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MaxTheTerrible (86.16)

Licking my wounds...

Recs

3

August 08, 2011 – Comments (6) | RELATED TICKERS: DEO , IBM , AZZ

As I stare at my computer screen, looking at a 21% overall loss in my portfolio since the early July, it's hard not to have one of those "what if" moments. Should have locked those gains. Oh well... Deep breaths...

Keep telling to myself - I've been through this before - winter of 2008 - spring of 2009 still feels like yesterday. Although it was the most profitable 2-year period for me personally, it shook my investing discipline to the core.

The funny thing is, I though that next time I would be "more prepared" and stronger mentally. In some sense, I suppose, I am more prepared - I have few large cap dividend paying holdings like MSFT and INTC that feared better than most. But mentally this last week (and counting) still took a toll...

I have my buy list ready and the way things are going will likely start my buying spree this week. I would love to get my hands on DEO and IBM, for instance, but these stocks seem to be more stubborn than others and don't go down as fast to valuations I would like them to be at (I guess, that's the whole point). 

Here's my list. Feel free to give feedback. Buy when:

AAPL price hits $ 300
AZZ price hits $ 32.5 (already have a position at 37.5)
BP price hits $ 30 (same as above)
DEO price hits $ 70
IBM price hits $ 150
INTC price hits $ 15 (already have a position at 20)
NXG price hits $ 2.5
PAYX price hits $ 20 
PWER price hits $ 5 (already have a position at 8.5)
SCCO price hits $ 20
STO price hits $ 15
SYY price hits $ 20.5
USB price hits $ 15 (already have a position at ~10)
WDC price hits $ 25
WM price hits $ 25

Cheers,

Max.

6 Comments – Post Your Own

#1) On August 08, 2011 at 11:57 PM, MaxTheTerrible (86.16) wrote:

Forgot to add that I also have a position in WDC at ~30 (sigh)...

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#2) On August 09, 2011 at 12:13 AM, dwot (78.25) wrote:

Yuck on the 21% down...  My first time in the market with a financial advisor found me down about 40% 3 to 6 after entering the market, and then I had another that did little for me.  It was about a 7 to 8 year journey to end up back a where I started.

I have been concerned about how the debt plays out so I haven't been in the market.

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#3) On August 09, 2011 at 12:35 AM, cbwang888 (25.98) wrote:

Gold and silver can help

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#4) On August 09, 2011 at 1:29 AM, barich1 (64.10) wrote:

Feeling your pain.  I took a couple years off my life with the stress I went through investing during the crash in 2009.  Ended up with huge profits but they just went up in smoke this year.  Who knows where this one will stop dropping, DOW 6500 again?  If BP hits 30 I will load up on margin if I have to.

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#5) On August 09, 2011 at 10:11 AM, MaxTheTerrible (86.16) wrote:

Oh well... I guess I'll keep on dreaming... It just seems that every time Mr. Market goes down just enough to wipe out my gains, but not low enough for a good buy in point (ugrrrr!).

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#6) On August 09, 2011 at 11:30 AM, MaxTheTerrible (86.16) wrote:

Or maybe, just maybe the Bernank will come out and say that interest rates will be raised to control inflation and there is no chance in hell he'lI be printing more money...

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