Guest deadheadmike Posted January 20, 2010 Report Share Posted January 20, 2010 just took it in the keister on a few , 1 in particular ... am I the only one ??? Link to comment Share on other sites More sharing options...
Forum MVP found Posted January 20, 2010 Forum MVP Report Share Posted January 20, 2010 You're not the only one in the good ole U.S. of A... Link to comment Share on other sites More sharing options...
Forum MVP New York Steve Posted January 20, 2010 Forum MVP Report Share Posted January 20, 2010 just took it in the keister on a few , 1 in particular ... am I the only one ??? NO, your not....my ass has been hurting for the last 24 hours....rough 24 hours Link to comment Share on other sites More sharing options...
Forum MVP anddave Posted January 20, 2010 Forum MVP Report Share Posted January 20, 2010 what are you day traders or nervous nellies? relax and enjoy this instead Link to comment Share on other sites More sharing options...
Guest deadheadmike Posted January 20, 2010 Report Share Posted January 20, 2010 NO, your not....my ass has been hurting for the last 24 hours....rough 24 hours your not kiddin rough 24 ... anything past even , I'm OUT and not lookin back ... a point would be nice though . Link to comment Share on other sites More sharing options...
Forum MVP chuckvegas Posted January 20, 2010 Forum MVP Report Share Posted January 20, 2010 what are you day traders or nervous nellies?relax and enjoy this instead What goes down will go up, but in some sectors it will be a long haul. Time isn't on everyone's side. Now, let's talk about house values... Link to comment Share on other sites More sharing options...
Forum MVP nwnj steve Posted January 20, 2010 Forum MVP Report Share Posted January 20, 2010 NO, your not....my ass has been hurting for the last 24 hours....rough 24 hours it only hurt if you sold.or bought more at the close yesterday ,there was a .60 gain on that today ,you made some of it back.a 45% gain in one day ain't bad.Deadhead Mike told me once n.y.s. when you think you can't handle it no more ,its time to buy ,& when you wanna buy ,its too late .Ain't that true Mike? Link to comment Share on other sites More sharing options...
Guest deadheadmike Posted January 20, 2010 Report Share Posted January 20, 2010 it only hurt if you sold.or bought more at the close yesterday ,there was a .60 gain on that today ,you made some of it back.a 45% gain in one day ain't bad.Deadhead Mike told me once n.y.s. when you think you can't handle it no more ,its time to buy ,& when you wanna buy ,its too late .Ain't that true Mike? very true ... and you have to be able to hold on to your guts , but daaaaaaamn that was painful !!! Link to comment Share on other sites More sharing options...
Forum MVP New York Steve Posted January 21, 2010 Forum MVP Report Share Posted January 21, 2010 it only hurt if you sold.or bought more at the close yesterday ,there was a .60 gain on that today ,you made some of it back.a 45% gain in one day ain't bad.Deadhead Mike told me once n.y.s. when you think you can't handle it no more ,its time to buy ,& when you wanna buy ,its too late .Ain't that true Mike? sounds like coke to me.... Link to comment Share on other sites More sharing options...
Guest deadheadmike Posted January 21, 2010 Report Share Posted January 21, 2010 sounds like coke to me.... crack Link to comment Share on other sites More sharing options...
Guest jazz-man Posted January 21, 2010 Report Share Posted January 21, 2010 Last year when I was getting my slim little 401k bitch slapped I took my $$ outta the market because I was loosing 25% in value per year. And that's not coming back. And I put it into short term money market. I was only getting 2% or so but I had my first positive quarterly statement in 2 years or more. I am no financial whiz but I did get in the black. This might not be a good long term stategy but it works for now. Link to comment Share on other sites More sharing options...
Forum MVP bs69 Posted January 21, 2010 Forum MVP Report Share Posted January 21, 2010 Last year when I was getting my slim little 401k bitch slapped I took my $$ outta the market because I was loosing 25% in value per year. And that's not coming back. And I put it into short term money market. I was only getting 2% or so but I had my first positive quarterly statement in 2 years or more. I am no financial whiz but I did get in the black. This might not be a good long term stategy but it works for now. Not a good idea unless you are nearing retirement and need to protect what you have. Yesterday was not good, but like someone else said, I am not selling so it doesn't hurt yet. Link to comment Share on other sites More sharing options...
Forum MVP anddave Posted January 21, 2010 Forum MVP Report Share Posted January 21, 2010 Remember market sentiment is a contrary indicator. Link to comment Share on other sites More sharing options...
Rusty the Scoob Posted January 21, 2010 Report Share Posted January 21, 2010 Last year when I was getting my slim little 401k bitch slapped I took my $$ outta the market because I was loosing 25% in value per year. And that's not coming back. And I put it into short term money market. I was only getting 2% or so but I had my first positive quarterly statement in 2 years or more. I am no financial whiz but I did get in the black. This might not be a good long term stategy but it works for now. Sorry, man, but I think that strategy is terrible. Both my 401k and some small mutual funds that I own gained around 45% in 2009. Sure, they're not quite back to where they were before the crisis, but I'm really glad I rode the rebound. Link to comment Share on other sites More sharing options...
BigDad Posted January 21, 2010 Report Share Posted January 21, 2010 Sorry, man, but I think that strategy is terrible. Both my 401k and some small mutual funds that I own gained around 45% in 2009. Sure, they're not quite back to where they were before the crisis, but I'm really glad I rode the rebound. Yup - back in March I started contributing heavily to my 401(k) feeling that the recovery would give me maybe 4 years' growth in the next year. Those investments have done well. Link to comment Share on other sites More sharing options...
Brian NJ Posted January 21, 2010 Report Share Posted January 21, 2010 The market is a gamble. I did very well years ago then made a couple stupid moves. Lucent will never recoup to their $80.00 per share range. I had to sell at about $3.00 ps about 10 years ago. Link to comment Share on other sites More sharing options...
Guest jazz-man Posted January 21, 2010 Report Share Posted January 21, 2010 Between me and Fidelity running my fund we never came close to 45% gains! I guess I need to re-evaluate the whole thing again. Link to comment Share on other sites More sharing options...
Guest deadheadmike Posted January 22, 2010 Report Share Posted January 22, 2010 and the pain continues ... the bright side is that buying opportunities are being created . Link to comment Share on other sites More sharing options...
Forum MVP chuckvegas Posted January 22, 2010 Forum MVP Report Share Posted January 22, 2010 When portfolios go down, down for you, it hurts me too... Link to comment Share on other sites More sharing options...
Guest deadheadmike Posted January 22, 2010 Report Share Posted January 22, 2010 When portfolios go down, down for you, it hurts me too... ... Link to comment Share on other sites More sharing options...
NJJohn Posted January 23, 2010 Report Share Posted January 23, 2010 So way back when the S&L crisis hit, I had a 401k aqnd lost a lot of money really quickly. I did not like that feeling and began researching other ways to invest for my retirement. I continued to put money in my 401k up to what my company would match, but took the rest and began buying gold. I've been buying gold, mMapleleafs, Eagles ever since. Now back then gold was relativly cheep compared to today. So yes, I did miss out on the.com rise and fall of the 90's. I also in the mid 90's bought some land in Costa Rica which I have Teak trees growing. This was a 50K initial investment and if there are no big storms in the next 7 years, I will have a upper 6 figure or 7 fighure crop. I plan on replanting 1/2 my field and build a house down there in the next 10 years. My friends father worked at Goldman for a long time and took a 100,000,000 million buyout when he left before they went public. He told me one evening over some really good single malt and a nice Cuban cigar that the stock market is rigged and that most people who trade stocks will eventually get wiped out. I just don't have the stones to trade stock after that conversation. The one thing I do occasionally do is when I feel the market is overbought, I buy QQQQ puts. I bought some last week and I riding them down. Good luck. Link to comment Share on other sites More sharing options...
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