Anybody buying on this downturn?

**rennigade** · 02-25-2020, 08:40 AM

I thought about it, but I will probably wait till friday or the 1st. I put in $1k/month. So even at a 4-5% discount, its not that much. If I were thinking about moving in $50k...id probably get in a few days early. And who knows...it may be down a couple more percent by the end of the week. or it may be up a little.

**bjl584** · 02-25-2020, 08:45 AM

It's getting tempting, but I haven't really done enough research on any individual stocks to know what is a good buy at this point.

**cypher1** · 02-25-2020, 08:55 AM

Last night I put in an exchange of small cap value funds (felt i had too much for agressiveness, and they weren't making anything since I bought) for international funds for rebalance. I plan to slowly do small transactions throughout this year for those two.

**Jluke** · 02-25-2020, 09:22 AM

10 shares of VTI on 24-Feb (164.43)

limit order 10 shares of VTI at 160 pending

**Mjenn** · 02-25-2020, 09:34 AM

Our local port is seeing a steep 50% drop in incoming shipments already and that will impact pretty heavily Our local industry and infrastructure. A lot of parts, vehicles, electronics from China that aren’t turning up. I’m inclined to wait a bit as I think this will have a big impact before Recovery happens as I think our port is probably the norm not the exception.

**TexasHusker** · 02-25-2020, 10:26 AM

It’s not really a correction until you see a 10% drop That’s ~3000 points. As long as this bull has run, a 6-7000 point drop should be expected. Nothing goes straight up, but this bull is about as close as it gets.

**Like2Plan** · 02-25-2020, 02:49 PM

I was thinking about buying another DIS share (tomorrow) and I just noticed that Bob Iger stepped down as CEO effective immediately. I didn't see that one coming....

**kork13** · 02-25-2020, 02:55 PM

Wrong timing. I'm currently stockpiling cash, and easily have $100k+ that I could drop into the market tomorrow.... But that money is set aside for our next house downpayment in Apr/May, so I think that'd probably be a poor choice.

Besides, that much of a sudden private purchase would probably cause the robots to buy again and modulate the dip, and I wouldn't want to ruin the fun for you guys.

But as is, I only have ~$250 in free cash in my brokerage account. I could buy another share of BRK.B, but probably won't bother with that right now. We're not remotely in "really bad day" territory, so I'm happy to sit on the sidelines and let it ride. I do have my standard twice-monthly ~$1000 going into retirement, so I'll happily have that go in if the downbeat holds until the 1st. But otherwise, I'm not messing with any immediate buys right now.

**kork13** · 02-25-2020, 03:10 PM

Actually, reconsidering... I'll put in a limit order for the BRK.B share at a deep discount. If the dip continues (significantly... like, 10% territory), I may as well snap up the cheap share, albeit just one. Why not?

**disneysteve** · 02-25-2020, 03:13 PM

Originally posted by TexasHusker View Post

It’s not really a correction until you see a 10% drop

That's true, but do you think this is the straw that breaks the bull's back? A global epidemic causing a widespread drop in economic activity certainly could be what triggers the next recession. We're already seeing the short term impact with businesses shut down, travel slowing significantly, manufacturing activity coming to a halt, and more. If that drags on, who knows what effect that will have.

Or will it just be a blip and the markets get back on their feet quickly? It sure would be nice to have that crystal ball. I've got plenty of cash free that I could invest if I knew the answers to those questions.

**disneysteve** · 02-25-2020, 03:17 PM

Originally posted by Like2Plan View Post

I was thinking about buying another DIS share (tomorrow) and I just noticed that Bob Iger stepped down as CEO effective immediately. I didn't see that one coming....

The appointment of Chapek as CEO is an utter disaster in the eyes of fans but it could well be a positive to shareholders, at least in the short term. Chapek is ruthless at cutting costs and maximizing profit. Unfortunately, he does it at the expense of the guest experience. If he can manage to make broad cuts, beyond what he's already done as head of parks and resorts, without resulting in a backlash and drop in attendance and guest spending, the stock should do well for a while.

**kork13** · 02-25-2020, 03:21 PM

Originally posted by disneysteve View Post

That's true, but do you think this is the straw that breaks the bull's back? A global epidemic causing a widespread drop in economic activity certainly could be what triggers the next recession. We're already seeing the short term impact with businesses shut down, travel slowing significantly, manufacturing activity coming to a halt, and more. If that drags on, who knows what effect that will have.

Or will it just be a blip and the markets get back on their feet quickly? It sure would be nice to have that crystal ball. I've got plenty of cash free that I could invest if I knew the answers to those questions.

I've been wondering for a while what it would be that tipped the market downward. If it continues, if Chinese industry remains locked up, and especially if any of those measures spill over into the supply chains from Korea or Japan, that could certainly be enough to trigger at least a couple of down quarters. We'll just have to see how the dominoes fall.

**Like2Plan** · 02-25-2020, 03:37 PM

Originally posted by disneysteve View Post

The appointment of Chapek as CEO is an utter disaster in the eyes of fans but it could well be a positive to shareholders, at least in the short term. Chapek is ruthless at cutting costs and maximizing profit. Unfortunately, he does it at the expense of the guest experience. If he can manage to make broad cuts, beyond what he's already done as head of parks and resorts, without resulting in a backlash and drop in attendance and guest spending, the stock should do well for a while.

I suppose this is one of the reasons I buy Disney stock. I don't like those kind of changes as a guest--but, I don't mind them as much as a shareholder.

. Are you going to the shareholder meeting in Raleigh NC?

**disneysteve** · 02-25-2020, 03:44 PM

Originally posted by Like2Plan View Post

I suppose this is one of the reasons I buy Disney stock. I don't like those kind of changes as a guest--but, I don't mind them as much as a shareholder.

. Are you going to the shareholder meeting in Raleigh NC?

No, I'm not. I've never been to one. I'd like to go someday.

Here's the problem, though. At some point, screwing the guest to eke out another dollar of profit will crash the system. I already know quite a few people who have been long time Disney World visitors, going 2 or 3 times per year, who have now reluctantly bowed out and have no immediate plans to return anytime soon. Last year guest attendance was down but revenue was up thanks to higher prices, but that formula only works for so long.

Personally, when I was planning our last visit back in August, I opted not to buy all 3 of us Annual Passes because it simply wasn't worth it anymore even though we've had them for several years. I did buy one AP for myself which still wasn't worth it but it came with a convenience factor of including parking, park photos, and a few discounts. Ironically, 3 days after I bought my AP, they hiked the price again. Had I waited, I would not have bought even the one AP at the new price so when mine expires, I won't be replacing it. We also have no trip planned which is very unusual for us, having gone at least once and often twice a year for the past 25-ish years.

Anybody buying on this downturn?