Who else is quietly shaking their head?

Nyden · 22 January 2008

sideshowbob said:
Well early last week I posted a new thread about what I should do.
I made the decision to get out on that Tuesday when my stocks (BNB and BHP) were in the positive. That was the best decision I have made thus far.

But looking at the market now... BNB has dropped 30% more since that Tuesday.

Its too late to get out now. I think its time to hold on and just wait for this to blow over. If you are in it for the long run... it would be disastrous to get out now.

Im not buying back in until someone tells me that the American credit crisis is over...

My concern is with the people that keep topping up.... now that is a bad strategy right about now.

Not too true sideshow. Things could get much worse, surely one would be kicking themselves for not taking the 30% drop, as opposed to say, a 60% drop :

Things could get better though, but ; I would personally want the loss / the knowledge of no further losses, and the comfort of a good night sleep!

Trembling Hand · 22 January 2008

agro said:
cheer up everyone

dow futures +61 so if thats anything to go by we are in for the first green day tommorow and what might be a rally..

i am remaining bullish regardless of the 20% slump... going by history after every major correction the resilience of the market has seen an increase in sp..

more bang for your buck at the moment

sit put if u r on a paper loss.. remember u only make a profit (or loss) if u sell

Where you getting that from.

Dow Futs down 475 from Friday close. You wanna have another look???

agro · 22 January 2008

trembling Hand said:
Where you getting that from.

Dow Futs down 475 from Friday close. You wanna have another look???

http://money.cnn.com/data/premarket/

here u go mate

+71 now

Nyden · 22 January 2008

agro said:
http://money.cnn.com/data/premarket/

here u go mate

+71 now

Ignore that.
http://www.bloomberg.com/markets/stocks/futures.html

Gar · 22 January 2008

agro said:
http://money.cnn.com/data/premarket/

here u go mate

+71 now

sorry to say mate but the CNN one has been playing up lately, here is a better feed

http://www.bloomberg.com/markets/stocks/futures.html

Trembling Hand · 22 January 2008

agro said:
http://money.cnn.com/data/premarket/

here u go mate

+71 now

Sorry dude you are wrong. That's from last nights Europe close.

the Dow finished @ 12099 on Friday.
The live fut are now at 11620. about -600 points from Fridays fare value.

I know Because I'm trading them live.

barnz2k · 23 January 2008

gordon2007 said:
Just wondering, is there anyone else there like myself who really has no idea what to do right now. I've just been sitting back watching this massacre now for the past couple of weeks.

I'm down a good chunk of money but don't want to sell because I think it will all come back to value in time. I just sit here most days and barely even participate because I don't know what to do in a bear market. Hence I just sit here and shake my head and am left wondering.

So what are the others who are new to trading doing during this market?

Totally.
Shaking. Crying. Fetal. All of the above..

As others, just sitting, holding, and watching the crash scene. I need to just go traveling again so I dont watch the market for a few months and hope its begun to heal when i get back

Buffettology · 23 January 2008

gordon2007 said:
Just wondering, is there anyone else there like myself who really has no idea what to do right now. I've just been sitting back watching this massacre now for the past couple of weeks.

I'm down a good chunk of money but don't want to sell because I think it will all come back to value in time. I just sit here most days and barely even participate because I don't know what to do in a bear market. Hence I just sit here and shake my head and am left wondering.

So what are the others who are new to trading doing during this market?

ha ha, Ive been in the market for 13 years and I am the same! That rally of 300 points in a day has left me some hope! Never seen something like that before from memory! But sadly, this time it doesnt appear to be on its way! Even with this emergency fed rate cut! Fingers crossed now!

Luckily I didnt involve myself in the dotcom crash and held cash. Any company that would take a millenium to earn as much as its share price is obviously overvalued! Dont have to be Buffett to tell that!

Buffettology · 23 January 2008

barnz2k said:
Totally.
Shaking. Crying. Fetal. All of the above..

Yeh, I know a guy who retires in 3 months and according to him, has to take his super out at the time for his pension. Not sure how it works as Im not a Financial Planner or near retiree!

His down 80k and from what I hear, is throwing up up from stress!

Another woman I know of as I said in another thread, gave one of the big banks, wont state the name, 1.2 million to invest just a few days ago, its now worth $850,000k. Woops!

barnz2k · 23 January 2008

Buffet: Wow, thats harsh. Both of them!

At least I'm young and can wait it out, people who have super etc to worry about feel sorry for em. Luckily my mum got hers last year just before things started turning - perfect timing really. (I should have followed haha)

10min till US open..all eyes...

Buffettology · 23 January 2008

barnz2k said:
Buffet: Wow, thats harsh. Both of them!

At least I'm young and can wait it out, people who have super etc to worry about feel sorry for em. Luckily my mum got hers last year just before things started turning - perfect timing really. (I should have followed haha)

10min till US open..all eyes...

Yeh, the forums are BUZZING for this time of night!

All eyes are definately on the US! It will determine if a rally begins or this massacre continues!

Your mum got real lucky! My brother bought in at the start of the bull market, bought property at the beginning of the property boom! Now cashed it in to buy a successful company! He has no higher education and limited understanding of the market yet is a multi-millionaire and only 28.

I have multiple degrees, worked as and am qualified as an economist and stockbroker, have lived in the Finance World for 13 years and still WAYYYYYYYYYY behind him in terms of assets anyways! Luck plays a big part, no doubt about that! Good onto your mum and my brother I say! For the rest of us, we need to be smart and cross our fingers and hope at the same time!

Who else is quietly shaking their head?

Nyden

G.E. Money Genie

Trembling Hand

Can be found on the bid

agro

Nyden

G.E. Money Genie

Gar

Trembling Hand

Can be found on the bid

barnz2k

Buffettology

Buffettology

barnz2k

Buffettology

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Who else is quietly shaking their head?

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