I'm going back into the stock market on Tuesday. Big money to be made.

[Nick Gromicko]

Who's day tradin' with me?

[Michael Larson]

Originally Posted by gromicko

Who's day tradin' with me?

I don't day trade but I did by some stock today for companies I already own. I couldn't ignore their low P/E and their extensive cash on hand any longer.

It was an opportunity to add to a 3-5 hold and at bargain prices.

Will it work?

Maybe not in the short term but it will be sweet in the mid to long term.

[Nick Gromicko]

Some company's stock is now selling for less than the cash they have in their bank.

Irrational.

[Dominic J. Maricic]

I've been buying stock all week! It's crazy not to. Many stocks are down 90% from a year ago. How can you ignore the fact that they'll eventually get back up?

[Steven C. Waskewicz]

Atta way, announce this all over the world, and the fear and panic will subside,
and we'll all be rising in the boat.

"a rising tide floats all boats..."

thanks guys.

[Marcel R. Cyr]

Mutual fund statement came in today, lost thousands of dollars again for this quarter, and you guys are telling me to buy more!

Marcel

[mnahrgang]

Originally Posted by mcyr

Mutual fund statement came in today, lost thousands of dollars again for this quarter, and you guys are telling me to buy more!

Marcel

You bet! Ever heard of a sale. If all my money wasn't tied up in mutual funds already, you could bet I'd be buying more if I could. Remember, the best way to make money in the stock market is to buy low, and sell high. Now its low, and it's time to buy.

[Dominic J. Maricic]

That's how it goes Marcel! You average down your stocks so they balance out and you make your money back faster.

[Marcel R. Cyr]

Originally Posted by mnahrgang

You bet! Ever heard of a sale. If all my money wasn't tied up in mutual funds already, you could bet I'd be buying more if I could. Remember, the best way to make money in the stock market is to buy low, and sell high. Now its low, and it's time to buy.

Hey Mark, thanks for the tip.

Now could you lend me 10 grand so I can buy some more on Tuesday?

Marcel

[mnahrgang]

Originally Posted by mcyr

Hey Mark, thanks for the tip.

Now could you lend me 10 grand so I can buy some more on Tuesday?

Marcel

LOL... I could, but I'd have to sell to do it.

[Nick Gromicko]

I haven't been in the market in 21 years and I'm going back in for the first time on Tues morning. See ya there!

[gbeaumont]

Originally Posted by mnahrgang

You bet! Ever heard of a sale. If all my money wasn't tied up in mutual funds already, you could bet I'd be buying more if I could. Remember, the best way to make money in the stock market is to buy low, and sell high. Now its low, and it's time to buy.

Mark, if you had bought at the "low" of 10,000 (DJIA) ypu would have been 15-20% down as of today, of course if you bought at 9:30 this morning 780 (DJIA) you'd be 9% up.

2 questions

1. What is low
2. Do you feel lucky punk, well do ya

Interesting fact of the day, exactly 1 year ago today the DJIA was over 14,000, is American business realy worth 60% of last Octobers valuation?

Regards

Gerry

[Vince Santos]

So what's good? Say a fella has 5k or so to throw at stocks. What would you recommend he buy?

[gbeaumont]

Originally Posted by vsantos

So what's good? Say a fella has 5k or so to throw at stocks. What would you recommend he buy?

Unless he has a real strong stomache, I'd recommend a position in diapers

Cause the current market conditions are going to be "TWITCHY"

Regards

Gerry

[Dominic J. Maricic]

Depends on if you're looking long term or not. Tech stocks like Microsoft, Apple have lost over 100% in the last month or two. I'm buying lots of Fannie Mae and Freddie Mac. I don't think the government would ever let them sink and right now they're $1 a share. Last week they were 25 cents a share