New Poll up on the website - email subscription readers please join in and respond...
There will come another time when commodities will act like a strong sector again, like say (ahem) financials... how will you respond?
Q: One day, Commodities will Reverse and Bounce - What Will You Do? (3-6 month time frame)
A #1: I'm a buyer into the bounce - the reversal will signal a bottom; what a steal to buy at these prices
A #2: I'm a seller of that bounce, the story is over - it was fun while it lasted
Wednesday, July 23, 2008
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12 comments:
A #3: Exhale
A #4: Dilute my Koolaid with the best cheap bourbon that I can still afford
I like your polls. But, again I have to offer another answer. #3 (oops, just noticed previous comment with #3 so..)
#4. I continually bought through the collapse as "it can't drop any longer!" seemed to rule my thoughts. Now I have no cash to buy the bounce and I'll just wait for 2010 to get back to even!
Thanks for bringing it up again!
Dad gum, make that #5!
sorry link; at least, I can say, this market has improved my "trigger speed" on the keyboard
:)
thanks for the laughs guys. Link I actually raised cash as you can see the past 48 hours - the question is - do I dare apply it. Every purchase I make the past 2 weeks is an immediate loss if it doesn't have the word "Financial" in it, so why bother for now.
Actually I just emailed a few people who have been doing very well over the long run and I am getting the same feedback across the board - July is shaping up to be their worst month in a long time. Ironic. Somewhere a bunch of financial sector mutual fund managers are finally able to drink Kool Aid in peace.
seriously - I don't buy the kitchen sink thesis; the odds are that in 3-4 weeks we are back on the down trend; if not, there will be time enough to reverse course [providing I take my time and layer my entries in the mean while]; just my take and what I am comfortable with
I am as loaded as everyone else with commodity stocks (4 years). Is it possible this is the turn and we have missed it. This move (financials) seems a lot stronger than the past ones and the fed is behind it. Sweating bullets here.
#1.. I'm back in.... I think this is a correction and commodities have a solid basis.(Financials.. Please!) .. However, it does my heart good to see everyone else taking it on the chin as well...Nice to know it's not just me... God! The number of times I've been stoppped out of RIO, And I hate to even look at CGMFX.... Geeze!
Thx jegan ;-)
The charts are a disaster. Every move I bought yesterday got pounded. One day reversal will be powerful but the next day follow through on VOLUME will be the sign for me. I was half in cash before monday. I missed half the bounce. Was 75% on tuesday, 100% yesterday and on my knees praying to the almighty for a good thursday cause as usual I am too early. I always get in a day or two too early. I have that sickening feeling in my stomach as if I am going to get pounded again today. I was up 30% for the YTD before the commodity melt down. I gave back 50% in the last two days. No I AM NOT DIVERSIFIED. POT reported an amazing quarter and raised, I am sure HF's will find something wrong with it. The pain the pain (not the plane the plane, Fantasy Island; reference for the younguns)
Correction: was 75% in on tuesday and 100% in as of yesterday, I have no mo dough
sliman if you believe the economy is coming back in 6-9 months, you missed the turn.
I don't believe that, so I don't feel like I missed any turn aside from the CNBC relief we finally got a rally turn.
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