Stock market....

[KatDiesel]

Doncha ya love it when you sell a stock at $61. 50 and then about a week later its upto $64. 30??? Oh well I didn't "lose" nuthing since it was given to me by my company

 

[tcourse]

Better than buying at $46. 00 and watching it go down to $. 05



TC

 

[KatDiesel]

It closed at $65. 05 today. I knew I shouldn't have sold at $61. 50

 

[gatoram]

:rolleyes :--) :{



That's how i feel when i buy/sell. I enhanced my income with the market when it was strong and the first thing i learned was-NEVER LOOK BACK. Sounds good, but... . When i sold something, i'd remove it from the portfolio so i couldn't watch it. I know how you feel



Tom

 

[KMC]

Sometimes it is better to get out and lock in a solid gain than to wait and wait hoping to eak out that last bit of profit only to have it fall back again at a loss. Has happended to me many times. My Dad after investing for many years and being in his 70's has now adapted this more conservative strategy. He sells early and is thankful for the profit he does get and never looks back. Less risky at his age and seems to be more profitable in the long run than trying to "time" the market just right. Something that people have just never been able to do, otherwise we would all have very fat portfolios by now!



Now if you buy high and choose to sell low that is another story..... Never a good idea but sometimes necessary... .

 

[Whitmore]

I have been looking at Williams Communications WCG they are the largest fiberoptics interstate in the world, the stock is like 18 cents right now and considering bankrupcy, but if they pull out I think they could make some cash, They were a spin off from Williams and got in trouble from the split and are getting sued by investers but Williams has plenty enough cash to bail this deal out and if they do the stock will be worth having ... ... ... ... ... IMO... ... ... ... ... Kevin

 

[JR2]

Hey Whitmore - go look at XOXO. ob Used to be XOXO on the Nasdaq. They are in the same business as williams, global crossing. . etc. I would steer way clear of them till they get everything worked out. Buying stock before a chapter 11 is risky becuase they alwasy reverse-split the stock. I bought some ForceEnergy while they were in Chapt 11, when they came out my 350 shares turned into 6 shares.....

 

[KMC]

I am very leary of shares trading down in penny stock area in general. I put $1400 into a penny stock once because it was supposed to be the latest and greatest, hottest potential gainer (after all AOL was a penny stock once too, etc. , etc... ) My investment today is worth 11 cents!!!!!!! Not even half of what I paid for one of the 7000 shares that I bought. NEVER again. I learned my lesson and once is enough. Over and over we hear the conventional wisdom of seasoned investors: " Employ DD, Invest regularly in stable companies through the highs and lows and build a well ballanced and diversified portfolio" Do we listen? Nooooo... . We are always hoping for the big one that is going to make it, or dumping high percentages of our money into what is supposed to be the up and coming "hot sector" Does it pay off - not usually. I for one am beiginning to listen... . I may not get lucky and get rich quick like some, but I most likley will not loose it all like some who hoped they would.



PS I remember when XO Communications was hot and almost bought some shares. Never did though and am obviously glad!



There are some very good companies at bargain prices now however. Ones that I believe (disclaimer here) will go high again when things improve. A few of my favoirites:



CSCO, AMD, EMC

 

[me4osu]

Fidelity Mutual Funds

The only way I play the market. I let them do the work. If I were in control of the stocks I own, I would be broke.