Tesla stock

I put in a buy at $650. But it went the wrong direction

 

My guess is you will still get that opportunity.

 

Might depend on Coronavirus

 

Quite right. We just picked up some more shares we were waiting for on this roller coaster.

 

Did you get in, @bisco ?

 

not quite there yet, but admittedly, the last couple days have set my nerves on edge

 

this wasn't how the plan was supposed to go. tesla drop was not predicated on a pandemic or market collapse

 

Mr. Bisco, how else does price go down low enough?

 

hmmm...

 

Fear justified or not can certainly impact supply chains and demand. But my bet here is that these are temporary blips with equities market overreaction, hence potential good buying opportunity for someone in the long game.

Of course if this were all so simple and clear, there would be no calculated risk involved and the potential rewards that come with that.

In all seriousness, still, one has to be comfortable with such things, so don’t let any of us bully you too much.

 

I'm buying all the way down. Not necessarily with Tesla since I am already overweight in that, but definitely everything else. Like someone said above, great time to buy for people who are long.

 

suzie orman

i'm looking hard at health care stocks

 

Already reports of drop in buying in China despite local manufacturing happening.

Here tough to spend that kind of money here when your 401k just lost a significant amount. I don't follow the market day to day, update my net-worth spreadsheet maybe monthly. But today I've already checked the markets twice and it isn't even 11AM. Went out to dinner with a couple last night and was advised not to mention the market because he was so upset. I'm not sure anyone who hasn't experienced some of these corrections can appreciate the change in consumer mood that happens. Add in the overall debt from auto loans and its huge increase since the last downturn, that pensions are now rare and so people are more conscious of their personal 401k balance and the psychological impact on spending for big ticket items in uncertainty.

As a small indicator, I went trying to buy masks yesterday. Amazon, Walmart, Costco. None available.

About a year and a half ago I took half my 401k into short term bonds anticipating that someday the markets would turn but not knowing when or why. But even doing that, I've lost more than the Y I might have bought.

Not a good time to be a commissioned salesperson,

 

things are happening too fast to get a handle on facts, reactionaries cause market upheavel while the rest can only sit and watch

 

If nothing else, great time to refinance home mortgage for many. Record low treasury rates...

 

I can definitely understand a downturn upsetting people that need that 401k money in the next year or two. But longer than that and it is just a blip. Now if we go down another 10-20% from here then we actually have something to talk about.

As far as the mask thing, hasn't helped over in China much has it? I've heard many health experts say masks are a fool's errand. Much better prevention techniques out there.

 

I retired in 2007 and left all my 401k in stocks until last year. So I've had a nice run and would have to be down 50% before I showed a loss. The one stock I do own I bought via an employee stock purchase plan in the '70s at about 8, last time I looked it was at 156 even after this week and had already spun off 4 other stocks each of which is worth about my original investment. I'll keep it and let my heirs get the stepped up basis.