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05-09-2019, 09:33 AM | #2836 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Here we go!!!
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Posts: 45,678
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05-09-2019, 09:34 AM | #2837 |
Fish are scared of me
Join Date: Nov 2001
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Ugh.
time to close the laptop! |
Posts: 40,418
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05-09-2019, 09:34 AM | #2838 |
Andy Reid Supporter
Join Date: Apr 2012
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I hope Trump figures a deal out with China tomorrow. What a damn brutal day
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Posts: 46,346
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05-09-2019, 09:41 AM | #2839 |
Andy Reid Supporter
Join Date: Apr 2012
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I’m worried that China is going to retaliate tomorrow and **** the market
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Posts: 46,346
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05-09-2019, 09:45 AM | #2840 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
I don't see the logic here. Let's say your stock in the company is worth -- whatever - $1,000 today. It is utterly irrelevant how much you spent to GET that stock. That is where you are today. Your choices are: 1. sell, lock in the loss (which can be used to offset taxable gains elsewhere), invest in something else, or 2. hold, waiting for...something. The stock to recover so you take no loss I guess. Or less of one. Would you be better off a year from now, or ten, if you sold today, took the loss, had the tax write off, and invested in teh S&P 500 or whatever, or continued to hold this dog of a stock? The answer is likely clear. If your stock is down, whatever, 50%, then you don't need it to go up 50%, you need it to go up 100% to get back to even. What are the chances of that? Yeah, likely not good. If the odds were good it was going to go up 100%, then it's a strong buy for EVERYONE, not just a hold for you. But are people buying? Apparently not. This is nothing more than the Disposition Effect in action. https://en.wikipedia.org/wiki/Disposition_effect |
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Posts: 43,125
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05-09-2019, 10:33 AM | #2841 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
Guess what order just got filled at $347.94? We'll see if it takes off, or if I got a small discount on a stock on an extended spiral heading into a crash landing... |
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Posts: 43,125
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05-09-2019, 10:45 AM | #2842 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 56,955
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05-09-2019, 12:12 PM | #2843 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,418
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05-09-2019, 06:18 PM | #2844 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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Posts: 36,618
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05-10-2019, 07:07 AM | #2845 |
Fish are scared of me
Join Date: Nov 2001
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Anybody buying UBER this morning. IPO opening at $45
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Posts: 40,418
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05-10-2019, 07:17 AM | #2846 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Posts: 8,282
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05-10-2019, 07:21 AM | #2847 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 56,955
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05-10-2019, 08:08 AM | #2848 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
I throwing 2K at it for shits and giggles. Not going to look at it for 2 years. |
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Posts: 40,418
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05-10-2019, 08:11 AM | #2849 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
But hey! My farm is making more money than that. Wanna buy some stock |
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Posts: 56,955
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05-10-2019, 08:37 AM | #2850 |
MVP
Join Date: Jan 2007
Location: Missouri
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I don't want to ruin my last move, but will reluctantly put a little in and hope for a quick emotional move. Can't let Hog have all the fun!
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Posts: 8,321
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