PANIC!!!!! (Strategies for those long)

[tech/a]

PANIC!!!!!

Ok your long and fully committed.

Your caught in the heavy down move and if you sold out would lose 1000s.

In this situation I'm interested in what those who post here are or would be doing.

I have 2 positions only and I know what I will be doing.

Comments.

 

[Sean K]

Re: PANIC!!!!!

Ok your long and fully committed.

Your caught in the heavy down move and if you sold out would lose 1000s.

In this situation I'm interested in what those who post here are or would be doing.

I have 2 positions only and I know what I will be doing.

Comments.

I'm holding longer term stocks that should weather ok in this, unless the WayneL led depression kicks in. Looking for good shorting opportunities if this is going to be sustained. Haven't sold the spi yet as I expect a pull back up.

 

[sam76]

Re: PANIC!!!!!

I would like to sell and purchase back at a lower price.

Work commitments don't allow this (and from what I hear online brokers as well)

So I'll hold.

 

[constable]

Re: PANIC!!!!!

Ok your long and fully committed.

Your caught in the heavy down move and if you sold out would lose 1000s.

In this situation I'm interested in what those who post here are or would be doing.

I have 2 positions only and I know what I will be doing.

Comments.

im not doing much at all, picked up some more auz thats about it so far.
All but 2 of my stocks have dropped and will possibly sell those so i can top up while the price is down on ones i already own. Pf taken a hit but not particularly concerned.

 

[insider]

Re: PANIC!!!!!

This is worrying... I can't login to comsec because it says the server is too busy!!!!

 

[petervan]

Re: PANIC!!!!!

Going out to mow the lawn then come in and watch the Chinese market open.Not much we can do.

 

[pacer]

Re: PANIC!!!!!

Put my head between my legs and kiss my butt goodbye......or

Or take out a loan and tripple the ammount of shares I am long on, and spend the next week praying it turns around.....if that fails do as above.....lol

 

[tomcat]

Re: PANIC!!!!!

I'm holding ADI and PWK...would have to try and call commsec if I wanted to sell anyway and i doubt i could get through...I was always going long on these two anyway so I just have to hold and see where I am in a year or so time

 

[brendan87]

Re: PANIC!!!!!

When does china open? I think it could spill lower (thats based on the shanghai metals exchange hiccup where the commodities fell their limit 3 days straight in January).

 

[imajica]

Re: PANIC!!!!!

after every correction we see the market reach new and even more impressive highs - just chill, don't panic and have a long view.

 

[lesm]

Re: PANIC!!!!!

Staying cool, calm and collected and looking for potential opportunities.

No rush, panic can be expensive emotionally as well as financially.

 

[Freeballinginawetsuit]

Re: PANIC!!!!!

I will be holding my long positions... its all relative with those .

With my trading funds it will be the same as usual......Today may hit my bottom line 10 odd percent......so what. Every chance a bit of carnage may present some opportunities that might not have been their previously.

Personally Last night was an eye opener for me on this forum, not hard to read between the lines.......quite obviously some crew have been burnt/frustrated at others gains and out it all came. Plenty of them in the world

 

[chops_a_must]

Re: PANIC!!!!!

I got out of just about all of my miners in late january because of precisely a fear of something like this happening. Started looking at biotechs, held my oilers (and still will).

Sold out of a few things at a nice profit still, and now looking to get some ridiculously oversold stocks. Just an opportunity to get some stocks I wanted before that I thought were too expensive (and toppy). I'm not worried at all.

 

[imajica]

Dont Panic!!!!!!!!!!

let's not play follow the leader - be a bit contrarian, have some guts, hold onto the shares that you know are going to shine for years to come

 

[speves]

Re: PANIC!!!!!

sane advice LESM.....there is money to be made today...if you can get through to a broker!!!

 

[moses]

Re: PANIC!!!!!

Ok your long and fully committed.

Your caught in the heavy down move and if you sold out would lose 1000s.

In this situation I'm interested in what those who post here are or would be doing.

Thats me. I'm fully committed and it looks like I'm down about %15. Aside from re-evaluating why I was caught by surprise...

1. Don't panic.

2. What loss?

3. What's next?

4. Trade deliberately

 

[brendan87]

Re: PANIC!!!!!

Things are pretty calm now. I think alot of the panic is over. Maybe most people are in shock or licking their wounds....or blissfully unaware at work.

 

[noirua]

Re: PANIC!!!!!

At least small traders can get out of stocks as quickly as the big guys these days. However, fingers hovering over buttons can easily crash the whole market in a few hours.

Mining stocks with plenty of cash and good earnings will not be hurt by what is happening today, unless, they are involved in South Africa or a dodgy outpost. My view, certainly not advice, is to watch the good stocks that you have been following and, perhaps, take advantage when they fall heavily like the rest.

"Panic", well, you can if you like. Am I panicking? No, I'm just feeling sorry for myself having twisted my knee today and thinking that this is just a very big shakeout after no real correction for years.

 

[nomore4s]

Re: PANIC!!!!!

Things are pretty calm now. I think alot of the panic is over. Maybe most people are in shock or licking their wounds....or blissfully unaware at work.

Or can't get on to their broker, lol

 

[nioka]

Re: Dont Panic !!!!!!!!!!

let's not play follow the leader - be a bit contrarian, have some guts, hold onto the shares that you know are going to shine for years to come

Agree 100%. Don't let the banks and brokers make a fortune today. Most of the companies you hold shares in are not really worth any less today than they were yesterday all that has changed is the SP. You only lose if you sell.