I just lost $7000 on my stocks - Advice needed

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  • erraticimpact
    Confirmed User
    • Sep 2002
    • 137
    #51
    Originally posted by PornNewz
    answer is simple, if you don't sell, you have lost nothing. Market will come back.
    That's absolutely false and called dollar-cost averaging. Firms like Sachs were saying that while pumping millions into Enron all the way to the bottom. And they still do it btw

      Comment

      • ZeroHero
        So Fucking Banned
        • Nov 2007
        • 15336
        #52
        Originally posted by pornjudge
        My advice:

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          • viroman
            Confirmed User
            • Mar 2006
            • 785
            #53
            Originally posted by fujiko
            This question is for anyone familiar with the stock market.
            Should i hold or just cash out... im left with $14,192 on that particular investment.
            my advice dont trade at all if you dont know how to do it... your investment it's casino now..
            Welcome to the Scammer Club
            I FUCKED BY VLAD (289-892-182) (See How)

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              • CyberHustler
                Masterbaiter
                • Feb 2006
                • 28760
                #54
                Originally posted by Wang Dong
                nobody know what happen future
                English!!!!!
                “If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”

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                  • collegeboobies
                    So Fucking Banned
                    • Jul 2004
                    • 3644
                    #55
                    buy gold so you can buy food when the shit starts falling

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                      • Snake Doctor
                        I'm Lenny2 Bitch
                        • Mar 2001
                        • 13449
                        #56
                        Originally posted by PornNewz
                        answer is simple, if you don't sell, you have lost nothing. Market will come back.
                        Yeah that's what they said to people who owned the NASDAQ back in 1999.

                        Even last year when the dow eclipsed 13K the NASDAQ never came close to it's all time high in the 5000 range.

                        There is no guarantee that it will come back.
                        sig too big

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                          • Snake Doctor
                            I'm Lenny2 Bitch
                            • Mar 2001
                            • 13449
                            #57
                            Now that I'm done being a smartass (for the moment)

                            It really depends on what the stocks are.

                            Jim Cramer has a really good take on this, in times like these the companies worth owning are ones that make something people can eat, drink, or smoke. Especially if they don't have to borrow money from anyone to produce their goods.

                            Companies with cash on the balance sheet who produce things that people will buy no matter what (food, soap, toothpaste, cigarettes, medicine) are going to demand a premium during a recession.
                            sig too big

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                              • VeriSexy
                                Join The Royal Family
                                • Apr 2002
                                • 25463
                                #58
                                Originally posted by Forest
                                the smartest thing you could have done is come to gfy for stock advise


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                                  • Penny24Seven
                                    So Fucking What
                                    • Jun 2007
                                    • 6287
                                    #59
                                    your kidding right? You make it sound like all stocks are the same, you gave no background on anything. You might as well cash out, go to Vegas and put it all on red and spin that wheel twice. When you walk out the door with nothing just don't look when crossing the street and you have better odds of getting ran over by a taxi cab driver. Then sue the casino and everyone within 100 feet of you and hope for your best. If you do hit and get 60K, go deposit it in the bank before you do the taxi car bit because even better odds people will come to help you and see the money, take the money and run. Probably finish you off too.
                                    See now you have all kinds of options, good luck
                                    Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

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