Time for bottom-feeding yet?

[ironchef]

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?

No crystal balls here. All I know is my short term trades are now mid/long term holdings.

At least you don't have $50,000 worth of toilet papers hoarded or like the Tenn. brothers with 18,000 bottles of hand sanitizers.

 

[ElCubano]

When total cases peak then it should be priced in.

 

[smallfil]

How do you know they are buying?

You have to study the stockcharts. Each stock is different but, there are clues. A stock is falling then, stock stops falling. Who is keeping the stock from dropping after all, it is in a downtrend?
If a stock does not have enough buyers, wouldn't the stock keep falling? So, who is buying it and preventing it from going lower? Smart money or dumb money? Dumb money chases a stock at the top. Smart money bails out at the top. ET trolls, CNBC, Bloomberg all tell you the opposite of what you should be doing.

 

[Cuddles]

I tried grazing, the bears took a chunk instead

 

[The Humble Bunch]

not yet......this is the calm before the storm

 

[Cuddles]

not yet......this is the calm before the storm

this is not calm at all

 

[bone]

There are very distinct structural differences between the 2008 financial crisis and the current Coronavirus crisis. And at present we're talking about quarantine and isolation behaviors in terms of weeks or a couple months.

1. If you can collect some great names at the lower end of their 10 year trading range, and

2. If you can buy shares and not watch them (the classic buy and hold strategy)

 

[padutrader]

If you can buy shares and not watch them (the classic buy and hold strategy)

how many people can
that is why rich get richer.
the poor enter markets to get rich.
should they be discouraged?
I have been dreaming for 30 years.
if I had not played golf or the markets and if I had not eaten or bought clothes and motorcycles I would have been richest man in the world.
but I have my dream and I still do

 

[padutrader]

markets hammer a bottom

so look for a few lows not very far from each other before doing any kind of bottom fishing.