[AngelinIsRich08]

Wow. Down 500 once again. When will this end???

[Patrick303]

CSCO finally reported a good quarter and beat estimates. It's unfortunate that it came during this huge sell off and the stock is still falling.

[wren57]

Originally Posted by wren57

This is a nice little trap the bears have set.

[Vanity]

I wonder when the next mini-rally will be around. Not thinking Tomorrow, since it'll be Thursday or Friday and no one really wants to keep any money locked into the market over the weekend. Hrmmm

[BayMoWe335]

Originally Posted by wren57

How much did you make today?

[stylinexpat]

I definitely think the price of Silver is being manipulated to be kept under $40. Go figure why on earth they dropped the margin requirement for Gold while it is at an all time high and they raised the margin requirement for Silver last time it approached its all time high.

http://www.pricelessgoldandsilver.co...ckheller23.htm

[Chowbow]

Originally Posted by stylinexpat

I definitely think the price of Silver is being manipulated to be kept under $40. Go figure why on earth they dropped the margin requirement for Gold while it is at an all time high and they raised the margin requirement for Silver last time it approached its all time high.

http://www.pricelessgoldandsilver.co...ckheller23.htm

I'm watching gold like a hawk too. Gotta watch for a sudden drop and dump it. Although in my opinion, gold is less manipulated than silver as it is held so much more widely than silver where a few big guns can really affect the prices.

[johnnymu]

You don't think this is a healthy correction for silver? Going $8 to $49+ in 3 years? GSR from 80 to 30? Now standing at 45?

[AngelinIsRich08]

CSCO is up over 16%!!!

[Vanity]

Originally Posted by AngelinIsRich08

CSCO is up over 16%!!!

too bad you still haven't made any big profits on it

[NYCGP]

I was just gonna say, Angel aren't you still down like 10-15% from your purchase price? That's like losing 20k in a casino and winning 5k back and being excited about it. You're still down.

[AngelinIsRich08]

Originally Posted by NYCGP

I was just gonna say, Angel aren't you still down like 10-15% from your purchase price? That's like losing 20k in a casino and winning 5k back and being excited about it. You're still down.

Yes. Down 8% still.

[BayMoWe335]

Originally Posted by NYCGP

I was just gonna say, Angel aren't you still down like 10-15% from your purchase price? That's like losing 20k in a casino and winning 5k back and being excited about it. You're still down.

True enough, but making 16% back in one day on a megacap tech that has been destroyed is a true win. It shows the stock has perhaps turned the corner and can go higher. Solid quarter, better guidance, leaner workforce, etc. Can't make it all back in one day, but today was a step in the right direction.

[Vanity]

Originally Posted by BayMoWe335

True enough, but making 16% back in one day on a megacap tech that has been destroyed is a true win. It shows the stock has perhaps turned the corner and can go higher. Solid quarter, better guidance, leaner workforce, etc. Can't make it all back in one day, but today was a step in the right direction.

Bet you anything the market is gonna tank again tomorrow. You'd have to be insane leaving money in the Market in the midst of fiscal policies being made and subject to collapse.

[bolinp78]

Originally Posted by Vanity

Bet you anything the market is gonna tank again tomorrow. You'd have to be insane leaving money in the Market in the midst of fiscal policies being made and subject to collapse.

You'd have to be insane to sell all of your positions (especially solid A+ companies) in a panic mode instead of hanging onto them until this is all over and things stabilize.

[NYCGP]

Originally Posted by bolinp78

You'd have to be insane to sell all of your positions (especially solid A+ companies) in a panic mode instead of hanging onto them until this is all over and things stabilize.

A lot of people felt the exact same way in March and April of 2008. I wouldn't sell everything. But being cautious never hurt anyone.

[AngelinIsRich08]

My personal investment portfolio went up 11% today. That makes me happy. But this feels like Tuesday all over again.... Markets up 420 points however we weren't down 200 points this morning like we were Tuesday so tanking tomorrow doesn't seem likely. And today there was a reason for the increase; cisco and the unemployment benefit seekers rate drop.

[Vanity]

Originally Posted by bolinp78

You'd have to be insane to sell all of your positions (especially solid A+ companies) in a panic mode instead of hanging onto them until this is all over and things stabilize.

The whole point of selling your positions in Solid A+ companies (ex. AAPL), is to cash in on some short-term swings. Why you'd have yourself invested and held in anything right now is insane. Invest back when things hit rock bottom.

[BayMoWe335]

Originally Posted by NYCGP

A lot of people felt the exact same way in March and April of 2008. I wouldn't sell everything. But being cautious never hurt anyone.

Yeah, but tons of time in history shows selling in panic mode did hurt investors. Locking in losses down here is probably not smart if you have a relatively long term horizon. I really don't think this is 2008 again. We've had a rough few weeks, but things will settle. I don't see a collapse of the financial system as was getting priced in during the 2008-2009 fiasco. Of course there are issues, but 80% of companies reporting beat earnings and Blue chips are very cheap. This wasn't happening in 2008-2009...earnings we down across the board and we were dealing with AIG, BAC, LEH, Bear, and generally frozen credit markets.

[AngelinIsRich08]

I hear student loans are the next bubble...

[BayMoWe335]

Originally Posted by Vanity

The whole point of selling your positions in Solid A+ companies (ex. AAPL), is to cash in on some short-term swings. Why you'd have yourself invested and held in anything right now is insane. Invest back when things hit rock bottom.

Wouldn't it be nice if one could call rock bottom? I get what you're saying, but a few down days doesn't always imply doom. We could go lower, but I doubt we'll go Dow 7,000. In the meantime, take profit on your winners and average down on the losers you still like. Maybe pick up some dividend stocks. AAPL traded as low as $353 during this mess. To me, that was a gift.

This little spell got me big profit on GLD and allowed me to get T at sub $28 and a nice re-entry into AAPL around $356 after selling at $400+.

All of this is off the table if we see Armageddon again. I just really don't think this is it. If it is, just keep some cash on the sidelines and buy more if we go lower...Waiting for the bottom in all cash is so hard.

[AngelinIsRich08]

Hmm. Did you hear that Europe might pass new regulations to ban short-selling? Damn, I think this might lower stocks so I better start shorting. Lol. But seriously, I wouldn't mind the uptick rule going back into law and having large hf managers and billionaires like Soro's put on a leash to stop shorting things and messing up the entire markets. Still, they shouldn't bother regulating the smaller short sellers.