guys.......stock market........

One day after I buy, the Dow drops another 2k.
 
BTFD doesn't necessarily mean "buy the fucking dip"
It can also mean "bought the farm, dude"
 
PaleMoonlight said:
I’ll wait til next week to invest more.

i fucked up by buying FB last month and it’s down $50 per share. The rest I think I’m still a bit ahead.

I’m going to buy these next week - once it’s lower (all speculation):

Disney
Delta airlines
Uber

I think these will eventually go up down the road.

good luck to everyone.
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Disneyland closes down on Saturday until March. Have to wonder how much of an impact streaming services will have over the next year.
 
ithinktheymad said:
Disneyland closes down on Saturday until March. Have to wonder how much of an impact streaming services will have over the next year.
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I was surprised to see that theme parks is only 30% of Disney’s revenue.

with everyone staying home, subscription times Disney plus will probably be significantly higher. I’m guessing Netflix subscribers is already peaking so Disney has a lot to gain from this debacle. They have a new ceo in training though so there’s a chance profit will be down even more.
 
PaleMoonlight said:
I was surprised to see that theme parks is only 30% of Disney’s revenue.

with everyone staying home, subscription times Disney plus will probably be significantly higher. I’m guessing Netflix subscribers is already peaking so Disney has a lot to gain from this debacle. They have a new ceo in training though so there’s a chance profit will be down even more.
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What portion of their revenue comes from the box office?
 
PaleMoonlight said:
I was surprised to see that theme parks is only 30% of Disney’s revenue.

with everyone staying home, subscription times Disney plus will probably be significantly higher. I’m guessing Netflix subscribers is already peaking so Disney has a lot to gain from this debacle. They have a new ceo in training though so there’s a chance profit will be down even more.
Click to expand...

With the economy collapsing, people are going to want to cut corners, so raising subscription prices now would not be a good move. They need to hope to add customers...
 
rj144 said:
With the economy collapsing, people are going to want to cut corners, so raising subscription prices now would not be a good move. They need to hope to add customers...
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My apology for the confusion. What I meant was that Disney Plus subscribers will probably go up because of the virus, not that Disney will raise the price. So in long term - this is probably good for them.


ithinktheymad said:
What portion of their revenue comes from the box office?
Click to expand...

I’m not sure, I think it wasn’t as much as I thought either. What surprised me was the amount they were making from merchandise/licensing fees.
 
Not just stocks that are hurting. One of the businessess I aquired less than 1 year ago has gone from a solid earner that was climbing month on month to losing money overnight. Its on the travel niche, so yeah.... shit hurts. I have 5 staff on this business alone too. I'm not going to let anyone go as I have the cash go ride this out, but I'm going to be losing money for the next few months on this one and this will also affect the 2020/2021 high season. I have customer service members right now and the only emails they are handling are corona cancellations. Had to basically make them admin VAs in the short term and get them working on business development so that I can keep this business alive and growing after corona. Right now it's basically an $140k business losing me money, which really sucks.

You don't even want to know how fucked some of my Amazon stuff is also. I was okay on some brands as I keep stock in a 3PL stateside to handle unexpected surges like prime day etc, but I've also stocked out on several products, which really hurts your rank on Amazon.

I'm just hoping to take advantage of the market at the bottom and deploy some cash while hoping the rest of my businesses don't get hit too hard
 
ToxicShocker said:
Stock market tips from a guy that lives with his parents?
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{<jordan}

ToxicShocker said:
Big things happening in the basement sector, hot pockets and chicken tendies are exploding right now.

Hentai body pillows outpacing home healthcare spending
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giphy.gif
 
Are you guys selling/re-balancing your 401K investments as well or just your other investments?
 
I was reading an article and apparently (call me unaware for not realising this sooner), the major drop in the stock market was not due mainly to coronavirus but to the Saudis cutting production in oil. This mainly hit the US petroleum industry as low selling prices are bad for them (as production costs are higher in US, leading to a thinner bottom line).

Apparently the Saudis called the Russians to drop the oil production in concert.
However the Russians refused, so the Saudi Prince unilaterally cut production massively in a sort of temper tantrum, just to show how much he could cut production.

That blindsided the stock market and caused a crash.
Also the stock market worldwide is in a financial bubble right now due to low interest rates...Coronavirus & oil shocks could burst that bubble, then we are royally fucked, 2008 style.

What surprises me politically is that I thought Trump loved the Saudis. How can it be that the Saudis fucked the USA so bad?
 
Alright boys....HUGE day in the market.

For those of you waiting like me did we just fuck up and miss the bottom or will it continue to fall?

President just gave a boss press conference where they announced big strides in handling the crisis as well as standing behind the cruise and airline industries.
 
kahiljabroni said:
Alright boys....HUGE day in the market.

For those of you waiting like me did we just fuck up and miss the bottom or will it continue to fall?

President just gave a boss press conference where they announced big strides in handling the crisis as well as standing behind the cruise and airline industries.
Click to expand...

IMO we got a big bounce up today to recoup some losses from a historical day yesterday. I don't see the upward trend continuing and I don't think you missed the bottom. Even if you did you can still get in. Personally I'm waiting as I'm not willing to jump into it with 10% losses one day followed by 8% gains the next. I'll likely keep what I have in the market with a trailing stop on one of my individual stocks I'm way up on. But I'm holding my cash for now. IMO there is no need to react emotionally to 1 bad day or 1 good day. I see too much public fear at this point to support a strong market. People are scared.

Keep in mind I don't really read charts and don't know much about the market. I am just looking from a logical perspective, a historical perspective, and what my risk tolerance is.
 
TheNinja said:
IMO we got a big bounce up today to recoup some losses from a historical day yesterday. I don't see the upward trend continuing and I don't think you missed the bottom. Even if you did you can still get in. Personally I'm waiting as I'm not willing to jump into it with 10% losses one day followed by 8% gains the next. I'll likely keep what I have in the market with a trailing stop on one of my individual stocks I'm way up on. But I'm holding my cash for now. IMO there is no need to react emotionally to 1 bad day or 1 good day. I see too much public fear at this point to support a strong market. People are scared.

Keep in mind I don't really read charts and don't know much about the market. I am just looking from a logical perspective, a historical perspective, and what my risk tolerance is.
Click to expand...


Yeh that's what I'm banking on. I was hoping to jump in at 20k dow and buy all the way down. Tons of stocks are still dirt cheap but the strongest companies made huge gains and are still very expensive from a p/e perspective.

Problem is trumps address was very reassuring that they have everything covered. Individuals get unemployment....businesses bailed out and propped up.

I honestly think this will be done in 2 months. Either it's going to get alot worse and we'll shut everything down.....or it will be manageable and fizzle out early summer. And at anytime they could resolve the oil price war and the market would jump 15%.
 
This is exactly why timing the market is extremely difficult. We can all try to use information we have and hypothesize what may happen, but at the same time it helps to have luck on your side. Who the hell knows what rollercoaster ride we will go through next week.

Probably one of the best approach to take right now is dollar cost averaging. Pick a total amount you want to invest, how many increments you want to buy in, timeframe and go at it. Lets say you have $1 million you want to invest right now. You could buy in $100k increments every week for the next 10 weeks. You could set certain rules that if the dow/sp500/nasdaq drop greater than X% that week you can increase the incremental purchase amount, etc. The hardest part of doing this would be determining the timeframe IMO.
 
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