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S&P down about 3.5% so far, time to buy yet?
05-09-2019, 09:04 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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S&P down about 3.5% so far, time to buy yet?
Time to throw some dry powder at it yet or is this going to get much worse first? My own crystal ball is always wrong
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05-09-2019, 09:08 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,536
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my "play" account is really small after just completing my home build. I now have a few K left over and income each pay day so I plan to dollar cost avg a few K(15?) in over the next 60-90 days.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
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05-09-2019, 09:17 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Maybe we revisit 2775 to 2800 on SPX:
thinkorswim Sharing
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05-09-2019, 09:38 AM
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#4
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gone traveling
Join Date: Sep 2018
Location: Washington, DC
Posts: 575
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I have a standing BUY for IVV at 280 if it gets there. Will evaluate the next BUY point if that one triggers.
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05-09-2019, 09:40 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2017
Posts: 1,844
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I wish it was explained a few days ago that a trade deal was "broken" in a bunch of ways instead just saying it's taking too long. It would have made a difference in how I trade. I'm not buying on this low but I bought a few days ago based on that incomplete information that I thought was complete enough. I mean it was just in a trading contest, but still.
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05-09-2019, 09:56 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Quote:
Originally Posted by Boho
I wish it was explained a few days ago that a trade deal was "broken" in a bunch of ways instead just saying it's taking too long. It would have made a difference in how I trade. I'm not buying on this low but I bought a few days ago based on that incomplete information that I thought was complete enough. I mean it was just in a trading contest, but still.
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Ha ha - upset about a paper trade, I love it.
If it was stated that it was (hopelessly?) broken a few days ago, do you think the REAL market would have only been down what it was?
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05-09-2019, 10:28 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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The market is still higher than it was 5 weeks ago, is this a serious question? Were you throwing dry powder in March?
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05-09-2019, 10:34 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,196
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What do I know but sounds temporary to me, until the deal gets down.
__________________
TGIM
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05-09-2019, 10:44 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2017
Posts: 1,844
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Quote:
Originally Posted by copyright1997reloaded
Ha ha - upset about a paper trade, I love it.
If it was stated that it was (hopelessly?) broken a few days ago, do you think the REAL market would have only been down what it was?
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No, but the information came out a day or two later so they might as well have been accurate in the beginning, but I forgot how it was revealed. It may have been a leak.
BTW, by "broken" I meant past agreements removed from the written deal, which some have called broken agreements.
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05-09-2019, 10:47 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
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I'm waiting until it's down 20%
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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05-09-2019, 01:02 PM
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#11
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by Boho
I wish it was explained a few days ago that a trade deal was "broken" in a bunch of ways instead just saying it's taking too long.
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Wait a day - there will be a new excuse.
Quote:
It would have made a difference in how I trade. I'm not buying on this low but I bought a few days ago based on that incomplete information that I thought was complete enough. I mean it was just in a trading contest, but still.
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You think you get complete information? Hmm...
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05-09-2019, 02:51 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
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Quote:
Originally Posted by Sunset
I'm waiting until it's down 20%
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I'll go all in, when we hit the Dec lows again!
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05-09-2019, 05:49 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,022
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I buy every week. Makes the guessing game easier.
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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05-09-2019, 06:45 PM
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#14
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by kgtest
I buy every week. Makes the guessing game easier.
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This guy/gal knows...
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05-09-2019, 06:59 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,806
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Quote:
Originally Posted by Boho
I wish it was explained a few days ago that a trade deal was "broken" in a bunch of ways instead just saying it's taking too long. It would have made a difference in how I trade. I'm not buying on this low but I bought a few days ago based on that incomplete information that I thought was complete enough. I mean it was just in a trading contest, but still.
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The problem is trying to trade on information, period. What makes you think the information will generally be good? And if it was that reliable, everyone would already act on it, negating any opportunity for you.
-ERD50
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05-10-2019, 08:32 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,022
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Quote:
Originally Posted by joeea
This guy/gal knows...
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Guy ER.org taught me to DCA and fogettabout it. Makes the accumulation phase less stressful. Although, I do acknowledge, a 10% discount in the market, at k-mart or the pet store is always better than retail price...
Buy the dip...if you have the powder I still have a ways to go, gimme some help!
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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05-10-2019, 10:25 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Not directly related (because I'm not convinced the market is done going down), but I bought some Uber this morning @ 43.28.
I don't particularly like Uber. In fact, it is on my "Don't buy transportation stocks as they have no real barriers to entry" list. So what happened? With the broken IPO pricing and overhang on open, I think they will do everything they can to have gotten the weaker hands out on the open and will try to walk this up during the day.
I intend to sell this later today or Monday.
ETA: Well, so far not so good. Price is now $41.33, might just lick my wounds and walk away. Or maybe do so Monday.
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05-10-2019, 10:36 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,022
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Quote:
Originally Posted by copyright1997reloaded
Not directly related (because I'm not convinced the market is done going down), but I bought some Uber this morning @ 43.28.
I don't particularly like Uber. In fact, it is on my "Don't buy transportation stocks as they have no real barriers to entry" list. So what happened? With the broken IPO pricing and overhang on open, I think they will do everything they can to have gotten the weaker hands out on the open and will try to walk this up during the day.
I intend to sell this later today or Monday.
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UBER is moving up
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05-10-2019, 10:46 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Quote:
Originally Posted by kgtest
UBER is moving up
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Which makes me h$ppy.
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05-10-2019, 11:08 AM
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#20
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Moderator
Join Date: Oct 2010
Posts: 10,621
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Wake me up when the PE 10 is 16.
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