STOCK MARKET FEVER! Panic & Sell stocks today or risk tomorrow? - GoFuckYourself.com

gleem · 08-04-2011, 09:42 AM

GFY stock pundits... figured I'd post here as I go about the process and get your feedback..

Ok, so I've doubled my SEP-IRA portfolio over the last couple years, about 50% to my goal set for the next 3 years.

I have nothing more than a gut feeling we are looking at another 2008 huge drop when tomorrows' jobs reports come out, gonna throw gasoline on the fire, dow down 500 points.

25% of my portfolio is in cash right now (from 2008 sell off panic), 5% in gold the rest in stocks.

I am only off 5% from my all time highs right now... time to sell it all and hold and buy back positions later?

After selling it all, sit in cash?

Adraco · 08-04-2011, 09:51 AM

Yes, it will be a rocky road ahead of us, I would suggest you stay liquid as much as possible for the next month or so. Will be some real bargains to pick up if you have cash on hand when the opportunity arises

gleem · 08-04-2011, 09:54 AM

Quote:

Originally Posted by Adraco

Yes, it will be a rocky road ahead of us, I would suggest you stay liquid as much as possible for the next month or so. Will be some real bargains to pick up if you have cash on hand when the opportunity arises

Right, but if tomorrow's report is less than horrible, might be a big bump up.

So you vote.. sell all now, take the 5% loss hold cash till after Armageddon?

k0nr4d · 08-04-2011, 10:01 AM

Quote:

Originally Posted by gleem

Right, but if tomorrow's report is less than horrible, might be a big bump up.

So you vote.. sell all now, take the 5% loss hold cash till after Armageddon?

Sell all now. It's not like it's gonna skyrocket tomorrow (if it moves at all) and you'll have made money had you kept it. You don't stand to gain much in the short term and if you bail now you don't lose much.

Houdini · 08-04-2011, 10:06 AM

S&P has very little support to lead it to 1100. The jobs report, even if positive, certainly isn't going to do much, in the intermediate term. Might get a bounce tomorrow, or early next week, as we're oversold, but the bleeding will continue, you can count on it.

JamesGw · 08-04-2011, 10:13 AM

Sell it. Buy some more if it plummets.

gleem · 08-04-2011, 10:40 AM

I'm just gonna put a 1% stop loss order on everything, guess I managed to work through the emotions and see exactly what my risk tolerance is now in this enviroment.

strobi · 08-04-2011, 10:49 AM

I'm riding it out. I'm 40% physical gold, 15% cash and 45% stocks. (I'm all-in silver, gold and miners, don't have anything else, oh and uranium stocks).

gleem · 08-04-2011, 10:52 AM

Quote:

Originally Posted by strobi

I'm riding it out. I'm 40% physical gold, 15% cash and 45% stocks. (I'm all-in silver, gold and miners, don't have anything else, oh and uranium stocks).

ehh looks like gold isn't immune this time as everyones going liquid!

strobi · 08-04-2011, 10:57 AM

Quote:

Originally Posted by gleem

ehh looks like gold isn't immune this time as everyones going liquid!

I wouldn't sell my gold for the world! I will only be selling my physical gold in 5 years.

strobi · 08-04-2011, 10:59 AM

Bought some Thompson Creek Metals and Goldcorp! Stocks are WAY down holy shit

Barry-xlovecam · 08-04-2011, 11:12 AM

There is no such thing as a bad profit ...

Crude Oil
88.28
-3.65 -3.97%

Note to self: top off car fuel tank tomorrow

Houdini · 08-04-2011, 11:19 AM

Amazing, in one week, S&P has lost all the gains since last Nov. Feels like when Lehman brothers went bankrupt and everything started to crumble after that.

woj · 08-04-2011, 11:22 AM

you aren't going to time it up right... I wouldn't even bother trying...

it could be +3% tomorrow or it could drop another 3%... 50/50 chance either way...
over the next month it could drop another 10% or it could go back up 10%... 50/50 chance there too...

there is really no reason for this panic lately, the economic reports lately are only slightly negative....

PR_Dave · 08-04-2011, 11:25 AM

I only invest after crashes...

Fabien · 08-04-2011, 12:04 PM

bingo

we're whores

jimmycooper · 08-04-2011, 12:18 PM

DNDN is a good buy right now.

DudeRick · 08-04-2011, 12:21 PM

Quote:

Originally Posted by Adraco

Yes, it will be a rocky road ahead of us, I would suggest you stay liquid as much as possible for the next month or so. Will be some real bargains to pick up if you have cash on hand when the opportunity arises

What he said...

gleem · 08-04-2011, 12:58 PM

heh, ended up setting 2% stop-loss orders on everything, almost all of them just got executed.. sitting on a pile of cash now with no where to go!

Houdini · 08-04-2011, 01:14 PM

Today made the top 20 largest daily points losses in Dow.

DJI: Largest drop since Dec 2008.
SPX: Largest drop since Feb 2009.

Erased all gains since Nov 2010.

bean-aid · 08-04-2011, 01:22 PM

Quote:

Originally Posted by gleem

heh, ended up setting 2% stop-loss orders on everything, almost all of them just got executed.. sitting on a pile of cash now with no where to go!

Nice, now put it all into a penny stock with a chinese based address and you should be rich beyond your wildest dreams

96ukssob · 08-04-2011, 01:58 PM

consumer good companies will most likely fall so it would be better to pick up some of those while they are low.

banks will probably drop too... i plan on making another round of BofA stocks

Wizzo · 08-04-2011, 02:02 PM

Buying High and Selling Low usually isn't a good idea to make the market work for you...

PR_Glen · 08-04-2011, 02:02 PM

Quote:

Originally Posted by PR_Dave

I only invest after crashes...

gleem · 08-05-2011, 05:08 AM

Everyone ready for today? jobs report in 20 minutes!

cybermike · 08-05-2011, 09:10 AM

So what are some good buys when everything is crashing? :O

Dappz · 08-05-2011, 09:36 AM

for me this is the time to buy more shares and wait for the progress of tomorrow

Phoenix · 08-05-2011, 09:40 AM

yes what are some good affordable buys?

seeandsee · 08-05-2011, 10:00 AM

Quote:

Originally Posted by Phoenix

yes what are some good affordable buys?

i say apple, because iphone5 is close and it will bring new jump

gleem · 08-05-2011, 10:38 AM

Quote:

Originally Posted by seeandsee

i say apple, because iphone5 is close and it will bring new jump

not if the stocks overall dip 15% taking apple with it, the bounce from Iphone5 won't make up for that.

shit, just today I watched apple open at 383 drop to 371, now it's upto 375.... someone made some money or lost alot lol.

08-05-2011, 10:43 AM

"Economists forecast that employers added only 90,000 jobs last month and that the unemployment rate was unchanged at 9.2 percent, according to a survey by FactSet."

Dow and Nasdaq are holding up at this moment. We may make it out of this alright. My SEP has tanked big time over the last week...Then again, I'm far less aggressive, with my portfolio balanced for long term.

Congrats on your gains and definitely keep it up! We'll make it through all of this just fine. If we made it out of 2008, this is just a blip on the radar.

gleem · 08-05-2011, 10:50 AM

Quote:

Originally Posted by sherm

Congrats on your gains and definitely keep it up! We'll make it through all of this just fine. If we made it out of 2008, this is just a blip on the radar.

I really think they are simply just throwing band aides on a global economy that is completely broken and has systemic problems that can never be fixed without everyone forgiving debt and never borrowing again. They have been putting off the crash for years, these "corrections" are the times when the economic magicians accidentally reveal too much of the rotten corpse behind the curtain. I think many know this, but other than stocking up on food, ammo, smokes and booze there's no safe place for cash.

08-05-2011, 11:15 AM

Quote:

Originally Posted by gleem

I really think they are simply just throwing band aides on a global economy that is completely broken and has systemic problems that can never be fixed without everyone forgiving debt and never borrowing again. They have been putting off the crash for years, these "corrections" are the times when the economic magicians accidentally reveal too much of the rotten corpse behind the curtain. I think many know this, but other than stocking up on food, ammo, smokes and booze there's no safe place for cash.

...especially if the dollar is ever completely devalued.

08-04-2011, 09:42 AM	#1
gleem Confirmed User Industry Role: Join Date: Jun 2001 Location: Sunny Land Posts: 5,593	STOCK MARKET FEVER! Panic & Sell stocks today or risk tomorrow? GFY stock pundits... figured I'd post here as I go about the process and get your feedback.. Ok, so I've doubled my SEP-IRA portfolio over the last couple years, about 50% to my goal set for the next 3 years. I have nothing more than a gut feeling we are looking at another 2008 huge drop when tomorrows' jobs reports come out, gonna throw gasoline on the fire, dow down 500 points. 25% of my portfolio is in cash right now (from 2008 sell off panic), 5% in gold the rest in stocks. I am only off 5% from my all time highs right now... time to sell it all and hold and buy back positions later? After selling it all, sit in cash? __________________ Contact me: \\// E: webmaster /at/ unprofessional.com

08-04-2011, 09:51 AM	#2
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,734	Yes, it will be a rocky road ahead of us, I would suggest you stay liquid as much as possible for the next month or so. Will be some real bargains to pick up if you have cash on hand when the opportunity arises __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.

08-04-2011, 10:13 AM	#6
JamesGw Confirmed User Industry Role: Join Date: Apr 2011 Posts: 1,237	Sell it. Buy some more if it plummets. __________________ Giggles.com has a huge selection of sex toys. Need backlinks? Ask to guest post on our adult blog.

08-04-2011, 10:40 AM	#7
gleem Confirmed User Industry Role: Join Date: Jun 2001 Location: Sunny Land Posts: 5,593	I'm just gonna put a 1% stop loss order on everything, guess I managed to work through the emotions and see exactly what my risk tolerance is now in this enviroment. __________________ Contact me: \\// E: webmaster /at/ unprofessional.com

08-04-2011, 11:12 AM	#12
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	There is no such thing as a bad profit ... Crude Oil 88.28 -3.65 -3.97% Note to self: top off car fuel tank tomorrow Last edited by Barry-xlovecam; 08-04-2011 at 11:14 AM..

08-04-2011, 10:06 AM	#5
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	S&P has very little support to lead it to 1100. The jobs report, even if positive, certainly isn't going to do much, in the intermediate term. Might get a bounce tomorrow, or early next week, as we're oversold, but the bleeding will continue, you can count on it.

08-04-2011, 10:49 AM	#8
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	I'm riding it out. I'm 40% physical gold, 15% cash and 45% stocks. (I'm all-in silver, gold and miners, don't have anything else, oh and uranium stocks).

08-04-2011, 10:59 AM	#11
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Bought some Thompson Creek Metals and Goldcorp! Stocks are WAY down holy shit

08-04-2011, 11:19 AM	#13
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Amazing, in one week, S&P has lost all the gains since last Nov. Feels like when Lehman brothers went bankrupt and everything started to crumble after that. Last edited by Houdini; 08-04-2011 at 11:25 AM..

08-04-2011, 11:22 AM	#14
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	you aren't going to time it up right... I wouldn't even bother trying... it could be +3% tomorrow or it could drop another 3%... 50/50 chance either way... over the next month it could drop another 10% or it could go back up 10%... 50/50 chance there too... there is really no reason for this panic lately, the economic reports lately are only slightly negative.... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-04-2011, 11:25 AM	#15
PR_Dave Confirmed User Industry Role: Join Date: Jul 2003 Location: Italy Posts: 2,792	I only invest after crashes... __________________ www.PIMPROLL.com

08-04-2011, 12:04 PM	#16
Fabien Confirmed User Industry Role: Join Date: Jul 2003 Posts: 4,787	bingo we're whores

08-04-2011, 12:18 PM	#17
jimmycooper Confirmed User Industry Role: Join Date: May 2010 Location: Manhattan Posts: 4,016	DNDN is a good buy right now. __________________

08-04-2011, 12:58 PM	#19
gleem Confirmed User Industry Role: Join Date: Jun 2001 Location: Sunny Land Posts: 5,593	heh, ended up setting 2% stop-loss orders on everything, almost all of them just got executed.. sitting on a pile of cash now with no where to go! __________________ Contact me: \\// E: webmaster /at/ unprofessional.com

08-04-2011, 01:14 PM	#20
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Today made the top 20 largest daily points losses in Dow. DJI: Largest drop since Dec 2008. SPX: Largest drop since Feb 2009. Erased all gains since Nov 2010.

08-04-2011, 01:58 PM	#22
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	consumer good companies will most likely fall so it would be better to pick up some of those while they are low. banks will probably drop too... i plan on making another round of BofA stocks __________________ Email: Clicky on Me

08-04-2011, 02:02 PM	#23
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	Buying High and Selling Low usually isn't a good idea to make the market work for you... __________________ Looking for Opportunity!

08-05-2011, 05:08 AM	#25
gleem Confirmed User Industry Role: Join Date: Jun 2001 Location: Sunny Land Posts: 5,593	Everyone ready for today? jobs report in 20 minutes! __________________ Contact me: \\// E: webmaster /at/ unprofessional.com

08-05-2011, 09:10 AM	#26
cybermike Confirmed User Join Date: Jan 2002 Location: Ny Posts: 4,108	So what are some good buys when everything is crashing? :O __________________ Hey surfers how about some The Best Porn Sites

08-05-2011, 09:36 AM	#27
Dappz Confirmed User Join Date: Dec 2009 Posts: 997	for me this is the time to buy more shares and wait for the progress of tomorrow __________________ Hentai Artist * Draw My Anime * HentaiLovers * hentaiG4H * ICQ : 657458

08-05-2011, 09:40 AM	#28
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	yes what are some good affordable buys? __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

08-05-2011, 10:43 AM	#31
shermo Guest Posts: n/a	"Economists forecast that employers added only 90,000 jobs last month and that the unemployment rate was unchanged at 9.2 percent, according to a survey by FactSet." Dow and Nasdaq are holding up at this moment. We may make it out of this alright. My SEP has tanked big time over the last week...Then again, I'm far less aggressive, with my portfolio balanced for long term. Congrats on your gains and definitely keep it up! We'll make it through all of this just fine. If we made it out of 2008, this is just a blip on the radar.