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gunnarthor

By gunnarthor
in The Sports Bar

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Mike Sixel Cooperstown

Mike Sixel

Old-Timey Member
Posted
Posted

Looks like Citron is going to knock down Shopify in the coming months again although the link to the promised future report is just the same article. Yahoo finance bugs me sometimes.

 

https://finance.yahoo.com/news/why-investors-want-believe-shopify-180850867.html

Then buy it when it drops for no good reason. Or don't, I am just an internet poster, not an advisor

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Brock Beauchamp
Brock Beauchamp

High fives, Mike. I'm in on Disney, Netflix, and Amazon. Amazon and Netflix in particular.   Patience is really the key with the market, IMO. I sat on a stagnant Amazon around $300 per share for over

Willihammer
Willihammer

I tend to side with Mike but could see selling too. Heard this market described as a "hated rally." The real question to me is what do you mean you're not working? TD just had 100,000 page views and d

LaBombo
LaBombo

Several fund managers are high on it.

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Mike Sixel Cooperstown

Mike Sixel

Old-Timey Member
Posted
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This is impressive.... I don't have any money besides my 401k and Roth in the market now, so this doesn't affect me too much. I am going to start a few 529 plans soon though.

 

Crazy drops considering how everyone is reporting huge earnings. If I had a job and cash....I'd be feeling good about buying in a week or two, once the dust settles. 

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gunnarthor All-Star

gunnarthor

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Today sucked. I don't think we've "lost" that much in one day since 08. Wells Fargo had a very bad day.

 

Not sure I'd jump into the market too soon. I think some of this is value correction and it might make sense to wait to see since this bull market has been going pretty long. Fortunately, I don't have a lot of cash on hand anyway. 

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ashbury Cooperstown

ashbury

Old-Timey Member
Posted
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You believe that the cat is dying? Maybe this is merely a fur ball?

It wasn't that long ago when I detailed my attempt to market-time the dotcom bubble ca 2000. So I'm not going there again - I'm just offering a cautious counterpoint -  all that glisters is not gold, and not all that bounces is still alive. :)

 

There is, however, a lot of money to be made in volatility. I'm just not expert enough to do it.

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Mike Sixel Cooperstown

Mike Sixel

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Dow futures are apparently down another 1000 at the moment. The cat could still bounce, but right now it's just lying there.

 

This still isn't into 10% "correction" territory yet, I should add. The numbers are just so huge anymore.

It's much worse than 10 for me! Anyone got a job they need filled?

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glunn Wichita Wind Surge

glunn

Community Moderator
Posted
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If I had executed my plan this morning, I'd have made a lot of money. Instead, I did what the experts say, and held my position and lost a fortune.

Please let us know the next time you have a plan.  :banghead:  I have a diversified portfolio and even some of the fixed income got fried.

 

I suspect/hope that you were up today. My sense is that the market will probably come back by the end of the year, but I continue to hedge with covered calls. I tried to buy back all my covered calls from the moment that the market opened today, but could not get my limit prices, even on Wells Fargo (which stinks for other reasons). My takeaway is the the people who are long on calls expect the market to come back. 

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Badsmerf Cedar Rapids Kernels

Badsmerf

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How hard is it to become a day trader at home? What are good books to read to begin learning about the market and all the intricacies? I watched the dirty money episode on valeant and becoming Warren buffet, now I'm intrigued how people making a living doing this. I'm a math major, so numbers and equations fit in with my skills. I'm not ready to start dabbling yet, but in a few years I might be. Mike, we could start a hedge fund with your money lol.

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Mike Sixel Cooperstown

Mike Sixel

Old-Timey Member
Posted
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How hard is it to become a day trader at home? What are good books to read to begin learning about the market and all the intricacies? I watched the dirty money episode on valeant and becoming Warren buffet, now I'm intrigued how people making a living doing this. I'm a math major, so numbers and equations fit in with my skills. I'm not ready to start dabbling yet, but in a few years I might be. Mike, we could start a hedge fund with your money lol.

 

funny guy!

 

I've thought about doing some day trading, but have not done it. When I act, I am often wrong, when I have a plan and don't act, I often wish I had.

 

When I got laid off, I did think about taking around 20K or so, and day trading with it, but I have not done so. Been trying to write a decent novel....and traveling a lot. Now that I'm home for some time, and am in rewriting and looking for some work, maybe I should day trade. But, day trading is a JOB, and a risky one at that. It's not something to sort of do....

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