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Author:	[Investments] Topic: Bad news just around the corner
LuckyLuke	View Space \| Friends \| Playbook \|
All-Star Joined: Jan 2003 Posts: 12587 Location: New York	#1 Posted: 10/9/2012 4:55:11 PM I have been getting crushed this year (compared to last 2 years where i had 15% and 11% return) I started making bad choices by getting into options and that was one of my downfalls. (especially calls VXX) Now i am trying a new strategy by going 20% gold/10% silver I am thinking what i should do with companies that are not doing well for me (CAT, FB (yea i know)GS,C, i am about 20%+ down on them. Since I assume and have a feeling that the market will be going south should i just cut my loses and sell them at a loss or should i place some PUT options on them to even out the loss when they do start falling down. Than my next questions is what should i do with stocks that gave me great results such as BAC +80%,CCL+25%,MSFT +15% (about 20% of my portfolio) T +25%. Should i sell them if i and thinking market will go south? Problem is some of them are still under the short term. I will get taxed a lot more if they did not pass the 1 year mark. What is the wise direction? I would appreciate if some of you can help me out with good reasons. Wallstreet- if you have a second i would like to hear your input. Also, since i am really thinking market will go south what is the best way to bet against the market.
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LuckyLuke	View Space \| Friends \| Playbook \|
All-Star Joined: Jan 2003 Posts: 12587 Location: New York	#2 Posted: 10/9/2012 4:56:36 PM My portfolio without options is up around 5% but as i mentioned above i got killed on options for over 20K on a 100k account.
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wallstreetcappers	View Space \| Friends \| Playbook \|
Covers Linesmen Joined: Feb 2003 Posts: 47635 Location: United States	#3 Posted: 10/9/2012 5:46:01 PM Market goes south and gold will go south with it. Were you going long term options or short term? In the money or out?
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LuckyLuke	View Space \| Friends \| Playbook \|
All-Star Joined: Jan 2003 Posts: 12587 Location: New York	#4 Posted: 10/10/2012 11:05:18 AM I view gold choice a bit different. With Europe drama not ending anytime soon (most likely only getting worse) / US printing money/ and fiscal drama about to start again--I think it will only make gold stronger and i can't say that for stocks. i was playing with options as short term. My initial plays were very profitable but after that it was all going south no matter if i had calls or puts. Just not going the right way. in the money
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mainmanmainman2	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Feb 2011 Posts: 4309 Location: Antarctica	#5 Posted: 10/10/2012 11:54:57 PM money contracts, everyones waist lines are being de-leveage. get out while you can. hmmm as for your decision i think MSFT can weather a storm, but its just whether you want to time the market.
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bucknuts	View Space \| Friends \| Playbook \|
Captain Joined: Oct 2005 Posts: 7817 Location: United States	#6 Posted: 10/11/2012 2:12:25 PM Its been all bad news since 2009 and look at the market..now I don't believe they can keep pushing this forward forever but until there's a sign it will stop y pull out of the market?
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DAWGPRINT	View Space \| Friends \| Playbook \|
Veteran Joined: Nov 2007 Posts: 3815 Location: Georgia	#7 Posted: 11/13/2012 10:28:07 PM Wallstreet all due respect I disagree Gold will not follow market south.....but is the market Going south?
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