The above list is awesome. I should put that up on my wall!

It did make me think though. If I had an adviser myself and he wasn't keeping me updated, he wouldn't be my adviser for long.

 

Short sellers add to the volatility of the market and this is what the authorities want to avoid. First you borrow the stock and then you sell it forcing prices down and then when the market has fallen you buy it back and push the market up. On the way down you cause panic amongst other investors and they sell too exaggerating the fall. Of course this is what they would have you believe. But the market is one of supply and demand and if more people want to sell than buy then prices will drop, so the market should be left to its own devices in my view!
Andrew

 

For the original poster, you should never have bought the car if you planned to "make money" off it...

For you other smart investor types... Keep posting. This is very good info to have... I've been dumping money into my company with the understanding that it will ultimately be my nestegg, but I also have some investments... Not a baller like some, but I've got a few bucks squirelled away.

Mike

 

Mike, not sure what you did regarding VC money etc. However, if you have a significant position in your company and can find a company on the exchanges with similar characteristics to yours (assuming you are not listed already) then you might ask your adviser about single stock risk management. Basically, it allows you to keep your position with out selling it but if things go poorly for your industry you are somewhat protected as the other assets in the portfolio are overweighted to those investments that tend to go up when your industry goes down.

It seems that when many entrepreneurs here about this, they shrug it off because they are so convinced of their businesses impending success. In your case, I am sure it is true, but it is still something to consider and be aware that protection.insurance is out there.

Hope that's helpful

 

Some really good info in here. Thanks for the "schooling" on the FDIC.

 

Mike - I'm the original poster - I never planned to make money off the car, I'm not sure how you got that impression. I just used the car and it's expenses as a measuring stick for the market. In less volitile times, I'd look at the market and say to myself - I earned a set of tires today, or - I lost a techart bumper today - whatever. I started this thread on a day when I lost 40% of the entire car and thought I'd share that thought with the group. Now that I've lost damn near the cost of a new one, I'm changing my retirement plans.

 

Trust me, you have company in that boat... We've all taken a bath in this, one way or another... I pulled $100K out of an IRA and stuck it aside just to make sure we had money to back our payroll incase our bank went ***** up...

Of course, that was probably a good thing, since the market has done the hokey pokey, and I'll be putting it back within the 60 day timeframe so we don't get penalized, but when it gets bad enough that you can't count on the banks, you know it's bad!

Mike

 

I don't regard my 911s as "toys". If you remember the Porsche buyer demographics, I fit into the brand loyalty category, and drive them as my only car. Just bought a used 997, AWE-tweaked turbo.

I grew up in Connecticut and Vermont, am a so-called "son-of-the mayflower". So since about 1620, we have been those hard-nosed Yankees that save and don't risk personal money - even though I have raised over $50M in investor money for companies that I have owned, I never use my personal money for stock market investment or any other personal money risk. Although I certainly am a risk-oriented person. I put money into to savings long ago, and paid off my mortgage. Rather boring and stupid...

Cheers- Gerry

07GT3RS and 07 AWE TT

 

Just got a note from my bank that as of Oct. 3, 2008 FDIC insurance is up to $250,000 per account signee. Makes things easier...

Cheers, Oliver

 

Wow, a big drop again today... it will be a loooong battle.

 

have 6000 shares of copart had a sell order in at 47 two weeks ago it was almost there but now its $33.00 lost a cheap tt. but it's a great co. so i'm holden on .

 

5,000 shares for me....
Sold them and got enough for a nice lunch

 

Well...I disagree...

I work as a Mortgage Loan Officer for Bank Of America and althou the guidelines were somewhat tightened I will not go as far as saying that it is impossible to get financed. The media is making it seem like unless you have vanilla 800 FICO credit, 30% down and six figure income you can forget about owning.

Truth of the matter is, that subprime is gone, No Income No Money No Job mortgages are gone and should've been never allowed in the first place. Stated Income W2 loans are gone.

Almost 50% of the business right now is FHA and just recently I financed a guy with 547 credit, so as you can see it is far from impossible.

We're pretty much back to 1999 as far as guidelines with FHA working on "expanding" their guidelines.

I wish the media would STFU and finally try to put a positive spin on things because now people don't even try tto come in to get approved assuming they will not qualify.

Brokers on the other hand have their hands tied as most big players/banks in the market stopped wholesaling their products and those who do put a lot of restrictions on.

 

i want a tt for 35k if you guys find one i def want it!!!

 

Any of you guys use point & figure charting, and bullish percentage indexes for timing entry and exit points?

Less than 4% of S&P500 stocks in bullish trading pattern. Bullish % index severely oversold. When it reverses up, it will be time to buy - huge. Traditionally, buying stocks when an upward reversal occurs from below 30% has been very profitable. Correspondingly, sell or start raising cash when a downward reversal occurs from above 70% bullish (overbought). With such an oversold current condition, the returns could be very nice. Now where do I get some cash!