Tips for surviving a correction

[EricL]

(03-12-2020, 12:56 PM)fenders53 Wrote:

(03-12-2020, 12:36 PM)divmenow Wrote: added to MO, ABBV, UPS, GD. Some 50 shares and some as little as 10 shares lol

If you own FUN it sure hasn't been FUN LOL. If it goes under $20 I may actually buy it. I sold it earlier this year at $58

Write 100 of the best stock names on a piece of paper and place them in a hat. Then pick out 5. Those are the ones you buy lol. Mine as well

BTW It says I'm a 'Posting Freak" Love the title and 5 stars haha

Git you some FUN lol.  I got a smoking deal on some shares today, and yesterday, and a couple times last week lol.  I am near a full position and trying to go too crazy.  (it used to be a full position anyway).  The far price drop is incredible.  I'm not suggesting  anyone should take Gramma there for Memorial Day, but Cedar Fair will be OK.  They could cut the DIV by 2/3rds and it would still be a deal right now IMO.  It won't stay down here until the all clear is common knowledge.

(03-13-2020, 10:17 AM)Kerim Wrote:

(03-13-2020, 10:07 AM)divmenow Wrote:

(03-13-2020, 10:02 AM)fenders53 Wrote:

(03-13-2020, 05:37 AM)divmenow Wrote: At least a bit of good news...

New virus cases in China have slowed to single digits, and all 42 Apple AAPL stores there have reopened.

That is good news, and all things being equal it probably puts an approximate time range on what we will deal with here.

Agree. You would hope no more than 90 days. But you can’t put a time on it. No one can predict that lol. But what I do know with all the sport’s being canceled and flights that going to put us in a lot trouble going forward. I just read Brazil President Jair Bolsonaro tests positive for coronavirus. That’s not good either. 

Yeah, except we seem to be bungling the national response here terribly so far, which could mean we're hit harder and longer...

That and the fact we live in a free society rather than a communist controlled one. China locked down 300 million people, barricading roads, forcing businesses to close, and outlawing people from leaving their houses.

We've cancelled a few sporting and conference events and asked people to wash their hands more often...