Dow Drops 200 pts.

[ponyo]

This isn't pain. We're not even bleeding yet.

I've plenty of dry powder left. Used some to buy Mr. Softie.

I'm still expecting recession next year.

 

[dandruff]

Originally posted by: jjsole
Weeks like this are the reason I avoid investing. 🙁

However weeks like this are the reason I daytrade. 🙂

ditto ... but my investing side isnt looking pretty 🙁

 

[Reckoner]

My Roth IRA has taken a beating this week 🙁


My employer offers a simple IRA program (I do the Roth outside of the company). They offer a 3% match on the Simple IRA which is handled through Wachovia. Would it be wise to take part in both a Roth IRA and Simple IRA?

 

[Deleted member 4644]

I wasn't in the market. I have a pre-funded brokerage account standing by to dive in when it hits bottom, however. 😉

 

[daveymark]

went short on the mini dow, that was about it. ended up breaking even anyway

 

[dmcowen674]

5-17-2006 Dow Plummets 214, Nasdaq Declines 33

The Dow Jones industrial average suffered its biggest one-day loss in three years, and the Nasdaq composite index turned negative for 2006.

The Dow sank 214.28, or 1.88 percent, to 11,205.61, a one-month low. The Dow slid as much as 245.51 points earlier and logged its biggest single-session slide since falling 307 points on March 24, 2003.

 

[datalink7]

Originally posted by: dmcowen674
5-17-2006 Dow Plummets 214, Nasdaq Declines 33

The Dow Jones industrial average suffered its biggest one-day loss in three years, and the Nasdaq composite index turned negative for 2006.

The Dow sank 214.28, or 1.88 percent, to 11,205.61, a one-month low. The Dow slid as much as 245.51 points earlier and logged its biggest single-session slide since falling 307 points on March 24, 2003.

Who let you out of P&N? :|

 

[Legend]

Originally posted by: datalink7

Originally posted by: dmcowen674
5-17-2006 Dow Plummets 214, Nasdaq Declines 33

The Dow Jones industrial average suffered its biggest one-day loss in three years, and the Nasdaq composite index turned negative for 2006.

The Dow sank 214.28, or 1.88 percent, to 11,205.61, a one-month low. The Dow slid as much as 245.51 points earlier and logged its biggest single-session slide since falling 307 points on March 24, 2003.

Who let you out of P&N? :|

Partisan mud slinging seems to be more important to him than the health of our nation.

 

[SampSon]

No need to be alarmed.

 

[dmcowen674]

Originally posted by: SampSon
No need to be alarmed.

Main Headline News right now on NBC Nightly News. :laugh:

Many large Corporations such as DOW (Trash bags etc) announce large increase in prices to pass on fuel costs and interest rise prices on to Consumers.

 

[HeroOfPellinor]

Originally posted by: dmcowen674

Originally posted by: SampSon
No need to be alarmed.

Main Headline News right now on NBC Nightly News. :laugh:

Many large Corporations such as DOW (Trash bags etc) announce large increase in prices to pass on fuel costs and interest rise prices on to Consumers.

I see you're still finding glee in the possibility that others lives could be as miserable and pathetic as yours.

Here's a suggesiton. Get your damn life together. Stop blaming George W Bush or Jesus or your mental/moral shortcomings.

 

[SampSon]

Originally posted by: dmcowen674

Originally posted by: SampSon
No need to be alarmed.

Main Headline News right now on NBC Nightly News. :laugh:

Many large Corporations such as DOW (Trash bags etc) announce large increase in prices to pass on fuel costs and interest rise prices on to Consumers.

At least the headlines arn't about some celebrity breaking a nail.

It's a good thing that energy costs are one of the largest factors driving the inflation. It's not blanketing across the economy in many different areas.
The threat of higher interest rates is also driving a small dip in the market, nothing major and nothing to be majorly concerned about.

 

[gotsmack]

I lost 6k on IPSU, and when I say lost I mean lost. I sold out at 28.xx and bough in at 34.xx so don't feel bad. This is the most money I have ever lost in 1 week.

Hopefully the mastercard IPO next week will bring me back.

 

[JS80]

Originally posted by: gotsmack
I lost 6k on IPSU, and when I say lost I mean lost. I sold out at 28.xx and bough in at 34.xx so don't feel bad. This is the most money I have ever lost in 1 week.

Hopefully the masyetcard IPO next week will bring me back.

man you have ballz to buy a stock that just went up to 34 from 11.

are you getting in at the IPO price or are you going to buy the mstrcrd stock first day of trade?

 

[IHateMyJob2004]

Market crapped.

I'm down 1.28% today.

Not great, but not nearly as bad as the major indices.

Yesterday when the market tanked, I also did better than all the major indices.

I'm long term though ... I could care less.... this is just a buying opportunity.

 

[IHateMyJob2004]

Originally posted by: sunzt
Where can I find advice about when to short a stock or fund I own?

Go read up on valuation.

Technical analyssi is a load of crap. Valuation is all that matters.

 

[IHateMyJob2004]

Have REITS?!?!?

If so, you might want to consider dumping them unless you want only the yield for quite some time.

 

[Engineer]

Time to buy more. Cheaper stocks FTW! 😀

Buy...buy...buy. It will come back, it always does! 😀

 

[Nikamichi]

Originally posted by: Feldenak

Originally posted by: dmcowen674

Originally posted by: MrLee
I know I did. Over half of my stock is down more than 10pts. Not that it won't level back out, but things were going really well before today and bam.

Just a quick text, you can probably find better elsewhere.

Topic Title: Dow Drops 200 pts.
Topic Summary: Who lost crazy money today?

Good :thumbsup: :laugh:

You're nothing but a pimple on the ass of humanity...no great threat, but Goddamn you are annoying once noticed.

Oh damn, that is sig material.

😀

 

[gotsmack]

Originally posted by: JS80

Originally posted by: gotsmack
I lost 6k on IPSU, and when I say lost I mean lost. I sold out at 28.xx and bough in at 34.xx so don't feel bad. This is the most money I have ever lost in 1 week.

Hopefully the masyetcard IPO next week will bring me back.

man you have ballz to buy a stock that just went up to 34 from 11.

are you getting in at the IPO price or are you going to buy the mstrcrd stock first day of trade?

I was up a point for like 2 days. Then the earnings report came out that said profits and margins were up but sales volume was down from last quarter. it went downhill from there. was originally going to hold for the dividend but decided to cut my losses. glad I did, saved myself from losing another point.

You want to know what the real kicker is? I sold out of PEIX at 33.XX to get in on sugar because I was betting the earnings report for IPSU was going to be great. PEIX then went to shoot up to like $43.

I'm getting in opening day, you need the right connections and 100k+ in cash to get in on IPOs.

Burger king IPOs tomorrow ticker BKC. I'm not going to go near that though, because I think BK food is crap.

 

[Legend]

Originally posted by: Engineer
Time to buy more. Cheaper stocks FTW! 😀

Buy...buy...buy. It will come back, it always does! 😀

It hasn't gone down that much has it?

I'm thinking about buying some Vanguard Strategic Small Cap Equity, but I'm afraid small-cap stock's recent boom in 2003-4 would have me buying high.

 

[Legend]

Lol, it got me today. Wellington went down 1.5%...

 

[Miramonti]

Originally posted by: Legend

Originally posted by: Engineer
Time to buy more. Cheaper stocks FTW! 😀

Buy...buy...buy. It will come back, it always does! 😀

It hasn't gone down that much has it?

I'm thinking about buying some Vanguard Strategic Small Cap Equity, but I'm afraid small-cap stock's recent boom in 2003-4 would have me buying high.

I don't think its gone down that much either, and would hope for it to go further and create more chaos before looking at this as a significant buying opportunity.

 

[dr150]

Originally posted by: MrLee
I know I did. Over half of my stock is down more than 10pts. Not that it won't level back out, but things were going really well before today and bam.

Just a quick text, you can probably find better elsewhere.

Consensus is that the market is oversold due to interest rate inflation concerns.

Now is the time to buy if you want to invest.

Consensus is also that the Street is mid to long term bullish.

As long as you leave the money in and don't look at it for several years, you'll do well.