Who is buying and who is selling?

cunparis · Oct 9, 2008

Quote from bl33p:

Who the hell sells at -40% from the top? That's the time to hold or buy more.

I keep thinking about it, the S&P just hit -6% for today!

If it weren't for the nasdaq holding up better I'd be a bit more pessimistic.

I don't mind holding and waiting it out, I just hope it doesn't take a year to go back up..

I think the pro's must be buying. We will have to wait until Friday next week for the COT report to find out. By then it'll all be over.

stock_trad3r · Oct 9, 2008

Quote from cunparis:

I'm curious who is doing the selling and who is doing the buying?

i could tell but I would have to kill you.

cunparis · Oct 9, 2008

Quote from stock_trad3r:

i could tell but I would have to kill you.

Please put me out of my misery! Heheh..

seriously, was today a capitulation day?

bl33p · Oct 9, 2008

When everything goes to hell, what do you want?

CHANGE.

dumb_mother · Oct 9, 2008

i just got long here lets see how it slays me:

MO, MSFT, WWE, CSCO, PFE, GE, UYG

point&click · Oct 9, 2008

Quote from cunparis:

If professionals are selling and individuals are buying, that is a scary thought. How can we know?

The beauty of anonymous trading.You can't.Also,what's the difference between a professional and an individual?If the 'professionals' had a clue then the banking system wouldn't be in this mess.They're just gamblers with deeper pockets.

Also,not every buy or sell trade is going outright long or covering longs.There are any number of hedges going on and that's not talking about any options trades that might be involved too.

bbqbbq · Oct 9, 2008

Quote from point&click:

The beauty of anonymous trading.You can't.Also,what's the difference between a professional and an individual?If the 'professionals' had a clue then the banking system wouldn't be in this mess.They're just gamblers with deeper pockets.

Also,not every buy or sell trade is going outright long or covering longs.There are any number of hedges going on and that's not talking about any options trades that might be involved too.

hedge funds are hedged. retail investors are not.

point&click · Oct 9, 2008

Quote from bbqbbq:

retail investors are not.

Which ones?The ones who listen to Cramer?

Susannah · Oct 9, 2008

Sold today (then bought again about 5 minutes before close). Might be a buyer next week for short term, might not.

One lesson I've learned very well this year - just because it's down doesn't mean it can't be down *more*. But, yeah, eventually there's a bottom.

The other part of my life where I looked at the market for a good part of the day and traded some (much less than I do now, though) was 96-97. Man, what a contrast!

I'm *lousy* at buy and hold, so don't ask me too much about that. I'll probably buy and hold some property in a few years. My daughter is adamant about being a baker, so I guess I'll probably buy and hold a bakery at some point in my life, too LOL. Cheaper than college!