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IBDvalueinvestin (99.68)

Many stocks hitting Nov. 21 lows again today, buy or sell

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February 23, 2009 – Comments (8)

thats the question, stuck between a rock and a hard place.

8 Comments – Post Your Own

#1) On February 23, 2009 at 10:51 AM, IBDvalueinvestin (99.68) wrote:

I am Wondering what the Tax refunds in March - April will do to stocks? I can't imagine that they won't put an upwarde pressure on  stock prices. Especially after the worst start to a year after two months in 30 something years.

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#2) On February 23, 2009 at 11:08 AM, IBDvalueinvestin (99.68) wrote:

My refund of $8,996 is coming direct deposit on March 5th.

Not a a really big amount but if every family gets something similiar, thats an alot bigger stimulus than Obama's $400 tax cut. 

$400 tax cut for the year, lol Big freaking deal.

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#3) On February 23, 2009 at 11:16 AM, maxhoffa (< 20) wrote:

 * buy or sell* 

 

neither yet . . . wait for the market to show some direction at this point . . . anything else is just guesswork 

 

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#4) On February 23, 2009 at 11:19 AM, IBDvalueinvestin (99.68) wrote:

Max a sideline position? Very interesting.

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#5) On February 23, 2009 at 11:52 AM, nthought (< 20) wrote:

buy.  A rally is near. 

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#6) On February 23, 2009 at 1:11 PM, maxhoffa (< 20) wrote:

a rally could still be 1000 pts away.  

you just don't know.

at least i don't. the market has done nothing but drift down for weeks now.  i'm not going to bet my cash that today or tomorrow or the next day is *going* to be the time to get back in.  i'll let the market make that decision.

 lookit  . . . any significant rally from here is going to take us back up to what, 9-10k? we're at 7K and drifting lower.  heck, a month fron now we may be hoping to rally to 7K.  you just don't know.

i'll be happy to sit out the first few days of any rally and catch 50 or 75 percent of the climb.  i'll let others speculate as to where the bottom is at while it happening. stocks still look overvalued to me.  

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#7) On February 23, 2009 at 1:22 PM, einniv1234 (< 20) wrote:

I wish I had more to invest than I have. This looks pretty insane to me. I know things are bad but what has happened recently to justify this? Nothing that I can see. Nothing has gotten so much worse that this sell off makes any sense.  In fact some indicators were even starting to look up. When good news creates massive sell off I say buy.

 

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#8) On February 23, 2009 at 3:32 PM, maxhoffa (< 20) wrote:

don't react to news, react to the market.  if the market is falling, stay out.  when it starts to climb, get in but keep your stops close.  when it finally starts to rally on strength, get in for good.  your gains are going to be somewhere along the lines of 50% market, 30% sector, and 20% company for the most part.  trying to climb in a sinking market is a very hard thing to pull off.

 

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