woops.. just "lost" a bundle of $

[Nilsen]

Stock market is plummeting here. So far after 27 minutes of trading im down almost 3000 USD since yesterday.

After a couple of days with good return im only barly in black this week

Time to shop for cheaper stock I guess.


Now folks.. hop in those SUVs and go bananas


easy come, easy go... No need to panic, its time to sit back and patiently wait for things to improve.

[DiabloTX]

I gotta tell ya, it's gonna be a chitload of fun watching you, Nash, Sandy, MT and rpm become oil-baron Republicans for the next few weeks!

[Nilsen]

hehe not sure what you mean by that.

Anyways.. this fall in oilprice today may be good news for you guys trading over in the US when the market opens so follow it carefully. This is one of the reasons that I want to start trading small time on the NYSE too..

My portfolio mainly consists of oil related shares with a couple of techs too. I do between 0 and 10 trades a day, and today looks like a hold to me. I have bought another lot of oil related shares just now that has fallen like a rock since yesterday (PA Resources). I had some in that company from before so the average price payed for them have now gone down so its a matter of waiting now.

Any chanse you guys across the pond would like to send a few tomahawks towards Iraq soon?  If you are connected then please make it happen.. ill owe you one.. hehe

[eagl]

Heh

Anyone remember that blip in the international markets about 2 weeks ago?  The day after that hit, I dumped and went overweight into my investment plan's US govt bond fund.

I was doubting the move as a knee-jerk reaction for the next few days as there was a small market rebound, but now I'm darn glad I did.  Being paranoid has probably saved me $5000 so far in the last week alone.  There's plenty of money to be made in a falling economy... You just gotta be patient and outlast the greedy, the stupid, and the ignorant.

[Nilsen]

I remember that blip very well. That is when i decided to go in. After that blip it recoverd almost back to the same level it was so i sold off and made a nice profit. I am going in this time too because it feels like the huge dump today (almost 6%) is an over reaction. The market was due for another adjustment, but this is too much (i think and hope).

I have not managed to buy the shares I have bought today at the bottom as I did last time. It takes abit of luck to do so, and I have lost abit on it, but it seems it is leveling out now. The next few days will show how close to the bottom I have managed to buy at. If this is an over reaction then it should climb rather steeply tomorrow. I am guessing 3-4% up.

Usually the thing that triggers the over reaction here is that people who do this for a living usually borrow substatial ammounts to trade with and if there is a correction in the market they start dumping if they are in + to secure their earnings. They dont want to go below what they have to pay interest for the money they have borrowed.

[eagl]

I don't think it's an over-reaction.  I think that given bond yield curves and interest rates, it's just as likely to be the beginning of a huge correction.

Plus I'm trying to buy a house right at the peak of the housing bubble but AFTER interest rates have started going up.  So I'll be stuck with a house worth a lot less than I bought it for, at an interest rate that's 1-2% higher than it should be.

See, this sort of thing just happens to me.  When it's time for me to buy a house, look out!!!  The market is about to take a dump.  It happend the last time I bought a house (2000) and it's about to happen again.

I recommend investing in gold bars, bullets, and a robust water purification system.

[Nilsen]

Well you may be correct. I am not an expert on the US market so I will refrain from giving any advice to you.

Over here its mostly depending on oil prices... so when they take a dump, so does the stock on the exchange that are related to oil. The hugs and kisses between Iran and US over the past few days has lowered the prices abit, but the prices are still high and companies are making alot of money. There is nothing on the horizon that dictates a substantial decrease in prices (below 60USD over time). Some analysts have even hinted at prices close to 100 USD by the end of the year if hurricane season does a number on refineries and if things in the middle-east takes another u-turn.

[Debonair]

buy low
sell high*


*if you sell while you're still high, you'll already have some $ in your pocket when you sober up & need to go scouting for you next fix of whatever


if you're investing foreign, you're playing the currency market as much as anything else.
you think the $ is about to turn around & do the opposite of what its done for the last six years or do you have some really really solid US stocks?

[Nilsen]

talking to me?

I dont have any US stock atm

[lasersailor184]

Nilsen, he's talking about the stock market game we have set up.  It's kicking off on monday, I'm not sure if you're signed up.

[lasersailor184]

http://www.hitechcreations.com/forums/showthread.php?s=&threadid=179467

[Nilsen]

No im not signed up. I was talking about it, but I think ill have my hands full watching the real market. Im going on a one week vacation too starting tomorrow.

[lasersailor184]

You can sign up and get started late.  Nothing wrong with that.

[Nilsen]

I know, but Ill rather sign up for the next round if anyone is in then

its summer and im already spending far too much time on the pc

[Ripsnort]

Originally posted by Nilsen
Stock market is plummeting here. So far after 27 minutes of trading im down almost 3000 USD since yesterday.

After a couple of days with good return im only barly in black this week

Time to shop for cheaper stock I guess.


Now folks.. hop in those SUVs and go bananas


easy come, easy go... No need to panic, its time to sit back and patiently wait for things to improve.

Now is the time to buy Nilsen, not when its up...my portfolio flucuates $5k-$10k a day depending on what the market does. You don't "Lose" any money until you cash the stock in or it because worthless (business goes  under)