Post by
kidman on Aug 05, 2011 10:57am
OUT
I went to cash this morning. All of it. Sold everything I own in the markets. Screw the taxes, I'll make it back next year. This is a long term world market mess.
And it feels good. I now know where my money is. No more thinking about mine closure by the MHSA or pitiful production numbers. Maybe I'll be back under $1.40, maybe I won't . I can tell you that being OUT and holding cash feels pretty damn good.
Comment by
seanj1 on Aug 05, 2011 12:22pm
Kidman;
I believe that is called "Capitulation". I totally understand what you mean... But in the long run, Stocks will always move higher. World does not revolve around US and Western countries anymore... I hope you can get back in on time.
https://www.investopedia.com/terms/c/capitulation.asp
Comment by
sunshine7 on Aug 05, 2011 12:31pm
Funny, I was 85% cash until today. 50% back in and more to come. When fear is the highest, time to invest.... I hope this remains true this time as well! If not, then you can have the last laugh.
Comment by
shane117 on Aug 05, 2011 12:39pm
LOL!!!!!!! I can't believe that you sold at these levels. I can't believe that anybody would sell at these levels. You rode it down all the way and caved at the bottom. WOW! I sold a couple of months ago and just rebought.
Comment by
MisterB on Aug 05, 2011 3:16pm
Agreed. It was nice to have cash on hand yesterday and today. Bought again at 1.76 today - so I upped my position to just under 20k shares between 2.22 and 1.76. As a swing/mid-term investor, I love these "crazy" days - because I try to keep a decent cash position in the summer...Good times... now let Cline Deliver - or get taken out.B
Comment by
Golongagain on Aug 05, 2011 4:50pm
Good job. I was OUT 2 weeks ago and took NO losses.I LOVE seeing a slaughter from the sidelines.Crafty GOLONG...Saw it coming...Best GOLONG...into TCK.B on the slide...but not yet!