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FreeMarkets (96.47)

The Time to Buy is Now

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4

October 28, 2009 – Comments (8) | RELATED TICKERS: SPY

I said I'd buy into this market if the S&P dropped by 1.5% today.  It did, I'm in and so should you.

8 Comments – Post Your Own

#1) On October 28, 2009 at 3:22 PM, cdulan (90.94) wrote:

????

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#2) On October 28, 2009 at 3:25 PM, goldminingXpert (29.55) wrote:

The time to buy "puts" is now... though prices are rising fast.

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#3) On October 28, 2009 at 3:32 PM, IBDvalueinvestin (99.68) wrote:

goldminer do you have a concious? Why would you tell people to buy PUTS after the market has already corrected  10% buying puts now is a sure way to lose more money.

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#4) On October 28, 2009 at 3:36 PM, anticitrade (99.65) wrote:

I think things will get worse before they get better.  I am not selling, just holding my new money on the sidelines for a few days.

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#5) On October 28, 2009 at 3:42 PM, prose976 (< 20) wrote:

I believe you're on to something FreeMarket.

 +1 rec.

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#6) On October 28, 2009 at 3:43 PM, FreundInvesting (29.49) wrote:

IBD - some people think we're going to correct way more than 10%. Why on earth does GMX having that opinion make him a bad person? You could say the same about FreeMarket suggesting that the time to buy is now after a 50% rally off the March lows. You should probably reflect on the bias you have just shown; it may make you a better investor.

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#7) On October 28, 2009 at 3:44 PM, goldminingXpert (29.55) wrote:

To be fair, I am selling some November puts on the QQQQ and Conoco I acquired on Monday, however I am rolling the profits into bankruptcy puts on major banks such as WFC and USB.

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#8) On October 28, 2009 at 4:37 PM, cbwang888 (25.41) wrote:

How can you buy now if the evil duo GS and JPM are shorting the market?

GS cut down GDP growth. They probably think the rate of USD dropping is slowing down.

JPM is shorting precious metals like silver ...

 

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