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The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Goodbye commodity profits. Although I have absolutely NO IDEA why AWR (long position) has been pushed down so far. Not good enough of a sale price for me to buy, though.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
Goodbye commodity profits. Although I have absolutely NO IDEA why AWR (long position) has been pushed down so far. Not good enough of a sale price for me to buy, though.
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I am just waiting for an entry point. I am not sure we are near a bottom at all but I will soon be adding to my gold and platinum on deep enough dips as I have since 1982. Friday i did some selling of parts of my holdings-I get nervous when any one sector becomes too large a percentage of what I have no matter how well the individual stocks have done. Sold some tobacco (PM) and a few REITs and some drug stocks. Not anxious about sitting with cash today.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

DrDemento said:
I am just waiting for an entry point. I am not sure we are near a bottom at all but I will soon be adding to my gold and platinum on deep enough dips as I have since 1982. Friday i did some selling of parts of my holdings-I get nervous when any one sector becomes too large a percentage of what I have no matter how well the individual stocks have done. Sold some tobacco (PM) and a few REITs and some drug stocks. Not anxious about sitting with cash today.
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Today's a decent day to buy. Granted you'll find some better prices in the summer and early fall...
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
Today's a decent day to buy. Granted you'll find some better prices in the summer and early fall...
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My advisor has strongly disagreed with me on this-but i try to sell whatever I want to before tax day. I do not buy much unless I feel something has just become grossly oversold until after the summer and usually closer to October and repeat that cycle yearly. You know sort of 'sell in May and go away'. I do not know if this works for anyone else but it has been fairly successful for me. I am still quite heavily invested in yielding instruments which tend to stay rather stable but I still keep careful watch. It is becoming more difficult to get decent yield without sacrificing safety. But there is little recourse with banks paying miniscule interest on CDs and money market accounts.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

DrDemento said:
My advisor has strongly disagreed with me on this-but i try to sell whatever I want to before tax day. I do not buy much unless I feel something has just become grossly oversold until after the summer and usually closer to October and repeat that cycle yearly. You know sort of 'sell in May and go away'. I do not know if this works for anyone else but it has been fairly successful for me. I am still quite heavily invested in yielding instruments which tend to stay rather stable but I still keep careful watch. It is becoming more difficult to get decent yield without sacrificing safety. But there is little recourse with banks paying miniscule interest on CDs and money market accounts.
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I'd tend to agree with the advisor given you still have two weeks remaining before the sell-off really starts. You said it well, "sell in May and go away". However, you only want to do that with short term and speculative money, which I assume you have some of. The way I see it: Whatever you need to gain the interest in order to survive, keep it there. It's much better garnering interest than not in the game. The rest is a good discretionary fund. That's your play time. See what you can make with it. Obviously don't blow it all. Do take some chances though, since you aren't going to get anywhere if you don't. Maybe put some of it into an oil royalty, since that goes up in the summer before retreating in the late fall (usually it follows about the same curve that the price of oil does, since the distributions are dependent upon the price of oil), and you'd find it to be a great post-tax source of income because the distributions work a little differently from common dividends. Electric utilities also do pretty well in the summer, given that's when the earnings really come in.

I may actually sell off my financial position (HRB) soon, looking probably around when it goes ex-dividend.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

There was another flash crash today. Who had buy points set up? You probably hit one or two of them.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
There was another flash crash today. Who had buy points set up? You probably hit one or two of them.
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The Associated Press Twitter was hacked with a post saying explosives went off at the White House and Obama was injured.

Meanwhile, some schmuck with split second timing probably just made a couple million.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Twitch Boy said:
The Associated Press Twitter was hacked with a post saying explosives went off at the White House and Obama was injured.

Meanwhile, some schmuck with split second timing probably just made a couple million.
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Or someone with a whole bunch of limit orders set up for day trading made a bunch.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Twitch Boy said:
The Associated Press Twitter was hacked with a post saying explosives went off at the White House and Obama was injured.

Meanwhile, some schmuck with split second timing probably just made a couple million.
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You can be **** sure the SEC would look into this.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
What are they going to do? The same nothing they did as a result of the flash crash of 2010?
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All I'm saying is that you can be **** sure to make sure this wasn't securities fraud. Sheesh.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

dxmnkd316 said:
All I'm saying is that you can be **** sure to make sure this wasn't securities fraud. Sheesh.
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Very true. Forgive my being antsy; this is what happens when you spend a bunch of time in the political threads listening to people yelling "OMG WE GOTTA DO SOMETHING"...
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

dxmnkd316 said:
Earnings miss for 3M and revised full year outlook to lower expectations.
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Ouch. Look at it this way, it's a good time for a purchase ladder if you intend to stick with the stock. 3M is a fairly stable company, and 10 cents a share is nothing to panic about. Heck, one of my stocks (SCCO) is on the rebound after a panic sell-off on weakening Chinese demand. I was able to get a bit more on the cheap.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
Ouch. Look at it this way, it's a good time for a purchase ladder if you intend to stick with the stock. 3M is a fairly stable company, and 10 cents a share is nothing to panic about. Heck, one of my stocks (SCCO) is on the rebound after a panic sell-off on weakening Chinese demand. I was able to get a bit more on the cheap.
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Yeah, I think 3M is a good, conservative long-term play. I don't buy it for rapid growth. I buy it because I work there and it's almost like a mini mutual fund because it's so diversified in it's products, industries, and geography. It has solid growth over the last 10 years (and it goes back much further than that). It has a solid dividend track record. It's the definition of a blue chip stock. :)
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

dxmnkd316 said:
Yeah, I think 3M is a good, conservative long-term play. I don't buy it for rapid growth. I buy it because I work there and it's almost like a mini mutual fund because it's so diversified in it's products, industries, and geography. It has solid growth over the last 10 years (and it goes back much further than that). It has a solid dividend track record. It's the definition of a blue chip stock. :)
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I knew you were long-term on that one, hence why I suggested the ladder. I'd assume that regular contributions are probably happening anyway through ESOP, maybe a company match as well. Obviously you know my feelings on ESOP so I won't repeat that, but unless you're planning on retiring in the next year or so, stock dips are a good thing, because you're able to get in on the cheap.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
I knew you were long-term on that one, hence why I suggested the ladder. I'd assume that regular contributions are probably happening anyway through ESOP, maybe a company match as well. Obviously you know my feelings on ESOP so I won't repeat that, but unless you're planning on retiring in the next year or so, stock dips are a good thing, because you're able to get in on the cheap.
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Yep. Get a good deal on the stock itself. I don't consider this part of my retirement fund so if I lose it all, I'm still safely covered.
 
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