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03-05-2020, 08:05 PM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by Justfishin73
Wait till the end of the month, which is also the end of the quarter......
Dow tracking Nikkei, which is down big, should be a bloodbath tomorrow
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Once all the bankruptcies start coming online in the next few weeks things will really start to become obvious.......
https://fortune.com/2020/03/05/coron...nous-cruising/
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03-05-2020, 08:14 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Would love to pick up Air Canada at $25 or less
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Wherever you go, there you are
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03-05-2020, 10:15 PM
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Join Date: Jan 2013
Location: Sylvan Lake/South Calif.
Posts: 3,465
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How low will the Pot go ... maybe a Buck or less?
D.
A year or so ago it was over $16.00
A year ago it was over $72.00
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Z-z
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03-05-2020, 10:25 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,920
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Quote:
Originally Posted by Zip-in-Z
How low will the Pot go ... maybe a Buck or less?
D.
A year or so ago it was over $16.00
A year ago it was over $72.00
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Canopy just lay-off 500 in bc effective immediately... the good times feel are wearing off .
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03-05-2020, 10:29 PM
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Moderator
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Join Date: Feb 2015
Posts: 8,083
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Quote:
Originally Posted by fishtank
Canopy just lay-off 500 in bc effective immediately... the good times feel are wearing off .
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And then I read someone just leased a 20,000ish sq. ft. facility in Blackfalds this week to start a weed plant.
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03-06-2020, 06:22 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Aurora was a helluva ride up. I may have exited a touch early, but great gains.
I could see another 1000 point drop today for the DOW, Nikkei closed down 3% and they're running parallel, they'll throw everything they have at it to hold 25,000, will it hold though......futures dropping fast
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Wherever you go, there you are
Last edited by Justfishin73; 03-06-2020 at 06:31 AM.
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03-06-2020, 08:10 AM
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Join Date: Oct 2009
Posts: 4,858
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I don’t see how there’s not at least a couple month slow at this point.
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“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.” John Stuart Mill
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03-06-2020, 08:25 AM
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Join Date: Jun 2015
Posts: 587
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SpinMaster toycorp dropped 40% yesterday. Also royal Caribbean cruises is down about 50% since Jan
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03-06-2020, 08:36 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 46,535
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As predicted, the markets opened way down. Now to see how they end up over the week.
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Only accurate guns are interesting.
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03-06-2020, 09:42 AM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,915
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Looks like they are ending the week around the same level they started the week.
Much ado about nothing.
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03-06-2020, 05:08 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 6,154
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Quote:
Originally Posted by Justfishin73
Aurora was a helluva ride up. I may have exited a touch early, but great gains.
I could see another 1000 point drop today for the DOW, Nikkei closed down 3% and they're running parallel, they'll throw everything they have at it to hold 25,000, will it hold though......futures dropping fast
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Do you think it will drop another 10%?
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03-06-2020, 05:13 PM
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Join Date: Jun 2011
Posts: 3,722
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Quote:
Originally Posted by Buckhead
Looks like they are ending the week around the same level they started the week.
Much ado about nothing.
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Must have been a quiet week.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-06-2020, 05:30 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,834
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Quote:
Originally Posted by bdub
Must have been a quiet week.
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Now that qualifies as truly hilarious.
All this volatility has been very profitable. Hard to dislike an environment where u can make 10 grand a day risk free without any real work at all.
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03-06-2020, 05:32 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Quote:
Originally Posted by KGB
Do you think it will drop another 10%?
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I do
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Wherever you go, there you are
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03-06-2020, 06:29 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Glion
... Also royal Caribbean cruises is down about 50% since Jan
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Half their market must be young people. What senior will ever take a cruise again?
Last edited by KinAlberta; 03-06-2020 at 06:41 PM.
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03-06-2020, 06:39 PM
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Join Date: Aug 2016
Posts: 1,058
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Could be fake news as I missed most of the news item, but apparently the staff at 2 ATB branches somewhere are going into self-Q
The news then went on to basically ridicule some people recently buying toilet paper at a Costco in Calgary.
So...
If I ever have to suddenly go into self-quarantine, can I take a run to Costco first?
Say if I actually need toilet paper. Who keeps a big stock of toilet paper? :-)
Oh, and can I go to a few drug stores go find those masks that I wasn’t supposed to buy ahead of time - or risk being ridiculed and laughed at per the media going back as far as the SARS outbreak.
BTW, I actually don’t have any of those masks. I’ll be counting on the government’s PPB (Pandemic Preparedness Brigade) to drop off any needed supplies. What’s their number or website address or will that be provided when needed? :-)
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03-06-2020, 07:34 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Quote:
Originally Posted by KinAlberta
Could be fake news as I missed most of the news item, but apparently the staff at 2 ATB branches somewhere are going into self-Q
The news then went on to basically ridicule some people recently buying toilet paper at a Costco in Calgary.
So...
If I ever have to suddenly go into self-quarantine, can I take a run to Costco first?
Say if I actually need toilet paper. Who keeps a big stock of toilet paper? :-)
Oh, and can I go to a few drug stores go find those masks that I wasn’t supposed to buy ahead of time - or risk being ridiculed and laughed at per the media going back as far as the SARS outbreak.
BTW, I actually don’t have any of those masks. I’ll be counting on the government’s PPB (Pandemic Preparedness Brigade) to drop off any needed supplies. What’s their number or website address or will that be provided when needed? :-)
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Wrong thread, this is about the markets. Two other threads on the virus to post this on
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Wherever you go, there you are
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03-06-2020, 08:50 PM
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Join Date: Jun 2011
Posts: 3,722
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Quote:
Originally Posted by Dean2
All this volatility has been very profitable. Hard to dislike an environment where u can make 10 grand a day risk free without any real work at all.
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Risk free. That sounds like one of those shameless plugs for binary option trading or something. Please explain how you get those risk free returns.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-06-2020, 08:56 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 6,154
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Quote:
Originally Posted by Justfishin73
I do
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When do you think it will hit the bottom? What’s the magic number or date?
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03-06-2020, 08:58 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,834
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Quote:
Originally Posted by bdub
Risk free. That sounds like one of those shameless plugs for binary option trading or something. Please explain how you get those risk free returns.
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REALLY badly worded. There is no such thing as risk free. What I was trying to say is that done right and day trading the right stocks, as in cokeacola that you would be happy to hold longterm, it has very limited downside, but you still need to know what you are doing to trade the volatility effectively. Sorry for the poor wording of my earlier post.
Last edited by Dean2; 03-06-2020 at 09:10 PM.
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03-06-2020, 09:36 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,569
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Anybody get in on TP stocks at the start of all this? Money to be made
__________________
Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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03-06-2020, 09:38 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Quote:
Originally Posted by KGB
When do you think it will hit the bottom? What’s the magic number or date?
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My uneducated guess is 22,000-23,000. I think the market was wildly overbought and overinflated. I was waiting for a 20% correction regardless of the virus, which does put a whole new spin on things though.
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Wherever you go, there you are
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03-06-2020, 10:25 PM
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Join Date: May 2007
Location: South West Alberta
Posts: 858
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Still low balling bids on large cap stocks, trying to buy more bank and insurance stocks much cheaper than they are now, I hope.
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03-07-2020, 07:59 AM
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Join Date: Jun 2015
Posts: 587
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Crude is riding rough today.... an interesting one might be goodfood, one of those home delivery meal kit places
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03-07-2020, 09:06 AM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Justfishin73
Wrong thread, this is about the markets. Two other threads on the virus to post this on
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Ahh sorry.
I’ll never get used to the tiny screens. Maybe admin can just delete the post
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03-07-2020, 09:11 AM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Dean2
REALLY badly worded. There is no such thing as risk free. What I was trying to say is that done right and day trading the right stocks, as in cokeacola that you would be happy to hold longterm, it has very limited downside, but you still need to know what you are doing to trade the volatility effectively. Sorry for the poor wording of my earlier post.
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Making bets on not only what others are going to do next but also to what degree. (Agree with such bets to pick up long term positions.)
2012
Quote:
“On recent volatality and long-term investing approach: Volatility makes long-term investing even more attractive. The decline in trading costs, combined with the natural volatility of equities, has lent itself to more of a casino mentality. The more volatile, interestingly enough, a situation is, the more attractive it is for value managers, who are long-term investors, because it creates more opportunities.“
https://www.gurufocus.com/news/18075...sino-mentality
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03-07-2020, 09:27 AM
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Join Date: Jun 2011
Posts: 3,722
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Credit Crisis Starting?
.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
Last edited by bdub; 03-07-2020 at 09:32 AM.
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03-07-2020, 09:33 AM
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Join Date: Jun 2011
Posts: 3,722
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Credit/bonds. Some further indications that this is evolving into a financial crisis are starting to show up in the credit markets. Triple BBB corporate spreads are starting to widen out. A lot of that triple B stuff is sitting on the edge of junk status. US government bond yields have hit insanely low levels. What does this mean if you are holding bonds in your portfolio? Know what you own. A lot of investors/or their advisors may have been stretching for yield in this low rate environment and are holding so called "safe" bonds that are going to get hammered in a crunch. Not all bond funds/etf's carry the same risk so be careful, know what you own and focus on safety here. There are going to be some upsets if this keeps going.
Stocks. The VIX hit the 54 level again this week. That is a huge amount of volatility and is reflected in these multiple +- 3% daily moves in stock markets. The market is telling us they have no idea how this is going to play out. IT is pricing in the chances of another 2008-09 financial crisis type of event. Hopefully the companies you are holding have good balance sheets, and moats around the business, and all that other good stuff. Poor quality companies will get sold off worse than high quality ones but in the end, if it does devolve into a crisis, everything will get sold.
Gold. Golds been hanging in pretty good here. As rates go lower it becomes more attractive as a non yielding asset. The 100$ish selloff right at the end of February is being blamed on things like margin calls/forced selling. Who knows? In hindsight it was a perfect time to add/buy as it has gained it all back in the last week.
It's going to be an interesting couple months coming up as the virus starts infecting and killing large amounts of people in the western world. Be prepared for the possibility of financial chaos like we seen during the GFC. Nobody knows what's going to happen but markets are pricing in a great deal of risk here. Good luck all.
https://www.theglobeandmail.com/inve...n-bond-yields/
https://fred.stlouisfed.org/series/BAMLC0A4CBBB
https://www.bloomberg.com/news/artic...dicator-surges
https://finance.yahoo.com/news/treas...010935273.html
https://finance.yahoo.com/news/credi...172026613.html
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-08-2020, 06:14 PM
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Join Date: Jul 2017
Posts: 4,099
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With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.
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03-08-2020, 07:07 PM
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Join Date: Jun 2011
Posts: 3,722
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I wonder if we will see futures halted on the US main indexes before the start of regular trading tomorrow.
Sent from my iPhone using Tapatalk
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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