Irrelevant
Well-known member
NOVAVAX was a wild ride this evening...
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
SAJ-99
Well-known member
At least you know who is long. Anyone long that stock should take their money and run tomorrow AM.
thatsjet
Well-known member
I’m buying Barrick gold options for 12/20 expecting meltdown related to election and subsequent jump into stable value. So far up 20% this week alone. Might take a profit if it dips at all and wait fire another big stop to buy in again. Lots of volatility in the equity markets offering opportunity right now.
ignorethefringes
Well-known member
- Joined
- Sep 19, 2016
- Messages
- 3,061
This is the big question for me. Anyone care to predict what will happen depending on both scenarios? What if Trump wins? What if Biden wins?
I would guess the markets will dip if Biden wins since higher corporate taxes are likely under Biden. Not sure how markets would react if Trump wins.
SAJ-99
Well-known member
Trump - D Senate - D house = nothing gets done. Easy to envision another impeachment. Possible Trump gives up some things to D to stay in office (drug prices, alt energy, etc). Odds of this scenario are low (10%).
Trump- R senate - D House = status quo (25%)
Biden - R senate - D house = best for markets. Can’t raise Corp taxes. More compromise. Decent probability. (32%)
Biden - D senate - D house = high taxes post pandemic.Market’s worst case scenario, but still not terrible. Biden is pretty moderate and economic conditions dictate course. Decent probability. (32%)
All % are guesses and subject to change without notice. Who knows what Russia will do in October.
BigHornRam
Well-known member
I predict if we listen to this idiot, we will find out where the bottom is real quick..........
thehill.com
I don't care who wins the upcoming election, hard times are coming.
Top Federal Reserve official says US needs another lockdown to save economy
The government should again impose strict coronavirus-related lockdowns for a month or longer across the U.S. in order to boost the economy, a top Federal Reserve official said Sunday.&nb…
thehill.com
I don't care who wins the upcoming election, hard times are coming.
I don’t know anything about options, but I am wishing i would have bought more gold and silver. SLV etf up over 15% in a week. Same with GLD. Bought it at $170 and planned to buy again at the next dip, but it keeps going straight up.
Irrelevant
Well-known member
I took your advice, 20% in a week I shouldn't get greedier.
SAJ-99
Well-known member
No one ever went broke taking a profit. There are lots of these names in biotech and tech. Prices are through the roof and even a hint of bad news and they drops 50%. I would prefer to sell to early than too late.
thatsjet
Well-known member
This is the truth. If you're not a prepper yet, you should start today. "Beans, bullets and band-aids" first, then precious metals and a solid bug-out plan.
thatsjet
Well-known member
Pure gold investing wisdom.
BigHornRam
Well-known member
This only adds up to 99%. What is the 1% scenario? Both Trump and Biden die of corona virus on election day and we get to have a do over?Trump - D Senate - D house = nothing gets done. Easy to envision another impeachment. Possible Trump gives up some things to D to stay in office (drug prices, alt energy, etc). Odds of this scenario are low (10%).
Trump- R senate - D House = status quo (25%)
Biden - R senate - D house = best for markets. Can’t raise Corp taxes. More compromise. Decent probability. (32%)
Biden - D senate - D house = high taxes post pandemic.Market’s worst case scenario, but still not terrible. Biden is pretty moderate and economic conditions dictate course. Decent probability. (32%)
All % are guesses and subject to change without notice. Who knows what Russia will do in October.
SAJ-99
Well-known member
Basically. Some debate might end up in a duel to the death for both. I have an image in my mind of these two coming to blows and physically wrestling at a debate. If you want me to put the extra 1% somewhere, I would probably put it at Biden- R senate and D house, and only because that seem to be the favorite in the poll #s. The market won't care much as a whole. Individual industries will certainly care. Which is why they write checks for both sides.This only adds up to 99%. What is the 1% scenario? Both Trump and Biden die of corona virus on election day and we get to have a do over?
Irrelevant
Well-known member
@SAJ-99 or anyone else, How would a person go about buying stock on the South Korean Exchange?
SAJ-99
Well-known member
Most major brokers have international trading and the list is expanding. Years ago, I held a position that traded on the LSE and had to liquidate it when my broker got bought by Charles Schwab. I think CS will now let me buy it now. Your major brokers like Tradestation and Interactive Brokers will definitely do it. You may have to call the desk to make the trade and you may have to put in a limit order to execute it evening/overnight when the exchange is open. The cost will be higher and you will have to do an FX conversion from US $ to won at settlement. You will probably get shafted on the FX rate, too. It's a PITA, so you better really want to own the company.
Irrelevant
Well-known member
I honestly haven't spend enough time following their market to feel comfortable doing all that, but it damn sure feels like I'm missing out on a great investment.
SAJ-99
Well-known member
Thought you were looking at a specific company. EWY is Korea ETF (in US$). 20% of it is Samsung. If you have a 5yr holding period Vietnam will probably take a lot of the production from China, so VNM. If you just want to bet on the everyone but China, look at FM (iShares Frontier Markets). The China/US thing was brought up about 40 pages ago, when for some reason BigHornRam wished that me and my family would lose every cent we had. If production leaves China, it isn't coming to the US, unless you live in Peter Navarro Fantasy Land. I'm sure it is a wonderful place, but not reality.
Irrelevant
Well-known member
Oh I am. LGChem they are slated to be making or are currently making a significant portion of the batteries (or the components) for the EV industry. They've had slow steady growth for a while, and seem to be less volatile that what we're seeing this side of the pacific.
