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    IrishishHamilton Nolan
    11/04/13 12:50pm

    Just dumped a bunch of high-valued stock on Friday because I thought it would "correct."

    It's going higher. Rebuy at a loss? OR WAIT FOR THE FALL?!

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      TaternutsAnonIrishish
      11/04/13 12:58pm

      Do you have an idea of the intrinsic value of the stocks?

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      IrishishTaternutsAnon
      11/04/13 1:14pm

      nnnnnnno.

      It's a 3D printing company that manufactures medical devices. I bought into it because a buddy recommended it and sold it because that same buddy thought it would correct.

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    swedeandsourHamilton Nolan
    11/04/13 12:57pm

    Always remember your Keynes: the market can remain irrational longer than you can remain solvent. Don't try to gamble your way to short term riches.

    Just put your money in well-diversified mutual funds that are managed by companies like Fidelity, Vanguard etc and charge very low fees. It's SUPER boring, but in the long run you'll ever so slightly outperform the market... without having to pay some hedge fund jerk 2% and a 20% hurdle rate on your upside and risking a total loss on your downside.

    #notashill #notinfinance

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      lobstrHamilton Nolan
      11/04/13 1:08pm

      If American Airlines' stock being up 20% today is any indication of how fucked up and backwards and nonsensical the stock market is, then, I concur.

      Fuckin AA just filed for bankruptcy earlier this year, the stock was 30¢ a share over the summer, and now it's nearing $10.

      So, yeah, if you can make 30x your money on the stock of a bankrupt company, somethin's up.

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        S_T_Rlobstr
        11/04/13 2:23pm

        The issue with AMR is that it was oversold. Even in bankruptcy, a company has assets worth something. Their aircraft are worth 20 times the $3 billion market cap of the plane's owners. Also, AMR actually turned in a profit last quarter (unlike, say, Twitter).

        So...AMR is not proof of a bubble. In fact, it will probably go a bit higher. On the other hand, stay away from the aforementioned Twitter IPO.

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      ObliteratiHamilton Nolan
      11/04/13 12:40pm

      Go ahead Wall St, make my day.

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        Johnny ChundersHamilton Nolan
        11/04/13 12:33pm

        So is this piece telling me to stash all my money in a mayonnaise jar and curl up around it for the next 18 months? Or should I give everything I have to the next college-age dweeb with a vague idea for a website that does stuff (or not, whatever).

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          JohnMcClanesSmirkHamilton Nolan
          11/04/13 1:17pm

          Why wouldn't Wall Street indulge in a solipsistic orgy of overhyped economic vaporware? After the fall, when our economy loses a third of its value the Fed will simply pump them with Trillions in interest-free, equally vaporous cash loans to cover any loses.

          It's a win-win. They would be stupid NOT to hype it.

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            psychomagnetHamilton Nolan
            11/04/13 12:50pm

            That's a good photo of what HamNo did this summer. The eye-patch is a little over-the-top however.

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