OT - Stock Market is crashing
- Thread starter Babybull244
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Roman numeral for 1000, both are used and just depends on your background i would guess. As a supply chain professional, nobody in my industry uses k as 1000.
FWIW there's great money to be made right now for non-day traders/swing traders like myself just based off of the VWAP and leveraged ETFs of the indices...
I buried all my money in a hole in the back yard and now I can't find the spot where I buried it!
I agree with you but CMG isn't a type of stock I trade in. Too high beta for me. Netflix, Amazon and stuff like that I steer clear. They have had great runs but they also have great falls so too volatile for my wheelhouse. You know the e-coli scares have hit CMG hard but I don't follow it enough to know if it's cheap now or not. The farthest out on the risk curve I venture is a NKE, UA, SBUX, CELG, GILD, AMGN, DIS, COST, V, MA, etc..Some are little more high beta than others but I like those type of companies and their general fundamentals. I'm not in any of them now but if the market goes down more I may venture back in eventually. Like I said IMO knowing your own psychology of what you can and can't handle is important for trading/investing. I know my comfort levels and I stay within them.
So in your estimates your saying it's going to drop roughly 3000 more points. If that's the case then we better get ready for a mini recession because people will begin to panic once again. The Fed will look like idiots for moderately raising interest rates so soon. I truly hope your estimates are grossly inaccurate. If not it's time for the American public to feel the pain again after such a short time.
I agree... I look at CMG as a great brand with plenty of room to expand and grow in the future. If not for the food safety scare, would the price be tanking this much? No. So people panicked and sold (and rightfully so) but when i bought it at 409 per share, im seeing it as a great bargain for a 1.5 year investment and see this thing come back up to 600 per share. It will take some time to lap the bad financials, but it will happen. Almost every major food chain has had some food safety issues and they all have recovered, it just takes some time.
Now CMG is up to 475 a few short days later, so i'm really happy but i think it will still bounce around under 500 for the next 6 months before it hopefully clears that hurdle and moves towards 600.
Thats my feeling on this thing, i'd still reco people to go long on CMG at this price but its got less upside now at 475 vs 410 that could be had early last week.
$200M =$ 200,000
$2MM = $2 million
again i come from supply chain background, so we talk about numbers a lot, whether it be in financial reports, or getting bids and pricing which is where it comes in handy. I'm sure other professions see it differently, and if you are strictly in financial you might shy away from the M and MM and just use K.
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Thanks for the reply; I took 4 years of Latin and 3 years of Greek in HS,
so I like your professions use of the roman numerals, but if I used M that way
on the trading desks I think my boss might fire me, and he is a Rutgers engineering
major! All good.
Nice catch there. Took a quick look at a chart and it looks like it had some support in the high 300s low 400s right around where you got it. I think there could be some resistance in this high 400 low 500 level like you said.
I think YUM had a scare in China too with their chicken but they bounced back. Actually news from China always seems to yo-yo that stock around. In the food space MCD is one I've been in the past and have considered YUM but have never bought it. When MCD was down in the 80s about a year ago or so I got in when everyone was talking down about it and their last CEO was not doing so well. My kind of brand name with a very solid dividend and in the end it paid off and I sold it in the mid 90s. It's really gone on a tear since up to 120 but now at 115. Frankly, I can't tell you anything they've done different besides all day breakfast. Has the new CEO done anything significant beyond that? Not that I've noticed. But when everyone talks crap about something I might consider a quality name that's when my radar perks up and I'll do a little research and see if it's worthwhile. CMG too volatile for me but I agree with your strategy in the sense that if that's how you feel about the quality of the name, then when everyone is down on it that's the time to take a look and see if it's worthwhile.
Last thought before I get ready for the NFL playoffs, but unless you have at least $3 million in the market, the stats say
you are better off investing in Vanguard index funds or ETFs than compiling your own portfolio of 5 or 6 stocks. But I
understand completely if part of the individual stock-picking is for fun, and in small amounts.
you are better off investing in Vanguard index funds or ETFs than compiling your own portfolio of 5 or 6 stocks. But I
understand completely if part of the individual stock-picking is for fun, and in small amounts.
Yeah its interesting how there could be 2 major camps.
Yeah, totally agree. Its on every individual to judge the risk/reward, and the biggest risks usually have the biggest rewards. Many factors to try and handicap.
Since you mentioned YUM, id take a look at it again. They're spinning the china business off and will treat it as a franchisee essentially but separate entity. The main driver on yum will be Taco Bell, and with KFC doing a turn around it should be a good time to go long on them.
i think it depends on the individual, if you are clueless, then stay away. If you are in tune you can do better.
Agreed! I have a day job as an engineer but have been able to make a really good amount of money on swing trades...but yea most people get into trading so quickly that they dont do enough research and then lose a decent amount and quit
yup, i would say the best piece of advice i ever received is not to invest in things you don't understand.
Yup agree with the risk/reward but I'm too "chicken" (pun intended) haha.
I'll take a look at YUM again and see. That is more my kind of name then CMG. Wasn't there a bird flu outbreak in that midwest a day or two ago? I wonder if that would might have any material effect on their costs (KFC) should it spread.
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Baby Bull - Your the first person on these boards who follow some of the same people I do. A few other great people to follow are Bill Holter, Jim Sinclair, Greg Hunter, SGT and Zero Hedge. Of course if you add the views up of all of these people you'll be lucky to get 500,000 views.
Meaning that very few people either believe or want to believe that our whole economic system is in deep trouble. And that is understandable, Who really wants to contemplate monetary disaster so I get it. But if you look at the fundamentals (the actual ones) not what the government is telling us, things are certainly pointing in that direction.
The problem with these guys is that despite their knowledge they can't answer the number one question which is when? Most of those guys predicted September/October and then they all said December.
I believe the system is going to collapse but will it collapse next week or three years from now? Nobody knows.
But like a family that has ten times the debt than income, it is a mathematical certainty. This doesn't mean there aren't great stock buying opportunities because there are. But you better be good and know what you are doing. Personally, outside of my 401K I'm out of the market as I would rather be a month early than a day late.
Meaning that very few people either believe or want to believe that our whole economic system is in deep trouble. And that is understandable, Who really wants to contemplate monetary disaster so I get it. But if you look at the fundamentals (the actual ones) not what the government is telling us, things are certainly pointing in that direction.
The problem with these guys is that despite their knowledge they can't answer the number one question which is when? Most of those guys predicted September/October and then they all said December.
I believe the system is going to collapse but will it collapse next week or three years from now? Nobody knows.
But like a family that has ten times the debt than income, it is a mathematical certainty. This doesn't mean there aren't great stock buying opportunities because there are. But you better be good and know what you are doing. Personally, outside of my 401K I'm out of the market as I would rather be a month early than a day late.
Markets have been going up and down for centuries yet every time a market goes down people act like Armageddon is at hand. This is why the stock market has a (sad) adage: the big guy gets in when the little guy gets out. As soon as the market goes down middle class investors bail out in panic, sell on the cheap to the big guy who then hangs on for a while until the investment comes back. The big guy winds up getting the best gains every time because of it and the little guy has voluntarily handed those gains over to him.
You're right. For things like distribution and impressions though, not dollars, right?
Wow. Do you have a bunker site picked out? You actually believe a falling market equates to impending doom? I guess that's what makes a market.. all kinds of views, inc extremely fanatical ones as well.
Honestly, it's been quite a few years but I think we used it for both. The accounts I used to work on we're quite large, so i'm particularly famiar with mm.
Ok - you like CNBC?
Richard Fisher a voting Governor at the Federal Reserve Bank - indicates the Market is rigged - was front loaded!
Peace out
Richard Fisher a voting Governor at the Federal Reserve Bank - indicates the Market is rigged - was front loaded!
Peace out
Yah - i dont know if they are trying to delete Fishers comments off Youtube - but hope your wearing your bathing suit as he says cause your going to get your ass kicked by the Elites .
Well hopefully you guys lock yourself down there for good thinking/hoping the apocalypse is near. There are meds for paranoia.
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