Fear and Greed

[dog]

The down market as of late has been a nice buying window.

What are people loading up on?

For better or worse, I'm still playing the coming tech rally game. Grabbed more MSFT and YHOO. And both shot up after buying them on the low swing.

[xboilermaker]

Just stuck my fist into techland for some MOT, hoping not to pull back a nub like I did with CSCO. I hate to be pessimistic and piont out Cramers boo boo's, but I hope not many followed his beckonning into the RUTH shearing stall. Maybe the problem has to do with the Katrina zone.

[deepinwonder]

I got a casino stock, WYNN, but only picked up a partial load, because I wasn't sure how much farther down it was going to go. I am not fearful, just very hesitant right now and I'm letting analysts get in my head and spook me. I am so mad at myself for doing that!!

[xboilermaker]

You didn't mention elation, Dog. That is an emotion not experienced too often when you get older, and one I haven't felt until now about winning big, and probably won't again, at least I haven't in my three years of investing. Cashed in my 500 CBI at 31.00, my wallet up just under $2,500 since Monday morning on that one. Somehow I feel sort of empty now, knowing this almost certainly will never happen again. Thanks for putting up with my ranting.

[HomeDepotTom]

I work for Home Depot and have gone 100% into stock in my 401k...

Shop the orange box....

[deepinwonder]

Home Depot is good, just a little concerned about all those stores that shut down due to the storm. The damage will be insured, I'm sure, but how long will it take to get them back up and running is my question.

Hey, XB, just keep telling yourself you can do it again on other stocks and you will!!

[xboilermaker]

Thanks, I'll try that. Come on CRXL, I know you can. I still believe in Vivian Lewis because of her model portfolio in strategy lab, and think this is the most likely candidate. Really starting to redeem itself, unlike my nemesis, SHLD.

[helk]

HomeDepotTom:

I'm a big fan of HD as well. I think it is an excellent long-term play (1 - 2 years). BUT, are you putting 100% of your 401K into HD stock?? Maybe I misunderstood your post, but isn't that a bit dangerous? If you're playing with discretionary money, go for it, but I'd be a bit more careful with a 401K. Too many people lost their retirement by putting all their eggs in one basket.

[optimus25]

Waiting for COH, ZQK, and URBN.

[HomeDepotTom]

HomeDepotTom:

I'm a big fan of HD as well. I think it is an excellent long-term play (1 - 2 years). BUT, are you putting 100% of your 401K into HD stock?? Maybe I misunderstood your post, but isn't that a bit dangerous? If you're playing with discretionary money, go for it, but I'd be a bit more careful with a 401K. Too many people lost their retirement by putting all their eggs in one basket.


Im 25. This is 5% of my income that i can risk...

[HomeDepotTom]

Home Depot is good, just a little concerned about all those stores that shut down due to the storm. The damage will be insured, I'm sure, but how long will it take to get them back up and running is my question.


Ok, But im reserving an "I told you so!" for anyone on here when they do open again and the lines are out the door..

I dont know how true it is but i did hear today at work that we're going to open 4 new stores in the area. Rebuilding there is going to be long term, years! New homes, schools, and office buildings. Thats ALOT of cement, lumber, and screws.

[xboilermaker]

I wouldn't rely too heavily on Home Depots cement sales. Sacks of cement are for weekend projects, that is, unless things have changed since I was home in July. I know that here, you don't call HD to order a hundred yards of redi-mix to be delivered this afternoon. Don't mean to be a naysayer, and hope you have luck, but if HD never sold another bag of cement, the difference in bottom line would be imperceptable. (imho)

[HomeDepotTom]

I know that here, you don't call HD to order a hundred yards of redi-mix to be delivered this afternoon.

Not only could we do it. but we have the buying power to get you the best price.

[Industrial Rodent]

Just posted the other day that HAL got the contracts for repairing the Naval Bases around the gulf.

Here is the URL and the article

http://chron.com/cs/CDA/ssistory.mpl/business/3335685

[helk]

Im 25. This is 5% of my income that i can risk...

That's great...go for it! I like HD stock right now, so I think your gamble may pay off. Just don't forget to cash in or move to other positions after decent gains. Very few stocks reamin high forever so there will be a time to move on (probably in 2 plus years). I've heard too many stories of people holding stocks after big gains, watching the gains dissapear and ultimately ending up in the hole because they refused to sell after big gains. As Jim says 'pigs get slaughtered'. So, be greedy, but not too greedy! Good luck to you.[/quote]

[xboilermaker]

I apologize for the cement remark HD Tom, didn't realize they did that and have revealed my ignorance. Hang in there, and good luck. :oops: