08-18-2007, 08:02 AM
Aloha again,
I regret my comment was viewed negatively; as someone who has been burned. I was questioning the reasoning of going down with the ship. Many investors reverse their positions (short them), or they get out, or buy puts, or hedgefunds, when the bear appears. The average bear market is several years. Calling a low before the bear run even gets started can be dangerous. Many 16 dollar stock become 5 dollar stock - remember Cisco and Lucent. If you buy them, buy puts on them too. Why go down, when you can buy them back at the bottom, and sell them short until then. That is how the market is designed. It is better not to be bull or bear. The market is always right. Just go with it. Diversification (when done right) may keep you afloat. But why go there? Why not realize your gains before the unrealized gains disappear, and you are back to break even for another 10 years? However, I respect all your views and hope your successes continue. Opinions are like noses, everyone has one! Just thought I would share mine!
Thats all.
Mahalo,
Mling
I regret my comment was viewed negatively; as someone who has been burned. I was questioning the reasoning of going down with the ship. Many investors reverse their positions (short them), or they get out, or buy puts, or hedgefunds, when the bear appears. The average bear market is several years. Calling a low before the bear run even gets started can be dangerous. Many 16 dollar stock become 5 dollar stock - remember Cisco and Lucent. If you buy them, buy puts on them too. Why go down, when you can buy them back at the bottom, and sell them short until then. That is how the market is designed. It is better not to be bull or bear. The market is always right. Just go with it. Diversification (when done right) may keep you afloat. But why go there? Why not realize your gains before the unrealized gains disappear, and you are back to break even for another 10 years? However, I respect all your views and hope your successes continue. Opinions are like noses, everyone has one! Just thought I would share mine!
Thats all.
Mahalo,
Mling