LOL I’m actually seeing a lot of green on my streaming ticker thing. :wtf:
So the dow is up 100 points from open. :eyebrow:
:drama2:
LOL
LOL
My last short position QID covered this morning! Long positions make me want to cry right now lol 
This is PRIME buying right now. Especially for people that can go long 2-3 years. The market(past recessions) has shown to recover to pre downturn figures rather quick so % wise off something like this morning you should be able to see a conservative return of 60%+ over 24ish months on a pure long position. I typically am a trader. With a market this low I become an investor.
YES!!!
So lets pretend I’ve got 100 shares of NCC. Bought em a couple of weeks ago at, I don’t know, whatever the price was a couple of weeks ago.
Then I read this news:
What do I do?
Here is what I would say. Right now I would not own anything I am not comfortable owning for the next 12 months minimum. More importantly I would almost for no reason be selling stocks in a sub 8500 DOW to go to CASH but if I really think the stock is a bust I would move it elsewhere. But dude really its a couple hundred $ lol shit hold it for a few years for the off chance that it goes to like 25$ hahaha
in a nutshell, word.
:eyebrow: What about the whole “NCC is getting purchased and will no longer exist shortly” thing?
So if you are concerned then move teh money to something else. Right now is one of the easiest money making situations you will ever see stock wise. Problem is people play it wrong, they go for what they think is just going to go up 10000000% TODAY!!! NO! Right now people should buy proven companies with proven business models that have just followed the market lower. TGT, GE, AKS, ETC ETC also ETF’s are a great thing to buy for investors not familiar with the market but have $ they dont need for some time. Hell Im even using ETF’s
Fry is looking for penny stocks.
Well, sub $5 maybe.
hard to find value in that arena, other then GM & F perhaps. (1st two to come to mind).
Gotcha. Just wanted to make sure I understood what happens when you own stock in a company that gets bought by another company.
:tif: Just wanted to know if there’s something I should or shouldn’t be doing that I’m ignorant to with this NCC thing.
I actually just bought 4 (ballin) shares of Praxair at $52. Our stock tends to move pretty tightly with the market, but long term we’ll do well. We do almost everything in cash so the credit crunch isn’t directly a problem for us, only our customers. Considering we have projects booking into 2010 right now, $52 seems like a good buy for the long term.
:pimp:
Good time to buy into these two since it can’t get much lower.
I bought some GM stock, why not. Taking a bath on it a bit now, but it’ll go back up.
Can’t get myself to buy any Ford stock though 
lol
I’m willing to bet that both Ford and GM will prove to be a good investment, although I’m not a stock analyst so who knows.
That would be a sad day to see GM and/or Ford close their doors
The fact that the market is holding its own today instead of a huge panic is a HUGE sign btw for the people who arent sure how a market bottom works. As we all know anything can happen but a market typically likes to revisit its bottom double or triple and with a huge panic sell like this morning to happen and then tread above the hopefully market bottom is kinda a big deal and will bring in a bunch of $$$ Now lets see where we close though.
Very probably that they will be a good investment but I sure as hell wouldnt buy them lol. Many other great values out there that are much more stable.
Like?
LOL dont ask me my portfolio is blood red. But really anything still profitable and stable trading under 10:1 p/e is basically going to be a win. Especially something with a nice dividend. To be honest most people who are not very involved should look into good mutual funds and ETF’s they should be a great value during a recovery.
the FNM/FRE roller coaster has started again.
I’m sitting here until I get out of this crap pot once and for all…
Annnnd I’m out. Fuck you shit balls.
That is what I get from going away from my long standing principles… I don’t care if it goes to $3 today.
I invested a bunch in oil just short of opec cutting production…it’s way up today. It seems to pretty much do the inverse of the financials so that’s usually good for hedging, not to mention in case oil goes back up i’ll be covered.