stock market was up today...

#8,601
#8,601
Velo Vol said:
It's all about this.



Nope. Just sitting on the sidelines, watching the show.
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Are you enjoying it? Rooting for a downturn (because orange man bad) is not a good look. Why don't you put some shorts on the table and make a few dollars? Probably not too late.
 
#8,604
#8,604
1972 Grad said:
Good luck. I was still in the planning stages, and didn't have airline tickets yet. Since my trip is a freebie anyway, except for airfare, I didn't need a refund. My best friend is a good friend of the man that owns the tour business in Germany and Italy. We were going to be driving older Alfa Romeo convertibles through the countryside, and stopping to visit different sites.
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Do they come with a mechanic or a tow truck?
 
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#8,609
#8,609
85SugarVol said:
So we’re down what, about 7% over the last few days?

I think I’d rather see it drop another 5 points or so, go ahead and get this long due correction out of the way...
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A lot of people saying that. What if the US does indeed go full containment -- schools closed, concerts and events cancelled?

giphy.gif
 
#8,610
#8,610
85SugarVol said:
So we’re down what, about 7% over the last few days?

I think I’d rather see it drop another 5 points or so, go ahead and get this long due correction out of the way...
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We’re getting close to the point last fall where I locked in some gains and parked a big chunk of money. If it gets below that I’m going Texas Holdem All In. Easy chance at some short term profits. Because if it doesn’t go back up we’re all screwed anyway 🤷‍♂️ Ala LG video just above.
 
#8,613
#8,613
VolStrom said:
Do they come with a mechanic or a tow truck?
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The owner of the tours has full time mechanics for the Alfa, Mercedes, and VW convertibles in 3 different locations, that keep up the fleet. I think he has about 75-80 cars. He also said that he has more troubles with Alfa, but he claims that it's mostly because the work ethic of his Italian mechanics is poor, compared to his German mechanics. The Alfas are kept in Italy, and the Mercedes and VW in Germany.
 
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#8,615
#8,615
1972 Grad said:
The owner of the tours has full time mechanics for the Alfa, Mercedes, and VW convertibles in 3 different locations, that keep up the fleet. I think he has about 75-80 cars. He also said that he has more troubles with Alfa, but he claims that it's mostly because the work ethic of his Italian mechanics is poor, compared to his German mechanics. The Alfas are kept in Italy, and the Mercedes and VW in Germany.
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From what I've seen and heard the Alpha's have the reliability of lower end Yugo's.
 
#8,616
#8,616
What’s the general consensus on today? Dead cat bounce? I personally think it’s gonna drop more and hit official correction status which will trigger even more sell orders. That’s my point on planning to buy currently, when it hits official correction status. What say ye all?
 
#8,617
#8,617
NorthDallas40 said:
What’s the general consensus on today? Dead cat bounce? I personally think it’s gonna drop more and hit official correction status which will trigger even more sell orders. That’s my point on planning to buy currently, when it hits official correction status. What say ye all?
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I don't have the data to back up the opinion, but it seems like pullbacks greater than 5% often become 10% or 15% pullbacks.
 
#8,618
#8,618
Thunder Good-Oil said:
I don't have the data to back up the opinion, but it seems like pullbacks greater than 5% often become 10% or 15% pullbacks.
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We may have to go through our own "Italy moment" like they did a few days ago to clear it out for a bottom. Any sudden new reports of case increases in the US, followed by people running to the store like a snow day and cancellation of some events, etc. That's IF they have it controlled.
 
#8,622
#8,622
Conflate much using the absolute numbers game? Black Monday from 1929 laughs out loud at your lunacy.

On an actual relevant note we hit an institutional buy signal around 3000 in the SnP500 as it immediately jumped back up. Clearly automated buy triggers were hit.

I’m getting ready on my All In buy 💵
 
#8,623
#8,623
NorthDallas40 said:
Conflate much using the absolute numbers game? Black Monday from 1929 laughs out loud at your lunacy.

On an actual relevant note we hit an institutional buy signal around 3000 in the SnP500 as it immediately jumped back up. Clearly automated buy triggers were hit.

I’m getting ready on my All In buy 💵
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What do you mean by your "all in buy", are you sitting on money now?
 
#8,624
#8,624
With so much of this algorithm driven computer trading it seems the drops and climbs are much steeper than they used to be. That being said this seems like overreacting sentiment, as these fears peter out and supply lines get back online this should rebound easily.
 
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