davesaint86
725 posts
msg #141711
- Ignore davesaint86 |
2/1/2018 7:23:00 PM
Karen - Something big is supposed to happen - do you mean like a Global Currency Reset?
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karennma
8,057 posts
msg #141715
- Ignore karennma |
2/1/2018 8:41:48 PM
@ dave,
It was from a synopsis that I read. It did not say "currency reset".
It said "something big" would happen in February to cause turmoil in the markets and but stocks would recover. Two weeks later, when I was listening to the Larry Kudlow show, he implied something similar. He was interviewing some hedge fund manager who said stocks were expensive. Kudlow then said, (paraphrasing) any major correction would be a buying opportunity because he thought the markets would recover.
However, Dave!!!
Please keep in mind, that I read a LOT. Unfortunately, some of the stuff I read is BS or frequently the timing is off.
For example, do you remember Bill Gross who ran the Janus Fund? Bill Gross was very highly respected in money mgmt circles, and after he left Janus, in the Spring of 2015, he said the "supercycle" in stocks would end.
I immediately posted the article here.
It didn't happen. But, on the other hand, the Shemitah followed in the Fall and stocks crashed. (Of course, hindsight being 20/20 - it was a "correction".)
Then, there was the trader who bet $260 million on the VIX that the market would crash in Aug-Sept 2017.
Well, it didn't exactly "crash", but there was a big correction, and a subsequent rebound which we are enjoying now. By the time I posted the article, stocks had already started going up again. I believe it was in October that AMZN had dropped back down to it's July low of around $950 (and has since rebounded).
So, altho' it's good to be cautious, don't make the mistake I've made over and over again -- being excessively cautious, being out of the market at the wrong time and missing profits .. all for naught.
Nevertheless, it is February .... so, we shall see.
😉
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karennma
8,057 posts
msg #141716
- Ignore karennma |
2/1/2018 9:07:22 PM
@ Dave,
BTW, the post above is why I don't trade anymore.
Earlier this year I realized, in the long run, I would've been better off just holding thru thick n' thin.
So, I no longer trade positions. I also dislike "gambling", so I don't trade options anymore either.
I simply have a portfolio and I look at filters only to add to the portfolio.
Right now, I've got 3 stocks in the gutter. In the past, I would sell the losers and trade something else.
NOT doing that anymore.
For me (and I'm only speaking for myself), it's just a waste of time & money.
I just want to mention to "newbies", that when you come here, it looks like everyone is trading.
That is NOT so. There a lot of members here who don't trade.
Please note in the upper left hand corner of the home page it says, "Stock Screening and Analysis".
There are a lot of subscribers here who know this software inside/out and don't "trade".
In the type of bull market we've been in the last 10 years, you can make plenty of money just holding and save yourself a lot of work.
JMHO.
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pthomas215
1,251 posts
msg #141717
- Ignore pthomas215 |
2/1/2018 9:19:39 PM
I follow a former trader online, who is strictly a technical analyst. He said the same thing about late February. i.e. the next couple days will be a minor correction but late February will be north of 5%. If I can understand the technical explanation towards the end of the month, I will post it here to let some folks be cautious.
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karennma
8,057 posts
msg #141718
- Ignore karennma |
2/1/2018 9:19:59 PM
Oh Geez!
Sorry about that, JP.
I should've posted the above in "discussion".
My apologies.
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davesaint86
725 posts
msg #141719
- Ignore davesaint86 |
2/1/2018 9:53:41 PM
Thanks Karen!
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pthomas215
1,251 posts
msg #141725
- Ignore pthomas215 |
2/2/2018 12:02:35 AM
XLE long @75.62 at close.
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johnpaulca
12,036 posts
msg #141733
- Ignore johnpaulca |
2/2/2018 9:08:50 AM
No worries Karen, everyone is welcome here.
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johnpaulca
12,036 posts
msg #141737
- Ignore johnpaulca |
2/2/2018 9:49:08 AM
ATHN...good numbers....14% pop
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johnpaulca
12,036 posts
msg #141739
- Ignore johnpaulca |
2/2/2018 9:51:32 AM
pthomas215
1,120 posts
msg #141613
- Ignore pthomas215 1/31/2018 10:41:56 AM
DUST is almost ready...once the 4 hour chart crosses over it should be a nice swing trade.
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good call PT....I was looking at it yesterday but didn't pull the trigger
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