[geoff]

Originally posted by cardinal_creek:
As usual I agree with Fan. I swear you must be my evil twin - just smarter to have settled in FL...

It's only a loss when you SELL. Otherwise, it is only a loss on paper. Optimistically thinking, it is also a chance to save some tax money by selling a stinker.

The rule to take away from this correction is only invest money that you don't need for 2-4 years or more. Keep six months of pay in a money market mutual fund which pays 5% compared to the $hit you get in a standard checking account. This money is too be used for emergencies, vacation, car buying, etc.

So, it is a buying opportunity...

bingo...he's dead right. my losses on paper are staggering, but they're still not realized. i might sell some off to realize some year-end capital losses, but otherwise, hold until i'm at least at cost basis.

thank God i'm not margined. a friend of mine is about 50% margined and he got a few very ugly phone calls. ugh. he has some 'splainin' to do to the wife. d'oh.

 

[94Lude00S2OOO]

Yep me too. I was going to get the IS300 but then decided on the S4. Now I'm getting neither (the IS300 a possibility). If the stock does well, I will go with the S4, if it does ok, the IS300. Basically I lost enough to purchase a fully loaded S4 during the last 3 weeks of this downturn. ;(

 

[ISFAN]

Originally posted by 94Lude00S2OOO:
Yep me too. I was going to get the IS300 but then decided on the S4. Now I'm getting neither (the IS300 a possibility). If the stock does well, I will go with the S4, if it does ok, the IS300. Basically I lost enough to purchase a fully loaded S4 during the last 3 weeks of this downturn. ;(

4th qtr has been historicaly hot. I think we will see a turnaround after the election.

Geoff on the margin, whoo that does suck. That is what starts this whole down swing. All the margin calls come in and boom ya have to sell to pay the piper.

Stock is a very risky game to some folks.

 

[mrclam]

it gets very risky when you play with margin =)

 

[chromaplast]

hmm.. I got screwed over a few months ago
but I am doing ok this time

 

[AltezzaRoku]

Yeah.. I had originally decided to buy the IS this year.. but with the way stocks are performing... <Margin Call>... I am forced to wait until next year..
But at least I get the stick....

 

[brad]

I know you've got to be kidding about Greenspan.

Originally posted by rarjoon:
I lost 12g's in March 2000

thats what stopped me from getting the MB CLK430

I hate Allan Greenspan (He's a C0CK that hurting the poor people!)

 

[EricK]

Originally posted by geoff:
no, you're not reading that wrong. i inherited 13K shares, and purchased the rest.

i drive a cl-s because it's a reasonable car for a daily driver. i also have an 86 porsche 951, heavily modded. i'm not too horribly extravagant with cars.

Geoff,
I guess the fact that you own the CL-s and have so much money just goes to show that if money is no object, you'll choose a CL-s... Interesting......
Eric....

 

[TEG]

Sorry guys - I am locking this post - as much as we all want to talk about the market, this isn't the place. There are bboards on raginbull.com, Yahoo forums, and other places for investment talk. IS300.net is not the place.