[Dleo]

So it looks like the ban will be lifted on Wednesday.

[asdflkijd]

fuck this world, when are they going to let us live up in space lol...

[Dleo]

Originally Posted by blakepilot

i haven't sold virtually anything. my portfolio has had a significant devaluing lately, but i'd be stupid to sell right now. i've chosen to just ride it out and hope that nothing serious like another great depression happens. i have confidence in the world powers that they will do everything possible to avoid a global economic depression...knock on wood. i'm more worried about waking up one morning and the money in my wallet is worthless than selling everything.

If its solid companys, I would bring my cost average down on those stocks.

[flush01]

Originally Posted by Dleo

buy on the dips, and sell into the rally's boys!
theres always money to be made

in this market right now, buying on dips is not good enough anymore, you just don't know where the bottom is.. look at the dow chart over past month, there were alot of dips and sh!t keeps going down even more.. i averaged down like 3 times by now lol... i wouldn't touch any financials right now, look at the bank of america earnings today, down over 60% and cut dividends in half AND that's blue chip company

[Los Angeles]

A -900+ drop is in the works.

Mark my words.

Today, it actually reached -800+ so the title of this thread is slightly misleading, but informative nonetheless.

[toofasttooslow]

Originally Posted by cgnahc

When to get out or exit strategy is most important. You got to know how to win the game before you play, right? Long entries now...even with a mild rally into the close today (10/6/08) is dangerous. There is no base, no reversal pattern developing.

Agreed and I suppose it depends on how long you'll be long for. If you're idea of being long is intraday then you might be risking a lot. My definition of long would be for a more substantial rally, possibly into the coming years. If you look at it that way (and assume the market will eventually make some sort of a comeback) then you won't need an immediate exit strategy.

[cgnahc]

If you have a very long time horizon, then you expose yourself to wider risk or drawdown in your portfolio. However, I evaluate and understand my risks prior to entry commitment. Therefore, while I have an open position, I am focused on profit taking. It's a difficult mental exercise to master. Treat unrealized gains and losses as actuals, don't fool yourself that it is not.

So, if the market will give me a 10% profit in couple days, I'll lock it in. If it gives me a 3% gain over several months or years, it's no good.

[scottwww]

Originally Posted by UltimateBMW

Source: http://economics.about.com/cs/busine...epressions.htm


So basically, the only real thing differentiating the two is severity, and the verbal connotation linking the word Depression to the 'Great Depression'. Or, to say that the word depression causes poeple to feel more nervous, where as recession is a more pleasant way of saying it.

Everyone likes recess. Noone likes to be depressed.