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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 02-27-2020, 06:14 PM   #3526
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I asked this before but I think I might take a bit of a risk here possibly. We have a very substantial chunk of change I have sitting in a 2% savings account that we got from selling our house and plan to use it for a down payment on our next house. I don't think we will be buying really soon here so I am really considering dropping it into stocks/index funds if the market drops much more and riding it out for a little while. It could bring in a chunk of money. Would you do it?
Yeah, don't take risk with something you need in the relative short term.
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Old 02-27-2020, 07:06 PM   #3527
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Dang. I was going to sell some off and lock in my gains, and by the time I got to work and turned my computer on, it's gone from up another 20 percent to down 14 percent. Good thing I fastened my seat belt.
Why did it fall today, I wonder?
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Old 02-27-2020, 07:20 PM   #3528
Hog's Gone Fishin Hog's Gone Fishin is offline
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Keep in mind , this virus will slow down when warmer weather prevails. Viruses love Cold.

I don't know the time frame for vaccines to develop but I'm pretty sure there's a rush on it.

This will be over soon and the stock market will rejoice.
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Old 02-27-2020, 07:20 PM   #3529
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by ThaVirus View Post
Why did it fall today, I wonder?
Profit takers.
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Old 02-27-2020, 08:06 PM   #3530
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Why did it fall today, I wonder?
I'm wondering if maybe Gilead's news could have put it back. Or that Israeli company's news. It'll be a race to market if it even works. If it goes back up tomorrow I'll do a little profit taking since I'm still up 10 percent in two days.
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Old 02-27-2020, 09:48 PM   #3531
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I made six figures on IBIO today. Insane run.
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Old 02-27-2020, 09:53 PM   #3532
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IBIO, for those that don’t know, owns the facility the COVID vaccine will be manufactured in, regardless of who gets it approved first.

It’s currently trading at $1.40 in AH, with volume and room to explode tomorrow in PM or open. Some looking for $4 - $10, similar to the $CODX run yesterday.

I got in at .22 and made the most money in a single day I’ve ever made trading. If you’ve got a little cash to spare, it’s not a bad idea to bet on this horse.
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Old 02-27-2020, 10:21 PM   #3533
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Originally Posted by ThaVirus View Post
Why did it fall today, I wonder?
I might guess it’s people realizing that even if they ultimately have an effective vaccine, it won’t be ready to come to market for at least a year and there are plenty of other competitors who may very well beat them to market.
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Old 02-27-2020, 10:25 PM   #3534
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IBIO, for those that don’t know, owns the facility the COVID vaccine will be manufactured in, regardless of who gets it approved first.

It’s currently trading at $1.40 in AH, with volume and room to explode tomorrow in PM or open. Some looking for $4 - $10, similar to the $CODX run yesterday.

I got in at .22 and made the most money in a single day I’ve ever made trading. If you’ve got a little cash to spare, it’s not a bad idea to bet on this horse.
IT'S TIME TO GET STUPID
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Old 02-27-2020, 10:34 PM   #3535
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Jesus, the market is taking a huge beating.

But one has to wonder, is this a market correction?
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Old 02-28-2020, 07:21 AM   #3536
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I think this is going to get worse via panic when it starts spreading in the US or just because of the unknown of how bad it's going to drag the global economy down for at least the next 2 quarters or even year.

Only 4 out of the last 26 corrections went past 20%. I remember us bouncing off 20% like it was a force field in 2011 and 2018. I'll go with the stats/odds? over my gut and start buying the dip today.

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Maybe add to TTD or VEEV. Pick up a beat down cloud SAAS stock?
I'll have to pick through my watchlist.
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Old 02-28-2020, 07:54 AM   #3537
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 02-28-2020, 08:44 AM   #3538
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Old 02-28-2020, 08:46 AM   #3539
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Quote:
Originally Posted by ChiliConCarnage View Post
I think this is going to get worse via panic when it starts spreading in the US or just because of the unknown of how bad it's going to drag the global economy down for at least the next 2 quarters or even year.

Only 4 out of the last 26 corrections went past 20%. I remember us bouncing off 20% like it was a force field in 2011 and 2018. I'll go with the stats/odds? over my gut and start buying the dip today.

SCHX - Schwab Dow Jones US Large Cap
VIGI - Vanguard International Dividend Appreciation

Maybe add to TTD or VEEV. Pick up a beat down cloud SAAS stock?
I'll have to pick through my watchlist.
I think so too. I think we are a little more than halfway through
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Old 02-28-2020, 08:48 AM   #3540
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A couple of the big companies in the Dow are Boeing and medicals. They're obviously down.

Markets are finicky.
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