Investors: For Sale...

audio_alanaudio_alan Posts: 738
edited August 2011 in The Clubhouse
For sale.... all of my stocks, at yesterday's prices. Any takers? :wink:

Brutal day, huh? Days like this make it tough to invest. These days the stock market seems more like a casino than somewhere you should be putting your retirement money... :cool:

20 grand, Red.
10 grand, Black 8.
....
Post edited by audio_alan on
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Comments

  • RuSsMaNRuSsMaN Posts: 17,995
    edited August 2011
    I hear the mattress has a reliable rate of return these days. Followed by the coffee can.
    Check your lips at the door woman. Shake your hips like battleships. Yeah, all the white girls trip when I sing at Sunday service.
  • txcoastal1txcoastal1 Posts: 10,338
    edited August 2011
    RuSsMaN wrote: »
    I hear the mattress has a reliable rate of return these days. Followed by the coffee can.

    You harlot begger U:smile:
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  • txcoastal1txcoastal1 Posts: 10,338
    edited August 2011
    Buy Sprint (S)@ $3.74....lost near 10% ripe pickens for VZ...VZ will pick this up soon to compete ATT/T-mobile merger

    Not a broker just a hunch
    2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
    Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
    Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
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  • audio_alanaudio_alan Posts: 738
    edited August 2011
    Yeah, it's almost mattress time! But I'm not ready to throw in the towel... just yet.

    tx - I'll take a look at Sprint.

    A couple that killed me today was Dow Chemical (DOW) and Chesapeake Energy (CHK). Both companies just had great quarters, but got absolutely crushed today...
  • aviatoraviator Posts: 159
    edited August 2011
    Just remember -- no volatility = no risk = no reward.

    If you've got a decent stock/bond ratio and are in the accumulation phase a bear on the tear is a wonderful sight to behold; with the powder you've kept dry (bonds) a fine buying opportunity may present itself soon.

    Please Lord, give me 8000 on the Dow and I'll not be greedy waiting for 5500 to jump in like I did the last time.

    http://www.bogleheads.org/forum/index.php

    Yeah, I know waiting for 8000 ain't very Bogleheaded; but, what the hell!
  • Polkersince85Polkersince85 Posts: 2,890
    edited August 2011
    "Things always work out in the end. If things are still bad, it's not the end."

    St. Augustine
    >
    >
    >This message has been scanned by the NSA and found to be free of harmful intent.<
  • txcoastal1txcoastal1 Posts: 10,338
    edited August 2011
    audio_alan wrote: »
    Yeah, it's almost mattress time! But I'm not ready to throw in the towel... just yet.

    tx - I'll take a look at Sprint.

    A couple that killed me today was Dow Chemical (DOW) and Chesapeake Energy (CHK). Both companies just had great quarters, but got absolutely crushed today...

    Not to worry about DOW it will be a $40+ stock...they are sitting on oodles of cash...I bought in at $7.25 during the slump and Rohm and Hass debaucle
    2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
    Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
    Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
    Gone to new homes: (Matt Polk's)Threshold Stasis SA12e monoblocks, Pass XA30.5 amp, Usher MD2 speakers, Dynaudio C4 platinum speakers, Modwright LS100 (voltz), Simaudio 780D DAC
  • tonybtonyb Posts: 30,939
    edited August 2011
    RuSsMaN wrote: »
    I hear the mattress has a reliable rate of return these days. Followed by the coffee can.

    The only problem with that is the dollar being worth less and less as time goes on.

    When Gold was at 900 bucks an ounce, some would say your buying at the top of the market. At 1660 today, well...you would have done well for yourself. Preserving money's worth is the name of the game in a down turn.
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  • Outfitter03Outfitter03 Posts: 563
    edited August 2011
    With Japan devaluing their currency the dollar bumped up and with the recession fears the price of crude plummeted. So now if that lower oil price would only translate into lower prices at the pump that would be nice. Usually takes less than a couple days to rise with crude and over a month to lower.

    Oil traded in the mid 80s yesterday. Along with having a job and home prices, cost at the pump greatly affects the consumers willingness and ability to spend more money. A little easing at the pump would really help.:cool:
  • UpstatemaxUpstatemax Posts: 2,322
    edited August 2011
    audio_alan wrote: »
    A couple that killed me today was Dow Chemical (DOW) and Chesapeake Energy (CHK). Both companies just had great quarters, but got absolutely crushed today...

    I lost a lot of money with CHK a few years ago...

    I was told by all my investor friends to hold it and not to worry. Last time I will ever listen to them. It made it's slight recovery to mid $20's/share and I sold it and put the money towards the down payment on my home. Yes, the house has proven to be a better investment so far. my house GAINED value the last two years. :cool:
    Living room:
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    2Ch:
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  • devanidevani Posts: 1,499
    edited August 2011
    gained value?? wow, that's amazing...i don't want to look at my 401K anytime soon
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  • sda2mikesda2mike Posts: 3,151
    edited August 2011
    detroit land
  • swb502swb502 Posts: 112
    edited August 2011
    I moved almost 60% of my stocks over to municipal bond funds, it doesn't grow allot but even after yesterday I'm sitting at 4.5% YTD. That doesn't make up for the other 40% thought, just glancing at it, it looks like its down ~8% YTD. I don't need any of it this year, just a bit depressing to watch. Until the government puts out a real 10 year fiscal plan, that has cuts and we can all "believe in" this stuff is going to keep happening.

    The market is really behaving like it did in the depression, just not as sever.
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  • Polkie2009Polkie2009 Posts: 3,836
    edited August 2011
    CAT (Catepillar) stock took a dive yesterday too. Looks like some people were even selling off some of their gold?
  • mhardy6647mhardy6647 Posts: 21,565
    edited August 2011
    One word, Benjamin. Plastic.
  • megasat16megasat16 Posts: 3,534
    edited August 2011
    Oiled up both hands and just hold on tight on the side rails. It's a slippery slope and Dow could hit 11K at the end of the day today.
    Trying out Different Audio Cables is a Religious Affair. You don't discuss it with anyone. :redface::biggrin:
  • megasat16megasat16 Posts: 3,534
    edited August 2011
    swb502 wrote: »

    The market is really behaving like it did in the depression, just not as sever.

    Interesting comment! I think we are heading for another recession soon but we don't know we are in recession till we got deep into the recession.

    It's most likely the Double dip is happening now if there will be one.
    Trying out Different Audio Cables is a Religious Affair. You don't discuss it with anyone. :redface::biggrin:
  • breal74breal74 Posts: 329
    edited August 2011
    When did we ever get out of the first recession? It feels to me like the economy has not changed much since 2008.
  • Polkie2009Polkie2009 Posts: 3,836
    edited August 2011
    Just read that NYT article on the Double Dip linked through Drudge Report.
  • thsmiththsmith Posts: 6,092
    edited August 2011
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  • steveinazsteveinaz Posts: 18,952
    edited August 2011
    Sans owning a fully functional crystal ball, I'll buy & hold thank you.
    Source: Bluesound Node 2i | Preamp/DAC: PS Audio Stellar Gain Cell | Power Amp: Parasound Halo A21 | Speakers: PSB Imagine T2 | Cables: Signal Cable Analog 2 XLR; Kimber 8VS Bi-Wire; DH Labs D-75 Dig Coax | AC Power: Panamax M5300-PM
  • megasat16megasat16 Posts: 3,534
    edited August 2011
    Stocks reversed the course from 11200 thirty minutes ago to 11500 now. Wow Wow Wow...
    Trying out Different Audio Cables is a Religious Affair. You don't discuss it with anyone. :redface::biggrin:
  • ShizelbsShizelbs Posts: 7,424
    edited August 2011
    Been having some fun and good returns with precious metals.
  • audio_alanaudio_alan Posts: 738
    edited August 2011
    Thanks for the replies everyone. What I get from everyone's responses somewhat reaffirms what I've been thinking. We're all a little in the dark about whether we're really still in a recession, if we're heading into another one, or if things will be even worse and we're going into a depression. At this point world macro economics are front and center stage, trumping almost all company fundamentals (except for the absolute best). Even professional investors disagree about the direction of the market or what is the best way to play the volatility...

    It seems like there is no safe, stable longterm investment left. Bank accounts yield next to nothing in interest. CDs pay very little and your money is locked up. Real estate is still under pressure. Bonds can be safe unless that corporation, municipality, or country goes belly up. Stocks are a crap shoot, even with the best companies, when a single day or week can wipe out 10-30% or more of your value. Even cash isn't necessarily safe because your country's currency might plunge from a default. And gold, well, I think that's the next bubble to burst...
  • nooshinjohnnooshinjohn Posts: 20,372
    edited August 2011
    The real problem as I see it is a complete failure of leadership, from anyone on any level. We don't know if we are coming, going, or staying put. The Gov has business by the short and curlies and employees of those companies are getting mixed signals from their bosses as to what the future holds.

    Time for SOMEBODY to stand up and say "I got this" and then lead.
    The Gear... Carver "Statement" Mono-blocks, TriangleArt Reference SE with Pass Labs Xono Phono Preamp, Walker Precision Motor Drive, ClearAudio Goldfinger Diamond v2 cartridge and Origin Conquerer Mk3c tonearm, Polk Audio "Signature" Reference Series 1.2TL with complete mods, Pass Labs X0.2 three chassis preamp, PS Audio PerfectWave DAC MkII, Pioneer Elite SC-65, Oppo UDP-205 4K Blu-ray player, Sony XBR70x850B 4k, Polk audio AB700/800 "in-wall" surrounds.

    Saying that it's "too hard" to pursue your dreams is no different than admitting to yourself that you are too lazy to achieve them.

    “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
  • aviatoraviator Posts: 159
    edited August 2011
    audio_alan wrote: »
    ... Bonds can be safe unless that corporation, municipality, or country goes belly up. Stocks are a crap shoot, even with the best companies, when a single day or week can wipe out 10-30% or more of your value...

    Well own a lot of bonds in a fund with rock bottom expenses:

    https://personal.vanguard.com/us/funds/snapshot?FundId=0039&FundIntExt=INT

    And an index of the entire US market:

    https://personal.vanguard.com/us/funds/snapshot?FundId=0085&FundIntExt=INT

    Too easy to shoot yourself in the foot with individual company stocks or bonds.
  • Big DawgBig Dawg Posts: 1,960
    edited August 2011
    steveinaz wrote: »
    Sans owning a fully functional crystal ball, I'll buy & hold thank you.

    100% agreed. Make regular contributions (dollar-cost averaging), buy undervalued companies, and hold them until they reach fair value (or forever). Over time, it's the only proven way to profit in the stock market - just ask Warren Buffet, among many others.
  • Big DawgBig Dawg Posts: 1,960
    edited August 2011
    The real problem as I see it is a complete failure of leadership, from anyone on any level. We don't know if we are coming, going, or staying put. The Gov has business by the short and curlies and employees of those companies are getting mixed signals from their bosses as to what the future holds.

    Time for SOMEBODY to stand up and say "I got this" and then lead.

    Can we please avoid violating forum rules by politicizing a conversation about the stock market?
  • tonybtonyb Posts: 30,939
    edited August 2011
    Big Dawg wrote: »
    Can we please avoid violating forum rules by politicizing a conversation about the stock market?

    Yeah, I guess government policy/debt/ monetary policy....has nothing to do with the stock market.:rolleyes:
    HT SYSTEM-2 channel
    Sony 850c 4k
    Pioneer elite vhx 21
    Sony 4k BRP
    SVS SB-2000
    Dynaudio Audience 72
    Polk FX500 surrounds
    Cary xciter dac
    Cullen modded Sonos
    Joule la-100 pre
    B&k Ref 4420 amp

    Cables-
    Acoustic zen Satori speaker cables
    Acoustic zen Matrix 2 IC's
    Analysis plus crystal oval ic's
    Wireworld eclipse 7 ic's
    Audio metallurgy ga-o digital cable

    Kitchen

    Sonos zp90
    B&k 1430
    Tad 803 speakers
  • nooshinjohnnooshinjohn Posts: 20,372
    edited August 2011
    Big Dawg wrote: »
    Can we please avoid violating forum rules by politicizing a conversation about the stock market?

    The use of the term "Gov" is not bringing politics into the discussion by any strech of the imagination, Pointing out the abysmal lack of leadership at any level, including in the business sector also is not political, so I fail to see the reason for your post, unless pointing out the obvious is somehow the wrong thing to do.
    The Gear... Carver "Statement" Mono-blocks, TriangleArt Reference SE with Pass Labs Xono Phono Preamp, Walker Precision Motor Drive, ClearAudio Goldfinger Diamond v2 cartridge and Origin Conquerer Mk3c tonearm, Polk Audio "Signature" Reference Series 1.2TL with complete mods, Pass Labs X0.2 three chassis preamp, PS Audio PerfectWave DAC MkII, Pioneer Elite SC-65, Oppo UDP-205 4K Blu-ray player, Sony XBR70x850B 4k, Polk audio AB700/800 "in-wall" surrounds.

    Saying that it's "too hard" to pursue your dreams is no different than admitting to yourself that you are too lazy to achieve them.

    “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
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