Dan, we agree that DTs in personal account should not be posted on Z. ORCL dipped to 8.65 today and recovered a bit. when does a broken stock say "avoid"? and what does the chart say about support levels now?
with regards to the bottom, let me clarify it. how many times have we heard "the bottom is near"? yet the market still goes lower. As long as the belief it that company profits won't turn up and/or the economy still is not in a fast recovery prices for equities won't go higher. Plain and simple.
Thanks for the closed vs open positions. It gives u a quick look on how bad things are. very very few winner positions and those stocks deep in the hole which have been held for long periods still go lower. What happens when the recovery to say just 1 or 2% above the CB? Sponsors will sell quickly and be glad to be out. yet won't take a small loss. Doesn’t make sense to me
if you have time how about see where the prices are currently for those stocks we have already sold. for example MSCC was sold for a 10% loss on 1/25 and is now -31% lower. TYC was sold for an 18% loss on 1/28 and now is -47% lower. SBL is about the same price, but WCOM is 75% lower than the selling price on 3/4 same goes for AMRN, GNSS, GLW, ITWO, etc. All substainly lower.
So holding those would have made better sense than taking the loss? I would like to hear others opinion on this
Dan, please understand that i don't wish to be combative here. I just disagree with the idea that if a stocks is bot and drops and stay lower for a peroid of time then after careful analysis, looking at earnings and charts perhaps we should say i made a mistake, tell the loss and move to a better op. Or even wait till something improves to rebuy the same stock back at a later time.
Kelvin |
