Re: Re: Re: Re: Re: Re: Re: Re: OT Chic The stock market is about patience....and being able to spot opportunity. It's definitely not for everyone.
Re: Re: Re: Re: Re: Re: Re: Re: OT alright... time to join the farcas. IMHO: Every person on this board, as in real life, believes they are doing the opportune thing to do at this moment... If you are a Real Estate Investor, Broker, Appraiser, Banker, or new homebuyer, you feel that Prices are going to go UP, or stay stable. If you are "playing" the stock market, are (gainefully) employed in a stock-market related position, you will feel that "housing is coming down, the market is at the bottom, It's time to sell all your property, pay off part of your mortgage to survive the downturn, and invest the money into undervalued stocks". Now: The future is unprediactable. some of us will be right, some of us will be wrong. However, it is impossible to prove either side of the coin as being correct, being that the future is UNPREDICTABLE. I personally, Having my RE License, and being involved in commercial mortgages/ Real Estate Investing, pray and hope that real estate continues to climb. However, if the housing market goes south, there will be a constriction on new construction and more people renting. ( I am speaking of the NY Metro area market, not too sure about the other markets.) therefore, Investment properties, in my book, are a better buy right now then buying for a primary residence, since you are basing your return on income of the property. Having said that, When I have some extra dough ( I am in middle of major construction and re-hab or several properties) I do plan to put some money into the stock market (into companies that are undervalued by HISTORICAL standards, NOT by the standard of "90% below the value in 2000." That stock, even at 90% below that 2000 value, may still be overvalued in my book. so, my advice to all of you: DON'T PUT ALL YOUR EGGS IN ONE BASKET. -- p.s. Mr. Short seller, do you have a stop loss on your stocks if the bets are wrong? or is your exposure unlimited? p.p.s. DISCLAIMER: I did purchase a house for myself just two weeks ago. However, I purchased a home with two rentals, to help cover the monthly mortgage.
Re: Re: Re: Re: Re: Re: Re: Re: Re: OT MS. Short Seller, thank you. I was employed with JP Morgan for over 15 years, so I have a decent grasp of the market. Trading the market is not so much of a gamble, as it is a study of human emotions. A good broker would be wise to take a few psychology courses, rather than waste his or her time studying balance sheets and historical stock information. You couldn't have picked a worse time to invest in real estate. The reasons will become very clear to you over the next 6 months. Being in the business, I'm suprised that you cannot see the obvious warning signs. Today, I cannot think of one stock that is worth buying. Even if you choose something that is "historically low," you are risking your money on the assumption that the company's management is tellng the truth on the balance sheet. Are you willing to believe that a CEO is telling you the truth on the balance sheet? It is much safer to short something that you know will fall, rather than go long on something that could implode without warning. Short-selling is not the nasty evil that CNBC and Wall Street want you to think it is. Everyone who can legally do it on Wall Street is short selling. It is the only low-risk way to make money in the market in this sort of environment. Patience, averaging, and a keen eye for the obvious are all that's required. When the bottom falls out of the current bear rally, there will be no one there to catch the market for a long ride down.
Re: Re: Re: Re: Re: Re: Re: Re: Re: OT Too much, small cap OXGN any ideas? Just curious check it out.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: OT Being that it's a bio stock, you're playing with fire. It could go up 300% from here if their trials come through, or it could drop right back down to $2 in a heartbeat. They lose money, their assets have fallen by over 50% over the last two years, and they just sold some more stock two weeks ago. Strangely(not), their stock started to run three weeks before they announced the new issue of shares. Ask yourself this: Do you think they really have the cure for cancer, or are they just trying to run their stock price up so they can raise more money to continue research? It's probably the latter... If you believe in the company, buy it when it pulls back, not after it's run up from $2 to $10.
Re: Re: Re: Re: Re: Re: Re: Re: Re: what is your answer to the above questions? If you answered it in your post somewhere, then I missed it...
Re: Re: Re: Re: Re: Re: Re: Re: Re: ""The future is unprediactable. some of us will be right, some of us will be wrong. However, it is impossible to prove either side of the coin as being correct, being that the future is UNPREDICTABLE.""" Greespan working like a clock. Intrest rates went down today, I predicted the future!!! Now someone hire me
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: No, I do not use stop losses on a short sale. There's no reason to do so.
