***Official*** 2008 Stock Market Thread

[Ricochet]

Such a great market for new investors. For those contributing to their 401k, now is the time to max out on those contributions.

 

[AmpedSilence]

Originally posted by: ricochet
Such a great market for new investors. For those contributing to their 401k, now is the time to max out on those contributions.

my sentiments exactly, and hey, look at that! I'm one of them!

 

[TruePaige]

Hmm..CPRK is up 43% on me today, and CARN (my beautiful baby stock) is up 17.65%

 

[Miramonti]

Bernanke should get his @ss canned for trying to manipulate the markets.

 

[hiromizu]

Originally posted by: Azurik

Originally posted by: hiromizu
I've been heavy on India which should continue its rise for sometime while hedging against dollar with gold heavy international funds. There's also a certain gold mining company which is on its rise.

This past week can't be good for you.

Panic much? : )

It hurts because it had a huge ~60% gain since I bought much of the shares and now it's down to a dismal ~15% but it's also a relief that it's cooling down which gives me the opportunity to buy more since I've been wanting to buy more.

 

[Carbo]

It's days like today that reaffirm my decision not to play the market. Too volatile, too time consuming, too many factors outside of my control for my comfort level. Then I look at the DJIA up 6.4% for '07, and I'm quite happy with my real estate investments, and the 12% return on my cash.
Good luck, boys. I'll be watching from the sidelines.

 

[TruePaige]

A lot of flux today..I don't have much cash left to play with, and I can't express-fund non-approved securities...so I'm stuck...=)

Not a bad turn though

 

[Eug]

Picked up some stock this morning.

Bargoon.

 

[TruePaige]

Holy crap, CARN is 32.5% for the day! =D

Edit: 20.59, haha I'm enjoying the market today..flux is fun...highs are so high..lows are...not horrible =p

 

[Agentbolt]

Originally posted by: vrbaba
NOOOOOOOOOOO

THIS IS MADNESS!

THIS...IS....A SMALL MARKET CORRECTION IN THE GRAND SCHEME OF THINGS!!!

 

[Miramonti]

Originally posted by: Carbo
It's days like today that reaffirm my decision not to play the market. Too volatile, too time consuming, too many factors outside of my control for my comfort level. Then I look at the DJIA up 6.4% for '07, and I'm quite happy with my real estate investments, and the 12% return on my cash.
Good luck, boys. I'll be watching from the sidelines.

I thought you had made 12% already as of a week ago...is that 12% your anticipated annualized return?

 

[Josh]

Originally posted by: vrbaba
NOOOOOOOOOOO

THIS IS MADNESS!

Madness...? THIS... IS... WALL STREETTTT!!!!!!!

 

[SoulAssassin]

Looking at a 5-figure loss YTD. I'm going to be curled up in a ball in the corner if anyone needs me.

 

[Carbo]

Originally posted by: jjsole

Originally posted by: Carbo
It's days like today that reaffirm my decision not to play the market. Too volatile, too time consuming, too many factors outside of my control for my comfort level. Then I look at the DJIA up 6.4% for '07, and I'm quite happy with my real estate investments, and the 12% return on my cash.
Good luck, boys. I'll be watching from the sidelines.

I thought you had made 12% already as of a week ago...is that 12% your anticipated annualized return?

jj, 12% is the return on my cash investment.
For example, I provide the funding for another investor to buy a house. Let's say $125K. If it is a one year term we agree to, the mortgage is refinanced within that time frame and I receive my principal back, plus $15K earned interest. It's 12% simple interest of the amount loaned.

 

[Carbo]

Originally posted by: SoulAssassin
Looking at a 5-figure loss YTD. I'm going to be curled up in a ball in the corner if anyone needs me.

This is why Jack Daniels was created. Go buy yourself a jug, get a straw, and ride it out.

 

[Engineer]

Originally posted by: SoulAssassin
Looking at a 5-figure loss YTD. I'm going to be curled up in a ball in the corner if anyone needs me.

5 zeros or 5 total figures. I've had well over 5 figures for some time now into the new year. If you talking over 100k though....ouch.

 

[TruePaige]

Originally posted by: Engineer

Originally posted by: SoulAssassin
Looking at a 5-figure loss YTD. I'm going to be curled up in a ball in the corner if anyone needs me.

5 zeros or 5 total figures. I've had well over 5 figures for some time now into the new year. If you talking over 100k though....ouch.

100,000 is 6 figures....

 

[Eug]

Originally posted by: SoulAssassin
Looking at a 5-figure loss YTD. I'm going to be curled up in a ball in the corner if anyone needs me.

Consider yourself lucky that you have a large enough portfolio so that a percentage loss means 5 figures.

That's probably a bigger stock portfolio than the average American (sadly enough).

Originally posted by: Carbo
This is why Jack Daniels was created. Go buy yourself a jug, get a straw, and ride it out.

You drink JD with a straw?

 

[Carbo]

Originally posted by: Eug

Originally posted by: Carbo
This is why Jack Daniels was created. Go buy yourself a jug, get a straw, and ride it out.

You drink JD with a straw?

Only during sex or when I'm stressed.

 

[Miramonti]

Originally posted by: Carbo
jj, 12% is the return on my cash investment.
For example, I provide the funding for an another investor to buy a house. Let's say $125K. If it is a one year term we agree to, the mortgage is refinanced within that time frame and I receive my principal back, plus $15K earned interest. It's 12% simple interest of the amount loaned.

Gotcha.


And now for something completely different....my motherboard died friday night, so saturday/sunday I drove a total of 1k miles to phoenix Fry's and back, just to get a replacement mobo and be able to trade the markets without missing any days. Dang glad I did. :thumbsup:

I piss on all you who have a Fry's near you tho. :frown:

 

[Eug]

Originally posted by: Eug
Picked up some stock this morning.

Bargoon.

ARGGGHH! :frown:

I bought some Apple stock today, considering they were 25% down from where they were just a little while ago. Despite the fact that this quarter they had their best quarterly sales in history and they were way above analysts' sales expectations, AAPL dropped 11% in after hours trading.

I guess they didn't like the tepid guidance for the next quarter, and the less than stellar iPod sales growth.

I expect/hope for a bounce tomorrow though.


Apple Shares Go Sour

Apple (AAPL - Cramer's Take - Stockpickr) blew past expectations for the first quarter but guided Wall Street lower with a weak second-quarter forecast.

Shares of Apple plunged more than 11% in after-hours trading to $137.65 - a four-month low.

Excluding charges, Apple posted a first-quarter profit was $1.58 billion, or $1.76 a share, compared with profit of $1 billion, or $1.14 a share the year-before.

Originally posted by: jjsole
And now for something completely different....my motherboard died friday night, so saturday/sunday I drove a total of 1k miles to phoenix Fry's and back, just to get a replacement mobo and be able to trade the markets without missing any days. Dang glad I did. :thumbsup:

I piss on all you who have a Fry's near you tho. :frown:

??!?! Why not just visit an internet cafe or something?

 

[OS]

on the other side of that, i'm pissed i sold all my QID.

 

[Miramonti]

Originally posted by: Eug

Originally posted by: Eug
Picked up some stock this morning.

Bargoon.

ARGGGHH! :frown:

I bought some Apple stock today, considering they were 25% down from where they were just a little while ago. Despite the fact that this quarter they had their best quarterly sales in history and they were way above analysts' sales expectations, AAPL dropped 11% in after hours trading.

I guess they didn't like the tepid guidance for the next quarter, and the less than stellar iPod sales growth.

I expect/hope for a bounce tomorrow though.


Apple Shares Go Sour

Apple (AAPL - Cramer's Take - Stockpickr) blew past expectations for the first quarter but guided Wall Street lower with a weak second-quarter forecast.

Shares of Apple plunged more than 11% in after-hours trading to $137.65 - a four-month low.

Excluding charges, Apple posted a first-quarter profit was $1.58 billion, or $1.76 a share, compared with profit of $1 billion, or $1.14 a share the year-before.

Originally posted by: jjsole
And now for something completely different....my motherboard died friday night, so saturday/sunday I drove a total of 1k miles to phoenix Fry's and back, just to get a replacement mobo and be able to trade the markets without missing any days. Dang glad I did. :thumbsup:

I piss on all you who have a Fry's near you tho. :frown:

??!?! Why not just visit an internet cafe or something?

Ouch, seems like just yesterday it was around $200. :Q


Reg. the trip, I can't trust someone else's computer and internet speed/latency, and need multiple monitors with a tight res. etc. I also use a huge ramdisk for my programs. It was a fun ride nonetheless...got to visit a friend of the wifey's who she hadn't seen for years.

 

[thirtythree]

Here's a bizarre thing I found...

DEO has a P/E of 16.9 but if you look at its historical P/Es the annual averages are in the hundreds. Is this an error?

 

[ponyo]

It was a fun day and I finally scored on Citi. We got our easy trade of the year and now it gets harder. My thoughts are we're going to test the lows seen this morning but it'll hold and we get a tradeable bounce. I fully expect the ultimate destination to be lot lower than today's low though.

The .75 rate cut wasn't a surprise. It was little late though. Ben should have announced the cut Friday morning and many were expecting and hoping it then including myself. It would've been the optimal time to do it before option expiration.

The four horsemen are really taking a beating as they should. Performance anxiety funds walked up these names during the year end to pad their numbers so it should come as no surprise these are getting hammered as rats jump ship. It's interesting to note how BIDU bounced off $240 support like clockwork. I see Google pulling a BIDU now it broke $600 support. Apple should join the other horsemen after tonight and settle in the low $120 range.