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John Larkin

Sublime Master of Turbology
Joined
May 25, 2001
Messages
5,013
If you haven't noticed, the DAQ is way up. I am planning to jump out of a stock tomorrow that I've ridden for 3 years. Now it's a hair above breakeven. So what if it goes up a little more? It's already cost me gobs on potentially better stocks and gray hair to boot.

Check your stocks. The pain is starting to ease. I still don't feel it's a good time to get in (in a big way) unless you trade alot and want to watch it several times a day. Business investment just hasn't begun; the economy is still on the consumer's shoulders.
 
Luckily for me I just kept "averaging" in on the way down and got quite a few shares at the bottom basement prices. 401K is finally worth checking again every once in a while. :)

Can't you ride any upside in your stock and put in an order to sell if it goes backwards at a pre-determined price?

I hope you get all your money back!

The ONLY saving grace for me the last couple of years is the 36% return I got out of my house after 5 years of ownership! :)

Joel
 
Probably not a bad idea to put a stop on it since it's over my purchase price. At least I'd get something locked. Thanks for getting my head screwed back on straight!
 
stocks

Sell 50 percent now at a profit. Put a stop sell on the other 50 percent just under the current sold price. If it goes higher--Good --if it falls --you still win. Keep in mind most stock prices will move around all day long. Good Luck. The market has had a good run lately, is it due for a pull back?
 
I still think there are summer doldrums to come. I just can't forget last year's debacle which has it's anniversary in about 2 weeks. Old school theory is stay out from April to October and in from October to April. Supposedly that's the most consistent money making technique over decades. However you're also not supposed to walk under ladders or step on cracks either. I also hear that trade deficit is one reason for the recent run up (all that profit made from jobs moving overseas is being put back into our market by foreign investors). Good for the players but not a supporting indication that we are on solid ground by any means. With unemployment at a 30 year high, I'm leaning toward at least one more pullback. Just my opinion; I'm still a little bearish.
 
BAH.........
My 401K ended up as a 101K right now....worthless! Would have been better of putting it in a cookie jar or burying it in the backyard! No thanx, I will take my money out now! :mad:
 
I stopped gettting my monthly statments because it was painfull.

I peek online once & awhile. Bought GE at $25 & hope it goes up to about $40.. Take the $$ & run.

Bought BERWYN bond & Income fund which has been one of the best returns so far in my porfolio at a whopping 8 percent.

just sitting o the sidelines hoping cisco, motorola, real networks makes a comeback
 
Hold the sucker.

If you waited two to three years for it to break even what's a few months to wait for some real profit. :)

Made $5K today on vion and ftus. :)

Almost even on both of them LOL. ;)
 
I forgot to say you are supposed to buy low and sell high, so during all those bad times you should have purchased and dollar averaged your high stocks.

When the wave starts to rise again you get back to even and up much much more quicker.

That of course assumes you still have some $$$ left. :cool:

I will hold off buying until the next mini slump and the profit takers start to cash in. Hoping to be one of those someday. :D
 
I like trading based on technical analysis with a bit of fundamentals thrown in for good measure. The best TA site I've found which is the only site I've found that actually has a learning center that explains all the charts they have is www.clearstation.com I don't think I could live w/o it now. 4 out of my last 6 trades have been on the short side so just learn to play the market in both directions for more options.
 
Last tip of the day. COVD covad communications dsl provider.

Assuming you think dsl can someday be profitable this company just cleared bankruptcy and may make some money soon. :D

About a buck a share so buy a few thousand.

When it hits $1.95 sell it. :)
 
So how many of you out there got rich on this one??? :)

Made me a new Stage motor. :cool:
 
My company seems to be doing pretty well.

I was given stock options in March or April for $15 a share. I just checked at its $24 now. :D
 
Covad is over $4 a share now.:)

As of 2:41 EST it just hit $5 even.
 
GE = UP :D
INTEL = GOING back up ;)
BERWYN BOND = UP
CICSO = GOING back up ;)

Many others painfully gaining momentum :eek:
 
I'm going to start investing in Home Depot and Lowes at the start of every Hurricane season. Then sell when the prices go up when another big one hits.

James
 
I like the HOME DEPOT one cause I am there buying stuff all the time.

Actually I think 3/4 of USA is on drugs. I am going to try a few drug stocks..
 
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