Poll: The Dow plunges 733 points. What are you going to do with your stocks ?
Current Dow Jones Industrial Index Value: 8,577.91
Trade Time: 4:04PM / 15/110/2008
We already know that Jim Cramer suggested stock owners should get rid of stock if they need it desperately within the next 5 years. What do you plan to do ?
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stocks said
am October 15 2008 @ 8:09 pm
I voted to Hold, I’m young (35) so I can afford to keep my holdings for awhile. I know that I’ve lost about 40% of my worth, but ONLY if I sell now.. otherwise, it’s just unrealized loss, and if I ride this out, the the market will return upwards (like it always does) and then I’ll be sitting on unrealized gains, (which I will sell if I hit a certain percentage above.. more then the 10% average the markets do a year…
John said
am October 16 2008 @ 4:28 pm
First I’m going to panic……
No, I’m holding strong, and bought in a bit more last Thursday and Friday. I think now is a great opportunity to buy good companies that got beat down with the rest of the market. As long as you can hold for the long run, the quality companies will weather the storm and come out strong.
Financial Planners said
am October 17 2008 @ 12:44 am
I would prefer to hold for some more time and sure that it will rise.
Roger Hamilton said
am October 17 2008 @ 8:07 am
I thinking holding it with some hope would be better.
Marcel said
am October 17 2008 @ 12:12 pm
@John
Warren Buffet just validated your feelings…
http://www.financialdominance.com/warren-buffent-sees-oppertunity-in-the-new-stock-market-bargains/
accounts jobs said
am November 1 2008 @ 2:15 am
I think now is a great opportunity to buy good companies that got beat down with the rest of the market. As long as you can hold for the long run, the quality companies will weather the storm and come out strong.
Emini Trading said
am January 20 2009 @ 1:50 pm
When the DOW got below 9000 I sold everything I had, not that I had too much in the market since I trade for short term gains anyway.
People that knew what I do for a living kept asking me when they should sell and we were already below 8000. I told them you might as well hold since you’ve rode it out this far. I thought we may touch 7200 at strong support and we almost made it there a few weeks back and I still think we will get there sooner rather than later. We may even go below 7000 since it isn’t looking good for the short term, IMO.