Ok you sold, and therefore you feel the need to come back here and tell us how much more it is going to fall? is that how you feel better about your loss?
Some of us are long-term investors and see panic selling as opportunities. Just because you changed your mind doesn't mean we all have to change ours.
Japan has been restarting and will continue to ramp up until September. China's last manufacturing and non-manufacturing numbers came in above consensus, we should hear about their inflation situation tomorrow -- I expect it will moderate significantly given the downward movement we have seen in commodities/food.
The US is still growing as well (from every metric I can see), the problem is that 1.5%-2% GDP growth feels awful slow :).
I gobbled up 50k shares of NM today, never thought i'd get them under $3 again. If we go lower i'll buy more but am perfectly happy with a half-position at this price -- and i'm sure i'll make alot of money at some point from this buy.
I hope you get your cheaper entry price, but I doubt we go much lower right now given how oversold everything is (We are at a RSI of 6.5!!!!).
Yes, everyone knew about the good jobs numbers Friday but the market went down 634 pts. My question is what is going to make this market go up? Do not like loosing money. THe market knows the truth and right now the market is saying a recession is out there. I will listen to the market. Buying at this time is very risky indeed.
Recession? You mean the 33% probability many are assigning? Thats a far cry from recession. Tell me, what economic numbers are showing shrinkage? I thought we just created 154k private sector jobs in July ;).
Do not know how strong you could be. You have lost a lot of money and it isn't over. As long as the market goes down this stock will follow. It is not exactly a blue chip stock and they had trouble in the shipping industry before the downturn. i sold out at 4.88 and glad I did. To soon to think about buying back in. There is a recession out there, haven't you heard?