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dmarc117

dow 14000

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The market averages were able to build on Wednesday's bounce off supports with the aggressive advance coming amid broad based participation. The Dow put together its best performance in several years to establish a new all time high while the lagging S&P 500 cleared its June peak to reach its highest level since March 24, 2000, the day it set its all time intraday high of 1552.87. The Nasdaq Comp sprinted to its highest level since Feb 2001. Sector leadership was provided by Gold/Silver +3%, Trucking +2.9%, Semi +2.4%, Steel +2.4%, Software HOLDRs +2.3%, Networking +2.2%, Retail +2.2%, Banking +2.1%, Broker/Dealer +1.9%, Drug +1.9%, Oil +1.8%, Chemical +1.8%, Disk Drive +1.5%, Home Construction +1.4% and Internet +1.3%.

 

dow closed 13860 +285

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Ben Graham once said something to the effect of: "In the short term, the markets are nothing more than a voting machine."

 

In other words, markets are fickle; don't get too amped up (in the case of a day like today) or depressed (like on the day at the end of March when the markets were off 4% in a single day).

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Ben Graham once said something to the effect of: "In the short term, the markets are nothing more than a voting machine."

 

In other words, markets are fickle; don't get too amped up (in the case of a day like today) or depressed (like on the day at the end of March when the markets were off 4% in a single day).

In particular, don't set up your 401k portfolio on your My Yahoo home page like I have because you'll be one of these:

 

:D or :D or (rarely) ::tup:

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Thank you Nancy.

 

first thing I thought of as well. H8's influence is insidious.

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It's wierd looking back to that big drop we had a few months ago. Been riding SLW the whole summer (11.04)... :D

Edited by broncosn05

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Is that why I took a beating with KMGB today?

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Is that why I took a beating with KMGB today?

 

Most movements in stocks are nothing more than noise.

 

There was news that a director sold stock; but beware of spurrious correlations.

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Most movements in stocks are nothing more than noise.

 

There was news that a director sold stock; but beware of spurrious correlations.

 

The SUPERCALIFRAGILISTICEXPIALIDOCIOUS !!!er sold 1,000,000 shares with only 4.5 floating. Dropped 12% today alone. Too bad I wasn't in on the ground floor......

Edited by godtomsatan

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The SUPERCALIFRAGILISTICEXPIALIDOCIOUS !!!er sold 1,000,000 shares with only 4.5 floating. Dropped 12% today alone. Too bad I wasn't in on the ground floor......

 

You mean 113,500 shares (1/2 of the typical day's volume) ... not that big of a deal (imo). If the stock doesn't trade up (relative to the market and other chemical companies) over the next couple of days, there are probably bigger issues afoot. Or such would be my guess.

Edited by muck

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Ben Graham once said something to the effect of: "In the short term, the markets are nothing more than a voting machine."

 

In other words, markets are fickle; don't get too amped up (in the case of a day like today) or depressed (like on the day at the end of March when the markets were off 4% in a single day).

After today, not a bad time to take some profits and be happy. If the market goes up, you can continue to be happy that you are making money. If the market goes down, you can be happy that you took some off the table.

 

I still have some money in the market, but have pulled a little out these past couple of weeks (including after today's close) and will have no regrets either way.

 

Buy low, sell high.

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Buy low, sell high.

 

Fear? That's the other guy's problem.

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Just checked under my mattress and all my money is still there

 

 

As is a half of a ham sandwich

 

:D

Edited by isleseeya

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Just checked under my mattress and all my money is still there

As is a half of a ham sandwich

 

:D

 

Is the dead hooker still there too?

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why do you hate america?

 

I don't hate all of America. Only 50% of it. My other 50% is in these two funds:

 

FSDAX

 

FCNTX

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why do you hate america?

 

Rughmor has is he got a bad haircut once. :D

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You mean 113,500 shares (1/2 of the typical day's volume) ... not that big of a deal (imo). If the stock doesn't trade up (relative to the market and other chemical companies) over the next couple of days, there are probably bigger issues afoot. Or such would be my guess.

 

That' goes with the additional 1,000,000 shares the director sold off last week in addition to the ones yesterday. It's my bad, I should have bailed on it after the first sale. It, just was a gigantic loser on an otherwise big winner day. Hung onto it today thinking it might make a bounce, but no, down another 3.5-4%.....:doh!:

Edited by godtomsatan

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That' goes with the additional 1,000,000 shares the director sold off last week in addition to the ones yesterday. It's my bad, I should have bailed on it after the first sale. It, just was a gigantic loser on an otherwise big winner day. Hung onto it today thinking it might make a bounce, but no, down another 3.5-4%.....:doh!:

 

Buy more to reduce your cost per share. :D

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