There are a lot of strong hands in the stock market right now. Pretty much all of the panic maniacs and weak hands got washed out in 08-09. I think the plunges are over unless and until interest rates start rising offering meaningful competition for investment dollars or until earnings start getting slashed if we have a double dip. Yesterdays data certainly points in that direction but I think the down tick in stock prices will be much more orderly if we do indeed head lower.
done
It's impossible to buy and hold in this environment. My average holding for any stock is about 20 days. I have 25-30 solid stocks that I've been recycling them. Buy at the dip, sell at small pop, regroup and repeat the process, it works quite well in the last 6 months.
I placed two buy orders for AKAM & MS on Mon.
I placed two buy orders for AKAM & MS on Mon.
You mean a short term bottom of 9500-10000 right? When this is over the Dow will trade under 6000 easy. Countdown till the SHTF is definitely on right now, can't see them holding up this mess/wanting to hold it up much longer. The end of QE2 must produce a massive third installment of QE or the game will end by the end of the year.
There must be series of shitty news to drag it to March low in 09', corporate earnings tanking, companies shed millions jobs a month, US debts default...etc. The sentiment is bad right now, but it's not as bad as 2 yrs ago. Honestly, I don't know how market will react when they approve 2.4T debt raise which is almost a done deal. Keep in mind that is only enough to cover the deficit until end of 2012. And I can smell a QE3 is coming, question is at how big it would be.
Josh,
I do both. I trade stocks more often as sometime I need to free up my cash faster.
btw, lets see how far the shorters will walk down VRML tomorrow, anything under $4.50 is a buy, under $4.00 is a strong buy.
Josh,
I do both. I trade stocks more often as sometime I need to free up my cash faster.
btw, lets see how far the shorters will walk down VRML tomorrow, anything under $4.50 is a buy, under $4.00 is a strong buy.
As long as things do not go completely to shit, I love these volatile markets.
If you time them right it can make you rich quickly.
I would much rather have these yo-yo markets where you can double your money in a 2 year period then a slow climb 6 or 7% buy and hold like the old days.
Give me 650 to 1300 in 2 years, down to 600 the next, up to 1400 the next.
In the above case its an 800% gain if you time it right.
Fuck buy and hold.
Its not as easy and dummy proof as it use to be, but with a little sense and a little work the gains are a lot better.
If you time them right it can make you rich quickly.
I would much rather have these yo-yo markets where you can double your money in a 2 year period then a slow climb 6 or 7% buy and hold like the old days.
Give me 650 to 1300 in 2 years, down to 600 the next, up to 1400 the next.
In the above case its an 800% gain if you time it right.
Fuck buy and hold.
Its not as easy and dummy proof as it use to be, but with a little sense and a little work the gains are a lot better.
