Big-Name Stocks Cheaper Than During 2008-09 Crisis

[mustangguy289]

Why is IR such a big name stock lately?

[347Mike]

Why is IR such a big name stock lately?

Cause Warren Buffett owns it, duh!

[mustangguy289]

Cause Warren Buffett owns it, duh!

Sarcasm? I have seen y'all talk about it in every investment/market thread.

[347Mike]

Sarcasm? I have seen y'all talk about it in every investment/market thread.

No? Maybe?

BJ pointed it out and I thought it was a good buy, so I bought it. Not necessarily jumping on a band waggon, a good buy is a good buy.

I personally enjoy talking money or stocks, just like others with cars and football. So for that reason it may come up often.

[mustangguy289]

I guess I am curious as to why it is such a good buy? Did the government or somebody make a contract for future purchases from this company or something?

[347Mike]

I guess I am curious as to why it is such a good buy? Did the government or somebody make a contract for future purchases from this company or something?

Ever hear the term buy low sell high? That is one reason, it is at very low levels but then again as are most of the other companies out there. I am sure BJ can fill you in the rest.

On a side note GR has been donkey punching the shit out of the market this week.

[mustangguy289]

Ever hear the term buy low sell high? That is one reason, it is at very low levels but then again as are most of the other companies out there. I am sure BJ can fill you in the rest.

On a side note GR has been donkey punching the shit out of the market this week.

Yes, I am asking what is the motivation that is making people think it will get high again.

[slow99]

Oh boy.

[03mustangdude]

bank of america is hitting all time lows every minute having to turn off pop up notifier on that thing.

[Geor!]

This has to be the biggest sell off since 2008?

[347Mike]

bank of america is hitting all time lows every minute having to turn off pop up notifier on that thing.

Umm...

BofA almost hit $2.XX during the 08/09 crash.

[Broncojohnny]

For IR? Yeah, we had some support at 31.8X but we blew pass that like nothing. I am sure it will be in the $28 range in no time, and I will be ready.

I have been flipping TYP in the meantime...

No, I meant the bottom of the S&P which is around 1115-1120. I don't see IR touching its recent bottom in the low $27s unless the broader market really sells off to new lows.

The S&P had some pretty big support today at the bottom. The next week or two is going to be interesting. This is nothing but a crisis of confidence and it will probably result in us going into a recession but that is a nice change, it will be a good time to buy some shares to hold long term.

[347Mike]

No, I meant the bottom of the S&P which is around 1115-1120. I don't see IR touching its recent bottom in the low $27s unless the broader market really sells off to new lows.

The S&P had some pretty big support today at the bottom. The next week or two is going to be interesting. This is nothing but a crisis of confidence and it will probably result in us going into a recession but that is a nice change, it will be a good time to buy some shares to hold long term.

I am hoping for another bloodshed day but seeing how the percentages dropped towards closing leads me to believe people are buying back in. I am keeping my fingers crossed for another red day tomorrow as I am holding TYP over night...

[Broncojohnny]

I am hoping for another bloodshed day but seeing how the percentages dropped towards closing leads me to believe people are buying back in. I am keeping my fingers crossed for another red day tomorrow as I am holding TYP over night...

All of this is based on plain old fear so anything is possible. I was fully expecting it to just fall off of a cliff this afternoon.

[347Mike]

All of this is based on plain old fear so anything is possible. I was fully expecting it to just fall off of a cliff this afternoon.

Question:

In order to day trade, the minimum amount is 25k, right? Is that all that is required to day trade or do you need to make changes to your account? In other words, if I have 25k in my account right now can I go out and start buying and selling as my heart desires?