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Official Let's Make Some Money Off Stocks Thread

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Old 11-14-2008, 08:18 AM
  #1621  

 
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I was down 16% at the end of Sept, but Oct was another story! Now down about 30%. I'm still lying low as far as putting any serious money in the market right now. I kept the monthly allotment to my investment company, but it's not major. My major investment in the past 1.5 years has been in remodeling the kitchen and guest bath in my condo. That will pay off big time where I am located. And I get the benefit of living in a nicer place while it does.
Old 11-14-2008, 10:27 AM
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The market is out of control! The only thing that could explain bouncing this far off the daily low is shorts covering before the big G20 meeting this weekend.
Old 11-14-2008, 11:15 AM
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Originally Posted by AZDavid,Nov 14 2008, 02:27 PM
The market is out of control! The only thing that could explain bouncing this far off the daily low is shorts covering before the big G20 meeting this weekend.
We had a 900 point swing yesterday. What's so special about a 500 point swing today? There have been lots of them in the last month in fact. It's a cheap rollercoaster with the wheels only loosely screwed on.
Old 11-14-2008, 11:48 AM
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This market still a big ass nasty Rollercoaster ride!
Old 11-17-2008, 01:15 PM
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This forum isn't as busy as last year when everyone was making money.
Old 11-17-2008, 01:22 PM
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That's because this market operates strictly off emotions. There is no way to make any decisions using fundamental analysis, that has gone by the wayside. Hedge funds and insiders can swing the market at will.

Scary times...
Old 11-17-2008, 01:34 PM
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There'd be a lot more postings if this weren't the "MAKE SOME MONEY off stocks" thread

I have been posting up a storm in the "wait for the turn around" thread...
Old 11-17-2008, 04:00 PM
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I said we should have a "Let's Lose our @ss" thread. But seriously, my action is slowed WAY down. There's a time to be conservative. I'd brag about my AAPL buy at $90 but, um, even that is under water right now...
Old 11-17-2008, 07:14 PM
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does anyone know about investing on the Dow Jones average? i dont even know if this is something you can do, its just something my dad is saying he has heard about. Basically instead of buying stocks on a particular company you buy in at whatever the entire Dow average is and if that average goes up or down is how you make or lose money.
Old 11-17-2008, 08:26 PM
  #1630  
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Originally Posted by Clutch.,Nov 17 2008, 08:14 PM
does anyone know about investing on the Dow Jones average? i dont even know if this is something you can do, its just something my dad is saying he has heard about. Basically instead of buying stocks on a particular company you buy in at whatever the entire Dow average is and if that average goes up or down is how you make or lose money.
DDM = Long Dow
DXD = Short Dow


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