EBAY SALE thru JULY 15:
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Meh, won't work on eBay motors.

Not that I have anymore driveway/garage space after a special delivery tomorrow.

You find a mustang finally??

Yup! :rawk:

'70 M Code Mach 1, but it's carrying a Windsor with a 3-spd manual on the floor.

Yeah people buy some shit...My ebay stock has been in the toilet the last couple of days......

That's getting to be a heavyish car for a stock windsor... not slow, but not scary neither. Has it been built up, or is it still pretty tame?

The car won't be delivered until next Wednesday :( but I'm still psyched.

The Windsor should be okay--the exhaust has been upgraded--headers and an X-pipe, and it's got a 4bbl (probably from the orginal Cleveland). The cam is probably stock, but at the price I got I can't complain. I don't think the '70's were much different from the '69's as far as chassis/weight goes. The '71-'73 saw the big change. I was really looking for a platform to build over time, and I hope this is it. If it's not, I should be able to spin it for more than I paid here in this area, so it's not too risky a venture.

did the same for me. sold once i had an 8% loss. will buy back after it bottoms-out (whenever that'll be).

I would do that, but I'd take to much of a loss right now...It was going good..so I decided to buy like 60 shares..Going good for 2 more days and WHAM...Shit started to sink like a rock...Now I just have to ride it out to try and break even....I should have spent the money on Google...

Hate to break it to you, but your money's already lost. You now have an asset that is worth some amount of money. Your decision is to keep the asset as EBAY (your bet being that EBAY will appreciate faster than any other comparable risky investment) or sell it and buy something that you think will appreciate faster. Holding a stock because it is underwater and you want to break even really doesn't make much sense at all.

He's right, you know. Now that it's down is the time to buy. Think of it as being "on sale".

So then should I just keep it and ride it out or buy more ???I figure I put in a certain amount for the year and then see what it did for me as compared to ING or something safe like that..

Well, if you can't afford to lose any more, then don't put any more in.

But it's the classic mistake -- people see a stock start to drop, and that's when they pull out.

actually it's the classic way to save money. if a stock hits a loss of 7-8%, then you sell, because it's obviously on a downward trend. then, when the trend has stopped and a new upward trend is noticable, then you buy it back (if you still like it). typically you can buy back in at a lower price, and might be out "commission - stock price difference". Not that they're correct, but a chorus of financial experts recommend protective stops on all stocks in this manner, and i agree.

Damn, and I just bought some CDs from eBay. Oh well...

me too. i bought 2 and then found this sale on slickdeals.net .

Thanks..Some good points...I'm just gonna ride it for now...But I will keep the 7-8% rule in my back pocket for in the future...

Back to the sale -- who pays for the sale, the seller? eBay? PayPal?