Results 261 to 280 of 1389
Thread: Stocks
-
02-06-2018, 02:45 AM #261
Dow lost around 900 points in the overnight, gained back about 700 of those.(as of 3:30 am)
good chance today is the reversal day.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018 02:45 AM # ADS
-
02-06-2018, 04:16 AM #262
and now dropping again, will be a crazy opening.
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 04:59 AM #263
I'm predicting another modest pullback today. That 10% correction is long overdue. It's easy to panic when you see these types of numbers. But in reality this is just a normal corrective measure. That bull has gotta catch his breath sometime!
It's only "science" if it supports the narrative.
-
02-06-2018, 05:03 AM #264I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 05:12 AM #265
The DOW futures have been down 934 points in the overnight.
currently off around 300.
It's just a matter of when the bulls feel they have gotten enough of a discount to buy again.
When/if it happens, my charts will show it clearly.(Reversal/buy signal)
Capitulation is what you seek.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 06:00 AM #266
I bought Quantum Cobalt awhile ago for .93 share, it has gone down to the 20's and currently at .39
Percentage wise, I'm off a bunch but I only bought 1000 share so I'm willing to see what Springtime brings to these mines.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 06:14 AM #267
Who here has a 529? Comments and suggestions?
-
02-06-2018, 07:20 AM #268
I looked into a 529 for my kids college savings (20 years ago) and instead went with a custodial account as it gave me much more freedom. A custodial account is just like a regular portfolio that you manage until the child is 21 at which time it becomes theirs. Taxes are really low because they are paid at the college students rate when they cash out and you are not bound by any 529 restrictions.
This worked out particularly well for my oldest as she ended up with a 4 year full ride academic scholarship and we could use the money elsewhere to help her.
YMMV
-
02-06-2018, 07:33 AM #269
-
02-06-2018, 10:39 AM #270
I started the accounts soon after the kids were born. They are nothing more then your typical stock trading account except for the fact the custodian (me) makes the trades and manages the stocks and not the child. When the kid turns 21 they become the custodian of their account, which makes it just like any other stock portfolio. I had the accounts set up through Charles Schwab. My kids accounts averaged about 10% a year over 20 years, which is about the market average. Certainly a better return than a savings account or CD, but you have to suffer the rollercoaster markets.
-
02-06-2018, 12:04 PM #271
-
02-06-2018, 12:08 PM #272
dows up 500+
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 12:50 PM #273
I think Tuesday's rally is a dead cat bounce. The market has to correct sometime, and usually choppy and dramatic swings in both directions are a prelude to a pullback.
It's only "science" if it supports the narrative.
-
02-06-2018, 01:46 PM #274
Certainly a possibility but heres what I see:
Market bottoms or swing bottoms are usually accompanied by a volume spike.
Without the spike, the market or swing bottom is usuall temporary and will not hold BUT you get a bounce(perhaps a dead cat, though usually a bear market term)
Avg. volume prior to yesterday had been about 460million shares.
Yesterday the volume spiked to 714million, pretty much a capitulation.
Today you had folks that had been holding cash since the Trump election, waiting for a buy in point.
Volume for today was 823million.
All in all, a good basis for a swing bottom, in a bull market.
Also--earning season is now, companies are all receiving cash benefits from the corporate tax cuts.
It has challenged many because they usually don't have glut of un suspected money.
I think it is a strong 4th quarter reporting, overall.
So, even though I currently have very limited exposure to the Dow/Nas./S&P, I think we will see new highs in the not to distant future.
Then I'll start looking for that volume spike on top.
I could be wrong--Rock could be right--The market will tell.
The trick is to make profit from your plan and plan to profit.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
Post Thanks / Like - 1 Likesrockgremlin liked this post
-
02-06-2018, 02:15 PM #275
Heres what I'm talking about with companies reporting 4th quarter, this is a copy of Olin's 4th quarter report.
Olin Corporation (NYSE: OLN) announced financial results for the fourth quarter and full year ended December 31, 2017.
The fourth quarter 2017 reported net income was $489.3 million, or $2.89 per diluted share, which included a tax benefit of $437.9 million from the Tax Cuts and Jobs Act of 2017 (2017 Tax Act). The fourth quarter 2016 reported net income was $17.5 million, or $0.10 per diluted share. The full year 2017 reported net income was $549.5 million, or $3.26 per diluted share, which included a tax benefit of $437.9 million from the 2017 Tax Act. The full year 2016 reported net loss was $3.9 million, or $0.02 per diluted share.
Having that much extra money--somehow might prove problematic but I don't know how.
Certainly some inflation concerns as well as inevitable rate increases(glad my house is paid for)I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 02:28 PM #276
Interesting and related read
https://www.cnbc.com/2018/02/06/feds...inflation.htmlI'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-06-2018, 02:37 PM #277
I would venture a guess, we are at the stage marked excess.
New money comes in, bull are in charge everything is going good.
then it's not....
may take quite awhile to play out, maybe top around next fall??
It's all speculation till someone gets their eye poked out.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-08-2018, 01:10 PM #278
Looking like Rock is Right!!
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
Post Thanks / Like - 1 Likesrockgremlin liked this post
-
02-08-2018, 01:14 PM #279
I'm off just over $400 today in:
Lithium
Emerging markets
Oil & gas
MJ is still holding and that is where I have a bunch of sharesI'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
-
02-08-2018, 01:54 PM #280
The Dow Jones industrial average*plunged 1,033*points Thursday, its second-worst point drop in history, extending its losses in the recent selloff to more than 10% and*putting it officially into correction territory for the first time in since early 2016.
Visitors found this page by searching for:
Outdoor Forum