Alright, I've got most of my money in TTWO and QQQQ.  I'm down for the first time this year, but I've got confidence that both of those stocks will come back.  The Q will recover if I wait it out, and TTWO is sitting on $2-$3 cash per share, no debt, and a good product pipeline for the next year or so.  They are beaten up right now because the ERTS/TTWO buyout fell through, but their fundamentals are good, much better than they were before the buyout offer, and they're still "in negotiations" with other parties for what sounds like merger/buyout talks.  Whatever the case, I've got no problem going long in either TTWO or QQQQ. 

However, although I'm capable of "going long" or waiting a month, or a few months, for things to recover, that's not really my preferred way of doing business.   I'm thinking of moving a few of my holdings around and investing in other stocks.  --I'm open to suggestions.  I'll do the research myself of course, but I was wondering if there are any stocks that the the TK community sees as an absolute bargain at current prices?  I still think TTWO's low earnings multiple and cash on hand makes them a bargin, so I might hold them.  They just need to prove that they aren't a one-trick pony.  --But what else is out there?  AAPL is tempting at sub $130 prices, although I wouldn't be surprised to see it hit $110ish.  If you've got the money and believe that we've nearly reached the bottom, the market is one sale right now. 

So, do ya'll think this week is "the bottom"?  And if so, where are the best deals? 

Even though they guided down, I figure AAPL will be one of the leaders when the market heads back up.  I'm debating investing in AAPL.  As for RIMM, I think they're toast for a while.  I've been stunned by how many people I see carrying iphones.  Co-workers, students, etc.  Apple's effect on the cell phone market has been a lot bigger than I'd imagined, and if they recover a little, buying puts on Nokia, Rimm, etc wouldn't be such a bad idea. 

I think we are within a couple of weeks of the bottom if not at it now. That being said, I think your QQQQ is definitely a hold for the next 6 to 8 months. I like CNI, not very glamorous, but solid IMHO.

You say you are a fundamental kind of person, so I have to ask why are you ignoring the fundamentals? Or are you believing all the misinformation? I am fundamentals first. So step back to when I started investing. March 31 2007. SPY at P/E of 17 and Price $140 now we have a P/E of over 21 price $120. Earnings have dropped over 27%. 27% of $140= $104. Support levels for the SPY are 117, 108, 98, could keep going down to 725 my bottom prediction. That is an optomistic prediction, belive it or not. The fact that the SPY and others not all. Are being held up artificaily means when or if they fall it will be more painful than you can imagine. Remember they just pulled out the shorts the circuit breaker that prevents big falls.

I pulled 25k out of Trade King today they changed the rules Friday, Monday and Tuesday on selling shorting and buying stocks. How can I play if I do not know the rules? I have 5K left to play with, but I am scared to death of what happens next.

AIG went under 200 billion evaporated!!!!!! That is enough money to give everyone in the world a cheeseburger for 3 days. Or everyone in our country a cheeseburger for almost two years. Not to mention FNM, FRE,BSC,WM,LEH,LEND,CFC,WM,NEWC and on and on. Do you have to be hit over the head with a baseball bat. WHAT FUNDAMENTALS are you looking at? The real ones or the ones you are being told. Sorry to be harsh, but not really. I do not get why people who have read these posts put up by several people still do not get it. Their is only one way the stock market can go. Remember in a bear market the bounce up is usually around 10% do not be fooled. RIMM will take the Q's down. HPQ who is making record earnings laid off 9,300. Sell the bounce if their is one. My quess is we may get a head fake down after the deal by congress only to be followed by a rate cut for banks maybe a full point then a huge rally. SELL INTO IT. EVERY RATE CUT SO FAR has not helped!!!!!!!!!!!!. That only means we are going lower.

GOOD luck trading. Congress and Paulson and BEN and the FDIC sweeping this stuff under the rug mentality is going to kill us in the long run. You already saw some ants and maggots come out from under the rug. Wait untill the Cockroaches start flying then you will know the bottom is in. WHEN EVERYONE has LOST ALL HOPE and throws in the towel.

Snowman, we've had this discussion before.  I am a fundamentals kind of person, but as I've stated before, the market does not always move according to fundamentals, at least, not immediately.  The bailout plan will pass, and we'll likely get a boost (unless the market already has the bailout plan figured into current prices...)  Basically, I was going to try to trade for another week or two, make back that $300 that I'm down, and then stay on the sidelines for a while.  But really, I'm debating going ahead and getting on the sidelines sooner rather than waiting any longer... After all, I should be able to make back that $300 pretty easily in normal market conditions.  I guess it is a risky to be trading in the current market - it would be better to bide my time and wait for a decent recovery.

I feel we are do for an emergency Federal funds rate cut. That is why I have no puts. I would hold your open positions until Wed. anyway. The charts are screaming rate cut, look for yourself: http://www.ny.frb.org/markets/omo/dmm/fedfundsdata.cfm

Rates are 1/2 point under the target of 2% and 3/4 under the Thursday and Friday. After that it depends on what happens to the value of the dollar. Foreign newspapers are saying we are in for a crash.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3094318/Bailout-failure-will-cause-US-crash.html 

I am suprised how well the market has held up. I see those 6 million share on the minute chart or rather over 20 million share spikes at the end of the day on the SPY which is probably 401K selling. They usually get the end of the day or closing price.