October 02, 2008
– Comments (4)
With the S&P 500 down so much since June, many of you may have picks that you greenthumbed, that you can close out with 5+ positive scores, lock in the accuracy and reopen for larger gains when they go back up.
Good point.....I could only do this with BRK-B......I simply dont have much else :) Everything is RED and red all around
did that with HP and PWE today.
I'm a buy-and-hold caps investor and that's a good part of the reason I'm down from 6200 points and a 70% accuracy rating to -1400 or so and 45% all on the last three months. Thank goodness I've been 100% in cash since January in my brokerage account. Have taken a huge hit in my oil and commodity oriented IRA (>50%) which I treat like CAPS, buy and hold (until confiscated by the government to pay off bad US debt-so its almost like the "play" capital in CAPS). Don't think I'll ever see much of it.
that's how you play caps people. When the market is down big take advantage of some of your dogs - close them out in the green.
THE KEY TO CAPS:
red thumb bad stocks at bottoms
- You'll getmore outperformance from a red thumb if the market rallies while your stock falls.
green thumb good stocks at tops
- Youl'll get more outperformance from your stock if the market falls while your stock falls less or goes up.