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Getting killed in the stock market today......

Discussion in 'The Coffee Shop ~ Chit Chat' started by Grynder, Aug 3, 2007.

  1. Grynder

    Grynder Rockstar

    Never was good at loosing ........

    Grrrrrrrrr !
     
  2. Cableguy

    Cableguy Epic Member 5+ Years ROTM Winner 1000 Posts

    Buy "RCI-B" shares on the TSX. Then you can wollow in dough like me...LOL (I work there, Ha Ha)
     
  3. ChevyFan

    ChevyFan November Beard Grower - Cancer Fighter Staff Member 5+ Years 5000 Posts

    Having huge medical bills for the past few years has kept me from having the burdon of worrying about the stock market!

    How bad did it drop? I know it started sliding earlier in the week.
     
  4. Grynder

    Grynder Rockstar

    Down about 10% for the week. Not a huge amount invested but it still sucks to loose and I cringe when I think about it. I shoulda saw it coming, normally I can do 10-30% gains a month. Guess i got a lil greedy and overly confident........

    Remembering losses can generate profit !
     
  5. Donn2390

    Donn2390 New Member

    You just have to have a little patience..! It's up 287 today. Life is good!!
     
    Last edited by a moderator: Aug 16, 2007
  6. GM_Guy

    GM_Guy Epic Member 5+ Years 500 Posts ROTM Winner

    invest in gasoline futures, there's big money in that
     
  7. unplugged

    unplugged Epic Member 5+ Years 1000 Posts

    Futures are outside my risk level, but my Valero stock is doing OK, so far this year. VLO Toyota is killing me.:fighting0098:
     
  8. ChevyFan

    ChevyFan November Beard Grower - Cancer Fighter Staff Member 5+ Years 5000 Posts

  9. 84fiero123

    84fiero123 Epic Member 5+ Years 1000 Posts Platinum Contributor

    I don’t know what market you were watching.

    http://apnews.excite.com/article/20070816/D8R289BG2.html

    Dow Industrials Plunge 300 Points


    Email this Story

    Aug 16, 1:07 PM (ET)

    By JOE BEL BRUNO

    (AP) The sculpture on the facade of the New York Stock Exchange is a backdrop for a Wall Street street...
    Full Image

    p {margin:12px 0px 0px 0px;}
    NEW YORK (AP) - Wall Street plunged again Thursday, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. (#HYPERLINK "http://money.excite.com/jsp/qt/short.jsp?symbol_search_text=CFC"CFC) confirmed investors' fears that credit problems are spreading. The market shrugged off the Federal Reserve's injection of $17 billion into the banking system, and the Dow Jones industrial average fell more than 300 points.
    Investors' confidence, already diminished by months of bad news about mortgages and credit, took a further pummeling after Countrywide, the nation's largest mortgage lender, said it was forced to draw on an $11.5 billion credit line to fund operations.
     
  10. GM_Guy

    GM_Guy Epic Member 5+ Years 500 Posts ROTM Winner

    well, my Acme Gonkulator Co. stock is way up too :sign0020:
     

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