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#4171 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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My stocks were up 41% today, mostly because of AGNPF. They had another big day.
Who knows what tomorrow will bring- it could all flip again. |
Posts: 43,200
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#4172 |
MVP
Join Date: May 2001
Casino cash: $3582970
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Thought I'd put this here for those it interests.
Protection: Heavy Cash and Puts Will Save You in These Tough Times https://realmoney.thestreet.com/inve...times-15272679 As many are struggling to find their footing with these crazy markets, we're going to reiterate some great tips and advice. We have advocated protection via puts and heavy cash levels for quite some time. With that guarded position you might have been able to weather the current storm. The pandemic that is the corona virus has gripped many with fear, and that is playing out with heavy selling each day in the stock market. But is it too late to protect your portfolio, even if it has taken a hit? I suspect if you're a long term investor this would qualify as just another great buying opportunity. In that case, probably no reason to panic and just keep moving forward with the big plan, especially if flush with cash. Buy great companies. But what if you're stuck? You might think it's too late for protection, but that would be WRONG. It's never too late unless 'the big one' comes, and that doesn't seem the case (yet?). In our portfolios we didn't really start getting 'serious' about adding put protection until about a month ago. The markets had already started to roll over, but there was plenty of downside to protect against. The Dow Industrials have fallen 8,000 points in a month! The SPX 500 is down a staggering 25% while the Russell 2K is down 30%. Amazing numbers, and we are only in March! At some point buyers will be back, but you can forget about trying to predict that turn. If you're in some puts and have been using them strategically, you've offset some losses with some very fast and robust gains. Remember, markets take the escalator up and the window down. The gains made on the downside are sharp, quick, deep and rich. If you're often bullish but deep in a cash position, you're way ahead of the rest who are getting pounded endlessly each day. Remember, people don't win or get rich just from picking a bottom. They get wealthy riding out trends and momentum. Bottom line, have some cash and protection on as we ride out this virus storm. It will end at some point, but trying to guess is foolhardy. The unknowns are deep and wide and beyond anyone's comprehension. Until there is some sort of resolution, remain defensive. |
Posts: 18,278
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#4173 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $-160000
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Careful with the puts, friends. Don't get wasted by IV crush
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Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 45,207
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#4174 |
MVP
Join Date: Jan 2007
Location: Missouri
Casino cash: $-1717750
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Posts: 9,013
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#4175 |
MVP
Join Date: Jan 2007
Location: Missouri
Casino cash: $-1717750
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The CME expanded the March daily feeder cattle contract limit to $10 dollars, starting tomorrow. Considering all the turmoil on the cash side, there's sure to be some entertaining moves made in last few days of the March contract.
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Posts: 9,013
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#4176 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Some dudes got raped in expiring corn too. God I’m glad I’m not a cow guy.
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Posts: 59,931
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#4177 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-710000
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Quote:
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,920
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#4178 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Any stability to premarket spike?
Nah. |
Posts: 46,300
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#4179 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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Looks like we are through the worst of this.
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Chiefs game films |
Posts: 296,721
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#4180 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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pharmaceutical stocks are plummeting today
must be the news of the hydroxychloroquine
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Chiefs game films |
Posts: 296,721
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#4181 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Posts: 46,300
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#4182 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $-1410389
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The next 2 weeks are going to be very interesting. The Italy projection moving here with social distancing and Trump wanting to get people back to work.
We’re not done falling yet Clay
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Mike Greenberg@Espngreeny I can’t fathom what it must be like to be a fan of the #Chiefs. Adopt a Chief: Jared Wiley |
Posts: 52,061
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#4183 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Anyone know what 15 year mortgage rates I’d be looking at to refinance to a 15 year right now?
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Posts: 46,300
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#4184 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $-160000
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~3.25% APR
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 45,207
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#4185 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Think this pop today is short lived?
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Posts: 46,300
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