Fb.......time To Buy?

[hxtr]

Hxtr, you can join my anarcho-syndicalist commune! You can even be Executive Officer of the Week ( as long as Rugger ratifies that!).

 

anarcho-syndicalism holds to the idea that power corrupts.

 

Sign me up.. I would be honored. hahahaha

[Exe]

Fall to $18.06 today, fall does not stop

[Shamu]

yea the crash in 2008 did not hurt anyone. Just the people that lost all their money.

 

Then I suppose you also know that those who basically left there money where it was have not only regained anything they lost and have also substantially increased their wealth. Admittedly there can be problems for seniors or persons who have an immediate need of their savings and may not have the time needed for recovery. Thats why investment strategies change with age.

 

Better yet are those who timed the market and even further enhanced their financial position. Personally I received some very good advice and was not very badly effected by the drop in 2008. A very close friend with whom I had played racquetball for many years at the time was a very well placed loan officer for one of Americas largest banks. (As an example The Donald was one of his clients) He warned me of the looming banking credit issues and advised me to go conservative ASAP with my investments. I was out of the market, other than bonds, in Sept. 2008. Would need to research as to when I started dabbling back in again but mostly only in mutual funds.

 

1987 hurt but I also got it all back plus. Then again I did not have as much to lose back then.

 

The market historically corrects itself but also historically outperforms conventional savings plans such as bank accounts and CD's.

 

Another little tidbit is to beware of October in general. Usually a bad month for the market. I will certainly be adjusting my investments by mid to late Sept simply as a historical precaution.

 

I take the liberty of posting this link in support of my comments:

 

http://stocks.about....102107crash.htm

 

As always do your own research and do not take as gospel anything said in forums like this.

Edited September 2, 2012 by Shamu

[Shamu]

Shamu the stock market causes jobs to go away or shipped overseas PERIOD!!!!!!!

 

When I call tech support for HP, Dell, Microsoft and many others... I talk to India. Nothing against India but these used to be US jobs.

 

When you buy a car rather make them here in the US we import the steel from Japan and all the parts are made from Mexico to China.

 

Walmart is caused countless small business owner to close their door.

 

Microsoft's drive to control the market made so many software companies to close their doors due to investors money.

 

Having worked for many Oil companies like Dynegy... you see what the drive is about. Stock price. When Dynegy's stock hit $50 a share Chuck Watson handed all of us a $50 dollar bill. Dynegy made a mock trading floor.. fake and all for show. They would bring clients in then get some traders to pretend to work just for show. We were spending money like drunken sailors. No offense Beers. If I wanted a server they asked what kind and when do you want it.

 

Then good old Enron... they were hiding for a very long time that they were out of money. But they kept showing huge profits through corruption until the bubble popped when Dynegy tried to buy them and seen their books were fucked then Dynegy backed out. Then Market crashes.. many people lost everything and we suffered big time and started to recover until 911. I had a friend at Enron that lost 7 million dollars.. gone over night. Execs could sell their stock but the employees ability to sell the stock was frozen.

 

Dynegy took over the First International Bank building now called Wells Fargo Building. They took all the floors from 25 to 72. I worked on the 64th floor. They wanted the upper floors so when they looked out the window they were looking down on Enron. Enron was bigger a the time and had dibs on pipelines. When I was left Dynegy they wanted to sell internet bandwidth like they did oil and gas. Fucking retarded.

 

Fuck these companies.. they are a bunch of children and their egos make them think they owned the world. They have caused so much damage to our lives and our economy. But the Stock Market is good. Fuck that.. it is pure evil.

 

And last but no least. I worked for Paranet for 4 years and we were private. We were rocking and making big money. I went form $37,500 to 72,000 a year plus overtime in 4 years. We go public selling our souls to Sprint (I fucking hate sprint) for 460 million. We could not even get discount with Sprint PCS. We lost all ability to make overtime. I went to a meeting with the CEO. He wanted selected people to have a round table. I got to the meeting pretty livid. I just got done working 90 hours a week preparing for Y2K for 3 months and then the said no more overtime and that it would be bonuses at the end of the year. I did not care what I said as I had my resignation in hand. They get to me and I start off about overtime. He gives a song and dance and I begin to debate him. He was clearly getting pissed.Then he cuts me off by telling me... "If you came here to make money.. you came to the wrong place". I said ok that fine... I got run, have a great day. I walk out go to my boss and quit... he was pissed I left... shocked the shit out of them. Then I went to work for Dynegy as an independent consultant making $ 80 dollars an hour. That pissed them way off. Was not long and Sprint Paranet was no more. They bought us just to take a small piece from us and killed the rest. They had no care for the employees.. it was all about making more and more money for the Stock Market.

 

Private companies is what it should be. Not no fucking Stock Market. If you invest you invest with that company not the Ponzi scheme method we have now.

 

But I glad it is easy money for you.

 

NAFTA has some effect on jobs going overseas. Fuck NAFTA.

 

Union scale wages presents other problems and I am a UAW member but also a realist.

 

Not sure how the stock market has anything to do with it because there are stock markets all over the world not just here.

 

Walmart sells cheaper so people shop there. A shame for Mom & Pop but it is capitalism in action.

 

BTW, you could have made money with ENRON after the tanker mishap. Same with BP after the oil rig fire. Me, I am not ashamed to try and make money off a companies misfortune and it's future outlook. ENRON and BP are good examples, they are too big to stay down over a accidental mishap.

 

I am still trying to figure out FB. Are they down only because of the really bad publicity or do they really suck? For now still dropping. Sooner or later the bottom feeders will buy in, the key is to try and know when.

 

Some of your issues I can sympathize with but to lay the blame on the stock market is a bit far fetched.

 

Mellow out and vote for Romney.

 

(Do posts get deleted for a political comment?)

Edited September 2, 2012 by Shamu

[Shamu]

BTW, you could have made money with ENRON after the tanker mishap. Same with BP after the oil rig fire. Me, I am not ashamed to try and make money off a companies misfortune and it's future outlook. ENRON and BP are good examples, they are too big to stay down over a accidental mishap.

 

Here I am quoting myself over a senior moment mistake from above, EXON (XOM), not ENRON as stated above.

 

Looking back I wish to hell I should have even stayed with EXON longer than I did. Making me sick looking back on it. (I am a greedy bastard but greed is good.)

 

Oh well, if the Queen had balls she'd be a King.

Edited September 2, 2012 by Shamu

[Shamu]

$17.73, how low can it go?

 

This is very tempting except I am usually not very good at bottom fishing.

[hxtr]

$17.73, how low can it go?

 

This is very tempting except I am usually not very good at bottom fishing.

we can only hope ZERO.

[Exe]

$17.73, how low can it go?

 

This is very tempting except I am usually not very good at bottom fishing.

we can only hope ZERO.

They have played too fast, they gonna lose fast ^^

[Shamu]

$17.73, how low can it go?

 

This is very tempting except I am usually not very good at bottom fishing.

we can only hope ZERO.

 

Ahhhh my friend Hxtr, you need to stop approaching life like a personal vendetta.

 

Focus only on the logical as Spock would do.

 

Life would be much less stressful and you might even make some money.

 

Of course you could lose some too.

 

I am in undecided mode.

 

Of course my latest stock pics are all in the tank for now. If the market were a game of odds I would be due for a winner.

Edited September 4, 2012 by Shamu

[Shamu]

Week close at 18.98, damn if I had balls I could have made some money.

[hxtr]

your a big fish.. they are soft...

[Shamu]

It appears to me that FB is bottom bouncing. Personally I do not expect any drop much below 18.00 if it even hits that level again.

 

If it does get below 18.00 again I think I will test the waters.

 

Down .32 as I type at 18.65. Some profit taking going on.

[fireurza]

yea the crash in 2008 did not hurt anyone. Just the people that lost all their money.

 

Then I suppose you also know that those who basically left there money where it was have not only regained anything they lost and have also substantially increased their wealth. Admittedly there can be problems for seniors or persons who have an immediate need of their savings and may not have the time needed for recovery. Thats why investment strategies change with age.

 

Better yet are those who timed the market and even further enhanced their financial position. Personally I received some very good advice and was not very badly effected by the drop in 2008. A very close friend with whom I had played racquetball for many years at the time was a very well placed loan officer for one of Americas largest banks. (As an example The Donald was one of his clients) He warned me of the looming banking credit issues and advised me to go conservative ASAP with my investments. I was out of the market, other than bonds, in Sept. 2008. Would need to research as to when I started dabbling back in again but mostly only in mutual funds.

 

1987 hurt but I also got it all back plus. Then again I did not have as much to lose back then.

 

The market historically corrects itself but also historically outperforms conventional savings plans such as bank accounts and CD's.

 

Another little tidbit is to beware of October in general. Usually a bad month for the market. I will certainly be adjusting my investments by mid to late Sept simply as a historical precaution.

 

I take the liberty of posting this link in support of my comments:

 

http://stocks.about....102107crash.htm

 

As always do your own research and do not take as gospel anything said in forums like this.

 

 

you do realize that is considered insider trading right?

[fireurza]

FB is gonna keep going down... their strategy is pissing off investors... if you are looking for a stock take a look at IBM they should be going up later this year. also watch Alcoa (AA). Stay away from apple til after the iphone announcement cuz if it changes the plug or does a few other things you can expect it to drop hard.

 

i used to manage a friends portfolio when i was in school to become an aircraft mechanic... he had me manage it because in one trade over one week i increased his money from 150k to 245k... god i love when stocks split

[Shamu]

you do realize that is considered insider trading right?

 

If referencing my banking friend, no that is not insider trading at all in any way, shape, or form. Being a high level loan officer in a bank only gave him knowledge of the state of the credit industry in general. Credit failures were the main factor driving the crash. He could see that coming. No doubt he knew what the financial conditions were for many banks.

 

He never referenced any company or bank, merely that he foresaw a credit crisis about to unfold that would effect the market.

 

To be insider trading you need to be directly involved with a particular company at a specific level, generally an officer, that gives you insight into potential matters that will drive stock price either up or down. Usually all trades of company officers are registered with the FTC.

 

In the case of my friend he could not give me information on any company he represented as a loan officer. That would be illegal be it insider trading or not.

 

Good advice on the state of the credit industry on a whole is simply that......... damn good advice and a fair warning that the market overall might be effected.

Edited September 10, 2012 by Shamu

[Shamu]

 

i used to manage a friends portfolio when i was in school to become an aircraft mechanic... he had me manage it because in one trade over one week i increased his money from 150k to 245k... god i love when stocks split

 

You confuse me by tying the profits you made to loving a split.

 

A split does not change the value of a share one penny. For a basic example, if a share is worth $30.00 and it splits 2 for 1 you will simply have 2 shares at $15.00 each. No additional value or money, still $30.00.

 

A primary reason for a split is just to make the share price more attractive to future investors.

 

It adds no value at all to your portfolio.

 

The way you tied your comments together may be why I am questioning your love of splits since profit and splits are not directly related.

 

The below link explains things better than I. It is worth understanding if in the market.

 

http://www.investopedia.com/ask/answers/113.asp#axzz265gchTo8

[fireurza]

i used to manage a friends portfolio when i was in school to become an aircraft mechanic... he had me manage it because in one trade over one week i increased his money from 150k to 245k... god i love when stocks split

 

You confuse me by tying the profits you made to loving a split.

 

A split does not change the value of a share one penny. For a basic example, if a share is worth $30.00 and it splits 2 for 1 you will simply have 2 shares at $15.00 each. No additional value or money, still $30.00.

 

A primary reason for a split is just to make the share price more attractive to future investors.

 

It adds no value at all to your portfolio.

 

The way you tied your comments together may be why I am questioning your love of splits since profit and splits are not directly related.

 

The below link explains things better than I. It is worth understanding if in the market.

 

http://www.investope...p#axzz265gchTo8

 

 

i know what a split is and i also know that most companies stock also goes up after a split so your 2 to 1 split at $30 originally goes to $15. if you had 100 shares you now have 200 shares... if the stock goes up right after the split which is the case most of the time say it goes to $20... thats an original investment of 3000 turned into 4000... a profit of 1k cuz of a split... i have played the stock market for 13 years and even though i am only 16 i have had plenty of luck with it... i have only worked for 5 years of my life the rest of my money comes from the little i have been able to invest in stocks.

[Shamu]

i have only worked for 5 years of my life the rest of my money comes from the little i have been able to invest in stocks.

 

I congratulate you on investing. Since you have money to invest then I am left to conclude you also must be wise about saving.

 

Too many of us do not understand the value of saving and investing and fail to take advantage of what is available to all of us.

 

Even Hxtr who thinks the market is some kind of communist plot..........

 

Barring, of course, unfortunate circumstances that impact on income.

Edited September 11, 2012 by Shamu

[fireurza]

yes i do save... at least 20% of the money i make is saved... not just for my future but for my kids. i dont play the stock market as much as i used to but i am still making at least 1 trade a week... mostly i do forex trading now. funstick kinda got me into that a while back

[Shamu]

yes i do save... at least 20% of the money i make is saved... not just for my future but for my kids. i dont play the stock market as much as i used to but i am still making at least 1 trade a week... mostly i do forex trading now. funstick kinda got me into that a while back

 

Our dialogue may confuse some young people who do not use the market or have any understanding.

 

Some seem to think you just "Play" the market. Too me that is regularly buying and selling as opportunities present themselves, that is playing the market. Comes with some risk.

 

The other way is to "Invest" in the market. Something usually seen in IRA's and 401's but also available as an individual investor. Mutual Funds and now ETF's are the general investment type for company 401's and IRA's other than buying your own companies stock. Probably on the safer side.

 

Investing is more closely linked to saving. While playing is more closely linked to educated gambling. Sure beats risking your money at a casino.

 

The key is to do your research. Too many great resources via the internet available to Joe Average to trust blind luck. All market plays or investments should be supported by individual research or registered broker guidance.

[Labob]

HXTR its easy. would you pay 75 bucks more for an exact copy of a lap top the only difference being the more expensive one was made in North America. Like wise would you allow your wages to be reduced so the product your company makes can compete in North America ? Our never ending demand for nifty little peices of junk at an ever ending lower cost has forced everybody to go over seas. Shit made in Canada is cheaper in the states them it is in CAnada. So if you want to feel good by local if you want to save a buck buy Chinnese

[PingLo]

I'll be honest, I'd rather buy from an American company that has the intelligence to get their labor cheaply elsewhere and keep the intellectual ability and larger profit centers here rather than one that tries (mostly in vain) to keep it all on our shores, or even in our continent. That being said I use Apple products (produced offshore by a US company) and drive a Jeep (produced in the US by a US organization that is mostly owned (61.8%) by an offshore overlord). I'm not paying massively extra for all local content, I'd consider it if there were local possibilities and encourage it when it makes sense.

[fireurza]

yes i do save... at least 20% of the money i make is saved... not just for my future but for my kids. i dont play the stock market as much as i used to but i am still making at least 1 trade a week... mostly i do forex trading now. funstick kinda got me into that a while back

 

Our dialogue may confuse some young people who do not use the market or have any understanding.

 

Some seem to think you just "Play" the market. Too me that is regularly buying and selling as opportunities present themselves, that is playing the market. Comes with some risk.

 

The other way is to "Invest" in the market. Something usually seen in IRA's and 401's but also available as an individual investor. Mutual Funds and now ETF's are the general investment type for company 401's and IRA's other than buying your own companies stock. Probably on the safer side.

 

Investing is more closely linked to saving. While playing is more closely linked to educated gambling. Sure beats risking your money at a casino.

 

The key is to do your research. Too many great resources via the internet available to Joe Average to trust blind luck. All market plays or investments should be supported by individual research or registered broker guidance.

 

yep there are a ton of resources and most people dont even realized some of them... the news on companies is a big thing like apple doing its show here soon is gonna bring a bunch of investors in prior to it in anticipation or a spike from the news of an anticipated iphone 5 though i think the iphone is going to be missing a few major thing people want

[hxtr]

im impressed with fireurza.... nice job man. Shamu is very correct.. saving is a lost art. Looks like you wont have that problem.

 

But the stock market is gambling.. it's not the way things should be.

 

As for Labob.... if you grew fresh tomatoes and sold them for 25 cents a piece more than walmart... for sure I will buy yours as you are my neighbor.

 

If you make a tshirt and it is made here in the USA and the same thing is made in China for 5 dollars less of the same quality... i choose the made is USA. I will pay more to keep jobs here in the USA.

 

But if the Americans cant build a fucking quality car like they have had problems with for decades.. I will buy a Japanese car that I know is of better quality.

 

Buying American is like savings.. is also a lost art. So let me be clear.........

 

Due to the Stock Market all of our jobs, goods and other have gone over seas. Due to the constant need to grow and make more profits... we are in the shape we are in today. So congratulations for supporting the destruction of the Unities States.

 

Obama bless you all....

[Heffalump]

Just thought I would chip a little in here, Stock market is not the root of all evil, greed is.

 

Greed is not good, greed is a method of upsetting the cart for others.

 

You guys say you are quite happy to sponge off companies and feel you have done them over such as BP, but you do realise on average that £1 in every £5 of everyones pension in the UK is linked to them?

So by getting one over on a company like BP, you are quite happy with hurting UK citizens and their futures right? Or perhaps those who invest in it say, Kraft for example, use borrowed money to buy Cadbury's, and thousands lose their jobs all for market share and share value. The price paid for dividend and share vlaue is a very high one indeed.

 

Hence, greed is pure evil, nothing truly good comes of it, perhaps only for those who profit from it. Although I will say, the stock market seems a mechanism of the greedy, rich get richer, poor get poorer by in large. Oh, if only the world were a little simpler!