Quote from frank grimes:
Stock: I have a serious question here. Since you have only been buying since 2003 and the market has been in an uptrend through you're entire 4 year "career" what do you plan on doing when the market turns? Do you not think the market goes down? Do you buys puts? Have you ever shorted before? I just would like to have an general idea of you're "plan" during a bear market. There are not as many "goosd" momentum stocks to buy and hold during a corrective phase.
I have no clue when the market is gonna turn. It could be tomorrow or in a few months. Nor do I know bow big of a reversal it will be.
But I do have plans for my individual stocks. For example, I plan to liquidate my Hans and Tie by the end of this month since they haven't gone up much.
I also plan to liquidate 1/2 my CHAP and 1/2 my AAPL by the one year mark which will be in a month. I've made pretty big gains with those and its time to scale back. AAPL has surged from just $10 five years ago to 120. CHAP traded at $20 two years ago..
GOOG is worth holding on longer and it tends to perform well regardless of external market conditions.
GS, RIMM, MA, BIDU, still have lots more upside potential and I can weather I market reversal by just buying dips.
