jrbikes
624 posts
msg #53048
- Ignore jrbikes |
7/12/2007 7:19:53 PM
all stocks are crap, you wont pay $500.000.00 for a $50.000.00 house, but people pay $80.00 for a $20.00 stock, so whats the difference? I am going to post my penny picks on this site, exit is RSI(14) at 80, entry is, cause I can! back before trading was so prevalent in the do it yourself faction, I watched my hard earned 401 money dissapear! yeah, BLUE chips!
blah blah blah!
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nikoschopen
2,824 posts
msg #53056
- Ignore nikoschopen |
7/12/2007 11:00:19 PM
you wont pay $500.000.00 for a $50.000.00 house, but people pay $80.00 for a $20.00 stock, so whats the difference?
Because I know there are bigger idiots than me who will pay more. ;)
But you should first learn not to get emotionally attached to your stocks. Their all dogs anyway.
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nikoschopen
2,824 posts
msg #53062
- Ignore nikoschopen |
7/13/2007 10:11:54 AM
Yahoo! Finance reads "Retail Sales Take Steep Fall in June".
See, we pushed up this market yesterday for nothing. All in vain. There's no place like stock market where you can learn about the idiotic behavior of human psychology. It makes me practically sick that I wanna throw up.
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karennma
8,057 posts
msg #53063
- Ignore karennma |
7/13/2007 12:52:11 PM
What?
Hey wait a minute!
When I turned on CNBC this morning, after the opening the bell, they said retail sales were up. They said the same thing last month. They are LYING!!
THIS is why I'm so skeptical about this market.
THIS is why I'm so cautious. But the market keeps going up.
WHO THE HELL is telling the truth????!!
And who is lying???
My niece works at a mall. Just yesterday she told me the mall was quiet.
So, what's up with CNBC?
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karennma
8,057 posts
msg #53064
- Ignore karennma |
7/13/2007 12:54:58 PM
jrbikes
jrbikes 7/12/2007 4:19:53 PM
all stocks are crap, you wont pay $500.000.00 for a $50.000.00 house, but people pay $80.00 for a $20.00 stock, so whats the difference? I am going to post my penny picks on this site, exit is RSI(14) at 80, entry is, cause I can! back before trading was so prevalent in the do it yourself faction, I watched my hard earned 401 money dissapear! yeah, BLUE chips!
blah blah blah!
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jrbikes:
Didn't you make your money back on your 401K?
I would think most who lost in 2000, are at least at breakeven by now.
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karennma
8,057 posts
msg #53065
- Ignore karennma |
7/13/2007 12:55:29 PM
jrbikes:
problem with pennystocks is .. most of them ARE crap.
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nikoschopen
2,824 posts
msg #53066
- Ignore nikoschopen |
7/13/2007 1:16:05 PM
CNBC is crap. Their content sucks and there's no news to even talk about. What they cover are the product of yesterday. Why do you even bother watching it? Even my dog leaves the room when I flip the channel to CNBC.
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nikoschopen
2,824 posts
msg #53067
- Ignore nikoschopen |
7/13/2007 1:20:42 PM
Didn't you make your money back on your 401K?
I would think most who lost in 2000, are at least at breakeven by now.
Not if you bought the Nasdaq, which only recovered half of its lost ground. In addition, what you say is true to the extent that you bought the index related ETFs. The end result could be vastly different for each stock. While some have either matched or outperformed the index, some have yet to dig themselves out of their miserable grave.
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karennma
8,057 posts
msg #53068
- Ignore karennma |
7/13/2007 1:45:15 PM
right .. like MSTR and RMBS.
tell me about it!
:>(
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jrbikes
624 posts
msg #53120
- Ignore jrbikes |
7/14/2007 10:05:59 PM
no! I didnt make it back, had to cash out and pay that big government tax of 40%, sometimes life doesnt go like you want it, kind of like the market, thats why penny stocks are 2 to 5 day holds, if your not a greedy person, there is a lot of profit in them, just that learning how they work is very difficult, I didnt think any one would reply any way.
My personal opininon is that the markets were created as a vehicle for wealth redistribution based on the pschology of human nature, if you understand that, then you have a chance! if not, you might as well give your money to the gold dealer at the car wash!
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