The DOW drops 25%.
Teredyne is still up 11% from when I purchased its stock (3.12), 10AM (3.13) it drops to a total of 8% gain as the stock drops 2.5% and I "lose" 50 bucks right there. I still haven't sold Google, I'm hovering with my choices - I could put it all in Teredyn, but as it is now also dropping.....
I recognize the feeling many stockholders must be having now: "I've got to do something! anything is better than just sitting here, watching my stocks shrink" So either one sells out stocks or one buys stocks that one thinks are overrated so on the long run you make out....
maybe Thom's strategy for buying a few shares in many companies and pigging out at their annual meetings is actually the one where you get the most bang for your buck! At least your having fun, getting drunk, hobnobbing with other stockholders, getting (wacky, or not so wacky) tips, traveling, learning about companies and marketing to investors (and I could bring home pens, pencils, pads, water bottles, all with logos to my kids... i wonder what the newest freebie fad is?
I would go intervnational, although they seem to be responding strongly to the Amenrican markets. My best plan is to get together with a bunch of people in t he class and buy real estate.Even though I think that homes will continue to drop in value for a bit , it would still be advantageous: a rental building.
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