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janis1023 (42.84)

Up, down, all around, this market & talk of a crash is making me crazy!

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July 28, 2009 – Comments (8) | RELATED TICKERS: GMO , RAE

I am a novice at this but trying to learn as much and fast as I can.  But I see this could take years.  I have 1700 shares of GMO and 2000 of RAE.  I have a full time job so cannot pay full attention to my portfolio.  So this morning I was up almost 700.00.  I thought maybe I should sell and take the profit, buy back in if it goes down. 

 But what if they keep going up?  What if I can't get back in?  They seemed so so hot I didn't and got busy with other things. 

Next time I checked  I was only up about 150.00 and am seeing a lot of red on my watch list.  I'm thinking well if you didn't take 700.00 why would you take 150.00 now?  Because maybe today will be Armagedon like some fools have been warning about and I could lose the whole thing!!!!!!

 But I'm investing to make money.  Not to sell when it's up and then sell when it's down is stupid.  The brain is now whirling and I'm scaring myself, then I had to get back to work.  

 By the end of the day I'm down 600.00.  I do have the back up to cover, but what if I'm wrong?  Then I am throwing good money after bad.

Any thoughts or guidance from the more experienced? 

8 Comments – Post Your Own

#1) On July 28, 2009 at 9:57 PM, PeteZar (48.85) wrote:

Don't become greedy. A profit is always better than a loss, even if you miss out on the possibility to yield a larger one.

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#2) On July 28, 2009 at 10:00 PM, barbarosssa25 (26.42) wrote:

no one ever got hurt by taking profit.... you can play the what if game all day and night. It is basically impossible to buy at the absolute bottom and sell at the absolute top on any stock

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#3) On July 28, 2009 at 10:25 PM, ozzfan1317 (< 20) wrote:

If you are going to try to take profits then do not hesitate to do so. I  plan on holding most of my shares indefinately unless business fundamentals change. However if you dont have time to constantly study businesses you own then never think twice about taking profits.

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#4) On July 28, 2009 at 10:55 PM, janis1023 (42.84) wrote:

Thanks for putting this in focus.  I obviously have unrealistic expectations!   As you can imagine I've kicked myself all night.

Do any of you (other than Alstry) really believe we are heading for a crash?

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#5) On July 28, 2009 at 11:12 PM, topsecret09 (20.98) wrote:

   I totally understand what you are talking about,and It really depends on the individual. First off,before you buy a stock,really do your homework.... Find out everything you can about the company. Use the Internet to your advantage, There Is a wealth of Information out there to help you make the right decisions. Have the company send you an Investor package If It Is available.... Most companies will be glad to send you the Information that you desire.  Go to yahoo finance and look up all the pertinant financial Info on the company your looking at. See If company INSIDERS are buying their own stock Look at the companies projected earnings In the coming months and years.While this Info can vary widely,It can help In your longer term view of the company. When you buy a stock,have some kind of a timetable In mind. Also have In mind what percentage return you are looking for that would possibly trigger a sale at a decent  profit. Say you buy a stock at 4.00$ per share and you would be happy with a 20% return on your money. Basically you would hit your target at about 4.80$ (not counting commissions) Trying to trade In and out of stocks Is not something I would recommend,unless you can devote a lot of time to It,and you have the knowledge and experience to do so. I will list some web sites that I use,and you should find some of them helpful as you learn about the many great opportunities out there to make some extra cash. Do your homework,believe In what you are doing,and be patient. You may be suprised at just how many good quality companies are out there flying under the radar....  Jim   http://www.mysmartrend.com/  http://moneycentral.msn.com/investor/home.aspx  http://bigcharts.marketwatch.com/  http://www.nasdaq.com/  Good Luck... Tell me If you pick a good one.......

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#6) On July 28, 2009 at 11:29 PM, topsecret09 (20.98) wrote:

   Heres something to chew on..... LOL........   http://w3.newsmax.com/a/jun08/

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#7) On July 29, 2009 at 4:45 AM, janis1023 (42.84) wrote:

Topsecret09.  Your first post was so supportive and clear, and I thank you.  But the second post?  Any media source that features Ann Coulter tells me all I need to know, since she is so ugly spirited and a full-on liar.

So, if I pick a good one I will let you know and I hope to be friends, but please do not send any republican propaganda this way because I find it offensive. 

 Thanks and good luck.

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#8) On August 21, 2009 at 9:23 PM, topsecret09 (20.98) wrote:

  The newsmax article was Intended to be funny In that It refers to a CRASH that you have In the title of your blog....  nothing more,nothing less.    How about this one Instead. Maybe even some logic to It.........   http://www.businessinsider.com/henry-blodget-gary-shilling-still-filled-with-unrelenting-gloom-2009-7     

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