Head Fake Rally?

Discussion in 'Stock Market' started by william the wie, Aug 13, 2019.

  1. william the wie
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    william the wie Gold Member

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    Trump/US trade has delayed implementation of the new tariffs until Dec 15 so Christmas won't be affected. Stocks are going up on this news but how quickly will it fizzle out.
     
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  2. BuckToothMoron
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    BuckToothMoron Gold Member

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    Well it’s clear the rally is not based on any fundamentals. I think it demonstrates that the bull sentiment is still the largest force in effect. However it is being continually tested, and when the prevailing sentiment ultimately flips bearish it will be a rapid and deep decline.
     
  3. SassyIrishLass
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    SassyIrishLass Diamond Member

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    IDK but I'm up 1.28 on one I bought on a week ago's fall. It's a good day
     
  4. william the wie
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    william the wie Gold Member

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    Between expiring options and dividends I should be able to sustain as much as a 3.5% increase in portfolio size/month as far as the eye can see but I suspect it will be more like 1.5-2% monthly compounding through Dec. But the bid to take BKEP private could surprise me on the upside.
     
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