Market Crash! Who bought what?

[Frieza_Prexus]

Picked up 25 shares of Apple at $104.12 a share. I've got an additional order to buy 25 more if the price hits $100.

It could go even lower, but Apple is a solid company with a proven record. I'm optimistic it'll realize a nice return in a few months or even years.

I'm also watching the overall market as I'm not a big fan of picking single stocks. So when I think it's bottomed out, I'll pick up some Vanguard index funds. The market will eventually come back up so I might as well get in while its cheaper.

[Desx]

You do know they were downgraded too right? their shares might not be going anywhere for awhile.

Not to mention, we don't know if things have even gotten bad. I'm surprised the market isn't below 10k

[Eomer]

Makes me wish I had some spare cash to invest right now for the mid term, but I don't. I've got a large stack of money in a 3% yield GIC, but I absolutely require that money just before the New Year, so I'd rather not risk it at all.

[Frieza_Prexus]

Yes, I saw the downgrade. That's one of the things that made it dip as low as it did.

I've followed Apple for several years and wanted to get in for a while. I've been waiting for a while and I view now as the best opportunity to do that. In my opinion they're a solid company, and I plan to hold the shares for a good long while.

That said, it was $2,600 which is about 15% of what I'll be investing in the next few weeks or months.

So who else bought stuff? Let's hear it.

[Hatorade]

I think I am done with the stock market for a while. I have done extremely well for being pretty dumb about the subject. Internet does all the work I just tell it what I want to do. Between that stupid article that caused the airline stock to fuck up and the current economy no more buying/selling for me.

[AladainAF]

Did a shift in my roth today.. picked up 20 GOOG @ 383, 500 AUY @ $8.67, 100 BKT @ $5.45

AUY has historically been good to me to play off and on. If you look at the historical chart, you can with decent confidence, know how its going to play out. Looks like it should be going up again soon if it trends like normal.

AUY: Summary for YAMANA GOLD INC - Yahoo! Finance

[Aetos]

market is so volatile i woke up every and couldnt be away from my charts fora minute. dont like living that way

[Ilum]

Originally Posted by Frieza_Prexus

Picked up 25 shares of Apple at $104.12 a share. I've got an additional order to buy 25 more if the price hits $100.

It could go even lower, but Apple is a solid company with a proven record. I'm optimistic it'll realize a nice return in a few months or even years.

I'm also watching the overall market as I'm not a big fan of picking single stocks. So when I think it's bottomed out, I'll pick up some Vanguard index funds. The market will eventually come back up so I might as well get in while its cheaper.

Maybe this will turn it around for Vanguard!

Anyway without the shits and giggles I curious as how this is going to affect the European stock market!

[prescient63]

Originally Posted by Ilum

Maybe this will turn it around for Vanguard!

Anyway without the shits and giggles I curious as how this is going to affect the European stock market!

What? They are going to open waaaayyyy the fuck down. They are having bank failures over there as well and without the bill to bolster investor confidence its just going to go to shit.

Edit: On point I'm picking up some sovereign debt. The yields look good and they aren't being priced correctly imo.

[kudos]

I love the people who keep buying Apple stock and Microsoft stock right now. It cracks me up.

[Frieza_Prexus]

Why would that be exactly?

I'm genuinely curious.

[Hatorade]

If I did want to buy any stocks right now it would be samsung. I will leave the smarter people to explain why.

[prescient63]

Originally Posted by kudos

I love the people who keep buying Apple stock and Microsoft stock right now. It cracks me up.

I don't see anything wrong w/ microsoft. They're rolling in cash, revenue is as stable as you could expect, they are buying back 40billion in stock. P/E is at an all time low. I'm not seeing the downside.

[Arbitrary]

My guess is that with a recession on the horizon companies that provide consumer goods aren't a good investment. How many people are going to continue to routinely buy new electronics when their old stuff still works, etc etc etc.

But I'm just guessing.

[Millie]

People are always gonna need computers, and businesses are always gonna need computers and enterprise applications -- regardless of the state of the economy. There will be a serious downswing in frivolous and entertainment-related computer purchases. But you can count on academic, business, and personal use patterns to continue almost indefinitely.

Given that Microsoft holds a de facto monopoly on operating systems, office software, and other applications, I think they're a pretty safe bet. Their fundamentals are also very sound. They're not breaking any ground right now, and Vista has been a mixed bag. But you don't buy Microsoft for growth; you buy Microsoft for value.