Anybody buying on this downturn?

[disneysteve]

It’s actually still slightly below what I paid but had their best day ever yesterday up 41%. And JETS is $4 over my cost basis. So yeah, I’m good with that.

I just realized I was looking at the wrong number. I actually paid $14.54 so I’m actually doing fine on my AAL.

[disneysteve]

That's why I said earlier, most people who try to time the market gets burned. you need to get in early, otherwise, you blink and all of the market gains are already made. Think I said it specifically with JETS as the example.

And people who buy on a regular schedule, every 2 weeks or every month, made out great as they got to pick up more and more shares as prices plummeted and are now seeing the rewards for that dollar cost averaging.

[~bs]

That's why I said earlier, most people who try to time the market gets burned. you need to get in early, otherwise, you blink and all of the market gains are already made. Think I said it specifically with JETS as the example.

[disneysteve]

What downturn? NASDAQ at all time highs right now. Blink and you'll miss it.

Yeah, a lot has changed in the 3-1/2 months since I started the thread.

[corn18]

What downturn? NASDAQ at all time highs right now. Blink and you'll miss it.

[disneysteve]

Anyone with AAL should be happy at the moment.

It’s actually still slightly below what I paid but had their best day ever yesterday up 41%. And JETS is $4 over my cost basis. So yeah, I’m good with that.

[rennigade]

Anyone with AAL should be happy at the moment.

[Jluke]

$5000 to Wellington today

[disneysteve]

I have to check what my average cost basis is on my JETS shares. I know I started buying at $17.30 and the last lot was $12.50, so my basis is probably somewhere around $14 but I'm not positive. I'm still down over $3/share on AAL though. I'm happy to hang onto it for a while until things recover, which they will eventually.

Turns out my cost basis on JETS is $15.11, which isn't looking too bad today with the price up to nearly $19.

[disneysteve]

The market certainly had a good day today. Things reopening and starting to get back to some semblance of normal is good news as is some promising reports on the progress of vaccine trials. Let's hope it holds up.

I have to check what my average cost basis is on my JETS shares. I know I started buying at $17.30 and the last lot was $12.50, so my basis is probably somewhere around $14 but I'm not positive. I'm still down over $3/share on AAL though. I'm happy to hang onto it for a while until things recover, which they will eventually.

[LivingAlmostLarge]

my DH is calling my CCL play risky and crazy. They could be bankrupt. Meh. I figure cruising will come back and that's the line to do it. Expedia lost money on the quarterly earnings and yet they went shooting up. Um, okay. and i'm pretty sure next Q will be really bad.

[Singuy]

I'm still stuck on how the market is skyrocketing and unemployment is still going up at a pretty good clip and I don't see how these unemployed people can afford to keep spending keeping the GDP growing. I know we are in a recession by technically definition of 2Q of negative GDP. growth. But how do they propose that stocks are worth what they are because of earnings? I am a bit confused because I would think with people spending less then earnings would go down? But maybe I'm terribly wrong. I would think losing jobs = spending less. But amazon and everyone else is gangbusters.

But then again WMT, HD, Target, Expedia. That might give us insight more. I mean everyone loves TSLA and I agree it's the car company to beat. But when do people stop buying cars in a recession? Wolfstreet if you ever read says we are in a recession and that car sales are massively down and car loan defaults are up.

Historically stock price bottom the last day before interest rate hits 0%. Then it just goes up from there. The last financial crisis was like this, the currently crisis mirrors the same. There are no other options. Either you look around and pick winners or you lose money monthly to inflation.

When you see the market skyrocketing, you are only seeing stocks that are making revenue regardless of covid skyrocketing. All the other stocks (retail, travel, auto, airlines) are all in the dumps. Money has transitioned away from those stocks into big stay at home stocks and will continue to do so because the world was changing, now it has accelerated this change. I know if I bought CCL when it was at 50 dollars a share, I have yet to recover from my 70% drop even with all these rallies. But my covid resistant portfolio hit an all time high today because everyone should invest toward he future, not the past. Every dividend stocks (aka stock of the past) got absolutely destroyed and have yet to recover.

[LivingAlmostLarge]

I'm still stuck on how the market is skyrocketing and unemployment is still going up at a pretty good clip and I don't see how these unemployed people can afford to keep spending keeping the GDP growing. I know we are in a recession by technically definition of 2Q of negative GDP. growth. But how do they propose that stocks are worth what they are because of earnings? I am a bit confused because I would think with people spending less then earnings would go down? But maybe I'm terribly wrong. I would think losing jobs = spending less. But amazon and everyone else is gangbusters.

But then again WMT, HD, Target, Expedia. That might give us insight more. I mean everyone loves TSLA and I agree it's the car company to beat. But when do people stop buying cars in a recession? Wolfstreet if you ever read says we are in a recession and that car sales are massively down and car loan defaults are up.

[JBinKC]

My recent buys early this week was FVRR as a concept stock for me. I totally see Singuy's logic in owning shares of relative market cap undervalued to peers and with all these people unemployed and time on their hands will spend time doing these gigs to fuel its growth. I really think this stock will be recession resistant. I also bought a small position in GBTC last week before the halving of bitcoin's hash rate this week.

I did most of my buying when the federal reserve started QE4 and already sold some trades that went up large percentages. The oil stock I am focused on is GKP.L which has a great balance sheet $4-5/bbl lifting costs,only1% annual depletion rate. In 2019 paid over 50% of its current market cap in dividends and buybacks.

[LivingAlmostLarge]

I have 1000 shares of jet average price $11. I have 750 shares of HA. I would not mind if tsla dropped again. I only put in 10 shares at $470. I'm in on Fvrr but not a lot 100 shares. I have a lot of VNQ. And I have 200 shares of XOM. I wonder if I should buy more. I swear oil has to go up. Of course I'm the person who got burned badly by oil a long time ago. But I swear oil will eventually go back up. I don't think it can be negative forever. Even though yes people are moving to electric cars there is still a lot of oil needed because the price difference between regular and electric cars is still quite a bit.