SELL - DUMP- CAPITULATE- PUKE -RUN - go to Bear Cave / Bomb Shelters immediately !
...buy gold, build a bombshelter, hoard cigarettes, toilet paper & soap !
THE WORLD IS COMING TO AN END !
......................not.
... but, please keep believing it is; and saying it is; and selling your stocks; so I can keep buying them cheap. Anyone else realize that the brokerage houses make record revenues off this type of buying & selling - then re-entering market madness ? Did Acampora's call which led to near historic trading volume make some extra cash for the houses in trading commissions ? Talk about ''churning'' at its best !
To the Michael Happel's of the world - please keep bailing out here; yeah, sell into a historic bottom and then buy (but not on a head fake rally!) on ''THE'' rally ( but which one will be THE real one?).
BDI - a wrong call ? DRQ or RDC a wrong call ? I said to ''BEGIN'' buying selectively here, with initial positions in these stocks with 40-60% of the funds committed to individual stocks now, at these levels and saving the remaining 40-60% for 2 more forrays into additional dips if we would see them ; or average down on these additional; dips ''from here'' if you still hold these stocks. Is BDI going to be a winner or loser ? - time will tell. In 18-24 months; I strongly feel it will be one of the % return leaders in the entire sector. Is it a good investment - there comes a time to trust the numbers and fundamentals in the face of the markets & individual emotionality and over-reaction. I'll be buying here, now. You keep crying that ''the sky is falling'' ... Live & let live... I did sell major portions of my oils stocks a few weeks ago avoiding substantial additional losses, but also condensed my portfolio to just a few core holdings on which I will continue buying ''selected, individual'' stocks on dips that are ''over-reactions'' such as DRQ's recent 15% one day sell off or BDI's 40% in a week sell off; NOT accross the board buying - yet.
Simple differences in philosophy. We are at decimated levels here; for long term value oriented investors - where would you want to be buying ? Personally; I could give a ''Rats Ass'' what you or anyone else does; but when you ''blink'' or ''freeze'' and do nothing; while these stocks ''dare'' someone to buy - I will act and I will buy selectively; slowly building a long term value oriented portfolio filled with great companies purchased at lows in a market capitulation - Thanks, I appreciate the opportunity. 10 years from now; I will be smiling...
So much about nothing. The market is still up 10% for the year; or 17% on an annual basis and the World is coming to an end ! - ? Interest rates are low, inflation is non-existant, America is leading the world... Are we in a correction? - sure; was it due? - sure it was. Is it time time to dump stocks ? - NO. There are sectors which are immune to Asian flu etc. simply rotate into sectors that are undervalued or not exposed to Asian volatility. Metz's article was excellent. Oils will see a rotation soon, very soon. These are the times when fortunes are made - some see opportunity; some see nothing but fear...
For me; I'm accumulating a very substantial number of shares in companies like RIG, EVI, FGII, RDC, some smaller caps that have done well in the face of the sell off like OMNI & HLX; and now am buying individual stocks that sell off on excessive 1 day dips like BDI and DRQ recently; in addition to some small-mid cap E&P stocks. I think I'll do all right... In 3-5 years, we'll see how I did compared to the overall market.
PS; keep crying, sniveling, whinning and selling ! |
