So a little over a year ago I used my Investment account to buy my CL I was planning to get back in the market in September but with these 300+ point down! days I'm def. having second thoughts. Anyway I'm looking mainly for aggressive mutual funds to buy through Scottrade so it doesn't really matter what company runs them, but I'm open to stock ideas if you guys are making good profits on them. Whatcha got for me?? God Bless.

 

IMO now is a good time to buy on dips. Split up your purchases. Say 1/4 of your money after any large drop.

Depending on conditions late next year I may even buy a home builder if it looks like the bottom is in.

I just saw a sign in front of a new development in Hamilton, NJ "Homes from $799,000".

 

Not a big deal, we're only off 5 percent from the highs. You're young and trading is for professionals, stick it in some mutual funds and forget it.

 

shorting subprime mortgages on options is what I am doing right now....just waiting

 

trading is for anyone who wants to put the time in I was up 20% in a few months when I started. I don't think thats bad for a beginner, but I probably will go the mutual fund route, just tryna see how you guys are doin it. Thanks for the ideas.

 

Short alt-a lenders, IndyMac, CW, M&T, etc.

 

Me ive been shorting TMA

 

shorting homebuilders and subprime people is played out, theyre like 60% short float, it's ridiculous, most of the life has been sucked out of them, gonna be short squeezes all over until someone goes bankrupt then it will start again... don't bother with that when you can extract more value shorting other things

short financials instead as they each slowly but surely come out of the woodwork and report things about their funds which slowly bleeds them down even further. once all the earnings estimates for each of the major investment banks are cut way down, then you can consider possibly going long and getting a true valuation of those companies. but until that happens just short em. bear stearns and goldman are the only ones who've said anything... still got lehman, jp morgan, etc to comment on the matter. that's 3 more most likely negative catalysts for the sector right there

go long tech in the mean time, goog and aapl have some solid entry points here. EMC tomorrow, or i guess now it's technically today will be huge. i'm long that badboy, up 8% today for the VMWare IPO anticipation and this morning it will gap up huge, EMC will prob hit $22.

oil drillers will start looking pretty attractively valued around here, maybe after the next dip. some integrated oil plays would be good too.

volatile markets suck for the really long term/retirement investor who just sits long with all their positions, but there are PLENTY of opportunities to make money

 

I was looking at AAPL and waiting for a good price on GS but not sure when that sector turns around.

 

Nice move. So does this mean you've moved on from stocks.

 

yeah plus another 5% or 780 points this week

 

10% corrections are par for the course, you should expect to see plenty of them in your investment lifetime.

 

yeah I know I've been waiting for this since april. Meanwhile my cash is getting 6% in the bank, I'm hoping this will be done mid september

 

AWWW CRAP!! Countrywide is in shambles. The market is so sensitive to bad news that just about any good news is ignored. Such as JCPenny's sales /profit increase. It should tell us that credit problems aren't hurting retail sales all that much. But I guess investors are too nervous at this point.

 

Would now be a good time for "buy low, sell high"?

 

Credit rating agency Moody's Investors Service downgraded Countrywide's senior debt rating to "Baa3" from "A3," citing Countrywide's funding problems.

http://www.chron.com/disp/story.mpl/...s/5059440.html

 

IF these rating agencies are really behind the curve... CFC is screwed.

 

covered gs short today as well as cfc short. gs had 2x normal volume today, BUYING gs now, for a trade NOT an investment. hold for a few days then sell. market = oversold, not bottomed. short term bounce, then back down we go. trade not invest right now. eventually it will be a good time to invest

 

you're asking the wrong question (even if a trader is making money its not going to help you make money).
The right question is: Who is using this downturn to position themselves to make money (& to beat the s&p) for the next 3 years? The value investors out there (Buffet and lesser known fund managers) are using this opportunity to load up on sound companies that tanked because the rest of the market tanked.

 

Yep, it's times when the markets are panicked that the baby gets thrown out with the proverbial bath water, which of course creates opportunity.