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  #1  
Old 06-17-2009, 11:07 AM
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Default Market correction or selloff ?

Whatever it is my stop loss sells kicked in today I am all cash right now.I am debating whether to buy back in later today or wait a couple of days.The CPI data didn't help New data from the Commerce Department showed the biggest annual drop in consumer prices in nearly 60 years, and FedEx, which is often viewed as a key indicator of the demand for goods, issued a gloomy outlook..The question looms buy back today and catch a rally tomorrow remember this is day 3 of the correction will Thursday make it 4?..
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Old 06-17-2009, 11:24 AM
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Default Re: Market correction or selloff ?

Your guess is good as mine....HOWEVER....in these past few months these sell-offs are usually followed by buyers coming in to get bargains.

Sorry....I gotta move your post as the stock forums are only for specific picks. This post is more general in nature.
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Old 06-17-2009, 11:39 AM
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Default Re: Market correction or selloff ?

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Originally Posted by BadThad View Post
Your guess is good as mine....HOWEVER....in these past few months these sell-offs are usually followed by buyers coming in to get bargains.

Sorry....I gotta move your post as the stock forums are only for specific picks. This post is more general in nature.
NP Itchmiester I thought it might be in the wrong section, but i think your right more money from the side lines will come in.
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Old 06-17-2009, 11:46 AM
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Default Re: Market correction or selloff ?

Forgot to ask....why you using those blasted stops? I swear they were invented for MM's to screw you out of your shares. Sometime I'll tell you my horror stories about using stops.
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Old 06-17-2009, 10:36 PM
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Default Re: Market correction or selloff ?

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Originally Posted by BadThad View Post
Your guess is good as mine....HOWEVER....in these past few months these sell-offs are usually followed by buyers coming in to get bargains.
I LOVE bargains, find a solid co thats trading for pennies on the dollar-load up-wait for the spike-and FREE RIDE. The trick is finding where the downtrend ends!!! My account isnt really down as much as I expected- I've been working 12 hr days lately-(cant watch my account) VMC is selling rocks again-imagine that?? Road projects and several NEW subdivisions (homes) going in... Actually we're hauling MORE this year than last. JMO lots of folks are pulling profits causing a chain reaction- good for the LONGS (me)- How many times has our economy NOT recovered- people get nervous with bad news and pull out.
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Old 06-20-2009, 12:04 PM
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Default Re: Market correction or selloff ?

Quote:
Originally Posted by newmny65 View Post
I LOVE bargains, find a solid co thats trading for pennies on the dollar-load up-wait for the spike-and FREE RIDE. The trick is finding where the downtrend ends!!! My account isnt really down as much as I expected- I've been working 12 hr days lately-(cant watch my account) VMC is selling rocks again-imagine that?? Road projects and several NEW subdivisions (homes) going in... Actually we're hauling MORE this year than last. JMO lots of folks are pulling profits causing a chain reaction- good for the LONGS (me)- How many times has our economy NOT recovered- people get nervous with bad news and pull out.
Indeed....the bottoms haven't been too tough to find compared to a normal market. I've gotten it "close enough" many times through this mess....more times then I've been burned. This is my retirement fund, so I have plenty of time. My whole trick is figuring out when to pull out all of my money and put into something safe. Hopefully, I'll have a LOT of gains from the market when that day comes.
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Old 06-20-2009, 01:12 PM
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Default Re: Market correction or selloff ?

I think a lot of stocks rallied up these past months and a correction should come once, no?
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