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UFCK! I lost $950.

Banana

Banana

Diamond Member
Upon advice of ... someone, I bought a chunk of shares of DRXR. The stock is tanking and I've lost more than $900 so far. I dunno whether to sell or hang on. My other stocks are sucking too, but not this badly! Stupid economy, stupid war, and yeah-stupid me 😛

DRXR makes optical memory cards for security purposes and sells mainly to governments.
 
Originally posted by: 1YellowPeril
Upon advice of ... someone, I bought a chunk of shares of DRXR. The stock is tanking and I've lost more than $900 so far. I dunno whether to sell or hang on. My other stocks are sucking too, but not this badly! Stupid economy, stupid war, and yeah-stupid me 😛

DRXR makes optical memory cards for security purposes and sells mainly to governments.
Click to expand...

Buy some more and make a killing 😛
 
Originally posted by: 1YellowPeril
Upon advice of ... someone, I bought a chunk of shares of DRXR. The stock is tanking and I've lost more than $900 so far. I dunno whether to sell or hang on. My other stocks are sucking too, but not this badly! Stupid economy, stupid war, and yeah-stupid me 😛

DRXR makes optical memory cards for security purposes and sells mainly to governments.
Click to expand...

Depends on what is the reason for the stock tanking? Is it because something is very wrong with the company? If so, selling might be a good solution. If the stock is flactuating with the market or the company simply had a bad quarter, hanging on might be a good solution.

My rule is to never buy/sell a stock because of what others are doing/telling you to do. You should always act based on what YOU think going to happen to the company. That forces you to research prior to buying stock.
 
Buy some more and make a killing
Click to expand...
My avatar may be a courageous snail, but I'm really a chicken at heart.

isn't the security card/security field a direct result of the war/terrorism?
Click to expand...
Terrorism-Yes; War-No. In my opinion anyway. Less tax dollars on war=more tax dollars on security.

Is it because something is very wrong with the company?
Click to expand...
Not enough customers
 
company actually sounds like they have something...

The CIE is built on a LaserCard® optical memory card platform, which includes a 1 megabyte optical stripe, to which a contact IC chip is added in Italy. The optical memory provides visual and automatic card authentication; a non-alterable audit trail of events (each digitally signed) in the card manufacturing, registration, activation, distribution, and issuance processes; a portable data "vault" containing each citizen's demographics, color photograph, digitized signature, and other biometrics; and back up should the chip fail.

Italy is making them the national ID, if a few more countries catch on, no reason the stock wouldn't shoot through the roof.

Then again it could keep tanking.
 
just looking at the headlines, doesn't look like they're doing too well.

sucks to be you. 😛

I've actually made decent money over the past year in the stock market. 🙂
 
Originally posted by: JDub02
just looking at the headlines, doesn't look like they're doing too well.

sucks to be you. 😛

I've actually made decent money over the past year in the stock market. 🙂
Click to expand...

what did you invest in?
 
Originally posted by: Argo
Originally posted by: 1YellowPeril
Upon advice of ... someone, I bought a chunk of shares of DRXR. The stock is tanking and I've lost more than $900 so far. I dunno whether to sell or hang on. My other stocks are sucking too, but not this badly! Stupid economy, stupid war, and yeah-stupid me 😛

DRXR makes optical memory cards for security purposes and sells mainly to governments.
Click to expand...

Depends on what is the reason for the stock tanking? Is it because something is very wrong with the company? If so, selling might be a good solution. If the stock is flactuating with the market or the company simply had a bad quarter, hanging on might be a good solution.

My rule is to never buy/sell a stock because of what others are doing/telling you to do. You should always act based on what YOU think going to happen to the company. That forces you to research prior to buying stock.
Click to expand...

My uncle told my family to buy up on QCOM stock (qualcomm) during the early 1990s. Your rule is flawed if the other person works relatively in the same field as the company. :roll:
 
Yellowperil, if it makes you feel any better...

I was hit by the dot-com crash of 2000 and lost over 4Gs. Forgot what shares I had, but Citrix was one of them :roll:

To top it off, a month or two before the crash, I sold Rambus early. It then proceed to climb... and climb... and climb. I missed out on nearly 10Gs... :thumbsdown:
 
Well, I never lost $10K in a day, but I'm still holding onto stocks from 1999-2000 including JDSU (-93.4%), AMCC (-96.6%), NT (-91.4%), and PMCS (-91.4%).

Overall, the pre-2000 portfolio is down 69.9% from it's high at up ~125%.

It's just money.
 
I'm going to purchase some shares of WorldCom or MCI. Nowhere to go but up, and even if it crashes and I bought 300 shares I'm out, what, 60 bucks?
 
Originally posted by: Rumpltzer
Well, I never lost $10K in a day, but I'm still holding onto stocks from 1999-2000 including JDSU (-93.4%), AMCC (-96.6%), NT (-91.4%), and PMCS (-91.4%).
Click to expand...


ouch! I almost had JDSU at 3.10 back in March, I guess I shouldn't be complaining.
 
haha ... at least I'm not the only person with a red portfolio ... qcom is the one that's hurting me the most. bought at $150s and never sold ... yes I'm that stupid 🙂
 
<broken record>
That's why I buy S&amp;P 500 index mutual fund shares like Vanguard VFINX instead of chasing "hot tips" on individual stocks. Low risk and good average gains over time.
</broken record>
 
Originally posted by: DaveSimmons
<broken record> That's why I buy S&amp;P 500 index mutual fund shares like Vanguard VFINX instead of chasing "hot tips" on individual stocks. Low risk and good average gains over time.
</broken record>
Click to expand...

*hides*
 
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