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      03-27-2020, 03:18 PM   #243
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Yeah I sold the stocks I bought Wednesday (xom voo vti sbux pk) with a 4% loss. The house bill didn't do anything for investor confidence. I doubt when the president signs it we will see anything either, but maybe.

Things are only going to get worse over the weekend and I think we will see another drop Monday. I'm checking some after hours trading and it seems like people are selling off.

i'll keep my long termers as they are already in the red and have been for some time.
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      03-27-2020, 03:22 PM   #244
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I don't think it'll go up when it gets signed because that's expected and already priced into the market.

Not sure what's gonna help the market stay green from here on out - we've heard all the good news we're probably going to see for a while. Downhill from here.
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      03-27-2020, 05:52 PM   #245
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Bought USO (oil) today. It hit .04 from the 52 week low. Plan on holding until everything comes back and Opec makes a deal. I'm still 65% cash currently and will keep looking for more deals to be had. Might even pump the account some more to take advantage of everything happening.
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      03-27-2020, 06:03 PM   #246
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I'm expecting at least a 20% drop throughout April and then a VERY slow climb for the remainder of the year. It will then drop a bit again when COVID19 makes its way back in the winter. It will spook the market, but hopefully by then, the US and the world will be much better prepared and manage it better will shutting the whole freaking world down. I think it will take 2 solid years to come back from this. It is what it is.

Some small and large businesses will close up for good. New businesses will be created. Jobs will be lost and then created. Everything will recover, it will just be slow. Perhaps this virus will teach some larger companies to better plan and hold reserves rather than over-leverage themselves. The market was over-valued before this happened. Probably 10-15% over-valued. Maybe the rose-colored glasses can now be tossed in the trash.

Governments need to learn from this. It could have been a more dangerous/deadly virus.
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      03-27-2020, 06:20 PM   #247
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I've been opportunistically buying with a very long-term outlook. Picked up DIS, GPS, CMG, NKE, and am having a little fun with GUSH and JBLU. Outside of that it's just index funds. Been out of the market for a while as valuations didn't make sense to me. Now they've come down to earth and I'm happy with my purchase levels.

I see more value out there but I'm barred from owning most equities, given my line of work.
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      03-27-2020, 06:47 PM   #248
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Quote:
Originally Posted by Tommysalami View Post
I don't think it'll go up when it gets signed because that's expected and already priced into the market.

Not sure what's gonna help the market stay green from here on out - we've heard all the good news we're probably going to see for a while. Downhill from here.
The last 3 day rally was exactly with that in mind. The expectation that the bill was going to pass. Now thats over with.....I predict next week will be another blood bath.
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      03-27-2020, 10:39 PM   #249
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https://apple.news/ANATzuxHpTBONTnFo8kn6jg
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      03-27-2020, 10:42 PM   #250
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Did anyone buy Live Nation like I mentioned? More than doubled since all time low on March 18th at $22. Its $47 now.
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      Yesterday, 06:43 AM   #251
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It's really difficult not to jump in right now, but I'm expecting Monday to be another bloodbath so holding off for now.

Anyone got any buys they are keeping their eye on next week? Or holding out for longer term?
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      Yesterday, 08:57 PM   #252
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Quote:
Originally Posted by Masterplan View Post
It's really difficult not to jump in right now, but I'm expecting Monday to be another bloodbath so holding off for now.

Anyone got any buys they are keeping their eye on next week? Or holding out for longer term?
Will be watching OFS very closely, and maybe DRI, DIS, SYY, USFD. Will go in when I feel the time is right. Mainly watching fiber optic and food distribution companies.

How about you, any picks?
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      Today, 06:05 AM   #253
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The experts keep saying Cisco is a buy now, but they have said that for a while.
We have some Darden, but I figure it's more for the long term.

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      Today, 07:00 AM   #254
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Buddy of mine buying ATT and Wells Fargo for divis
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      Today, 07:18 AM   #255
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Quote:
Originally Posted by XutvJet View Post
I'm expecting at least a 20% drop throughout April and then a VERY slow climb for the remainder of the year. It will then drop a bit again when COVID19 makes its way back in the winter. It will spook the market, but hopefully by then, the US and the world will be much better prepared and manage it better will shutting the whole freaking world down. I think it will take 2 solid years to come back from this. It is what it is.

Some small and large businesses will close up for good. New businesses will be created. Jobs will be lost and then created. Everything will recover, it will just be slow. Perhaps this virus will teach some larger companies to better plan and hold reserves rather than over-leverage themselves. The market was over-valued before this happened. Probably 10-15% over-valued. Maybe the rose-colored glasses can now be tossed in the trash.

Governments need to learn from this. It could have been a more dangerous/deadly virus.
Quote:
Originally Posted by XutvJet View Post
I'm expecting at least a 20% drop throughout April and then a VERY slow climb for the remainder of the year. It will then drop a bit again when COVID19 makes its way back in the winter. It will spook the market, but hopefully by then, the US and the world will be much better prepared and manage it better will shutting the whole freaking world down. I think it will take 2 solid years to come back from this. It is what it is.

Some small and large businesses will close up for good. New businesses will be created. Jobs will be lost and then created. Everything will recover, it will just be slow. Perhaps this virus will teach some larger companies to better plan and hold reserves rather than over-leverage themselves. The market was over-valued before this happened. Probably 10-15% over-valued. Maybe the rose-colored glasses can now be tossed in the trash.

Governments need to learn from this. It could have been a more dangerous/deadly virus.

I think you're spot on
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      Today, 08:30 AM   #256
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Anyone buying dividend stocks is stupid. When ATT runs out of cash, they sure as hell aren't going to send you any more.
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