Author Topic: Top is in  (Read 1439448 times)

Cabaka

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Re: Top is in
« Reply #6050 on: February 27, 2020, 08:42:45 AM »

ouch. back to Thanksgiving 2019 close. all of you mocking the top is in since then maybe right. the economic affects of the virus are just beginning to be felt and a recovery starting to have positive affects is probably 6 months at minimum. sliced thru the 100 day MDA like nothing, 200 day will be tested.

Thorstach  ahhh I mean Cabaka do you know what the Coronavirus ticker is?  I know fear is VIX but I can't seem to find the virus index.  I already tried COVID-2019 and it didn't work.  I need to place some options soon.  Thanks for the help!

not sure who that is, I just like to drop in on you guys and see who is dollar cost averaging during something like the virus that is just beginning to affect economies. the same as I like to watch those on noted shorting site, slope of hope; be giddy just 5 days from ATHs. too early to say which group is right but I do have a whole lot more capital I put on the sidelines Friday when the MA changed than the dollar cost avergers who sat thru Monday and today.

You're telling us you don't know who thorstach is?

I have 39 posts in 3 years, I do not know who are notable posters and why.

11% down in 5 days, not what I would call pocket change as someone posted on this page; but you all keep dollar cost averaging in this virus looking to get worse.

Brother Esau

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Re: Top is in
« Reply #6051 on: February 27, 2020, 08:48:52 AM »

ouch. back to Thanksgiving 2019 close. all of you mocking the top is in since then maybe right. the economic affects of the virus are just beginning to be felt and a recovery starting to have positive affects is probably 6 months at minimum. sliced thru the 100 day MDA like nothing, 200 day will be tested.

Thorstach  ahhh I mean Cabaka do you know what the Coronavirus ticker is?  I know fear is VIX but I can't seem to find the virus index.  I already tried COVID-2019 and it didn't work.  I need to place some options soon.  Thanks for the help!

not sure who that is, I just like to drop in on you guys and see who is dollar cost averaging during something like the virus that is just beginning to affect economies. the same as I like to watch those on noted shorting site, slope of hope; be giddy just 5 days from ATHs. too early to say which group is right but I do have a whole lot more capital I put on the sidelines Friday when the MA changed than the dollar cost avergers who sat thru Monday and today.

You're telling us you don't know who thorstach is?

I have 39 posts in 3 years, I do not know who are notable posters and why.

11% down in 5 days, not what I would call pocket change as someone posted on this page; but you all keep dollar cost averaging in this virus looking to get worse.

thorstach would be so proud!

v8rx7guy

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Re: Top is in
« Reply #6052 on: February 27, 2020, 08:50:22 AM »

ouch. back to Thanksgiving 2019 close. all of you mocking the top is in since then maybe right. the economic affects of the virus are just beginning to be felt and a recovery starting to have positive affects is probably 6 months at minimum. sliced thru the 100 day MDA like nothing, 200 day will be tested.

Thorstach  ahhh I mean Cabaka do you know what the Coronavirus ticker is?  I know fear is VIX but I can't seem to find the virus index.  I already tried COVID-2019 and it didn't work.  I need to place some options soon.  Thanks for the help!

not sure who that is, I just like to drop in on you guys and see who is dollar cost averaging during something like the virus that is just beginning to affect economies. the same as I like to watch those on noted shorting site, slope of hope; be giddy just 5 days from ATHs. too early to say which group is right but I do have a whole lot more capital I put on the sidelines Friday when the MA changed than the dollar cost avergers who sat thru Monday and today.

You're telling us you don't know who thorstach is?

I have 39 posts in 3 years, I do not know who are notable posters and why.

Well, you are posting in HIS thread.

Wintergreen78

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Re: Top is in
« Reply #6053 on: February 27, 2020, 08:50:45 AM »
(what is a VIX anyway? Iíve never figured that one out).

Roman numeral. Sooo...that's ten minus 6 I think, so 4.

Thanks! That had really been bothering me.
No, it's not a Roman numeral.   4 would be IV, 1 less than 5.

VIX appears to be some sort of stock volatility index.

It is definitely a Roman numeral. Like in movies. MCMXCVII

That is 1,100 minus 990 plus 105 minus 2, so 213. They use it to show you how many people worked on the movie.

I'm fairly certain that MCMXCVII is 1997.

But I'm not Roman, so I could be terribly wrong. Come to think of it, I'm also not Arabic, so it's possible that I know nothing about numbers whatsoever.

If MCMXCVII is 1997, then VIX is 59 - better known as, The Top.  Since VIX is only at 34, we still have a ways to go.

I donít think it takes 2000 people to make a movie

vand

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Re: Top is in
« Reply #6054 on: February 27, 2020, 08:57:33 AM »
No jokes today...? Perhaps the Bravado Top is in.

v8rx7guy

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Re: Top is in
« Reply #6055 on: February 27, 2020, 09:02:43 AM »
On the bright side, no need to re balance my stock-bond portfolio, the market is doing that for me :)

Zoot

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Re: Top is in
« Reply #6056 on: February 27, 2020, 09:06:38 AM »
Can we start calling the top of peak coronavirus yet?

I think it is crowning

Dang it, I came here to make EXACTLY this joke and I see you guys have already beat me to it.

I should have known better than to try to beat the pros.  Top snark is in.  ;-)

SwordGuy

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Re: Top is in
« Reply #6057 on: February 27, 2020, 09:21:45 AM »
(what is a VIX anyway? Iíve never figured that one out).

Roman numeral. Sooo...that's ten minus 6 I think, so 4.

Thanks! That had really been bothering me.
No, it's not a Roman numeral.   4 would be IV, 1 less than 5.

VIX appears to be some sort of stock volatility index.

It is definitely a Roman numeral. Like in movies. MCMXCVII

That is 1,100 minus 990 plus 105 minus 2, so 213. They use it to show you how many people worked on the movie.

You are either kidding with us or don't understand Roman numerals and how they work.   MCMXCVII is

M = 1000
CM = 1000 - 100 = 900
XC = 100 - 10 = 90
VII = 5 + 2 = 7

1997, which would have been when the movie was made.    There aren't any films from 213...

TomTX

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Re: Top is in
« Reply #6058 on: February 27, 2020, 09:26:24 AM »
(what is a VIX anyway? Iíve never figured that one out).

Roman numeral. Sooo...that's ten minus 6 I think, so 4.

Thanks! That had really been bothering me.
No, it's not a Roman numeral.   4 would be IV, 1 less than 5.

VIX appears to be some sort of stock volatility index.

It is definitely a Roman numeral. Like in movies. MCMXCVII

That is 1,100 minus 990 plus 105 minus 2, so 213. They use it to show you how many people worked on the movie.

I'm fairly certain that MCMXCVII is 1997.

But I'm not Roman, so I could be terribly wrong. Come to think of it, I'm also not Arabic, so it's possible that I know nothing about numbers whatsoever.

It's a bad implementation of Romanized 1997. It should be MIIIM or MVMIII

Garrett B.

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Re: Top is in
« Reply #6059 on: February 27, 2020, 09:27:08 AM »
On the bright side, no need to re balance my stock-bond portfolio, the market is doing that for me :)
I sold some bonds today and bought some stocks.  I will continue to do this in small increments over the next weeks/months if the stock market tanking continues. 

wienerdog

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Re: Top is in
« Reply #6060 on: February 27, 2020, 09:27:58 AM »
Dead virus C2019 bounce at 10:40.  VIX is falling.  Fear is disappearing.  Are you sure the Top is in?

Wintergreen78

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Re: Top is in
« Reply #6061 on: February 27, 2020, 09:33:02 AM »
(what is a VIX anyway? Iíve never figured that one out).

Roman numeral. Sooo...that's ten minus 6 I think, so 4.

Thanks! That had really been bothering me.
No, it's not a Roman numeral.   4 would be IV, 1 less than 5.

VIX appears to be some sort of stock volatility index.

It is definitely a Roman numeral. Like in movies. MCMXCVII

That is 1,100 minus 990 plus 105 minus 2, so 213. They use it to show you how many people worked on the movie.

You are either kidding with us or don't understand Roman numerals and how they work.   MCMXCVII is

M = 1000
CM = 1000 - 100 = 900
XC = 100 - 10 = 90
VII = 5 + 2 = 7

1997, which would have been when the movie was made.    There aren't any films from 213...

No, 1997 would be IXXIIIC

Buffaloski Boris

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Re: Top is in
« Reply #6062 on: February 27, 2020, 09:37:34 AM »

This thread is getting not as funny as we continue to drop.   It will be interesting to see how chipper we are when we are dusting off the DOW 20,000 hats again.

Sorry about the butt kicking.

I doubt that this thread will be as happy as it has been should the DOW drop to 20K. With one possible exception*. Itís hard to laugh when your butt is puckering.

*(Yours truly. Being the skeptic usually doesnít pay off. But sometimes it does.)

Optimiser

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Re: Top is in
« Reply #6063 on: February 27, 2020, 09:46:08 AM »
When is the bottom going to be in? I got my federal refund Monday and was so excited to buy the dip. Now my state refund is in and dip is even bigger, but does it have room to dip even more? I know timing the market is frowned upon, but I just want to time it a little.

solon

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Re: Top is in
« Reply #6064 on: February 27, 2020, 09:54:41 AM »
How do you spell COVID 19 in Roman numerals?

Garrett B.

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Re: Top is in
« Reply #6065 on: February 27, 2020, 10:03:26 AM »
When is the bottom going to be in? I got my federal refund Monday and was so excited to buy the dip. Now my state refund is in and dip is even bigger, but does it have room to dip even more? I know timing the market is frowned upon, but I just want to time it a little.
No one knows. I plan on buying the dip in increments.

Tyson

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Re: Top is in
« Reply #6066 on: February 27, 2020, 10:11:38 AM »
Dips only matter if you sell during the dip.  Otherwise just keep investing if you're not FIRE yet. 

They ARE good times to buy if you have some extra cash like a bonus or a tax refund. 

Optimiser

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Re: Top is in
« Reply #6067 on: February 27, 2020, 10:20:44 AM »
When is the bottom going to be in? I got my federal refund Monday and was so excited to buy the dip. Now my state refund is in and dip is even bigger, but does it have room to dip even more? I know timing the market is frowned upon, but I just want to time it a little.
No one knows. I plan on buying the dip in increments.
I was led to believe that thorstach knows

erutio

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Re: Top is in
« Reply #6068 on: February 27, 2020, 10:24:27 AM »
How do you spell COVID 19 in Roman numerals?

I think it's spelled TOPISIN.

wienerdog

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Re: Top is in
« Reply #6069 on: February 27, 2020, 10:26:11 AM »
When is the bottom going to be in? I got my federal refund Monday and was so excited to buy the dip. Now my state refund is in and dip is even bigger, but does it have room to dip even more? I know timing the market is frowned upon, but I just want to time it a little.
No one knows. I plan on buying the dip in increments.
I was led to believe that thorstach knows

Yes our fearless leader of the Top called it back in April of 2017 (maybe off by almost 3 years but they were close).   We now are just waiting patiently for them to call the bottom so we can all get back in.  Where are you dear Thorstach market timing God?

dougules

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Re: Top is in
« Reply #6070 on: February 27, 2020, 10:34:21 AM »
Yes our fearless leader of the Top called it back in April of 2017 (maybe off by almost 3 years but they were close).   We now are just waiting patiently for them to call the bottom so we can all get back in.  Where are you dear Thorstach market timing God?

There is no bottom and will never be. Amen. 

Garrett B.

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Re: Top is in
« Reply #6071 on: February 27, 2020, 10:38:32 AM »
Dips only matter if you sell during the dip.  Otherwise just keep investing if you're not FIRE yet. 

They ARE good times to buy if you have some extra cash like a bonus or a tax refund.
Or selling bonds to buy stocks. 

SwordGuy

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Re: Top is in
« Reply #6072 on: February 27, 2020, 11:03:00 AM »
(what is a VIX anyway? Iíve never figured that one out).

Roman numeral. Sooo...that's ten minus 6 I think, so 4.

Thanks! That had really been bothering me.
No, it's not a Roman numeral.   4 would be IV, 1 less than 5.

VIX appears to be some sort of stock volatility index.

It is definitely a Roman numeral. Like in movies. MCMXCVII

That is 1,100 minus 990 plus 105 minus 2, so 213. They use it to show you how many people worked on the movie.

You are either kidding with us or don't understand Roman numerals and how they work.   MCMXCVII is

M = 1000
CM = 1000 - 100 = 900
XC = 100 - 10 = 90
VII = 5 + 2 = 7

1997, which would have been when the movie was made.    There aren't any films from 213...

No, 1997 would be IXXIIIC

https://www.calculateme.com/roman-numerals/to-roman  gives MCMXCVII when given 1997.

https://www.rapidtables.com/convert/number/roman-numerals-converter.html?x1=IXXIIIC&x2= says IXXIIIC is not valid.


Wintergreen78

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Re: Top is in
« Reply #6073 on: February 27, 2020, 11:13:27 AM »
(what is a VIX anyway? Iíve never figured that one out).

Roman numeral. Sooo...that's ten minus 6 I think, so 4.

Thanks! That had really been bothering me.
No, it's not a Roman numeral.   4 would be IV, 1 less than 5.

VIX appears to be some sort of stock volatility index.

It is definitely a Roman numeral. Like in movies. MCMXCVII

That is 1,100 minus 990 plus 105 minus 2, so 213. They use it to show you how many people worked on the movie.

You are either kidding with us or don't understand Roman numerals and how they work.   MCMXCVII is

M = 1000
CM = 1000 - 100 = 900
XC = 100 - 10 = 90
VII = 5 + 2 = 7

1997, which would have been when the movie was made.    There aren't any films from 213...

No, 1997 would be IXXIIIC

https://www.calculateme.com/roman-numerals/to-roman  gives MCMXCVII when given 1997.

https://www.rapidtables.com/convert/number/roman-numerals-converter.html?x1=IXXIIIC&x2= says IXXIIIC is not valid.

Iím sorry. Iím being juvenile and this has gotten out of hand. Can we get back to a serious discussion of how the top is in?

SwordGuy

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Re: Top is in
« Reply #6074 on: February 27, 2020, 11:18:30 AM »
S&P 500 is down almost another point so far today.

I'm guessing that putting Mike (Thoughts and Prayers) Pence in charge of the Corona virus response didn't calm the market.
That and the new CDC guy put in charge that can't even figure out what a paywall is.


Telecaster

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Re: Top is in
« Reply #6075 on: February 27, 2020, 11:42:02 AM »
Hey!  Maybe the top really was in? 

BigMoneyJim

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Re: Top is in
« Reply #6076 on: February 27, 2020, 11:58:11 AM »
Hey!  Maybe the top really was in?

Phew! That's the sign I've been looking for. Acceptance.

Now the recovery can begin! New top in a week.

v8rx7guy

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Re: Top is in
« Reply #6077 on: February 27, 2020, 11:59:07 AM »
S&P 500 is down almost another point so far today.

Make that two

TomTX

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Re: Top is in
« Reply #6078 on: February 27, 2020, 12:37:09 PM »
S&P 500 is down almost another point so far today.

Make that two

I scrounged up another ~$100 sitting in cash and put it in stocks.

Buffaloski Boris

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Re: Top is in
« Reply #6079 on: February 27, 2020, 12:40:47 PM »
Hey!  Maybe the top really was in?

Phew! That's the sign I've been looking for. Acceptance.

Now the recovery can begin! New top in a week.

I thought the sign we were looking for was capitulation? Has anyone capitulated yet?

BDWW

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Re: Top is in
« Reply #6080 on: February 27, 2020, 12:41:46 PM »
My (small) tax refund came in, and I got to buy some on sale stocks! Woohoo!


Lady Stash

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Re: Top is in
« Reply #6081 on: February 27, 2020, 12:46:34 PM »
Bottom is in!  Calling it.

I am buying stock!! 

DadJokes

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Re: Top is in
« Reply #6082 on: February 27, 2020, 12:47:58 PM »
My (small) tax refund came in, and I got to buy some on sale stocks! Woohoo!

Because the Top is in, I'm keeping my $3 refund in cash.

bacchi

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Re: Top is in
« Reply #6083 on: February 27, 2020, 12:50:13 PM »
Hey!  Maybe the top really was in?

Phew! That's the sign I've been looking for. Acceptance.

Now the recovery can begin! New top in a week.

I thought the sign we were looking for was capitulation? Has anyone capitulated yet?

In-laws have. Well, they never actually got up the nerve to invest and this drove them away until the next time CNBC crows about a market peak.

TomTX

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Re: Top is in
« Reply #6084 on: February 27, 2020, 12:51:51 PM »
Hey!  Maybe the top really was in?

Phew! That's the sign I've been looking for. Acceptance.

Now the recovery can begin! New top in a week.

I thought the sign we were looking for was capitulation? Has anyone capitulated yet?

In-laws have. Well, they never actually got up the nerve to invest and this drove them away until the next time CNBC crows about a market peak.

Had to do some phone stuff with investment accounts, there seem to be a LOT of automated messages warning callers not to panic sell (in more calming words, of course)

PathtoFIRE

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Re: Top is in
« Reply #6085 on: February 27, 2020, 01:07:39 PM »
Because the Top is in, I'm keeping my $3 refund in cash.

$3 refund belongs in the Share Your Badassity section.

We're going to owe, a lot it sounds like from the CPA, so I've been holding a ballpark amount in my business account to cover the bill. However, I've accumulated more like double what I'm told we'll likely pay, and when the drop started this week, I began to ponder whether I really need double. Then! my business accidentally got a double distribution this month, with the expected on 2/25 and the duplicate on 2/26, and they told me to just keep it and I won't get a March one. So now I'm looking at $30k in my business account that I _most likely_ won't need for anything else, and while the original plan called for that to all come to me as a profit distribution after taxes are settled, now I'm thinking "in for 10k on this 10% drop, another 10k if it goes to 15%, and another 10k if it goes to 20%".

dragoncar

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Re: Top is in
« Reply #6086 on: February 27, 2020, 01:07:54 PM »
Is the options guy kicking himself in the butt yet since Top was in?

You talking about me with the March $325 puts I was holding?  My butt is sore from all the kicking.

This thread is getting not as funny as we continue to drop.   It will be interesting to see how chipper we are when we are dusting off the DOW 20,000 hats again.

Drops are fun.  It lets you know if you investment policy is correct.  ;>) I still couldn't figure out how those options worked.  If you sold today how much was it worth?

This is only week one folks.  If this is a real recession (and I'm beginning to think it will be), this is going to drag on for months...

Those options are beginning to look like a winning lottery ticket that got destroyed in the wash machine...  bought for $3.30 and now worth $22.50+.  Multiply that gain by 100(shares per contract) x 100 (contracts)...  $190,000+

Not destroyed in the wash though.  SOMEONE bought those options off him and they are feeling pretty smug

dragoncar

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Re: Top is in
« Reply #6087 on: February 27, 2020, 01:09:35 PM »
Hey!  Maybe the top really was in?

Phew! That's the sign I've been looking for. Acceptance.

Now the recovery can begin! New top in a week.

I thought the sign we were looking for was capitulation? Has anyone capitulated yet?

Iíve capitulated insofar as I actually think the local top is in.  Iím not changing my investment strategy but Iím bracing for bad times.  Wife still works so thereís some solace in the fact that we are still net investors

magnet18

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Re: Top is in
« Reply #6088 on: February 27, 2020, 01:12:08 PM »
Just in case anyone needs some help coping with the fact that the top is most definitely 100% for certainly in this time, here is a 10 minute guided meditation by none other than Jim Collins to help back you away from the cliff and take your finger off the sell button.

https://youtu.be/OOGU94eL07E

https://jlcollinsnh.com/2019/08/17/a-guided-meditation-for-when-the-stock-market-is-dropping/

(Not a rick roll, he actually made a guided meditation.  It's pretty great.)

frugalnacho

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Re: Top is in
« Reply #6089 on: February 27, 2020, 02:07:07 PM »

solon

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Re: Top is in
« Reply #6090 on: February 27, 2020, 02:08:53 PM »

v8rx7guy

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Re: Top is in
« Reply #6091 on: February 27, 2020, 02:09:05 PM »

PathtoFIRE

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Re: Top is in
« Reply #6092 on: February 27, 2020, 02:10:05 PM »
<snip> now I'm thinking "in for 10k on this 10% drop, another 10k if it goes to 15%, and another 10k if it goes to 20%".

Sorry guys, I execute the trade at 3pm EST, and thought for sure this would be the impetus the market would need to bottom out and erase the losses, but I guess I market timed and now we're definitely in correction territory for the SP500. Though now I'm beginning to wonder if I shouldn't have put in more...

Buffaloski Boris

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Re: Top is in
« Reply #6093 on: February 27, 2020, 02:12:29 PM »
S+P closed under 3000.

The top (for today) was in.

achvfi

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Re: Top is in
« Reply #6094 on: February 27, 2020, 02:16:50 PM »

nereo

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Re: Top is in
« Reply #6095 on: February 27, 2020, 02:18:42 PM »
Where is the Great Thorstache??!!

Oh mighty one, who predicted the top just four weeks ago (close enough for horse shoes, hand granades and the stock market)!

Oh seer of the markets!  Your 23rd prediction has been vindicated!

The previous 22 false tops have all been forgotten!

What wisdom have ye to share now??!!

EscapeVelocity2020

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Re: Top is in
« Reply #6096 on: February 27, 2020, 02:21:33 PM »
Is the options guy kicking himself in the butt yet since Top was in?

You talking about me with the March $325 puts I was holding?  My butt is sore from all the kicking.

This thread is getting not as funny as we continue to drop.   It will be interesting to see how chipper we are when we are dusting off the DOW 20,000 hats again.

Drops are fun.  It lets you know if you investment policy is correct.  ;>) I still couldn't figure out how those options worked.  If you sold today how much was it worth?

This is only week one folks.  If this is a real recession (and I'm beginning to think it will be), this is going to drag on for months...

Those options are beginning to look like a winning lottery ticket that got destroyed in the wash machine...  bought for $3.30 and now worth $22.50+.  Multiply that gain by 100(shares per contract) x 100 (contracts)...  $190,000+

Not destroyed in the wash though.  SOMEONE bought those options off him and they are feeling pretty smug

« Last Edit: February 27, 2020, 02:23:19 PM by EscapeVelocity2020 »

v8rx7guy

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Re: Top is in
« Reply #6097 on: February 27, 2020, 02:44:51 PM »
Is the options guy kicking himself in the butt yet since Top was in?

You talking about me with the March $325 puts I was holding?  My butt is sore from all the kicking.

This thread is getting not as funny as we continue to drop.   It will be interesting to see how chipper we are when we are dusting off the DOW 20,000 hats again.

Drops are fun.  It lets you know if you investment policy is correct.  ;>) I still couldn't figure out how those options worked.  If you sold today how much was it worth?

This is only week one folks.  If this is a real recession (and I'm beginning to think it will be), this is going to drag on for months...

Those options are beginning to look like a winning lottery ticket that got destroyed in the wash machine...  bought for $3.30 and now worth $22.50+.  Multiply that gain by 100(shares per contract) x 100 (contracts)...  $190,000+

Sorry Roland.... but where are we at now ?

Edit: Approaching $275K?

Alternatepriorities

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Re: Top is in
« Reply #6098 on: February 27, 2020, 02:50:06 PM »
Thank you all!

This thread is easily the TOP thing about the sell off. Although, Listening to JL Collins soothing voice is close...

Fortunately we learned several pages ago that the thing to do during a bear market attack is to play dead... Unless it starts to eat you... Then make like a cat, and bounce because clearly the top is in.

Monerexia

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Re: Top is in
« Reply #6099 on: February 27, 2020, 02:58:54 PM »
Have to say it is tempting to try and time the bottom though. I fell for it this week--$5k in on Monday, 3K in on Tues, $1.5K in on Wed and $1K in today haha. In retrospect should have been the exact opposite.