2020 Stock picks

remo wrote:

longterm_view wrote: Genuine question.


also bear markets are never over in a month....normally around 6-9 months long...

I agree DOW looks like it will go lower but with regard to FTSE have you ever seen a bear market where 61 fib has been hit within a month though Remo?...and surely private investors are aware, the daily drops have been headline news for a couple of weeks now.

longterm_view wrote: Genuine question.

Buffett; Buy when others are fearful.

Has anybody bought anything yet?

I've bought a small position in crude. £1 per point. Anybody else??

Or waiting for 18,000 on dow?

im personal waiting for atleast 15000 points on the dow as that's the 61.8 fib level on the dow…
Ftse has already hit the 61.8 fib …..
But i see more pain before gains as corona virus has not really hit America properly and i expect uk to shut down soon so doubtful we have seen the low.
Private investors are not in panic mode just yet as most don't know about the markets yet...once everyone is aware then may start to look for bottoms..

also bear markets are never over in a month....normally around 6-9 months long...

I bought some asos in my pension earlier, concerned they could go lower but thought i was being greedy holding out and they be a good buy over 1-2 years. Decided to stick them in the bag and spend my time looking for quick wins.

I had been wondering if the all out panic this morning meant we could be at the bottom. China markets had nearly recovered after their drops at start of year before Europe/US started dragging them back down. Did make me wonder if the actual impact of the virus hitting would be less impactful than the fear has been.

Buy on rumour, sell on news type scenario.

Genuine question.

Buffett; Buy when others are fearful.

Has anybody bought anything yet?

I've bought a small position in crude. £1 per point. Anybody else??

Or waiting for 18,000 on dow?

Now 1744 has gone though could see £11 mark for a good entry point

Been watching asos for a while as thought had potential for a wave five to take them £80+ but smashed through 2014 low (W2) this morning.

Still think good buy long term, expect online retailers to do well out of social distancing as people turn to phone shopping when bored.