View Full Version : buy, sell or hold

09-19-2001, 02:47 AM
with the uncertainty what do you think, and which sectors

09-19-2001, 03:35 AM
How about Montana real estate instead of the stock market?

09-19-2001, 11:43 AM
With a martket going down. Your best bet is

a) be in cash

b) short

When the market turns, (and not a Bear market rally occurs)

a) scale in buy. (i.e buy 5-10% if it keeps going up buy more.)

Buy and hold is for the "birds" (similar to raising with 72 offsuit)!!!!!!

If you are in a market - you must have a tresh-hold for pain

a percentage at which you are not willing to lose more. If you

don't you are either very rich or very dumb. Many sadly will

end up working in McDonnalds after this carnage if they don't

take deffensive action.

09-19-2001, 11:58 AM
certainly no one should have too large a % of their net worth in stocks, so a big downtrun should not put you at mcdonalds. second i dont think buying or selling decisions should be made by how much pain you can endure. but you are right in that a person should never lose more in any endevour that makes him have to change his life style much.

09-20-2001, 12:12 AM
I usually agree with you on things but I have to disagree about your statement that nobody should have most of his/her net worth in stocks. Stocks are the best long term investment statistically followed by amazingly art. It's better to buy and hold 100% stocks than have say 40% stocks, 20% bonds, and 40% real estate while being a great market timer. In the long run you asset allocation is most important...this bear market will be only a memory in a couple of years and people who held on certainly lost opportunities for excess gains but will be ok.

Of course everyone needs a place to live and real estate can satisfy that as well as be an investment. But stocks are the best way to go long term.

Of course you can't be stupid...I talked to a guy today who had 20MM last year in one stock and is down under 200K today. Ouch! He didn't exercise any shares.

09-20-2001, 12:16 AM
Sell U.S. technology, retail, and airlines...buy U.S. value. Buy Europe and Japan.

09-20-2001, 04:24 AM
I don't know about sectors. I'd buy QQQ and SPY short term while VIX is above 40 sell at VIX 25. Intermediate hold. Long term buy QQQ and SPY. Just my $0.02.

09-20-2001, 04:16 PM
I like buying now. Especially airlines.


09-21-2001, 01:08 AM
Nobody ever got rich following the crowd. Buy tech stocks. IMO theyre undervalued.

09-21-2001, 06:03 PM
I'm holding on to equities. I will probably buy more as soon as my allocation gets out of whack (bond prices rising while stocks tanking). My pain threshold must be high, which is a trait common to most creatures that are "very dumb", though I am smart enough to have a passing acquaintance with the English language, which separates me from mosts beast and "wizzard".

09-21-2001, 11:04 PM
See you at the Burger King, buddy. McDonnalds have higher

requirements. Don't get personal with me, even if you are

angry and pissed off. The markets will go back but likely

you will be out at the botton. Putz !

09-22-2001, 01:00 AM
Toucche, wizzard. Yoou obvviously willl winn anny batttle of worrds, soo I rettire. Russs.

09-24-2001, 06:16 AM
>I talked to a guy today who had 20MM last year in one stock and is down under 200K today. Ouch! He didn't >exercise any shares.

Is he one of those who will owe the IRS the due on the 20MM?

09-25-2001, 10:53 PM
Luckily no...he wasn't stupid enough to exercise the options but not sell the shares. I did talk to a guy like that but he only owes a few hundred K.