Yea i'm down on google, too thanks to yahoo's bad numbers. But im in on the long term for google because google is taking over yahoo's marketshare.
I was tired of selling too soon last year. I can recall dozens of socks I sold too soon just cause they had a couple bad days. I remember buying ntri, goog, aapl, etc and selling when they dived on some random bad news. I got shaken out and I wont let that happen again. Nope. Also, these are quality companies. I'll know when to sell when the time is right.
I was tired of selling too soon last year. I can recall dozens of socks I sold too soon just cause they had a couple bad days. I remember buying ntri, goog, aapl, etc and selling when they dived on some random bad news. I got shaken out and I wont let that happen again. Nope. Also, these are quality companies. I'll know when to sell when the time is right. How many times did we here this in '99? For Gods sake dude how long have u been trading?
From reading this disaster of a thread, my guess is he started trading in the middle of the just ended bull market (maybe around late 2004, early 2005).
This is without a doubt the most ludicrous thread I have ever seen on any board anywhere. Stocktrader you say you make 500 dollars a day day-trading? How in the world could you possibly make any money in this market when you keep a stock that drops 10% in one day. You obviously don't have a clue as to when to get out of a stock. You don't have any pre-set exit points WHICH IS A FORMULA FOR DISASTER. It's ok to be wrong. Only a fool continues to hold a stock hoping to prove himself right. My dog has better predictive ability. If you wish to continue to lose money in the stock market then continue to do EXACTLY WHAT YOU ARE DOING. I wish you were one of my customers. Heck I have no doubt I could sell you my inventory at twice what it's currently worth. Get it through your head. The bull market is over. The bear market has started. There will be upturns, but the bear is here for at least 6 months. The best case scenario is the market trades sideways, but I wouldn't bet on it. If you are not going to trade with the trend of the market then don't trade. The trend is down until broken.
Um...I dont think I would want your crappy inventory. The bull market is starting. Look at the nasdaq..it is up 1% on the fed news. The nasdaq made a bottom yesterday and then rebounded off of it very sharply. People are done selling. It is time to buy, and if there is any time to buy it is now. I may be wrong, but im not out. I don't get out because of a single down day if the underlying business is strong. Selling too soon will cripple your yearly returns. Anyway, I can;t change your guys mind. Thats not the point. Time will tell whos right.
At 10:25 EST NQ futures were up one point, not one percent. If you do not get out because of a single day, then you must be out, since the Nasdaq has had MANY down days since it began its near 20% decline.
hey stktrader why dont you remind all of us how your "trading desk" was buying small and mid caps "hand over fist" on May 12th? You guys might want to check your charts to see how badly this buffoon took it if he was buying size 2 months ago. Need we say more idiot.
If you look at the past 4 years of the nasdaq you will see that is had corrected many times, yet recovered EVERY time: http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=3&mn=0&dy=0&id=p14542042506 This is just another one of those corrections, but is it probably over. See how it rebounded sharply off 2005's NOvember's low of 2025? Very bullish. Nasdaq probably going to close up 2% and there WONT be a selloff afterwards. Shorts got too comfortable with the fed, but now the tide has turned. The nasdaq will retouch 2400 in a few months or so. Hate to be short.