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Financial Advice: Buying Low

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Financial Advice: Buying Low

Postby JTWood » Mon Sep 15, 2008 9:29 pm

Okay, so I got extraordinarily lucky (I suppose). I cashed completely out of the stock market last week. I had already lost all of my gains for the year, but I avoided today's slaughter. I'm not down for the year, so that's good news to me. Anywho... I've got about $5k burning a hole in my Ameritrade account, and I see a weak market. Does anyone know of a stock or three that got hit hard today that possibly shouldn't have? Any good buying opportunities I might want to research? I don't necessarily need to buy now if the market is still on weak footing, but I'd like to have a few symbols on my ticker that I can keep an eye on in the coming weeks.

I should mention that I have more money tied up in much more conservative, long-term investments. This money is for high-risk stuff.

I'm not afraid to take a gamble with it (but not at the casinos, a-holes).
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Re: Financial Advice: Buying Low

Postby RugbyD » Mon Sep 15, 2008 10:07 pm

Tough to filter on a day like today. if you think theres a chance for a general bounce then take a look at QLD, DDM, and SSO
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Re: Financial Advice: Buying Low

Postby JTWood » Mon Sep 15, 2008 10:12 pm

muchas gracias

I'll add them to my list and check them out tomorrow. ;-D
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Re: Financial Advice: Buying Low

Postby AussieDodger » Mon Sep 15, 2008 10:43 pm

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Re: Financial Advice: Buying Low

Postby JTWood » Mon Sep 15, 2008 11:33 pm

RugbyD wrote:Tough to filter on a day like today. if you think theres a chance for a general bounce then take a look at QLD, DDM, and SSO

Holy crap... Those guys are like mutual funds on cocaine. Nice stuff! :-) ;-D
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Re: Financial Advice: Buying Low

Postby Snakes Gould » Tue Sep 16, 2008 12:54 am

you know, i cant help but think that when we bounce back from this, a whole sleuth of people are going to be rich by buying all these stocks on the cheap. i really need to start looking into this stuff.
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Re: Financial Advice: Buying Low

Postby AquaMan2342 » Tue Sep 16, 2008 12:55 am

Snakes Gould wrote:you know, i cant help but think that when we bounce back from this, a whole sleuth of people are going to be rich by buying all these stocks on the cheap. i really need to start looking into this stuff.



This is so true. Now is the time to get in.
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Re: Financial Advice: Buying Low

Postby bleach168 » Tue Sep 16, 2008 4:37 am

I don't think we've hit the bottom yet. :-o
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Re: Financial Advice: Buying Low

Postby Inukchuk » Tue Sep 16, 2008 6:59 am

That's also a possibility. Just because the market's dropped doesn't mean it's due for an immediate bounce back...
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Re: Financial Advice: Buying Low

Postby bigh0rt » Tue Sep 16, 2008 8:01 am

Inukchuk wrote:That's also a possibility. Just because the market's dropped doesn't mean it's due for an immediate bounce back...

Well, anybody looking to invest right now, needn't be looking for an immediate bounce back. The payoff in the investment lies in your confidence in the market bouncing back eventually. If you feel the economy will stabilize and then thrive again like it has in the past, then you may not live through a better time to buy than the present. You may not make a ton of money in the next few months (then again, you may), and you may even lose some; but as long as you're confident in the return of the economy eventually, you can invest with confidence.

This is actually the topic of my Business Math lesson today. Blah.
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