42

^ called it

9/2/2008 10:19:40 AM

that's why i stay way from penny stocks.

you have a better chance of making money betting on a parlay.

9/2/2008 10:20:41 AM

I wasnt at the PC today due to driving back from Florida. Pretty much we got screwed on NSMG due to timing. Long weekend and the market not open during the peak of the storm. Then it weakened just before landfall and they reported less damage than expected so everyone sold off this morning. I dont have much money in there so Ill wait and see what happens with these other storms I suppose.

Not to mention my streak of good days while out of town ended today, logged in to find myself down 8% on the day... ouch!

[Edited on September 2, 2008 at 5:30 PM. Reason : ]

9/2/2008 5:27:20 PM

i bought High and sold low

but for those that say stay away from penny stocks, i dont agree,
if you use a good amount of common sense and planning you can make good money

9/2/2008 10:52:28 PM

I'm going to hold it for a bit, namely since there's Hannah, Ike, and Josephine still coming.

9/2/2008 11:56:21 PM

ya'll are some day-trading MF'ers

9/3/2008 12:00:26 AM

Yeah you can make money with penny stocks, they are just much riskier than your typical stocks but also can have higher rewards. If you cant check prices frequently during the day then they definitely arent for you. With your typical stocks if it tanks one day you usually have hope that it can one day make its way back up, with penny stocks once they run and tank thats usually the end of it. Timing is everything with those stocks just as we saw with NSMG. Had the market been open the following day when Gustav blew up to cat4 status we would have seen it go higher. Had it not weakened before landfall we may have seen it run some yesterday. For those who got in early below 3 cents you are still showing profit and may want to get out. I need it to run to .05 again hopefully so I can look to take a small profit at least.

9/3/2008 8:23:03 AM

Instead of betting on penny stocks you might be better offer trading options for home repair places like Lowes and Home Depot.

9/3/2008 1:58:10 PM

9/4/2008 10:32:50 AM

9/4/2008 2:56:13 PM

DOW PWNT,

STAY HOME

9/4/2008 3:05:42 PM

Im down about 15% over the last 3 days, I think Im just gonna stop watching, come back in a year, and hope for the best

9/4/2008 3:49:52 PM

omg i hate the stock market.

9/4/2008 4:43:34 PM

^^
bad call unless you planned long term investment

9/4/2008 4:55:11 PM

Looks like the Dow may be playing with 11k again pretty soon

Also ^ didnt get the sarcasm there, at this point though I am forced to hold long term, when these things finally appear to have settled on a bottom I will be buying back in to average them down some hopefully.

[Edited on September 5, 2008 at 10:38 AM. Reason : .]

9/5/2008 10:36:41 AM

yep, DJIA has sufficiently shit the bed again enough for me to throw some more money in...

now the question is just where?

9/5/2008 1:42:05 PM

Look man. The economy is faltering. It just is. You're going to have to do some hefty amount of research to find some companies that are going to actually turn a profit over the next year or be rather adept at moving it in and out to do something good with it. Is it worth the time?

I haven't actively managed my 401k - yet -, but I follow the market and some select numbers driven analysts pretty closely. I'll disclaimer that they seem to be labeled pretty heavy bears (perma even), but they've been right going on 2 years now about the housing collapse and economic slow down.

In October, I started to pull my 401k out of a 2045 fund and into something more stable, like a CD or something. I didn't, and my portfolio is down about 8% since then (it popped up a few percent after that point I was going to pull it and it is down 10 or so since), before considering the ~2% it would have been up to now had I moved it into a short term CD.....having said that, I'm still going to move it. I don't see nearly enough positive news going forward over the next half to year that makes me think I'm going to miss big gains if I move it out. I do however see tons of news that makes me think I'll miss big losses if I do. Just look at the price of oil. Demand destruction is already occurring and driving the price down. Unemployment at a 5 year high, and Euro and Asian economies are heavily coupled to the US economy and are going to really start catching the cold as we keep sneezing more.

9/5/2008 4:07:29 PM

Shit this rocks, i'm gonna throw money in soon since it's so low!

9/5/2008 4:53:12 PM

what up tdub... long time.

So, what is a good website to play some fantasy trading before I put a really 1K into the market?

9/5/2008 5:53:30 PM

^^^ So you heard the markets were primed for a correction and then didn't act.

Now that the markets are 20% down you are going to sell?


You do realize the market starts to rise rapidly before the economy turns around, right?

Now is the time to start thinking about buying heavily.

You should either be making large consumer purchases (cars, electronics, etc) because of the great discounts and low interest rates.... or loading up on stocks that might be primed for 100% return in the next four years.

9/5/2008 7:26:50 PM

Quote :

"So you heard the markets were primed for a correction and then didn't act. Now that the markets are 20% down you are going to sell? "

Was just thinking the same thing.

9/5/2008 8:40:46 PM

^^ Generally that is sound advice, and for the long term it is probably good specific advice, but honestly I not convinced that we don't have a signficant ways to go on the downside.

There are of course varying schools of thoughts on the matter, but there is compelling evidence that there is a coming commercial RE bust on a similar scale as residential, as well as problems with credit defaults in general as opposed to credit related to housing, which could signal a prolonged recessionary cycle.

My thought is that now is the time to be accumulating available capital, and then on should pull the trigger when you see a clear winner.

American made trucks and SUVs may very well be in or approaching that category, maybe also homes in bubble market that you're convinced will remain desireable long term, but for the economy in general I think we have a ways to go.

9/5/2008 11:03:36 PM

^if troletracks is talking about taking money out of a 2045 fund then obviously his time horizon is quite long and a prolonged recession is irrelevant. even if the recession is 10 years long he has another what, 37 years? good luck timing the market when there is a clear winner, by then you've already missed the big gains.

now if youre talking short term i absolutely agree. but putting your 401k into a CD at this age is a mistake...but it could be worse, you could not be saving at all.

9/6/2008 12:15:14 AM

HELP ME INVEST 4K!!!

Let it be known I've never taken a personal finance or economy class since senior year of high school 9 years ago. I'm 26 with no other retirement savings. I have $4000 sitting in a Charles Schwab IRA and I don't know what to do with it. It's currently in a Schwab 2040 Target Mutual Fund (SWERX) but there really isn't enough aggressive growth for me. Help me invest it in a good company. Not just a financially solid company, but someone that's GREEN and good for the earth and not just about corporate greed.

9/6/2008 7:13:23 PM

Quote :

"there really isn't enough aggressive growth for me. Help me invest it in a good company. Not just a financially solid company, but someone that's GREEN and good for the earth and not just about corporate greed."

you can't have everything

9/6/2008 8:27:08 PM

im guessing monday will be interesting

FNM & FRE takeover:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMX336c2lWGQ&refer=home

"Holders of the companies' common and preferred stock are ``very unlikely to come out of this at all happy,'' and the chief executive officers will be forced out, Frank said."

Apparently other banks hold large positions in preferred shares.
Not to mention the hit the dollar could potentially take from this bailout.
On top of that, it seems like this could force a loss of confidence.

9/7/2008 3:45:09 AM

On a side note, looks like the "oil speculation" proved to be real:

http://online.wsj.com/article/SB122049453060297811.html?mod=googlenews_wsj
(go through google news to get the full article)

http://www.larouchepub.com/pr/2008/080904cftc_oil.html

I'm not familiar with "EIR" so don't know about the 2nd link.

9/7/2008 3:47:33 AM

Quote :

"but someone that's GREEN and good for the earth and not just about corporate greed."

are you a 12 year old girl?

9/7/2008 9:39:11 AM

Damn ya'll are harsh, I'm just trying to do something good for once. It's not solely about the money that's all. Just trying to do my part you know?

So anyone have some "Green" investments to suggest?

[Edited on September 7, 2008 at 11:47 AM. Reason : ]

9/7/2008 11:46:40 AM

suzlon

Quote :

"<---- is not responsible for any outcome resulting from <--- 's advice. <--- strongly advises "you people" to thoroughly investigate and should be aware of all the risks associated with taking advice from strangers on online forums. "

[Edited on September 7, 2008 at 11:57 AM. Reason : disclosure ]

9/7/2008 11:50:24 AM

Quote :

"So anyone have some "Green" investments to suggest?"

In the investing world, green means money. If you really care about your money doing some good, you're better off donating it to some feel-good cause. If you're trying to invest money in "green" companies, you've missed the boat, all the trendy people have already driven up these stocks to levels that almost guarantee losing your shirt.

just google "green investing" and you'll find what you're looking for. But given that you don't know what you're doing, i'd suggest leaving it in the targeted fund.

9/7/2008 12:24:42 PM

Quote :

"are you a 12 year old girl?"

lol

9/7/2008 12:31:54 PM

wow, glad i got rid of my FNM and FRE stocks

9/7/2008 2:30:57 PM

heh notice that i did not try and predict which direction
we'll see how this plays out in the long run

as of now, futures are up along with asia

[Edited on September 7, 2008 at 9:50 PM. Reason : major indexes that is]

9/7/2008 9:50:06 PM

The only semi green company that I am in that wont make you any money for probably another year is ESLR. Its at a pretty good price right now though, go look it up evergreen solar.

9/7/2008 10:09:04 PM

Any thoughts on the New Alternatives Fund NALFX? Reviews seem to be mixed?

9/7/2008 11:49:26 PM

quit worrying about green investments.

make yourself a fucking fortune, then if you want to, you can give money to green causes.

go buy a bunch of SPY, and maybe some VWO, then sit on them for a few decades.

[Edited on September 8, 2008 at 12:11 AM. Reason : asdfasd]

9/8/2008 12:08:47 AM

buy WB next time it gets to 14.00!

9/8/2008 1:24:30 AM

What Funds are you guys in for your 401k, IRA, etc.

9/8/2008 8:21:59 AM

FRE down 80% to $1.00
FNM down 85% to $1.15

yikes.

9/8/2008 9:34:23 AM

401K

TOTAL STOCK MKT IDX
LARGE-CAP VALUE IDX
LARGE-CAP GROWTH IDX
NTL STOCK MKT IDX
SMALL/MID-CAP IDX

9/8/2008 9:38:42 AM

symbols?

9/8/2008 11:19:40 AM

i finally did something right

i got in for nsmg at 0.02
IKE should be a cat 3 by thursday or friday

9/8/2008 12:23:23 PM

Lets hope it has some luck going up again, my out price is at .06 not trying to be greedy.

9/8/2008 12:34:21 PM

me too but i think it may go to 0.08 so i'll keep an eye out
but definately going to get out either late thursday or early friday

9/8/2008 12:35:29 PM

^^^^ No symbols. It's in my 401K.

Speaking of investing like a 12 year old girl...

http://articles.moneycentral.msn.com/Investing/StockInvestingTrading/WouldGodBuyThatStock.aspx

9/8/2008 4:18:29 PM

http://news.yahoo.com/s/nm/20080908/bs_nm/ual_dc

Ouch.

9/8/2008 7:20:35 PM

Quote :

"The stock collapsed by 99.2 per cent to just 1 cent before it was suspended after 11am. When trading resumed, just over an hour later, they rose to $11.63."

9/8/2008 7:26:29 PM

^yeah i was like when i saw the price this morning
i thought it was armaggeddon

9/8/2008 8:14:32 PM

Sort of off topic, but hey:

I just moved to Australia, but still have some money in the US that i need to eventually transfer over.

When i first got here the USD was pretty bad and the exchange rate was 0.95AUD = 1USD. Now things are better and the AUD is now .80USD.

I'm trying to figure out how to figure when the best time might be to transfer. And then how. I tried to search for trends, etc, but couldnt quite get what i was after. Any ideas?

9/8/2008 9:47:45 PM