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IBDvalueinvestin (99.66)

My Dad told me add to holdings in stocks on today's selloff

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September 01, 2009 – Comments (12)

The selloff is so well orchestrated by the big boys buying airtime on TV to scare everyone weeks ahead of Sept. Why? Its simple the big boys come back from vacation in the 2nd week of Sept. and they want to be able to purchase stocks at a lower valuation. How they do it is easy they remind everyone weeks ahead to sell in Sept with TV airtime by saying "Sept. is a lousy month historically". Thing is this not your every mill of the year Sept.. Its coming off the worst Recession I have ever seen and I was born in 1932.

12 Comments – Post Your Own

#1) On September 01, 2009 at 1:09 PM, IBDvalueinvestin (99.66) wrote:

Wall Street Journal : IMF sees 2010 global growth around 3%; Global growth estimate higher than IMF projected in July 

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#2) On September 01, 2009 at 1:19 PM, davejh23 (< 20) wrote:

"Thing is this not your every mill of the year Sept.. Its coming off the worst Recession I have ever seen..."

And it's following a huge run-up in the stock market.  The fact that we may be coming out of a recession doesn't seem all that important. 

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#3) On September 01, 2009 at 1:19 PM, brickcityman (< 20) wrote:

You are trying mightily ... I'll give you that...

 

Think of it this way... at least you are blessed with good genes...  if you were born in 1932, then that must make your Dad in his 90s...  

 

I'm not against taking stock tips from people many years my senior...  What sectors does your Dad recommend?  

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#4) On September 01, 2009 at 1:21 PM, davejh23 (< 20) wrote:

Is your dad 100 years old, or has he passed and he came back to tell you to buy?

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#5) On September 01, 2009 at 1:24 PM, IBDvalueinvestin (99.66) wrote:

Guys my dad was born in 1932 ,

I was repeating what he said.

By the way I in my 40's 

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#6) On September 01, 2009 at 1:30 PM, IBDvalueinvestin (99.66) wrote:

BrickCityman:

There are still plenty of stocks that have really great fundamentals and with even better fundamentals going forward.

To name two : COH & BBD

 

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#7) On September 01, 2009 at 1:34 PM, brickcityman (< 20) wrote:

Ahh it all makes sense now...

 

Of course he wants you to buy... without you, and me, and most other people on this site buying his investments are going to die on the vine...  (assuming of course he hasn't been buying and holding for decades).

 

Tell the truth, did he get caught dabbling the market  beyond the age of retirement?

 

And again, what is he recommending?  So long as you come on here and just say "Buy" you are providing about as much value as Cramer's nightly cheerleading sessions...  All hype and little context/information.

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#8) On September 01, 2009 at 1:39 PM, brickcityman (< 20) wrote:

COH?  Are you kidding me?  A luxury brand retailer whose products can be knocked off in China easier than dissident blogger?  I know some luxury brands somehow manage to stay relevant for long periods of time, but I would not be caught playing in this space

 

As for BBD, I can't comment since I know little about them.  A quick look at their quote on my brokers page doesn't show me anything earthshattering, though.

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#9) On September 01, 2009 at 1:43 PM, IBDvalueinvestin (99.66) wrote:

BBD - Bradesco's Chief Executive Luiz Carlos Trabuco Cappi said he wouldn't be surprised if the bank's credit portfolio grew between 20 and 25 percent in 2010 as expansion in Brazil's economy quickens next year. (Reporting by Elzio Barreto and Aluisio Alves, editing by Gerald E. McCormick)

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#10) On September 01, 2009 at 1:48 PM, IBDvalueinvestin (99.66) wrote:

Brickcityman don't know about your wife liking Chinese knockoff Coach bags? But my wife wouldn't be caught dead without her genuine COACH bag.

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#11) On September 01, 2009 at 1:59 PM, brickcityman (< 20) wrote:

Well I wish you luck affording her now and in the future...  My wife tends to laugh at women who feel they need status symbols like that in order to be happy.  Surely she is not above lusting after some fashion oriented things, but generally speaking she seems to think that most often consipicous consumption is a sign of spousal or marital compensation. 

 

Anyways...

 

On a more serious note, is your wife like so many other women who only discovered Coach in the last say 5 years?  You feel comfortable that her tastes are static enough to warrant holding COH for another 5 years?

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#12) On September 01, 2009 at 1:59 PM, goldminingXpert (29.55) wrote:

You're buying stocks because the FRICKIN IMF predicts economic growth? I'd have better odds of single-handedly building a structurally sound full-size replica of the Golden Gate Bridge than the IMF has of correctly predicting economic events.

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