(03-02-2020, 05:39 PM)Dividend Watcher Wrote: Nothing to see here, folks. Move along.
Craziest dead cat bounce I've seen in a while. Pretty disappointing when I entered 6 not-so-lowball limit orders over the weekend and only one executed.
When the market gets like this, I hate it when I can't monitor it. I've been entering very low ball orders, then try to jump in and adjust up a few if it makes sense. It makes it a little faster with my brokers site. I had enough cash to make it impossible to manage last week. I missed some deals for sure. Of course some of them went lower the next day but we never know that.
Stocks often dip very low at the open, and back up within a minute. I don't even know if I could get those shares if I had an order down that low. I never buy a spike at the open. Drinking a cup of coffee and observing the first 30 minutes is often the best idea, but we never know.
And the dead cat did more than bounce. I've never seen anything like that. I hope the FED doesn't burn all it's powder at once. The Prez will scream but the market will get over it soon enough.