bills_fan_in_raleigh Posted October 7, 2008 Share Posted October 7, 2008 I like Cramer but I think he may be over reacting. next he may suggest we all run and pull money out of everything and stuff our mattresses. Cant lose money that way. My Motto Slow and easy beats greed Link to comment Share on other sites More sharing options...
taterhill Posted October 7, 2008 Share Posted October 7, 2008 One of the CNBC traders had a funny line...he is taking 2 positions in this market....cash and fetal Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted October 7, 2008 Share Posted October 7, 2008 Because unless you time it right you're typically selling low and buying high. Timing the market is very risky and very hard to do with your own money because of the emotions involved. You got lucky this time but the recovery is usually unexpected and very quick. I understand people want to gain with the big yields... But, is that really reasonable?... I remember years where it gained over 20%... Is that really resaonable?... You mine as well go to the track with what all the "experts" are saying. I am safely protecting my ass first and foremost... Paying myself first and foremost. And yes... Now is really the time to stem the bleeding and cut the loses before it digs you a hole too deep. Basically, I am mailing my winnings home in a self-addressed stamped envelope. That's reasonable and safe. I don't need 20% annual returns... I will if I stay in! And you are right... This is a very emotional confidence game. Link to comment Share on other sites More sharing options...
Jon in Pasadena Posted October 9, 2008 Share Posted October 9, 2008 Not that I care much...if the market moves, I make money. Don't care which direction it moves in.Non-directional option spreads? Iron Condors? Link to comment Share on other sites More sharing options...
HBSS151 Posted October 9, 2008 Share Posted October 9, 2008 I understand people want to gain with the big yields... But, is that really reasonable?... I remember years where it gained over 20%... Is that really resaonable?... You mine as well go to the track with what all the "experts" are saying. I am safely protecting my ass first and foremost... Paying myself first and foremost. And yes... Now is really the time to stem the bleeding and cut the loses before it digs you a hole too deep. Basically, I am mailing my winnings home in a self-addressed stamped envelope. That's reasonable and safe. I don't need 20% annual returns... I will if I stay in! And you are right... This is a very emotional confidence game. Don't take advice from TV matrons and/or shoe shine boys (1929 refrence). If you have disposable income with a 5/7 year window, there are stunning bargains on solid companies available today on the NYSE/NASDAQ. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted October 9, 2008 Share Posted October 9, 2008 Don't take advice from TV matrons and/or shoe shine boys (1929 refrence). If you have disposable income with a5/7 year window, there are stunning baragains of solid companies available today on the NYSE/NASDAQ. Or internet message boards (2008 reference)? Link to comment Share on other sites More sharing options...
HBSS151 Posted October 9, 2008 Share Posted October 9, 2008 Or internet message boards (2008 reference)? I have buying steadily (low stakes / good firms) - I have 12 years to go (and I don't count SS Income) There will probably be another meltdown by then, but value will always be value Here's a freebie - best bank left going - Wells Fargo - they actually lent to only "worthy" customers Link to comment Share on other sites More sharing options...
taterhill Posted October 9, 2008 Share Posted October 9, 2008 I have been loading up on the following Med Patent Anacot Steel Farrowtech Link to comment Share on other sites More sharing options...
John Adams Posted October 9, 2008 Share Posted October 9, 2008 I have been loading up on the following Med Patent Anacot Steel Farrowtech OMG. This may be the shoeshine boy moment. Stock tips on PPP? Dwight Drane is right. Quit your job and buy a gun, bible, and pile of gold. Link to comment Share on other sites More sharing options...
taterhill Posted October 9, 2008 Share Posted October 9, 2008 OMG. This may be the shoeshine boy moment. Stock tips on PPP? Dwight Drane is right. Quit your job and buy a gun, bible, and pile of gold. what are you talking about Dan Dorfman from CNBC gave it his Gold rating....I expect a HUGE pop Link to comment Share on other sites More sharing options...
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