The Speculative Stocks....

[fenders53]

(03-09-2020, 11:34 AM)Otter Wrote:

(03-09-2020, 10:57 AM)fenders53 Wrote:

(03-09-2020, 09:37 AM)Otter Wrote: Still sitting on Puts.

Of course you are, and you called it right.  Got anything that might be helpful to your fellow long-term investors on a DGI forum?

Buy quality names with clean balance sheets when there is a multi-week uptrend or flat action. Not like it is going to bounce back to all-time highs overnight. You might miss out on the first few percentage points of an uptrend, but at least you won't be trying to catch a falling knife. 

There's dollar cost averaging, and there's picking up pennies in front of a bulldozer. I think there is a bulldozer on the loose. Don't recall bond or oil price action like that even in 2009. 

I fully intend to go long again, but don't think we are anywhere close yet. Still not officially a bear market.Mostly s

Mostly smells like market timing to me .  Be a little humble when your Lotto ticket works out.  It won't work out every time if you do it often enough.  I try to time the market too in moderation but I don't recommend it for younger investors because you'll get it wrong as often as you get it right.  But always have some cash for months like this.  Grabbing qualiity shares now is not picking up pennies in front of a bulldozer.  Emphasis on QUALITY.  If you pick the bottom perfectly then good for you.  I saved a ton of cash for this moment and that worked out too.  Plenty of ways to survive the downturns.  Do you still have a 100 stock port or did you sell it?  There are plenty of stocks trading at a price that will look more than good soon enough, maybe even this week? We can't know.