colterphoto1 Posted August 17, 2007 Share Posted August 17, 2007 Market up 300 points at the open today Hope everyone bought their corn! [] Thank goodness for that! Quote Link to comment Share on other sites More sharing options...
colterphoto1 Posted August 17, 2007 Share Posted August 17, 2007 . Quote Link to comment Share on other sites More sharing options...
fini Posted August 17, 2007 Share Posted August 17, 2007 Thanks for the tips, guys! Yesterday I ran oyt and bought Del Monte Foods. It was a can o' corn! Quote Link to comment Share on other sites More sharing options...
mas Posted August 17, 2007 Share Posted August 17, 2007 The real irony is that using corn for fuel is just one more distraction on the road to a sane energy policy. Quote Link to comment Share on other sites More sharing options...
Coytee Posted August 17, 2007 Share Posted August 17, 2007 Thanks for the tips, guys! Yesterday I ran oyt and bought Del Monte Foods. It was a can o' corn! Thank God Fini... I thought you would have gone out & bought some Jiffy pop and simply scorched it Quote Link to comment Share on other sites More sharing options...
oldbuckster Posted August 17, 2007 Share Posted August 17, 2007 Lowering the interest rate is not smart in the long run, but it sure got the market back up...................today, that is..... Quote Link to comment Share on other sites More sharing options...
Klipsched with Yamahas Posted August 17, 2007 Share Posted August 17, 2007 OB, you're right, a QUICK FIX, that surely won't benefit the dollar in the long run, but the FED isn't concerned about dollar devaluation right now. BE LEARY and cautious. Personally, I buy generic corn.....less risk![] Quote Link to comment Share on other sites More sharing options...
Audio Flynn Posted August 17, 2007 Share Posted August 17, 2007 Rather than say, HECK...how good is that, I can now buy it at $30 and I almost bought it at $35, they sit back and wait...many times clearly stating they want to "see if it goes back up" before they buy it. ========== Amusing and probably so true! Isn't this the main reason most small investors are consistently fleeced in the Stock Market, which is run by professionals who DO know qwhen to buy and sell? If you have a busy carreer and family I see little time for proper stock market research. Best advice. 1. Funds with track record 2. Diversify 3. Save more than you think you need to. I save 18% of my annual salary per year. My company stock made 23% average over the past 3 years and I still will only own their stock as 7% of my portfolio. I work for them but have no clue as to when the stock in Brussells stock exchange will make a negative correction. Quote Link to comment Share on other sites More sharing options...
oldtimer Posted August 17, 2007 Share Posted August 17, 2007 Fresh corn is cheap this time of year, 2 ears for .88 at Kroger, should go cheaper in a couple of weeks. Quote Link to comment Share on other sites More sharing options...
mas Posted August 17, 2007 Share Posted August 17, 2007 Fresh corn is cheap this time of year, 2 ears for .88 at Kroger, should go cheaper in a couple of weeks. Shop around! A few miles south in Colleyville we have been getting it for 5/$1.00 (20 cents) for some time. ;-) Quote Link to comment Share on other sites More sharing options...
pauln Posted August 17, 2007 Share Posted August 17, 2007 Guys... The can of corn analogy is to just try to make an illustration. Don't build it into a bigger mystery than it is. It might not apply to your logic pattern and if not, you might not necessarily agree with it. I've personally dealt with MANY people over the years who DO follow the logic of it. Example...(and this is based on true stories) Joe Blow is looking at buying (enter SPECIFIC stock or mutual fund) and it is trading for $35/share Market pulls back 300 points that day and the stock/fund has fallen to say $30 (funds are determined at end of day so stocks are easier to use for illustration). I can not tell you HOW many times over the years I've had someone who was ALREADY wanting to purchase "X" at $35 decide to "wait & see" because it fell to $30. Rather than say, HECK...how good is that, I can now buy it at $30 and I almost bought it at $35, they sit back and wait...many times clearly stating they want to "see if it goes back up" before they buy it. Of course, if it goes back up again (let's say to $33) then they still missed most of "the sale" We all know stocks go up & down and there is no 'guarantee' that any specific item is going to go UP (or down for that matter) after its purchased. The very basic point the can of corn analogy is trying to point out is people will JUMP to buy something that is on sale yet if it is the very stock they are WANTING to buy going on sale, they will many times, pass on it. (disclaimer: not everyone, not every time, not every situation blah blah blah... I've just seen it happen enough to become fascenated by their thought process) There is no mystery to this at all. Without specific correct information most all of the world uses a simple formula to predict the future - the best predictor of future behavior is past behavior. This is the reason for keeping a list of the historical prices, charting them to see their direction, and performing moving averages and other analyses. Without additional information, when someone sees a price going down the simplest inference is that it will continue to fall; and that if it is going up it will continue to rise. This explains why folks will hold off buying a falling price and hold off selling a rising price. Stocks are balanced - you buy or sell Cans of corn are single ended - you just buy... when and if you eat it is irrelevant to the buying Now after the collapse of civilization when there becomes a trading market for cans of corn (and bullets, beer, gasoline, and women); that's different! Disclosure: I have 11 cans of corn. I see experts offering their opinions and predictions which they are obviously recommending you take; specific actions to buy and sell; but they always give you the fine print that states their input is for "information purposes only" and is "not financial advice to buy or sell" anything they push or denigrate... they sometimes explicitly state that past performance does not predict future performance. Example: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) who may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions. It is logically impossible to offer a recommendation to buy or sell (future prediction) and also claim that it is not a recommendation and is not based on past information. Quote Link to comment Share on other sites More sharing options...
pauln Posted August 17, 2007 Share Posted August 17, 2007 OB, you're right, a QUICK FIX, that surely won't benefit the dollar in the long run, but the FED isn't concerned about dollar devaluation right now. BE LEARY and cautious. Personally, I buy generic corn.....less risk![] There is risk in buying any corn... I went to buy dog food yesterday for my 14 year old pup at the local Randalls. It was closed because the heavy rains caused a roof collapse; one death, some injured. Quote Link to comment Share on other sites More sharing options...
oldtimer Posted August 17, 2007 Share Posted August 17, 2007 Fresh corn is cheap this time of year, 2 ears for .88 at Kroger, should go cheaper in a couple of weeks. Shop around! A few miles south in Colleyville we have been getting it for 5/$1.00 (20 cents) for some time. ;-) LOL Mas, like I'm going to drive all the way to Colleyville for a few more ears of corn, but yeah, I expect that price to get up here pretty soon. Pauln, it is only because of lawyers (and their clients) that those disclaimers are necessary. Imagine a world with no lawsuits over the plaintiff's own bad judgement, and a country without the complicated tax laws the US has, and there would be lots of lawyers and accountants looking for another line of work (maybe this time it would be productive work). Quote Link to comment Share on other sites More sharing options...
Moderators dtel Posted August 17, 2007 Moderators Share Posted August 17, 2007 With a title like that, I am surprised Fini never found this thread ! Quote Link to comment Share on other sites More sharing options...
fini Posted August 17, 2007 Share Posted August 17, 2007 With a title like that, I am surprised Fini never found this thread ! Oh, don't worry Elden, I found it! I thought pehaps this might have been about one of my favorite groups!!! Quote Link to comment Share on other sites More sharing options...
pauln Posted August 18, 2007 Share Posted August 18, 2007 It all depends on your point of view, don't it? Quote Link to comment Share on other sites More sharing options...
Jay Registrar Posted August 18, 2007 Share Posted August 18, 2007 "Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight." - Daniel Drew, 19th century speculator<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> Quote Link to comment Share on other sites More sharing options...
wuzzzer Posted August 18, 2007 Share Posted August 18, 2007 Right before the big drop I stuck 50% of my 401(k) in cash and divided the other 50% by putting 5% in each of 10 different fund families. As of close of business on Thursday I lost approximately 5% of my money. I didn't think that was too bad. Quote Link to comment Share on other sites More sharing options...
Me Loves Khorns Posted August 19, 2007 Author Share Posted August 19, 2007 My stocks are crawling back up. Should be fine in a few weeks. Have been investing in rather speculative nickel mines from Canada. Have had massive returns, but carries with it very high risk obviously. Paul Quote Link to comment Share on other sites More sharing options...
stringmun1 Posted August 25, 2007 Share Posted August 25, 2007 I didn't think we were supposed to talk about that sorta' stuff on here! Hal Quote Link to comment Share on other sites More sharing options...
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