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I'm busy trying to gain cred by making up about how much money I make on a msg board. Haven't checked the market.
I'm down 6K in 5 days.
how about you guys?
I'm busy trying to gain cred by making up about how much money I make on a msg board. Haven't checked the market.
Hurts, but glad I pulled 20% out of stocks for a down payment last week.
I took some losses last week thinking this was going to happen and went to 50% cash. About to put it back in, though...one of my favorite long term plays ( a LNG company in final stages of approvals) is getting killed along with oil prices. About to buy back in dirt cheap next week.
I buy stock with the notion of divedends. I don't worry about the inevitable falls and declines. I am in it for the steady stream of cash with solid companies.
Speaking of which... Time to buy some more
I don't have nearly enough in the market for dividends to amount to anything.
You guys see a bottom very soon? So many variables.
Down 15K in past two weeks.
I'm watching energy stocks right now. I think the fracking industry has been prematurely declared dead. Yeah I expect oil to dip into the thirties but I don't think it's gonna stay there. I think it will stabilize around $50 and WILL knock out some of the higher cost lower tech players around the world but the US frack technology will be able to make plenty of money at $50.
Down several thousand recently.
Like InRareForm, I mostly stick with dividend stocks and funds.
I love playing with high risk growth stocks. It's like the thrill of Vegas without the hookers and blow.
I took it in the nuts on a chinese silver mine play recently...still don't understand what happened on that one...damn company is a proven low cost producer, has 80 million in the bank (almost 50 cents per share cash). Silver has always tracked somewhat along with gold but also has lots of industrial applications...especially in solar panels...every panel made uses 2/3 ounce of silver...with the bazillions of solar panels being produced silver should inevitably increase in value even if gold doesn't...anyway...bought in at 1.20 and then this chinese stock market happened and that baby got thrown out with the bathwater and took a major dump...I sold it at 80 cents when it was about to be delisted on the NYSE...
I want to retire in a couple years, i cant be chancy... Been sticking to conservative and moderate-conservative funds. XOM is a very large holding for me though, and thus I've been goin' down down down for about a year.
Nice dividends though
Sometimes conservative means sitting in cash for awhile. September/October historically has brought some doozy corrections and this one looks to be worse than usual since it was bubbled to start with.
I vividly remember October 19, 1987...I was elk hunting in Colorado...packed out an elk on horseback, loaded the horses and the elk and got in my truck... turned on the radio just as they were saying the DJIA had crashed 500+ points (over 22% at the time) in one DAY. I thought I heard it wrong.
I exited long futures ositions yeasterday in Feeder Cattle and Natural Gas for the only reason that I wasn't going to be around to baby sit them today. Thank God. I think I'm going to look at shorting several commodities futures next week.
I'm still pumped about my LNG stock position even though it's been hammered with the drop in oil and I'm down 5K on paper. I'm going to try to catch close to the the bottom and drop another 10K in it. It's well under $2 today and could easily be at $20 in 4 years. The market hasn't realized that the cheaper NG is the more attractive LNG becomes and the LNG plays like Cheniere (not the one I'm playing) get their tolling charge no matter what the commodity price is. Get the long term contracts in place and get the liquification plants built and it's a multi billion revenue stream for 20+ years.
I am wondering if vanguard natural resources is a good play soon. Very cheap, they offer 11 cent divendeds , And major upside.
down 25k on my portfolio
it'll bounce back, not worried here
Interesting play. Super cheap if they can maintain that dividend rate.
Only 6K down after this horrific weak? I would say you're a winner.
I don't know anything about vanguard natural resources but if it's what I think it is, then the reason it's so cheap is precisely because few people think it can actually maintain that dividend... and to be honest, considering the price of oil and where it could be going (even lower), it also has major downside.
gonna get even uglier. Dow and NASDAQ down big in futures this morning. China has everyone spooked.
Also, oil into the 30's this morning.
Oil has been in the 30's since last night.
My bad...I thought you were predicting oil going to 30's.
Whoa! Dow opened 1000 points down.
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