Stocks: Anybody buy in October and hoping for a November spike

Discussion in 'Fred's House of Pancakes' started by Fibb222, Nov 2, 2008.

  1. Fibb222

    Fibb222 New Member

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    I've been buying (with borrowed money) a bunch of ETFs through the middle of October. Generally I think the panic and fear led to some overselling of broader indices. My portfolio lost at least 30% in the crash.

    I'd like to hear from those of you that have bought as well and those who think that's crazy.

    Also, with the election almost over, will there be a new optimism in the stock markets?
     
  2. Stev0

    Stev0 Honorary Hong Kong Cavalier

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    Theoretically, now is the time to buy, since it looks like everybody has pretty much bottomed out.

    In reality, that doesn't mean they have.
     
  3. andyprius

    andyprius Senior Member

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    Now is absolutely the time to buy, statistically it has been proved that anytime is a good time to buy, if you are a long term investor and don't need the funds. When the market dives, one apparently loses large amounts, however if you don't sell you have not lost anything.
     
  4. hyo silver

    hyo silver Awaaaaay

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    I've seen enough October crashes to wonder if it should be common practice to cash out in September, and buy back more of the same in November at cheaper prices. Of course, if everybody did that, it would only make the phenomenon worse.
     
  5. qbee42

    qbee42 My other car is a boat

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    We continue to buy, but not with borrowed money. On the other hand, any gain we get will never offset the losses we took with our bank stocks.

    Tom
     
  6. road__rider

    road__rider Junior Member

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    I started buying mid October, and continue to buy. I absolutely believe that now is a good time to buy.

    There is at least $3 trillion waiting on the sidelines for "the time". Buy fundamentally strong companies that do not have a lot of debt, that have been oversold in the panic.
     
  7. NYPrius1

    NYPrius1 Active Member

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    Purchased 5000 shares of Ford at 2.00 A share. Between the new model news and the possible Government Bailout, it may pay off.
    I have been investing in my 401k like I usually do, no cutbacks.
     
  8. Boo

    Boo Boola Boola Member

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    To me, if Warren Buffet says it's a good time to buy stocks, then it's time to buy stocks (at least if you're a value investor and have a long horizon). It's what I'm advising my college student daughter to do with a quarter or one half of her savings.

    As to real estate, I think it's still over-priced and we're still at bubble price levels.

    Inter-related caveat: I accurately predicted the real estate and sub-prime mortgage collapse. But what I did not predict (and still cannot predict) is the effect that the real estate/mortgage collapse had on the entire financial system and economy. With my belief that real estate has not bottomed and is still over-priced, I just don't know what the short- and mid-term effect of that over-pricing will be on the economy and stock prices (no matter if stocks are presently undervalued).
     
  9. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    I got nervous a long time ago and started moving funds around in my 401k. Mostly out of aggressive stocks and into bonds and guaranteed funds. That has sheltered most of my investments. Of course, I realize that selling out of stocks could have - in some minuscule way - be attributed as a cause for this whole mess.

    What hit I have taken could easily be considered "unrealized growth" and therefore doesn't even count in my mind.

    Like Boo said, Warren Buffet says, "when everyone else is scared you should be bold." But I'm still a little concerned about the market going even lower. It'll probably be around this time next year before I'm seriously considering moving back into stocks.
     
  10. Zythryn

    Zythryn Senior Member

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    Continued buying as always. Stocks are on sale so it is a good time to buy.
    However, I wouldn't be doing so just hoping for a big upswing in November. It may happen, it may not.
    Going into a recession, quite possibly a deep recession I would not be borrowing money to invest either. If things continue on a downward trend debt is a very bad thing.
     
  11. mojo

    mojo Senior Member

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    Buy strategically.
    In 10-20 years every vehicle will have a lithium battery.
    Today the only American miner of lithium is down %65.
    This is like having the opportunity to buy Apple in 1980

    ROC.
     
  12. Fibb222

    Fibb222 New Member

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  13. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    yes i am and did...so far so good...still has not come close to making up what has been lost,

    but i did buy a bunch or cheap stock at $1.40 a share and its at $2.53 (as of 5 mins ago) and its been steadily rising.

    but have to do something, my 401K has taken a bath in October...
     
  14. Bobwho

    Bobwho New Member

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    I sold on upticks! Buy? Sell short or die.
     
  15. zenMachine

    zenMachine Just another Onionhead

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    I bought a bunch of Ford shares at $2 too! :)
     
  16. Fibb222

    Fibb222 New Member

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    Oh oh, now were back heading down the crapper.
     
  17. ctbering

    ctbering Rambling Man

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    This is not an advertisement because I am not a good invester according to my choice of Financial managers, A.G. Edwards, who was recently purchased by Wachovia. After the October beating I took on what I thought were fairly safe investments I moved my IRA's into a holding account not affected by the stock market. I did talk to a financial investment person by the name of Marc Sussman which I heard on Air America (yes it's a liberal radio station).
    The Sussman Group focuses on FDIC insured investments and investments with responsible corporations that focus on alternative energies and environmental issues, in general.

    The Sussman Group | Socially Responsible Investing

    From what he told me investing in stocks and bonds is like a minefield and that no one will really know the depth of the credit crisis we face until there are congressional hearings into what some of these companies owe and will be required to pay over the next few years and beyond. This may take years and the market may be bearish for awhile.

    As someone who works in Social Services I assumed there were ethics in the business world but who would have thunk that while we were being sold out by these greedy bastards that they would be taking expensive junkets to the French Riviera (like when Wachovia bought AG Edwards during the U.S bailout)?

    I am disgusted like everyone else and want to put what savings I have left in something I believe in.. Your thoughts would be appreciated..
     
  18. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    as bad as it seems now, IF you have the time (that could take as much as 5 years or more) the stocks will rebound. unlike the housing situation, the stock market was not on as much of a bubble (MY opinion !!) and should eventually regain most of its current value. if looking long term the overall value of the market increases at a relatively steady rate. sure it has its big ups and downs, but if averaging over 5 years, its peak it hit last year was really only slightly above the average rate of increase.

    now, it took about 2½ years, i think, to recover from the last dip. but i think, it will take much longer this time. the dip is much greater and there are several other problems that will slow the recovery. so, if you didn't move your investments already to something less volatile, i think, we just need to sit tight for a while.

    if you are within 5 years of retiring, i dont know what your best option would be.

    now remember, i am not an expert either... but i dont think we will lose much more than 10-15% more value before the recovery starts up again. i do feel that it will take at least another year before we start a turnaround though.
     
  19. malorn

    malorn Senior Member

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    I invested heavily in oil futures @ 145/barrel, because i read on here that oil was going to $200/barrel before the end of this year. What do I do now?..................Just kidding, I do have GM and Ford dealerships and GM and Ford stock, some of which was purchased by my father for more than $100/share. Beware Google!
     
  20. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    well we all have some "ghosts" in our investment closets.

    i had 2 CD's for both my kids. both recently matured. so i did the dumb thing. took half reinvested into another 3 year term. took the other half put into stock market thinking it would be the way to go.

    so far, the $20,000 put in the market currently has a value of $13,000... it was as low as $8,000 at one time. all in less than 6 months.
     
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