Best time to get out? 10am or 4pm?

[stockwhizben]

Hi guys,
Planning on selling out today. Is there a best time for me? eg right at the open, lunch time, just before market closes (to see if things improve during the day).


hope this is in the most appropriate forum.

much appreciated

Ben

 

[Lucky_Country]

Just hold on maybe a rough ride but surely must be nearing the bottom.
Aus reporting season starting soon hope that will give the market a lift with no casualties.

 

[Spaghetti]

I am also trying to figure out what to do today. I am leaning a little to buying on open a parcel equal to existing holdings and selling later so that still have same size parcel but at lower price. If the price keeps falling however maybe be quite unhappy with myself.

I do think we will see far more panic on open than later in the day but some shares are doomed forever now, so it also depends on whether the stocks could be in demand later in the day.

I was very good and had very few shares but then went buying too soon, so perhaps I should just admit I am not reading this well atm lol.

Still I never sell on a panic morning, usually works out but on the rare evil days it just gets worse as the day goes on.

I may just watch the first hour to see signs of slowing volume, if no sign then I may get out. Each to their own at times like this.

 

[Nyden]

Just hold on maybe a rough ride but surely must be nearing the bottom.
Aus reporting season starting soon hope that will give the market a lift with no casualties.

Lucky_Country that sounds almost like advice.

This young man has obviously already made his choice,
Giving advice is not allowed, he asked a simple question, & expected a simple answer :

Please understand that many people are sitting on substantial losses, & to say 'hold on' is unfair, you nor I no where the bottom is, we could have another 11 days of falls, we could hit drastically lower then where we are now.

It's a difficult one, it's a gamble, really - sometimes the open can be far less damaging than the rest of the day; yesterday is a prime example. Whilst other days, the open can be far worse...but, if I were that confident that the markets were 'doomed', I would be trying to limit my market exposure even by the hours, but that's just me

 

[Lucky_Country]

Lucky_Country that sounds almost like advice.

This young man has obviously already made his choice,
Giving advice is not allowed, he asked a simple question, & expected a simple answer :

Please understand that many people are sitting on substantial losses, & to say 'hold on' is unfair, you nor I no where the bottom is, we could have another 11 days of falls, we could hit drastically lower then where we are now.

It's a difficult one, it's a gamble, really - sometimes the open can be far less damaging than the rest of the day; yesterday is a prime example. Whilst other days, the open can be far worse...but, if I were that confident that the markets were 'doomed', I would be trying to limit my market exposure even by the hours, but that's just me

Yes you are quite right everyone should make there own decisions and some things are easier said than done.
Who knows what the market holds in the next few weeks I'm already shocked by this turmoil as it is

 

[Sean K]

Yes, no direct advice in regard to this question please.

A better question may have been: 'will the market bounce after the open?' to which we can all take a stab at.

Personally, I think 4pm would be best - On 01 Nov 07.

 

[clowboy]

Anytime between 10am - 4pm

TWO WEEKS AGO........

 

[Flying Fish]

Just hold on maybe a rough ride but surely must be nearing the bottom.
Aus reporting season starting soon hope that will give the market a lift with no casualties.

Really?

 

[Birdster]

Too true Kennas!

Now all I need is a Delorean and a flux capacitor...

 

[treefrog]

Hi guys,
Planning on selling out today. Is there a best time for me? eg right at the open, lunch time, just before market closes (to see if things improve during the day).


hope this is in the most appropriate forum.

much appreciated

Ben

may not be much help but there is an old saying "amatures open the market and the pro's close it"

watching the last 30min of trade each day will often give an indication of market expectations tomorrow

of course the trading after 4pm on the spi gives a better indication but the general market is shut and one cannot trade normal shares and derivitives

am sure you have heard it all many many times, but you must have a predetermined stop which you must execute - if you don't have one, or fail to execute its like using $100 notes for loo paper

 

[Real1ty]

Very difficult call to make and it would also depend on what stocks they are, what liquidity they have, what sector they are in etc etc.

If i was in your position i would try and judge it on a stock by stock case and watch what the price is doing but this is easier said than done.

However you do go about it the main thing is you have made your decision so best of luck and hope you get out with a price you are happy enough with.

Nyden : Good response and you are completely right, the OP has made his decision, it is not for anyone to try and change his mind.

I have only been here since December but have seen certain posters giving advice to hold on since then, how much money would holders have saved if they sold out then, depending on your investing theories of course.