[knoxville7]

Whats the end game there? Are you just gonna sell after it pops and take capital gains or are you a believer and gonna hold?

Personally, I think there is a good amount of money to be made with RCL but overall, their business models don't favor the shareholders(which can be a good thing) but I'm leery of long term holds on cruise lines.
They basically take investors money and build more ships. But old ships get renovated and older ones die all together. There is no real growth there IMO.

Well, RCL had been expanding into the Chinese market. That’s where the growth comes from...emerging markets. As more nations become wealthy, the more potential cruisers there becomes. They seem to be ahead of the curve on that. I will probably keep it in the portfolio now that I got an entry point I like for the long term. It certainly does come with risks, kinda similar to the airlines in regards to the concerns you mention. Another thing to consider, the cost of oil per barrel is dropping lately...that’ll save the cruise lines and airlines some $ on what is typically one of their biggest expenses.