Corona Virus Flu - Page 3

I'm not a business man but it sounds like a great time to stop selling and continue buying catalytic converters. Yes? No? Maybe?

It's been said before but the word "crisis" in Arabic also means opportunity. A guy that REALLY knows what he's doing could make a lot of money fast right now.

The fool with gold fever will lose his shirt. I'm thinking about the cat buyer who paid over 600.00 $ for a junk cat from a yr 2000 Ford Escort. That one was mentioned in another thread recently. I would hate to be that guy.

It's a high risk environment.

Timing is everything. For example: The perfect time to sell Rhodium was about a month ago when it was at it's peak.

The perfect time to buy Rhodium would be when it bottoms out.

JMHO ... this would not be the time to either buy or sell cats because PM's are so volatile right now.

I would be looking around for other opportunities. Buy low ... sell high.

The best way to make money is to not tell others how they should make or not make money. Or tell others how YOU are going to make money. Find something you can get from the backside.

I want to try an experiment. Abbott Labs stock.

Good Job. You just proved half my point.

Originally Posted by IamTheGreatest

The best way to make money is to not tell others how they should make or not make money. Or tell others how YOU are going to make money. Find something you can get from the backside.

I want to try an experiment. Abbott Labs stock.

Speak your truth plainly so that all may think and decide for themselves. There's really no need for posturing and being all mysterious.

Someone that really is the greatest can compete and win on an open field where all is transparent and plain to see.

Ok, I'll decipher. And I'll use little words.

First part... don't tell others how to or not make money. Pretty simple. Quit creating your competion. It's no different than the fly by night real estate investors

Second, find the back door. Find something that has little value in your area and make the market. Everybody keeps looking for the gold. Step over a dollar to save a dime.

You did exactly what I thought someone would with the abbott labs. Brushed it aside like it was nothing. But yet if someone out here says they'll buy all your AMD chips for 2 dollars you jump on that. Abbott Labs will be more of a help.
I hope I didn't use too many big words. Judging by the amount of pm's I got, I'm pretty sure I didn't.

buy high, sell low!....

Originally Posted by IamTheGreatest

Ok, I'll decipher. And I'll use little words.

First part... don't tell others how to or not make money. Pretty simple. Quit creating your competion. It's no different than the fly by night real estate investors

Second, find the back door. Find something that has little value in your area and make the market. Everybody keeps looking for the gold. Step over a dollar to save a dime.

You did exactly what I thought someone would with the abbott labs. Brushed it aside like it was nothing. But yet if someone out here says they'll buy all your AMD chips for 2 dollars you jump on that. Abbott Labs will be more of a help.
I hope I didn't use too many big words. Judging by the amount of pm's I got, I'm pretty sure I didn't.

The posturing and all ... that's really not an effective means of communication. Same thing with the condescending attitude. It's like okay ... yeah ... i'll talk to you but i have to hump you first and establish my dominance.

I can see what you're saying though. I ran my own (small) carpentry business for 16 years. You don't want to say very much to anyone about your prospective jobs till they're firmly locked in and you're on the jobsite.

As it goes at this forum ... i really don't see the harm in open information sharing. These people are not my direct competitors. If anything ... working in collaboration with them has been very beneficial.

From a philosophical point of view : While i sometimes resent competition at the local level ... i also have to accept that it's a good thing. My competitors for the resource drive me to excellence. Without them i would lose my edge. I would become complacent. Complacency = death.

Excellent point on finding something of little (apparent ) value and exploiting that. You gotta keep your eyes AND your mind open to all possibilities. The other guy with narrower view of the world will never see it but you will.

To be totally frank ... the Abbot labs thing was a bit off putting. I don't mean to be mean here but i really have to consider the source. It may just be an on-line persona but all of that bluster & bravado is a pretty serious character flaw in a man. I've known more than a few very bright and talented guys with that gaping blind spot in their perception called ego. Pride comes before the fall. You don't want to be anywhere near them when that happens. Avoid those guys like the plague when you're doing business.

Abbott looks pretty good at first glance. That would come to my second reason for taking a pass. I have absolutely no idea of what i'm doing when it comes to stock. There are a few things i do know and a whole world of things i don't. It's generally best to stay within your wheelhouse and plod along. Slow and steady wins the race.

Huh?

Originally Posted by mikeinreco

And since you are such a stock wiz at what point during this free fall do we buy

Among others:

RWM
SH
SDS

These are inverse market ETF's. They ARE NOT buy and hold! They are buy and increase as the market falls. Unlike a stock or long ETF where the stock will still have some value (assuming the stock does not go bankrupt), if you hold and the market goes up, they will evaporate over time.

Originally Posted by mikeinreco

Must not be from the south didn't know what "britches" were

to big for his own britches

I laughed when I saw that. It's been a while since I've heard that one.

My grandmother used to say someone didn't know S**t from Shinola all the time.

All right. Would've responded sooner, but I'm still searching the site trying to find where I failed my ewaste business? I still send my one gaylord a year, that's good enough for me.

You don't wait until a stock is at the "bottom" to buy. You'll never time the market right. Pick your in price, pick your out price.

Just because a stock is 70, doesn't mean it's at it's high. Look up Berkshire Hathaway.

I have no skin in Abbott. It was a learning session for me.

Anyone who is betting the market is going to drop more isn't playing the odds. It might drop a little more, but the upswing should start soon.

There's a reason the north won. Someday the south will rise again, high enough to kiss......

The best thing to do is invest early, and often. Set an amount to invest on an interval, and set it and forget it. No one can outsmart the market. Not even companies spending billions trying to, let alone normal Joe's like us. Monthly (for IRA) and bi-weekly (401k), into VTSAX is what I do, and will continue to do, until a few years out to retirement where I'll go more conservative and less into equities..... Jeez I feel like I'm on an investing forum.... We gotta steer back to scrap!