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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
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Old 03-04-2021, 02:35 PM   #8146
Mr_Tomahawk Mr_Tomahawk is offline
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Originally Posted by lewdog View Post
Nasdaq in official correction territory. Down over 10%.
What does "official correction territory" mean?

Does this have any relevance to timing your investments in our current environment?
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Old 03-04-2021, 02:46 PM   #8147
MTG#10 MTG#10 is offline
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Market down, GME up is a trend.
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Old 03-04-2021, 03:06 PM   #8148
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Originally Posted by lewdog View Post
Nasdaq in official correction territory. Down over 10%.
A lot of NASDAQ high flyers are down 35-40-50% from their recent highs.

What goes way up too quick, must come down too quick.
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Old 03-04-2021, 03:24 PM   #8149
lewdog lewdog is offline
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Originally Posted by Mr_Tomahawk View Post
What does "official correction territory" mean?

Does this have any relevance to timing your investments in our current environment?
People here were losing their shit on 2-3% drops, which is really nothing and many times is consolidation on sideways movement.

10% drop has significance and the downward trend is official IMO around this marker.
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Old 03-04-2021, 04:15 PM   #8150
TinyEvel TinyEvel is offline
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People here were losing their shit on 2-3% drops, which is really nothing and many times is consolidation on sideways movement.

10% drop has significance and the downward trend is official IMO around this marker.
Yeah I'm thinking there will be green days like yesterday but followed by more deeper red. Like one step up, two steps down, for a while.

When there's that much upside in the bull people are taking profits, it's just what happens. Especially with s much uncertainty still around what type of recovery there will be, how long, etc. If millions of people are on limited or no income, it's not like everyone;s gonna be ready to hop on planes and spend money.
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Old 03-04-2021, 05:40 PM   #8151
Stewie Stewie is offline
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Boy. Powell didn't do the markets any favors with his words today or for the near future.
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Old 03-04-2021, 05:49 PM   #8152
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Boy. Powell didn't do the markets any favors with his words today or for the near future.
I'm sure Biden's stimulus blockage didn't help either. If/when we finally get another one the market should perk back up nicely at least for a few days.
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Old 03-04-2021, 08:02 PM   #8153
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20k dogecoin for long-term holding let's go
Mark Cuban’s Mavericks to Accept Dogecoin for Tickets, Merch
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Old 03-04-2021, 08:34 PM   #8154
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I dumped Deere this afternoon. Lew was right. I should have put a trailing stop in. I wanted to sell Monday but though hell it’s on a run counter to the market. LET IT ROLL. That was the top.

I really want to tie out their EOP deadlines are to their earnings reports. I have a pretty good handle on the ag market. Turf is pretty flat. Construction is typically pretty stable. I know ****all about forestry, but I think I can capitalize on the flex in the ag sector.
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Old 03-04-2021, 09:41 PM   #8155
philfree philfree is offline
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Old 03-04-2021, 10:13 PM   #8156
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Sad times out here. I’m loading up on Rolls Royce with liquid funds right now. Don’t think it’ll go any lower but will likely rebound heavily in the coming months.
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Old 03-05-2021, 04:53 AM   #8157
Hog's Gone Fishin Hog's Gone Fishin is offline
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After sleeping on it I'm considering trimming about 10 stonks, locking in losses for tax purposes and rolling into recovery stocks like AAL,CCL. Bottom line is ,whatever your portfolio is worth right now is what its worth so why not make a pivot ,grab a tax break at the same time. Might add some AMC also as even if the squeeze doesn't happen it should still double this year from where its at.
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Old 03-05-2021, 05:35 AM   #8158
Hog's Gone Fishin Hog's Gone Fishin is offline
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This guy talks faster than I can hear.
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Old 03-05-2021, 07:36 AM   #8159
lewdog lewdog is offline
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Old 03-05-2021, 07:38 AM   #8160
lewdog lewdog is offline
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After sleeping on it I'm considering trimming about 10 stonks, locking in losses for tax purposes and rolling into recovery stocks like AAL,CCL. Bottom line is ,whatever your portfolio is worth right now is what its worth so why not make a pivot ,grab a tax break at the same time. Might add some AMC also as even if the squeeze doesn't happen it should still double this year from where its at.
Panic selling!!!!
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