Panic Selling

[Lower West Stander]

So are the stock markets crashing or not?

Perhaps they are crashing on this thread but not the other thread dedicated to today's stock market.


What if the stock market crashes on that thread, but not this one?

Oh it's so confusing.

Market is "repricing risk"

This is a lot to do with the Saudi's ramping production after OPEC last week. Too many peak oil players in the market and shale is buggered. Everything is off but the US single asset guys are finished.

Most discussion is around when to start buying. But no one can pick the bottom.

Same as always.....

 

[Ding Dong !]

My trading account is looking quite unhealthy today....no losses as I haven't sold. Ride it out and markets will soon recover.

Piled in on a few stocks that will recover ( silly low prices ) and make me a healthy profit.

 

[timbha]

Piled in on a few stocks that will recover ( silly low prices ) and make me a healthy profit.

Let us know how you get on cos the markets may not have bottomed yet. How long do you think you’ll have to wait before the profits roll in?

 

[vegster]

Let us know how you get on cos the markets may not have bottomed yet. How long do you think you’ll have to wait before the profits roll in?

Probably need to be in the 80% that are not too badly affected by covid-19 to get back in to profiting.

 

[Weststander]

Let us know how you get on cos the markets may not have bottomed yet. How long do you think you’ll have to wait before the profits roll in?

No one can ever know that timeframe or have any idea. The FT’s Gillian Tett covered that very question on 5Live an hour ago.

 

[BLOCK F]

Amazing isn't it how when the price of oil goes down the price at the petrol station takes ages to catch up, but as soon as they rise the prices shoot up

To be fair, the Asda store near us are reasonably quick to lower prices and they do sell the cheapest petrol for miles around.
At the moment 116.7p a litre for petrol and 118.7p for diesel.

 

[BLOCK F]

Oh well, this has severely clobbered both my SIPP and other investments. C'est la vie.
Haven't sold or added anything yet, but am tempted to put a bit into the markets soon.
In the meantime, I shall keep calm and trust my dividend payers keep paying up.
As an old git of almost 72 and providing I don't keel over from 'Corona', I reckon the markets will turn up well before I'm done for.

 

[Harry Wilson's tackle]

Not really. I know it was probably said in jest but toilet rolls are something that, over the course of two months, you would only need x rolls. So buying 10 times x now means zero sales in two months time. You're never going to need more toilet rolls next week than last week unless that curry was off.

Indeed.

I was thinking about investing in a creatorium but pulled back for equivalent reasons - in the long run (etc etc).

And, heartwarming to see we NSCers pondering how to profit from a possible impending human catastrophe.

To be fair, I did get it in the neck from Mrs T this evening for stockpiling toilet roll. Well, she raised an eyebrow, which can amount to the same thing. But I bought an extra pack only because it was the last one left in the supermarket. Only just managed to grab it before this wormy mum with her troublesome kids took it. Alright, I may have barged past her a bit.

But better Safeway than sorry.

 

[Weststander]

Indeed.

I was thinking about investing in a creatorium but pulled back for equivalent reasons - in the long run (etc etc).

And, heartwarming to see we NSCers pondering how to profit from a possible ipending human catastrophe.

To be fair, I did get it in the neck from Mrs T this evening for stockpiling toilet roll. Well, she raised an eyebrow, which can amount to the same thing. But I bought an extra pack only because it was the last one left in the supermarket. Only just managed to grab it before this wormy mum with her troublesome kids took it. Alright, I may have barged past her a bit.

But better Safeway than sorry.

Bully, throwing your Waitrose around.

 

[WATFORD zero]

Safe investment if you want steady growth throughout the next few turbulent months -

Tattoo removal parlours

You have not been charged for this information

 

[Harry Wilson's tackle]

Bully, throwing your Waitrose around.

That's Fine Fare for you to say.

 

[dejavuatbtn]

There's been a run on the market, with small investors completely wiped out.

Or they would have been if there were any bog rolls left.

 

[BLOCK F]

Indeed.

I was thinking about investing in a creatorium but pulled back for equivalent reasons - in the long run (etc etc).

And, heartwarming to see we NSCers pondering how to profit from a possible impending human catastrophe.

To be fair, I did get it in the neck from Mrs T this evening for stockpiling toilet roll. Well, she raised an eyebrow, which can amount to the same thing. But I bought an extra pack only because it was the last one left in the supermarket. Only just managed to grab it before this wormy mum with her troublesome kids took it. Alright, I may have barged past her a bit.

But better Safeway than sorry.

OMG.
I don't quite know how to take your post, Harry. Knowing you, I hope it is a partial wind up, tongue in cheek jobby, although the shrug worried me a bit.
You couldn't possibly be having a dig at the likes of us who mentioned stockmarket falls and how this puts a serious dent in our pension funds and other investments, could you?..........and you with your secure pension and all that!
. Us saps who rely on the markets for our pension are entitled to be a wee bit concerned, and are equally entitled to try and take appropriate action to make up the falls as the opportunity arises and to protect our hard earned wonga.I trust pension fund managers, responsible for the pensions of millions of 'ordinary folk' across the country are looking to do the same thing for their clients.If they are not, they are not doing their job properly!
But you know this really, don't you, so I will give you the benefit of the doubt (big of me) and assume something stirred inside you to make you come out with that jibe...........not an erotic dream about Beccy W-D, I hope!
After all, our actions are hardly in the league of nicking the last bog-roll in the supermarket, are they!

 

[Lower West Stander]

I’m getting tempted.

The oil shock could get resolved with a bit of sensible discussion between Russia and the Saudis which should improve sentiment a bit. Take a while to get back to where we were but Buffett type companies with chunky yields will look good. Also may look at a few punts on companies who look vulnerable to private equity.

Another 1,000 points off and it’s remortgage the house stuff.


Sent from my iPhone using Tapatalk

 

[dazzer6666]

Bit of perspective required isn’t there? It’s a significant correction, but anyone invested in the market (assuming reasonable diversification) will still be sitting on gains over say a 3-5 year period (I took a final salary pension scheme out and lobbed it in a SIPP a while back and whilst it’s dropped maybe 15% in the last couple of weeks, it’s still worth more then when I invested). It’s tough to stomach for anyone who has to cash in an investment/pension now (when they could have done so a couple of weeks ago), but anything in a higher risk investment shouldn’t really be cash that is needed quickly. The DJ was at 17,749 5 years ago, and 23,851 yesterday, still up 34% in the period despite the drop of over 5,000 in the last week or so.

Personally happy to ride it out and look for buying opportunities. You can never reliably pick the bottom, so a good tactic now (or soon) is to drip feed your money in.

 

[Justice]

I had a sell signal on the SP 12 days ago I let it ride and yesterday well things are looking very healthy. Bit of a correction this morning as always after an 1800 pt fall.

 

[Ding Dong !]

Let us know how you get on cos the markets may not have bottomed yet. How long do you think you’ll have to wait before the profits roll in?

I have quite a diverse portfolio including stock in Oil (FTSE & AIM) companies. Yesterdays drop is way oversold and a slow steady rise is what I'm looking for now and no silly spikes ( Oil companies). A rough short term road ahead but already in the black on the stocks bought at yesterdays silly prices.

Kicking myself though with Easyjet. Trade this stock regularly but didn't take action yesterday ! hey ho , there's plenty of opportunity out there.

 

[Justice]

I have quite a diverse portfolio including stock in Oil (FTSE & AIM) companies. Yesterdays drop is way oversold and a slow steady rise is what I'm looking for now and no silly spikes ( Oil companies). A rough short term road ahead but already in the black on the stocks bought at yesterdays silly prices.

Kicking myself though with Easyjet. Trade this stock regularly but didn't take action yesterday ! hey ho , there's plenty of opportunity out there.

You better hope the yanks don’t panic again on open and shorten the stops

 

[Ding Dong !]

You better hope the yanks don’t panic again on open and shorten the stops

Just got to sit back, hold and not panic. I don't set stops.

 

[Justice]

Just got to sit back, hold and not panic. I don't set stops.

Brave man well I’m out the short trade at roughly 2000 Pts so happy I will sit back and relax until my next trade