[Sampson]

With the recent market rally - are you tempted to cash in and go to the sidelines?

Some industries have bounced >75% from the lows (Ag/fertilizers stocks), the CAD life-co's are up almost 50%, banks have recovered a lot etc.

No one has shown any real ability for sustained growth in this environment, we know both consumers and financial institutions are not spending - the major root of this down turn (tight credit) is still around.

I'm not bearish per se, certainly no bullish - I just think it'll take a long while before things start chugging. So, any of your tempted to sell, now that markets have recovered substantially? I know I'm tempted, don't know if I'll do anything though.

 

[CanadianCapitalist]

With the recent market rally - are you tempted to cash in and go to the sidelines?

I'm fully invested as always. We are getting largish refund this year and would love to have another market correction!

 

[archanfel]

Tempted, yes. Doing it, no.

I tends to stick with my investment schedule no matter the market condition.

 

[Rickson9]

With the recent market rally - are you tempted to cash in and go to the sidelines?

No. My wife and I don't like the idea of cashing out - especially since we don't need the cash. We have found that 10 years of gains significantly outweights any fast short term price increases.

Some industries have bounced >75% from the lows (Ag/fertilizers stocks), the CAD life-co's are up almost 50%, banks have recovered a lot etc.

Our stocks have run up 30% in a month. We don't expect that rate of growth to continue, but we won't sell either.

http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined

http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined

I'm not bearish per se, certainly no bullish - I just think it'll take a long while before things start chugging. So, any of your tempted to sell, now that markets have recovered substantially? I know I'm tempted, don't know if I'll do anything though.

When prices are low and falling we are VERY bullish. When prices are high and rising we are VERY bearish. At the moment we find ourselves to be bullish far more than bearish. A year ago it was the opposite.

 

[thecomingdepression]

No. My wife and I don't like the idea of cashing out - especially since we don't need the cash. We have found that 10 years of gains significantly outweights any fast short term price increases.



Our stocks have run up 30% in a month. We don't expect that rate of growth to continue, but we won't sell either.

http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined

http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined



When prices are low and falling we are VERY bullish. When prices are high and rising we are VERY bearish. At the moment we find ourselves to be bullish far more than bearish. A year ago it was the opposite.

You may want to view this Economic Advisor by the name of Martin Armstrong, if he is right, we will see a catastrophic event on April 20-23. He has predicted, with his mathematical economic model, many events that have happened. He is currently in JAIL because he refused to turn over this "model" to the US government. The Government claimed he was controlling the world markets. Goldman Sachs was the main whiner. Martin got 5 yrs in prison, if you can believe that! It must have some HUGE economical meaning for the government to put him away. I have read entire articles over the years and they are incredibly ACCURATE and SCARY..He just wrote one in the last few weeks I have it on my blog...We'll see how accurate he is over the next few days!

 

[Bullseye]

Everyone got their tinfoil hats on?

 

[Sampson]

Who needs tin foil hats?

I got a machine that recycles urine and a couple of shotguns.

 

[ethos1]

You may want to view this Economic Advisor by the name of Martin Armstrong, if he is right, we will see a catastrophic event on April 20-23. He has predicted, with his mathematical economic model, many events that have happened. He is currently in JAIL because he refused to turn over this "model" to the US government. The Government claimed he was controlling the world markets. Goldman Sachs was the main whiner. Martin got 5 yrs in prison, if you can believe that! It must have some HUGE economical meaning for the government to put him away. I have read entire articles over the years and they are incredibly ACCURATE and SCARY..He just wrote one in the last few weeks I have it on my blog...We'll see how accurate he is over the next few days!

report back on the 24th and update us on what happened

If Armstrong is correct as you say, then everyone should be buying PUTS or shorting stocks

Tin hats - not allowed

BTW, do you have any idea or any details of the catastrophic event?

 

[Rickson9]

You may want to view this Economic Advisor by the name of Martin Armstrong, if he is right, we will see a catastrophic event on April 20-23. He has predicted, with his mathematical economic model, many events that have happened. He is currently in JAIL because he refused to turn over this "model" to the US government. The Government claimed he was controlling the world markets. Goldman Sachs was the main whiner. Martin got 5 yrs in prison, if you can believe that! It must have some HUGE economical meaning for the government to put him away. I have read entire articles over the years and they are incredibly ACCURATE and SCARY..He just wrote one in the last few weeks I have it on my blog...We'll see how accurate he is over the next few days!

I don't pay attention to predictions because I don't believe in predicting the future. If I did, I would also believe in fortune tellers... but perhaps I should pay more attention to fortune tellers who use 'mathematical economic models'? Yea, math definately lends more credibility to my fortune teller...

 

[ethos1]

I don't pay attention to predictions because I don't believe in predicting the future. If I did, I would also believe in fortune tellers...

my wife can predict almost anything and be 100% wrong

 

[takingprofits]

With the recent market rally - are you tempted to cash in and go to the sidelines?

Some industries have bounced >75% from the lows (Ag/fertilizers stocks), the CAD life-co's are up almost 50%, banks have recovered a lot etc.

I am looking at it on a stock by stock basis. Some stocks may just be due for a short pullback and not a retest of lows. Others look like they will soldier on.

If a stock has had a long run the time for me to sell is when it closes below the trend time or below the 20 day moving average. Sometimes I get spooked earlier though given the behaviour of this recession.

I actually sold a few going into last weekend expecting a bigger pullback than we got and bought a few that had pulled back yesterday and today - and probably tomorrow.

 

[confusion]

I cashed in my SDRSP account (as in "sold all my equities") and was very pleased upon doing so as I was able to realize a large gain in the span of less than 5 years - I had basically exceeded my investment goals.
I needed to put aside a chunk of money for the HBP anyways, so this was as good a time as any.
Now the question is, when do I get back in?

 

[Rickson9]

Now the question is, when do I get back in?

My wife and I hate this question; we're not smart enough to know the answer - which is one of the reasons we never get out.

 

[Rickson9]

My wife can predict almost anything and be 100% wrong

When I try to make predictions I usually come out with the same record.

 

[mfd]

I'm tempted to sell. I'm fully invested right now and am finally back in the black. Its hard not to since I'm up a lot on a few of my purchases (ing 130% and USB 70%). Right now I'm just waiting on BAC to announce and I'll decided then.

 

[ethos1]

Right now I'm just waiting on BAC to announce and I'll decided then.

annouce what?

and when you do get into BAC will it be buy & hold, since they currently are paying no dividends

 

[mfd]

annouce what?

and when you do get into BAC will it be buy & hold, since they currently are paying no dividends

BAC is announcing earning on the 20th. I already own BAC and am enjoying that 1c dividend . I just haven't decided if I want to sell if the news is half decent.

 

[ethos1]

BAC is announcing earning on the 20th. I already own BAC and am enjoying that 1c dividend . I just haven't decided if I want to sell if the news is half decent.

sometime after the 20th April have you considered doing a long covered call then taking the premium to buy more stock.

Whether its worth doing or not depends on you average price, right now the call option $12.50 JAN 2010 is paying over $2.50

 

[mfd]

ya might be worth while. My average price is about $10.20. I wouldn't mind selling 700 shares as covered calls.

 

[ethos1]

ya might be worth while. My average price is about $10.20. I wouldn't mind selling 700 shares as covered calls.

at end of day BAC closed up at $10.60, then after hours it popped to $10.96

The $12.50 call options last trade

Jan 2010 last $2.74
Jan 2011 last $3.20

After seeing what Citi reported today, BAC's results next week may see the stock go either way. My guess is above $11 - $12