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stocks in meltdown mode

Debating with the enemy


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Old 03-12-2020, 10:42 AM   #1
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stocks in meltdown mode

Figured we could cry in our beers here

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Old 03-12-2020, 10:47 AM   #2
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Re: stocks in meltdown mode

Not even looking at my 401K. Ignorance is bliss.

But FU China!
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Old 03-12-2020, 11:19 AM   #3
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Re: stocks in meltdown mode

when Buffet was asked how much did he lose in the 2008 meltdown..he said nothing, because he never sold.
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Old 03-12-2020, 11:31 AM   #4
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Re: stocks in meltdown mode

I know gotta keep the long road view but it's tough right now when you're getting dick punched daily
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Old 03-12-2020, 11:37 AM   #5
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Re: stocks in meltdown mode

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I know gotta keep the long road view but it's tough right now when you're getting dick punched daily
I put everything into toilet paper with folks like Buffalo loading pallets in their truck
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Old 03-12-2020, 11:43 AM   #6
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Re: stocks in meltdown mode

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I put everything into toilet paper with folks like Buffalo loading pallets in their truck
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Old 03-12-2020, 04:22 PM   #7
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Re: stocks in meltdown mode

Good time to buy while its a red hot sale. For me its a game of when to buy. Waiting until I think its hit rock bottom then I have a few stocks I'm going to purchase.

When VW got caught cheating those emissions test I waited until their stock bottomed out and purchased $5,000 worth. I made a small fortune of that.
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Old 03-12-2020, 04:27 PM   #8
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Re: stocks in meltdown mode

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Good time to buy while its a red hot sale.
You think this is the bottom? I am going to be cautious, I really dont know where the bottom will be. if you thought is was last week and went all in then ..... yesh.
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Old 03-12-2020, 04:34 PM   #9
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Re: stocks in meltdown mode

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You think this is the bottom? I am going to be cautious, I really dont know where the bottom will be. if you thought is was last week and went all in then ..... yesh.
I have no clue but even if you purchased last week you still got it on the down side.
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Old 03-12-2020, 04:37 PM   #10
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Re: stocks in meltdown mode

I'm waiting for Bank Of America now at $20 to get between $16 to $14 a share and I'm buying maybe 300 shares. I've made good money of them tanking in the past. I sold my last BOA stock at $38 and my average purchase price was $13.
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Old 03-12-2020, 06:28 PM   #11
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Re: stocks in meltdown mode

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Originally Posted by sdskinsfan2001 View Post
Not even looking at my 401K. Ignorance is bliss.

But FU China!
A Pension Fund Trustee told me that our fund took a big hit.
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Old 03-12-2020, 11:35 PM   #12
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Re: stocks in meltdown mode

Any other tips on what might be good stocks to buy low? (Because i know nothing but have some money to play with and what better place to get financial advice than a sports team fan forum, right?)


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Old 03-16-2020, 04:15 PM   #13
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Re: stocks in meltdown mode

pure panic
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Old 03-16-2020, 05:02 PM   #14
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Re: stocks in meltdown mode

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Originally Posted by BigHairedAristocrat View Post
Any other tips on what might be good stocks to buy low? (Because i know nothing but have some money to play with and what better place to get financial advice than a sports team fan forum, right?)


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In the briefing today it was noted that 3M (the company) will gear up production of masks. That would be one, otherwise tech seems like a good bet and companies like homedepot that have no dog in the coronavirus fight but are getting slammed in the panic would stand out in my mind.

Speaking of tech, could you imagine how much worse this would be with remote learning, virtual meetings, and telework. Crazy.

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Old 03-16-2020, 05:12 PM   #15
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Re: stocks in meltdown mode

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pure panic


Another shot directly to the nuts today


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