Posted on 05/03/2020 3:40:10 PM PDT by MeneMeneTekelUpharsin
The short answer is because they are more concerned about appearances than results.
I have pretty consistently made money trading options by treating the market as a hysterical ex-wife (mine actually).
When it drops as a matter of panic, I watch it a bit and then buy when I think it has reached a bottom. I define reaching bottom by the market hitting a low point and not being able to push on down past it and hold. If you watch a stock a lot, you can see the market get weak/wobbly trying to go lower. Sometimes I call it wrong so I have to just sit tight and wait for it to start climbing.
When I say fall on panic, I mean one must assess the putative reason for the plunge. I think most Freepers could be pretty good at determining whether the reason for a plunge is a valid one or whether the plunge is a hysterical reaction.
I believe you made a mistake. Have only been trading ups and downs only with almost no positions. Waiting.
Correct. It is just beginning.
THE CRISIS IS OVER!!!!
Another way to look at Buffet jettisoning the airline stock is how much MORE of a loss would be imminent in the very near future by trying to ride the wave out. He might have considered just going ahead and biting the bullet now before the airline stocks can’t even be GIVEN away.
The disease crisis is about over. The panic instilled by Democrat leaders and the media has cause so much damage to the economy that the economic problems are just beginning.
” If you want to invest for your retirement there is only one place to go, the stock market. ”
The stock market and bond market are great going up - and of course they’ve been pushed since the country switched from defined benefit plans to defined contribution plans.
And these two investment classes are sold by brokers, used exclusively by most financial planners, and pushed by websites and online brokerage firms.
We’ve done *great* investing in music royalty interests, apartment complexes, etc.
I believe you made a mistake. Have only been trading ups and downs only with almost no positions. Waiting.
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Pleased with performance so far but agree waiting is key. April was terrific. Too many bargains out there right now.
Just don't think it is the time to buy. I could very well be wrong. We'll see.
I am not doing terrible at this point. I am down approx. 9%.
(probably just jinxed myself)
Futures now down -384.
I am down 6 as of early last week from my high, we have purchased 5 additional companies at a significant discount
If it dips some more we will add a few more positions
Not selling so not worried
But they are not unbiased.
Yep. I buy when things are down and times are distressed. May is usually a sell off time.
Futures now down -347.
Futures now down -350.
Futures now down -347.
Yes, he has access to FAR more information than we have. So, Buffet selling completely out of airlines (he said so) means he knows things are not going to recover for a while. That is important information.
Rumor is Buffet will dump all of his Airline stocks on Monday
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