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Old 10-10-2008, 04:25 PM   #1
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Congatulations Everyone!

I look at my drawdown and I think that just the frequent posters on this board might well be down over $100,000,000 aggregate since the autumn 2007 highs.

Yet everyone is in good humor, no one has gone off on anybody, and as far as I know there have been no sudicides or murders.

Some of you are FP and finance professionals and are withstanding a lot of flak from disappointed and perhaps angry clients. You are still fun and easy going around here. I think this would be a good group for an end of the world party.

Saludos!

Ha
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Old 10-10-2008, 04:32 PM   #2
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I think this would be a good group for an end of the world party.
Another week like the last one and I'll send out the invitations...
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Old 10-10-2008, 04:35 PM   #3
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Sometimes humor is the best coping mechanism. Gallows humor as it may be.

Seriously though. I'm spending this week doing some *serious* security analysis on a number of blue chip stocks which I think have been way too brutally beaten down, stocks with dividends north of 5% and a LOT of cash to keep them safe, selling for 12 times earnings or less.

If I can come up with a good list of 10-15 individual stocks which are in diverse sectors, have solid balance sheets, have prodigious cash positions, are certainly not going out of business any time soon and are selling for crazy-cheap prices, I may be selling off some of my ETF holdings and go nibbling at individual bargains.

I haven't been much of an individual stock picker in recent years, but this is looking like a great time to become one.
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Old 10-10-2008, 04:37 PM   #4
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I could use a group hug right about now......
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Old 10-10-2008, 04:38 PM   #5
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Oh, and one more thing, again (sorry) serious. I think one of the reasons we've seen such lightness, civility, humor and sometimes even equanimity here is because of the isolation of the toxic subjects into the soap box.

Nothing turns a community against itself like a discussion of politics and religion.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 10-10-2008, 04:38 PM   #6
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I could use a group hug right about now......
Count me in, Chica.
ha
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Old 10-10-2008, 04:41 PM   #7
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ha
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Old 10-10-2008, 04:48 PM   #8
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II think this would be a good group for an end of the world party.

Saludos!

Ha
Sounds good to me Ha. Kinda like a hurricane party! I'll bring chips and beer

Here's our theme song:

Prince, 1999 - AOL Video
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Old 10-10-2008, 05:10 PM   #9
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Sounds good to me Ha. Kinda like a hurricane party! I'll bring chips and beer

Here's our theme song:

Prince, 1999 - AOL Video
Speaking of beer.........it's time for my medication.
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Old 10-10-2008, 05:13 PM   #10
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Let's get the party started....
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Old 10-10-2008, 05:42 PM   #11
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I am so glad I found this forum! It provides me with so much moral support during these hard times! Add me to the group hug...I need the love!

Cheers everyone!

P.S.: Anyone investing in BUD? With all that drinking, surely it has to be one of those stocks that's gonna do well in this environment!
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Old 10-10-2008, 06:00 PM   #12
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Sounds good to me Ha. Kinda like a hurricane party! I'll bring chips and beer

Here's our theme song:

Prince, 1999 - AOL Video
I was thinking more like this:



RIP Richard Wright...
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Old 10-10-2008, 06:17 PM   #13
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That guy in the pic is a pansy. My liter would have been empty.

This drop hasn't bothered me too much or at least at this point. I figure if I had a chance at getting out and avoiding loss I missed it by now. I also figure I have no control over what the market does each day. All and all there isn't much I can do.

Wish I had a lot more cash but so long as I am working I can keep buying and hopefully increase my real returns going forward. If I was a year or two from retirement and still heavy in equities I might be a bit less chipper.
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Old 10-10-2008, 06:39 PM   #14
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Salute!
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Old 10-10-2008, 07:17 PM   #15
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I am so glad I found this forum! It provides me with so much moral support during these hard times! Add me to the group hug...I need the love!

Cheers everyone!
Cheers, everyone! (Raising a glass of Pino Grigio) Thanks from this investing newb!
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Old 10-10-2008, 07:40 PM   #16
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I was thinking more like this:
Good one HFWR! Guess we are the two who would fight over the sound system at the party while the others are gathered around the computer deciding if they should to buy more or sell I would have to insist on some Hendrix though...
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Old 10-10-2008, 07:49 PM   #17
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I am so glad I found this forum! It provides me with so much moral support during these hard times! Add me to the group hug...I need the love!

Cheers everyone!

P.S.: Anyone investing in BUD? With all that drinking, surely it has to be one of those stocks that's gonna do well in this environment!
BUD? We're bringing Tequilla!
Speaking of BUD, the broker (JD Edwards) that handles the local investment club I belong to said we should sell our BUD. That suggestion didn't fly so well. Be aware that our club's moto is "Buy high, sell low". It is more of a social thing.

Cheers!

Free to Canoe and DW
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Old 10-10-2008, 07:49 PM   #18
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Sometimes humor is the best coping mechanism. Gallows humor as it may be.

Seriously though. I'm spending this week doing some *serious* security analysis on a number of blue chip stocks which I think have been way too brutally beaten down, stocks with dividends north of 5% and a LOT of cash to keep them safe, selling for 12 times earnings or less.

If I can come up with a good list of 10-15 individual stocks which are in diverse sectors, have solid balance sheets, have prodigious cash positions, are certainly not going out of business any time soon and are selling for crazy-cheap prices, I may be selling off some of my ETF holdings and go nibbling at individual bargains.

I haven't been much of an individual stock picker in recent years, but this is looking like a great time to become one.
Make sure you post the list - looks like a long winter for the Saints and Washington Huskies and I sure as heck am not going to jump ship for the Chiefs.

heh heh heh - Pat's have a good football team though. We gonna have food at the party? - I vote for shrimp and grits topped with badda bing - crumbled bacon of course. Just remember Pssst - Wellesley has an SEC yield of ballpark 4.93% so we can afford the good bacon not the cheap stuff.
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Cabaret
Old 10-10-2008, 07:50 PM   #19
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Cabaret

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Old 10-10-2008, 08:01 PM   #20
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Shrimp and Grits? Oh yeah. "Money" from Cabaret? Gotta be on the playlist.
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