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Lets embrace for the falling market
sheep
#11 Posted : Wednesday, June 24, 2009 8:02:00 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
Relax guyz...I have a feeling we wont be seeing below 3000pts for a long long time.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
Iborian
#12 Posted : Wednesday, June 24, 2009 8:28:00 AM
Rank: Member

Joined: 4/17/2009
Posts: 194
Let everyone employ their own strategy. Those of us who watch the market very closely were buying shares as you predicted (rather WISHED for) the fall of the market. By the time shares stabilised or peaked - since Friday through to Monday and yesterday,we were selling and cashing in gains. The trick is to get a broker who will execute your order on the basis of a telephone call - within minutes,if not seconds. Now,we are just WAITING for the shares to fall to a level where we can buy again. No emotion whatsover - let the market do the thinking for us.

As for those who are buying shares on the basis of good solid fundamentals,over the long term,this will always be a winning strategy. But some of us are traders,and we want our money NOW&gt;
zach
#13 Posted : Wednesday, June 24, 2009 10:01:00 AM
Rank: Member

Joined: 6/18/2009
Posts: 15
The old seasoned players in the market has a way of taking the novice and green player to a KA. I think after the KA zones are attained for most of the stocks,the gurus are staging in for an assault after it attains slightly above the previuos level.2800-3000

muthitho
zach
#14 Posted : Wednesday, June 24, 2009 12:30:00 PM
Rank: Member

Joined: 6/18/2009
Posts: 15
Where do you get a broker who buys and sells when you want. How does it work.

muthitho
Fundaah
#15 Posted : Wednesday, June 24, 2009 2:20:00 PM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
the fall today isnt too hard afterall....23points only.....we may be heading to good times...

Rules of the game here:

Before you post anything think.give facts only..It's a serious blog for serious people....Do not insult your brother....respect one another...Just be good

Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
Iborian
#16 Posted : Wednesday, June 24, 2009 4:12:00 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
Actually,you must have been looking at yesterday's drop in the index. I guess you musta been watching (viewing) CNBC. Today's drop is much higher at 82 points. C'est la vie! You've got to be able to take the good with the bad.
Goals
#17 Posted : Thursday, June 25, 2009 8:36:00 AM
Rank: Member

Joined: 10/6/2008
Posts: 118
@ Zach

I always use three brokers and spread my shares for security purposes. Atleast one of them will be able to transact. SIB,CFC and Kestrel have never failed me.





'Build your own dreams,or someone else will hire you to build their's!'
Obi 1 Kanobi
#18 Posted : Thursday, June 25, 2009 9:00:00 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
@Eli

I don't mean to be pedantic,but I believe you meant

'Lets brace for the falling market' NOT 'Embrace'

It would be nice if you edited your heading.


I've noticed the youth in particular coming in to a workplace with a completely outsized notion of their own value and importance... just a thinly-veiled arrogance. May be the credit crunch induced recession is whats needed to remind us all about the value of hard work.... By Anonymous
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
andycapp
#19 Posted : Friday, June 26, 2009 7:15:00 AM
Rank: Member

Joined: 12/21/2007
Posts: 63
It looks like it wasnt falling afterall.
We dumped the shares on anticipating a fall.
Kumbe....
Fundaah
#20 Posted : Friday, June 26, 2009 7:43:00 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
good times ahead..

Rules of the game here:

Before you post anything think.give facts only..It's a serious blog for serious people....Do not insult your brother....respect one another...Just be good

Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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