Guest Posted July 30, 2002 Share Posted July 30, 2002 I bought me some stock for .09$ a share. Now it is .25$ a share within a week. If were to bump up to 10$ should I sell it for a 5k$ profit or be greedy? Quote Link to comment Share on other sites More sharing options...
chucK Posted July 30, 2002 Share Posted July 30, 2002 Advice on this matter is available for a $29 fee. Quote Link to comment Share on other sites More sharing options...
vegetablebelay Posted July 30, 2002 Share Posted July 30, 2002 I'll bet the stock is now around .15 today Quote Link to comment Share on other sites More sharing options...
lizard_brain Posted July 31, 2002 Share Posted July 31, 2002 I'd sell enough to get my original investment back, plus a few bucks, and let the rest ride long-term. Just an opinion. Some say this is an "economic downturn" or a "bear market"...I say THE STOCK MARKET IS ON SALE!!! Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 personally, i couldn't pull my money fast enough from the market after 911 municipal bonds and mutual funds for this child now...slow, steady and relitively safe for the long term see veggie belay for the real poop Quote Link to comment Share on other sites More sharing options...
lizard_brain Posted July 31, 2002 Share Posted July 31, 2002 quote: Originally posted by trask: personally, i couldn't pull my money fast enough from the market after 911 And that's what drives the prices down for us bargain hunters...you're supposed to buy low and sell high - not the other way around, which is often what most people do in a panic. Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 to each his own, dude ...my broker says otherwise Quote Link to comment Share on other sites More sharing options...
lizard_brain Posted July 31, 2002 Share Posted July 31, 2002 I think it was Peter Lynch that said that there are three things to remember about stockbrokers... 1. Stockbrokers are salesmen. 2. Stockbrokers are salesmen. 3. Stockbrokers are salesmen. They get paid on commission or per sale, and many of them SUCK at stockpicking. Spray on: When you're picking a broker, ask to see their personal portfilio and their personal income tax records for the last few years. Almost all of them will shit if you ask them this. They will refuse to share any of this information with you, and at the same time they expect you to trust them with your personal finances. Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 whatever i've had the same broker for close to 20 years now, and other than taking a substantial hit after 911, (no fault of his btw) he has done nothing but make us both some money he's now a personal family friend and confidant, and that's the name of that tune i'm done discussing this, but go ahead on it if it turns yur crank trask Quote Link to comment Share on other sites More sharing options...
lizard_brain Posted July 31, 2002 Share Posted July 31, 2002 Well, I'm glad you have a decent broker, because many of them are just guys with MBAs that know how to talk the talk. Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 i agree life's a crap shoot sometimes isn't it? Quote Link to comment Share on other sites More sharing options...
Wopper Posted July 31, 2002 Share Posted July 31, 2002 Read the Motley Fools. Quote Link to comment Share on other sites More sharing options...
lizard_brain Posted July 31, 2002 Share Posted July 31, 2002 Hey Trask- -Has nothing to do with the topic, really...I was just looking for an excuse to post this picture. Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 quote: Originally posted by lizard brain: Hey Trask- -Has nothing to do with the topic, really...I was just looking for an excuse to post this picture. hahaha ...ship of fools Quote Link to comment Share on other sites More sharing options...
Poseur Posted July 31, 2002 Share Posted July 31, 2002 Dude, a 9 cent stock? I say book it. Helluva scalp though. Quote Link to comment Share on other sites More sharing options...
Attitude Posted July 31, 2002 Share Posted July 31, 2002 quote: Originally posted by trask: personally, i couldn't pull my money fast enough from the market after 911 municipal bonds and mutual funds for this child now...slow, steady and relitively safe for the long term Muni bonds? You must be rich. They only make sense for people in the highest tax brackets. Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 nm [ 07-31-2002, 09:05 AM: Message edited by: trask ] Quote Link to comment Share on other sites More sharing options...
Charlie Posted July 31, 2002 Share Posted July 31, 2002 worldcom? What stock is it? Quote Link to comment Share on other sites More sharing options...
allthumbs Posted July 31, 2002 Share Posted July 31, 2002 quote: Originally posted by Charlie: worldcom? What stock is it? i believe it's the olny tele. company of the big three not running under bankrupcy at the moment Quote Link to comment Share on other sites More sharing options...
Charlie Posted July 31, 2002 Share Posted July 31, 2002 cmtl is a good tele stock. I pussed out and dumped it at $7- its in the $9's right now, and I believe it is going to continue climbing. I got screwed big time on mcit (basically a wcom stock) I was holding out for the .60 div to try and break even- no div! Good news is, I can try an recop at tax time. Right now is a good time to buy (IMHO) but my butt is still a little soar from all the sodomy the market has been delivering. Quote Link to comment Share on other sites More sharing options...
allthumbs Posted August 1, 2002 Share Posted August 1, 2002 hey charlie, tele. companys will always be around and probably make some shifty bastard some money people gotta have the communication lines open...we just wanna be heard !!! IMHO stock market/futures=gambling, pure and simple. if you can't afford to lose, don't play. [ 07-31-2002, 12:49 PM: Message edited by: trask ] Quote Link to comment Share on other sites More sharing options...
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