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Stock Market

Discussion in 'BlackHat Lounge' started by chillyd, Nov 19, 2008.

  1. chillyd

    chillyd Junior Member

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    I mean gosh dammit. What the heck. I am heavy into tech stocks like an idiot. Is this shit ever going to recover.

    Someone needs to kick Yang and Ballmer in the sack.


    Sorry had to vent..
     
  2. mrjinx

    mrjinx Regular Member

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    Man - I feel for ya bro. I lost over $20k in 2000 when it crashed down and again about a year ago. I stopped playin' the tech stocks because I lost my arse.
     
  3. fabio

    fabio Regular Member

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    This "shit" will recover, but gonna take some time (well, lots of time). Now's not a good time to own/buy stock. I had 5k in mutual funds in August, I'm too afraid to check it now. The way things are going I think I owe them money ;)
     
  4. chillyd

    chillyd Junior Member

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    I hear ya. My mutual funds are down 30% also.
     
  5. wakkaoaka

    wakkaoaka BANNED BANNED

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    it will recover, it's just when... thats the tough question.
     
  6. natatasha32

    natatasha32 Registered Member

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    I feel your pain, my friend.

    One of my elderly co-workers told us that this has happened a number of times in the past.

    He stated to us to just hold tight, keep your money in and it will straightened itself out.

    He described Wall Street as a "locomotive with a virus". "Once it gets over its sickness or cold, it will be stronger and mightier than ever!"

    I hope he's right!
     
  7. stylesb

    stylesb Regular Member

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    I havent even opened my 401K statements from the past 2 months.
     
  8. java

    java Guest

    Any predictions, one way or the other are pure speculation. We've never been in a financial situation/environment like we are today. Anyone that say they know how or when the market will go back up is either a fool or a liar.
     
  9. stylesb

    stylesb Regular Member

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    DOW just closed under 8,000

    -msg too short-
     
  10. Axem

    Axem Registered Member

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    lololol the monetary system is collapsing... lets all go storm the fed and create a moneyless society
     
  11. WickednDivine

    WickednDivine Executive VIP Premium Member

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    The "tech" company i work for is laying of thousands of people :(
     
  12. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    this is why i'm not trading forex atm. I trade with a lot of tried and tested technicals, but due to the volitility and current conditions, they just can't keep up.

    Started to lose some serious money so i put everything on hold until atleast april next year.

    Events like this are far too common these days though, so im beginning to doubt whether my plan of action is right!
     
  13. pood

    pood Newbie

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    So much for my GM stock, half price in 2 weeks.
     
  14. wakkaoaka

    wakkaoaka BANNED BANNED

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    Well as we all know. Twinkies are the only thing that can survive a nuclear holocaust. So i am going to invest all my money in twinkies. Why? Because the recession = armageddon. Everyones gonna nuke each other, and i will be sitting pretty with my load of twinkies.

    If you hadnt noticed yet im being sarcastic. Yes i know im captain obvious but so many people do not see sarcasm.
     
  15. Optic88

    Optic88 Regular Member

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    For get tech stocks for now infact for get all stocks. Check this out from 2000-2008 if you were to buy 1000 bucks in beer then turn in the bottles at 5cents each you would have 320 bucks. If you put int 1000 into Wamu and sold in 2008 you woulda had 184, (there were others but the point is) Drink beer and screw stocks =)
     
  16. WickednDivine

    WickednDivine Executive VIP Premium Member

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    I've always felt that the Internet needs a standardized "sarcasm" font. I hate when people dont get sarcasm online
     
  17. chillyd

    chillyd Junior Member

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    I know i will get bashed for saying this, but Yahoo for $9 a share Microsoft for $18 a share. I know there is always risk, but I gotta think these are easy doubles within a few years.
     
  18. YoungGuns

    YoungGuns Regular Member Premium Member

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    lol there actually was a Family Guy episode about a nuclear holocaust. They didn't starve because they found a twinkie factory, and like everybody knows, twinkies are the only things that can survive a nuclear holocaust.
     
  19. klrpnda

    klrpnda Newbie

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    If i had any money to invest I would be buying right about now. I would invest a equal amount in all 30 Dow Jones industrial average companies. I believe this is the time to buy. The index is at 8000 and just a year ago it was at record highs of 14000. The way I see it we will break past that number in a few years. I mean what else do you guys think can happen? If all those companies go out of business I think there are bigger things to worry about than loosing money in the stock market. Plus you have to buy low and sell high
     
  20. loclhero

    loclhero Supreme Member

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    The old saying still applies IMHO: If you need ANY money within approx 5 years you should not have it in stock. Other than that, you'll probably be okay. If anything, now is the time to buy. But not in just one sector. Diversification, dollar cost averaging, these are all tried and true standbys. This blows no doubt about it but it'll come back.