Do you know when to pull out??

Hamburgerpimp

Diamond Member
Aug 15, 2000
7,464
1
76
Now that I have your attention, how many people are still in the Stock Market? Just curious. :)
 
Oct 9, 1999
15,216
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I am going with the notition its a good time to buy (maybe wait a few more days) cause it can go down only so much and plus greenspan has taken the initative of lowering interests already.
I would say if you got money in there and its quite a bit, pulling out would allow you to file a loss of credit with the IRS (limitations are there, check with your tax advisor). Otherwise its a good time to buy and hold.
 

yakko

Lifer
Apr 18, 2000
25,455
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I thought this was going to be a thread about............


























































war and retreating.:)
 

loogie

Banned
Oct 18, 1999
2,478
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I pull out after getting my burger. If you wanna be sneaky, you can hide the burger, run inside and say they missed one. But I assume you already know that, since you're a hamburgar pimp.

I still find it funny that your actual paypal name is hamburgar pimp. :)
 

Hamburgerpimp

Diamond Member
Aug 15, 2000
7,464
1
76
Yeah, I changed that. My bank kept asking me who is Hamburger Pimp and why all the Cheques from X.com?? :)
 

IBhacknU

Diamond Member
Oct 9, 1999
6,855
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I never understand people that 'pull out' at a time like this? If you're doing it for the benefits of a capital loss, OK... that I can see. But, why would you wait for the market to be at its lowest in 2 1/2+ years, to sell? Do you not have faith in the stocks you own? Why did you buy them in the first place?

Buy High, Sell Low? Yea... that makes sense. This is a great buying opportunity! Cost averaging.
 

WoundedWallet

Platinum Member
Oct 9, 1999
2,325
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I'm backing IBhacknU's reasoning.

This is not the time to pull out.

This is the time to be a voyeaur and just watch. I have this feeling that the Nasdaq will hang around 1500-2000 for 2-3 months and then came back s-l-o-w-l-y.

If not, at least by then we will have a better idea of how deep the hole is gonna be.

I'm not too worried on missing the absolute bottom because I don't think any one-day-jump will be sustainable. I'm betting on a slow curve.
 

virtuamike

Diamond Member
Oct 13, 2000
7,845
13
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Don't pull out! Dig in deeper!

Prices are really good as far as buying into the market goes. Wouldn't make sense to pull out, not like holding it in would make you lose any more would it?
 

Digobick

Platinum Member
Oct 9, 1999
2,467
0
76
I'm still in and pumping away even as I type this. To pull out now would make me a very unhappy person.

;)
 

KameLeon

Golden Member
Dec 5, 2000
1,788
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Well, you have to pull out eventually... don't think any man can go on forever..

Ohh ..umm .. you're talking about the stock market. hehehe :)
Well, I couldn't afford to sell right now. I'll lose over 75%! So I guess I'm gonna be in there for a while now..