(03-03-2020, 02:25 PM)divmenow Wrote:OK stock Swami, how many predictions you got in your crystal ball? I'll hit you later with a few tickers I need you to call out.(03-03-2020, 01:51 PM)kblake Wrote: Keep going down market. Another 2000 point loss would be great lol. I sold a lot of equities this morning and am now in 60% cash. I see it get much worse from here on out. Just too many issues to deal with now. I'm not buying until I see things improve in China.
I have a ton of stocks I'm watching but I wont be buying until I see better prices. Like Otter said. We need to get down to more reasonable levels.
GOLD and REITS should do well now in this environment.
Great minds think a like lol. I lightened up as well. I'm not 60% cash but almost 50%. I see a lot of great bargains coming our way.
MMM at $120
IBM at $110
AAPL at $175
I don't argue with anything Otter says. I just know we'll never time the market bottom unless it's blind luck. I am coming from the opposite direction than many of you guys because I was WAY too cashy. I couldn't get back in fast or deep enough last January. Of course I thought there was no rush after that beat down with a V bottom. I will trade my way in and out of stuff for now some just to take the sting out of some of my way too early buys. (and it entertains me to be honest). I have covered calls on a few of my DGI sticks like JNJ, PEP and a few others. I buy a few back every time the market has a bad day. Sold a few again yesterday. Looks like I'm buying back some again tomorrow.