The Dow crosses above 9000. The S&P crosses above 1000. The NASDAQ crosses above 2000. Today is the day I finally accept the bear market is over. I bought Gamestop Corp. (GME) for $22.60. The valuations are exceedingly low for a company this good. My model says of GME...
Can anyone blame me for buying? Here is some of the research I have done on it. I plan to type up an analysis report for my website and mailing list, so that'll give a comprehensive view of my analysis.
i wish i could afford to invest in shares i also wish the economy recovery wouldn't be so quick, i need to take advantage of these low interest rate periods (and house prices) sometime before february. if rates and prices increases much between now and then i'll be seriously displeased!
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Aug-04-2009 03:11
BTG
Ez skinz ez lyfe
Registered: Nov 2001
Location: Milton ON
it's just a bump. if you compare the 'great depression' with todays market, it matches up quite well.
Aug-04-2009 03:14
Dj Skez
Suspended User
Registered: Jan 2008
Location: New York
quote:
Originally posted by pkcRAISTLIN
i wish i could afford to invest in shares i also wish the economy recovery wouldn't be so quick, i need to take advantage of these low interest rate periods (and house prices) sometime before february. if rates and prices increases much between now and then i'll be seriously displeased!
You shouldn't have to worry about that shit, you're a high ranking wizard.
Aug-04-2009 03:17
iTranscendence
Supreme tranceaddict
Registered: Jul 2009
Location: The Biggest Little City
All the decisions on this were made at the last bilderberg meeting. They are going to put your dick in the dirt again for the sake of global currency.
Originally posted by iTranscendence
All the decisions on this were made at the last bilderberg meeting. They are going to put your dick in the dirt again for the sake of global currency.
Have fun.
Oh, please
What you don’t understand about economics could fill the world’s libraries.
what you've said here doesn't even make sense. "global currency"? grow up you fucking twat
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Aug-04-2009 04:08
Nrg2Nfinit
ItaloDiscoAddict
Registered: Sep 2001
Location: Ottawa
ahh so you think we're on the uphill now eh?
What about the whole head and shoulders debacle that the techs are so weary about. I played my hand a bit shorting this market and it turned out well, but i think we're uphill from now on with a couple of corrections on the way. fundamentals look great on that company sounds like a good buy. But remember we're in recession so keep in mind that people might be more versed to resort to downloading pirated games then buying them. On the other hand, people can use their EI to sit on their asses and play video games all day lol.
tomorrow canadian markets open up again so we'll see what happens here. I'm thinking of buying oil etfs and playing them on a daily basis while watching nymex on the side in order to guage their market preformance. As the US dollar continues to descent oil futures are going up.
Anyways, i should look towards a long term investment soon. I don't think we're going to get many more huge dips.
Aug-04-2009 04:10
nchs09
Traceaddict in training
Registered: Sep 2003
Location: Inside your mum
unemployment figures come out friday... which i imagine will still be high.
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quote:
Originally posted by Halcyon+On+On
OOKA-OOKA ME NACHOS ME PRESS KEYS ON COMPUTER GOOD
Aug-04-2009 04:14
Arbiter
Naked Power Organ
Registered: May 2002
Location:
As a contrarian, I've actually been getting a little nervous at the increased optimism I have been noticing the last few weeks. I might get out soon and wait for the next little rought spot to get back in, because you gotta know there's going to be one sooner or later during this recovery.
Aug-04-2009 04:17
Lira
Ancient BassAddict
Registered: Nov 2001
Location: Brasilia, Brazil
We're doing fine down here, I don't know what you're talking about
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Indiana Clones Upcoming Sets
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Aug-04-2009 04:18
fbgdavidson
Supreme tranceaddict
Registered: Apr 2004
Location: New York, NY
For the first time in a while I'm feeling smug about my plays! At the end of March there was a nice dip after the DJI recovered from the sub 7000 range.
I put a nice sum in a fund that tracks performance of the Dow (yeah I'm too lazy to read up annual reports and crack fundamentals of every company ) and I'm up 45%. Pretty good for a lazy investor
Makes up for the fact the rest, and vast majority of my portfolio is still in double digits of redness...
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quote:
Originally posted by Brizzo
"It's all gone Pete Tong" is actually a phrase in Europe, England I believe. Pretty sure that's where Pete Tong got his DJ name from as well.
i also wish the economy recovery wouldn't be so quick, i need to take advantage of these low interest rate periods (and house prices) sometime before february. if rates and prices increases much between now and then i'll be seriously displeased!
) and I'm up 45%. Pretty good for a lazy investor 
