|22-01-2008, 01:56 PM||#1|
Join Date: Oct 2004
Location: United States
Thanked 11 Times in 8 Posts
Are your investments imploding too?
Who else here is shedding portfolio value like it's going out of style? Share your story!
3 months ago value,
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.
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..
|03-04-2008, 01:07 PM||#2|
if you're horni
Join Date: Jan 2003
Location: Perth, Western Australia
Thanked 3 Times in 3 Posts
Back up to $1.92 this week!
For those who care;
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."
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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