2020 Stocks

Discussion in 'Off-Topic' started by mtowncyclone13, Jan 3, 2020.

  1. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    Temporary bottom. You almost Always bounce and possibly bounce hard and then grind lower and either retest or even make the final low.
     
  2. Cyched

    Cyched Minister of Culture
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    May 8, 2009
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    [​IMG]
     
  3. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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  4. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    A dead cat is usually a 5% or so. This thing has climbed 20%.
     
  5. Cyched

    Cyched Minister of Culture
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    I’d recommend AAA for dead cars
     
  6. BCClone

    BCClone Well-Known Member

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    Lol, yeah autocorrect knows better than me apparently. I hate the changes that it makes when you press post.
     
  7. Cyched

    Cyched Minister of Culture
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    My beef is when iPhone autocorrects correct words to something completely different :confused:
     
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  8. cycloner29

    cycloner29 Well-Known Member

    Dec 17, 2008
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    I wish we could correct it after we sent out a text with the misspelled word!
     
  9. LindenCy

    LindenCy Kevin Dresser Fan Club
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    Mar 19, 2006
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    I agree, but I think the drop to 18k or so was premature. The market is settling in now where we'll be down, but not as panicked. It might go down again, but I don't see it staying there. There should be good buying opportunities again.
     
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  10. dmclone

    dmclone Well-Known Member

    Oct 20, 2006
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    I'm looking at my retirement savings, which was probably around 70% stocks (Mostly S&P 500). After yesterday, I'm about 10% down, which really isn't that bad, especially considering I was up 25% last year. I'm wondering if now is the time to back down a little bit...
     
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  11. LindenCy

    LindenCy Kevin Dresser Fan Club
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    Mar 19, 2006
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    I will say, that I am hoping for this climb to continue to get out of a position so I can find the bargains again. Another drop is probably coming, but I just don't see it long term under 20k. The market was severely overvalued, but the quick drop was just fear.
     
    • Agree Agree x 1
  12. LindenCy

    LindenCy Kevin Dresser Fan Club
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    Mar 19, 2006
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    We've all been there. At least it's a profit.
     
  13. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    I've been trying to get too smart. Probably peed about 500-1000 today with my dumb moves. Long term I should be fine, but I definitely chased a couple that I should not have.
     
  14. brianhos

    brianhos Moderator
    Staff Member Bookie SuperFanatic SuperFanatic T2

    Jun 1, 2006
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    I officially do not understand this market at all, we are just entering a big recession, and stock are going up?
     
    • Agree Agree x 1
  15. fsanford

    fsanford Well-Known Member

    Dec 22, 2007
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    Recession numbers based off high of near 30K should be 23-25K range I would think.
     
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  16. fsanford

    fsanford Well-Known Member

    Dec 22, 2007
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    Boeing is a "cannot fail business," those are risky to short
     
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  17. DreamyCy

    DreamyCy Active Member

    Nov 13, 2013
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    We did just have a massive stimulus packaged approved by the senate. I think once it passes the house things will start to dump again. Cov should only get worse and the economy numbers will be god awful.
     
  18. DreamyCy

    DreamyCy Active Member

    Nov 13, 2013
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    Shorting something that’s down 75% with a stimulus package in the works is pretty darn risky in itself.
     
    • Agree Agree x 3
  19. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    How much of the bad numbers are already factored in? Is there anybody out there that doesn't thin we are looking at a huge nosedive for this and next quarter. The Stimulus is factored in unless that house changes something. Right now it comes down to how long people think this will go on.
     
  20. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    I think one other thing you are seeing right now is a ton of day trading. The volumes for may stocks are very heavy. Mini rollercoasters. When the higher amount of the day traders exit, the market may make a little more sense also.
     
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