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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5598)	9/25/2010 10:40:03 PM
From: rsie	Read Replies (2) \| Respond to of 10065

so i am curious, i would really like to see what people on this board think of investing in GLD at this point? sy is a buy at this point. Bob B. is a ? (he is not saying what he is doing but he is putting it in his newsletter.) I2?

To: Investor2 who wrote (5598)	9/25/2010 10:59:45 PM
From: Honey_Bee	Respond to of 10065

Well, I doubt that the "significantly higher" prices would have made anyone feel much better. Mar 11, 2009 721.36 Mar 10, 2009 719.60 Mar 9, 2009 676.53 Mar 6, 2009 683.38 Mar 5, 2009 682.55 Not that it matters, Brinker did not recommend selling at the bottom, just like he didn't recommend raising cash at the top. It was a roller-coaster ride. He only added "insult to injury" when he kept calling bottoms and issuing new gift-horse buying opportunities. Best regards to you and thanks for the discussion....Honey .

To: Investor2 who wrote (5598)	9/26/2010 11:09:04 AM
From: Kirk ©	2 Recommendations Respond to of 10065

"Re: "But why do you say that it would have been nearly impossible to have sold at S&P 676?" A few days before and a few days after, the market was significantly higher." The market hit 666 intraday and that was partially a result of people possibly calling Vanguard and asking to get out of their S&P500 fund. Vanguard would sell during the day to raise cash and then credit the account with the closing value. Not that I have any experience, I was a buyer near the bottom (GE at $6.76 and FNSR at $1.92), but I think it was very possible many panicked out at that price. regards Kirk out