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Joined: Dec 2006
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Campfire Tracker
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Campfire Tracker
Joined: Dec 2006
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The challenge is going to be sitting out and not missing most of the rebound because you dont believe in the bottom. I think there is a really good profit to be made if one just got in right now and let it ride. That being said, it is dropping on monday according to reports.
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Joined: Feb 2007
Posts: 16,512
Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2007
Posts: 16,512 |
MSFT is a good company....
Folks, if you have dry powder, this might be very rewarding and continue getting better......a few more days like this.....we could be at a 50% drop from highs.
Per above, YES, the S&P is a better indicator to use I agree.....do you folks think the Nasdaq will rebound faster and stronger than the S&P, relatively the same, or under perform it? Just a guess, not holding anyone to anything, it's all a guess.
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Joined: Jan 2001
Posts: 14,326
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
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65%, down around 12,000 if its only a recession.
Phil
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Joined: Jun 2008
Posts: 13,357
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
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On DCA, do you folks do a set timing or pick down days to buy into on intervals? Great comments folks, thanks for sharing your thoughts. I am and have been DCA on IDXX a great stock. I usually buy when I have enough for a block.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Dec 2006
Posts: 28,172
Campfire Ranger
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Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
17K will be real close to the bottom.
I'm glad I jumped out at 25K. My broker thought I was rash and too cautious. I'll buy when it drops below 18K but not all in.
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
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Joined: Nov 2011
Posts: 31,080 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 31,080 Likes: 4 |
Winner, winner, chicken dinner! Just my opinion and not based on anything but I think it will bottom out about 20,000 and be up to 30,000 by year's end. But, I hope ‘sniper is right. We've already seen the bottom. Looks like I was wrong.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Jan 2001
Posts: 11,004 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 11,004 Likes: 3 |
I was wrong also......I thought that it was about 3000 points ago! memtb
You should not use a rifle that will kill an animal when everything goes right; you should use one that will do the job when everything goes wrong." -Bob Hagel
“I’d like to be a good rifleman…..but, I prefer to be a good hunter”! memtb 2024
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Joined: Sep 2011
Posts: 61,105 Likes: 22
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 61,105 Likes: 22 |
You do not need to hit the very bottom, and you do not need to sell at the peak. Greed distorts thinking.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Nov 2011
Posts: 31,080 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 31,080 Likes: 4 |
On October 23rd 1929 JP Morgan attempted to end the route in stocks.
He walked onto the Floor of the NYSE and bid $205.00 per share of 10,000 shares of X (U.S.Steel). But the market didn't care, and continued lower.
That's kind of what it did to Jerome this morning. Last night he bid 0% interest rates and 700 Billion in quantitative easing, and the market sighed, and went lower....
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Dec 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
Posts: 14,408 |
look for a 4 digit dow before this is done.
My diploma is a DD214
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Joined: Feb 2007
Posts: 16,512
Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2007
Posts: 16,512 |
Good stuff, looks like IDXX is in a good business, not subject to typical pharma issues.
As to the bottom, I agree on that 18 as an entry point.........based on today, we might hit that this week, and then some.
If CV is not resolved soon, do most of you think the markets will continue eroding or find a bottom around half of the 52 wk highs?
I agree, can make money buying nor and lower and you can't pick the highs and lows - yes overthinking and greed will distort.
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Joined: Jun 2008
Posts: 13,357
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,357 |
Good stuff, looks like IDXX is in a good business, not subject to typical pharma issues.
As to the bottom, I agree on that 18 as an entry point.........based on today, we might hit that this week, and then some.
If CV is not resolved soon, do most of you think the markets will continue eroding or find a bottom around half of the 52 wk highs?
I agree, can make money buying nor and lower and you can't pick the highs and lows - yes overthinking and greed will distort. IDXX has been my golden baby for me since 2004. My Vet turned me onto it.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: May 2010
Posts: 6,668
Campfire Tracker
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Campfire Tracker
Joined: May 2010
Posts: 6,668 |
It’s going to 18000 or lower
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Joined: Jun 2006
Posts: 13,401
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 13,401 |
I'm buying when
MSFT hits 132
AAPL hits 225
AMZN hits 1700
“There are some who can live without wild things and some who cannot.”
ALDO LEOPOLD
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Joined: Jun 2008
Posts: 13,357
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,357 |
I'm buying when
MSFT hits 132
AAPL hits 225
AMZN hits 1700 Man you either have very deep pockets or are not buying blocks. If you aren't buying in blocks that brings the price per share up divided by the trade fees. Which leads to another thing you'll most likely do much better in a solid No-Load Fund.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Dec 2010
Posts: 75,000 Likes: 5
Campfire Oracle
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Campfire Oracle
Joined: Dec 2010
Posts: 75,000 Likes: 5 |
I'm buying when
MSFT hits 132
AAPL hits 225
AMZN hits 1700 Add GE to the list.
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Joined: Dec 2008
Posts: 8,324 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,324 Likes: 1 |
I'm buying when
MSFT hits 132
AAPL hits 225
AMZN hits 1700 Add GE to the list. I'd bet GE doesn't see the other side of this recession and I don't think Ford will either. At least without a big gov bailout and restructuring. .
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Jun 2008
Posts: 13,357
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,357 |
I'm buying when
MSFT hits 132
AAPL hits 225
AMZN hits 1700 Add GE to the list. I'd bet GE doesn't see the other side of this recession and I don't think Ford will either. At least without a big gov bailout and restructuring. . You are kidding right? I highly doubt GE is going anywhere but up over the long term. No I don't see them as a big winner but they are a sound company.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Dec 2006
Posts: 28,172
Campfire Ranger
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Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
Bought into an S&P fund today.
I took 65% of what I had when I sold at DOW 25K and am keeping 35% to buy in if it really tanks...rock bottom.
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
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