Time for bottom-feeding yet?

kmiklas

kmiklas

Y'all see a floor forming on this? Everything is shut down, I have $500 worth of toilet paper hoarded, the world is on quarantine, Disney is closed... is everything priced in?

Is it too late to get on the short/put train or is it time to start bottom-feeding?
 
kmiklas said:
Y'all see a floor forming on this? Everything is shut down, I have $500 worth of toilet paper hoarded, the world is on quarantine, Disney is closed... is everything priced in?

Is it too late to get on the short/put train or is it time to start bottom-feeding?
More...

My unsolicited advice:
Given your other thread about being whipsawed in this market, you should probably stay out for a week before making new projections. At least when that happens to me, that's what I do.
 
kmiklas said:
Y'all see a floor forming on this?
More...
For me to even entertain the possibility of a bottom, the DOW futures would have had to have remained above 22000. It failed to do so, so I would not dream of going long yet--not as long as the numbers keep falling.
 
newwurldmn said:
My unsolicited advice:
Given your other thread about being whipsawed in this market, you should probably stay out for a week before making new projections. At least when that happens to me, that's what I do.
More...
Good advice :thumbsup: I actually sold out on Thursday and have been sitting in the bleachers.

With all this volatility I feel like I'm missing out on my big chance.
 
Seems early for a bottom. I went through the 99 tech crash, 9/11, and 2008. Isn't it true that when you think things are bad they always get worse before they get better? Oil, restaurants, airlines, many thousands of Joe and Jane workers needing govt assistance, etc, etc. So much commerce and biz not being conducted for maybe months...

But then, if I had a decent feel and conviction for the markets over the years I'd have far more money! :rolleyes:
 
kmiklas said:
Y'all see a floor forming on this? Everything is shut down, I have $500 worth of toilet paper hoarded, the world is on quarantine, Disney is closed... is everything priced in?

Is it too late to get on the short/put train or is it time to start bottom-feeding?
More...

do not think... if it's long term just buy!
 
Just follow the sharks (hedge funds, brokers, banks), when they are buying, I am buying. When the sharks are selling, I am selling as well. When ET trolls are telling you anything, block every one of them. They have no clue and can only harm themselves. Let them.
 
smallfil said:
Just follow the sharks (hedge funds, brokers, banks), when they are buying, I am buying. When the sharks are selling, I am selling as well. When ET trolls are telling you anything, block every one of them. They have no clue and can only harm themselves. Let them.
More...
How do you know they are buying?
 
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