The Stock Market Is Killing Me Today!

[Kipper is King]

Man, I wish I had money to invest in the stock market just so I could talk like this!

[RougeUnderoos]

Originally Posted by DuffMan

down - mon, tues, wed, thurs.
up - thurs.

next week will be better.

Or it could be worse.

I think that's all anyone really knows. It could get better, it could get worse.

[iggypop]

Down 1.21% today. Virtually that is!
I'm not a baller with real money to invest. Virtual is a good time though. Hopefully I can start learning the market this way.

[dre]

Originally Posted by MoneyGuy

If you're typical on this site, you'll be in your 20s or 30s. If so, why the heck do you care what the market does in one day? It's totally irrelevant for your long-term money. Crap, man, I don't get it. I'm roughly the age of the parents of most of the posters around here and I don't care. In fact, I'm buying. I've been in this business for a long time and this is one thing I've will never understand.

I. Don't. Get. It.

This isn't meant as a slam so please don't take that out of my comments. I hear this all too often and it makes no sense to me.

I care because I day trade. I just thought some people would contribute some interesting stories or ideas about the business, that is all.

[MJK]

I think we will see the dow hit 9000 or lower...Slava I won't be waiting until the new year to spend my cash but I will be watching closely and I have prices set for the stocks I want. I think several of them will hit my price points.

[Slava]

Originally Posted by MJK

I think we will see the dow hit 9000 or lower...Slava I won't be waiting until the new year to spend my cash but I will be watching closely and I have prices set for the stocks I want. I think several of them will hit my price points.

If you want some research on the companies you're targetting let me know. I forgot to sign up for the hockey pool that you were running so the least I could do is try to help you make some money! I would prefer to do this by PM.

[DuffMan]

Originally Posted by DuffMan

down - mon, tues, wed, thurs.
up - thurs.

next week will be better.

dead wrong so far.

[Pastiche]

Market Corrections at work.

[I-Hate-Hulse]

RIM getting pounded today, down to $59.xx. I don't agree with the CIT analyst that downgraded them on the basis of competition from Motorola's Android. Ultimately I don't expect the hit to be as bad as he's citing right now.

[dre]

Originally Posted by DuffMan

dead wrong so far.

lol....I was hoping for a better start. Maybe a last minute surge for profit.

[bluejays]

Originally Posted by I-Hate-Hulse

RIM getting pounded today, down to $59.xx. I don't agree with the CIT analyst that downgraded them on the basis of competition from Motorola's Android. Ultimately I don't expect the hit to be as bad as he's citing right now.

Is that the reason this thing has dropped so badly today? One thing about RIM is that they're really being innovative at all. They're really not being all that creative with their products and after awhile, it'll kill their brand. You can really trust product loyalty so long before others come out with really different things, and especially in the tech industry, you become a chaser. RIM has a really good product with their keyboards and push system, but after you get past that, personally I find their OS irritating, and the trackball 18th century. They just gotta change in the consumer market, and that's what's scary about holding their stock - their refusal to change.

[MoneyGuy]

Originally Posted by dre

I care because I day trade. I just thought some people would contribute some interesting stories or ideas about the business, that is all.

Okay, do you not think that the corrections represent opportunities for you then?

[dre]

Originally Posted by MoneyGuy

Okay, do you not think that the corrections represent opportunities for you then?

Working on my timing. Friday happened to be a bad day for that.
I think there is an opportunity to do something everyday the market is open.

[3 Justin 3]

Originally Posted by Kipper is King

Man, I wish I had money to invest in the stock market just so I could talk like this!

I've got money but I have no knowledge on where to put it. So off to bestbuy I go!

[Mad Mel]

I'm purely a short to mid-term speculative investor, so a 10% drop doesn't even make me pucker slightly. Actually, that's pretty much what mine are down over the last week, but I got a plan, man. Market bumps always happen, they don't affect my targets.

[Phanuthier]

Originally Posted by Kipper is King

Man, I wish I had money to invest in the stock market just so I could talk like this!

I don't know about that. I have almost everything in the stock market, and I do follow how stocks do day to day, but I make a trade maybe once a month. For the most part, I don't day-trade. One day, the DOW goes up 200 pts, the next it goes down 200 pts... at the end of the week, net sum is zero.

Slava et al, I am open to recommendations of whats a good buy (and whats your reasoning?) for a long term investor. For me right now, I like Toyota, Husky and Potash. (BTW Slava, did you ever get that newsletter up? I'd be interesting in seeing it)

[Phanuthier]

Originally Posted by fleury

Is that the reason this thing has dropped so badly today? One thing about RIM is that they're really being innovative at all. They're really not being all that creative with their products and after awhile, it'll kill their brand. You can really trust product loyalty so long before others come out with really different things, and especially in the tech industry, you become a chaser. RIM has a really good product with their keyboards and push system, but after you get past that, personally I find their OS irritating, and the trackball 18th century. They just gotta change in the consumer market, and that's what's scary about holding their stock - their refusal to change.

I think for any sort of tech industry that makes consumer goods (RIM, Apple notably) its so easy for someone to come across with some shiny new feature to knock them off their pedestal. (Sorry FanIn80) There really doesn't seem to be that much that gives them that big of an advantage other IMO. I don't touch RIM and Apple for that reason. Now Intel, OTOH... you won't see anyone other than AMD giving them a run. Especially with so many reports from various VC's and their blogs/news/rumours that they just don't fund startups in ICs anymore, even WiMax and the other hot IC's out there. To me, to put money into tech, the competitive advantage is what IP's you have to protect you for the next 20-50 years, and not marketshare that holds you the next 20-50 days.

Inside of who I watch as far as tech goes, Intel, Nvidia, Cisco and TI are pretty solid for the next few decades as far as buys go. Maxim, Intersil, Linear Technologies, Analog Devices, Applied Materials, Xilinx, Motorola are a pretty sure bet to stay competitive with the IPs they have... not sure if they are priced right for it. National Semi has a lot of IP too, but I don't know if I'd invest in them myself. I waiver on IBM, it always seems a little overrated to me for just business software.

[Slava]

Originally Posted by Phanuthier

I don't know about that. I have almost everything in the stock market, and I do follow how stocks do day to day, but I make a trade maybe once a month. For the most part, I don't day-trade. One day, the DOW goes up 200 pts, the next it goes down 200 pts... at the end of the week, net sum is zero.

Slava et al, I am open to recommendations of whats a good buy (and whats your reasoning?) for a long term investor. For me right now, I like Toyota, Husky and Potash. (BTW Slava, did you ever get that newsletter up? I'd be interesting in seeing it)

I have the newsletter up and running and I will put you on the list.

I don't post my buys here though, sorry. I suppose I could give some opinion on stocks that are mentioned and have thought about it. My style compared to most of the posters here just seems drastically different though; I consider long-term to be 10 years plus, whereas some of these posters trying to time the markets and trade daily or trade based on the look of the charts makes no sense to me whatsoever. You've seen me speak and we've talked a bunch of times though, so you know what kinds of businesses turn my crank and really they are generally pretty boring by most standards.

Don't get me wrong though; I need these kinds of investors to be prevalent! I think its awesome as without them constantly buying and selling and causing prices to fluctuate out of the mean is what gives me some great opportunities!

[Cowboy89]

Originally Posted by Slava

I have the newsletter up and running and I will put you on the list.

I don't post my buys here though, sorry. I suppose I could give some opinion on stocks that are mentioned and have thought about it. My style compared to most of the posters here just seems drastically different though; I consider long-term to be 10 years plus, whereas some of these posters trying to time the markets and trade daily or trade based on the look of the charts makes no sense to me whatsoever. You've seen me speak and we've talked a bunch of times though, so you know what kinds of businesses turn my crank and really they are generally pretty boring by most standards.

Don't get me wrong though; I need these kinds of investors to be prevalent! I think its awesome as without them constantly buying and selling and causing prices to fluctuate out of the mean is what gives me some great opportunities!

Do I need to be a client of yours to recieve your newsletter or is that for general consumption? I too, am one of those boring 10 year plus timeline guys.

[Pastiche]

I want a newsletter.