InvestorsHub Logo
Followers 2
Posts 402
Boards Moderated 0
Alias Born 10/09/2006

Re: teraflop post# 14

Thursday, 11/30/2006 6:58:00 PM

Thursday, November 30, 2006 6:58:00 PM

Post# of 32
Another painful day for NMX, today. Ugh.

I see where you are going with those correlations, and like you say, they do seem to be temporary. On the InvestorsHub MRVL board, the moderator is this guy Syndicate Two, who says that the NASDAQ and the QQQQ are going to rise over the next next year. S2 is a fairly knowledgeable investor/economist (I think), although, well, he's where I got that "cheerleading" thing from.

Now, you were talking about index stock prices and not composite index prices. But, if the NAS gains another couple hundred points over the next six months, and NMX still loosely follows NDAQ, well, maybe NMX will go up, too?

I'm grabbing at straws here, because the temptation to sell here is pretty great. I could take my losses and buy, well, I really don't even know, at this point. If I had been a real risk taker, I would have sold all of my NMX positions, and bought NYX this morning. I'd be up almost $5/share, although proportionately, I'd still be down a whole lot. Still, I think NYX was just making up for a couple of bad days, so it probably won't continue.

I've just never been so disappointed with a stock in my life. After all the hype and the IPO being branded the best IPO of the year and all that, man, this is pretty harsh!