stocks in meltdown mode

[CRedskinsRule]

Originally Posted by CRedskinsRule

It is kinda fun to play around in the market where long term upside seems a better bet than dropping deeply.

Trying not to go with companies that might not make it out of this thing intact is the hardest call. Airbus(EADSY) is one of those, and my only real flop. I bought it around 21 and its at about 14 now. And its upside was 35 or 1.5 times. I chose it over american companies because i dont think all the airlines survive, and I am not sure which ones make it out, and the buy in was under 50 per share.

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so i sold both dell and angi's list after hitting my personal targets, airbus just broke back over the 21. Angi's list gain was 130%, Dell's was about 80% I sold because they both are in the trading range pre-covid, and I am expecting that there will be another drop where i move it all into a standard mutual fund for long term stability and growth. I bought some penny stocks too, again nothing crazy risky in terms of what I put in, but one I bought at 29 cents is now over a dollar, and the weirdest one was a company I bought at 40 cents, and then they did a reverse stock split, or consolidation, and for every 20 shares they merged them and gave you 1 at the equivalent price. Crazier still is if you had 1 over the 20 they rounded up and put 1 more stock on. Right now it's trading at about 9 per share which is a positive, but not as much as 40cent to $9 would make you think.

Overall, my trades were really penny ante compared to what real investors could do for funds, so I guarantee that ALOT of rich people got alot richer still through this little dip. Take that you conspiracy gurus!!!