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Old 06-27-2016, 11:23 AM  
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Old 03-05-2021, 10:06 AM   #8176
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by Hammock Parties View Post
Not even looking at this ****ing assbag anymore.

Placed limit sell orders and praying they get filled in the next 60 days.
LOL, This is called tough Love for the stock trader. Time to shut down any device that lets you peek at your portfolio and get on a boat for a few weeks which I plan to do in May.
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Old 03-05-2021, 10:11 AM   #8177
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Originally Posted by lewdog View Post
I thought these were your stonks?
i pulled back the chart and stonks only go up

however i won't sell anything at a loss - i refuse to do that

and no sell orders on FRX or CCIV - i see long term gain with both
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Old 03-05-2021, 10:18 AM   #8178
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Here you go, follow this guys advice because he's DeadNSyde
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Old 03-05-2021, 10:39 AM   #8179
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I can see the weak hands starting to get flushed. The correction has a little more downside left.

Called this drop perfectly.

This old dog has seen this too many times before.
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Old 03-05-2021, 10:42 AM   #8180
Hog's Gone Fishin Hog's Gone Fishin is offline
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Was just watching a youtuber and he brought up a Great point about this dip.

We had a huge correction last year in March. (The Covid crash)

So when that happened there was TONS of investing on that dip.

Now its 365 days later. Investors are taking profit because of the tax implications of holding the stonks for 1 year.

Common sense says there has to be some truth in this.
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Old 03-05-2021, 10:47 AM   #8181
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Old 03-05-2021, 10:53 AM   #8182
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Quote:
Originally Posted by Hog's Gone Fishin View Post
Was just watching a youtuber and he brought up a Great point about this dip.

We had a huge correction last year in March. (The Covid crash)

So when that happened there was TONS of investing on that dip.

Now its 365 days later. Investors are taking profit because of the tax implications of holding the stonks for 1 year.

Common sense says there has to be some truth in this.
That's a good point. I was actually waiting for a year to pass before selling some of the stocks that I bought in the dip (I purchased many on 3/11). The market bottomed out around March 20th.
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Old 03-05-2021, 10:53 AM   #8183
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Quote:
Originally Posted by Hog's Gone Fishin View Post
Was just watching a youtuber and he brought up a Great point about this dip.

We had a huge correction last year in March. (The Covid crash)

So when that happened there was TONS of investing on that dip.

Now its 365 days later. Investors are taking profit because of the tax implications of holding the stonks for 1 year.

Common sense says there has to be some truth in this.
That's a really good point. Maybe I should buy some more cruise ship stock.
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Old 03-05-2021, 11:08 AM   #8184
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The market will go up a couple days, suck people back in and then one last final flush.
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Old 03-05-2021, 11:09 AM   #8185
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Quote:
Originally Posted by Hog's Gone Fishin View Post
Was just watching a youtuber and he brought up a Great point about this dip.

We had a huge correction last year in March. (The Covid crash)

So when that happened there was TONS of investing on that dip.

Now its 365 days later. Investors are taking profit because of the tax implications of holding the stonks for 1 year.

Common sense says there has to be some truth in this.

I think it’s more than just profit taking. There are some real indicators that aren’t great. Fuel prices unemployment. The treasury bond stuff I posted about a few days ago.
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Old 03-05-2021, 11:17 AM   #8186
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Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?

The answer to this will give you your answer to the market direction.
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Old 03-05-2021, 12:29 PM   #8187
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Quote:
Originally Posted by scho63 View Post
Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?

The answer to this will give you your answer to the market direction.
I think the only events/market changing dynamics are the eventual reopening of society. People do have money to spend (by and large) and a lot of pent up energy. That, rationally, should be good for the economy/market.

But if there's one thing we've learned over the past year, it's that the market does some funky shit sometimes.
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Old 03-05-2021, 12:46 PM   #8188
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I think the only events/market changing dynamics are the eventual reopening of society. People do have money to spend (by and large) and a lot of pent up energy. That, rationally, should be good for the economy/market.

But if there's one thing we've learned over the past year, it's that the market does some funky shit sometimes.
Yeah, and I feel like that's already priced in on a lot of stuff.

Except the soft drink stocks for some reason. The big ones haven't recovered. I'd read that their business was down due to restaurants selling fewer, but you'd think that they'd bounce back as we get closer to opening. KO and PEP are still down from last March, and Dr. Pepper is down for the year (though up from last March). At my age, I kind of like those stocks in general because I think they (usually) give me a reasonable return with low risk, and that's where I want to be these days.
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Old 03-05-2021, 12:52 PM   #8189
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Originally Posted by scho63 View Post
Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?

The answer to this will give you your answer to the market direction.
HOW ABOUT THE ECONOMY REOPENING!
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Old 03-05-2021, 12:55 PM   #8190
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Originally Posted by scho63 View Post
Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?

The answer to this will give you your answer to the market direction.
Stimulus
Positive vaccine news
Economy news on opening back up
Economy actually starting to open back up
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