Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (3387)	9/2/2015 12:10:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26649

I've ALREADY done most of my buying at pretty much lower prices for all. Of course, I had some at higher prices as this bear market for many stocks was way ahead of the overall market. I think we were in the "shooting the Generals" phase which is how I got our favorite at $25 on the panic. I believe I started to add at $30 so I feel well holding off from the high at $38. I did really, really well with the Fidelity Select Biotech fund where I took out about twice what I put in and still hold almost 3x my original investment. I took profits three or four times at higher prices (hard to calculate with splits) and have not put any back in but perhaps I'll take a shot at it today for a small amount. I remember from the Internet bubble that I was able to make money trading LRCX with the massive ups and downs even as it crashed with many other chip related stocks... so if this is a top like 2000, it will probably be a good idea to be conservative. BUT... if it is a pullback like we had in 1997 from the Asian Contagion, then a lot of money is yet to be made. Hence, I'm thinking of adding again. I already added to the individual biotech stock in my explore portfolio that was in a horrible bear market, testing very long term bear market low trend line and the good news there is it is still up about 10% where I got significantly more shares on the massive sell-off day. (there I go.. jinxed that buy too!) Good luck!