If Aurora leaves the station without me today, there will still be another time to get in.
I'm in no hurry.
I'd like to see a decline into the end of this week, then buy prior to earnings.
My Fibonacci projections have 9-24 as a key date.
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If Aurora leaves the station without me today, there will still be another time to get in.
I'm in no hurry.
I'd like to see a decline into the end of this week, then buy prior to earnings.
My Fibonacci projections have 9-24 as a key date.
I did buy the mutual fund--VGPMX yesterday.
This is up close to 3% in 2 days, hopefully precious metals still climb.Quote:
Originally Posted by oldno7
Lithium is also growing at a steady pace.
Yesterday I got back in pot stocks.
And today, back out of pot stocks.
My Aurora trade +12.44%
Canopy + 6.18%
I still own smaller pot stocks.
I still think a big jump is coming, if my fibo #'s work, we should have 2 down days, then to the moon.
If I'm wrong, there will always be another trade.
I detest giving back hard earned $$, which is why I often make a good trade and miss a great trade.
My precious metals mutual fund won't reconcile until after 4:00 today but it should be up quite well again.
Ohh--and the DOW set a new all time high, it was lagging the Nasdaq and S&P
in 3 days, the mutual fund I bought is up 4.23%(VGPMX)
I'm thinking Tesla is about to follow Tucker and Delorean into the dumpster of car companies that were great ideas that just didn't pan out. FWIW - Tesla stock is down 44% from it's summer high and the company is burning through cash.
Tesla faces a reckoning with CEO Elon Musk's job in jeopardy
http://www.ksl.com/index.php?sid=46397851&nid=151
I know not many follow this so I don't update frequently.
Last week I bought into another Canadian pot stock that I feel is just getting started---ALEAF
This morning I'm completely out of Aurora.
The Canopy and Aurora stocks had a very nice run and should continue up but at a more moderate pace, I think the big money has been made(until coke or some other put big money into Aurora and they will)
I looked for more undervalued pot stocks and besides ALEAF, bought CHOOF, Auxly Cannabis.
Also meddled(lol) into precious metals and am waiting for one more push down to buy in, earnestly.
Dow falls 832 points in third-worst day by points ever
Meh... we had two bigger corrections in February. Watch for the market to bottom out and buy.
:popcorn:
Quote:
Originally Posted by Iceaxe
Yup....the corrections back in February were 'Yuge'. By May the Dow had started to climb again.
Good time to consider buying opportunities.
The market was about 18,000 when Trump took office, it's over 25,000 now. You can currently get 3% guaranteed on some savings accounts so many are pulling the money they made over the past two years and parking it in a safe place until after the mid term elections.
If the GOP keeps both houses the market will make another big run, if Democrats take both houses the market will drop, if we have a mixed bag the market will slowly rise.
You're welcome
[emoji631]
Quote:
Originally Posted by Iceaxe
Interesting how the market is so intimately tied to whoever happens to be in power at the time...
It's not a real mystery.... It has to do with taxes, how businesses will be taxed, and how profits will be taxed.Quote:
Originally Posted by rockgremlin
As a general rule Democrats believe in redistribution of wealth through taxation, while Republicans believe in trickle down. That's painting the picture with a broad brush, but will help some understand why the market is so closely tied to who is in power.
[emoji631]
Quote:
Originally Posted by rockgremlin
Hmm--HUI up over
7% today
This is why I bought precious metals(wish I'd bought more)
Even with the recent large correction in the stock market and with the large correction in February the DJIA is still up 9.53% for the past year (365 days). Just thought I'd point out that small fact as that's a great return. At that rate you can double your money every seven years.
[emoji631]
Nike is down $11 +/- from those highs....that's weird.Quote:
Originally Posted by DirkHammergate
Auxly up 18% today, thus farQuote:
Originally Posted by oldno7
The math just doesn't work....
So Netflix has not turned a profit in over 5 years and will burn through another $3 billion this year, yet folks keep buying the stock.... that's just crazy to me...
Netflix to borrow another $2B to pay its programming bills
http://www.ksl.com/index.php?sid=46411868&nid=151
Climb-Utah.com
Quote:
Originally Posted by Iceaxe
Well, guess that means there won't be another season of Anne With an E.
Sad...
Stock market drops again, wiping out 2018 gains for the Dow and S&P 500
Quote:
Originally Posted by accadacca
Must be a slow news day...:sleeping:
Many folks see an article like this and attribute it to doom -- signs of an eroding economy that is on a downhill slide. Thing is....downturns in the stock market are how money is made. The ebb and flow of the stock market is as natural as the cycles of night and day, or the seasons.
This latest "stock market drop" is really just a "correction," meaning it is just taking a break. It can't go up all the time. Now is a great time to buy, since the fundamental concept behind making money in the stock market is to.....buy low, sell high.
And here we go on the up. Dow rebounds over 400 points.
https://www.cnn.com/2018/10/25/inves...dow/index.html
Dow is currently up over 900 points from where it was a week ago.
I think there's a lot of volatility right now (dramatic up and down fluctuations) in anticipation of the midterm elections.
PREDICTION: Wednesday is going to be a BIG day either up or down, depending on the results of tomorrow's elections.
https://www.msn.com/en-us/money/mark...HFm?li=BBnbfcN
Looks like Wall Street is good with the results.
Dow is up over 1,800 points from the October 29th low of 24,442.
A 1,800 point swing in just 8 trading days. :2thumbs:
Market gains for 2018 wiped out by plunging stocks
It's the worst Thanksgiving week for the Dow and the S&P since 2011, according to Dow Jones data.
#maga
https://www.nbcnews.com/business/mar...m_npd_nn_fb_ma
The Fearful will see catastrophe, the wealthy will see opportunity.Quote:
Originally Posted by accadacca
YMMV
Do you have any clue how the stock market works?Quote:
Originally Posted by accadacca
It's all about the long term gain and not the short term peaks and valleys. Not to mention I've never seen someone similar to you that is actively cheering against a prosperous economy.
But a little tip a negative nellie like you might want to take advantage of. You can actually make money on stocks by selling short. If you honestly believe stocks are headed for the crapper now you know how to get rich.
FWIW - since Trumps election the stock market is still up 26.7%.
Climb-Utah.com
Buy low and sell high. [emoji106]Quote:
Originally Posted by rockgremlin
Climb-Utah.com
It's scenarios like these that are frustrating for the day traders out there:
Attachment 91225
Dow starts out plunging, and then rallies 600 points in the afternoon. :lobby:
From what I've seen, whenever the Dow trades choppy and erratically there's a large drop just around the corner. And the Dow has been all over the place recently.
I don't see another drastic recession like what occurred in 2008, but there's is a very large pullback coming soon. Maybe a 25% ~ 30% decrease possible?
Bookmarking this for if I'm right. If I'm wrong I'll just delete this post and we can forget I ever said anything. :mrgreen:
Today (12/7/2018) the Dow is at 24,388...
Quote:
Originally Posted by rockgremlin
I have money on the sidelines, waiting to put into tech.
My charting suggests the 18th is an important date.
I'll be looking to invest again, around then in tech.
Currently. MJ is on the rise, yesterday should have been a low, still good money here but likely a bit slower pace than prior.
or----you could just buy bitcoin:naughty:
If I owned bitcoin(never have), I would trade it all in for pot stocks.
I'm investing all my spare cash in hookers and blow... the rest I'll probably just waste on stocks.
Second straight day of over 2% (500 point) decreases.
My crystal ball says a modest correction is coming tomorrow (Tuesday December 18).
I'm just watching it going boing, boing, boing. I won't be tapping into it for 15 years.
I'll go in and buy some stock when it gets below 20K. Everybody is tapping the equity and they may just get really sloppy.
Quote:
Originally Posted by rockgremlin
It all depends on what the Fed does tomorrow with interest rates.
Climb-Utah.com