China remains 'Red'.
Posted on 02/27/2007 12:03:41 PM PST by cgk
Edited on 02/27/2007 3:25:19 PM PST by Admin Moderator. [history]
LOL...love it!
Nice call, Marty. RIP
"...the only shocking part is that I didn't buy big yesterday...."
LOL!
Heck no, it ain't apopcalyptic! They want to scare the folks with the point drop but it's the percentage that matters! We were headed down but the glitch dramatized things. Tomorrow, the idiots who missed the day time action and listen to the media tonight (and don't bother to understand the market) will be selling. The smart folks will be buying (depending on the asian market)...so we'll see if the market levels out.
For example: Exxon was my biggest % drop at 4.73%. Fortune at 3.51%. Bayer at 3.37%. Those numbers pale against the gain percentage of those stocks from last year of at least 30%.
NO BIG DEAL.
I've been moving into safer investments all this year since I retired. I had some wild and hairy days during the tech run and now I have money men working for me. Phew! If one fails, the others better succeed!
I forgot to mention that I have some South Florida waterfront real estate that hasn't sold for the past year. I don't blame the buyers! High taxes, hurricanes!
My wife is a broker and has been for about 10 years now.
Ironically she was scheduled to have for first interview several days after the big crash of 87, so it got put on hold for several more years, as she continued work as a headhunter/employment counselor. She was transfixed all day long looking at her 5 column wide ESignal screen with the symbols and prices hundreds of stocks she follows and/or has her clients invested in, ALL showing up as RED (Red means down, Green means up) THis is the FIRST time in her memory her entire screen was RED. If it's still this way tomorrow at 9AM I am going to suggest she print it out in color and have it framed. I don't think the screen was all red even on 9-17-01/ She is sitting tight and fielding the occasional call from clients, and watching Jim Cramer. Fact is, there ARE buying opportunities for the rest of the week, and they might still be there for a few days. I think the logical thing to look at are the BEST companies that suffered the largest %age loss, and once you can rationalize it, to buy one or two of these cheap, then sell when you have made enough profit. I have a REIT stock I am going to ask her to sell ASAP and invest ALL of it into something else. HOpe she doesn't give me an argument/
Geez, didn't they have curbs in? I thought that was supposed to happen when the market started falling like this.
Anyway, this really stinks. After HPQ reported earnings the other night, I had been planning to exercise some options, but then it lost 8% for no good reason -- at least, none that had any relationship to the earnings report.
Geez, didn't they have curbs in? I thought that was supposed to happen when the market started falling like this.
Anyway, this really stinks. After HPQ reported earnings the other night, I had been planning to exercise some options, but then it lost 8% for no good reason -- at least, none that had any relationship to the earnings report.
I have a "guy" that takes care of mine...and a stop loss...that didn't kick in today...
Boy, you have a Catch-22 with that Florida waterfront property, don't you??
Yeah, the Florida thingie is ticking me off. It's paid for, thank heavens, but I'm paying about a grand a month in maintenance. I won't go into more details here. *spit*spit*spit*
Hey,Deb,,,Lookin' at China...;0)
Japan down 3 to 4%
Hey, Bud, please don't smash the plates!
Actually, because I like you, I think a better response would be:
I like the Rosebud pattern.
China remains 'Red'.
LOL....I understand the *spit*!!!
We are blaming China for this doncha know...
I just saw that kooky guy on MSNBC..Jim Cramer, tell Chrissy Matthews that he is telling his clients to BUY...not sell.
Had a gut feeling & seemed like the run was over.
Soooo... The day before ahead of the close, I went from 13% Cash to 40% Cash.
Woo-Hoo !!!!!!Now, I'll wait until we're near the bottom & I'll dive back in.
)Tripled my money from before 2001-2002 until now. by buying on the dips.
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