Stock Market Roller Coaster

[Lincsong]

Anyone been riding it this year????? Get out the dramamine.lol

 

[Dagwood]

Made hundreds, and lost thousands. Best year to date.

 

[Senator Jack]

Yeah, I bought stock in Gillette and took it on the chin.

I bought into Armstrong Carpeting and took a beating.

I bought into Nautilus Scuba Gear and it tanked.

I bought into Van Huesen and lost my shirt

I bought into Viagra; it rose sharply, took a plunge, and ultimately fell flat.

All jokes copyright 2007 by Senator Jack Enterprises LLC

Remember if it's not by Senator Jack, it's not an enterprise.

 

[Dagwood]

OK, Senator -

I bought Depends, but the bottom fell out.

Best I could do. I'll go back to the corner.

 

[Senator Jack]

No, that's a good one Dagwood! :eusa_clap

 

[scotrace]

Sold out of AAPL last year at 68.

 

[Lincsong]

I bought Reynolds American and it's still smoking.lol

 

[John in Covina]

It get a little dishearting when there's a bunch of proifit taking sell outs in fairly rapid sucsession. But my 401K is in it for the long haul so every big dip is an opportunity to buy low.

 

[Lincsong]

Sometimes, a person feels he's in a raft and sent down the river.

 

[Harp]

I'll tell you a plan for gaining wealth,
Better than banking, trade or leases-
Take a bank note and fold it up,
And then you will find your money in creases!

Edgar Allan Poe, Epigram for Wall Street

 

[Decobelle]

Everything I thought I knew about the stock market is now useless - it makes no sense anymore (if it ever did). Once upon a time, you could at least make certain general assumptions, such as "if the Fed says this today, the market will probably react this way" No more.

I should mention though, everything I think I know about the stock market I learned from Leave It To Beaver - the one where Wally and Beaver had some cash to invest in the market; Ward advised them to put it into the boring but reliable Mayfield Light & Power. But Eddie Haskell told them about this exciting new stock, JetElectro. Of course, they ignored the old man and plunked their entire savings into JetElectro, which immediately tanked. I've always steered clear of those JE type stocks and listened to my pop!

fftopic: I was in London when the market took it's big dive in October 1987 and one blaring tabloid headline that caught my eye still makes me laugh. It said: "IT'S JUMPING OUT THE WINDOW TIME AGAIN FOR THE YANKS!"

 

[jamespowers]

I bought Reynolds American and it's still smoking.lol

So is Altria and Kraft. :cool2:
Thanks for splitting up the company guys. That gives me stock in two companies that are doing fairly well at rising to their pre-spinoff price. :eusa_clap


Regards,

J

 

[LizzieMaine]

The gyrations of the market directly contributed to my losing my writing job at the start of the year -- when elephants fight, ants are trampled....

 

[Gary Crumrine]

Not to worry, friends. Over time, the market will probably do quite well. Our last three purchases were AIG, PFE, and GE. We remain hopeful.

 

[griffer]

Aw, c'mon. This is a roll in the hay, gentle swells; i'll take this over free fall any day.

I was in the biz in the heart of tech land- Washington & Oregon- in 1999; heady times.

I took a job back east at just the right time (luck, no brains), and watched the carnage from the east coast over the next several years.

I am still in th biz, albeit indirectly.

You know those investment lunches? Yeah, we used to do them, and would give out twenty dollar bills for answers to trivia questions. Then we'd ask what the market closed at yesterday and all the eager DIY investors would shoot their hands up. Most would be close, sometimes even spot on, then we'd pick some little, adled blue haired lady and ask her:

"My goodness me, I have no idea!"

"Absolutely correct, ma'am! There is no investment insight to be gained from knowing what the dow closed at yesterday, or where it was ten minutes ago. Investing is a long term proposition. Here's twenty buck, granny, now give us your IRA!"


(And for those taking notes, this was after the rock band, but before the CIA.)

 

[Bruce Wayne]

i sold almost all my us steel stock. i still have a few shares. i bought at roughly $35 three years ago, & sold some at $75 & some more at $100. i am considering purchasing bm or ford stock. cant really go anywhere but up...

 

[jamespowers]

i sold almost all my us steel stock. i still have a few shares. i bought at roughly $35 three years ago, & sold some at $75 & some more at $100. i am considering purchasing bm or ford stock. cant really go anywhere but up...

I dunno about Ford and their proposed plant in Slovakia. Their retirement woes are also a problem that has to be dealt with. Making cars that will actually sell is another. :eusa_doh:
GM is actually a bit more diversified than Ford and shows it in its stock price. Their recent contract to upgrade several Stryker vehicles for the military could have a decent impact on their price. The first delivery order was only about $10 million but the whole retrofit project is worth $5.5 billion. GM has its problems with labor and retirement costs as well though. However the labor deal with the UAW looks to be about over.

Regards,

J

 

[Undertow]

Gazprom would be a great example of a company to have invested in recently. They still may be a good idea. I would also consider investing in a Brazilian bio-fuel company as well.

How does one invest in foreign businesses?

 

[Lincsong]

Gazprom would be a great example of a company to have invested in recently. They still may be a good idea. I would also consider investing in a Brazilian bio-fuel company as well.

How does one invest in foreign businesses?

Foreign exchanges or see if they have American Depository Receipts (ADR) that are traded on NYSE. For instance, Sony is a foreign business, but they have ADR's on the NYSE.

 

[ITG]

How safe is the stock market in terms of having it drop like it did in the Great Depression? I'm looking at changing up some of my retirement funds but I don't want to be too risky about it nor too conservative to the point that I don't make much in the long run.