"sell everything!!!"

Cash is going to be king when the real selloff strikes.
 
If you have not already done so, sell everything now. The next shoe to fall will be real estate prices. (I feel sorry for those folks who borrowed from private lenders, like the ones you see in all the TV commercials.)

I'll ring a bell when it is time to buy.
 
Sensa colon...which sounds better than without colon. Yesterday's rally was lukewarm, another round of blood letting at the markets today. I'm not selling a share.

As Frankie sang, "the record shows, I took the blows...it's not raining men, it's raining blood!

 
Insidious Von said:
Sensa colon...which sounds better than without colon. Yesterday's rally was lukewarm, another round of blood letting at the markets today. I'm not selling a share.

As Frankie sang, "the record shows, I took the blows...it's not raining men, it's raining blood!

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Finally some quality tunes on here...
 
Anybody who listened to my "sell everything" advice at 11:52AM on February 28, 2020 would be sitting pretty now with cash where a dollar is still worth 100 cent.

I'll ring the bell when it's safe to go back in the water again.
 
I am hanging on to my Gold stocks, although they get hit when panic selling happens.

That said, I am surprised that my REIT (retirement homes) shares have taken a big hit.
 
As of yesterday, the TSX was basically back to it's 2016 level. Four years of hard back breaking labor gone in 10 days. !@#$%^&*()-+

Update: The TSX actually hit a 9 year low last week (March 16-20).
 
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Anybody here having problems trading stocks online and/or by telephone? I placed an online order to buy shares of CM at $71 and my order got "lost".
 
I read the insider trading report each morning, and it's pretty interesting these days. CEOs and boards of directors are piling into quality names. These are the people who know their companies best, and it seems that they see value at today's prices and I suspect that they are right....
 
Robert Mugabe said:
Just to torture myself. On my play portolio I bought 600 shares of mastercard yesterday at 273. the day low. it went up to 290 made $10,000. in one day/not.
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Definitely a company with staying power and there's lots of them out there..
 
Darts said:
Anybody who listened to my "sell everything" advice at 11:52AM on February 28, 2020 would be sitting pretty now with cash where a dollar is still worth 100 cent.

I'll ring the bell when it's safe to go back in the water again.
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should i buy yet

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I have taken horrendous losses on paper. My oil and gas stocks ( WHITECAP RESOURCES, VERMILION ENERGY ) took a dive. To sell now is to lose my shirt. Is it not better to sell later as the stock rises. It is better to take a 20% loss than a 80% loss. At bargain basement prices I could buy now and sell all my stock later recoup my losses and make a small profit.

Example :

If I sell when the market plunges.
1 share of WHITECAP RESOURCES bought @ $3.90 - sell at current price $0.95 = loss of $2.95

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If I mitigate my losses.

1 share of WHITECAP RESOURCES bought @ $3.90
Buy 1 share of WHITECAP RESOURCES @ $0.95
__________
2 shares of WHITECAP RESOURCES = $4.85

Sell @ $2.95 as market price reaches 75% of previous high = $5.85
____________________________
Original share bought @ $3.90 + share bought today @ $0.95 = $4.85

$5.85 - $4.85 = $1.00 profit

So it is not a far stretch of the imagination that the price of my stock does not return to the price I paid and only achieves 75% of the price I paid, by buying one share to match my existing share I can come out ahead. Even better, take advantage of the fire sale prices and buy more share than just to match share that are now at a loss.
 
Ceiling Cat said:
I have taken horrendous losses on paper. My oil and gas stocks ( WHITECAP RESOURCES, VERMILION ENERGY ) took a dive. To sell now is to lose my shirt. Is it not better to sell later as the stock rises. It is better to take a 20% loss than a 80% loss. At bargain basement prices I could buy now and sell all my stock later

Example :

1 share of WHITECAP RESOURCES bout @ $3.90 - sell at current price $0.95 = loss of $2.95

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wait it out unless you need the cash. you can buy more with any cash you can afford to speculate

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Ceiling Cat said:
I have taken horrendous losses on paper. My oil and gas stocks ( WHITECAP RESOURCES, VERMILION ENERGY ) took a dive. To sell now is to lose my shirt. Is it not better to sell later as the stock rises. It is better to take a 20% loss than a 80% loss. At bargain basement prices I could buy now and sell all my stock later
Click to expand...

I just put part of my portfolio into a two year GIC, it's not much but its better than losing my underwear. Don't want to feel a draft like Foghorn Leghorn.

I'm attempting to build my cash reserve but the interest rate has been cut for the fourth time this month - MINGIA!::behindsofa:
 
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