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Stock market...

Lasthitlarry

Lasthitlarry

Senior member
Ok, has anyone seen the DOW go down like 900 points this week? IT went down 191 IN ONE DAY! What the heck is going on?

Oh well, hopefully it will go back up sometime.
 
Originally posted by: Lasthitlarry
Ok, has anyone seen the DOW go down like 900 points this week? IT went down 191 IN ONE DAY! What the heck is going on?

Oh well, hopefully it will go back up sometime.
Click to expand...

The doom of the American Economy is near...
 
Still is *NOTHING* compared to Black Monday on October 19, 1987. People were jumping out of windows on that one. Drop? 508 points in a day! It would have to drop > 2000 points today to match that.
 
I lost 8% this week alone. Overall, I'm down 20% since the beginning of the year. What's even stranger, on any given day one of my stokes would go up like 2-3%, while the others tank. This is insane.
 
Its because of the problems with GM and Ford. you have to realize how big those 2 companies are within the actual stock market.

MIKE
 
YA, a good time to buy General Motors. All my stocks went down except my one drug stock which went up. Watched Mad Money, and Kramer said the Fed has really been the key factor, also companies like Harley Davidson have just been goin DOWN. Oh well, whenever Sirius starts gettin in the double digits, I will be making a killing.
 
Bad economy outlook and bad big companies earnings....i lost more then $50 this week

....broke previous support
 
Originally posted by: Darthvoy
Originally posted by: Lasthitlarry
Ok, has anyone seen the DOW go down like 900 points this week? IT went down 191 IN ONE DAY! What the heck is going on?

Oh well, hopefully it will go back up sometime.
Click to expand...

The doom of the American Economy is near...
Click to expand...

You stole dmcowen674's line.
 
It's a bad week... and I havent seen any reason for it other than "well, it started going down... so it's lets just keep it going down!"
 
damn bush, he sucks at being president, he cant do crap with the economy its going down hill like nothing else. ever since the "war" started it sucks ass.

/cpa

MIKE
 
Originally posted by: Sex Smurf
Everyone have their stop losses in to retain their profits (or minimalize their losses)?
Click to expand...

What if everyone has those stop losses. Then when one is triggered, that person would sell, causing the price to drop lower, causing another stop loss to be triggered, etc....weee Black Monday
 
Originally posted by: AmbitV
Originally posted by: Sex Smurf
Everyone have their stop losses in to retain their profits (or minimalize their losses)?
Click to expand...

What if everyone has those stop losses. Then when one is triggered, that person would sell, causing the price to drop lower, causing another stop loss to be triggered, etc....weee Black Monday
Click to expand...

At least you'l be losing less money than the next guy.
 
Originally posted by: Sex Smurf
Originally posted by: AmbitV
Originally posted by: Sex Smurf
Everyone have their stop losses in to retain their profits (or minimalize their losses)?
Click to expand...

What if everyone has those stop losses. Then when one is triggered, that person would sell, causing the price to drop lower, causing another stop loss to be triggered, etc....weee Black Monday
Click to expand...

At least you'll be losing less money than the next guy.
Click to expand...
But it's like a pyramid scheme in that respect, you have no clue where you are in the chain. You may very well be the last guy.
 
Originally posted by: Lonyo
IBM went down too.
Click to expand...

IBM reported lower than expected earnings and all their competition seems to suffer just as much. Yesterday in after hours trading lots of tech stocks dropped over 5%!
 
Originally posted by: Sex Smurf
Everyone have their stop losses in to retain their profits (or minimalize their losses)?
Click to expand...
Stop loss=sell when the prices is low. What part about selling low is included in "buy low, sell high"?

Be carefull of stop loss orders.

Now if your stop loss if over the price you paid for it, by all means...
 
Originally posted by: ViRGE
Originally posted by: Sex Smurf
Originally posted by: AmbitV
Originally posted by: Sex Smurf
Everyone have their stop losses in to retain their profits (or minimalize their losses)?
Click to expand...

What if everyone has those stop losses. Then when one is triggered, that person would sell, causing the price to drop lower, causing another stop loss to be triggered, etc....weee Black Monday
Click to expand...

At least you'll be losing less money than the next guy.
Click to expand...
But it's like a pyramid scheme in that respect, you have no clue where you are in the chain. You may very well be the last guy.
Click to expand...


HOLD HOLD HOLD!!!!

In reality, it's about the best solid rock defense you can get, as far as I know right now, with my very limited knowledge.

Although once, a stock I was holding went up around 9.5 dollars, dipped and triggered my stop loss by 3 cents and then rose another 11 dollars!

But, I still slide stop losses under the investments I can't watch with an iron eye. It's like a seatbelt in a car, I don't use them often, but I wear em all the time, because when I do need em, I don't want to be the guy caught sleeping and end up in my windshield.... wait... what?
 
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