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SVTPerformance's Chain of Restaurants
Road Side Pub
Dow is Down 900+ points Today 2/24/2020
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<blockquote data-quote="04SVT_COBRA" data-source="post: 16402144" data-attributes="member: 63777"><p>^Yeah, things are starting to heat up again. I have clients in Mexico who are portraying a VERY different image of what is going on vs what is being reported. For example, there is a plant down in Tijuana that has at least 30 confirmed cases and two deaths and workers are starting to protest outside because they weren't given any protection (our production plant in the same business park has 1,100 employees but we shut down weeks ago). That is just one building with thousands working inside, and I wouldn't be surprised if most of them have it. </p><p></p><p>I keep hearing (and seeing from the tape) that the market has this all "priced in", but I find that hard to believe. I won't fight it, but I don't see how we don't retest or break the lows. CHWY is the only stock I have added recently to my long-term portfolio, but I thought I chased it a bit and didn't take as much as I wanted. Once these big visibility names start dropping, it will be interesting to see how the rest of the market holds up. I can't get myself to be a buyer up here.</p></blockquote><p></p>
[QUOTE="04SVT_COBRA, post: 16402144, member: 63777"] ^Yeah, things are starting to heat up again. I have clients in Mexico who are portraying a VERY different image of what is going on vs what is being reported. For example, there is a plant down in Tijuana that has at least 30 confirmed cases and two deaths and workers are starting to protest outside because they weren't given any protection (our production plant in the same business park has 1,100 employees but we shut down weeks ago). That is just one building with thousands working inside, and I wouldn't be surprised if most of them have it. I keep hearing (and seeing from the tape) that the market has this all "priced in", but I find that hard to believe. I won't fight it, but I don't see how we don't retest or break the lows. CHWY is the only stock I have added recently to my long-term portfolio, but I thought I chased it a bit and didn't take as much as I wanted. Once these big visibility names start dropping, it will be interesting to see how the rest of the market holds up. I can't get myself to be a buyer up here. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Dow is Down 900+ points Today 2/24/2020
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