Three months of gains gone in ten days

Cruzan · Jul 31, 2007

July 31 Close: 13,211.99
May 2 Close: 13,211.88

palenimbus · Jul 31, 2007

2 months and 21 days of gains

RL8093 · Jul 31, 2007

.... and to provide an alternate view - if you were short, you could have made in 10 days what took the longs 3 months ....

Bearbelly · Jul 31, 2007

Excellent point.

stock_trad3r · Jul 31, 2007

Quote from Cruzan:

July 31 Close: 13,211.99
May 2 Close: 13,211.88

it isn't that uncommon for a selloff to erase many months of gains

Steve Tvardek · Jul 31, 2007

So why just hold then, why not take profits and rebuy later?

Quote from stock_trad3r:

it isn't that uncommon for a selloff to erase many months of gains

stock_trad3r · Jul 31, 2007

Quote from Steve Tvardek:

So why just hold then, why not take profits and rebuy later?

What if this is the bottom? It woudn't do me much good to sell now if it is. Even if the dow losses another 400 points it still isnt a big deal for me.

My strategy has always been patience.

Longhorns · Jul 31, 2007

Quote from Steve Tvardek:

So why just hold then, why not take profits and rebuy later?

Because Stock_Trad3r is a newbie fool who has never seen a real correction or a bear market.

stock_trad3r · Jul 31, 2007

Quote from Longhorns:

Because Stock_Trad3r is a newbie fool who has never seen a real correction or a bear market.

Since your so smart I bet you made a KILLING during the 2000-03 bear market didn't you?

Longhorns · Jul 31, 2007

Quote from stock_trad3r:

Since your so smart I bet you made a KILLING during the 2000-03 bear market didn't you?

2000 was my best year ever.

2001 was my 2nd best year ever.

2002 was my worst year ever (still made money, but every day/month was a struggle).

2003-2006 were all very good years.