[AngelinIsRich08]

Now that I think about it, it's all just a game for me. I mean obviously if I really needed the money I wouldn't be investing it and I know I'll eventually cut my losses when these stocks rise again. It's strange that I'm getting angry. I'm probably just greedy and hate when I exit out too soon of a rising stock and I hate myself for going in too early on one that's dipped and continues to fall after my buy-in. I'm sure studying investing and investors is pretty hardcore psychology....

[NYCGP]

Originally Posted by AngelinIsRich08

Now that I think about it, it's all just a game for me. I mean obviously if I really needed the money I wouldn't be investing it and I know I'll eventually cut my losses when these stocks rise again. It's strange that I'm getting angry. I'm probably just greedy and hate when I exit out too soon of a rising stock and I hate myself for going in too early on one that's dipped and continues to fall after my buy-in. I'm sure studying investing and investors is pretty hardcore psychology....

"I made all my money by selling to early" - J.P Morgan

[BayMoWe335]

If it's any ray of hope, CSCO's competitors are getting absolutely rocked as well. JNPR has been destroyed over the last few months. Maybe it's not as bad for CSCO as people thought and the industry is just experiencing a soft patch?

Whatever it is, no one is tearing it up and CSCO is probably not losing market share too quickly. I'm not really sure why JNPR trades at such a premium. Like CSCO, they were hot until the tech bubble crashed and have lost money since. Not sure why they are so different. If anything, CSCO has remained the better company.

[mact3333]

you guys on here crack me up...why would you trade csco...msft...etc?...once the bubble dies, which it did over a decade ago, they dont come back for the most part...csco has been between 13-30ish for past 5 yrs...there are bubbles to find....

Never ever go long a stock such as csco which is trading below the 50 and 200dma...if you trade for short term, you will lose money 90% of the time...you have to trade int term and long term and get lucky to have a chance against the sharks...take a stand and hope you are right...if you trade based on emotions over the short term, you are sure to lose money.

If you are looking at fundamentals, you are headed down the wrong path imho...you have understand technical analysis and supply/demand curves...you have to look at true money flow to see what the whales and pros are doing...they are there to take the small fishes money all day and night.

To get the big trend right, you need to understand that this mkt is being propped up by QE1 and 2 and without 3 soon, it will collapse...but we all know the Fed Reserve will start printing money once again and hence the commodity and metal bull run will then take off again, but for now, it will prob correct somewhat.

I think we test 1240 on SPX after a blip up over the next week...now thats where the real test will be imho...if 1240 doesnt hold the bull mkt will prob be over and we will enter the next phase of the bear...if 1240 does hold and we rally, then we will prob make all time new highs peaking(1450-1550)early part of next yr lead by QE III...if this happens, gas will be over 5.00 a gallon and inflation will kill this economy next yr...starting next yr I will not go long again for years...the bear will return and its time to go short again.

JMHO of course, your guess is good as mine....

[M3Bahn]

Originally Posted by mact3333

you guys on here crack me up...why would you trade csco...msft...etc?...once the bubble dies, which it did over a decade ago, they dont come back for the most part...csco has been between 13-30ish for past 5 yrs...there are bubbles to find....

Never ever go long a stock such as csco which is trading below the 50 and 200dma...if you trade for short term, you will lose money 90% of the time...you have to trade int term and long term and get lucky to have a chance against the sharks...take a stand and hope you are right...if you trade based on emotions over the short term, you are sure to lose money.

If you are looking at fundamentals, you are headed down the wrong path imho...you have understand technical analysis and supply/demand curves...you have to look at true money flow to see what the whales and pros are doing...they are there to take the small fishes money all day and night.

To get the big trend right, you need to understand that this mkt is being propped up by QE1 and 2 and without 3 soon, it will collapse...but we all know the Fed Reserve will start printing money once again and hence the commodity and metal bull run will then take off again, but for now, it will prob correct somewhat.

I think we test 1240 on SPX after a blip up over the next week...now thats where the real test will be imho...if 1240 doesnt hold the bull mkt will prob be over and we will enter the next phase of the bear...if 1240 does hold and we rally, then we will prob make all time new highs peaking(1450-1550)early part of next yr lead by QE III...if this happens, gas will be over 5.00 a gallon and inflation will kill this economy next yr...starting next yr I will not go long again for years...the bear will return and its time to go short again.

JMHO of course, your guess is good as mine....

I agree without QE 3 market is toast but even then it only delays the pain or even makes it worse.

Jim Rogers - No Country in History Has Succeeded By Debasing it's Currency.

[mact3333]

Originally Posted by M3Bahn

I agree without QE 3 market is toast but even then it only delays the pain or even makes it worse.

Jim Rogers - No Country in History Has Succeeded By Debasing it's Currency.

True, but our entire ponzi economy is about debasing the economy...if it werent for this the Dow would be down 80-85% from the true highs(price the Dow in real money, which is gold)....the US dollar has depreciated by 98% since the Federal Reserval Act of 1913 was passed...all the Fed's know is to print money, yet 95% of amercians dont understand that through interest owed to the banks by our tax payers via the national debt, it is impossible to ever pay back our debt because there isnt enough money in the world to allow this to happen.

Yup, QE 3 will just delay the inevitable but the powers that be will be long gone by then and will have cashed out...when the avj. Joe comes back into this mkt full force, thats when you know we hit the real top....just watch what happens to our economy when the premium we put into out M3's reaches 6.00 a gallon.

[AngelinIsRich08]

Yea, if M3's are even in production by the time that happens. People would be so poor luxury items will be out of business.

[stylinexpat]

Not sure why but I have a feeling we tank hard today maybe see -200 points. Let's see what happens. Yesterday every time Apple managed to make some gains they were sold off. Someone was unloading at every little increase. Everything that was bought up was being met by sellers plus more. Felt someone was unloading big time on Thursday.

[stylinexpat]

Originally Posted by AngelinIsRich08

Ouch. Which ones did you get?

June ones along with some July ones. Those calls are doomed.

[AngelinIsRich08]

Dang. I bought 100 apple shares at $331. Eh.

[M3Bahn]

Originally Posted by stylinexpat

Not sure why but I have a feeling we tank hard today maybe see -200 points. Let's see what happens. Yesterday every time Apple managed to make some gains they were sold off. Someone was unloading at every little increase. Everything that was bought up was being met by sellers plus more. Felt someone was unloading big time on Thursday.

Dow blew right through 12K.

Marc Faber

[M3Bahn]

Originally Posted by mact3333

True, but our entire ponzi economy is about debasing the economy...if it werent for this the Dow would be down 80-85% from the true highs(price the Dow in real money, which is gold)....the US dollar has depreciated by 98% since the Federal Reserval Act of 1913 was passed...all the Fed's know is to print money, yet 95% of amercians dont understand that through interest owed to the banks by our tax payers via the national debt, it is impossible to ever pay back our debt because there isnt enough money in the world to allow this to happen.

Yup, QE 3 will just delay the inevitable but the powers that be will be long gone by then and will have cashed out...when the avj. Joe comes back into this mkt full force, thats when you know we hit the real top....just watch what happens to our economy when the premium we put into out M3's reaches 6.00 a gallon.

Totally agree!

What I don't understand is who buys an expensive car like an M3 and then worries about gas prices?

Just saw this

China ratings house says US defaulting: report

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.
"In our opinion, the United States has already been defaulting," Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.
Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies -- eroding the wealth of creditors including China, Guan said.
Guan did not immediately respond to AFP requests for comment.
The US government will run out of room to spend more on August 2 unless Congress bumps up the borrowing limit beyond $14.29 trillion -- but Republicans are refusing to support such a move until a deficit cutting deal is reached.
Ratings agency Fitch on Wednesday joined Moody's and Standard & Poor's to warn the United States could lose its first-class credit rating if it fails to raise its debt ceiling to avoid defaulting on loans.
A downgrade could sharply raise US borrowing costs, worsening the country's already dire fiscal position, and send shock waves through the financial world, which has long considered US debt a benchmark among safe-haven investments.
China is by far the top holder of US debt and has in the past raised worries that the massive US stimulus effort launched to revive the economy would lead to mushrooming debt that erodes the value of the dollar and its Treasury holdings.

http://ca.news.yahoo.com/china-ratin...054309883.html

[NYCGP]

Stop wasting your money in the casino. Give it to a broker that knows what they are doing. Playing around with 10's of thousands of dollars when you don't have any background in finance is stupid.

However, if you are doing it for fun. Use less money. NO one and I mean NO one is "ok" with losing 20 grand. You are young and learning an important lesson right now. But that money could have went to much better use.

Let professionals do what they do best, grow your money. So you can do what you do best, blow your money.

[mact3333]

so how many of these so called professionals do well during a bear mkt?..not many...all they are is salesman...they go long, thats what they know...avj Joe and professional...dumb and dumber...

Wallstreet is a rigged game...cant beat them so you have to join the whales.

Originally Posted by NYCGP

Stop wasting your money in the casino. Give it to a broker that knows what they are doing. Playing around with 10's of thousands of dollars when you don't have any background in finance is stupid.

However, if you are doing it for fun. Use less money. NO one and I mean NO one is "ok" with losing 20 grand. You are young and learning an important lesson right now. But that money could have went to much better use.

Let professionals do what they do best, grow your money. So you can do what you do best, blow your money.

[mact3333]

Well most have known that already...there is no way to pay back our national debt...thats why the dollar must collapse so we can pay back the Chinese, Arabs and Japanese with worthless dollars...in the mean time, the hidden tax on us(but hitting the poor the hardest) which we will call inflation, cont's to rot us at the core...we dont even realize that both repub's and democrats alike cont to borrow money they dont have yet the taxpayers are paying this bill anyway through inflation.

And yes, even M3 buyers can feel the pain at the pump...Im prob spending 700.00 a month on gas right now...but true, the poor will feel this pain more than the wealthy.

Originally Posted by M3Bahn

Totally agree!

What I don't understand is who buys an expensive car like an M3 and then worries about gas prices?

Just saw this



http://ca.news.yahoo.com/china-ratin...054309883.html

[AngelinIsRich08]

Damn sell-offs. Why can't companies stock values only be affected by their performance?

[NYCGP]

Originally Posted by mact3333

so how many of these so called professionals do well during a bear mkt?..not many...all they are is salesman...they go long, thats what they know...avj Joe and professional...dumb and dumber...

Wallstreet is a rigged game...cant beat them so you have to join the whales.

My advisor uses a passive approach. It is very slow and the returns are no where near what they could have been if I was more exposed. But so far in the last 3 years, I have done quite well (all things considered). I don't need the money and hope to not need it for some time (5-10 years).

Everyone has a different view of how to grow money. Personally, I like to invest my money back into the business. The returns I get from my business trump anything the market can do for me. Whatever savings I have goes, for the most part, to my advisor and the rest in a nest egg. Has worked for me thus far.

I am only 26 and am in a much better position than 99.99% of the people my age. However, I was educated at a very young age on how to manage my money. But, at 26 I am also prone to get drunk and spend money like as asshole on stupid things like strippers and such. But shit happens.

[stylinexpat]

DOW 12000 and Apple 330 support taken out. Good old BEN slipped in a Glycerin Suppository early this morning.

[M3Bahn]

Originally Posted by stylinexpat

DOW 12000 and Apple 330 support taken out. Good old BEN slipped in a Glycerin Suppository early this morning.

Did you know QE2 had ended?

[stylinexpat]

Originally Posted by M3Bahn

Did you know QE2 had ended?

Ends today. The good old invisible hand is supposed to be gone after today but Bernanke said that the FED would continue to support the financial markets this year so that old hand could intervene at any time to support the market.

[stylinexpat]

Originally Posted by M3Bahn

Did you know QE2 had ended?

Wrong.. Just found out.. Running through July 11th

http://www.newyorkfed.org/markets/to..._schedule.html

[AngelinIsRich08]

Originally Posted by stylinexpat

DOW 12000 and Apple 330 support taken out. Good old BEN slipped in a Glycerin Suppository early this morning.

For real? So it aapl won't hit anything over 330 for a while? I thought I was getting a good deal....