Hot stock tip, buy stocks, they should go up for 2 or 3 days at least.

avatar for casualguy
casualguy
Buy stocks. Ok, ok, I do want stocks to go up for at least 2 or 3 days. I just want to buy a short fund back again at a better price. I'm betting the market in general will go up for at least the first part of this week. I guess there are a lot of optimistic people out there buying for the long term like they always say on those talk shows like Mad Money.

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avatar for casualguy
casualguy
17 years ago
Some people are even betting the Fed will cut interest rates a whole point. I'm not making that bet but haven't been paying much attention.
avatar for trojangreg
trojangreg
17 years ago
Remember the people saying buy, sell, buy, sell could care less if the stock goes up or down. Commission, commission, comi$$ion every time you make a trade. They are always soliciting new clients as the old ones sooner or later dry up or figure out the game on their own. Do your own research buy what you are comfortable with and remember in the long run (so far in my lifetime)the solid companies weather the storms and their values rise.
avatar for casualguy
casualguy
17 years ago
Well I was way off for the direction stocks went today. I knew it was a mistake selling the stock I did on Friday. I was thinking strongly about selling on Friday and that was where I went into trouble. I panicked when I saw stocks climb over 100 points in mere minutes. I could have held it and would now be looking at an 8 percent gain in two days if I had held. I guess there will be more opportunities. Too many people seem to be thinking like me at the moment. That is scary. The Dow could go down close to 11,000 if that thinking continues.

Everyone needs to buy, buy, buy. Stocks are at bargain prices. I'm not sure what I'm going to do now. I'm stuck all in cash. I'll wait for what looks like a good opportunity. I guess last Friday I was worried the Fed might do another emergency rate cut and throw me a loss in the stock I owned (I was shorting the market via an ETF fund). I guess I'll stop talking about this. Hardly anyone seems interested here.
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skywatch99
17 years ago
>> I guess I'll stop talking about this. Hardly anyone seems interested here.

I am, but then again, it's not the primary subject of this board ;o)
avatar for casualguy
casualguy
17 years ago
It appears my advise to buy was right on the money. I think now though you'll need to sell in another day or two. I think we're in for a rough ride. Or as the opening story goes on Gilligan's Island, "the weather started getting rough". I don't feel so bad about selling a little bit too early. The stock I sold was done about 12 percent just today. Now it's on sale and I'm hoping it gets a little bit cheaper.

If one person wants to chat about this I can keep on. I don't care if it's on a strip club site. I read a whole lot of comments on marketwatch.com but never end up commenting.

An interesting link I saw today was here.
http://www.financialsense.com/Market/wra…

I'm left wondering how bad everything is going to get. In the meantime, I seem to be saving money at a faster pace thinking I could make some killer returns by investing it rather than spending it at strip clubs. But I just read about a dancers name that I remember at one club. I almost feel a need to go see if its the same dancer I remember even though I haven't been there in a long time. Sometimes I feel like a moth drawn to the flame. I thought that dancer wanted to know me better and here I am getting curious if it's the same one.

I guess if I wasn't a bit of a risk taker, I wouldn't have a desire to play the market and bet on double short ETF's either. I'm just learning but doing pretty good I think. Not great yet but I did sell before that ETF fund went down over 12 percent. Predicting the Fed is a lot harder than guestimating the market. I have a new guess at what Ben will do next. I'll post my guess if anyone is interested after I buy back the ETF fund.

Everyone keep buying tomorrow. At least up past lunch time I hope. Don't you just love it when everyone listens to you and they go out and buy stocks like crazy?
ok I'm being sarcastic. I know the Ben factor is much bigger than I am. The only way it wouldn't be is if I'm really crazy and this reality is just a dream in my head.
It's late here. I'm off to sleep before I dream up something weird to talk about.
avatar for casualguy
casualguy
17 years ago
Would you sell a stock that was up 14 percent in less than 24 hours after you bought it and it wasn't a penny stock? I'm really trying hard not to do day trading. I'm thinking maybe I should have since instead of being up 10 percent today, it was up only about 4.5 percent, about the same as yesterday.

Oh by the way, today I read how Ben can fix the mess we're in since he said (I believe) that he didn't know how to fix it. Just read this Ben if (I know a one in a million long shot).
http://www.moneymorning.com/
and read this article
Dear Ben: To Save the U.S. Economy, Here Are the Moves You Need to Make Now

By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
avatar for casualguy
casualguy
17 years ago
I didn't think it would hurt posting here. After all the governor of New York was looking for escorts online so maybe others look here too. I really believe our government is interfering with the markets too much even though I believe they are trying to do a slow more controlled drop in stocks and equities instead of a big crash. I don't mind if they hold off any crash for a couple more weeks though. I'm trying to warn some others first.
avatar for casualguy
casualguy
17 years ago
Dow futures are down 93 points already this Friday morning. I think that's going down some more today and maybe Monday and Tuesday too.
avatar for casualguy
casualguy
17 years ago
Well I guess this will be my last post about this on this site since no one here seems interested. I made 18 percent in 3 days and I wasn't using options or penny stocks. Someone once said buy and hold was the way to go. Yep if I want to wait months to get back to where my account used to be at.
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