It's the economy, stupid

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  • Super Bee

    Grandmaster
    Site Supporter
    Rating - 100%
    10   0   0
    Nov 2, 2011
    5,143
    149
    Fort Wayne
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    foszoe

    Grandmaster
    Site Supporter
    Rating - 100%
    24   0   0
    Jun 2, 2011
    18,012
    113
    I've had a stop loss order on some stock. I suspect it will be implemented today
    Yep. I use trailing stop losses. I MAY make some incremental buys on fundamentally sound companies. But I won't really do anythingn my strategy may.
     

    BehindBlueI's

    Grandmaster
    Rating - 100%
    29   0   0
    Oct 3, 2012
    26,608
    113
    ...and sold off some losers I got in stock splits (warner brothers discovery, primarily).

    Well, that turned out to be good timing.


    Warner Bros Discovery has written down the value of its traditional television networks by $9.1bn, a dramatic recognition of how fast streaming is eroding the cable business model behind channels such as CNN, HGTV and the Food Network.The non-cash charge led the US entertainment group to report a quarterly net loss of $10bn, which compared to Wall Street’s expectations of a $542mn loss and exceeded its total revenue of $9.7bn.

    Which nearly instantly lead to a 10.5% drop.
     

    bwframe

    Loneranger
    Site Supporter
    Rating - 100%
    95   0   0
    Feb 11, 2008
    39,290
    113
    Btown Rural
    Cooking the books eventually caught up with the administration. They quietly release "revisions" after most every "favorable" jobs report. This one is pretty big...1724251354354.png1724256293463.png
     
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