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Old 01-06-2017, 02:27 PM   #141
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Missed it by .37 that much, @#$%^&*(*&^%()!!!!!!
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Old 01-06-2017, 02:29 PM   #142
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Missed it by .37
.
.

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Old 01-06-2017, 03:23 PM   #143
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Just for curiosity, I did the math, and as far as I can figure, if, when it hit 19,999.63, the price of that Dow stock that was traded had an execution price of 6 cents higher, it would have resulted in the Dow reaching 20,000:

https://en.wikipedia.org/wiki/DJIA_divisor

https://www.google.com/search?q=0.14...000+-+19999.63)

So yeah, close enough in my book.

I have sometimes wondered in situations like this if it would be possible to put in an order and deliberately overpay for some shares of stock in an index, figuring when the trade went through that I would own "the" shares which made the Dow go through $20K. Like buying 2 shares of PFE for $200. Heck, maybe doing so those shares might be considered a collectible item? :-) I don't know if they recalculate the average with every single trade of every single stock in the DJIA or not.

The answer to your question is "NO".... you cannot overbid and pay more than what someone has offered to sell the shares....

If I offer to sell 1000 shares at $10.00.... and you bid $10.50.... you will buy them at $10.00...
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Old 01-06-2017, 03:37 PM   #144
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I wonder how much (how many dollars total) it would have taken us as a group to buy and bid up one or more Dow stocks to push the average to the "magical" 20k today. I don't even know the order of magnitude. Would $1 million have done it? $10m? $100m?
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Old 01-06-2017, 04:25 PM   #145
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CNBC says a 0.02% increase in shares of Goldman Sachs would have pushed the Dow to 20k. The GS market cap is $96b, and 0.02% of that is $19.2 million.
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Old 01-06-2017, 04:39 PM   #146
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It's been going to 20K for a very long time. Over 130 years now.
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Old 01-06-2017, 04:41 PM   #147
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I don't think it counts until it CLOSES at 20K, anyway. So what if it bobbles over the line momentarily during the day. Just my opinion...
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Old 01-06-2017, 05:04 PM   #148
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I Just hope that Dow 20,000 doesn't get to be a replay of the 1966 -1982 period when Dow 1,000 was the equivalent Photo
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Old 01-06-2017, 05:34 PM   #149
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The answer to your question is "NO".... you cannot overbid and pay more than what someone has offered to sell the shares....

If I offer to sell 1000 shares at $10.00.... and you bid $10.50.... you will buy them at $10.00...
Ah. Oh well, now I know that I didn't miss those opportunities back at 10K and 15K when I had the idea.

As regards the first part of my original quote, I kinda wonder if this guy plagiarized me:

Dow misses 20,000 milestone by about a nickel - MarketWatch.com

ETA: I guess I did the math right.
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Old 01-09-2017, 12:04 PM   #150
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Anybody besides me believe the failure to push through Dow 20k is quite bearish?
Once it got close I expected nothing could prevent a close above 20k followed by some backing and filling. Lots of emotional energy and anticipation is driving the Dow right now.
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Old 01-09-2017, 12:38 PM   #151
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Anybody besides me believe the failure to push through Dow 20k is quite bearish?
Once it got close I expected nothing could prevent a close above 20k followed by some backing and filling. Lots of emotional energy and anticipation is driving the Dow right now.
I would say none of us have any real clue other than a guess. Not sure the "experts" know much either. Lol.
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Old 01-09-2017, 12:59 PM   #152
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Anybody besides me believe the failure to push through Dow 20k is quite bearish?
Once it got close I expected nothing could prevent a close above 20k followed by some backing and filling. Lots of emotional energy and anticipation is driving the Dow right now.
Quite bearish? No. It's a reasonable point of short term resistance but not remarkable from a long term point of view.
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Old 01-09-2017, 01:27 PM   #153
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Dow 20k? Over my 50 year retirement I'm hoping to see Dow 640k (double every 10 years).
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Old 01-09-2017, 03:29 PM   #154
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I still think there are enough people looking at Dow 20K as a sign of a market top that it may not happen, as people get itchy trigger fingers when it gets close.

It seems like a 5K Nasdaq did the same thing for a long time.

That said, if fundamentals and earnings continue to justify onward and upward, it will eventually happen. No predictions on when, or what will happen after it does, though. But I do think there is such a thing as "resistance" on the market for active traders, though for buy-and-holders it's mostly noise -- to quote Shakespeare, "full of sound and fury, signifying nothing."
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Old 01-25-2017, 07:30 AM   #155
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It made it at the market open today !!!
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Old 01-25-2017, 08:32 AM   #156
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It made it at the market open today !!!
WOW. I never would have guessed it would happen today...
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Old 01-25-2017, 09:27 AM   #157
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It made it at the market open today !!!
Woo-hoo!! I can't wait to see what my portfolio looks like tonight if it closes at over 20K.
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Old 01-25-2017, 09:35 AM   #158
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Woo-hoo!!
Just can't bring yourself to use the word you really want, can you?
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Old 03-01-2017, 05:54 AM   #159
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21K on the way!!
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Old 03-01-2017, 07:31 AM   #160
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21K on the way!!
That was sure fast. 21,003 at the moment, though it may not close above 21K so that might not count.
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