Jump to content
Sign in to follow this  
abenjami

I'm going to liquidate my portfolio

Recommended Posts

I have no doubt. But if you're going off history, it's also true that this market is legit fucking crazy.

Share this post


Link to post
Share on other sites
OILERMAN   
23 minutes ago, Jamalisms said:

 But if you're going off history, it's also true that this market is legit fucking crazy.

image.png.759233122d362f38fd0968042ee1be27.png

Share this post


Link to post
Share on other sites
Number9   

I started watching MAXR a few weeks ago.  I took a full position in it on a spike up at the high of the day 5/3/19, 6.50.  I regretted not starting sooner.  I placed another order for a fall back in the 5's.  I bought again yesterday near the high @7.50.  I have seen stocks like this before, hesitation is a killer.  This security has a historical high in the 80's.  I hesitate to share because the market is fickle, but in my opinion this is an easy triple.  My plan is to double my original position, then sell half when I am up 100%.  I then let it ride.  I am already up 36% on my total investment.

 

These types stocks you don't know about until the story is over.  I have learned not to wait.  I still have my order to buy on a pullback to 5.50, but I doubt it's going to fill.

Share this post


Link to post
Share on other sites
OILERMAN   
On 7/24/2016 at 12:48 AM, abenjami said:

However, I can tell you three things for sure.

1.  At some point in the relatively near future, it will go down below 17,000 again.

2.  From a long term perspective, it will go back up afterwards.

3.  None of us are going to be able to time it perfectly.

People often get too wrapped up in advanced analytics that they miss the obvious and forget basic economic principles.  Buy low, sell high.  The market is higher than it's ever been right now.

I'm liquidating and waiting for the fall.  When the time seems right, I will dump my wad of cash back in at a lower price point.

We're a couple of weeks shy of this post being 3 years old. 

 

The market(Dow, which you used) was around 17k, it's now just barely under 27k. 

 

At this point it would take a 37% fall to get back down to 17k, certainly not impossible. The only question is how much higher will it go before we get another pull back. 

 

Rate of return for DOW:

 

2016: 13.42%

2017: 25.08%

2018: -5.63%

2019 year to date: 15.60%

Share this post


Link to post
Share on other sites
abenjami   
16 hours ago, OILERMAN said:

We're a couple of weeks shy of this post being 3 years old. 

 

The market(Dow, which you used) was around 17k, it's now just barely under 27k. 

 

At this point it would take a 37% fall to get back down to 17k, certainly not impossible. The only question is how much higher will it go before we get another pull back. 

 

Rate of return for DOW:

 

2016: 13.42%

2017: 25.08%

2018: -5.63%

2019 year to date: 15.60%

The question isn't how much higher, the question is how long until the pull back.

Share this post


Link to post
Share on other sites
OILERMAN   

There hasn't been a real pull back since 08. Now politicians and the Fed seem intent on making sure the markets keep going up with stock buy backs(the tax cuts), monetary easing and keeping interest rates low. 

 

How long can they keep doing it? 1 more year, 5, 10? Who the hell knows

Share this post


Link to post
Share on other sites
abenjami   
1 hour ago, OILERMAN said:

There hasn't been a real pull back since 08. Now politicians and the Fed seem intent on making sure the markets keep going up with stock buy backs(the tax cuts), monetary easing and keeping interest rates low. 

 

How long can they keep doing it? 1 more year, 5, 10? Who the hell knows

 

They can keep doing it until policy changes, something in the house of cards breaks down, or something crazy like another terrorist attack happens.

 

The last pull back was more than 50% in less than 18 months.  It all began when the housing market took a dump due to the subprime mortgages and the Fed having to bail out Fannie, Freddie, and a couple of large banks.

 

I certainly wasn't expecting it to take this long though, especially with Trump in office.

Share this post


Link to post
Share on other sites
OILERMAN   
55 minutes ago, abenjami said:

They can keep doing it until policy changes, something in the house of cards breaks down, or something crazy like another terrorist attack happens.

We've had Brexit, Trump getting elected, interest rate raises and tariffs threat, experts said those events might do it. Nada. 

 

It's usually something people don't see coming though

Share this post


Link to post
Share on other sites
Number9   
On 5/14/2019 at 2:05 PM, Number9 said:

I started watching MAXR a few weeks ago.  I took a full position in it on a spike up at the high of the day 5/3/19, 6.50.  I regretted not starting sooner.  I placed another order for a fall back in the 5's.  I bought again yesterday near the high @7.50.  I have seen stocks like this before, hesitation is a killer.  This security has a historical high in the 80's.  I hesitate to share because the market is fickle, but in my opinion this is an easy triple.  My plan is to double my original position, then sell half when I am up 100%.  I then let it ride.  I am already up 36% on my total investment.

 

These types stocks you don't know about until the story is over.  I have learned not to wait.  I still have my order to buy on a pullback to 5.50, but I doubt it's going to fill.

I added more today @8.85.  Plenty time left, weeks.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...