MARKETS,Anybody even yet?

[dinghy]

In for mor LYB. Worst rebound ever.

[case]

News rocks the market and if you are on the wrong side it can be devastaing. I was holding TTD (Trade desk) and on Auguse 8 the ceo announced due to tariff uncertainty advertisers became nervous. This caused Morgan Stanley to make a huge downgrade. It was at 89.00 on the 7th and 53.00 on August 8th. I was caught with my pants down and suffered a huge hit to my portfollio. It dropped even further the following days.

I am still holding all my shares and today it is around just 54.00. Had I used a stop loss I would have been protected but I just did not see anything that dramatic happening. I do use stop losses on many stocks that are more volatile but had non on TTD. I will keep holding because I see good future ahead but it might be dead money in my account for a long time.

I have been on both sides of news but you usually can't predict it happening.

[olds442jetaway]

That happened to me with Disney end of the year 2021. As soon as their woke stuff started hitting the news, it crashed and still is going nowhere. It had beet up to 180 or so and I finally bailed out for a tax loss at 111. Never bought it back. I could have bought it back around 90 in April and bailed again at 124 but didn’t. Duh

[dinghy]

It was at 89.00 on the 7th and 53.00 on August 8th.

Had I used a stop loss I would have been protected but I just did not see anything that dramatic happening. I do use stop losses on many stocks that are more volatile but had non on TTD.

If I liked it at 89, odds are I'll still like it at 53. I'll probably be buying the dip.

I've never used a stop. If a holding declines, I need to assess why. I would never sell merely because it went down.

I realize I'm defying conventional wisdom -- but I'm not conventional, I'm a contrarian .

[dinghy]

This caused Morgan Stanley to make a huge downgrade.

I would add that Morgan Stanley is a bunch of retards. They just recently announced a portfolio strategy shift from 60/40 stocks/bonds to 60/20/20 stocks/bonds/gold.

So they sold bonds after they already went down, and bought gold after it already went up.

If they downgraded a stock, I would take that as a buy recommendation.

[olds442jetaway]

Why why why. I guess they believe in buy high Sell low

[case]

Many times brokers have to buy stocks at high because their investors demand it. Like when Nvidia is at record highs but if you don't have some your investors are thinking the broker is out of touch. I know this is a bad example as it seems everyone has some Nvidia but you get my point.

If gold is the hot trend you better have it or investors will be looking at other brokers.

Dinghy I really don't like stop loss either but it serves a purpose especially if you are heavy in a certain stock or sector. If you get kicked out you can always buy back once it starts to go up. If it goes up quickly sure you might take a loss but if you have a good stock you will get it back. It is those collapses that can really hurt you that it offers protection.

Olds I remember that Disney swing well. It caught many investors and institutions off guard.

[olds442jetaway]

Probably don’t want to talk much about today. Will it be short lived. Who knows. I took a nice hit today myself. I only have 3 stocks that were up today. DX so far my best long term hold for the dividends, CAG and GIS. Everything else I have down. . China Tariff stuff again, sneaky inflation we all feel no matter what they say, and valuations all contributed to the mess today.

[dinghy]

If you get kicked out you can always buy back once it starts to go up.

You'd fit right in as a guest on CNBC.

You've been a big winner in crypto, so you probably don't even pay close attention to stocks.

[dinghy]

China Tariff stuff again, sneaky inflation we all feel no matter what they say, and valuations all contributed to the mess today.

What are you buying?

The last time we did this, in early April, I loaded up on stocks that were already cheap, and were being crushed amid the general panic. Mostly those were natural resource stocks.

Bargains are not nearly as widespread today, but the one industry that commands my attention is chemicals: BAK, DOW, HUN, LYB, SSL.