What stocks are you trading today

[YancyW]

I think with the current state of the US and world markets, I thought I would make a thread so we can talk about what moves everyone is making.

The first thing out of the gate this morning, selling SQQQ, I bought this late on Friday.

I am looking at some bank stocks, Citi is going to open at 20% down today. There is no way I can not be buying back in on Citi at $40ish.

Also looking for entry points back into big tech. Apple, Amazon, Coupa, and Adobe.

 

[mikecatt13]

Following

 

[LivingTheDream]

You are going to laugh but I am actually following cryptocurrencies very closely. They are getting crushed.

 

[YancyW]

You are going to laugh but I am actually following cryptocurrencies very closely. They are getting crushed.

My understanding of that market is very weak. I had a good friend who was all over Bitcoin in the early years, I never actually understood what he was talking about, but when he passed away last year, his wife was left with enough money to take care of a couple of generations. I should have paid more damn attention!

 

[Rimbaud]

Most people should just buy SPY, a low cost ETF that tracks the stock market. In times like this, fear misprices a lot of stuff, but there is no guarantee that it goes up tomorrow.

 

[Uncle Sauce]

Following as well - Should be a wild ride....

 

[YancyW]

SQQQ sold, that was a great lick for me.

Bought Citi @ 41.80

 

[YancyW]

Microsoft at 147.1

 

[LivingTheDream]

@YancyW nice buy!

Yeah Crypto is not for the faint of heart, stuff can double in 24 hours and drop 50% in 24 hours. I know guys that got in early and they dont work anymore and spend alot of time on beaches.

The nice part of it is that the technical analysis is usually spot on. I would not go all in on anything but it can be a nice (albeit small) part of your portfolio.

Right now can't tell if it is doing a dead cat bounce or not but still think there is still another drop coming.

I wish African outfitters would accept BTC as it is super easy to send over seas but the price fluctuations is why I think it hasnt caught on more.

 

[Uncle Sauce]

RGLD @ 73.41

 

[YancyW]

@YancyW nice buy!

Yeah Crypto is not for the faint of heart, stuff can double in 24 hours and drop 50% in 24 hours. I know guys that got in early and they dont work anymore and spend alot of time on beaches.

The nice part of it is that the technical analysis is usually spot on. I would not go all in on anything but it can be a nice (albeit small) part of your portfolio.

Right now can't tell if it is doing a dead cat bounce or not but still think there is still another drop coming.

I wish African outfitters would accept BTC as it is super easy to send over seas but the price fluctuations is why I think it hasnt caught on more.

I've had some bitcoin for several years, my friend helped me set it up. But I have only used it a couple of times to pay for stuff, it does appear there are many more options to use it than a few years ago.

 

[YancyW]

UNH @ $239

 

[Rick Cox]

If I could find one cheap, I would like to invest in a blank of highly figured walnut...

 

[YancyW]

If I could find one cheap, I would like to invest in a blank of highly figured walnut...

Unfortunately, there may be some guns on the market for cheap in a few weeks.

 

[YancyW]

MDC @ $157

 

[Ridgewalker]

I always buy high and sell low!
Actually I stopped trying to time the market during the Carter years and black Monday. “Sit and ignore”. If I was excess in cash, I would follow the “Oracle of Omaha” and buy a cheap S&P 500 fund. Then sit and watch it slowly go up.
Near retirement I sold some and moved it into bond and municipal funds, oh yes and some GLD shares all as buffers.
I try to not look at the markets in times like this. I also take as little out as I need during times like this.
I sit on 6-12 months cash (enough to cover bills, food, house payments, or worst case emergency.
I’ve done this most of my life and so far it has kept me afloat and emotionally comfortable.

I will be watching you guys just to see how you do. Lots of friends have done better than me, but more have done much worse. Best of luck to all!

 

[Uncle Sauce]

I always buy high and sell low!

I do the same - Hey, its worked well for so long!

"The stock market crashed this week, but market analysts are not calling it a crash. They're calling it a 'correction.' Oh, shut up! A correction. You never hear that at NASCAR. 'Oh, we had a fiery correction on turn three. Four men are dead.'" Jay Leno

 

[Rob404]

I have a Winchester M70 stock I'd Like to trade for a CZ American

 

[YancyW]

I always buy high and sell low!
Actually I stopped trying to time the market during the Carter years and black Monday. “Sit and ignore”. If I was excess in cash, I would follow the “Oracle of Omaha” and buy a cheap S&P 500 fund. Then sit and watch it slowly go up.
Near retirement I sold some and moved it into bond and municipal funds, oh yes and some GLD shares all as buffers.
I try to not look at the markets in times like this. I also take as little out as I need during times like this.
I sit on 6-12 months cash (enough to cover bills, food, house payments, or worst case emergency.
I’ve done this most of my life and so far it has kept me afloat and emotionally comfortable.

I will be watching you guys just to see how you do. Lots of friends have done better than me, but more have done much worse. Best of luck to all!

I do plenty of both, I almost never touch my SEP and my 401k. However, this particular downturn was not hard to see coming, it was clear we were going to get smashed by this virus, the oil price collapse just was an amplifier, not by accident either.

There are tons of great buys right now. United Healthcare at $235 is a very good deal. All of the managed care companies being knocked down 20% or more is crazy. Molina and Centene are going to roar out of this.

 

[375 Ruger Fan]

Haven't bought or sold anything lately. Looking to buy Berkshire Hathaway (BRK-A). They are down 20% and Warren Buffett was sitting on $120+billion of cash. My guess is he makes some very good purchases soon.