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06-11-2020, 01:43 AM
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#2011
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Registered User
Join Date: Mar 2020
Posts: 324
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Quote:
Originally Posted by Big Russ
It's been quite a ride. I got totally out of equities at about 3300 in Feb, and went back all in at about 2600 in March. I did not want repeat of 2008 to my 401(k) accounts, and figured this could be my last chance at making some better moves prior to retirement.
My gut keeps telling me that between the upcoming election and how sharp this move has been, I'm skating on thin ice. I will not hesitate to bail out and protect the stash when things turn.
Thanks for these updates!
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No problem. It's gives me a reason to keep on top of the data collection. If I don't stay on top of it I miss the big moves.
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06-11-2020, 08:44 AM
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#2012
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Looks like profit taking today..... 
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06-11-2020, 08:56 AM
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#2013
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Quote:
Originally Posted by mikesal57
Looks like profit taking today..... |
Or the start of something bigger. You never know.
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06-11-2020, 09:36 AM
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#2014
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Registered User
Join Date: Mar 2017
Posts: 1,033
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I sold out Tues all my stocks that weren't long holds to get cash, 25% of total stock money in cash, hoping for a chance to buy things at a lower price than they are now. Know they won't get down to the March lows, but right now everything is to high IMO
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06-11-2020, 10:55 AM
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#2015
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Quote:
Originally Posted by Secondbest
Or the start of something bigger. You never know.
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It is....20 states reported covid increases....
I'm starting to move my money because I dont think we will recover like we did the first round where we lost 20% of our investments...
The only way things will bounce back fast is....A CURE!!!
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06-11-2020, 11:38 AM
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#2016
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,640
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Quote:
Originally Posted by Tape Reader
I apologize. I was all wrong.
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were you?
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06-11-2020, 11:39 AM
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#2017
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,640
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Quote:
Originally Posted by mikesal57
It is....20 states reported covid increases....
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Why wouldn't they? States are "opening up"
Were people under the impression that opening up would lead to a decrease in cases?
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06-11-2020, 11:41 AM
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#2018
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,764
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Quote:
Originally Posted by oughtoh
I sold out Tues all my stocks that weren't long holds to get cash, 25% of total stock money in cash, hoping for a chance to buy things at a lower price than they are now. Know they won't get down to the March lows, but right now everything is to high IMO
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eventually they will go lower than in March
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06-11-2020, 11:50 AM
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#2019
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Quote:
Originally Posted by PaceAdvantage
Why wouldn't they? States are "opening up"
Were people under the impression that opening up would lead to a decrease in cases?
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who said that..... 
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06-11-2020, 12:51 PM
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#2020
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Registered User
Join Date: May 2010
Posts: 2,021
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Quote:
Originally Posted by Tape Reader
Start selling. Sharp reversal ahead.
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GREAT call, again.
I took your "I was wrong" as tongue in cheek. 5% down in the Dow is certainly a sharp reversal.
The ? is, is it the beginning?
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06-11-2020, 01:36 PM
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#2021
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Registered User
Join Date: Dec 2011
Posts: 148
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Quote:
Originally Posted by lamboguy
eventually they will go lower than in March
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I got out end of day Tuesday as well. I'm now locked out for 3 months with the frequent trader thing with my 401k, so I'm on the sidelines until September. I'm probably out until after the election.
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06-11-2020, 01:52 PM
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#2022
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by tbwinner
GREAT call, again.
I took your "I was wrong" as tongue in cheek. 5% down in the Dow is certainly a sharp reversal.
The ? is, is it the beginning?
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Thank you. Exactly as it was meant.
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06-11-2020, 06:16 PM
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#2023
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,640
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Quote:
Originally Posted by Tape Reader
Thank you. Exactly as it was meant.
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Wut?
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06-11-2020, 06:31 PM
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#2024
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by PaceAdvantage
Wut?
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The market went up one day after my post for a sharp reversal. I made a flippant remark that I was wrong. It was poor judgement.
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06-11-2020, 06:34 PM
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#2025
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,640
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Quote:
Originally Posted by Tape Reader
The market went up one day after my post for a sharp reversal. I made a flippant remark that I was wrong. It was poor judgement.
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Yeah...the market went up pretty good...so why would anyone take your remark as tongue in cheek? I thought you were dead serious...
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