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gunnarthor

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Everything posted by gunnarthor

  1. Yeah, I keep seeing things I missed but I have no idea what to do right now. All this unemployment, significant chance of a second wave, election year craziness. And the market is rocking? I've talked to some investment guys and they don't know. One guy thinks everything is ok but most everyone else says it's crazy. I dunno. I've definitely missed out on some buying opportunities but my wife and I will just continue to hoard cash for a bit.
  2. My father in law actually has told me a (supposedly) true story of a friend of his that was trading in cattle futures. He made a bunch of trades and a lot of money but you are supposed not be left holding the trade when it comes due. He was on vacation and forgot about it and got a call asking where he wants all this cattle to go to.
  3. Jesus, I should not have sold my stake in Shopify
  4. I thought this article was about right - https://www.bloomberg.com/news/articles/2020-04-15/all-the-views-of-how-the-stock-market-lost-its-grip-on-reality I think there will be better places to buy in the next few months but I've been pretty good at not timing the market so what do I know?
  5. Any of Carew, Mauer and Killer would be a valid #1. Great seasons by all and all three are legit HOFers. I'd probably give the edge to Mauer because I saw him that season and it was an amazing feeling seeing it all come together.
  6. I think you are right (although with my betting performance in the last year, that's probably the kiss of death). An adviser at Wells Fargo told that they expect some falls, some more buying opportunities, followed by more downs. They seemed pessimistic but they are also based in Florida.
  7. Man, I hope some of you are making money off this market. For the life of me, I can't figure this one out. I was sure the jobless numbers would kill the market but it's still rallying.
  8. I'm not sure Mauer is the most intelligent guy you could have picked. If you were going with 'eye' or something, I could get on board. It might depend on how you view him but the two views on Mauer seem to be that 1) he was the greatest Twin ever, don't criticize him or 2) he was a bum who wouldn't change his swing to tap into his power or even after opposing teams figured him out.
  9. I sold my stake in Shopify. Turned 5k into 42k. Appreciate the tip. I'm not allowed to make trades in my IRA account, very frustrating. But I'm not really a day trader so I haven't worried about it much. At this point, just hoarding cash.
  10. Looks like Mike's zoom purchases have worked out pretty well for him. Up 20 some percent since his purchase, I believe. Looks like today might the first day in six weeks with back to back positive numbers for the Dow and S&P.
  11. It's my fault. I bought a bit of Exxon when it hit its ten year low. I apologize to everyone. My opinion is that until the virus gets under control, the market won't be safe to invest in. Some stocks will ride this out better than others. I'll probably eventually make a fairly large buy in an index fund but not for a while.
  12. Rough day. I was in court all morning so came out to see the disaster. Out of curiosity, what platform are you using to do your trades?
  13. Sorry my friend. I'm home with kids today. Watching MSNBC. They had a BOA bigwig on whose advice was essentially don't sell, don't buy, wait. He says it takes a few months for a bear market to get to where it's going although this one might get there quicker. Long view, we should be ok. Short view, could be tough for a bit.
  14. I hope you do. Our company just added a lot of zoom accounts.
  15. Mother******* Trading halted right after the bell. Stocks plummet 7% right away.
  16. I don't know where this market will end up. We have maybe 50k in cash right now but we're just holding until things get settled. I actually wish I had sold like Mike but at this point, I'm committed to riding it out on the holdings I have. But I'm not adding right now. The virus is not going away and it's huge disruption on daily life. What happens to the market if we're pulling the national guard out to quarantine Chicago, Minneapolis or St. Louis? The NYTimes report about Seattle was really bad. Major sporting events are going to be cancelled or played without fans. Local economies are going to be disrupted significantly. I'm sure there will be some yo-yoing but I'm not a smart enough trader to get on those. Yesterday I was feeling good about Disney - today it dropped 5%. I don't know were the bottom is but I don't think we've gotten there. We've just entered a bear market but we could easily lose another 20% or more.
  17. Nice write up, Seth. I still have big hopes for those four hitters. I think all will make the majors.
  18. So today was even worse than I expected. Sold a few things at a loss although we'll get some tax incentives for that, I believe, over the next few years. Russia and Saudi Arabia's oil war is really bad for my portfolio.
  19. Virus and now an oil war - tomorrow is going to be another really bad day.
  20. I know there are deals to be had but I think we just have to wait a bit before we're going to add more. We've lost a TON in these two weeks. I want to see where things settle before jumping back in, which might be a bit. I think certain sectors that are being crushed - banking and energy - will have some huge value buys in the long run. Tech (broadly) seems to be holding up relatively well - ROKU might be a bargain, I like that stock a lot (which probably means it falls to 90 soon) - but stocks like Apple and Square seem to be doing (more or less) ok. Outside of Pfizer, I don't have anything that could even broadly be considered "healthcare" but UNH and ABBV look promising and we've thought about both.
  21. Down 700. I dunno. Hold and wait it out. But I also had that opinion in 08 when Wachovia was still in existence.
  22. I assume you meant UNH? I probably won't sell any of my holdings but we're still in it for the long haul - I'm not expecting an early retirement. But I think the next few years will be iffy so it might be good to sell now and pocket your earnings.* * I'm not a financial adviser and know nothing.
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