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05-26-2020, 07:27 PM | #4981 |
I'll be back.
Join Date: Nov 2002
Casino cash: $3110478
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CDEV
Thank me later.
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05-26-2020, 07:53 PM | #4982 |
Mod Team
Join Date: Sep 2011
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I hope some of you chumps posting these low level stocks post your losses when the bottom falls out of those turds.
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05-26-2020, 08:09 PM | #4983 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $1194127
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Market actually punched through its 200-day SMA today for the first time since it fell through it. I had this pegged as a trading rally and it was looking that way but that may no longer be the case. We have 2 things ahead that are going to cause problems. One is the election. Two is the fallout from unemployment. There are a lot of layoffs that will come in August and September.
All in all it's looking like the lock down was overkill and though at first we didn't know that we are seeing in the states that are opening up a willingness by the consumer to not sit inside. The cloud now will be the perceived fear of the dreaded "second wave". Some have already pre-determined it will be much worse than the first wave though they have no data to substantiate that and the fact the first wave was nothing like we thought it would be. I think as we approach the election you might be wise to take some off the table or hedge. It's going to be super dicey if Trump loses because no one really knows what Biden will do. Assuming Biden does win we will have to see what type of tax hikes, etc. he throws at businesses and such. Now, long, longe term just keep putting your money in. But if you're a trader or if you are getting close to retirement then this election cycle might be one to sit out. |
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05-26-2020, 11:41 PM | #4984 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1171110
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You should have invested in Corn Dogs, Corn Pops or Cornhole instead!
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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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05-27-2020, 12:39 AM | #4985 |
Supporter
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05-27-2020, 05:54 AM | #4986 | |
I'll be back.
Join Date: Nov 2002
Casino cash: $3110478
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Quote:
Now piss off!
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05-27-2020, 12:51 PM | #4987 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
Casino cash: $1790526
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WTF is happening to SHOP?
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Adopt-A-Chief: John Dorsey
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05-27-2020, 01:32 PM | #4988 |
Supporter
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Location: Utopia
Casino cash: $3718454
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1 0 |
05-27-2020, 01:38 PM | #4989 |
MVP
Join Date: Jan 2007
Location: Missouri
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05-27-2020, 02:33 PM | #4990 |
I'll be back.
Join Date: Nov 2002
Casino cash: $3110478
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Finished in the green after that awful midday dump
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05-27-2020, 03:48 PM | #4991 |
Mod Team
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05-27-2020, 04:03 PM | #4992 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $208468
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Quote:
The market got bullish and it's moving money back out of recent high flyers into sectors badly damaged due to covid or the ones that are just always cyclically tied to the economy. Almost everything saw a good recovery at the end of the day. Mid day AYX and TWLO, TTD were down 10% or close |
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05-27-2020, 04:26 PM | #4993 |
Supporter
Join Date: Aug 2000
Location: Utopia
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If I know one thing it's how to dig a hole until I hit bedrock.
I've countered that with buying more at the bottom so my average is a little over $10/share now and it's coming back to that neighborhood. I've made better decisions since then, and I am learning from this thread. I try to avoid the wild hair investments without knowing WHY I'm buying into that. Casino, airline, oil, and cruiselines because when Rona stops scaring people....people gonna spent money. The only recent exception is that when Clay gets out of something...I know it's a winner, so I bought Mark yesterday when he said he sold..... |
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05-27-2020, 04:39 PM | #4994 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $130477
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Quote:
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05-27-2020, 04:46 PM | #4995 | |
I'll be back.
Join Date: Nov 2002
Casino cash: $3110478
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Quote:
So I went from 1.84 to 2.88. You went from 2.88 to 3.40. Who's the winner here? I wouldn't hold it too long tomorrow....
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