SPDR S&P 500 (SPY)

[learningboutinv]

I hear you foot. Thanks for the advice. I only threw in like 400 shares. Not a big deal. Looks like a good amt. of support between 6-7 range. I'm hoping for a $1-2 pop then I'm out. If not getting out at $6.25.

I was telling omandan that I just can't believe all the people crying on the yahoo trid msg board. They backed the truck up at $13-14 and 1 guy said he has to now declare bankruptcy cause he took 70K out in Credit cards. That's just plain crazy. I would never throw down $100K on 1 stock. What happened to diversification? Oil hear, gold there, investment properties, foreign funds, CDs, some emergency cash and some play money in the U.S. markets? Is diversification dead or are people just plain stupid? I'm not sure if I feel sorry for them losing that much money or just sorry because of their lack of intelligence and that they can't help themselves.