^ i don't know a ton about taxes, and i haven't looked into the stock you own, but if its a sound company, the stock will bounce back after the correction. everything is taking a giant bite of the shit sandwick right now.

3/1/2007 6:09:39 PM

another glorious day

3/2/2007 4:08:53 PM

... for the bond market!

3/3/2007 1:06:52 AM

man, I leave the country for a few days, and the market shits the bed.

3/4/2007 11:03:32 AM

where'd you go?

you were in China shorting all those stocks werent you!

3/4/2007 7:33:25 PM

my BRIC mutual went down even more, reaching the value it had on Jan 15.

lost $400 so far.

3/4/2007 10:05:25 PM

did you buy on Jan 15th?

3/4/2007 10:21:55 PM

in any case, you have 2 options

-sell now and hope to get in at a lower price mid/end this month
-ride it out

either way, its going to come back up, and you'll be fine.

3/4/2007 10:22:54 PM

no i bought in november.

yeah i know... i will ride it out, because i know it will recover. i don't need that money now.

selling would be worse for me, as i would have to pay redemption fee, and then subscription fee again, which would take up another 300-400 dollars. no point.

[Edited on March 4, 2007 at 10:24 PM. Reason : ]

3/4/2007 10:23:09 PM

bout to be another terrible day

asia is all fucked up so far tonight

[Edited on March 5, 2007 at 12:39 AM. Reason : .]

3/5/2007 12:36:19 AM

This should be an interesting start. I'm tempted to go downstairs and watch CNBC to see how things open.

3/5/2007 9:07:43 AM

two of my stocks are up today!




granted, i only have one position that i'm still in the black on --- KOMG

3/5/2007 10:08:40 AM

stopped myself out of FXI, SWC, and IYG right around breakeven

these are names i still like for later this month/when the rebound comes

3/5/2007 10:19:16 AM

^ the same goes for IAI and IGN

(btw, these all happened Friday)

3/5/2007 10:22:59 AM

just got stopped out of BIDU moments ago

3/5/2007 10:51:03 AM

I'm going to be taking the series 7 and 63 exams in a few months and need to find some good study materials. Any suggestions?? Where can I find some good practice tests and study books?

Also, how did you guys get started in the stock market and is there any particular strategy you use to identify and research stocks you might want to buy? Any specific numbers/indicators you look for??

3/5/2007 11:17:12 AM

In general, I use the firm foundation theory of investing.

Read A Random Walk Down Wall Street

It may be hard to spot in a bookstore because it doesn't have a flashy cover like the books by Cramer, Suze Orman, Robert Kiyosaki, and other worthless drivel.

3/5/2007 11:37:20 AM

Quote :

"Suze Orman, Robert Kiyosaki,"

both worse than drivel. i see her on tv and i feel sad for the people she gives advice to.

3/5/2007 11:44:31 AM

yeah, while I'm not a big Cramer fan, he's nowhere near as bad as the other two.

3/5/2007 11:54:08 AM

i am about 1/3 cash right now. i don't think i will sell much more -- i'll just ride the rest of the downtrend until it comes back. hopefully i can be almost half in cash through new infusions (we get our bonuses in early April). that way i can jump back in when the markets start to come back -- i don't know when that will be, but i can see myself starting to reenter end of March.


as for bakubits questions:

i've been trading since late 1996, watching since 1994. i came of age during the tech boom of the nineties, and matured during the subsequent crash.

i had some strategies that worked well. i used to have a technique using valueline ratings, and one trading the nasdaq most actives, but now i just have a feel for the market.

Cramer has sound advice in terms of trading habits, but don't listen to his picks. he can also get pretty annoying on his show. I like Fast Money (weeknights 8pm CNBC), and read marketwatch.com everyday and fool.com sometimes. i also read businessweek.com and NY Times.

3/5/2007 3:46:51 PM

Quote :

"i am about 1/3 cash right now."

When you make these statements, are you talking about your personal money or your clients' money?

3/5/2007 4:32:03 PM

i dont think ssjamind does this for a job.

if so, i doubt he'd be so open about his picks and analysis

3/5/2007 4:33:58 PM

Perhaps he's recommending the opposite of what he's recommending for his clients.
That would be decidedly evil...

3/5/2007 4:36:57 PM

nevermind that didn't make much sense

[Edited on March 5, 2007 at 4:51 PM. Reason : -blaawet24]

3/5/2007 4:50:55 PM

How about those subprime real estate REITs!

3/5/2007 7:16:16 PM

Quote :

"yeah, while I'm not a big Cramer fan, he's nowhere near as bad as the other two."

I don't know a lot on this subject, but I still think its a good idea to pay attention to / study the strategies of those who have made good gains over their careers...

-warren buffet
-benjamin graham
-cramer (as much as you guys hate him, he made ~24% at his fund)

Notice I did not say, buy their picks after hours, but these guys are good at what they do.

3/5/2007 8:07:37 PM

cramer did well for his fund, but having to make snap decisions on stocks during call in as well as having to present new picks on a daily basis really fucks up his tv advice

3/5/2007 8:40:16 PM

its personal money. i don't do this for a living.

3/5/2007 9:39:59 PM

^^do you have any sources for that?

most of his critics compare his calls to a time frame in which he did not anticipate or require

3/6/2007 12:30:40 AM

Cramer's picks returned 0.2% last year. see my post on page 5 about this.

3/6/2007 12:37:14 AM

^again, sources, were these his lightening round picks or his charitable trust fund picks?

3/6/2007 1:16:30 AM

^^ his picks may have only brought .2% or whatever, but what is that based on...

I mean, I doubt he was telling people to just buy an equal distribution of all his stock picks, and hold them for a year to see what they would return ....

Besides, once hes said it, its normally lost some of its upside. I tend to ignore his picks, but focus on the market movement that he talks about on his videos online... Ive done well using that strategy, along with researching stocks within those specific markets to find good deals.

PS. Buy Cisco

3/6/2007 9:20:50 AM

^^, ^

check the link in my original post. also, there are multiple sites that track his picks and their performance, off the top of my head one of them is cramerwatch.org (or maybe .com).

his general investment theory is relatively sound, but it's nothing that hasn't been said by others before him.

----

in other news, market's up today... i guess after today's rise in the nikkei(sp) index, investors are jumping back in. either that, or this is the dead cat bounce

3/6/2007 9:49:20 AM

its a bit of a dead cat's bounce

3/6/2007 10:12:46 AM

Hopefully, we'll start to see a separation of the wheat from the chaff instead of a market-wide slide.

3/6/2007 10:49:54 AM

today's a little bit of short covering, premature bargain hunting, and stablization from the Yen carry trades after the Japanese currency dropped overnight -- read up on this recently understood/uncovered by the media phenomenon:

http://news.google.com/news?hl=en&ned=us&q=yen+carry+trade

3/6/2007 10:57:56 AM

Apparently the February 27th market drop has a name:

http://en.wikipedia.org/wiki/Gray_Tuesday

3/6/2007 4:12:26 PM

going to buy some TRID and TIE today after being stopped out of other positions last week.

3/7/2007 9:59:36 AM

got this in an email

http://articles.moneycentral.msn.com/Investing/Extra/StripClubsGoMainstream.aspx?GT1=9215

i must admit, i'm curious

3/7/2007 5:53:58 PM

saw that on marketwatch the other day -- i'm a believer

3/7/2007 6:18:50 PM

Is anyone playing the cnbc.com Million Dollar Portfolio Challenge?

If so, how does the trading work? I put in an order for SFY (Swift Energy Co.) early this morning and it is up 3.37% today alone

3/7/2007 6:40:34 PM

^I'm kinda doing it for fun.

Only problem is the buys/sells take forever to go through - and the contest is only a few weeks.

3/7/2007 9:21:02 PM

GODDAMN

My mutual funds keep going down, and have now reached values they had in NOVEMBER

European fund: down 6%
US fund: down 6.5%
BRIC fund: down 9%

Already lost $550+

I know they will come back up... but damn, it is like starting all over again.

3/8/2007 5:11:08 AM

yeah all the funds ive bought since november are all below cost

3/8/2007 8:41:23 AM

i took a little of a beating--also probably lost $500 or so--but that's really chump change. I'm really only down to where I was a couple of months ago.

3/8/2007 8:56:44 AM

yeah, we're all down 5-10% on average.

nothing to worry about really.

It's hard, but you gotta remove emotion from investing, or you'll need meds.

3/8/2007 8:59:08 AM

yeah, i've had slides this bad before--just not as fast.

[Edited on March 8, 2007 at 9:11 AM. Reason : I was prob down 5-6%, but made a lot of it back over the last couple of days]

3/8/2007 9:08:15 AM

Keep drinking the kool aid!!

Come on folks, the signs are in everyones face. If you are long anything at this point you are a little maniacal. Pull your money out, put it in cash, and sit for awhile until the economy looks healthier. That is, unless you think you can really find those sectors that might manage to do alright in this downturn we're gonna have in 07.

3/8/2007 9:23:43 AM

getting lured back in today is tempting, but i think it still goes a bit lower from here

3/8/2007 10:17:22 AM

come on, big returns, no whammies, no whammies

3/8/2007 11:11:05 AM