View Poll Results: Who is “selling” Mondays “dead cat bounce “? Please comment “why” and what below!
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I am selling equities on Mondays dead cat stock market bounce
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10 |
10.87% |
I am buying equities on Mondays dead cat stock market bounce
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8 |
8.70% |
I am staying the course
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74 |
80.43% |
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03-02-2020, 10:47 AM
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#21
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gone traveling
Join Date: Feb 2012
Posts: 148
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Bought today. A very small amount.
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03-02-2020, 10:54 AM
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#22
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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Still too early to make any moves. Three hours until the bell.
__________________
*********Go Yankees!*********
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03-02-2020, 10:56 AM
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#23
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Hot dog!! The Dow is 26,200 at this moment, up 800 points.
As always, I'm going to do nothing but it's good to see a nice number like that.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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03-02-2020, 12:32 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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I'll buy more if it goes closer to 15% to 20% down. Or if I chicken out and cave. I put DW's lump sum pension money into bonds when we received it. I really just want to get it into the AA somewhere other than the market top. Also trying to Roth convert a substantial amount at a low price. 25% of each done last Wednesday. 75% to go, sometime this year.
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03-02-2020, 12:34 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,043
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I think I'll hold onto my AAPL and VHT for a while.
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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03-02-2020, 12:41 PM
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#26
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Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
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Not to poke everyone, but today's rally at +666 even as we speak may be the last gasp for a few months.... Bueller, Bueller .....? BTW, 666 is the sign of "you know who"....
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03-02-2020, 12:47 PM
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#27
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,698
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Quote:
Originally Posted by latexman
Staying the course. I just re-balanced.
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Same here. I did a small rebalance (2%) in my tIRA from bonds to stocks. The last time I rebalanced in this direction was back in 2015.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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03-02-2020, 12:50 PM
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#28
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Full time employment: Posting here.
Join Date: Feb 2019
Location: NC
Posts: 568
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Holding today. Have some cash from YTD divs and will add shares if SPY falls 20% from the recent high mark.
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03-02-2020, 12:57 PM
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#29
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Full time employment: Posting here.
Join Date: Feb 2019
Location: NC
Posts: 568
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Quote:
Originally Posted by BeachOrCity
Not to poke everyone, but today's rally at +666 even as we speak may be the last gasp for a few months.... Bueller, Bueller .....? BTW, 666 is the sign of "you know who"....
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I remember when GSPC fell to 666 during the subprime mortgage event. Been pretty strong since that low.
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03-02-2020, 02:04 PM
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#30
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Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
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So at market close, only 8% of poll takers took a bit off the table. 5% bought more and most everyone 86% stayed the course (72 Sample size).
I am a bit surprised there were not more takers who regretted not rebalancing before last week or tweaking their AA a bit with the risk of a market downturn being higher now. But even a stopped clock is right twice a day, right?
....time will tell.
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03-02-2020, 02:28 PM
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#31
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Can't vote, because I both sold and bought some option contracts today.
Generally, I bought back some outstanding options that looked hopeless and cheaper than when I sold.
And I sold some options that were also out-of-the-money, but at strike prices not so outrageous because I did not think the market would soar back to where it was recently, in just a few weeks before the options expire.
The goal is as usual, that is for the options to expire worthless, and for me to still have the shares to sell new options for the next month.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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03-02-2020, 02:29 PM
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#32
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,544
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I checked selling because I sold my NVAX at the opening. Bought it last week at 6 and sold at 14 this morning. Just a few K in my play account. Other than that I am standing pat.
__________________
-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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03-02-2020, 05:18 PM
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#33
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Recycles dryer sheets
Join Date: Nov 2017
Location: Green Bay
Posts: 226
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Stayed the course
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03-02-2020, 08:14 PM
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#34
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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Quote:
Originally Posted by BeachOrCity
So at market close, only 8% of poll takers took a bit off the table. 5% bought more and most everyone 86% stayed the course (72 Sample size).
I am a bit surprised there were not more takers who regretted not rebalancing before last week or tweaking their AA a bit with the risk of a market downturn being higher now. But even a stopped clock is right twice a day, right?
....time will tell.
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We're living off of 2/3 of our income, which is all pension/ss - the rest is put into equities. So our AA is 100% equities basically. Nothing to rebalance, nothing to regret.
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03-02-2020, 08:55 PM
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#35
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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I voted "buy" before fully reading the instructions. We did some buying today but it was a scheduled purchase unrelated to the current gyrations.
I did reallocate from bonds to stocks last Wednesday and Friday. Waiting to see what happens before doing any more, so essentially standing pat.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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03-03-2020, 05:24 AM
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#36
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Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Gosport, IN
Posts: 1,218
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Bought some index shares on Friday close and am holding.
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03-03-2020, 09:39 AM
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#37
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by easysurfer
I'm staying the course .
The same rationale as no sense is tornado chasing when stormy weather hits.
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What if your current path leads to a tornado in front of you? Stay the course?
Just teasing.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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03-03-2020, 11:48 AM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by NW-Bound
What if your current path leads to a tornado in front of you? Stay the course?
Just teasing.
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I'd have other things to worry about than my finances .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-03-2020, 12:22 PM
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#39
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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03-03-2020, 12:35 PM
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#40
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Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
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