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Coronavirus/Stocks when to buy

bazokajoe

Well-known member
Nov 6, 2010
9,251
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There will be more ups and downs before it's over. Will tomorrow be a down day as people may not want to hold stocks over the weekend? Waiting for another big drop to buy more shares of blue chips.
 

babyfinsta

Well-known member
Jul 2, 2005
2,372
31
48
On top of yo mama!
picked up some puts today after the run-up the last few days. I think somebody forgot to tell COVID that the US put out a $2T rescue package...Hopefully he will have heard and decide to stop infecting people now...
 

Zoot Allures

Well-known member
Jan 23, 2017
1,591
294
83
As you cannot predict the bottom, best to drip it in starting now. The market plunged because investors are taking it out. I am not sure I understand it all. Are not profesionals the biggest investors IE insurance companies etc. Why do they panic and take it out?

As soon as they announce a vaccine up she goes
 

Zoot Allures

Well-known member
Jan 23, 2017
1,591
294
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https://terb.cc/vbulletin/showthrea...e-stock-market-meltdown&p=6651991#post6651991

If you read my post early this week I used AC as an example of a stock that would take a tumble during times like these. It's going to get worse for the airline industry worldwide and it's going to take time before they recover, going long it's prudent, bad news makes you money now.

VBB
Very foolish to buy individual stock. Even the experts cannot beat the average. Buy the index.
 

angrymime666

Well-known member
May 8, 2008
972
536
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come next month I may be adding bce, enb, td and su. depending on which ones will be under performing in term of price.
 

daywalker11

Mongerer
Dec 27, 2011
507
107
43
Toronto
Financials are compelling at this price. We are getting to the point where things are going to get crazy. Either this is a massive overreaction in which case stocks are going to be a bargain, or we see things get out of control in which case these mass closures are going to start a massive domino effect. If it is the latter, we are in big trouble.
 

tribunus

Terror Belli Decus Pacis
May 26, 2008
2,916
1,422
113
I've been sitting on the sidelines content to wait things out since my portfolio was big bank & telecom heavy but I dipped my foot in the health & medical field today with shares of Abbott Laboratories and Johnson & Johnson. They have prominent roles in the battle against COVID stateside.
 

nottyboi

Well-known member
May 14, 2008
22,447
1,325
113
American Airlines now selling $12.25 per share.
Problem with Airline is: massive amounts of capital parked , storage and maint fees for said capital. No end in sight to shut down. When they are cleared to operate will anyone have any money to fly? BUT oil is cheap.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
1,103
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The time to buy is now.
 

VERYBADBOY

Active member
Dec 22, 2003
5,369
29
38
Back in the 6ix
Very foolish to buy individual stock. Even the experts cannot beat the average. Buy the index.
Buying the index, going long, is a long term bull market strategy, we are not in a bull market. It is also considered a safe given market risk, beta equals 1.0, don't keep your eggs in one basket mentality, but that applies to normal times which these are not.

I'm out of my airline plays with a hefty profit. Never get emotional with your stock.

True I spread out risk and invest in different sectors accordingly, I may even go long the indexes but it's usually shorts nowadays and I tend to hedge if I can ... but last week was Q1 end profit taking to shore up financials on Wall Street. My strategy continues to change and this is April so I'm predicting bad news long term but some good news short term with oil pending OPEC next week. I'm sitting mostly cash with over a dozen hedged positions currently spread out nicely, this is not the time to get emotional and think long term with a portfolio, just a few stocks and staying liquid until the opportunity presents itself. Volatility means excessive returns and I'm doing very well.

VBB
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38
The time to buy is now.
I'm waiting for the S&P500 to hit 2000. The rally last week isn't going to last. All economic data have gotten worse and continue to every day.

I don't even think 2000 is the bottom. With the amount of record job losses, banks bracing for the biggest waves of delinquencies in history (15 million), and recession/depression that comes after, things are going to be painful for a few years.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
1,103
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Rain or shine, you have to plant your corn before it is too late.
 

Spacealien2

Well-known member
Apr 29, 2012
1,838
177
63
Heaven
I have the view that covid is an over reaction. The market tanked because of oil, not covid. The media just blamed covid. The economy was doing pretty well. Once oil is fixed S$P should go back to 3000 pretty soon. Note how S&P moved with the oil surge on Thursday/Friday. Almost 100% correlation.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
1,103
113
Covid-19 has shut the world down different parts of the world for the last 4 - 16 weeks, That has to have some effect on the economy. There was already an expected recession which occurs every 8 - 9 years. Then we have to worry about the presidential election in the US.
 

daywalker11

Mongerer
Dec 27, 2011
507
107
43
Toronto
Covid-19 has shut the world down different parts of the world for the last 4 - 16 weeks, That has to have some effect on the economy. There was already an expected recession which occurs every 8 - 9 years. Then we have to worry about the presidential election in the US.
We will get below 2000 again on the S&P. The numbers coming out of the US are going to be ugly for the next 2-3 weeks and I am pretty sure the Russians just sank the OPEC+ meeting that was scheduled for tomorrow. You can buy now and make money but there will be better prices ahead.
 

Allegra Escorts

Supporting Member
Feb 27, 2014
3,166
247
63
Nottyboi,

There will likely be a treatment within the next two months. But FDA approval for a vaccine is estimated to be a much longer process.

Gilead Sciences (GILD - NASDAQ) has an anti-viral drug called Remdesivir that is being studied in five large clinical trials, two of which could read out results in early April. Up until now, Gilead has made it possible for patients who want the drug to get it through a process called “compassionate use.” To date, the company said, it has provided emergency access to several hundred patients in the United States, Europe, and Japan.

Remdesivir works by preventing the virus from replicating. It is delivered intraveneously. Watch for rush FDA approval sometime in April. Gilead is ramping up production all around the world and they will still be no where close to meeting demand.

Matt
*Tips hat* Thanks for the heads up on this one.
 
Ashley Madison
Toronto Escorts