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Anyone Buying Into Today's Dip?
Old 11-26-2021, 06:47 AM   #1
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Anyone Buying Into Today's Dip?

Anyone thinking of buying today's dip?

As of 6AM, Dow futures are down 800+.

I'm thinking to exchange a small amount (about 1.5%) from one of my market dogs to a fund I've been coveting for a while.

My last such move (April, '20) netted me a 65% increase on a $100K move I made. Semantics, but FWIW, I don't view this as timing as much as taking advantage of a fire sale; a fine line for sure.

Because it's a MF, as today progresses, I can always stop the trade at the last minute before 4PM if things turn around.

Anyone else?
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Old 11-26-2021, 07:03 AM   #2
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Thanks for the heads-up. I have some limit orders in from previous, and they should execute today. Maybe I should hunt for more bargains?
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Old 11-26-2021, 07:24 AM   #3
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My market email alerts have been going crazy the past hour or so.. Yes, I'll be buying. Not sure what "yet" but I have a few ideas.
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Old 11-26-2021, 07:24 AM   #4
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Originally Posted by marko View Post
Anyone thinking of buying today's dip?

As of 6AM, Dow futures are down 800+.

I'm thinking to exchange a small amount (about 1.5%) from one of my market dogs to a fund I've been coveting for a while.

My last such move (April, '20) netted me a 65% increase on a $100K move I made. Semantics, but FWIW, I don't view this as timing as much as taking advantage of a fire sale; a fine line for sure.

Because it's a MF, as today progresses, I can always stop the trade at the last minute before 4PM if things turn around.

Anyone else?

FYI, the markets close at 1:00 pm eastern time today.
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Old 11-26-2021, 07:25 AM   #5
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Have to look at stocks effected. So won't know for a while.
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Old 11-26-2021, 07:27 AM   #6
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Sounds like a Black Friday sale on Wall Street!

I actually did sell some winners the past couple of weeks and took some profits. Maybe a day to bargain hunt for some other stocks/ funds Iíve been looking at?

Hope there are some good ďdoor bustersĒ out there.

Good luck all.
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Old 11-26-2021, 07:32 AM   #7
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Typically I don't, but I just moved $6K into my grandchildren's 529 accounts last night. It may be a good day to try and "time the market"!
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Old 11-26-2021, 07:35 AM   #8
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Congrats, fellow recovery investor. I threw my whole Roth IRA into it, and did really well.

Relative to it's 52 week high, VTI is dropping from 99% to 97%, so I'm ignoring it. But I will check on recent purchases, and if they've lost much more, I might buy the dip.
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Old 11-26-2021, 07:35 AM   #9
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FYI, the markets close at 1:00 pm eastern time today.
I just realized that. Thanks!!
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Old 11-26-2021, 08:00 AM   #10
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Anyone thinking of buying today's dip?

As of 6AM, Dow futures are down 800+.

./,

My last such move (April, '20) netted me a 65% increase on a $100K move I made. Semantics, but FWIW, I don't view this as timing as much as taking advantage of a fire sale; a fine line for sure.
How do you know itís a dip and not the beginning of a steeper decline?
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Old 11-26-2021, 08:02 AM   #11
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Probably a bunch of traders capitalizing on news (as they always do) trying to make a quick buck and it will be back at the end of the day.... Maybe. Maybe not.
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Old 11-26-2021, 08:05 AM   #12
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Watching the VIX. Over 25 gets interesting.
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Old 11-26-2021, 08:07 AM   #13
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How do you know it’s a dip and not the beginning of a steeper decline?
Of course, you never know and, as they say "History is not an indicator of future outcomes".

But if it is a steeper decline, I'll buy more in appropriate amounts.

The 'end of the world' of 2008 and 'end of the world' of spring 2020 has shown me that 'steeper declines' are relatively short-lived and I'm willing and able to wait out a recovery. Market fundamentals are sound.

Of course, 'this time could be different' but that's the chance you take. Early reports (yes, it's early) on the new SA variant indicate that most infected have no symptoms; my current view: another needless market panic but in a week or so we should know either way.

Back in 1929 my grandfather made a fortune taking advantage of the 'steep decline' of the time.
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Anyone Buying Into Today's Dip?
Old 11-26-2021, 08:16 AM   #14
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Anyone Buying Into Today's Dip?

To keep things in perspective, the Dow futures are only down a little over 2%. An 800 point drop isnít what it used to be.
If we have a couple of weeks of 2% drops, then we should consider moving cash into the market in meaningful amounts. Iím staying put for now.
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Old 11-26-2021, 08:21 AM   #15
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How do you know it’s a dip and not the beginning of a steeper decline?
Wow, I can agree with you on that one.... I certainly don't know.. And while I do buy on these dips, I don't go all in, just in case it's the beginning of a big one. I'll probably buy in with ~10% of my available discretionary stock funds today.
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Old 11-26-2021, 08:21 AM   #16
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To keep things in perspective, the Dow futures are only down a little over 2%. An 800 point drop isnít what it used to be.
If we have a couple of weeks of 2% drops, then we should consider moving cash into the market in meaningful amounts. Iím staying out for now.
True
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Old 11-26-2021, 08:22 AM   #17
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I have some puts that will become in-the-money, and get assigned. I have a feeling that these purchases will not make me happy in the short run.

Long-term wise, they may make me money, but how long that takes is of course unknown.
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Old 11-26-2021, 08:34 AM   #18
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I have some puts that will become in-the-money, and get assigned. I have a feeling that these purchases will not make me happy in the short run.

Long-term wise, they may make me money, but how long that takes is of course unknown.
The bulk of mine are on MRNA, Moderna, and it's up 14%+ on the premarket.

+1 on early closing, I have a few puts that need rolled til next week.
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Old 11-26-2021, 08:38 AM   #19
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How do you know itís a dip and not the beginning of a steeper decline?
Probably because they've made our other investment options so unattractive that most serious investors have little choice but to continue investing in the stock markets.

All bets are off if the worldwide economies implode.
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Old 11-26-2021, 08:40 AM   #20
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I'm cash lite with the real estate purchase. From the sounds of it I might be lucky that way
The few times I have tried to time the thing I was spectacularly bad at it, ultimately.
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