2007-08-15 13:00:43 · 14 answers · asked by preciselyright 3 in Business & Finance ➔ Investing
Nibbling. I see some real deals and want to take advantage of them. I think this downturn will extend to early October, so I'm keeping some powder dry.
I'm also switching. I have some SPYDERS. I'm willing to sell some of those to build a position in something that is cheap. When things reverse and the market moves up, I'll undo the trade.
2007-08-15 13:52:32 · answer #1 · answered by StopSpending 5 · 1⤊ 0⤋
I am always buying. I pay no attention whatsoever to market conditions. I spend equal amounts on stock at regular intervals...if the market is down, it means I get more shares, if it's up, I get less. I don't have to think about it.
This strategy, applied to the ten highest-yielding Dow components, has yielded an overall average annualized return of over 17% a year since 1973.
2007-08-15 14:01:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A little of both. I'll say shorting more so far by about 2-1. Goin short is a much easier read in this type of mkt,but its very capital intensive.There may be an opportunity to buy, but thats big secret.Even the masters get fooled on market turns.
2007-08-15 17:05:44 · answer #3 · answered by frith25 4 · 0⤊ 0⤋
BUY, BUY, BUY
Lots of stocks are currently undervalued and " on sale "
buy cheap sell for profit. Find a strong company that's not going under, than buy wait 6-12 months and you should see some profit
2007-08-15 17:35:09 · answer #4 · answered by Armani 1 · 0⤊ 0⤋
Both. (I am a Portfolio Manager with over a decade of experience in the Stock Markets)
2007-08-15 13:23:49 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Possibly both.
I bought some Apple two days ago and will probably buy more.
I may also cash out of some companies early next week after the options I've written on them expire.
2007-08-15 14:31:54 · answer #6 · answered by Adam J 6 · 0⤊ 0⤋
Personally i have been and am still shorting....we are not at the end of this correction. Who knows to what extent the current credit crunch is extending into the bottomeline as financial firms surely don't even know yet.
2007-08-15 16:05:30 · answer #7 · answered by D. Foreal 2 · 0⤊ 0⤋
Buying! In some areas VERY Selective. Some of these prices are just too good to pass up.
And Biz I wouldn't your two choices with HILLARYS money!
2007-08-15 13:55:49 · answer #8 · answered by Anonymous · 0⤊ 1⤋
buying. i bought the following this morning.
1) AMTY 200 shares
2) AMGI 300 shares
i got about $15,000 ready to go to buy more.
2007-08-15 13:06:24 · answer #9 · answered by bizzbagg 4 · 0⤊ 0⤋
I wait a while longer yet, but then I be buying with both hands and feet
2007-08-15 14:13:19 · answer #10 · answered by Anonymous · 0⤊ 0⤋