The Town of Odyssey

J-man wrote:

Factsbuffet is at $16 and Wainwright at $19!

Check again.

both have been going down non stop for over a week now

Yep, I definately don't trust the market. And I'm really really glad I got rid of my Wainright stocks a while ago.

I bought Banzai and it immediately went down. Strange how that works. And strange how I always have just enough to buy 18 stocks.

I got out of the market when it was around $80. Now I'm glad I did.

Jonathan wrote:Yep, I definately don't trust the market. And I'm really really glad I got rid of my Wainright stocks a while ago.

it has been going down for so long... I'm starting to wonder if it's gonna go back up...

I've lost too much money

WINDSHEAR wrote:

Jonathan wrote:Yep, I definately don't trust the market. And I'm really really glad I got rid of my Wainright stocks a while ago.

it has been going down for so long... I'm starting to wonder if it's gonna go back up...

I've lost too much money

I've lost a lot of money now too...........I may need therapy for this Now I'm at the point of holding out and hoping it starts to go up since wainwright has already reached new lows.........definately don't want to sell now and then see it go up as soon as I do so.

Peace Out

-Gimp

you are what's holding it down... sell it, and then buy again in the evening, I think that will give it a change of direction.

WINDSHEAR wrote:you are what's holding it down... sell it, and then buy again in the evening, I think that will give it a change of direction.

And loose better than 8,000$..........I don't think so, I'll take my chances with it.

Peace Out

-Gimp

Ya, It hasn't been much fun investing in the market these days. I buy after it's gone down a couple of times and they rarely come back up. I'm to the point of not even looking much anymore.

gimp80995 wrote:

WINDSHEAR wrote:you are what's holding it down... sell it, and then buy again in the evening, I think that will give it a change of direction.

And loose better than 8,000$..........I don't think so, I'll take my chances with it.

Peace Out

-Gimp

well, if you had sold last night... and rebought this morning, just to give it a change, and it had gone down a couple more, you would have stopped yourself from losing a few more dollars. If it had gone up, (which it has) you would have missed out on regaining only 80x2... because there was a 2 dollar increase last night. When I'm losing, even if it's a thousand dollars, I sell out until I see it start moving back up. I do that because I could lose 2000 if I stay in. Then I get in on the deal and hang on. This is how the real life stock market works. You sell as soon as you possibly can to minimize loss, and then reinvest. This is because the less money value you have in a stock (caused by the falling value of the stock), the more percentage increase there has to be to regain it. Therefore it is much harder to regain losses.

The above makes sense because about a month ago (I'm not sure when), you invested in 80 of Wainright... it has since gone down about 85%. You had $8000 invested. It is now worth $1280. If you had sold out when it had gone down a thousand dollars ($85 a share), you would not have lost $6000.

Edited to add: The point being that, if you had followed my advice, you would not have regained $160. But if it had not finally gone up for the first time in a month last night, my suggestion would probably have saved you $160, and we could have found out if you were the reason for the stock crashing.

I don't think there is any rhyme or reason to the market doing what it is. And I really don't think that any one person is to blame for it going down. I'm not entirely sure how the ToO market works, but I've tracked it for awhile and I can't make any sense out of it other than it's purely random.

map wrote:I don't think there is any rhyme or reason to the market doing what it is. And I really don't think that any one person is to blame for it going down. I'm not entirely sure how the ToO market works, but I've tracked it for awhile and I can't make any sense out of it other than it's purely random.

nobody's to blame. I wans't blaming her lol... it could have been the simple fact that somebody had money invested in that stock that it kept it's course. Just a theory... I've had the weird experience that a stock will keep going down until I sell it, I sell it, it changes direction, and then I buy... sometimes it works

Wainwright looks like it's comming back up

*waits*

Peace Out

-Gimp

Murphy's Law on Stocks: As soon as you buy 20, the whole thing will plummet.

I smile and yet, that is not funny.



-Cowboy

I just keep buying Factsbuffet as it goes down; I have all my money in it now (which isn't much).

COWBOY OF TEXAS wrote:I smile and yet, that is not funny.



-Cowboy

I thought it was funny^_^

Are you laughing at my misfortune, Jonathan?

Factbuffet died.