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Random Quote: It is not a fishing trip until you break something or lose something
Nat, RCL is already 20,
I said gold will drop, I was wrong on that, however
I'm looking for the post
that I said oil will go up to 75, when it was 40's, and then start to slide.
I wrote a half a page of good advice on how to make money in the stock market. then erased it.
I realized that at 76 years old I have lived the market for a long time, you young guys just don't see the potential of making a zillion bucks (more or less).
You have much more time than me, I Wish I had the time..........
I have much more than doubled my money in just a few months.....Have you?
I think nat has it right... spring of 2011 could be the bottom.
During the Christmas holidays if sales are flat, people will finally see that emperor has no clothes and the economy should drop again. Maybe worse than the first time. This was on DRUDGE earlier:
Economist warns of double-dip recession http://www.ft.com/cms/s/0/e6dd31f0-a...nclick_check=1
If this scenario plays out It might not be a bad idea to park some money into precious metals until after Christmas 2010.
I think nat has it right... spring of 2011 could be the bottom.
During the Christmas holidays if sales are flat, people will finally see that emperor has no clothes and the economy should drop again. Maybe worse than the first time. This was on DRUDGE earlier:
Economist warns of double-dip recession http://www.ft.com/cms/s/0/e6dd31f0-a...nclick_check=1
If this scenario plays out It might not be a bad idea to park some money into precious metals until after Christmas 2010.
who is Jesse Livermore
"It never was my thinking that made the big money for me. It always was my sitting." –Jesse Livermore, Reminiscences of a Stock Operator
Livermore suggests that making money, big money, you have to be right and sit tight. This is the kiss of death for most traders and investors. Often being right is doing something that the masses deem foolish, stupid, unpatriotic, you name it. To be right, investors face isolation, ridicule, and labels. This pressure is simply too much for most individuals. The drive for social acceptance from group is very strong in humans. It’s easier for the psyche to get slaughtered as a group than stand alone and be right. Even those that have the discipline to stand alone and be right, it is often very hard to sit tight long enough to make the really big money.
You should consider doing your homework on
"Knowing when to sell"
How about that RCL rebound, it will be 25 soon
next year we will talk.
this guys had bought the "Oasis of the seas"
for 1.5 billion and at 6 doll the company was only worth 1 billion in market capitalization,
serious undervalued...
If you put all their fleet together plus the other company's
they own...
Azamara and NCL
bam bam
easy to figure it out.
Last edited by fidhhook54; 11-05-2009 at 05:20 PM.
How about that RCL rebound it will be 25 soon
next year we will talk.
this guys had bought the Oasis of the seas
for 1.5 billion and at 6 doll the company was only worth 1 billion in market capitalization,
serious undervalued...
If you put all their fleet together plus the other ccompany's
they own...
bam bam
easy to figure it out.
Fid
didn't mean to get you worked up, and didn't comment on RCL one way or the other, Just suggested reading up on knowing when to sell
didn't mean to get you worked up, and didn't comment on RCL one way or the other, Just suggested reading up on knowing when to sell
I know when to sell...
sometimes I just need
the money I have invested and it gets tricky...
Its a tough economy,
I made decision not to charge CC's,
and made a few sales too early, no problem
at least i'm not getting hit with the cc's payments.
It will all came back, my 401k is 15 percent up for the year.
As long as I have a job is all good.
just become a job/cave dweller for a while.
Last edited by fidhhook54; 11-05-2009 at 07:15 PM.
Plenty of stocks that went up 10x in America,
gold is the biggest scam ever...
Look you bought a piece of gold jewelry for 200 doll
5/10 year's ago, you try to sell it nowadays and you will be lucky if you
get your 200 doll back, despite gold going up from 250/ounce to 1100.
Anyway 14k gold is only 55 percent gold or less,
I have over 10 ounces of gold.
Anyway if gold gets to 2000, the dollar will be even more worthless,
as gold goes up the dollar goes down.
if gold gets to 2000, each Euro will be worth 3 doll, and the Canadian doll will be worth 2 US dollars...
Gold as jewelry is only worth to buy overseas,
they sell this thin gold necklages and bracelet's for over 300 doll in the USA,
some of this items they don't have 1 gram of pure gold, less than 20 doll in gold.
I have friends they have bought pounds and pounds of gold
in the last 15/20 years, they buy this necklages that have 300/400 grms of gold, higher than 18k, they buy only
19.25K and 22k or 24k gold only.
They could have made a mint, however they are not sellling...
Gold as diluted as it is here in the States is not even as a investment option,
or something that you want to keep in times of need,
some of this gold sold in the USA has more alumimium than gold...
And then most gold mines/gold exploration corporations still cannot turn a profit
with gold at 1100 doll a ounce.
I just wish I had the money to do what Buffet did.
He just purchased the freakin railroad!
I believe it was 38 billion....
Could you imagine having that much money?
Do you see Warren investing in gold or any other billionaire?
I did not heard of any.
Some people say he paid 38 billion,
other's say 26 billion...
Anyway gold went up from 850 in the lat year to 1100, a 17 percent increase,
nice, however with stocks that went up 10x in 6 months,
you can see that gold is not that great of investment.
Whatever...
Last edited by fidhhook54; 11-08-2009 at 10:29 AM.
