How many of you sold today?

[Seneca60BC]

Given the massacre on the market today - how many of you sold or your stop loss was triggered?
Regards

 

[chops_a_must]

Sold AED after my exit price was knocked over. Was kind of a relief actually, it had been a 50/50 call until then.

 

[bigt]

Stops hit on EVE, SMM...damn, out with a good profit tho.

 

[Out Too Soon]

I noticed GGP was still around my buy price so I tried to sell, too late, probably would have struck oil tomorrow if my sell had of gone thru.

 

[Gundini]

Sold PDN today after an attempted Long daytrade. Thought $8 would hold, but the market punished it today, so jumped out before big loss's took hold.

 

[vishalt]

Closed my shorts on RIO too early unfortunately, 74.40.. and later it tumbled to 73.30 or thereabouts, dissapointed.. and looks like its going to continue its drop.

 

[kransky]

sold wmt for a 50% profit.. still in all the red stuff

 

[theasxgorilla]

Stoploss triggered x 1...I'll be out at open tomorrow. Plus another that I'm just not happy with...so I'll get out and re-assess.

Got a handful of aggressive shorts in via CFD that are offsetting what I've given back on some of my long positions.

70% of my long positions are holding up.

 

[Bush Trader]

I noticed GGP was still around my buy price so I tried to sell, too late, probably would have struck oil tomorrow if my sell had of gone thru.

I'm holding at a lot higher buy price than you! I'm a 12 month minimum bloke and don't believe in stop losses, however I wished I had after looking at my Portfolio this arvo, especially PDN - what a shocker - requires nerves of steel - I was bragging only last Saturday night about how well they had done, and when asked why i hadn't cashed out, explained due to my investment mindset (CGT) why had not taken the 32% paper profit I had made in only 6 weeks, now it's more Red than a Russian square in May, isn't that you're special month Out Too Soon?

Good Luck to all those that are going to sit the storm out, I hope we are doing the right thing.

Cheers

 

[mmmmining]

Sell low, buy high? or sell low, buy lower? a $$$ question.

 

[Bush Trader]

Sell low, buy high? or sell low, buy lower? a $$$ question.

So you advocate bailing out, and then buying in at a lower price? Can you please expand you idea. How do you mange picking this pint, and what happens if the market rallys in the whilst your out? I think that would be more nerve racking than just holding. Holding is like religion is for our Grandparent's generation, something to cling to (I hope I don't offend anybody here)

Cheers

 

[PJ83]

Hey Bush Trader,

I really don't think we're doing the "wrong thing" by holding. The price at the end of the year will be the same irrespective of this short term slide.

And if we tried to time this drop, lock in our profits and buy lower then most certainly the market would punish us even more for trying to be sly...

Bad luck on PDN but I got hammered today too! My nerves of steel are however tempered by knowing I'm after the long term results of the companies I have invested in which really doesn't give a hoot about short term price movements caused by over-caffeinated fund managers.

Just wish I had more spare cash to buy now!

 

[LPA]

PDN was one of my few good moves this week, sold out of them at $10.32...But then used the money to buy others

 

[Seneca60BC]

yea maybe in 12 months time we may be back to the 6000 level ?

 

[the barry]

History will show that over time the market has returned to previous levels and beyond. It may take a month or 6 months, but at some point in time the markets will climb back above the 6000 point mark. I think we may see another day or two of bloodletting, but i think the worst is past. Stocks i would be accumulating with a 6 - 12 month outlook are

1. Paladin - the price of uranium is only going to rise further
2. Bannerman - drill results to confirm there reserve
3. Bhp - solid blue chip
4. Rio - as above

 

[Halba]

barry completely agree your 4 picks are as good as any other

i would look at JBM , ZFX as well

 

[bean]

Sold last week on the bounce only lost about one days profit - otherwise if still holding would have taken over 11% hit today.
Even though shares getting hammered buyers were coming. Trying to pick the bottom. All the while Asian markets getting hammered the DOW futures nearly a 100 down. and Europe going to open up down 2%...
Everyone is just expecting a quick 5 or 10% correction now and another correction later in the year.
Doesn't that make it so perfect for a CRASH NOW not a correction.
I am looking at picking up shares at least 20% to 30% lower (than what they closed today. But will take each day as it comes.
Most Uranium shares went through 1 or 2 support levels today. that will now become resistance. Other mining stocks followed suit. Now is not the time for fundamentals.
Another day or two down on some stocks and they won't be any buyers.
And you will have gaps, and they will have to be filled.

 

[Kipp]

Actually- I had 2 buy orders get filled... will they turn out to be bargains.. or will I be back for a whinge in a weeks time??
We shall see... but I don't think the All Ords has to much further to fall- 5300 (Last May's peak) is the absolute lowest I can imagine.

 

[bean]

5300 tomorrow 4500 the next day???

 

[cuttlefish]

So you advocate bailing out, and then buying in at a lower price? Can you please expand you idea. How do you mange picking this pint, and what happens if the market rallys in the whilst your out? I think that would be more nerve racking than just holding. Holding is like religion is for our Grandparent's generation, something to cling to (I hope I don't offend anybody here)

Cheers

I selectively bailed out of stocks last wed (sold most of my spec base metals and some gold and unloaded some more base metals thurs/fri). I don't have a problem with going flat in a situation where there's uncertainty and downside risk. Its rare that you won't be able to pick back up again at close to what you sold for so its just a bit of slippage if you want to go long again (and quite often of course you can pick up cheaper which is the case this time around). Going flat takes the emotion away so its easier to make objective decisions.

And as far as I'm concerned if you're gonna bail, bail early. Like ripping off a bandaid - take the quick pain and move on.