What Did You Buy Today?

[fenders53]

(03-11-2020, 02:30 PM)stockguru Wrote:

(03-11-2020, 02:16 PM)Kerim Wrote:

(03-11-2020, 10:13 AM)fenders53 Wrote: Capitulation is finally here for BA.

Dropping like a stone right now -- $190.

Everything is dropping like a stone. There goes everyone's retirement and pensions. So now the  Cpronavirus is a pandemic?? Give me a break!!

Look at these stocks. At this rate we me be back to Dow 15,000 lol.  UPS, FDX, WFC, DIS, UNP...... I cant list enough names.. 

I didn't take it seriously either and it cost me some money jumping in too early.  It may or may not be the Spanish Flu in the end, or even much more deadly than seasonal influenza, but our perception is not as important as the world and market's perception.  We've seen enough to know it is in fact highly contagious, and that alone means it will take a high death toll in the elderly.  When public events are cancelled, there will be a substantial loss of GDP in so many industries.  That's the reality whether it's overblown or not.  I watched DIS, FUN and my airline stocks get hurt for obvious reasons.  Then the rest of the industry to include BA and their suppliers I own like UTX, RTN etc.  It just steam rolled half my port.      

I learn new lessons from every market correction.  It's been really obvious the world was taking this very seriously long before I did.  This will pass of course, but I could have handled it much better had I opened my mind much earlier and traded accordingly.