Notices

Stocks, anyone selling??

Old 03-18-2009, 12:35 PM
  #1  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Mar 2006
Location: Cherry Grove, SC
Posts: 5,562
Received 94 Likes on 61 Posts
Default Stocks, anyone selling??

with the recent run up over the past 5 days wondering if anyone is selling now.
Old 03-18-2009, 12:46 PM
  #2  
Senior Member
 
Join Date: Jan 2007
Location:
Posts: 396
Likes: 0
Received 0 Likes on 0 Posts
Default

yup. taking 75% of profits and getting ready to short into moving averages
Old 03-18-2009, 12:52 PM
  #3  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Mar 2006
Location: Cherry Grove, SC
Posts: 5,562
Received 94 Likes on 61 Posts
Default

i've been thinkingof selling some of my stuff and staying a way for a little while. Just wondering if I should go ahead now before profit taking starts a drop
Old 03-18-2009, 01:06 PM
  #4  
Senior Member
 
Join Date: Feb 2008
Location: Hampstead NC
Posts: 176
Received 11 Likes on 7 Posts
Default

nope, still buying into today but writing some calls. Friday should be interesting..Quadruple witching!!
Old 03-18-2009, 01:13 PM
  #5  
Senior MemberCaptains Club Member
 
Join Date: Feb 2002
Location: North East
Posts: 5,938
Likes: 0
Received 2 Likes on 2 Posts
Default

Sold a few things for profit today but it all comes down to what you paid for it.
Old 03-18-2009, 01:23 PM
  #6  
Senior MemberCaptains Club Member
 
Join Date: Aug 2002
Location: sebastian FL
Posts: 2,166
Received 305 Likes on 168 Posts
Default

every trade has a buyer and a seller. It killed me last week that the FAS didn't drop from profit taking at the end of the day. Just goes to show there were plenty of "bigger fools" willing to hold it over the weekend. With the run up again this week I have to believe it is in for a major dump Friday.
Old 03-18-2009, 01:41 PM
  #7  
Senior Member
 
Join Date: Aug 2005
Location: New England
Posts: 5,297
Received 276 Likes on 177 Posts
Default

I made a true day-trade today. I took a position early this morning and by 2:15pm, after the major announcement by the Government, whatever it was, the stock price roared up $2 and ended up going up to a bit over $4 from the day's low, I happily sold and took my easy-money. About every stock out there spiked up higher at around 2:15pm today, higher and faster than I have ever seen in the past 5 months, it was incredible as I'm always long so when things go up, I both sell and make money. So to answer the OP's question, yes, I'm selling AND buying.

It is so hard to tell whether things are actually getting bullish or if it is a bear market bounce, but if the past few months have been any indication, things will be up and down for a while. I read that there will be no V-shaped recovery as in things went down, hit a bottom and will just start going back up even though the past few days seem like it.

Like My Turn says, if everyone believes in selling before the weekend, then everyone will sell and take their profits.


As always, don't listen to me, I'm just a ". . . copier repairman." (What movie was that from?)
Old 03-19-2009, 04:59 AM
  #8  
KJS
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Aug 2003
Location: Where I go, there I am
Posts: 16,862
Received 962 Likes on 516 Posts
Default

I have fought the urge to sell on the other bounces. I am pumping money in looking about 10+ years out but I am up about 70% right now and might just pull the trigger and then hop back in on the downside....assuming we have another downside.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.