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IBDvalueinvestin (99.67)

Can't trust the Market going Long after Yesterday unless they fix problem.

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May 07, 2010 – Comments (4)

How can anyone invest going long now after what happened yesterday. No stop loss was safe, none.

http://finance.yahoo.com/news/HighSpeed-Trading-Glitch-nytimes-2899612711.html?x=0&sec=topStories&pos=2&asset=&ccode=

4 Comments – Post Your Own

#1) On May 07, 2010 at 9:43 AM, IBDvalueinvestin (99.67) wrote:

The Jobs numbers is not the best since 2006 if you exclude one time job gains from the TEMP jobs by census.

 The financial gurus could have fooled me and many others back in the day before the internet on today's numbers but things have changed, we have numbers at our finger tips now with the internet.

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#2) On May 07, 2010 at 9:47 AM, BlackshearFund (< 20) wrote:

Unless it's a spec play (in which case it's a very tight stop) I don't use stop-loss orders.

My long value plays I'm sure in, I don't set a stop loss for those.  They have intrinsic value above the stoploss point, otherwise I would not have selected them..

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#3) On May 07, 2010 at 9:49 AM, ChannelDunlap (< 20) wrote:

You could just not use them and rely on your own dilligence to alert you when it is time to sell. 

"How could anyone invest going long..."?  I have no problems.  If I thought there was a deal to be had I'd jump in with both feet.  I don't use stoploss, therefore yesterday's "dip" was little more than a WTF moment.

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#4) On May 07, 2010 at 10:22 AM, IBDvalueinvestin (99.67) wrote:

Guys the worries are real now and getting worse after small time country GREECE because much bigger Shoes are next in line:

Go to All CASH before the Next much Bigger Shoe Drops.

http://www.dinocrat.com/archives/2010/05/07/after-greece-whos-next/

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