Official Let's Make Some Money Off Stocks Thread
#1071
Originally Posted by jerrypeterson,Sep 17 2008, 04:34 PM
The market is off 20% for the year and it sounds like people are going to start jumping out of windows. Unreal.
#1073
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I've been in and out of the SKF everyday with good % gains here and there but definitely no where near enough to prop my portfolio up at all.
Any investors from the tech bubble? How does this compare?
I was only paper trading back in those days...
Any investors from the tech bubble? How does this compare?
I was only paper trading back in those days...
#1075
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Originally Posted by ExOdy,Sep 18 2008, 12:13 AM
I've been in and out of the SKF everyday with good % gains here and there but definitely no where near enough to prop my portfolio up at all.
Any investors from the tech bubble? How does this compare?
I was only paper trading back in those days...
Any investors from the tech bubble? How does this compare?
I was only paper trading back in those days...
What we are watching today looks like the collapse of the only industry that the USA is still completely dominant in: investment banking. This is not a US credit crisis. This is now a global credit crisis.
Andrew
#1077
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Every time I think something is a fantastic buy, it moves lower. At this point, I'm hanging on to what little cash isn't already invested in losers, and waiting for a serious sign that this thing has turned around. That could be tomorrow or it could be 10 years. I have no idea.
#1078
As far as when to get back into the stock market, does anyone here read James B. Stewart's column in the Wall Street Journal. He writes a column every Wednesday, I try to read it when ever possible. Unlike many other columnist he gets very specific as to what he's buying/selling and call/put options to hedge his bets. He has very strict buy/sell discipline based on the Nasdaq index, ie, buy when the index is down 10% and sell when it's up 20-25%. In yesterday's column his next buy signal is when Nasdaq is down to 2050.
I have already started a little buying in my Roth IRA account. Maybe it's a little early but it's impossible to call when it's the bottom.
I have already started a little buying in my Roth IRA account. Maybe it's a little early but it's impossible to call when it's the bottom.
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Originally Posted by mister_two,Sep 18 2008, 10:23 AM
I have already started a little buying in my Roth IRA account. Maybe it's a little early but it's impossible to call when it's the bottom.
#1080
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Today is an excellent day to start picking up some stocks. There are plenty of bargains to choose from. I'd remember however that the market is still risky and can turn on you so don't bet the farm. Getting greedy is more likely to hurt you then help you.
You can short gold to help pay for it.
My preference would be to buy some severely beaten down names, I like RIMM and AAPL in tech, transocean, first solar. Stay away from banks. To top it I'd be selling calls in GLD or the gold futures calls (if you can trade those).
Those are my picks for the day.
Overall much of the baking risk has stabilized. There will still be problems and still be turmoil but the new look of the banking sector I think now offers some level of stability. Much of the overhang has been reduced.
You can short gold to help pay for it.
My preference would be to buy some severely beaten down names, I like RIMM and AAPL in tech, transocean, first solar. Stay away from banks. To top it I'd be selling calls in GLD or the gold futures calls (if you can trade those).
Those are my picks for the day.
Overall much of the baking risk has stabilized. There will still be problems and still be turmoil but the new look of the banking sector I think now offers some level of stability. Much of the overhang has been reduced.