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Supplies Coordinator
Join Date: Oct 2004
Location: United States
Posts: 3,343
Thanks: 0
Thanked 11 Times in 8 Posts
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Are your investments imploding too?
Who else here is shedding portfolio value like it's going out of style? Share your story!
Suggested format 3 months ago value, Today's value. Primary holdings: Story. i.e. 3 Months ago: $12,400 Today's Value: $4,360 Primary Holdings: NVDA A few weeks ago I built myself a securities portfolio built out of a few tech stocks (banking on nVidia to outpace its rivals). I took up a large position (1:1 cash/margin) in it after reading positive reviews, checking their financials, and armed with a little industry knowledge . When the subprime problem started, I sold all my other positions and built a hedge (with remaining cash/margin) to prevent any losses from that block of stock. This worked for a while and I unwound the position (except my target, nVidia) to take profits while I waited for that last big chunk to edge up to my limit order. The subprime problem turned from a rumor to a fact, and the stock blew apart on all the news of slowdowns. ![]()
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Be sure to check out my blog because there's tons of useful resources there: Last edited by Mr. Bluesummers-3DT; 22-01-2008 at 02:04 PM.. |
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#2 |
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if you're horni
Join Date: Jan 2003
Location: Perth, Western Australia
Posts: 3,762
Thanks: 4
Thanked 3 Times in 3 Posts
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YYYEEEEAAAHHHH!!!!!!
Back up to $1.92 this week! For those who care; http://finance.google.com/finance?q=ASX:IMD I bought 35000 of these shares at 29c each back in Dec '05 (AU$10k and a little bit). I want to buy another property, so I planned to sell them after New Year '08. but.... How are yours doin' Guy? On the up & up? Hopefully that's the worst over with, and we can all start making money again. That was a scary few months. "When America sneezes, the world catches a cold."
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Every time I learn something new, it pushes some old stuff out of my brain. Like the time I took that home wine making course and forgot how to drive. ![]() ![]() Honki's helpful thread of uselessness.![]() ![]() ![]() something wrongI think Last edited by Honki; 04-04-2008 at 08:52 AM.. Reason: A bit silly. |
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