Home › Forums › Financial Markets/Economics › I am buying when everyone is selling
- This topic has 10 replies, 5 voices, and was last updated 4 years, 6 months ago by
Hobie.
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March 6, 2020 at 8:53 AM #22810March 8, 2020 at 4:30 PM #815254
gzz
ParticipantUh oh, pulled the trigger too soon!
I bet when market opens Oxy falls 20% or more. That is some bad timing.
Always start positions small!
March 8, 2020 at 5:58 PM #815255Coronita
Participant. Saudis just cut prices big time, and oil fell like $10/barrel and gold is over $1700/ounce. I think I’ll wait to $1800 to sell some of my bullion.
The other news, less incentive to buy an EV at moment.
My bi monthly DRIP should trigger on the 9th and 27th. buy low…..slowly…
March 9, 2020 at 6:57 AM #815278Coronita
Participanttime to shift my portfolio bfron 50/50 stock/bonds slowly back to 60/40 stock/bonds. What a steal. Drip drip drip.
Voo, Vb, Vo
very good lol. Done.March 9, 2020 at 11:07 AM #815286gzz
ParticipantHaha I picked a stock 1 day before it fell 48%! MRO.
Somehow I doubt Saudi Arabia and Russia will let themselves lose hundreds of billions out of spite for each other.
They also both had large budget deficit problems at $50 oil. $30 will destroy them.
Let’s hope for a V shape recovery!
I actually still outperformed today by two points due to all my shorts. But -5% rather than -7% still stings!
March 9, 2020 at 11:21 AM #815287spdrun
ParticipantAs long as the positively-sloped arm of the V stretches well beyond the 2020 general election, I’m all for it. Ride the Blue Wave. Universal healthcare for all … let’s hope this is Trump’s Waterloo.
March 9, 2020 at 11:37 AM #815290FlyerInHi
Guest[quote=spdrun]As long as the positively-sloped arm of the V stretches well beyond the 2020 general election, I’m all for it. Ride the Blue Wave. Universal healthcare for all … let’s hope this is Trump’s Waterloo.[/quote]
spdrun, maybe 4 more years of Trump would be better to create the wave that gives you what you want. we may need 4 more years of Trump to truly unmask all the deplorables. I find Trump abhorrent, but at the same time, America does truly deserve Trump.
March 9, 2020 at 11:52 AM #815291spdrun
Participant^^^ Isn’t four years of abuse enough to get the point across?
March 9, 2020 at 2:05 PM #815297gzz
ParticipantWow, oxy down 52% and MRO down 47% the one day after I buy!
Worst luck ever? For the day i am -5.5% when SP500 is -7.6%. Hedge funds charge 2 and 20 for that.
MET was also bad, -17%. Not understanding that. People worried a mass die off will require a lot of life insurance payments?
On the plus side for me: I am short VOO, Lyft, Uber, Tesla, MGI.
Of my three biggest positions, two have been largely immune: GBAB, a taxable muni fund, and KMB (Kimberly Clark).
I gingerly bought more of several companies today.
March 10, 2020 at 5:23 PM #815324Anonymous
GuestOccidental Petroleum Corp. OXY+14.63% shares were halted in Tuesday trading after the energy company announced that it was slashing its dividend to 11 cents per share from 79 cents per share, effective July 20. The company will also cut its capital spending to between $3.5 billion and $3.7 billion from $5.2 billion to $5.4 billion, with additional cost reductions expected.
March 10, 2020 at 6:08 PM #815326Hobie
Participanttoo bad gzz. Hopefully the Kimberly Clark will pull everything up now.
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