stocks in meltdown mode
 

Figured we could cry in our beers here

:grouphug:

Re: stocks in meltdown mode
 

Not even looking at my 401K. Ignorance is bliss.

But FU China!

Re: stocks in meltdown mode
 

when Buffet was asked how much did he lose in the 2008 meltdown..he said nothing, because he never sold.

Re: stocks in meltdown mode
 

I know gotta keep the long road view but it's tough right now when you're getting dick punched daily

Re: stocks in meltdown mode
 

[quote=MTK;1246562]I know gotta keep the long road view but it's tough right now when you're getting dick punched daily[/quote]

I put everything into toilet paper with folks like Buffalo loading pallets in their truck

Re: stocks in meltdown mode
 

[quote=Chico23231;1246564]I put everything into toilet paper with folks like Buffalo loading pallets in their truck[/quote]

:rofl:

Re: stocks in meltdown mode
 

Good time to buy while its a red hot sale. For me its a game of when to buy. Waiting until I think its hit rock bottom then I have a few stocks I'm going to purchase.

When VW got caught cheating those emissions test I waited until their stock bottomed out and purchased $5,000 worth. I made a small fortune of that.

Re: stocks in meltdown mode
 

[quote=Back2RFK;1246609]Good time to buy while its a red hot sale.[/quote]

You think this is the bottom? I am going to be cautious, I really dont know where the bottom will be. if you thought is was last week and went all in then ..... yesh.

Re: stocks in meltdown mode
 

[quote=SunnySide;1246610]You think this is the bottom? I am going to be cautious, I really dont know where the bottom will be. if you thought is was last week and went all in then ..... yesh.[/quote]

I have no clue but even if you purchased last week you still got it on the down side.

Re: stocks in meltdown mode
 

I'm waiting for Bank Of America now at $20 to get between $16 to $14 a share and I'm buying maybe 300 shares. I've made good money of them tanking in the past. I sold my last BOA stock at $38 and my average purchase price was $13.

Re: stocks in meltdown mode
 

[quote=sdskinsfan2001;1246553]Not even looking at my 401K. Ignorance is bliss.

But FU China![/quote]

A Pension Fund Trustee told me that our fund took a big hit.

Re: stocks in meltdown mode
 

Any other tips on what might be good stocks to buy low? (Because i know nothing but have some money to play with and what better place to get financial advice than a sports team fan forum, right?)


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Re: stocks in meltdown mode
 

pure panic

Re: stocks in meltdown mode
 

[QUOTE=BigHairedAristocrat;1246625]Any other tips on what might be good stocks to buy low? (Because i know nothing but have some money to play with and what better place to get financial advice than a sports team fan forum, right?)


Sent from my iPhone using Tapatalk[/QUOTE]In the briefing today it was noted that 3M (the company) will gear up production of masks. That would be one, otherwise tech seems like a good bet and companies like homedepot that have no dog in the coronavirus fight but are getting slammed in the panic would stand out in my mind.

Speaking of tech, could you imagine how much worse this would be with remote learning, virtual meetings, and telework. Crazy.

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Re: stocks in meltdown mode
 

[QUOTE=Chico23231;1246931]pure panic[/QUOTE]



Another shot directly to the nuts today


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Re: stocks in meltdown mode
 

[quote=BigHairedAristocrat;1246625]Any other tips on what might be good stocks to buy low? (Because i know nothing but have some money to play with and what better place to get financial advice than a sports team fan forum, right?)


Sent from my iPhone using Tapatalk[/quote]

I wait and do CD's or a MM account till the market settles down .

Re: stocks in meltdown mode
 

was told by someone in the know, managing director in a well established trading firm several weeks ago said...no way less than 20k.

Welp...

Re: stocks in meltdown mode
 

Dell is at $27. It was between 50 and 70 all last year. First time i have bought stocks, i got 10 not much i know, but i cannot see Dell going under before it makes those losses up.

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Re: stocks in meltdown mode
 

[quote=CRedskinsRule;1247294]Dell is at $27. It was between 50 and 70 all last year. First time i have bought stocks, i got 10 not much i know, but i cannot see Dell going under before it makes those losses up.

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Seems like a smart buy, up to 33 right now.

Ive never bought an individual stock. I have a 401k, a couple CDs, a MM ... but I dont have like a td ameritrade account i can like play poker with.

Always wanted to.

Re: stocks in meltdown mode
 

[QUOTE=SunnySide;1247495]Seems like a smart buy, up to 33 right now.



Ive never bought an individual stock. I have a 401k, a couple CDs, a MM ... but I dont have like a td ameritrade account i can like play poker with.



Always wanted to.[/QUOTE]I didnt either. Was helping a friend work her computer and saw how easy it was and i opened this account with 300. I wish I had more because solid companies should bounce back once this passes.

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Re: stocks in meltdown mode
 

I think Im going to start an account today. Our phones at work are not ringing, courts closed .. this is the perfect time to actually get proactive.

edit - I opened an ameritrade account. I have lots of reading ahead of me to know what I just clicked and agreed to. Purpose was to buy some Boening stock bc it was at 94 this morning. Well by the time i get my account up and am ready to buy its now at 104 .. i didnt buy.

I think I put a buy in if it drops to 95 ... I hope I did it right.

Well see .. how much i lose.

Re: stocks in meltdown mode
 

[QUOTE=SunnySide;1247505]I think Im going to start an account today. Our phones at work are not ringing, courts closed .. this is the perfect time to actually get proactive.



edit - I opened an ameritrade account. I have lots of reading ahead of me to know what I just clicked and agreed to. Purpose was to buy some Boening stock bc it was at 94 this morning. Well by the time i get my account up and am ready to buy its now at 104 .. i didnt buy.



I think I put a buy in if it drops to 95 ... I hope I did it right.



Well see .. how much i lose.[/QUOTE]

Just looked at boeing out of curiosity. Looks like it went up a bit from 100. Hope you got a few shares.

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Re: stocks in meltdown mode
 

I know jack shit about investing. I am 36 and I have the middle tier 401k in terms of risk. Maybe even towards the lower end of risk. I put in 7% and really don't even look at it. Don't want to get too high or too low. Just gonna ride it out for the rest of my working life and hope for the best. But I couldn't imagine trying to decide what to buy right now. I definitely wouldn't sell though. Seems like a good time to get ripped off if you do.

stocks in meltdown mode
 

Don’t waste your time with trying to invest in individual stocks if you don’t know what you’re doing. Open up an IRA.


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Re: stocks in meltdown mode
 

[quote=MTK;1248134]Don’t waste your time with trying to invest in individual stocks if you don’t know what you’re doing. Open up an IRA.


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Check out an ROTH IRA.


"A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you've owned your account for 5 years* and you're age 59½ or older, you can withdraw your money when you want to and you won't owe any federal taxes."



Almost all firms offer them

Re: stocks in meltdown mode
 

[quote=CRedskinsRule;1248124]Just looked at boeing out of curiosity. Looks like it went up a bit from 100. Hope you got a few shares.

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I shat the bed. Set the buy at 95, didnt get to it that day so I cancelled the order the next day. If I had let it ride, it did dip below 95 for literally a minute a few days ago and I would have had my 15 shares. But I didnt.

182.84 currently ..... fml.

Also targeted twitter at 18, never came close.

Matty - i dont know, I think targeting certain individual long term stocks is the way to go right now. nibble. but yeah, once the general recovery begins, just ride the market.

lockheed martin pays dividends, may target that but its at 342 now.

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When trump says "we have to protect boeing" = that is a clear sign to buy. it was down to below 100, thats insane.

the only reason I took money from a MM and opened an ameritrade was bc of Cred and trump saying that about boeing. then when i looked up boeing that day, it was so low at 94 i had to finally act.

anyway .. much ado about nothing as i still have the orig 3k i put into my ameritrade acct when i opened. have made 0 buys and now think I may have missed my time w boeing.

Re: stocks in meltdown mode
 

[quote=MTK;1248134]Don’t waste your time with trying to invest in individual stocks if you don’t know what you’re doing. Open up an IRA.


Sent from my iPhone using Tapatalk[/quote]

Right now, I think you can look at the previous 12 months. For example, Dell was trading the full year between 50 and 70. After Feb 22nd (CV) it's tanked to 27. It's now at 42. The key is to see which stocks might have nosedived from a consistent baseline, to a multiyear low. I would never day trade in a normal market because I am not that smart, but right now you can look at some stocks and see that they "should" at least get close to their pre-CV position, or if not all the way, at least enough to pick up solid short term gains, and positions in value stocks.

Re: stocks in meltdown mode
 

[quote=Giantone;1248137]Check out an ROTH IRA.


"A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you've owned your account for 5 years* and you're age 59½ or older, you can withdraw your money when you want to and you won't owe any federal taxes."



Almost all firms offer them[/quote]

That is how I set the Ameritrade account i used for Dell as. My understanding is it is the best retirement vehicle there is.

Re: stocks in meltdown mode
 

[quote=SunnySide;1248140]I shat the bed. Set the buy at 95, didnt get to it that day so I cancelled the order the next day. If I had let it ride, it did dip below 95 for literally a minute a few days ago and I would have had my 15 shares. But I didnt.

182.84 currently ..... fml.

Also targeted twitter at 18, never came close.

Matty - i dont know, I think targeting certain individual long term stocks is the way to go right now. nibble. but yeah, once the general recovery begins, just ride the market.

lockheed martin pays dividends, may target that but its at 342 now.

----------------------

When trump says "we have to protect boeing" = that is a clear sign to buy. it was down to below 100, thats insane.

the only reason I took money from a MM and opened an ameritrade was bc of Cred and trump saying that about boeing. then when i looked up boeing that day, it was so low at 94 i had to finally act.

anyway .. much ado about nothing as i still have the orig 3k i put into my ameritrade acct when i opened. have made 0 buys and now think I may have missed my time w boeing.[/quote]

Sorry to hear that. Especially if my words encouraged a bad money move :(

Re: stocks in meltdown mode
 

[quote=CRedskinsRule;1248144]Sorry to hear that. Especially if my words encouraged a bad money move :([/quote]

bad money move? no man, i went in w 3, still have 3, money never left my pocket.

i just always wanted to move some money from this super low int MM account to an ameritrade account but just always put it off. then i read you did it, saw boeing below 95 and got motivated to get off my ass.

so thank you

this thing is going to balloon in a week or so, who knows what happens but now I am ready. I can put in a buy off my couch if there is another boeing type situation.

Re: stocks in meltdown mode
 

Maybe I'll buy some stock this weekend just for something to do besides watch TV all weekend. And by some I mean like 2 shares of something lol.

Re: stocks in meltdown mode
 

exxon appears to be a good buy.

normally in the 70-80 range, dropped to a low of 31 3 days ago. Coronavirus and oil battle has cut its normal value in half.

now its up to 39 and rising.

pretty volatile though considering russia and SA are pulling the strings here so they are more effected by that potential long term battle vs corona which seems stocks should start recovering from now or soon.

[url]https://www.google.com/search?source=hp&ei=MM98XuvSJsWoytMPt9iH6Ao&q=exxon+stock&oq=exxon+stock&gs_l=psy-ab.3..0i131i70i250j0i131l5j0j0i131l2j0.167.1420..1720...0.0..0.54.446.10......0....1..gws-wiz.DRWAnhfvvIY&ved=0ahUKEwjrqt-Dv7joAhVFlHIEHTfsAa0Q4dUDCAc&uact=5[/url]

---

bought about 1k at 39.41 ... got it at 39.11

cool.

I am now an oil barron.

Re: stocks in meltdown mode
 

Is anyone nibbling on stocks?

I might buy some more Exxon.

Oil prices are underwater but exxon is holding steady at 44

---------------

Went Boeing, if it drops to 139

bank of America is real attractive

Re: stocks in meltdown mode
 

I've nibbled at 5 cheap stocks that took nose dives.
A construction stock (NOA) that was trading consistently around 11 before the collapse, i bought a few shares at 4.86
Angie's List (ANGI) which was around 14, I bought a few at 5
An oil group stock (IMO) which was around 26, I bought a few at 12
And Dell which was around 50, I bought at 30.

I am thinking of getting Cinemark which was around 30, and is at 13.

I basically look for stocks that had steady 1 year numbers, and their dive was obviously due to CV. All told, I'm only putting in tiny number priced stocks where when the dow gets back to normal, they should see a 2 to 3x turnaround. Once the dow is back to normal, I probably will trade them all in to an index mutual fund or something of the sort.

Re: stocks in meltdown mode
 

^^ thats smart CRed. I am def going to put decent money into a mutual fund once the market stablizes and starts to rise.

For now, Im trying to pick off some good traditionally solid stocks with dividends that I can just hang onto for the next 20-30 years.

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I think I screwed the pooch again with boening. before i wanted to buy when it was sub 100 but set my buy mark at like 95, it went as low as like 96 but never 95 and now its up to 141.

today, i should have just automatically bought it at 140 vs setting a price mark at 139. like the 1 dollar on a 10 stock order really matters ... thats $10 total of a deal vs no deal. lol

lessons not learned .. oh well, leave the order on for a few days to see if it hits 139.

Re: stocks in meltdown mode
 

It is kinda fun to play around in the market where long term upside seems a better bet than dropping deeply.

Trying not to go with companies that might not make it out of this thing intact is the hardest call. Airbus(EADSY) is one of those, and my only real flop. I bought it around 21 and its at about 14 now. And its upside was 35 or 1.5 times. I chose it over american companies because i dont think all the airlines survive, and I am not sure which ones make it out, and the buy in was under 50 per share.

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Re: stocks in meltdown mode
 

[quote=CRedskinsRule;1250090]It is kinda fun to play around in the market where long term upside seems a better bet than dropping deeply.

Trying not to go with companies that might not make it out of this thing intact is the hardest call. Airbus(EADSY) is one of those, and my only real flop. I bought it around 21 and its at about 14 now. And its upside was 35 or 1.5 times. I chose it over american companies because i dont think all the airlines survive, and I am not sure which ones make it out, and the buy in was under 50 per share.

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Good call. Apply a filter to exclude companies with corporate credit ratings lower than the yellow you see here. That's automatically going to limit you to companies with the balance sheet strength to weather this storm. From there search within industries among the remaining, and filter for value indicators as you normally would.

[IMG]https://www.researchgate.net/profile/Ozlem_Deniz_Basar/publication/332126048/figure/tbl3/AS:743869733937154@1554363773811/International-Credit-Rating-Agencies-Scores-Meanings-and-Color-Coding.png[/IMG]

Re: stocks in meltdown mode
 

🙃😝😂

Re: stocks in meltdown mode
 

[quote=CRedskinsRule;1250090]It is kinda fun to play around in the market where long term upside seems a better bet than dropping deeply.

Trying not to go with companies that might not make it out of this thing intact is the hardest call. Airbus(EADSY) is one of those, and my only real flop. I bought it around 21 and its at about 14 now. And its upside was 35 or 1.5 times. I chose it over american companies because i dont think all the airlines survive, and I am not sure which ones make it out, and the buy in was under 50 per share.

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so i sold both dell and angi's list after hitting my personal targets, airbus just broke back over the 21. Angi's list gain was 130%, Dell's was about 80% I sold because they both are in the trading range pre-covid, and I am expecting that there will be another drop where i move it all into a standard mutual fund for long term stability and growth. I bought some penny stocks too, again nothing crazy risky in terms of what I put in, but one I bought at 29 cents is now over a dollar, and the weirdest one was a company I bought at 40 cents, and then they did a reverse stock split, or consolidation, and for every 20 shares they merged them and gave you 1 at the equivalent price. Crazier still is if you had 1 over the 20 they rounded up and put 1 more stock on. Right now it's trading at about 9 per share which is a positive, but not as much as 40cent to $9 would make you think.

Overall, my trades were really penny ante compared to what real investors could do for funds, so I guarantee that ALOT of rich people got alot richer still through this little dip. Take that you conspiracy gurus!!!

Re: stocks in meltdown mode
 

I think I must have made over 1k easy the past month. Lol forgot my password to sign into my Ameritrade account

Exxon bought at 39 is 53 now
Boeing bought at 139 is 205 and on a tear
Alibaba bought at 202 is 219
Bank of America around 22 is 28

I’m just going to hold onto these for the long long term. Will continue to nibble.

I imagine rich dudes are getting real rich if a dumb schlub like me can make a 30% plus ROI in a matter of a month or two.

I might drop some serious money on alibaba even with the delisting talk, it could turn into a 2k share stock in 5 years