Member of the Month

JalmarKalmar
April, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

Market tumbling

profile picture
KravtZ
Posts: 6637 - Karma: 2,629
Anyone else get crushed today? Got paid yesterday and put my daily investing amount into the markets...still drastically up past few years but taking a serious beat down today
Jul 31 2014 3:19PM
3 0
profile picture
~~~~~~~~
Posts: 2345 - Karma: 2,104
yeah DJI down 300 points.
Jul 31 2014 3:35PM
0 0
profile picture
AT-AT
Posts: 3281 - Karma: 3,256
The news says its caused by "increasing tensions in Russia"..... like that hasn't been going on for months.
Jul 31 2014 3:38PM
1 0
profile picture
lIllI
Posts: 1255 - Karma: 1,986
...it'll be back. Right?

In other news, Apple is about to rip PayPal a new one.
Jul 31 2014 3:39PM
1 0
profile picture
Ski_the_east01
Posts: 5203 - Karma: 2,304
You're a day trader?
Jul 31 2014 3:39PM
0 0
profile picture
TheBigApple
Posts: 1169 - Karma: 488
Yeah i got shredded today... took my gains from the last two weeks. Oh well. Always tomorrow!
Jul 31 2014 3:41PM
0 0
profile picture
KravtZ
Posts: 6637 - Karma: 2,629
Ski_the_east01You're a day trader?


Nope in IB....but will be buying more tonight for tomorrow. I always buy big dips and more or less have done pretty well doing it.
Jul 31 2014 3:42PM
0 0
profile picture
Rusticles
Posts: 2179 - Karma: 1,334
butthole got punched today and yesterday, still holding for the long haul
Jul 31 2014 4:17PM
0 0
profile picture
SkiBum.
Posts: 3597 - Karma: 3,897
Ski_the_east01You're a day trader?


I bet the worst part of being a day trader is doing your taxes at the end of the year. That has to be horrible.



In other news, yes the stock market goes up and down. Nothing new...
Jul 31 2014 5:24PM
0 0
profile picture
theabortionator
Posts: 51287 - Karma: 157,872
Hopefully nothing too wild happens. I want to grab some silver when I get back to the states now that it's back down semi low again.
Aug 1 2014 12:58AM
0 0
profile picture
562056961108
Posts: 0 - Karma: 575
I was up 25% on a gopro trade (im a finance wonk, not a fanboy, bought a big dip off barron's false news report that GoPro's suck), but got smoked today. Got out early enough to salvage a 14% gain in a few weeks, but still blows.

Waiting for Monday to be greedy when others are fearful (if you get that quote, internet high 5 to you!).
Aug 1 2014 12:36PM
0 0
profile picture
562056961108
Posts: 0 - Karma: 575
That GoPro trade sucks too, beat on revenue and EPS, and raised guidance, and still down big on valuation fears. Feels like getting a bad beat on pocket kings in poker. horseshit.
Aug 1 2014 12:37PM
0 0
profile picture
KravtZ
Posts: 6637 - Karma: 2,629
huckcliffsThat GoPro trade sucks too, beat on revenue and EPS, and raised guidance, and still down big on valuation fears. Feels like getting a bad beat on pocket kings in poker. horseshit.


Im long go pro going for a while. Think about it...movies, tv shows, everyone uses go pros. They eventually will start diversifying products / making much higher end things. Only a matter of time.
Aug 1 2014 12:59PM
0 0
profile picture
sniper_6
Posts: 1919 - Karma: 1,573
I'm not too worried. Earnings have been strong and all the general economic factors are indicating continued recovery (GDP was up 4% in Q2 for christ sake). I think we were due for a correction, thats what yesterday was, market pretty much went sideways today, and I think it'll rally again through august. I'm still bullish. If you're long in the market, this is a good thing. Dips breed opportunity.
Aug 1 2014 8:44PM
0 0
profile picture
J_BISCHOF
Posts: 2082 - Karma: 1,449
KravtZIm long go pro going for a while. Think about it...movies, tv shows, everyone uses go pros. They eventually will start diversifying products / making much higher end things. Only a matter of time.


this is probably false because they said they wanted to become more of a media company and try and distance themselves from the hardware game.
Aug 1 2014 10:49PM
0 0
profile picture
sniper_6
Posts: 1919 - Karma: 1,573
Is there an investing cult on NS? If so, I assume someone in this thread is a mod and I would appreciate an invite. I don't work in the finance industry or anything but I'm a very conscientious individual investor.
Aug 1 2014 11:14PM
0 0
All times are Eastern (-4)