Do you have a plan before the stock market crash?

Discussion in 'Stocks & Derivatives' started by Aurora et luna, Feb 20, 2020.

  1. Jason1

    Jason1 Well-Known Member

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    I pulled majority of mine, keeping the money aside to put back in when the shits down a bit more.
    it will be hard to predict the bottom, but as long as the buy in is cheaper than when i bought in last time, I will be happy.
     
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  2. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I don't see much fear here yet. It sounds like you've never been in a market that's halved. :(
     
  3. Tennessee

    Tennessee Member

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    I've been in the market for 30 years. I've seen most everything
     
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  4. Lovey80

    Lovey80 Well-Known Member

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    I’m sitting on 100% cash since December. No metals either. Looking to get into stocks again once COVID-19 settles.
     
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  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    Yep I reckon we’ll see plenty of stock juicing stimulus before the proper crash that’s for sure
     
  6. alor

    alor Well-Known Member Silver Stacker

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  7. Tennessee

    Tennessee Member

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    AAPL is $306 today. Looks like I'm up $22k. Not to shabby for a senile old man!
     
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  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    That's a huge profit for a small move. Tip my hat to the amount of liquidity you're playing with in this market! I'd be a millionaire this week in gold stocks if I had that :eek:
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold stocks have nearly doubled since March. I bought a little at that time. Will be adding when prices fall back.
     
  10. Tennessee

    Tennessee Member

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    Wasn't always like that. When I was in my 20s I have no savings, lots of credit card debt, I lived paycheck to paycheck and usually there was more month than money.
     
  11. heartastack

    heartastack Well-Known Member Silver Stacker

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    There are still some ASX spec stocks that pump 100-300% in a day or two based on news. I'm lucky in that my office hours in the US are 9-5pm and the ASX opens at 6pm local time so it's the perfect quarantine hobby. It's more like gambling though. I play with stocks at or around 10M market cap with upcoming exploration news or drilling results. I'm speculating and trading on gold stocks, not really investing. Management team research, cash on hand, exploration land placement (look at 'nearology') and sentiment on hotcopper forum are the basics.


    I'm probably only just getting out of that hole. Bravo mate
     
  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    There has also been a good doubling + in the uranium juniors space. I think I mentioned that a few months ago.
     
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  13. Tennessee

    Tennessee Member

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    I've only owned 3 stocks in the last 30 years. DELL owned it through 7 splits. 500 shares became over 40,000 shares. AAPL owned it through 2 splits 1000 shares became 14,000 shares. TSLA bought it in the $160s and, although it's had quite a pull back, it's trading at $818 as we speak. With patience and time one can do very well indeed.
     
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  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The political and social sentiment around uranium has always had me worried.

    I'm leaning more toward gas and low carbon oil as the main source of our energy requirements in the future. Doesn't mean the opportunities to dabble in U stocks is not there, I'm just not as optimistic about its role as an energy source anymore.
     
  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    If you managed to buy at the bottom of the market then you would have done very nicely. My portfolio has nearly doubled in value when compared to pre-COVID, some are at a loss, some are not.
     
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  16. heartastack

    heartastack Well-Known Member Silver Stacker

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    you have to be genuinely interested in the U market to sit through this one but I think it covers most of it


     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Coincidentally, I've been looking at Dell/VMWare last week. I've been hoping to add on FB but missed the last dip. Even though I'm a long time iPhone fan, AAPL is too dependent on the Chinese and risky in my opinion. First we have the virus, which is a form of biological warfare, don't know what's next. I suspect it will be targeted at the tech and power infrastructure.
     
    Last edited: May 9, 2020
  18. willrocks

    willrocks Well-Known Member Silver Stacker

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    My plan is cash on the sidelines and not to catch a falling knife. I'll buy back in post-crash if / when p/e ratios look good. I'd also like to see a few months of upward momentum.

    Stocks were already over-valued before 2020 when there was a blue-sky outlook.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Well said. The market has so far been blinded by the virus. The virus might have been the trigger but there are underlying geopolitical and economic problems that haven't really shown up entirely. Might be the reason why Buffett is holding back.
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I sold my Cameco at a loss after holding it for coming to 8 years. The market and pricing for uranium has always been a mystery to me. I'll be studying this again and maybe buy back if there's a stock market dip.
     

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