|
08-14-2018, 06:35 PM | #2236 |
I'll be back.
Join Date: Nov 2002
|
2018: Lost my job, my girlfriend and my ass in the stock market.
Pretty sure Mahomes is going to suck this year now. |
Posts: 286,086
|
08-14-2018, 06:57 PM | #2237 | ||
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
|
Quote:
Quote:
I'd laugh, but I've done exactly the same thing a few times. |
||
Posts: 142,672
|
08-14-2018, 07:02 PM | #2238 |
I'll be back.
Join Date: Nov 2002
|
I bought it at 41.52, thinking I had picked it up on a reasonable downswing after it fell from the high of 46.23.
So at least I didn't lose as much of my ass as I could have. From what I just read though, the long-term outlook is still very strong and the drop is just china's market being shit right now. Either way this is probably the last foreign stock I buy. They're way too volatile. |
Posts: 286,086
|
08-14-2018, 07:02 PM | #2239 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
|
Lever up and buy more, pussy.
|
Posts: 43,914
|
08-14-2018, 07:08 PM | #2240 |
I'll be back.
Join Date: Nov 2002
|
could be worse
interesting talk on reddit...people saying it's going to hit $60 in November |
Posts: 286,086
|
08-14-2018, 07:15 PM | #2241 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
|
|
Posts: 43,914
|
08-14-2018, 07:18 PM | #2242 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
|
Quote:
If it makes you feel better, I've lost 90+ percent on a stock before. JDSU haunts me. I think I first bought it around 120 and sold it at around 3 or some such thing. And it was not a small holding, either, because I kept buying as it went down. https://en.wikipedia.org/wiki/JDSU#Stock During the 1990s, JDS Uniphase stock was a high-flyer tech stock investor favorite. Its stock price doubled three times and three stock splits of 2:1 occurred roughly every 90 days during the last half of 1999 through early 2000, making millionaires of many employees who were stock option holders, and further enabling JDS Uniphase to go on an acquisition and merger binge. After the telecom downturn, JDS Uniphase announced in late July 2001 the largest (up to then) write-down of goodwill. Employment soon dropped as part of the Global Realignment Program from nearly 29,000 to approximately 5,300, many of its factories and facilities were closed around the world, and the stock price dropped from $153 per share to less than $2 per share. |
|
Posts: 142,672
|
08-14-2018, 07:19 PM | #2243 |
I'll be back.
Join Date: Nov 2002
|
How did you research stocks in the 90s? Magazines?
|
Posts: 286,086
|
08-14-2018, 07:27 PM | #2244 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
|
The funny thing is that I don't remember. I was investing in individual stocks as early as 1991, but I don't remember how I researched them. And I was very active and technical in researching them at that point.
|
Posts: 142,672
|
08-14-2018, 07:48 PM | #2245 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
|
Posts: 46,069
|
08-14-2018, 08:49 PM | #2246 |
Consuming CP souls
Join Date: Oct 2005
Location: U.S.A.
|
|
Posts: 70,776
|
08-14-2018, 09:13 PM | #2247 |
I'll be back.
Join Date: Nov 2002
|
He's right though.
If you look at the subscriber base IQ has and the other companies they are absorbing, there is simply too much positive momentum there for this to last long. As soon as the chinese market turns and their positive momentum keeps trending, there will be another spike. And that's when I'm going to sell it as fast as possible. |
Posts: 286,086
|
08-15-2018, 05:40 AM | #2248 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
|
Quote:
However, SEC filings were largely the same then. You just had to get them. |
|
Posts: 57,710
|
08-15-2018, 06:39 AM | #2249 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
|
rut roh, tencent missed the top and bottom
Quote:
|
|
Posts: 6,249
|
08-15-2018, 07:22 AM | #2250 |
Fish are scared of me
Join Date: Nov 2001
|
|
Posts: 40,779
|
|
|