Anybody buying on this downturn?

[disneysteve]

I've got one more open order for 100 shares at $12.75.

And that one's done, too.

Okay, I think I'm out for now. Time to step away from the computer and phone for a bit. No more pending orders.

[Like2Plan]

Those executed this morning at $88, 5% below my $92 limit price.

Technical question: How do you do that? Is that a stop limit order?

[Like2Plan]

I put a limit order to buy 4 more shares of DIS at $85.00 first thing this morning which executed. (It is currently trading in the 82-ish range. )

[disneysteve]

Although Buffett says to be greedy when others are fearful, I'm actively trying to decide HOW greedy I can/want to be. Trying to restrain my purchases to prevent getting TOO deep into everything all at once, but... man.... it's really tempting....

I'm in the exact same place. I guarantee there will be fortunes made in the coming years as a result of buying decisions made this week.

[kork13]

You're in on that one, too. Didn't last long.

I've got one more open order for 100 shares at $12.75.

Yikes. That I am... No way I expected it to go so fast... JETS was ~$17.50 when I put all of those in -- 25% drop in just 3 days of trading! This downward spiral is going too fast for me to keep up! I've gotta decide if I'm adding another order, or let those ones sit & ride...

Where is all the madness gonna stop? It's gotta hit a floor at some point, but the panic just keeps rolling. Although Buffett says to be greedy when others are fearful, I'm actively trying to decide HOW greedy I can/want to be. Trying to restrain my purchases to prevent getting TOO deep into everything all at once, but... man.... it's really tempting....


ETA: I added another order for 20sh @ $12, nearly 10% further down. Hopefully that one survives at least through the end of this week!

[disneysteve]

I've got another order in for 20sh more around around $13, we'll see how long that lasts...

You're in on that one, too. Didn't last long.

I've got one more open order for 100 shares at $12.75.

[kork13]

Got 100 more at $13.91.

I've got another order in for 20sh more around around $13, we'll see how long that lasts...

[disneysteve]

Likewise... I had 20sh execute at $14.91, and another 50sh buy at $14... And when I setup that second order over the weekend, I was expecting it would sit there for a while!.

Got 100 more at $13.91.

[kork13]

My limit order for 100 sh of JETS triggered at opening this morning. I hadn't been expecting that. I bought at $14.70 and it's lost another 50 cents since then.

Likewise... I had 20sh execute at $14.91, and another 50sh buy at $14... And when I setup that second order over the weekend, I was expecting it would sit there for a while!

I also bought 1sh of Disney in each of my boys' UTMA accounts. Those executed this morning at $88, 5% below my $92 limit price. Those were just for the fun of them owning a slice of Mickey Mouse... Perhaps I'll pick up a few shares for myself.

I still have a bunch of outstanding orders, so I think I'll wait for most/all of them to execute before I launch another round of purchases. But at the rate we're going, that probably be by end of week. ~$13k currently invested in this downturn, another $1k ordered, and at least $2k more set aside for it. I'm the next week or two I should get ~$38k in 6 months of unpaid per diem, so I'll be able to put a large portion of that aside for continuing to progressively but the downturn.

[disneysteve]

My limit order for 100 sh of JETS triggered at opening this morning. I hadn't been expecting that. I bought at $14.70 and it's lost another 50 cents since then.

It's getting really tempting to just throw a bunch of cash into an S&P 500 fund or Total Stock Market fund and then stop watching.

[rennigade]

Hindsight is 20/20. Would you really have sold out in February? Were you thinking about it? Why not in early Feb or late Jan? The market has been climbing almost nonstop for 10 years now. I guarantee you there are millions who sold out at various points over that time thinking it couldn't go any higher.

This. Coulda shoulda woulda. Around 3,650 days, sort of hard to time it perfect.

[Nutria]

Hindsight is 20/20. Would you really have sold out in February? Were you thinking about it? Why not in early Feb or late Jan? The market has been climbing almost nonstop for 10 years now. I guarantee you there are millions who sold out at various points over that time thinking it couldn't go any higher.

I was watching the market volatility. Even now, it's down one day, and up the next (though farther down than up).

[disneysteve]

If I hadn't had "buy and hold for the long term", maybe I'd have followed the "sell high, buy low" dictum and sold in late February.

Hindsight is 20/20. Would you really have sold out in February? Were you thinking about it? Why not in early Feb or late Jan? The market has been climbing almost nonstop for 10 years now. I guarantee you there are millions who sold out at various points over that time thinking it couldn't go any higher.

[Nutria]

A bear market is the real test for your asset allocation and risk tolerance. It's easy to say, in theory, that you'd be okay with a 20 or 30 or 40% drop - until it actually happens and you find you're freaking out and lying awake all night convinced the world is ending. If that's the case and you need to pull back and reduce your stock exposure, go right ahead. You're not wrong.

This binary world view ("it'll recover before I retire" vs. "the world is ending") is very distressing. It ignores all sorts of other attitudes, like "sell high and buy low".

If I hadn't had "buy and hold for the long term", maybe I'd have followed the "sell high, buy low" dictum and sold in late February.

[greenskeeper]

I was just looking at some current numbers. Just over a week ago, I made a watch list of a few stocks.

CCL was $27.15 down from $44.06 a month earlier. Today it is $12.98
RCL was $49.12 down from $117.23 a month earlier. Today it is $27.70

I'm glad I didn't buy then. Those drops are outrageous. Where's the bottom?

Moved $10k into our brokerage account....looking hard at airlines and cruise companies but don't think we're at the bottom until the number of new daily corona cases level out.

If I play this right my mortgage might be paid off sooner than expected because any profit will be put towards the principal.