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Old 06-27-2016, 11:23 AM  
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Old 02-26-2021, 05:04 PM   #7981
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Looking at next week...I think I’m going to jump on $JE soon.
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Old 02-26-2021, 07:27 PM   #7982
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What the hell is happening to the market?

Mutual fund getting killed!
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Old 02-26-2021, 08:01 PM   #7983
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Originally Posted by Mr_Tomahawk View Post
Looking at next week...I think I’m going to jump on $JE soon.
Why? Their chart is pretty much an averaged diagonal Line straight descending down from $538 ten years ago to $4 today, with an article this week stating they may have to go out of business after the Texas freeze debacle.

Expecting a turnaround from a 10 year slow death?
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Old 02-26-2021, 08:14 PM   #7984
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What the hell is happening to the market?

Mutual fund getting killed!
Stock market set an all time high on February 17th, 2021.....Last week.

You guys realize the market doesn’t move in a straight line?
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Old 02-26-2021, 08:15 PM   #7985
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Stock market set an all time high on February 17th, 2021.....Last week.



You guys realize the market doesn’t move in a straight line?
Really down 2 days in a row
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Old 02-26-2021, 08:21 PM   #7986
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Really down 2 days in a row
Really down?

S&P down 2.5% this week. Dow 1.8%.

Maybe you need more balanced mutual funds if they’re swinging more than that.
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Old 02-26-2021, 08:34 PM   #7987
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Really down?

S&P down 2.5% this week. Dow 1.8%.

Maybe you need more balanced mutual funds if they’re swinging more than that.
Out 12k yesterday
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Old 02-26-2021, 08:37 PM
MTG#10
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Old 02-26-2021, 08:41 PM   #7988
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Why? Their chart is pretty much an averaged diagonal Line straight descending down from $538 ten years ago to $4 today, with an article this week stating they may have to go out of business after the Texas freeze debacle.
That's why its such a great idea
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Old 02-26-2021, 08:42 PM   #7989
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Out 12k yesterday
Well if your account is large enough you’ll see those swings and larger, when the market moves only a few percent.

I’m worried what you’ll do when this market corrects a possible 10-20%! What’s your timeline to retirement and current equities exposure?
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Old 02-26-2021, 08:49 PM   #7990
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Looking at next week...I think I’m going to jump on $JE soon.
It’s easier to be successful on up trending stocks, not stocks on long down trends.
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Old 02-26-2021, 09:46 PM   #7991
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What the hell is happening to the market?

Mutual fund getting killed!
What's happening lately is normal in a normal market. Money is made and lost. If all someone knows is this record setting bull run we've been in the last ten years they may be tempted to worry or panic. Just keep a balanced portfolio appropriate for your investment horizon. Set it and forget it.
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Old 02-26-2021, 09:51 PM   #7992
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Well if your account is large enough you’ll see those swings and larger, when the market moves only a few percent.



I’m worried what you’ll do when this market corrects a possible 10-20%! What’s your timeline to retirement and current equities exposure?
Hopefully retire in 10.
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Old 02-26-2021, 09:51 PM   #7993
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It’s easier to be successful on up trending stocks, not stocks on long down trends.

Buy the dip.
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Old 02-26-2021, 09:59 PM   #7994
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Hopefully retire in 10.
I wouldn’t have more than 50% equities exposure if you think you can live decently off your investment accounts with 3% drawdown and whatever pension you may also get. If you’re trying to play catch-up you may have to risk more exposure to equities. But your risk tolerance appears low if you think this was a bad week and you’re concerned about losing $12k in what’s probably a $500k+ account (that’s a normal and small swing on an account that size).
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Old 02-26-2021, 11:18 PM   #7995
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Why? Their chart is pretty much an averaged diagonal Line straight descending down from $538 ten years ago to $4 today, with an article this week stating they may have to go out of business after the Texas freeze debacle.

Expecting a turnaround from a 10 year slow death?

That's quite a decline. What causes a 99 percent decline over a ten-year period? Let's look at wikipedia.

https://en.wikipedia.org/wiki/Just_Energy

Former Enron executives James Lewis and Deborah Merril were Just Energy's senior executive, president, and Co-CEOs since 2007.[14]

Ooh, Enron executives. That's not a good start.

San Francisco's KPIX-TV news reported on June 2013 that there had been tens of thousands of complaints across the U.S. from consumers saying they were misled into signing up with Just Energy, and instead of saving money on their monthly bills as advertised, the cost went up. The complaints led to a consumer fraud lawsuit filed by the state of Illinois, and investigations in New York, Ohio, and Canada. Just Energy settled each of these cases, paying large fines and promising to change its sales practices.[15]

Hmm, deceptive sales practices. Okay.

Since Hartwick's claim, Just Energy has been cited by the Ontario Energy Board in November 2013 and November 2014, and by the Attorney General of Massachusetts in January 2015, for continued infractions, including widespread deceptive sales practices.[24] Hartwick left the company in 2014. James Lewis and Deborah Merril, who helped to found the company in 2002, are now joint CEOs.[25]

Okay, more deception.

Rebecca MacDonald, Just Energy's executive chair, has been accused of falsifying her credentials and her biography. Additionally, forensic accounting firms have determined that Just Energy uses questionable accounting practices and has misled investors as to their financial condition.[22]

Questionable accounting. That seems bad.

In September 2014, the police department of Sudbury, Ontario, issued a warning to the city's residents regarding the aggressive and illegal door-to-door sales activities of Just Energy sales representatives, and advised contacting the police if salespeople refuse to leave when requested.[26]

How do you have door to door utility sales? And the police warned against the company?

In November 2014, the Canadian Federal Competition Bureau says a subsidiary (National Energy Corp, which operates as National Home Services) of Just Energy Group Inc. has agreed to pay $7 million in penalties, restitution and other costs related to complaints over its door-to-door water heater marketing practices in Ontario and Quebec. Finding by the bureau that sales staff were misleading customers about their identity and the purpose of their visits.[27]

The salespeople are lying about their identity?

In January 2015, the Attorney General's Office of Massachusetts announced that Just Energy had agreed to pay $4 million to settle allegations of deceptive marketing and overcharging consumers. According to the settlement, Just Energy charged rates that were higher than the rates for the electricity supply provided by NSTAR and National Grid, and induced elderly and non-native English speakers by continuing to offer electricity supply services even after it became clear that they did not understand the terms of the contract. Consumers were also switched to Just Energy without authorization, and termination fees worth tens of thousands of dollars were charged to small business owners who weren't advised of the charges.[28][29]

Ripping off the elderly and small business.

It seems like this company might be poorly run.
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