RIMM worth buying today?

10/3/2008 10:26:37 AM

i think so

10/3/2008 11:54:11 AM

Anyone see what happened to Apple this morning?

Some fake story of a Jobs Heart Attack and stock dropped with heavy trading.
Apple released a report stating it wasn't true and now all is good again.

Oh the power of a blog.

10/3/2008 12:07:16 PM

Haha. My cousin sent me this when the story went out.

10/03/2008 09:48:44 Bought 100 AAPL @ 98.2 -9,820.00
10/03/2008 09:51:12 Bought 50 AAPL @ 96.9094 -4,845.47
10/03/2008 09:52:49 Bought 50 AAPL @ 96.7094 -4,835.47
10/03/2008 09:54:24 Sold 100 AAPL @ 102.54 10,253.94
10/03/2008 09:54:24 Sold 100 AAPL @ 102.56 10,255.94

10/3/2008 12:13:27 PM

if yall are not buying WAMUQ yall r dumb


its going to skyrocket

10/3/2008 12:30:45 PM

Whats the deal with WAMUQ? Is this going to be dead in a few days?

10/3/2008 12:49:17 PM

not likely, there are bankrupcy hearings today, plus the bail out news will give it a boost

but this is a short term play with very good long term possibilities

10/3/2008 12:59:03 PM

I bought in big(for me) at 15 cents, so lets see what happens. It isnt money that I can't afford to lose, but it would really suck.

Is there a way to see the real-time price of it. I am 15 minutes delayed with google and some fucker on their discussions knew it was at 17 cents at 12:49

[Edited on October 3, 2008 at 1:05 PM. Reason : j]

10/3/2008 1:04:31 PM

whoever you're trading with should have real time quotes


the VOTE IS HAPPENING NOW

10/3/2008 1:07:26 PM

PASSED

[Edited on October 3, 2008 at 1:24 PM. Reason : ]

10/3/2008 1:17:30 PM

WAMUQ better jump or i'm coming after you

10/3/2008 1:18:08 PM

I am still 15 mins behind on every quote i can find. I am seeing .175 for wamuq,anyone else getting anything different

10/3/2008 1:25:26 PM

down to .14

[Edited on October 3, 2008 at 1:45 PM. Reason : ]

10/3/2008 1:26:45 PM

where are you getting your quotes?

10/3/2008 1:42:06 PM

TDA

10/3/2008 1:44:52 PM

http://www.daytrades.com/

10/3/2008 2:16:15 PM

added a few shares of AAPL to my position

10/3/2008 2:19:57 PM

wish i had some free cash right now.. i'd be buying some apple too

10/3/2008 2:35:38 PM

Ignoring the news this morning that led to the $10 swing, Apple has been on an awful downward spiral dropping somewhere around $70 per share in the last month alone. I don't know that a $10 false swing is good enough for me to drop a lot of money on them without doing more research.

What will it take for it to start rising again? Are people expecting any new product announcements soon? What brought it down so bad in the first place?

[Edited on October 3, 2008 at 3:32 PM. Reason : l]

10/3/2008 3:24:21 PM

so they signed the bill

and stocks are still dropping


lololol have fun boys.

10/3/2008 3:47:22 PM

Gonna be following WAMUQ closely this week. No telling whats going on with that train, but if it spikes, I'll be ready

10/5/2008 8:05:50 PM

This market makes baby jesus cry, as well as myself

10/6/2008 9:36:23 AM

i hate the stock market.

POT and RIMM destroying me.

10/6/2008 10:09:34 AM

when was the last time it closed under 10000?

10/6/2008 10:11:44 AM

i think i'm going to sell everything and close my stock account so i can't keep losing $

10/6/2008 10:14:56 AM

Its been a few years at least, with how things have been going I wouldnt be surprised to see that 9000 line within a week or two

10/6/2008 10:16:44 AM

Quote :

"when was the last time it closed under 10000?"

The first time it closed above 10,000 was in March of 1999. April 20, 2005 was the last time that it closed under 10,000.

It's already under 10,000 today... So today could be the next time

10/6/2008 10:19:11 AM

Lets give them 900 billion more

10/6/2008 10:21:03 AM

I just pray that the companies I have stock in survive long enough to be around whenever this shit finally starts to recover, I dont mind waiting a few years to make money but with how things have gone to shit who knows who will go bankrupt before then

10/6/2008 10:29:50 AM

9800 and counting as I pass the down 50% overall mark, time to jump off high rises yet?

10/6/2008 10:43:44 AM

i'm buying stock in companies that sell ropes

10/6/2008 10:57:34 AM

I was thinking alcohol companies myself

10/6/2008 11:16:05 AM

Crime Scene cleanup? I don't think any of those are publicly traded though..

10/6/2008 11:42:49 AM

I'm buying Smith & Wesson

10/6/2008 12:09:51 PM

im still making money, financials is where its at

10/6/2008 12:11:56 PM

wtf, i go to the west coast and the bottom falls out of this bitch..

10/6/2008 12:32:58 PM

QID, SKF, and SRS are good to be in right now.

i'm only in SRS though.

10/6/2008 12:37:54 PM

Do I buy today or wait a few?

[Edited on October 6, 2008 at 1:47 PM. Reason : Damn you for making me second guess!]

10/6/2008 1:46:38 PM

id buy

there is going to be a spike tomorrow and then profit taking on wednesday

10/6/2008 1:49:57 PM

any predictions on what's going to happen from 3:30 to 4:00pm ?

10/6/2008 2:02:11 PM

BobbyDigital

Quote :

"anyone else think we'll be below 10,000 by fall?"

Talage

Quote :

"lol, no"

the least fun "i told you so" ever.

[Edited on October 6, 2008 at 2:04 PM. Reason : asdf]

10/6/2008 2:03:39 PM

i was actually about to scroll back and find your post, i remember that

10/6/2008 2:10:56 PM

I didn't think we would either. Ah well. I'm keeping my 401K and IRA flowing but won't be contributing to my brokerage account any time soon.

10/6/2008 2:16:42 PM

over 700 point drop now

this shit is crazy

10/6/2008 2:28:58 PM

1000 point drop today?

10/6/2008 2:29:51 PM

i cashed out of SRS.

I think that as much of a drop as we had today, Aficionado is probably right, and we should see a dead cat type bounce tomorrow or wednesday followed by another selloff.

10/6/2008 2:43:39 PM

Quote :

" From RBS via the UK Telegraph this morning: Quote : " The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist. A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets. Such a slide on world bourses would amount to one of the worst bear markets over the last century. " 6/18/2008 9:07:38 AM "

10/6/2008 3:02:15 PM

Look, some of you will mistrue this post as "I told you so", but I assure you, that isn't what this is about. I just want to restate my case, and maybe get some of you folks to see the light a little bit.

This is me from September 5th

Quote :

" Look man. The economy is faltering. It just is. You're going to have to do some hefty amount of research to find some companies that are going to actually turn a profit over the next year or be rather adept at moving it in and out to do something good with it. Is it worth the time? I haven't actively managed my 401k - yet -, but I follow the market and some select numbers driven analysts pretty closely. I'll disclaimer that they seem to be labeled pretty heavy bears (perma even), but they've been right going on 2 years now about the housing collapse and economic slow down. In October, I started to pull my 401k out of a 2045 fund and into something more stable, like a CD or something. I didn't, and my portfolio is down about 8% since then (it popped up a few percent after that point I was going to pull it and it is down 10 or so since), before considering the ~2% it would have been up to now had I moved it into a short term CD.....having said that, I'm still going to move it. I don't see nearly enough positive news going forward over the next half to year that makes me think I'm going to miss big gains if I move it out. I do however see tons of news that makes me think I'll miss big losses if I do. Just look at the price of oil. Demand destruction is already occurring and driving the price down. Unemployment at a 5 year high, and Euro and Asian economies are heavily coupled to the US economy and are going to really start catching the cold as we keep sneezing more. "

I was ridiculued for this thought process.

Quote :

" Now that the markets are 20% down you are going to sell? You do realize the market starts to rise rapidly before the economy turns around, right? Now is the time to start thinking about buying heavily. "

Quote :

" Was just thinking the same thing. "

I actually didn't get around to moving my funds over until 9/15 (put in the order to move them after 4pm, so the order didn't actually switch until EOD 9/16, recovering a little bit of that massive loss on the 12th). The S&P, which my 2045 is heavily in is down nearly 15% since then, and nearly 17% since I made the above statement on the 5th. All the news is still bad

Again, on 9/22 I said this

Quote :

" This economy has still more to go before we see the light at the end of the tunnel. Do you think a bailout is going to be a magic cure all and we can go back to happier times (like, page 20 of the 07 thread?) whenever every stock that everyone picked made money? "

So far, my call to still short the financials on 9/29 is about the only thing I haven't knocked out of the park

Quote :

" You have a 50/50 chance here The passing of the bailout somehow actually changes the current sentiment (which is, the bailout won't work) or, you can assume either the bailout doesn't pass or (again, as the consensus is implying) it won't work Short the financials "

Quote :

" It's just gambling at this point. Sure, the allure of getting in here real cheap is there. But just slow down and think. All the talk from people who know about the bailout know that it stinks. There are enough people with a clue in Washington that aren't going to let this thing pass. It takes weeks of hearings from the brightest people in the country to put together a comprehensive plan (if one at all happens). The market is going to keep falling (as it should have been doing starting 2 weeks ago) until the proper plan is in place. And even that might be enough as everyone finally wraps their head around just how bad this situation is. Stay the hell out of the way, there are no fundamentals to be traded against here. It's all fear and luck that you get on the right side of a news story. "

So, I guess I was wrong about the idiots in Washington not letting it pass, however, I was correct in realizing the market aren't completely idiots.

Quote :

" that u are an idiot. My 401k is very aggressive. The more the market crashes the more shares of my various mutual fund allocations i get to pick up. 40 years I will be smiling. "

Eh? I'm protecting my gains to this point. Assuming I can move my stable value back over to something more aggressive near (and it only has to be near) the bottom of this mess, and the market continues to return it's historical 6-7% (though, I'm not so certain this will be sustainable without an energy revolution), the money I will have protected by getting the fuck out of the way of the S&P 500 crash will be worth in the 350k range if I retire at 65. But, what do I know, I'm just a douchebag troll that the site owners and moderators of this site won't even engage in a dialogue in any way.

Quote :

" there are some people who appreciate your point - no need to type enormous amounts of text to convince the others. chill out and come back later. "

I really do apologize, but the folks running this joint have made it so I literally have no other choice. If I could pay yet another $5 for a new account and have a relatively clean slate where I'd at least be warned for behavior that treads near the PMS line of the mods here, I'd do it.


My sentiments exactly:

Quote :

" this is why i'm on the sidelines. i'm just watching all of this crap, i have no idea how to profit on this without losing my ass. "

10/6/2008 3:18:23 PM

And this:

Don't let confident talk (which rd is quite good at just about any time he posts) get in the way of critical analysis:

Quote :

" i sold $2600 in GOOG about a week ago and re-invested in the S&P 500 today around 2:30. I jumped the gun a little I should have known to wait until the end of the day. I'm kicking myself for not keeping a little more cash on the sidelines the past few weeks but I'm kicking my 401k contributions up to 20% and going all in every 2 weeks or so in my brokerage account. These are going to be long run winners, the panic is way too widespread for people to even think about true valuations. "

At this point, you're basically just DCAing on the way down. Sure, long term you'll be fine, but I'm still waiting for a clearer, safer sign to get back in.

Quote :

" Sorry, I didn't know you were trying to time the market "

It isn't about trying to time the market. I'll honestly tuck my tail between my legs in this thread if this market somehow manages to race back past where I got out at. At his point, it would take a ton of good news and me in a coma for that to happen. I'll reiterate, none of what I am relaying to you is really my own analysis, it's just following some numbers driven rationally thinking money managers that have been right a shit ton more than they are wrong (specifically, Barry is up 10% for the year).



I'm still maintaining that I'm sitting on the sidelines until we see a glimmer of good news. Home prices and unemployment are still accelerating. The "announced" job cuts (meaning, companies didn't lay off but are announcing they will) is at an all time high.

Quote :

" I think that as much of a drop as we had today, Aficionado is probably right, and we should see a dead cat type bounce tomorrow or wednesday followed by another selloff."

I think a surprise Fed rate cut will be a catalyst for a small rally. They can't wait until October 29th to make that decision. I don't think this market really bounces much without some news like this.

10/6/2008 3:18:46 PM

DJIA down 450

10/6/2008 3:34:05 PM