Stock market

JOEJOEJOE
JOEJOEJOE Posts: 10,822
edited February 2007 in A Moving Train
Damn, today the correction has begun!

I am tempted to buy some calls in case there is a quick recovery!
Post edited by Unknown User on
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Comments

  • know1
    know1 Posts: 6,801
    It's days like these when I try not to look at my mutual funds for awhile! I agree though, if you have some money to throw at it, the next week or so would be the time.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    There is a formerly-profitable gambling equipment company called Shuffle Master....they made the mistake of announcing that their earnings are off.....20% decline on stock price!
  • present address
    present address Posts: 72
    how big of a correction will happen i think will be answered when we see if this wave keeps going around the world for more that just today.... i hope it keeps going... i would love to put more in under 10k again....
  • jlew24asu
    jlew24asu Posts: 10,118
    wow what a day. I am up huge. I should have retired today. I'm so stupid. saw this coming a million miles away
  • sweet adeline
    sweet adeline Posts: 2,191
    insanity. close the markets asap please.
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    jlew24asu wrote:
    wow what a day. I am up huge. I should have retired today. I'm so stupid. saw this coming a million miles away

    did you buy some PUTS yesterday?
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    present address wrote:
    how big of a correction will happen i think will be answered when we see if this wave keeps going around the world for more that just today.... i hope it keeps going... i would love to put more in under 10k again....

    hopefully those on the sidelines who thought everything was overpriced will come to our rescue and start buying now that everything is on sale!

    Nobody panic...don't sell...we can ride this out!
    :)

    Damn, I am glad I didn't spend the money to go to Hawaii in December!
    (j/k, Sweet Ad!)
  • sweet adeline
    sweet adeline Posts: 2,191
    JOEJOEJOE wrote:
    Damn, I am glad I didn't spend the money to go to Hawaii in December!
    (j/k, Sweet Ad!)

    haha, very funny. it was worth every penny!

    luckily my building is only 1 story, so even if i jump off the ledge, i'll probably survive ;)
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    sweet adeline wrote:
    haha, very funny. it was worth every penny!

    luckily my building is only 1 story, so even if i jump off the ledge, i'll probably survive ;)

    Cool, as long as no doctors come at ya with long syringes!
  • jlew24asu
    jlew24asu Posts: 10,118
    JOEJOEJOE wrote:
    did you buy some PUTS yesterday?

    no I trade dow futures. I was short but actually made money on the way up after that nose dive at 2pm
  • Abuskedti
    Abuskedti Posts: 1,917
    I'm suprized we don't see more posts on this. The stock market likely draws the greatest amount of propaganda with the US federal politicans being the only one close.

    Its interesting to see the lobbyists comming out with articles designed at swaying public opinion - those that are heavy in the market - and wishing to stay - encouraging all to be patient and not to sell - and highlighting all the signs that the longterm outlook is good

    while those that have pulled out or otherwise heavier in cash... highlighting all the negatives in hopes of further losses - bringing greater new opportunities...

    The investing public as easily led along as the voting public...

    ah what a funny country we live in.
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    Abuskedti wrote:
    I'm suprized we don't see more posts on this. The stock market likely draws the greatest amount of propaganda with the US federal politicans being the only one close.

    Its interesting to see the lobbyists comming out with articles designed at swaying public opinion - those that are heavy in the market - and wishing to stay - encouraging all to be patient and not to sell - and highlighting all the signs that the longterm outlook is good

    while those that have pulled out or otherwise heavier in cash... highlighting all the negatives in hopes of further losses - bringing greater new opportunities...

    The investing public as easily led along as the voting public...

    ah what a funny country we live in.

    my guess is that many of the members of this board invest their dough in posters instead of equities!
    :)
  • jeffbr
    jeffbr Seattle Posts: 7,177
    As some analyst said, it is time for Greenspan to go play golf and quit flapping his lips. He makes an offhand comment and Hong Kong goes nuts. I'm betting that the correction is short lived. A 3.5% correction is big news, but it will bounce back. Anyone who bails from fear at this point definitely realizes a loss. If you are an investor rather than a trader, ride it out. Things will turn back around. You don't lose (or gain) until you sell.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • DinghyDog
    DinghyDog Posts: 587
    edited November 2012
    -
    Post edited by DinghyDog on
  • jlew24asu
    jlew24asu Posts: 10,118
    DinghyDog wrote:
    real men buy'em and hold'em.

    you mean pussies who are afraid to take on a little risk buy 'em and hold 'em.
  • lamperti77
    lamperti77 Posts: 365
    "Buy! Buy! Buy! Oh wait, everyone's buying?! Then, Sell! Sell! Sell!"
    I'll scream my lungs out...'til I fill this thread!
  • jeffbr
    jeffbr Seattle Posts: 7,177
    jlew24asu wrote:
    you mean pussies who are afraid to take on a little risk buy 'em and hold 'em.

    Investors buy and hold. Investors buy on sound fundamentals and a belief that things will continue to work for a company. These people make sound financial decisions based on understanding of the company and their place in their particular industry.

    Traders play the moves. The company's fundamentals may or may not matter, but their potential for movement up or down based on their sector, or anticipated announcements, or chart trends create opportunity for the quick flip or short-term gain. This is where the notion of gambling on the market comes in.

    To call one or the other a pussy seems to me to not understand the role that both play. Over the long term, however, if one makes a sound investment, one is better off buying and holding.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • jlew24asu
    jlew24asu Posts: 10,118
    jeffbr wrote:
    Investors buy and hold. Investors buy on sound fundamentals and a belief that things will continue to work for a company. These people make sound financial decisions based on understanding of the company and their place in their particular industry.

    Traders play the moves. The company's fundamentals may or may not matter, but their potential for movement up or down based on their sector, or anticipated announcements, or chart trends create opportunity for the quick flip or short-term gain. This is where the notion of gambling on the market comes in.

    To call one or the other a pussy seems to me to not understand the role that both play. Over the long term, however, if one makes a sound investment, one is better off buying and holding.


    yea I know. I was just fuckin around. I found the "real men" comment funny
  • DinghyDog
    DinghyDog Posts: 587
    edited November 2012
    -
    Post edited by DinghyDog on
  • DinghyDog
    DinghyDog Posts: 587
    edited November 2012
    -
    Post edited by DinghyDog on

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