J1, you seem to go through life with a eternal wedgie. I do wish you luck on your short position, sooner or later the market will turn and then you can post about something other than Slicktop.
I can see the larger market moving with oil demand but not so much on supply issues. I bought some SJB near a new 52 wk low and restarted VRX in AM.
Ock, you do sound like you are trying force things. Just remember September historically bad market month and losers sell off in December tax sell off. If the Fed rattles the interest rate sword near end of year Dividend stocks will sink. Those that but the initial September dip might regret it. The patience of the old Monk might well be the winning hand.
You probably would have little time to take any action. After a short period of time circuit breakers would close down trading. Traded all ready entered would have the best chance of getting filled. But in the past some ultra lowball bids that filled were disallowed. There would probably be a buying frenzy when trading restarted.
Ock, I'm only buying a little Pharma and oil and currently hold 70-80% cash. Current portfolio is GLD, GILD, MMP, TSO and XLE. Mostly trading shares, Call and Put around a core.
In my risk averse opinion I,m not trying to make anything happen or guess the market just sitting back with low ball bids in place and reading the tape. I have been tied up for months with real estate and moving, my PC is in storage so I trade on iPhone and iPad , must use the KISS principle:) Historically September is the worst month of the year, if do this year will buy a bit. Not in a rush to lose my butt:) And on trading something that I will hold long term if need be.
One trade that did not work well was VRX the troubled Pharma. It was my largest position and I was way down yesturday I unloaded for a profit. In WSJ today it says Federal Prosecutors are investigating VRX for stock fraud. I will buy some when it finishes tanking because I think it will be ok long term but I want let it get big. I hope that is a understandable answer to your question.
Phils rule: Don't invest in stories, unless you are the one making them up. Very rarely scored on a media story line. Better to short the story line or stand back.
While everyone was fussing I added some GILD and TSO near open:) Hey folks ! You can think about trading or fussing, your choice!
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A few cents means little on a $79 stock like GILD. GILD is one of a few stocks I snap up on price drops without study or DD. Without checking GILD is probably my most trusted trader for the last two years. IMO Pharma is currently the most undervalued sector.
I sold half VRX when it shot up 18%. Currently breakeven, might sell half of last half at close if it keeps rising. I like VRX as a long term play( gamble).
General, If you care to closely read Coopers post history he has stated the number of share ownership. Good luck with your wadd of shares, personally I don't care for any at this time.
Tulsa, not trying to top you but my subpar performance beat most Hedge Funds:) I have a trading idea! Let's buy losing HedgeFund stock on the premise that they can'tsuck for ever.:) Or can they?