Quote:

---

This week, the sleepy video-game retailer GameStop went on the ride of its life. The company’s stock rocketed from about $40 to almost $400 in a matter of days, minting day-trader millionaires and extinguishing billions of dollars of bets against the firm placed by institutional investors. Then, this morning, GameStop trading was restricted on the Robinhood platform, where more than half of all users hold shares in the company. The stock lost three-quarters of its value in 85 minutes, plunging from nearly $500 at 10 a.m. to $120 at 11:25 a.m.

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
Did you all follow my advice and NOT buy GameStop?

Good.

https://www.msn.com/en-us/news/opinion/why-is-everybody-obsessed-with-
gamestop/ar-BB1dbhwp

Quote:

---

This week, the sleepy video-game retailer GameStop went on the ride of its life. The company’s stock rocketed from about $40 to almost $400 in a matter of days, minting day-trader millionaires and extinguishing billions of dollars of bets against the firm placed by institutional investors. Then, this morning, GameStop trading was restricted on the Robinhood platform, where more than half of all users hold shares in the company. The stock lost three-quarters of its value in 85 minutes, plunging from nearly $500 at 10 a.m. to $120 at 11:25 a.m.

---

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
Oh... and $120 is NOT a bargain either. Do not buy it now.

---

Quote:

---

Originally posted by second:
Warren Buffett's favorite indicator hints that stocks are significantly overvalued

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Quote:

---

Originally posted by second:
Warren Buffett's favorite indicator hints that stocks are significantly overvalued

---

No shit, huh?

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
Cool dude. Keep adding to that white male guilt pile of yours.

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:
Cool dude. Keep adding to that white male guilt pile of yours.

---

The people who should feel guilty are the ones selling their stock to me during a market crash and then realizing years too late that they should have held on to the stock. But in the brutal yet simple reality of American Capitalism, weaklings, cowards and chickens run when frightened. Because of that, they will never be rich. People with the brains and courage of a chicken don't understand Capitalism as practiced in America.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Dow closed 10 Mar at 32,297.
11 Mar 32,495
12 Mar 32,778

15 Mar 32,953
16 Mar 32,825
17 Mar 33,015
18 Mar 32,862
19 Mar 32,627

22 Mar 32,731
23 Mar 32,423
24 Mar 32,420
25 Mar 32,619
26 Mar 33,072

29 Mar 33,171
30 Mar 33,066
31 Mar 32,981

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
Heh...

I can't blame you. I'm sure it's quite depressing.

---

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by 6IXSTRINGJACK:
Heh...

I can't blame you. I'm sure it's quite depressing.

---

No. I find it interesting.
But I'm just too busy with many things. Several threads I have not kept up with.

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Selling during that bounce would have been a loss of about 9% from the All-Time Record High, but the 3,700 drop since then is another 10% of loss.
Because the Bear Market is now, it is still best to sell before it drops too much more. The expected drop would be another 10% to 50%, or 30% to 70% off the Record High. Then buy back in at the lower price. Buy low, sell high.

True to form, I just saw on Fake News that self-proclaimed "Financial experts" are chanting "don't sell, don't sell" just like they did for the entire year of 2008 as the Rock-The-Vote Recession kept dropping.
Oh, and they are chanting "YOU CANT TIME THE MARKET, YOU CANT TIME THE MARKET"
hahahahahahaha.....

---

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by Jongsstraw:
i sold a bunch of stocks back in March. The Dow had just gone from 30,000 to 18,000 in less than two weeks. Days later I was feeling pretty good about the decision I made to take a reasonable loss and stop what could have been a catastrophic loss. But as the Markets have since FULLY rebounded in only eight months I find myself realizing I panicked and did the wrong thing in March by selling. Oh well, sometimes you guess wrong. And to top it off with a cherry on top, CD rates have recently crashed, so there's almost no place left that's safe to earn any sort of substantial interest. May 2021 will mark 10 years since I retired. It's truly been wonderful not working, just enjoying living, although this year of the pandemic has kinda sucked.

---

This makes me sad.

On 17 March my state went into Lockdown, and I was unable to post here.

If I had been able to post here, I wanted to post a reminder of the obvious Gift Horse Buying Opportunity with the Dow drop. Although I was unable to do so, I hoped that the numerous times previously that I had posted the same thing for those who had read the other thread.
Now I am proven wrong, and my posting the same thing repeatedly in the past did not sink in.

Can you tell us why you wanted to sell at the lowest price? Your input could help others understand in the future.
It sounds like you liquidated your stocks, not just switching to a different stock. Did you keep the money within the Tax-Deferred/protected environment, or pay the penalties?

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Recently heard about some China Stimulus Package which bumped some stocks up briefly, but now some say the recession will resume, as it was before being interrupted. N ot sure if that was all true, but posting it for future reference.

Anyhow, some further data points I was able to collect:
Dow.
36,799 All-Time Record High Close on 4 Jan 2022.
90% = 33,119. 85% = 31,279. 80% = 29,439.
34,160 27 Jan 92.8%
32,632 8 Mar low 88.7
35,294 29 Mar peak 95.9
35,160 20 Apr 95.5
31,253 19 May 84.9%
33,212 27 May 90.3
33,248 2 Jun 90.4%
33,180 7 Jun 90.2
29.888 17 Jun 81.2
30,483 22 Jun 82.8
31,500 24 Jun 85.6
30,630 14 Jul 83.2
31,288 15 Jul 85.0



S&P 500:
4,796 3 Jan 2022. All-Time Record High Close.
So 90% = 4,316. 85% = 4,076. 80% = 3,836.
4,326 27 Jan 90.2%
4,589 2 Feb 95.7
4,587 9 Feb 95.6
4,225 23 Feb 88.1
4,170 8 Mar 86.9
4,173 14 Mar 87.0
4,631 29 Mar 96.6
3,930 12 May 81.9%
3,900 19 May 81.3
4,158 27 May 86.7
4,176 2 Jun 87.1%
4,160 7 Jun 86.7
3,666 16 Jun 76.4
3,911 24 Jun 81.5
3,902 7 Jul 81.4
3,863 15 Jul 80.5

Dow and S&P made their All-Time Record Highs in early Jnuary. After that, the first time they closed below 85% was 12 May for S&P and 19 May for Dow. Under the model prior to Obamanomics, that would have been the trigger for starting the Bear Market cycle., Next would come a bounce of 5-10%, or hopefully 90-95% of the Record High.
Dow did get up to 90.4% to provide a decent selling price, at almost 10% discount of the peak historical profit. But S&P only bounced up to 87.1%, meaning a sell would be a 13% discount - or more than 1/8 loss.
That selling period was from 27 May to 7 June for both S&P 500 and Dow.
Since the low point on 16/17 June, that minor bounce may be due to that much ballyhooed "China Stimulus" or that might just be Fake News covering for Lord Darth Obiden. Regardless, I expect the Market to drop a while.
Just in time for Elections, and folk can be reminded of their wisdom in "electing" Libtards - or, allowing them to Steal the Election.

---