coughIBMcough

10/30/2008 4:23:37 PM

^not really, their 52 wk high is $130 and are at $91 now.

10/30/2008 6:10:02 PM

Yeah, perfect time to buy.

10/30/2008 9:30:02 PM

Quote :

"I'm confused...why are you referring to an index of mostly Japanese stocks? B/c the US did a lot better than that after the crash in the late 80s...look at the S&P 500. Are you assuming we're going to go through the same shittiness they experienced in the 90s?"

I think nattrngnabob answered that pretty well but I'll add that I was talking to the people who were saying they were going to buy in regardless of the price, so that in 10 years, when the market has recovered, they will be profitable again. What's wrong with this thinking is the assumption that the market will recover. As shown by the japanese stock market, that just isn't true.

Quote :

"Yeah, but if you started investing four years earlier (15 years ago) you would be up over 100%."

Well if you started investing 20 years ago omg omg omg you'd be up eleventy billion percent. You can talk ifs all you like but that's bullshit when you're looking back at historical charts. You can always make the right decision then.

Quote :

"I'm looking at bargain shopping the market now. Looking at some stocks that are SURE to rebound in the next year or so, and are worth roughly 20% of what they were 3 months ago."

NOTHING is sure to rebound. especially not within the next year.

10/30/2008 9:42:30 PM

Quote :

"Well if you started investing 20 years ago omg omg omg you'd be up eleventy billion percent. You can talk ifs all you like but that's bullshit when you're looking back at historical charts. You can always make the right decision then."

Yeah, but that's exactly what you're doing. If you need the number in exactly 10 years and HAVE to liquidate everything, then yeah sure, your example may apply, but that not the case for most, if not all of us.

10/30/2008 11:19:56 PM

This is why I am trying to average down the ones I have right now while they are so low, so they dont have to recover to pre crash prices but hopefully middle it somewhere so I can get out even and start over fresh or close to it hopefully.

10/31/2008 9:41:34 AM

why not start fresh now if you think there are better investments out there? you should treat every buy independent of the others, IF you were starting fresh instead of "averaging down" would you still purchase this stock or are others out there better buys? average down if you still believe that stock is the best investment out there, otherwise forget averaging down

10/31/2008 11:35:47 AM

Yeah, but if you though a stock was a good deal to buy at $100 then its a great deal to buy at $80. It's not like I'm just buying down to lower my average buy in price.

10/31/2008 12:44:47 PM

missed a huge opportunity with PFG this morning, almost bought it at $15.50 but I got greedy and was waiting for $15 to pull the trigger, now its back up to $17.50 already

10/31/2008 1:02:27 PM

Picked up some ENG today at 4.00

10/31/2008 3:40:42 PM

I'm noticing a strange pattern. Every time I buy a stock it immediately tanks. Everytime I'm about to buy a stock and decide not to, it immediately skyrockets. I'm trying to think of a way to reverse this...

10/31/2008 4:11:05 PM

its cool.

just keep us updated with any purchases you plan to make, or back out of.

10/31/2008 4:19:07 PM

Well the thing is my stocks have tanked so much that averaging most of them down is pretty cheap, the companies I would like to buy into right now are at prices that would require me to pump even more cash into the market and well Ive already got enough in there waiting to come back. I dont really buy less than 100 shares at a time so I can buy into a stock in the 30s still or I can average down several stocks that are at 2 or 3 dollars now. Id rather use the cheap prices to let me heavy average down some of the stocks Im tied up in. I dont see the market having any nice uptrends for the next year or so, so my plan is average down on these big dips here and there and then hope for one of these spikes we have had to get out.

10/31/2008 5:03:42 PM

We understand but you aren't using any logic to support your reasoning. You are using the type of reasoning that degenerate gamblers use rather than investors. And from a tax perspective your methodology is just the plain incorrect way to play the game.

11/1/2008 12:33:46 PM

What's this 100 share mentality that people have? They'll be happy to buy 100 shares of a $10 stock but they wouldn't dream purchasing 2 shares of a $500 stock.

11/1/2008 12:48:05 PM

Ok let me rephrase, I am not averaging down every stock that I own, I am averaging down stocks that I liked at the prices I bought them and like even more at these prices. Stocks that I believe in 2-3 years will be well above where I originally bought them at.

11/1/2008 7:29:05 PM

brk.b ftw, hopefully

11/1/2008 8:43:49 PM

Circuit City to close 155 stores - now would be a good time to bail on their 26cent stocks if you havent already

11/2/2008 2:33:10 PM

^^^then that begs the question of the rest of your portfolio, why did you buy stocks at prices that you did not think would be higher in 2-3 years? and then, why only a 2-3 year time horizon? why not 20 years?

Buffett did not make his billions by buying fairly valued to overvalued stocks and hoping they will rise. you find a good established business, and buy it a steep discount with respect to the long term value of that business. and you only buy stocks that you could hold for a lifetime, not just a couple of years. THAT is the only guarantee of a high return. anything else is not investing, it is speculating.

11/2/2008 3:58:56 PM

Because I was trying to play the market and it just so happened I bought several stocks at the worst possible time and was simply trying to trade them. I was an idiot and didnt have stops set in and then the market tanked and rather than dump at a big loss I hoped the market woudl bounce back and obviously it hasnt. At this point its not worth it to me to sell several of them and I also am not certain they will bounce back so for now I am just holding them until either I decide to cash out at the end of the year for tax purposes or get some sorta news that tells me they may start heading back up. I never said I was the smartest investor ever

11/2/2008 8:23:06 PM

can anyone recommend a list of stocks to keeep on my watch list

currently i watch these:

uaua
sca
fnm
fre
wamuq
aig
rbc
ncc

and more

11/3/2008 1:33:46 PM

I would not buy anything till after the stock market takes a shit post obama victory.

unless you're shorting that is.

[Edited on November 3, 2008 at 1:49 PM. Reason : shorty]

11/3/2008 1:49:26 PM

Quote :

"Yeah, but that's exactly what you're doing. If you need the number in exactly 10 years and HAVE to liquidate everything, then yeah sure, your example may apply, but that not the case for most, if not all of us."

In fact, that is exactly what I'm not doing. What I'm saying is that the stock market could go anywhere from here. This presumption that in 10 years the stock market will have recovered is false. Historically is should but it doesn't have to and other markets have fallen and not recovered.

The other part of this mentality that I don't get is that you guys are just going to park your cash in stocks and leave them there till you retire. You're really willing to take it in the ass for 10 years while you wait for the market to recover (which is might or might not)?

Either way, i'm done with this conversation.

^, I've read that an Obama victory is already priced in so I'm not expecting that but I'm definitely hoping it goes to shit.

11/3/2008 10:32:33 PM

Quote :

"You're really willing to take it in the ass for 10 years while you wait for the market to recover "

Uhhhhh, yeah, pretty much. If I don't need the $ for 30 years, then why not?

11/3/2008 11:59:30 PM

Yeah, it's not a perfect solution, but it's the best thing I've got.


and yeah, I figure an Obama victory is priced in at this point. Not like it's close. I'm going to want to slap the first Obama fanboy who says "Look, Obama got elected and the market didn't fall!"

11/4/2008 6:01:17 AM

Bought in on SWHC yesterday at 2.45 and today some more at 2.80. I don't know what to think though. I have a feeling that the market will be shit tomorrow...

11/4/2008 10:57:27 AM

^ Yeah, I bought into SWHC at $12.28 so you can go fuck yourself.

HOG is at a 10 year low. I might expand my position a bit.

11/4/2008 4:18:08 PM

Quote :

"I'm going to want to slap the first Obama fanboy who says "Look, Obama got elected and the market didn't fall!""

same here

11/4/2008 5:57:56 PM

Well this is the first day in over a week im looking at my account in the red so I guess I get to blame Obama now right?

11/5/2008 9:47:20 AM

Would now not be a pretty good time to get into the steel producers? Off 75% in many cases? If the US decides to embark on some of infrastructure overhaul of any kind, steel will be key in that role.

11/5/2008 9:50:24 AM

Quote :

"Would now not be a pretty good time to get into the steel producers? Off 75% in many cases? If the US decides to embark on some of infrastructure overhaul of any kind, steel will be key in that role."

Let me just ask you this, do you think this world is gonna stop using steel any time soon?

11/5/2008 12:00:15 PM

just know most steel is coming from over seas, china, india, eastern europe

11/5/2008 12:03:50 PM

If I were going to make a move in basic materials I would probably go with AA instead of a steel producer.

11/5/2008 3:27:56 PM

Quote :

"I'm noticing a strange pattern. Every time I buy a stock it immediately tanks. Everytime I'm about to buy a stock and decide not to, it immediately skyrockets. I'm trying to think of a way to reverse this..."

that's why keeping records helps. trends are great to keep track of.

i noticed i was doing that too, compared it when the stocks were about to rise or fall and figured out that my gut feelings were right, just a tad too early/late.

i've gotten much better about it lately. i very rarely experience large losses anymore.

11/5/2008 4:42:44 PM

if you think the market fell today due to the presidential elections - you shouldn't be trading

we are in a bear market, the previous couple of days was nothing but a rally in a bear market

11/5/2008 5:03:58 PM

I know but I like having someone to blame and today it was Obama, tomorrow it will probably be someone else

11/5/2008 5:18:38 PM

I blame Obama for the drop today just because I've been blaming Bush for everything for the past 8 years. I'm ready for a Change

11/5/2008 8:25:33 PM

^ lol

btw, Kramer just said on Donny Deutsch that because of Obama, housing will bottom in 2009 instead of much later... didn't really explain - i don't get it.

Kramer's also making some baller references to Charles Dickens: "The rich people are rich because they work hard, and the poor are poor cause its their own damn fault."

Those of you who still don't get it, take note: You may not like the way the plebeians look, sound, smell, and feel, but if you 'let them eat cake', there will be blood on the street. That is not political commentary, its a historic, almost scientific observation.

...oh dang, now Dylan Ratigan is wylin out about something

11/5/2008 10:37:27 PM

If Jim Kramer were any good at anything to do with stock markets, or markets in general he would still be running his hedge fund and making a helluva lot more money than what TV is paying him.

11/6/2008 9:03:33 AM

I was under the impression he can't run his hedge fund because he got into trouble before with the law and trying to manipulate press releases and such? I remember when you could catch his radio show in the area he disclaimered every day that if he mentioned a stock on the air that he couldn't buy or sell it for like 10 days or something.

11/6/2008 9:22:04 AM

wow i timed the market for once and took profits tuesday. now need to decide to rebuy or short

11/6/2008 11:21:14 AM

short.

i think we're heading back to 7000

[Edited on November 6, 2008 at 11:38 AM. Reason : bought 10 shares of SRS @ $140]

11/6/2008 11:26:29 AM

mmmm, gimee a triple serving of that yummy leverage

long live volatility

http://tinyurl.com/5b7a2x

11/6/2008 11:26:43 AM

doh knew i should have shorted LVS i am sure i still could. that and MGM and WYNN

11/6/2008 12:04:58 PM

I see we're playing the "How Low Can Your Portfolio Go?" game...

11/6/2008 1:32:53 PM

Quote :

"LIBOR = The rate at which banks will still not lend each other money..."

11/6/2008 3:00:59 PM

everyone knows the problems with the stock market were bush's fault until tuesday, but now its entirely obama's fault.

11/6/2008 3:12:45 PM

hehe we know it's always the president's fault good or bad even though it never is

11/6/2008 3:17:56 PM

11/6/2008 3:47:08 PM

Found something about scottrade I dont like finally unless I am just totally missing it. I dont have the option anywhere to choose which lot of shares I want to sell of the ones I have bought. So when I buy some shares at 9 and then 7 and then 4 and it goes back up to 6 and I sell the amount I bought at 4 it instead sells the ones I bought at 9. That works fine this time because those are the ones I would have wanted to sell for tax purposes but in the future thats not gonna be good . I believe I can call them and set it up different that way but cant find any options through the online platform.

Not to mention it really fucks up my gainskeeper as far as what my actual price average is on a stock.

[Edited on November 6, 2008 at 6:01 PM. Reason : .]

11/6/2008 5:59:48 PM