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Old 05-11-2013, 07:10 AM   #21
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Hi, think I should have replied to this thread. I quickly explained some technical analysis, historical market facts, strategy followed by most individual investors, crowd psychology and the forecasts and results achieved based on putting it all together using most of the time "paid for analysis". Well I got slaughtered. It is as it is, anyway, I'm heavy into cash now waiting for what should be a rather large downward correction, actually crash. I see some respondents here have taken the same position. The thread is "something to ponder..." Excuse typos in thread, not running spell check and not a good typist either. All the best - nice replies on the saying.
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Old 05-11-2013, 08:26 PM   #22
Recycles dryer sheets
 
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Originally Posted by rjohnla View Post
Hi, think I should have replied to this thread. I quickly explained some technical analysis, historical market facts, strategy followed by most individual investors, crowd psychology and the forecasts and results achieved based on putting it all together using most of the time "paid for analysis". Well I got slaughtered. It is as it is, anyway, I'm heavy into cash now waiting for what should be a rather large downward correction, actually crash. I see some respondents here have taken the same position. The thread is "something to ponder..." Excuse typos in thread, not running spell check and not a good typist either. All the best - nice replies on the saying.
Should mean some more room to run.
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Old 05-11-2013, 08:42 PM   #23
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Originally Posted by John Galt III View Post
What's the other half of this old stock market saying?

Pigs being those folks who won't sell when the stock is high, hoping for it to go even higher, and hold on as it drops and finally sell near the bottom (the slaughtering).
It depends what the meaning of 'high' is. For me, 'high' is temporal. For my 5 year money, 'high' is now, and I moved all of that to cash the other day. For my 15 year money, it is all into stocks - whatever 'high' is in 2026 will be what it is. The trick will be soothing DW in each downturn between now and then.
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Old 05-22-2013, 03:01 PM   #24
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Another similar investing truism-
No one ever lost $$ by taking a profit.
Many a nice gain has been lost by holding an investment too long & suffering a major downturn.
Slight variation on this "truism"

Good article from seeking alpha
http://seekingalpha.com/article/1444...aking-a-profit
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Old 05-22-2013, 03:16 PM   #25
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Hey sailfish, you know, even tough other people may not look at it like this, but it will be the ones that did not get slaughtered who will have $ to buy when stocks are low and get the economy moving again. More likely, we'll be vilified - there has to be someone to blame.
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