ES Journal - 2021/2022

[schizo]

IMHO, META is a bargain buy, can it fall lower? Yes, so what?

But judging from what I've seen in the two previous bear markets (2000 and 2008), you would be amazed to see these "bargains" today can actually turn out to be "real cheap bargains" tomorrow. Not saying your premise is wrong, but what you're seeing is not a bull market pullback. You shouldn't approach the bear market as you would a bull market.

 

[Master Pu]

Think of it this way. A store is struggling to stay in business, so it lowers its prices. Then lowers them again and again and again. Maybe it survives. Not saying META is going anywhere.

But the above example and META have in common that not many want what they are selling currently.

That should tell you something ... besides its a bargain.

No kidding a bargain ... to attract buyers.

$383 is ATH, wasn't it a "bargain" @ $283 and $183 and $153 and ... and ... ?

At some point I suppose it will be. Most savvy long term investors wait for some kind of turn. And if they guess wrong let their stop take them out. Then wait for the next turn.

Proper use of stops negates all that "might miss out" waiting for a turn.

Just my 2 cents.

To each his own. I don’t understand why you ask questions like was it a bargain at ATH, I didn’t start buying anywhere near ATH. I believe in Mark and his team, he is a winner and META is a financially sound company. You can choose to chase when price turns, you didn’t really say when you’d consider trend reversal anyway, I choose to buy when price falls and keeps falling.

 

[Master Pu]

But judging from what I've seen in the two previous bear markets (2000 and 2008), you would be amazed to see these "bargains" today can actually turn out to be "real cheap bargains" tomorrow. Not saying your premise is wrong, but what you're seeing is not a bull market pullback. You shouldn't approach the bear market as you would a bull market.

You could also miss the train entirely by waiting a repeat of .com or credit crunch, neither scenario are likely at present.

 

[schizo]

Until fed speech, we are still going up. Are you happy with 1% a day? Instead of 2%…

On what ground are you so certain?

 

[SunTrader]

To each his own. I don’t understand why you ask questions like was it a bargain at ATH, I didn’t start buying anywhere near ATH. I believe in Mark and his team, he is a winner and META is a financially sound company. You can choose to chase when price turns, you didn’t really say when you’d consider trend reversal anyway, I choose to buy when price falls and keeps falling.

I said:-

"...wasn't it a "bargain" @ $283 .... and $183 ... and $153 ... and ... and ... ?

IOW after it dropped $100 and so on, not @ ATH.

"I choose to buy when price falls and keeps falling."

Really? That's gotta be a typo?

 

[schizo]

You could also miss the train entirely by waiting a repeat of .com or credit crunch, neither scenario are likely at present.

I'm just saying. No need to get riled up. Wish you the best all the same.

 

[formikatrading]

Because some well-known folks on this site keep trying to short this market!

On what ground are you so certain?

 

[schizo]

I said:-

"...wasn't it a "bargain" @ $283 .... and $183 ... and $153 ... and ... and ... ?

IOW after it dropped $100 and so on, not @ ATH.

"I choose to buy when price falls and keeps falling."

Really? That's gotta be a typo?

You ever heard of "dollar cost averaging"? When price falls, it's considered a bargain. That's what INVESTORS do.

 

[Master Pu]

I said:-

"...wasn't it a "bargain" @ $283 .... and $183 ... and $153 ... and ... and ... ?

IOW after it dropped $100 and so on, not @ ATH.

"I choose to buy when price falls and keeps falling."

Really? That's gotta be a typo?

Not a typo. This is exactly what investment is all about. You seem to be confusing it with trading.

 

[schizo]

Because some well-known folks on this site keep trying to short this market!

Nah, I go both long and short. I'm more flexible than you might think.

(Whereas some folks only go LONG.)