PNW Riders

odin544 · 10-06-2008, 11:33 AM

So who is invested in the stock market now? What are your thoughts about the current situation? What are your plans to deal with it? If you care to share.

Wistrick · 10-06-2008, 11:50 AM

I am invested in both my wifes and mines 401k. Since I have about 20 years tell I need the money the rock bottom prices mean I can buy more shares and make more money when it goes back up. The stock market like water is self leveling. The people who need to worry are the ones who need there money in the next 5 years.

Dan

odin544 · 10-06-2008, 11:58 AM

I too have money invested. Im completely new to this. So watching this thing drop is driving me NUTS! All I seem to see is the $$$ dropping. I dont need the money now. I put it there so I can have something in the furture. Its just getting really hard to think there will actually be something THERE.

nwgmt · 10-06-2008, 11:59 AM

im invested with comcast...and im fine....when the economy goes in the crap our stock goes up cause everyone stays home and watns more entertainment there...sooooo...as comcast grows my stock grows a lil bit

works for me!!!

Stringcheese · 10-06-2008, 12:19 PM

I've got about 80% of my money in the market, the rest is in safe investments like bonds. Of the money I have in the market the value has dropped about 30% since December of 07. Kinda sucks but what are you going to do? There's no way I'm selling anything right now and take an actual loss. As long as I hold what I've got the losses are all on paper. I plan to retire at 50 so I've got another 15 years before I need the money anyway. I'll just ride it out and try not to pay attention to the financial news.

GSXR-RACER · 10-06-2008, 12:22 PM

Keep it where you got it...I'm losing but it will come back!!!!

JONNY ROCKET · 10-06-2008, 12:22 PM

It's like a rollercoaster, You dont get hurt as long as you dont jump off! You have lost nothing intill you take your $$ out.

.

Suzuki Stevo · 10-06-2008, 12:29 PM

Originally Posted by JONNY ROCKET

It's like a rollercoaster, You dont get hurt as long as you dont jump off! You have lost nothing intill you take your $$ out.

.

Yup..it's only on paper till ya go to grab it

Smokin_Joe · 10-06-2008, 04:10 PM

Ya its actually not that bad for us younger folks, but people that need it for retirement soon are hurting. But really they shouldnt have been in the stock market when nearing retirement anyways. As long as we don't get massive inflation we should be ok. Downside is companies will begin laying off pretty soon.

1balisong · 10-06-2008, 04:17 PM

Originally Posted by odin544

So who is invested in the stock market now? What are your thoughts about the current situation? What are your plans to deal with it? If you care to share.

This is where i make my money, its gambling you lose some and win more. I like it. I am investing a little more while market is down. Future money purchase for a new motorcycle. I need to fill my 3rd car garage.

Beowulf · 10-06-2008, 05:29 PM

Yeah. It's called dollar cost averaging. For example: You buy two shares at $20 and the market goes down to $10 a share. You have $40 in, but the stock is worth $20. If you sell now, you lose $20, but instead you buy two more shares at $10 per share, so now you have invested $60 and you have $40 worth of stock. Your investment per share is $15 per share. If you keep buying as it goes down, your investment per share keeps going down. Then when the market recovers you have a BIG gain. In this example, if the market went back up to $20 a share, you have $80 worth of stock with $60 in!

factorten · 10-06-2008, 06:04 PM

what happens if the stock your in doesn't recover with the market? what if that stock is wa mu? you just got crushed thats what! stay away from cost averaging. if a stock drops more that 8% below your buy point sell it. never buy more. and never on margin. accept the fact that you picked an incorrect buy point on that stock. move as much into cash in this market as you can if your not already. this down treand is not over yet

odin544 · 10-06-2008, 06:07 PM

So is everyone investing on there own or are you using an investment company? I've enlisted UBS.

factorten · 10-06-2008, 06:10 PM

I use scottrade.

factorten · 10-06-2008, 06:22 PM

100% my own stock picks and 100% in cash on all of my accounts that I control including IRAs right now. My union retirement is out of my hands. I've been long the US dollar for about 1 month now. have not had a losing trade in over 14 months

the markets are about possibilities and probabilities not gambling. if you go in with that attitude it wont be long before you out of cash and cash is your tool to make more cash

UhOh · 10-06-2008, 07:28 PM

Originally Posted by factorten

stay away from cost averaging.
if a stock drops more that 8% below your buy point sell it.
never buy more. and never on margin.
accept the fact that you picked an incorrect buy point on that stock.

smart advice, probably investing rule of thumb #3

DEX · 10-06-2008, 08:03 PM

Here's an interesting vid if you have the time to give it a listen. Great history lesson.

http://video.google.com/videoplay?do...19560256183936

nwgmt · 10-07-2008, 04:09 PM

fidelity

eric · 10-07-2008, 04:19 PM

Originally Posted by factorten

what happens if the stock your in doesn't recover with the market? what if that stock is wa mu? you just got crushed thats what! stay away from cost averaging. if a stock drops more that 8% below your buy point sell it. never buy more. and never on margin. accept the fact that you picked an incorrect buy point on that stock. move as much into cash in this market as you can if your not already. this down treand is not over yet

Beowulf · 10-07-2008, 04:20 PM

I would say that if you cannot ride out individual stocks you are more risk averse and might consider index funds, which are a great way to stay in the market but avoid the risk of single stocks dying out. An example of an index fund is an S&P 500 index fund which takes all the investors money and buys shares to match the S&P 500. When you buy one share of an S & P index fund you get a share in 500 different companies. Sure you can't win big like buying in at the IPO of Google, but if a single company tanks, who cares?

BTW- many companies have gone well below 8% and then recovered well above that. Sales of stock should be based not solely on the performance of the stock but why it is dropping. Is it a short term dropped based on the market being unsure about a new CEO with a decent track record? ...or is it based on faulty accounting practices? To buy and sell individual stocks successfully you have to do a lot of work staying informed to make effective decisions.

With mutual funds you pay a small fee and a profesional does all the research for you. It has its advantages...

factorten · 10-07-2008, 10:05 PM

Originally Posted by Beowulf

I would say that if you cannot ride out individual stocks you are more risk averse and might consider index funds, which are a great way to stay in the market but avoid the risk of single stocks dying out. An example of an index fund is an S&P 500 index fund which takes all the investors money and buys shares to match the S&P 500. When you buy one share of an S & P index fund you get a share in 500 different companies. Sure you can't win big like buying in at the IPO of Google, but if a single company tanks, who cares?

BTW- many companies have gone well below 8% and then recovered well above that. Sales of stock should be based not solely on the performance of the stock but why it is dropping. Is it a short term dropped based on the market being unsure about a new CEO with a decent track record? ...or is it based on faulty accounting practices? To buy and sell individual stocks successfully you have to do a lot of work staying informed to make effective decisions.

With mutual funds you pay a small fee and a profesional does all the research for you. It has its advantages...

Agreed, if you cant stomach single stock investing you should be in mutual funds, index funds or maybe even laddered cd's. right now I think CASH. I'm not a financial consultant. if you need professional sevices like that I know people that can set you up with solid advice and sevices. But stick to the 8% rule still. it will save your ass in the long run. imho

Eric,the 8% rule is for capitail preservation ya noob

Let's just say you have $1000.00 and you decided to buy XYZ stock because Eric's gay lover tokin's other gay lover wrfp said he got a hot tip up on cap hill that XYZ was going to shoot it's load through the roof. So you call your fat butted broker (koorblow) to set you up with XYZ. He says sure and charges you with a brokerage fee, wealth management fee, financial consulting fee, account verification fee, beer brewer fee, Secretary is off screwing my boss today and I had to do all the fucking paper work myself fee. and some other lip service fee that he dreams up. Not to mention slippage becouse you think hes going to give the best price out there. FUCK NO. It all ads up to about $100 bucks or so. Now your in the hole 10% right off the bat. And he doesn't even give you a kiss afterwards but your butt is sure bleeding.

Your $1000.00 is now $900.00

Things start out good, your up about 20% in just a few weeks. Cool, I'm going to be rich you think. Then things start to slow down, Volume dries up. Then the stock starts a series of sell offs becouse of some bad press about the CEO(zooki600) getting caught with his horse out behind the barn and begins to trend downward(8x10 glossies). Shit, your down 30% from your buy point in about 2 months. So you call your bro down at webe's brokerage & whorehouse and say wtf dude let's sell now. But becouse you didn't give explicit instructions(the 8% rule) on what to do if the XYZ did a reversal. Your fucked, mister.

Now your $1000.00 is $630.00

But never fear ol' blow has a plan. Its called Dollar Cost Averaging. So he blows some smoke up your ass and says this is just a temporary storm cloud, I see blue skies ahead on XYZ so let's buy some more. OK you think, this guy must be pretty smart, look at the new 1098R he just bought. Right on. and he even tracks it too. Cool. So you pull out another $1000 and he charges you another $100. So now you have a butt load more shares of this loser. I mean winner.

And now your $2000.00 is down to $1530.00

You think OK I'm only down about 25%, not bad. It wont take to long for this pig to grow some wings and fly. So you sit and wait, ....and wait, ........and wait. Meanwhile some earning reports have came in below expectations and things are slipping more all the time. Pretty soon the institutional investors have left on a sector rotation because the group that XYZ is in is now in the toilet and everyone but you has left. Even some of the market makers have folded. Fuck thats bad. Now your down about 70% more

And your $2000.00 is worth only $459.00

Pretty cool huh! Wheres all your gay friends now, mister.

Moral of the story is-

a. Don't take other peoples stock advice. This includes brokerage house's, or friends. If you have a trading partner to bounce ideas off of that is different. If you have a trusted financial consultant draw up a long term plan for you. always have an exit strategy. Insist on it or move on.

b learn the markets. Become a student of trading not just investing. Its all the same only different time frames (5 minutes, 2 hours, 2 days, 2 months and so on). Read everything you can get you hands on about the markets.

c. Have a strategy and put it on paper. Its not that diffacult. Learn when to enter and when to exit. Learn to read charts. its the most valuable tool in your bag of tricks.

d. Always sell if you go 8% below you purchase price. Never change this rule, ever. I usually step out before that. But as you start to grow yous skills you start to dramatically improve you success ratio.

e. And the most important one. Never lost money if you can avoid it. Its better to take a couple of small loses than a couple of big account destroying ones.

imho

and now for the disclaimer
not trying to flame anyone for your opinions
and screen names were used only in jest

I am not a professional investor just a hobbyist and this did not happen to me. I have my own stories to tell about the markets.

odin544 · 10-09-2008, 01:09 PM

So in my case where I am using UBS, Are the losses still only on paper? Aren't they a realized loss since they are constantly buying and selling? It would only be on paper if there was no movements at all correct? Sorry Im an obvious rookie with investing.

dizriz · 10-09-2008, 01:22 PM

they say not to look at your 401k on a daily basis or you'll just freak yourself out. they are right because mine is dropping fast...........

gsxrkid · 10-09-2008, 06:43 PM

if mine drops much more I owe them

suomycasino · 10-09-2008, 06:58 PM

my TSP/401K is dropping daily. I actually bought a lot of Fannie MAE today When they dropped to $1.00. If i lose out fine, i am only investing with money i can afford to lose right now.

Another single stock i am big into right now is CPRK(COPPER KING MINING) i have made over 200% on this stock right now and it is only at $.03, bought in at $.01

Beowulf · 10-09-2008, 09:19 PM

Originally Posted by factorten

Always sell if you go 8% below you purchase price. Never change this rule, ever. I usually step out before that.

This means that you would have to sell almost all stocks and never buy them again after today's drop. I'm just saying that many good stocks often drop below 8% from an initial purchase.

Is your 8% rule really that unforgiving that you would NEVER go back?

I can think of a lot of real winners that have had bad times that went way back up over a big drop. What about Harley Davidson after the AMF years? HP & Intel etc. etc.

I can see why you might step out after 8%, but why never go back if the company is strong?

It is only okay to dollar cost average if you have proof the the company is a value stock. I agree that your scenario presents a loss and only a fool would dollar cost average there.

However, Warren Buffet made his billions on value stocks that had lost money but he predicted would go up. He bought on the way down and then watched them rise past his average price. You're dead right though, you have to be VERY smart about dollar cost averaging. It takes guts and intelligence to buy into a stock on the way down and win.

Beowulf · 10-09-2008, 09:22 PM

Originally Posted by suomycasino

my TSP/401K is dropping daily. I actually bought a lot of Fannie MAE today When they dropped to $1.00. If i lose out fine, i am only investing with money i can afford to lose right now.

Another single stock i am big into right now is CPRK(COPPER KING MINING) i have made over 200% on this stock right now and it is only at $.03, bought in at $.01

It's like playing the nickel slots in Vegas... NICE!

factorten · 10-09-2008, 10:37 PM

yes you can reenter at a later time. but let that company prove itself first and began a turnaround. let the price action of the stock find a solid footing and began to trend upward once more then start to reenter. After a solid base has formed for a period of a few weeks to a few months(or sometimes longer). Higher highs and higher lows on the charts will indicate this new turnaround then start to reconsider a repurchase of shares. buy into this upward trending price action on the dips(slight pullbacks in the price of the stock usually of about 3% to 5% of the total price per share). Buying volume needs to be strong. Maybe as much 300% of the average volume in a singe day. These are called follow-through days. This inducates strong interest from institutional investors. As much as 70% of a stocks overall trading volume is from them. This will start to push the price high and thats what we want to see.

apple is a great example of a turnaround stock.

but still keep your stop loss at 8% or tighter if you like but let your profits run

About the overall stock market in the past few weeks. Your just seeing more and more people waking up everyday and realizing that this is real and selling. Selling=down trend

when the markets get over-sold hard enought you'll see a strong snap back. But it's hard to say when that day will be. To much bad news.

factorten · 10-09-2008, 11:00 PM

after 9980 on the DJI the 7700 range is the next support leval maybe the free fall will hold up there

eric · 10-09-2008, 11:20 PM

Originally Posted by factorten

Agreed, if you cant stomach single stock investing you should be in mutual funds, index funds or maybe even laddered cd's. right now I think CASH. I'm not a financial consultant. if you need professional sevices like that I know people that can set you up with solid advice and sevices. But stick to the 8% rule still. it will save your ass in the long run. imho

Eric,the 8% rule is for capitail preservation ya noob

Let's just say you have $1000.00 and you decided to buy XYZ stock because Eric's gay lover tokin's other gay lover wrfp said he got a hot tip up on cap hill that XYZ was going to shoot it's load through the roof. So you call your fat butted broker (koorblow) to set you up with XYZ. He says sure and charges you with a brokerage fee, wealth management fee, financial consulting fee, account verification fee, beer brewer fee, Secretary is off screwing my boss today and I had to do all the fucking paper work myself fee. and some other lip service fee that he dreams up. Not to mention slippage becouse you think hes going to give the best price out there. FUCK NO. It all ads up to about $100 bucks or so. Now your in the hole 10% right off the bat. And he doesn't even give you a kiss afterwards but your butt is sure bleeding.

Your $1000.00 is now $900.00

Things start out good, your up about 20% in just a few weeks. Cool, I'm going to be rich you think. Then things start to slow down, Volume dries up. Then the stock starts a series of sell offs becouse of some bad press about the CEO(zooki600) getting caught with his horse out behind the barn and begins to trend downward(8x10 glossies). Shit, your down 30% from your buy point in about 2 months. So you call your bro down at webe's brokerage & whorehouse and say wtf dude let's sell now. But becouse you didn't give explicit instructions(the 8% rule) on what to do if the XYZ did a reversal. Your fucked, mister.

Now your $1000.00 is $630.00

But never fear ol' blow has a plan. Its called Dollar Cost Averaging. So he blows some smoke up your ass and says this is just a temporary storm cloud, I see blue skies ahead on XYZ so let's buy some more. OK you think, this guy must be pretty smart, look at the new 1098R he just bought. Right on. and he even tracks it too. Cool. So you pull out another $1000 and he charges you another $100. So now you have a butt load more shares of this loser. I mean winner.

And now your $2000.00 is down to $1530.00

You think OK I'm only down about 25%, not bad. It wont take to long for this pig to grow some wings and fly. So you sit and wait, ....and wait, ........and wait. Meanwhile some earning reports have came in below expectations and things are slipping more all the time. Pretty soon the institutional investors have left on a sector rotation because the group that XYZ is in is now in the toilet and everyone but you has left. Even some of the market makers have folded. Fuck thats bad. Now your down about 70% more

And your $2000.00 is worth only $459.00

Pretty cool huh! Wheres all your gay friends now, mister.

Moral of the story is-

a. Don't take other peoples stock advice. This includes brokerage house's, or friends. If you have a trading partner to bounce ideas off of that is different. If you have a trusted financial consultant draw up a long term plan for you. always have an exit strategy. Insist on it or move on.

b learn the markets. Become a student of trading not just investing. Its all the same only different time frames (5 minutes, 2 hours, 2 days, 2 months and so on). Read everything you can get you hands on about the markets.

c. Have a strategy and put it on paper. Its not that diffacult. Learn when to enter and when to exit. Learn to read charts. its the most valuable tool in your bag of tricks.

d. Always sell if you go 8% below you purchase price. Never change this rule, ever. I usually step out before that. But as you start to grow yous skills you start to dramatically improve you success ratio.

e. And the most important one. Never lost money if you can avoid it. Its better to take a couple of small loses than a couple of big account destroying ones.

imho

and now for the disclaimer
not trying to flame anyone for your opinions
and screen names were used only in jest

I am not a professional investor just a hobbyist and this did not happen to me. I have my own stories to tell about the markets.

oh. you 'read charts.' i understand now.

factorten · 10-09-2008, 11:27 PM

its simple way of saying technical analysis

Beowulf · 10-10-2008, 12:34 PM

Originally Posted by factorten

yes you can reenter at a later time. but let that company prove itself first and began a turnaround. let the price action of the stock find a solid footing and began to trend upward once more then start to reenter. After a solid base has formed for a period of a few weeks to a few months(or sometimes longer). Higher highs and higher lows on the charts will indicate this new turnaround then start to reconsider a repurchase of shares. buy into this upward trending price action on the dips(slight pullbacks in the price of the stock usually of about 3% to 5% of the total price per share). Buying volume needs to be strong. Maybe as much 300% of the average volume in a singe day. These are called follow-through days. This inducates strong interest from institutional investors. As much as 70% of a stocks overall trading volume is from them. This will start to push the price high and thats what we want to see.

apple is a great example of a turnaround stock.

but still keep your stop loss at 8% or tighter if you like but let your profits run

About the overall stock market in the past few weeks. Your just seeing more and more people waking up everyday and realizing that this is real and selling. Selling=down trend

when the markets get over-sold hard enought you'll see a strong snap back. But it's hard to say when that day will be. To much bad news.

Good thoughts. I hope you understand I'm not taking a contrary position, just having a good discussion!

I think we'll see the snap back here in about 1 to 20 days. I see that GM is already starting to lift as people are seeing $4 a share as a bargain...

Wrench · 10-10-2008, 06:20 PM

I have all my TSP/401k money in the "G" fund right now (government securities). I plan on transferring it all to the "S" (stocks) fund when the stock market levels off, which I believe it will here very shortly.

If history repeats itself, I should be sitting very well off in the next 2 years.

Heck, with GM's stock prices right now, I almost cant resist buying into the company! Hasnt been this low in 50 years!!

Capt. All Gravy · 10-10-2008, 07:24 PM

gm is rising because the government gave them, chrysler and ford I believe a butt load of money, kinda like when they gave money to fannie may and the other, forgot the name, as well as aig, id be carefull with those companies, I really know very little bout all of this but ive seen a few things that raise flags.

Dragon Rider · 10-10-2008, 07:32 PM

save all the $$ I can, sell extra stuff that is just sitting around, and BUY MORE STOCK
the dow will probably bottom out below 8K, but remember it was over 14k within the last year and will be again.

factorten · 10-10-2008, 10:30 PM

Originally Posted by Beowulf

Good thoughts. I hope you understand I'm not taking a contrary position, just having a good discussion!

I think we'll see the snap back here in about 1 to 20 days. I see that GM is already starting to lift as people are seeing $4 a share as a bargain...

And a good discussion its turning into.

BUT..... buying more stock of a company that is in decline to shore up a position on HOPE AND HOPE ALONE is very dangerous. Always keep emotions out of your trading/investing. Because your not sure what will happen in the long run its just to risky. A possible better move would be to sell puts on that stock. This is like insurance for your position. As your stock value declines the puts options value will grow. Options are pretty darn complex but puts = shorting a block of the stock over a given time frame. But this move has its own risks to. You more than likely wont make money but your may not loose as much. This would be like doing a straddle move becouse you would be playing both sides of the market on the stock at the same time.

I dont like to use the words "playing, play or odds" because that indicates gambling and I try to take as much risk out for my operations as I can.

If you can profit 10% on 70% of your portfolio this will offset the 8% loss on the other 30%

Be careful with GM. Don't go to bed with an open position. You dont what you'll wake up to.

TheFactor · 10-10-2008, 11:06 PM

I pulled mine out and rolled it over to a Bond, couldnt stand it anymore watching it go to -35% and dropping everyday. But like those mentioned above it "might" be a good time to buy because maybe in 5 or 10 years it could go up but I'd rather have a little bit of something now then possibly a lot of nothing later. Just my 2 cents and that being said im not into investing all my hard earned money on a maybe im just a blue collar worker that wants a little something for the future.

sammybiker86 · 10-13-2008, 08:01 AM

Anyone trading forex? factorten? You mentioned being long the dollar?

odin544 · 10-13-2008, 02:51 PM

a couple more days like today and I'll be doing great again

lagwagonlead · 10-13-2008, 03:26 PM

I'm not even sure how to get into my TSP to look at it and see how it's doing. I just know 8% of my paycheck is going into it. Stocks have looked like a good hobby to get into for a while now. I just keep waiting for a "good time" to enter the market with the little money I have. I'm thinking now that the stocks are low it would be a good time to go in. Keep up this discussion I'm enjoying it.


10-06-2008, 11:33 AM	#1
odin544 Superbiker Joined: Apr 2007 From: Kennewick, Washington I Ride: '08 Ducati 848 street , '03 R6 track bike	whos in the stock market? So who is invested in the stock market now? What are your thoughts about the current situation? What are your plans to deal with it? If you care to share. __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 11:50 AM	#2
Wistrick WMRRA Qualifier Joined: Oct 2007 From: Pendleton OR I Ride: Faster than Jpilot on a 250 Rebel!!!	I am invested in both my wifes and mines 401k. Since I have about 20 years tell I need the money the rock bottom prices mean I can buy more shares and make more money when it goes back up. The stock market like water is self leveling. The people who need to worry are the ones who need there money in the next 5 years. Dan __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 11:59 AM	#4
nwgmt Zone Head Joined: Jul 2008 From: Auburn, WA I Ride: 95' CBR1000f	im invested with comcast...and im fine....when the economy goes in the crap our stock goes up cause everyone stays home and watns more entertainment there...sooooo...as comcast grows my stock grows a lil bit works for me!!! __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 12:19 PM	#5
Stringcheese Superbiker Joined: May 2008 From: Clarkinsas, WA I Ride: 07' YZF600R	I've got about 80% of my money in the market, the rest is in safe investments like bonds. Of the money I have in the market the value has dropped about 30% since December of 07. Kinda sucks but what are you going to do? There's no way I'm selling anything right now and take an actual loss. As long as I hold what I've got the losses are all on paper. I plan to retire at 50 so I've got another 15 years before I need the money anyway. I'll just ride it out and try not to pay attention to the financial news. __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 12:22 PM	#6
GSXR-RACER MotoGP Contender Joined: Nov 2005 From: Pasco, Washington I Ride: 04" Mladin Edition	Keep it where you got it...I'm losing but it will come back!!!! __________________ Follow PNW Riders on Facebook and Twitter

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10-06-2008, 11:58 AM	#3
odin544 Superbiker Joined: Apr 2007 From: Kennewick, Washington I Ride: '08 Ducati 848 street , '03 R6 track bike	I too have money invested. Im completely new to this. So watching this thing drop is driving me NUTS! All I seem to see is the $$$ dropping. I dont need the money now. I put it there so I can have something in the furture. Its just getting really hard to think there will actually be something THERE. __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 12:22 PM	#7
JONNY ROCKET Pit Crew Joined: Apr 2007 From: SOMEWHERE SOUTH I Ride: 2008 CBR 1000RR	*It's like a rollercoaster, You dont get hurt as long as you dont jump off! You have lost nothing intill you take your $$ out.* . __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 04:10 PM	#9
Smokin_Joe Zone Head Joined: May 2006 From: Richland, WA I Ride: '05 R6, '06 CRF450R sumo	Ya its actually not that bad for us younger folks, but people that need it for retirement soon are hurting. But really they shouldnt have been in the stock market when nearing retirement anyways. As long as we don't get massive inflation we should be ok. Downside is companies will begin laying off pretty soon. __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 05:29 PM	#11
Beowulf Zone Head Joined: Sep 2006 From: Pasco, WA I Ride: '06 Triumph Sprint ST	Yeah. It's called dollar cost averaging. For example: You buy two shares at $20 and the market goes down to $10 a share. You have $40 in, but the stock is worth $20. If you sell now, you lose $20, but instead you buy two more shares at $10 per share, so now you have invested $60 and you have $40 worth of stock. Your investment per share is $15 per share. If you keep buying as it goes down, your investment per share keeps going down. Then when the market recovers you have a BIG gain. In this example, if the market went back up to $20 a share, you have $80 worth of stock with $60 in! __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 06:04 PM	#12
factorten WMRRA Qualifier Joined: May 2008 From: snohomish,wa I Ride: blue & white	what happens if the stock your in doesn't recover with the market? what if that stock is wa mu? you just got crushed thats what! stay away from cost averaging. if a stock drops more that 8% below your buy point sell it. never buy more. and never on margin. accept the fact that you picked an incorrect buy point on that stock. move as much into cash in this market as you can if your not already. this down treand is not over yet __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 06:07 PM	#13
odin544 Superbiker Joined: Apr 2007 From: Kennewick, Washington I Ride: '08 Ducati 848 street , '03 R6 track bike	So is everyone investing on there own or are you using an investment company? I've enlisted UBS. __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 06:10 PM	#14
factorten WMRRA Qualifier Joined: May 2008 From: snohomish,wa I Ride: blue & white	I use scottrade. __________________ Follow PNW Riders on Facebook and Twitter


10-06-2008, 06:22 PM	#15
factorten WMRRA Qualifier Joined: May 2008 From: snohomish,wa I Ride: blue & white	100% my own stock picks and 100% in cash on all of my accounts that I control including IRAs right now. My union retirement is out of my hands. I've been long the US dollar for about 1 month now. have not had a losing trade in over 14 months the markets are about possibilities and probabilities not gambling. if you go in with that attitude it wont be long before you out of cash and cash is your tool to make more cash __________________ Follow PNW Riders on Facebook and Twitter


10-07-2008, 04:09 PM	#18
nwgmt Zone Head Joined: Jul 2008 From: Auburn, WA I Ride: 95' CBR1000f	fidelity __________________ Follow PNW Riders on Facebook and Twitter


10-07-2008, 04:20 PM	#20
Beowulf Zone Head Joined: Sep 2006 From: Pasco, WA I Ride: '06 Triumph Sprint ST	I would say that if you cannot ride out individual stocks you are more risk averse and might consider index funds, which are a great way to stay in the market but avoid the risk of single stocks dying out. An example of an index fund is an S&P 500 index fund which takes all the investors money and buys shares to match the S&P 500. When you buy one share of an S & P index fund you get a share in 500 different companies. Sure you can't win big like buying in at the IPO of Google, but if a single company tanks, who cares? BTW- many companies have gone well below 8% and then recovered well above that. Sales of stock should be based not solely on the performance of the stock but why it is dropping. Is it a short term dropped based on the market being unsure about a new CEO with a decent track record? ...or is it based on faulty accounting practices? To buy and sell individual stocks successfully you have to do a lot of work staying informed to make effective decisions. With mutual funds you pay a small fee and a profesional does all the research for you. It has its advantages... __________________ Follow PNW Riders on Facebook and Twitter


10-09-2008, 01:09 PM	#22
odin544 Superbiker Joined: Apr 2007 From: Kennewick, Washington I Ride: '08 Ducati 848 street , '03 R6 track bike	So in my case where I am using UBS, Are the losses still only on paper? Aren't they a realized loss since they are constantly buying and selling? It would only be on paper if there was no movements at all correct? Sorry Im an obvious rookie with investing. __________________ Follow PNW Riders on Facebook and Twitter


10-09-2008, 01:22 PM	#23
dizriz Pit Crew Joined: Dec 2006 From: kent WA I Ride: AE R6	they say not to look at your 401k on a daily basis or you'll just freak yourself out. they are right because mine is dropping fast........... __________________ Follow PNW Riders on Facebook and Twitter


10-09-2008, 06:43 PM	#24
gsxrkid Endorsed Joined: May 2006 From: kennewick I Ride: 03 busa .93 gsxr and 2upwheelies	if mine drops much more I owe them __________________ Follow PNW Riders on Facebook and Twitter


10-09-2008, 06:58 PM	#25
suomycasino Superbiker Joined: Dec 2006 From: Silverdale, Wa I Ride: 2006 Gsxr-600	my TSP/401K is dropping daily. I actually bought a lot of Fannie MAE today When they dropped to $1.00. If i lose out fine, i am only investing with money i can afford to lose right now. Another single stock i am big into right now is CPRK(COPPER KING MINING) i have made over 200% on this stock right now and it is only at $.03, bought in at $.01 __________________ Follow PNW Riders on Facebook and Twitter


10-09-2008, 10:37 PM	#28
factorten WMRRA Qualifier Joined: May 2008 From: snohomish,wa I Ride: blue & white	yes you can reenter at a later time. but let that company prove itself first and began a turnaround. let the price action of the stock find a solid footing and began to trend upward once more then start to reenter. After a solid base has formed for a period of a few weeks to a few months(or sometimes longer). Higher highs and higher lows on the charts will indicate this new turnaround then start to reconsider a repurchase of shares. buy into this upward trending price action on the dips(slight pullbacks in the price of the stock usually of about 3% to 5% of the total price per share). Buying volume needs to be strong. Maybe as much 300% of the average volume in a singe day. These are called follow-through days. This inducates strong interest from institutional investors. As much as 70% of a stocks overall trading volume is from them. This will start to push the price high and thats what we want to see. apple is a great example of a turnaround stock. but still keep your stop loss at 8% or tighter if you like but let your profits run About the overall stock market in the past few weeks. Your just seeing more and more people waking up everyday and realizing that this is real and selling. Selling=down trend when the markets get over-sold hard enought you'll see a strong snap back. But it's hard to say when that day will be. To much bad news. __________________ Follow PNW Riders on Facebook and Twitter Last edited by factorten; 10-09-2008 at 11:04 PM..


10-09-2008, 11:00 PM	#29
factorten WMRRA Qualifier Joined: May 2008 From: snohomish,wa I Ride: blue & white	after 9980 on the DJI the 7700 range is the next support leval maybe the free fall will hold up there __________________ Follow PNW Riders on Facebook and Twitter


10-09-2008, 11:27 PM	#31
factorten WMRRA Qualifier Joined: May 2008 From: snohomish,wa I Ride: blue & white	its simple way of saying technical analysis __________________ Follow PNW Riders on Facebook and Twitter


10-10-2008, 06:20 PM	#33
Wrench Zone Head Joined: Feb 2005 From: Pasco	I have all my TSP/401k money in the "G" fund right now (government securities). I plan on transferring it all to the "S" (stocks) fund when the stock market levels off, which I believe it will here very shortly. If history repeats itself, I should be sitting very well off in the next 2 years. Heck, with GM's stock prices right now, I almost cant resist buying into the company! Hasnt been this low in 50 years!! __________________ Follow PNW Riders on Facebook and Twitter


10-10-2008, 07:24 PM	#34
Capt. All Gravy Endorsed Joined: Sep 2008 From: burien, washington I Ride: to forget!	gm is rising because the government gave them, chrysler and ford I believe a butt load of money, kinda like when they gave money to fannie may and the other, forgot the name, as well as aig, id be carefull with those companies, I really know very little bout all of this but ive seen a few things that raise flags. __________________ Follow PNW Riders on Facebook and Twitter


10-10-2008, 07:32 PM	#35
Dragon Rider Post Whore (In Training) Joined: Jul 2006 From: Portland OR I Ride: 89 Transalp, 06 DRZ400SM	save all the $$ I can, sell extra stuff that is just sitting around, and BUY MORE STOCK the dow will probably bottom out below 8K, but remember it was over 14k within the last year and will be again. __________________ Follow PNW Riders on Facebook and Twitter


10-10-2008, 11:06 PM	#37
TheFactor Superbiker Joined: Jul 2008 From: Hilllsboro,Or Blog Entries: 1 I Ride: 2006 CBR 1000 rr	I pulled mine out and rolled it over to a Bond, couldnt stand it anymore watching it go to -35% and dropping everyday. But like those mentioned above it "might" be a good time to buy because maybe in 5 or 10 years it could go up but I'd rather have a little bit of something now then possibly a lot of nothing later. Just my 2 cents and that being said im not into investing all my hard earned money on a maybe im just a blue collar worker that wants a little something for the future. __________________ Follow PNW Riders on Facebook and Twitter


10-13-2008, 08:01 AM	#38
sammybiker86 Endorsed Joined: Jul 2005 From: Richland, WA I Ride: 02 R1, 00 VTR, 04 ZZR600	Anyone trading forex? factorten? You mentioned being long the dollar? __________________ Follow PNW Riders on Facebook and Twitter


10-13-2008, 02:51 PM	#39
odin544 Superbiker Joined: Apr 2007 From: Kennewick, Washington I Ride: '08 Ducati 848 street , '03 R6 track bike	a couple more days like today and I'll be doing great again __________________ Follow PNW Riders on Facebook and Twitter


10-13-2008, 03:26 PM	#40
lagwagonlead WMRRA Qualifier Joined: May 2007 From: Oak Harbor, WA I Ride: 01 CBR600F4i/05 CBR600RR	I'm not even sure how to get into my TSP to look at it and see how it's doing. I just know 8% of my paycheck is going into it. Stocks have looked like a good hobby to get into for a while now. I just keep waiting for a "good time" to enter the market with the little money I have. I'm thinking now that the stocks are low it would be a good time to go in. Keep up this discussion I'm enjoying it. __________________ Follow PNW Riders on Facebook and Twitter

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