My Portfolio Is Down By $1600 And Counting But Holding
Q: the only gold i have is in my jewelry box. the money is in trading stocks not buying an over inflated metal ticker
A: There we are..!! This will be back to 5.50 again, as I told two weeks back, where initially I have expected a second bottom, after an unexpected bubble burst.. Game played and people betrayed.. He's probably looking for a very short term pump and dump....boy!! does it hurt in stocks like these when they get dumped even before they pump!! wow guys you will wish you sold to day. this is not over. more problems ahead on bac. nobody is buying BAC right now too much uncertainty. i'd rather stay on JPM or GS. Yes, you make money in stocks, not gold, I agree! However, you PROTECT buying power in gold while stocks are in bad shape. If you were in gold since this crisis began you would be EVEN, which is precisely what gold is supposed to do as an investment vehicle...PROTECT CAPITAL. Some believe that CASH protects capital but in a world where money is printed left and right and the banks out of line I don't count on cash as being a safe investment...especially not with near zero interest rates. Anyway this isnt about gold, its about BAC, and if you lost a ton of money today then you have now learned that you need to do research before putting your money into stocks. If you did your homework, you wouldn't have lost. If you pay attention to the market constantly, you would have gotten in on this rally a long time ago, not today or last week. Anyway I'm going to go home and enjoy my night. Have a good one boys&girls. Gain in recent time reduced...feel very sick with dow today. unable to recover. It appeared that sell off had started. I had let off everything. will see good opportunity to come back in. Look like credit card crisis hurt the finance sector and earning week slamp healthcare and industrial sector. Oh No! its going to be a long week. Any opinion of a rebound? today dow was bad with goor earning from BAC. MAy be to day is as expected and investor was prepare for tomolo lowsy earning. If so, its going to be a big slam again. Probably shorting the market is right move. MAy change strategy. Still slightly up (got BAC at 7.20 a few weeks ago), but definitely not sitting pretty like I was 72 hours ago. Holding though as well... panic selling bit me in the ass earlier this year and I don't want to repeat it. If BAC goes below 7.50 though I may have to... I got burned on WFC when I held too long (made some good cash buying Wachovia after it flopped, but it turned into WFC and I didn't hit 'eject' until way too late... shoulda just held the whole time). What else are people looking at?