Boiler Room: The Official Stock Market Discussion
If I buy Boeing it'll be on the way back up. That company is in deep shyt and I bet they cut that dividend. They basically just maxed out their credit line.
I can't agree with this. As the market goes down I will continue to slowly purchase shares. I'll average down as the decline continues. We just won't know when we've hit the bottom so there's no point in being completely greedy. A company like Facebook at these levels is a great deal. Disney is a great deal. There's no point in obsessing over getting the lowers price possible with these prices being great.
LeVraiPapi
Redemption is Coming
Any way I told yall about INO and the other stocks. Everyone was looking at me funny.
LeVraiPapi
Redemption is Coming
This makes 0 sense. Breh, it's not like you gonna buy 10k shares. You will lose a lot more before you get a W. So So Boeing is now in the 160s, what sense would it make to buy at 175 ? I buy on the way back up. Anyway that's your money big man
Its called Dollar Cost Averaging
Warren Buffet and Benjamin Grahan think it makes sense so...
LeVraiPapi
Redemption is Coming
I agree 1000%. You still eating regardless, no need to be greedy for a few extra points.
1:15 to 4:30 He goes into why you don't wait for things to get worse and he's right. The market will probably begin to recover before the news cycle matches what it's doing. You don't spend all your money at once you buy in drip feed.
LeVraiPapi
Redemption is Coming
Hope you got it bro.
LeVraiPapi
Redemption is Coming
nah man. You do not know the bottom yet. You buy on the way b ack up bro
The truth is there isn't a right or wrong answer for how to handle the market right now. All of the technicals signaled a pullback in 2020 but this is far beyond a technical, it's biological and affects how the globe moves so it's uncharted territory for everybody. It's not a business issue so it's harder to chart.
All comes down to what you feel comfortable with and your risk levels. If you can handle deep drops on position then slowly add, for a lot it's probably best to wait until we reach a floor. Problem with that is support can quickly become resistance like you see with Boeing etc and there's no telling how long this will last or its true effects. We're still weeks behind from what a superpower is supposed to be and it's projected we'll be closer to Italy than S Korea.
Only thing you can do is be smart. Those of you cising penny shyt stocks need to understand that they're volatile on good days. I got told options was gambling a few days ago, nah this is gambling. There's a reason the well off don't even bother with them, just want people to know the danger of some of the optimistic shyt said in here.
All comes down to what you feel comfortable with and your risk levels. If you can handle deep drops on position then slowly add, for a lot it's probably best to wait until we reach a floor. Problem with that is support can quickly become resistance like you see with Boeing etc and there's no telling how long this will last or its true effects. We're still weeks behind from what a superpower is supposed to be and it's projected we'll be closer to Italy than S Korea.
Only thing you can do is be smart. Those of you cising penny shyt stocks need to understand that they're volatile on good days. I got told options was gambling a few days ago, nah this is gambling. There's a reason the well off don't even bother with them, just want people to know the danger of some of the optimistic shyt said in here.