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The stock market is not doing well at all. Are you buy and holding in the hopes that your stocks will be at break even or better again? Are you selling some of the losers that have further to drop OR are you just short selling?
I am trying to figure out how I can stomach the major drop in my stocks the past month. I have 6 stocks including BAC and GES that have dropped more than 10 percent since I have bought them. The stocks I have short sold have been winners of course. Advise please!
My long positions on uranium, alternate energy and rare earth are 50% devalued. Mostly on negative sentiment on uranium. Am holding the bag. God only knows how many more years.
But my short term positions have been giving me good returns in terms of daytrading, or buy and sell within a span of 2 to 3 days.
My biggest profit maker the last few months have been my option contracts.
I think I have found a way to dance around a cyclical bear market, and it's here to stay for 2 to 3 more years. Sorry, longs
I'm hanging onto F and S because I strongly feel that they are solid stocks that are just getting battered by a terrible overall economic sentiment. But all of these European shenanigans are worrying me... I've lost about 10% on each so far.
If you have the time and inclination to swing trade (1-4 day positions) then I think it would be wise to cut your losses on stocks like BAC. I only concentrate on a few stocks at a time because I think there is way too much information to digest with any more. Realistically, the market isn't valuing stocks like BAC fairly based on tangible value (although we don't know the extent of the liabilities). Ya, they have a ton of exposure to the real estate/the overall economy but I really think the earnings power of BAC/Merrill/Countrywide is going to dominant when/if the economy turns around. Until then, its going to trade in lockstep with the economy and or up/down on industry/company news. It's very new centric.
What's my strategy? Swing trade Bank of America until the economy turns around but also look for opportunities to get into accidentally high yielding stocks. Holding onto BAC for 3 years to hit a 300% gain isn't worth it in my opinion.. a lot more money can be made within that time.
I think sprint is a loser though. Not sure on ford. Didn't know people invested in GES. It's all gambling at the end of the day anyways
Sprint is turning around their postpaid subscriber losses and is a major player in the prepaid market with both Boost and Virgin. They have a strong 3G network. Their customer service has improved massively in the last 3-4 years. And they've finally got a highly competitive phone lineup with a variety of Android phones plus the upcoming iPhone 5 (if the rumors turn out to be true). I think that the perception of Sprint lags behind the reality by quite a bit.
I don't think Ford needs much justification at this point. They are simply selling a ton of cars, and their subcompacts are leaders in their respective segments (Fiesta and Focus).
If you have the time and inclination to swing trade (1-4 day positions) then I think it would be wise to cut your losses on stocks like BAC. I only concentrate on a few stocks at a time because I think there is way too much information to digest with any more. Realistically, the market isn't valuing stocks like BAC fairly based on tangible value (although we don't know the extent of the liabilities). Ya, they have a ton of exposure to the real estate/the overall economy but I really think the earnings power of BAC/Merrill/Countrywide is going to dominant when/if the economy turns around. Until then, its going to trade in lockstep with the economy and or up/down on industry/company news. It's very new centric.
What's my strategy? Swing trade Bank of America until the economy turns around but also look for opportunities to get into accidentally high yielding stocks. Holding onto BAC for 3 years to hit a 300% gain isn't worth it in my opinion.. a lot more money can be made within that time.
I think sprint is a loser though. Not sure on ford. Didn't know people invested in GES. It's all gambling at the end of the day anyways
I could have got another round of Jan 7.5 puts. But with the incredible profits from the last cycle, I moved on to middle of the year puts and calls. And they aren't moving much owing to the sizeable maturity between now and then.
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