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03-04-2021, 02:35 PM | #8146 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
Casino cash: $1400526
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What does "official correction territory" mean?
Does this have any relevance to timing your investments in our current environment?
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03-04-2021, 02:46 PM | #8147 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7174386
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Market down, GME up is a trend.
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Posts: 11,434
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03-04-2021, 03:06 PM | #8148 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $681110
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A lot of NASDAQ high flyers are down 35-40-50% from their recent highs.
What goes way up too quick, must come down too quick.
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03-04-2021, 03:24 PM | #8149 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
10% drop has significance and the downward trend is official IMO around this marker. |
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Posts: 46,167
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03-04-2021, 04:15 PM | #8150 | |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Casino cash: $3579601
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Quote:
When there's that much upside in the bull people are taking profits, it's just what happens. Especially with s much uncertainty still around what type of recovery there will be, how long, etc. If millions of people are on limited or no income, it's not like everyone;s gonna be ready to hop on planes and spend money. |
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03-04-2021, 05:40 PM | #8151 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $-170099
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Boy. Powell didn't do the markets any favors with his words today or for the near future.
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03-04-2021, 05:49 PM | #8152 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7174386
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03-04-2021, 08:02 PM | #8153 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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03-04-2021, 08:34 PM | #8154 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $224734
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I dumped Deere this afternoon. Lew was right. I should have put a trailing stop in. I wanted to sell Monday but though hell it’s on a run counter to the market. LET IT ROLL. That was the top.
I really want to tie out their EOP deadlines are to their earnings reports. I have a pretty good handle on the ag market. Turf is pretty flat. Construction is typically pretty stable. I know ****all about forestry, but I think I can capitalize on the flex in the ag sector. |
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03-04-2021, 09:41 PM | #8155 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $-433802
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Just hanging on.
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03-04-2021, 10:13 PM | #8156 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
Casino cash: $4744282
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Sad times out here. I’m loading up on Rolls Royce with liquid funds right now. Don’t think it’ll go any lower but will likely rebound heavily in the coming months.
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03-05-2021, 04:53 AM | #8157 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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After sleeping on it I'm considering trimming about 10 stonks, locking in losses for tax purposes and rolling into recovery stocks like AAL,CCL. Bottom line is ,whatever your portfolio is worth right now is what its worth so why not make a pivot ,grab a tax break at the same time. Might add some AMC also as even if the squeeze doesn't happen it should still double this year from where its at.
Last edited by Hog's Gone Fishin; 03-05-2021 at 05:38 AM.. |
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03-05-2021, 05:35 AM | #8158 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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This guy talks faster than I can hear. |
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03-05-2021, 07:36 AM | #8159 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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More BLOODBATH!
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03-05-2021, 07:38 AM | #8160 | |
Mod Team
Join Date: Sep 2011
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Quote:
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