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makingithappen (27.91)

I Couldn't Take It Another Day

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July 02, 2008 – Comments (3) | RELATED TICKERS: CPRT , SMS

I sold off two positions yesterday morning, and today I'm sure glad I did.  I got out of both with a small profit, and today those two stocks are still sliding downward.  I just couldn't take another day of waiting and watching this horrendous market.  Call me a wimp.  Call me a bear.  I don't care.

3 Comments – Post Your Own

#1) On July 02, 2008 at 2:06 PM, andrikos23 (< 20) wrote:

I did that with a few tech stocks. Made a couple of bucks.

The rest of my stocks are bloodied and battered.

I bought some UltraShorts to hedge the bloodbath that is to follow...

This is a terrible short term maket but I bet it'll look great in retrospect. I.e. bargains abound.

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#2) On July 02, 2008 at 4:01 PM, ctojeira (89.56) wrote:

In your profile, there's a setting for risk tolerance.  You have yours set to medium.  I recommend setting it to low.

 

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#3) On July 07, 2008 at 2:58 PM, makingithappen (27.91) wrote:

This had nothing to do with risk tolerance and everything to do with capital preservation.  I took profits and I'm sure glad I did.

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