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

[Michael Larson]

Originally Posted by dmaricic

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?

Be careful. Stocks down 90% are for a reason.

For example:

GM is down over 95% from it's high in 2000 and it's P/E is around 8 but that doesn't mean it's a good buy.

To many other factors that might make it go to "zero"

[Nick Gromicko]

It's going straight up on Tuesday folks, and remember where you heard it.

[Mark Nahrgang]

Low is when it has gone down, and high is when it is on an up. Now we are in a downward sweep, so it is an all round good time to buy (assuming you have cash to buy it with.)

"Buy low, sell high" isn't rocket science...

The rocket science is figuring out when those times are.

For example, last week I lost over 15 large, in one day (on paper.) Now if I sell now, I have lost that. If I hold, it will go back up and I will be even, or better. If I had cash on hand to buy more today, I would actually save 15 large over what those same stocks would have cost me a week ago. So today, those same stocks are much cheaper than they were a while ago, and are "on sale."

When you buy stocks (or in my case mutual funds), don't think of it as a savings account that's balance goes up and down. Think of it as buying a widget. If that widget has a larger value than what it costs, or it has a good potential of gaining a larger value in the future, buy it now. If you think you've made a fairly good return on that widget, then sell it for a profit, before it looses its value for some reason.

You don't want to sell your house for less than you paid for it. So you don't (generally.) Likewise do the same thing with the businesses you buy. Buy because they are a deal, or because they have a good potential for profit. Once you have gained a reasonable profit from them, sell them.

[Mark Nahrgang]

Originally Posted by mlarson

Be careful. Stocks down 90% are for a reason.

For example:

GM is down over 95% from it's high in 2000 and it's P/E is around 8 but that doesn't mean it's a good buy.

To many other factors that might make it go to "zero"

That's why it's a good idea to diversify... I personally really like mutual funds. They are easy to understand, and remove a lot of the risk you would otherwise take by buying individual stocks.

[Dominic J. Maricic]

Originally Posted by mlarson

Be careful. Stocks down 90% are for a reason.

For example:

GM is down over 95% from it's high in 2000 and it's P/E is around 8 but that doesn't mean it's a good buy.

To many other factors that might make it go to "zero"

Some stocks are down 90% for a reason. Others are just down because everyone freaked out and is selling like mad. The work is in finding which those are!

[Michael Roberson]

It's going straight up on Tuesday folks, and remember where you heard it.

I agree there is a strong possibility.... I think allot of people will hesitate till the elections are over.... and it will take time, but it will go back up. The dollar overall is going up right now, making anything bought on the global market cheaper here. (I.E. Gas) $3.07 today here. Vince, if you dont know what your buying, dont do it. I leave my mutual fund alone, havnt touched it in years, currently im down 25-30% overall, it would be foolish to cash it now.

[Michael Larson]

Originally Posted by dmaricic

Some stocks are down 90% for a reason. Others are just down because everyone freaked out and is selling like mad. The work is in finding which those are!

And with that I can heartily argree

Learn how to read a balance sheet and find out all you can before you buy a stock.

Mark is right, individual stocks are risky. A mix of asset types is less so. But realize the market has risk.

Decide how much of your assets you want to put at the higher risk level.

Remember all the day traders that were around in the 90s?
There is a reason they're gone and it's not because they bought an island in the Pacific.

[Gerry Beaumont]

Originally Posted by gromicko

It's going straight up on Tuesday folks, and remember where you heard it.

It will be very interesting to see how the Asian and European markets fare on Monday, Asia really needs to come up 6-7% off last nights losses, if they don't Tuesday will be a blood bath.

Ooops nearly forgot, remember where you read this

Regards

Gerry

[Michael Larson]

Originally Posted by gbeaumont

It will be very interesting to see how the Asian and European markets fare on Monday, Asia really needs to come up 6-7% off last nights losses, if they don't Tuesday will be a blood bath.

Regards

Gerry

I think Japan is closed on Monday. National Health day or something like that.

Second Monday of October (national holiday)
Health and Sports Day (taiiku no hi):

[Gerry Beaumont]

Originally Posted by mlarson

I think Japan is closed on Monday. National Health day or something like that.

Second Monday of October (national holiday)
Health and Sports Day (taiiku no hi):

Ah Ok that explains why they run around wearing face masks, I always wondered

Regards

Gerry

[Nick Gromicko]

Dollar cost averaging is for schmucks. Makes no sense. I'm either in or out. I waited 21 years for this coming Tuesday.

[Michael Larson]

Originally Posted by gromicko

Dollar cost averaging is for schmucks. Makes no sense. I'm either in or out. I waited 21 years for this coming Tuesday.

Some prefer to get rich slowly.

Others prefer Las Vegas.

I prefer to sleep at night.