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Dow Drops almpost 400 pts today

J

justint

Banned
Since President Bush made his corporate reform speech two weeks ago the Dow Jones has dropped almost a thousand points. Any opinions on this latest fall? Time to buy, sell, hold fast?? just curious.
 
Aint no way in hell am i selling... It will go back up..... eventually..... 😱
 
Buy. The stock market will only go up if people buy. The more people that sell, the more it will go down.
 
haha, well u realize... that you cant buy from nobody.. and you cant sell to nobody.. whenenver someone buys, someone sells.. and vice versa 😉

but i catch yer drift..im thinkin of ploppin some money in right now 😛
 
I think it's gonna keep on going down for a while. More companies are going to be under the gun to get their numbers straight before anything productive happens.
 
it'll bounce back unless war breaks out somewhere or an earthquake hits taiwan or other major technological area or something.
 
Originally posted by: aphexII
Aint no way in hell am i selling... It will go back up..... eventually..... 😱
Click to expand...

I agree, I just bought some Intel a bit ago, and before that Oracle, I'm planning on the long term route and expecting it to see it still go down in the short term. Hopefully things will look better in 6 months, but haven't the analyst been saying that every 6 monts for the past 1 1/2 years?
 
Originally posted by: NFS4
Man, this fuggin' sucks. How low can you go???
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I don't wanna find out.

My 401k is really taking a beating but at least I don't check it daily like I used to.

<--- youngin' in it for the long haul, let's hope this is merely a speed bump and the Dow will skyrocket back up to 11,000 eventually 😀
 
I am just waiting for a sign that it has hit bottom, then I am going to BUY! 🙂

You can see the earnings are getting pretty good... once ppl look pass those accounting issues it will go back up...
 
Originally posted by: BCYL
I am just waiting for a sign that it has hit bottom, then I am going to BUY! 🙂

You can see the earnings are getting pretty good... once ppl look pass those accounting issues it will go back up...
Click to expand...

you can buy a few now and buy more later if it still drops...dollar cost average it and you got a good retirement fund when everything gets stable (eventually 🙂)
 
Originally posted by: RossMAN
Originally posted by: NFS4
Man, this fuggin' sucks. How low can you go???
Click to expand...

I don't wanna find out.

My 401k is really taking a beating but at least I don't check it daily like I used to.

<--- youngin' in it for the long haul, let's hope this is merely a speed bump and the Dow will skyrocket back up to 11,000 eventually 😀
Click to expand...

Rossman, why do you care if the Dow will skyrocket? If you are as young as you imply, you want it to tank, then you can continue to buy stocks at low levels. Then as you close in on retirement is when you cross your fingers and pray that it skyrockets.

Now that's how we wish it would work, but we all know that this stuff runs in cycles and will probably be up and down a couple of times before your retire.

You young guys with 401Ks or 403Bs need to stop worrying. Retirement accounts are for retirement, not day to day investing.
 
The markets should be at these levels. It just looks like a train wreck because equities were so overvalued. That having been said, it still sucks.
 
Time to buy, sell, hold fast??
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As always, it depends on what you're looking to buy and/or sell. I grabbed some L.M. Ericsson (ERICY) today for $1.27/share, and plan on holding onto it for a veryyyyyyyyyyyy long time. The best advice i can give is that if you are thinking about going long in this market, simply don't invest any amount of money you can't afford to take a total loss on, and keep your expectations modest.
 
It's times like these that I imagine that I am Braveheart and horsemen are coming at me, and I am looking at my men with the spears and yelling
"Hold!, Hold!, Hold!" 😀
I do have a very active imagination. 🙂 But I am holding right now.
Too late to sell, too early to buy more. Maybe a little buy here and there.
 
OMFG, Sprint PCS is crap. Never ever ever buy Sprint stock.

<-Bought 7,000 shares @ $7.99, now its @ $4.86 :|
 
We may be near the end of the fallout now since some stocks are looking like bargains. We won't see 11,000 for many, many years, though.
 
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