I am a 46 year old female. I quit my job on July 9,1998 to work the stock market. I did good as far as not losing money until today. I lost $6,000.00 today. (aol and yhoo) Can anyone relate with me? My self esteem is zilch. Please respond by email. Serious responses only.
You win some you lose. If you could pick em right all the time you would have temples and churches name after you cause your name would be God. My wife and I were down $70,000 grand, but we have made a few good calls and are on the way back. You'll be up again in no time.
Stay away from fad stocks like these internet issues. Look at stocks like Rubbermaid, Readers Digest, Pepsi, Dimon, key energy, Anheuser Busch, Pharmacia UpJohn etc. Read david dreman's new book, Contrarian Investment strategies: A New generation.
The Internet plays are too volatile to time right. i am 47, your age, and I have been investing in the market since I was 22. Trust me, long haul investing and not fad investing is the right way to go. If you want to take a flyer on one of the internet issues, buy a call or put, depending on which way you think it will go. I bought the Jan 99 100 YHOO put 2 days ago when the stock hit 130 and I already have a 30% gain. The downside is very limited.
Remember, the small investor drove this stock up and will surely drive it down. Take your $6k loss and move into real plays for you long future.
Sure everyone here can relate to losing money...It is not much fun. Hopefully you have made more money in the past than your recent loss today...You are dealing with volatile stocks and I would not believe the hype too much either way...The market probably is in for some trouble still in the weeks ahead...My only advice do not bet with more than you can afford to lose...and expect to lose some sleep. We have all been there.
i lost almost the same amount . don't feel bad alot of people lost money. yahoo will bounce back up. don't let these stupid shorts to scare you i believe that we will have a bounce up by noon tomorrow. cheers keep your chin up. thank you
Mutual fund cash at record low. Money flowing out.
Margin calls on YHOO longs that have bought at 120 and up. Forced liquidations starting tommorrow. Amateur shorts squeezed out during last week, mostly the MM's now, at highest prices. No rush to cover. They will take there time.
Technicals on indexes and virtually every individual stock have totally broken down today. YHOO collapse on HUGE volume is about as bad as it can get.
S&P and Dow most overvalued equities in entire world.
Yahoo projected earnings growth of >50% a year for next 5 years was always a joke, now it is even more so. Technicals and fundamentals just aren't there.