Messages

Forum Index : Investments : Messages
Author: [Investments] Topic: Bad news just around the corner
LuckyLuke send a private message View Space | Friends | Playbook |
LuckyLuke
Participation Meter
All-Star
Joined: Jan 2003
Posts: 12593
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.

quote
LuckyLuke send a private message View Space | Friends | Playbook |
LuckyLuke
Participation Meter
All-Star
Joined: Jan 2003
Posts: 12593
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.
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49193
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?
quote
LuckyLuke send a private message View Space | Friends | Playbook |
LuckyLuke
Participation Meter
All-Star
Joined: Jan 2003
Posts: 12593
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


quote
mainmanmainman2 send a private message View Space | Blog | Friends | Playbook |
mainmanmainman2
Participation Meter
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.
quote
bucknuts send a private message View Space | Friends | Playbook |
bucknuts
Participation Meter
Captain
Joined: Oct 2005
Posts: 7965
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?
Posted using a mobile device.
quote
DAWGPRINT send a private message View Space | Friends | Playbook |
DAWGPRINT
Participation Meter
Veteran
Joined: Nov 2007
Posts: 4109
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?
quote
Forum Index : Investments : Messages
You have entered the forum as a GUEST. 
You must login/register to post or reply.