Kleindienst wrote:Did “the idiot” register that name before you could?
I've never registered the name. So far - strangely by LRC standards - nobody has stolen it yet... :-)
Kleindienst wrote:Did “the idiot” register that name before you could?
I've never registered the name. So far - strangely by LRC standards - nobody has stolen it yet... :-)
Racket,
my colleague walked us through his work with the logistic growth model last night (my time). To me, the beauty is in the simplicity; I don't generally like to fit curves through chaotic data and extrapolate into the future, but the situation demands some understanding of what the future might hold, and this seems a reasonable basis to start. At least a better basis than staring at plots and trying to get a feeling from them...
Daily update from the front... (actually I live very close to the Western Front from WWI). This morning I walked my wife halfway to work again, intending to check the grocery store on the way back for TP, fresh fruit and a few other things to get us through the weekend (when most stores will be closed). Turns out 8-9 is seniors shopping hour; you need to be 65+ to get in before 9. That was a little annoying to discover, but at the same time very comforting.
I hope you are all treating this seriously now, keeping distant from others to avoid getting sick or passing along to others. Stay safe everyone!
Euro markets way up today.
Fake/temporary bounce back or have the Masters of the Universe decided to make a change?
Scary news....Marcus Smart tested positive for Covid-19.
By the way, he has no symptoms and feels fine (does not make the headline)
Giles Corey wrote:
Karz 4 Kidz wrote:
NASDAQ up 2.29%.
Not nearly as solid an indicator as the S+P now is it?
That depends. If you own tech, it is a more solid indicator.
my hope today is again that the bond market finds its footing. Nothing is going to work if bond price discovery and liquidity don't return.
I'm wondering what I'd do if we get a ripping 10% up rally again. Sell?
The big unknown is how long we'll be in minus 15% econ growth. How long will they keep the economy in a free fall? If we get out of our homes soon then it's a buy. If it's another 6-8 weeks it's a sell.
agip wrote:I'm wondering what I'd do if we get a ripping 10% up rally again. Sell?
That's my plan. Orders already placed.
agip,
I have called a good portion of my book. That process should be complete by next Friday. At that point I will have done my duty, and will let chips fall where they may. Take care of yourself.
Igy
agip wrote:
my hope today is again that the bond market finds its footing. Nothing is going to work if bond price discovery and liquidity don't return.
Yeah I mean that's what the Fed and the Treasury is trying to help with right now. I think the biggest thing we need is buy in from large financial institutions.
LQD , the biggest investment quality bond ETF, is up 4% in the premarket.
If it holds, that's great news.
the idiot wrote:
agip wrote:I'm wondering what I'd do if we get a ripping 10% up rally again. Sell?
That's my plan. Orders already placed.
Technically, that is likely, and it will be sold, for the next leg lower.
Here's a great animation of how to change logistic growth.
Idiot, it would be difficult to decide which of our approaches puts the cart before the horse.
I am not buying the rally today—if patterns hold true, this is the relief fally before the next (big) leg down.
Timmy Treadwell wrote:
I made $25,000 today on a $100,000 one day investment in Jack in the Box stock.
Ghost of Igloi wrote:
It is evident you have no clue to what you are doing
Oh, the irony!
Karz 4 Kidz wrote:
Giles Corey wrote:
Not nearly as solid an indicator as the S+P now is it?
That depends. If you own tech, it is a more solid indicator.
Yes. It measures tech, not the general market direction. Which is the point
Irony Mann wrote:
Timmy Treadwell wrote:
I made $25,000 today on a $100,000 one day investment in Jack in the Box stock.
Ghost of Igloi wrote:
It is evident you have no clue to what you are doing
Oh, the irony!
Funny that you have lost your @$$ last several weeks. Hopefully it will shut your smug mouth troll.
Ghost of Igloi wrote:
Irony Mann wrote:
Oh, the irony!
Funny that you have lost your @$$ last several weeks. Hopefully it will shut your smug mouth troll.
I was well positioned for this scenario.
Smug? Oh, the irony!
Ghost of Igloi wrote:
Timmy Treadwell wrote:
I liquidated an account to cash back early in January. Mostly I thought the market was hot and I actually WAS worried about the Coronavirus. I also have a significant amount of cash on hand that I didn't want to invest at the top of the market.
I've identified three stocks that haven't moved much over the last five years, which I consider to be very stable (that is -- they didn't jump significantly in the last year). JACK has generally been a $85-$105 stock for quite some time. Some dips and highs but nothing extraordinary. When a stock like that tanks down to $17/share, it's time to buy. I only wish I had gotten more!
Looking at the quarterly report it appears to be a poorly run company. Accumulating large amounts of stock while incurring large amounts of debt. It is evident you have no clue to what you are doing other than buying a price. From the recent 10Q:
“Repurchases of common stock — The Company repurchased 1.9 million shares of its common stock in the first quarter of fiscal 2020 at an average price of $81.41 per share for an aggregate cost of $153.5 million. As of January 19, 2020, this leaves approximately $122.2 million remaining under share repurchase programs authorized by the Board of Directors, consisting of $22.2 million that expires in November 2020 and $100.0 million that expires in November 2021.”
Bet you they won’t be buying anymore stock as they teeter on insolvency.
I don't read balance sheets or corporate reports. I only buy stocks in things I've experienced or that I like or use myself. If I go to a store and I like it and its busy maybe I watch their stock. Or some service that I use that I think others will like. I was a very early investor in a few good ones -- Amazon, Netflix, because I was an early adopter and used their services. Never read a corporate report.
My problem is that I like to lock in gains and sell. So often I find a good deal, buy in, sell quickly and don't hold. If I'd held my early AMZN or NFLX purchases, I'd be long retired by now. Sold too soon!
I won't buy JACK again unless it goes under $20. Today looks like a rebound, wait for more bad news next week or a bad Trump presser to depress things some more. I doubt we've bottomed out. Bottom should be reached about a week after peak pandemic cases.