worst day ever in stock markets

Discussion in 'General Chat' started by chunnumunnu, Oct 24, 2008.

  1. #1
    hello guys today i m very sad . i had loose around 1000$ ( around 50000 rs ) in share market. i purchased many shares that already falled by 10% but they fall further. All markets of the world face free fall.

    Any suggestion what;s going on in US market and what is the position of financial crysis in US markets. this will really help me to take decisions
     
    chunnumunnu, Oct 24, 2008 IP
  2. gauravgrt

    gauravgrt Peon

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    #2
    wait and watch is my strategy at the moment, i am also in deep deep cuts.
     
    gauravgrt, Oct 24, 2008 IP
  3. Ponynugget

    Ponynugget Peon

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    #3
    I honestly don't think it's safe purchasing ANY shares at the moment. A lot of people, thinking that the worst had already hit, went ahead and took advantage of the cheap share prices and bought a tonne of them. No doubt they're reeling with regret at the moment.

    Sorry to hear about your loss - just try and be grateful that you hadn't spent more!
     
    Ponynugget, Oct 24, 2008 IP
  4. RightMan

    RightMan Notable Member

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    #4
    It has been the worst day for Indian markets and for all the financial markets world over...... :mad:

    This day will remain in my memory for a long long time to come....I am going to have today's intraday chart framed in a show piece and hang it on my office wall....to remind me of how brutal, rampaging bears can be....:eek:

    Regards,

    RightMan
     
    RightMan, Oct 24, 2008 IP
  5. sudarshanwagh

    sudarshanwagh Peon

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    #5
    Wait & watch.
     
    sudarshanwagh, Oct 24, 2008 IP
  6. chunnumunnu

    chunnumunnu Active Member

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    #6
    Bear really cracked my ass. Today i invested 10000$ and loose 1000 $ and expecting to loose 1000$ on monday too. [​IMG]US futures stocks may fall to lower circuit today. [​IMG]
     
    chunnumunnu, Oct 24, 2008 IP
  7. RadioBounce

    RadioBounce Banned

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    #7
    The World Is Coming To And End All Markets Are Being Hit Like Dominos! Duck And Cover Right Now And Don't Buy Stinkin Shares...the 4th Richest Person On The Globe Lost $28bil!!
     
    RadioBounce, Oct 24, 2008 IP
  8. shabbirbhimani

    shabbirbhimani Well-Known Member

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    #8
    I guess this is the best strategy to trade and whenever you think of trade first should see something like this
     
    shabbirbhimani, Oct 24, 2008 IP
  9. sachin410

    sachin410 Illustrious Member

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    #9
    I lost around Rs 6000 ($120) today....:D.

    Fortunately, I had taken small positions (compared to my usually trading lot size)....otherwise I would be crying by now...:D..:D..:D.

    Moral of the story: avoid big positions in volatile markets.

    There is massive deleveraging happening in the financial markets...no one can say when this will stop.

    The markets may have much more downside...even from current levels.
     
    sachin410, Oct 24, 2008 IP
  10. Marry Parker

    Marry Parker Well-Known Member

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    #10
    i think right now its better to stay away from investing any money in stocks. Us is having worst economic downfall ever. Must wait for everything to settle down a bit.:)
     
    Marry Parker, Oct 24, 2008 IP
  11. chunnumunnu

    chunnumunnu Active Member

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    #11
    $28 billions [​IMG]
    are you kidding.
     
    chunnumunnu, Oct 24, 2008 IP
  12. musichangout.com

    musichangout.com Well-Known Member

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    #12
    Don;t worry mate, your share will rise soon i mean in a week and then sell them for good price.
     
    musichangout.com, Oct 24, 2008 IP
  13. nutty professor

    nutty professor Banned

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    #13
    oh we can more tumblings in days to come
     
    nutty professor, Oct 24, 2008 IP
  14. cool_78

    cool_78 Guest

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    #14
    Stay in the sidelines at the moment, there is no clear bottom yet and it's just too volatile to enter the markets right now.
     
    cool_78, Oct 24, 2008 IP
  15. dojever

    dojever Peon

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    #15
    dow now is - 392
     
    dojever, Oct 24, 2008 IP
  16. spiky1471

    spiky1471 Peon

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    #16
    meh hold onto them few years they go back up and boom $$$$

    im still holding out - was ganna uy but i predicted more falls and thats what happened ;)

    DONT SELL hold onto them
     
    spiky1471, Oct 24, 2008 IP
  17. Nick_Mayhem

    Nick_Mayhem Notable Member

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    #17
    I have already lost a lot in investments :(

    But as I haven't taken this money from someone I will stick with my investments and only sell it when time is right.
     
    Nick_Mayhem, Oct 24, 2008 IP
  18. lycos

    lycos Well-Known Member

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    #18
    The current situation looks really bad. I've thought of entering the market but luckily held back my decision. At the moment, it doesn't look like reaching the bottom.
     
    lycos, Oct 24, 2008 IP
  19. justinlorder

    justinlorder Peon

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    #19
    sorry to hear that. But it seems it(finance crisis) is the beginning of the worst time.
     
    justinlorder, Oct 24, 2008 IP