***Official*** 2008 Stock Market Thread

[her209]

VMW stock is down almost 30% in after-hours trading.

OUCH!!!11one

 

[her209]

Feds will be meeting, yeah?

 

[her209]

VMW down over 30% this morning.

 

[thirtythree]

Originally posted by: her209
VMW down over 30% this morning.

What's going on with VMware?

EDIT: And yes, the fed is meeting today and tomorrow.

 

[imported_Lothar]

Not much of a surprise.
VMWare seems to be another over-hyped tech stock.

 

[Cuda1447]

From what I've read the target for VMW is around $29. So they are still to high right now.

 

[Azurik]

Originally posted by: thirtythree

Originally posted by: her209
VMW down over 30% this morning.

What's going on with VMware?

EDIT: And yes, the fed is meeting today and tomorrow.

Can the freakin' market have a natural crash already? Enough of this plugging the cracked dam with bubble gum, Ben. It's time to use fresh concrete and permanently fix the issue.

I guess it's too much to ask for NO rate cut tomorrow.

 

[imported_Lothar]

He better not cut interest rates tomorrow.
I want the market to tank.

/hopes there aren't any old people who browses the forums :shifty eyes:

 

[hiromizu]

Originally posted by: Azurik

Originally posted by: thirtythree

Originally posted by: her209
VMW down over 30% this morning.

What's going on with VMware?

EDIT: And yes, the fed is meeting today and tomorrow.

Can the freakin' market have a natural crash already? Enough of this plugging the cracked dam with bubble gum, Ben. It's time to use fresh concrete and permanently fix the issue.

I guess it's too much to ask for NO rate cut tomorrow.

Eventually that's going to have to happen.

 

[blipblop]

yea, i don't want any more intrusions on this pending market crash. Just let things go naturally...

 

[TruePaige]

I want a rate cut so I can dump my stock, all this uncertainty is causing me to not make any money. =/

I'm in it for the short - term man! I don't want to ride this out. =p

 

[Azurik]

Originally posted by: hiromizu

Originally posted by: Azurik

Originally posted by: thirtythree

Originally posted by: her209
VMW down over 30% this morning.

What's going on with VMware?

EDIT: And yes, the fed is meeting today and tomorrow.

Can the freakin' market have a natural crash already? Enough of this plugging the cracked dam with bubble gum, Ben. It's time to use fresh concrete and permanently fix the issue.

I guess it's too much to ask for NO rate cut tomorrow.

Eventually that's going to have to happen.

Jeez... how unexpected. You dropped the rates 1.25% in less than 2 weeks - I believe that's the first time in history.

 

[Ricochet]

Man, did I really got hurt off of VMW. Incidently, Etrade eleviated a good portion of that loss today. Doing trades of ETFC has been my saving grace during this whole market downturn. I would have bled dried otherwise.

 

[hiromizu]

Originally posted by: Azurik

Originally posted by: hiromizu

Originally posted by: Azurik

Originally posted by: thirtythree

Originally posted by: her209
VMW down over 30% this morning.

What's going on with VMware?

EDIT: And yes, the fed is meeting today and tomorrow.

Can the freakin' market have a natural crash already? Enough of this plugging the cracked dam with bubble gum, Ben. It's time to use fresh concrete and permanently fix the issue.

I guess it's too much to ask for NO rate cut tomorrow.

Eventually that's going to have to happen.

Jeez... how unexpected. You dropped the rates 1.25% in less than 2 weeks - I believe that's the first time in history.

Ouch..however I still believe that we'll see dramatic declines again.

 

[Mermaidman]

I'm a n00b, so would someone tell me if the trading activity and stock price of GM between 2:30 and 3:00 PM mean anything? Why such a sudden fluctuation down and up? Here:
http://finance.yahoo.com/q/bc?s=GM&t=1d

 

[AnonymouseUser]

Originally posted by: Mermaidman
I'm a n00b, so would someone tell me if the trading activity and stock price of GM between 2:30 and 3:00 PM mean anything? Why such a sudden fluctuation down and up? Here:
http://finance.yahoo.com/q/bc?s=GM&t=1d

One or more large block holders were selling heavily into the strength of the rally. I'm surprised they took the price back down to the opening price, but not surprised someone is dumping.

 

[IHateMyJob2004]

Anyone here do DCFs? If so, go look at JNJ and SHW! The two that pop out of my head as undervalued right now. And heck, take your pick from the better financials like USB and WFC.

 

[imported_Lothar]

Originally posted by: IHateMyJob2004
Anyone here do DCFs? If so, go look at JNJ and SHW! The two that pop out of my head as undervalued right now. And heck, take your pick from the better financials like USB and WFC.

Yes.
I'm seeing excellent valuation in JNJ.

 

[her209]

What happened to the DJIA after 3PM today?

 

[AnonymouseUser]

Originally posted by: her209
What happened to the DJIA after 3PM today?

The market's retreat roughly coincided with a hedge fund's letter to regulators that bond insurers face much bigger losses. The bond insurance industry has gotten whacked in the past few months, thanks to losses accrued from guarantees they sold on mortgage-related securities.

 

[PremiumG]

anyone looking to get in on VMW?

 

[Ricochet]

As someone who already own VMW and hurting, I cannot recommend this to anyone. VMW reported increased profits a couple days ago but did not meet Wall Street's lofty expectations. In turn stock price tumbled over 30% in one day. It may look like an attractive price but investors confidence is nowhere near that of its IPO. Look for increased competition from the likes of Oracle, HP, and Microsoft.

If you're going to get in, don't stay in for long. Analysts have downgraded price target to $60.

 

[richardycc]

here is my 'documentation' this week, bought MBRK at $2.98. trade with me, you might get rich too!

 

[Azurik]

I'm honest in my huge gains and losesses, so here's my update. I'm down about $2.5K on CPNE right now, it just took a major dump these past couple days and took out the gains I had on the stock with it.

I'm still in regardless, as what I know of the company hasn't changed. Lets see what their earnings report says.

 

[GuitarDaddy]

I'm in for grins