(03-18-2020, 05:57 PM)fenders53 Wrote:(03-18-2020, 05:14 PM)navyasw02 Wrote: What's up with O? I was about to pull the trigger, but luckily held off. I woke up to see it down big time.The market is systematically taking almost ever sector behind the woodshed for a flogging. The reason is obvious for airlines, cruise ships, restaurants etc. When a specific enough reason can't be found there is always the high probability of a recession and some individuals and businesses struggle to pay their bills. It's a real threat and nothing is truly worth as much as it was last month. This happens in every bear market. It's our job to assess when it's overdone and pick our entry. Then close your eyes and ears and don't get scared into realizing a paper loss when you failed to accurately pick the bottom. That's the hard part for many investors.
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JMHO but that's how it's always worked before. I went long O today for the first time ever.
I have different feeling on all this. To me the market as always over reacts. Sure we are tough times right now. But we were thriving before and will thrive again when this is all said and done. I remember in 09 when everyone panicked and said AAPL, MSFT and others were going bankrupt. Banks had to get bailed out. What happened 2-3 years later? They were all making new highs and were up 20x where they were when everyone panicked. I see the same thing happening here. Fear is a dangerous thing. The time its all about the corona virus. We are playing if safe right now and closing businesses so we don't harm ourselves or others. Health is the #1 concern right now. Money is 2nd to health. The market has sold off due to concerns. And those concerns are valid. But lets get one thing straight. People were buying at all times just a month ago. Many complained were way over valued. Well now you get your chance to built a strong portfolio and put money to good use for the next 5-10 years. Take advantage of the opportunities. They don't come around too often.
Its all a game with the shorts. And there winning right now. Lets them enjoy it. They deserve to win once in a while
China is over this mess and people and business are back to normal. We were 3 months behind them when this all started. Eventually we will come back and stronger then ever.
Anyway bought some WEN, O, DUK, MO, HAS, LMT, RTN, HRL, ABBV, DLTR and PG. Yes I went a little crazy today
This came from someone who works at Texas Roadhouse....
Alright guys update after tonight and receiving some corporate emails. Really rough. We did $992 dollars in sales last night which means we probably operated at a loss with roughly 25 employees. I did receive a 100 dollar tip tonight which was pretty heartwarming for everyone at work. Our payroll is much smaller and we have adjusted hours to 12-8 for the next 30 days for safety reasons. Most other Texas Roadhouses did between $815-1690 in sales. It will be a rough quarter for sure so obviously be prepared for that. The system does work well however and we are staying very safe. I will update you guys more when I receive news about emergency payment plan and more numbers soon.