Does it burn yet? Looks like my WM call yesterday is looking ok. Some of the stocks I have been picking up at such redic prices I don’t even think I am going to play the trade on a few. Maybe the day has come that I will actually hold onto stocks and not just mutual funds.
I sold at 4.72 when it started free falling this afternoon, enough to make me $500 after trade fees. Good thing, it actually got down to 3.80 at one point. I have a conditional order to buy back if it opens up below $4. The rest of my stuff actually did really well today, made another $300 off of my portfolio. :tup:
As you already know I have been mostly sidelined the last month but im going to be pushing a bunch back in over the next two weeks. I plan to pick up some LEH probably. I also plan to pick up like 750-1000 shares of FRE because of how cheap it is and the off chance of the next pres deciding something wacky and it rebounds to 7-10 a share or some shit.
biggest drop since 9/11 today…anyone get pwned? I actually made $2.22 :lol:
After I got hit pretty bad with Sirius, I’ve been staying on the side line til now. Not intended to get in anytime soon. In the meanwhile…i will let my wound heal LOL.
Joe
No dead cat bounce with LEH ??
I played the DCB with it the first day it crashed. Made $500 after fees on a 4k investment and got out. I’m not touching it with a 10 ft pole right now.
SIRI buttfucked me too
Fwiw… I can illustrate a whole life insurance with an internal rate return of 6%+ and up… oh yea… when structured properly… its tax free on withdrawal… oh yea… theres also a death benefit thats GUARANTEED to beat any return on any other vehicle. (thats tax free also)
All you have to be is healthy enough to go through underwriting.
I would wait unitl later in the week to go long. Alot of panic and fear in the market right now. Oil is still on the down trend which is good for the market. Looking for no rate cut by the the Fed. Large cap dividend stocks (non-finacial) are looking good. WMT, MCD, PFE, XOM etc. I would rather have it this way quick and short than a slow downtrend. USD/YEN/EUR/CAD still hold for my year end projection. Gold the same. Have fun and wait until after the election.
Cash is King!
KK
Im going to be going long on a few things in the next few days. Yesterday wasnt horrible for me but I did still have most of my cash sidelined and with other investments. Good luck guys.
http://www.nyspeed.com/forums/showthread.php?t=57482
FYI… btw, my 401k is obviously down, as I JUST started contributing, but my CWL is up. :woot:
my 401k has lost its ass over the last 12 months but i’m still buying. Monday was a bit tough but there are some opportunities out there right now for cheap stock.
I’m going to keep investing because in the long run i’ll make out like an animal
Next time I get it there would you please use lube:tantrum::tantrum::tantrum::tantrum::tantrum::tantrum:
Just picked up a bunch of VMW and FRE. Trying to figure out a few more picks I want to go long on. Anything looking good to you guys? Health care? Railroads? MAYBE one more financial but no more gambles only something looking stable.
I’m really a bit scared to say the least about making any moves right now. I must have checked my stuff at least 3 times today and each time I end up giving my monitor the middle finger
Yea it sure hurts but times like right now are when you can really get into stocks that will see huge returns over a recovery period. Yea shit is going to hurt hell I look at my portfolio and it want to cry but I would say that I really feel I am poised to make out really well over the next few years…I hope.
So what im saying is I wouldn’t invest money that I would possibly need in the near future.
there’s no point in checking it 3 times a day and stressing out. If your in it for the long term you’ll be just fine because a while from now you’ll be talking about how much money you’ve made.
Anyway I can hold you to that:lol::lol: I’m such a DUMBASS for not getting out when it was much much higher, but, such is life.
Wow the market is showing its nerves today. I would and am betting big on oversell conditions right now being forced in by all of the turmoil. God I see some great moves but just like everyone else and part of the reason we are seeing this I am timid to even go for it. I love MS and GS right now as a quick trade. I hate to see people seeking shelter in metals and oil again but it had to be expected under the current conditions. Anyone moving money in right now?
money in for me 