Financial Advice: Buying Low

[JTWood]

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).

[RugbyD]

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

[JTWood]

muchas gracias

I'll add them to my list and check them out tomorrow.

[AussieDodger]

[JTWood]

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!

[Snakes Gould]

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.

[AquaMan2342]

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.

[bleach168]

I don't think we've hit the bottom yet.

[Inukchuk]

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

[bigh0rt]

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.