Comments on: I’m Still Going Long and Hoping the Markets Go Down http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/ the mark cuban weblog Sat, 20 Mar 2010 07:04:31 +0000 http://wordpress.com/ hourly 1 By: Stockologist http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-61079 Stockologist Sat, 28 Feb 2009 00:47:50 +0000 http://blogmaverick.wordpress.com/?p=806#comment-61079 This is the number one reason why people lose money in the stock market. The primary trend (flow of the river) is down and people seem to want to buy the bottom. Always trade in the direction of the main trend and let the flow take you away. Trends persist. Hint: Gold and precious metals are trending up. Don't listen to the 'noise' in the news etc. Buy gold and gold stocks and let the primary trend take you with it. The Stockologist This is the number one reason why people lose money in the stock market. The primary trend (flow of the river) is down and people seem to want to buy the bottom. Always trade in the direction of the main trend and let the flow take you away. Trends persist.

Hint: Gold and precious metals are trending up. Don’t listen to the ‘noise’ in the news etc. Buy gold and gold stocks and let the primary trend take you with it.

The Stockologist

]]> By: Ian M. http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-52406 Ian M. Tue, 28 Oct 2008 14:07:14 +0000 http://blogmaverick.wordpress.com/?p=806#comment-52406 In the 11th grade, we learned about the Great Depression. My teacher asked, "WHen everybody around you is selling all of their stock what would you do?" I raised my hand, "I would try to buy as much as I could afford at the low price and wait out the storm." He looked at me and said, "Well, that's not what most people did back then." I had been invested in a GNMA (same place I was during the dot-bomb), I switched to some relatively aggressive stock funds about a week ago. n.b. a preview option would be nice, the form box on my browser is clipping the coment field In the 11th grade, we learned about the Great Depression. My teacher asked, “WHen everybody around you is selling all of their stock what would you do?” I raised my hand, “I would try to buy as much as I could afford at the low price and wait out the storm.” He looked at me and said, “Well, that’s not what most people did back then.”

I had been invested in a GNMA (same place I was during the dot-bomb), I switched to some relatively aggressive stock funds about a week ago.

n.b. a preview option would be nice, the form box on my browser is clipping the coment field

]]> By: Andrew http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51957 Andrew Sat, 18 Oct 2008 15:37:09 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51957 Great couple of posts on going long. For educational purposes to illustrate your thought process, could you give one example of a stock you have bought recently, or were considering buying but decided not to, along with the analysis you did to reach those conclusions (what factors did you look at besides the dividend yield? If you are concerned about mentioning a specific company, perhaps describing it without mentioning it's symbol would work, althouhg as a learning experience it would be a little less informative in that it would make it far harder to replicate the process. I think describing your thought process in greater detail would make the posts even more helpful. Thanks in advance. Great couple of posts on going long. For educational purposes to illustrate your thought process, could you give one example of a stock you have bought recently, or were considering buying but decided not to, along with the analysis you did to reach those conclusions (what factors did you look at besides the dividend yield? If you are concerned about mentioning a specific company, perhaps describing it without mentioning it’s symbol would work, althouhg as a learning experience it would be a little less informative in that it would make it far harder to replicate the process. I think describing your thought process in greater detail would make the posts even more helpful. Thanks in advance.

]]> By: Инвестирай по време на криза | Струва си! http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51881 Инвестирай по време на криза | Струва си! Fri, 17 Oct 2008 12:07:08 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51881 [...] Mark Cuban [...] [...] Mark Cuban [...]

]]> By: coolshen http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51679 coolshen Tue, 14 Oct 2008 12:53:16 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51679 Here from France, we are totally astonished with this crisis, and the european economy is also affected as we live in a globalised wordl. This crisis will not end in few weeks after the rescue plan made in EU,US,Japan,Gulf... The worst still to come, the subprime trouble was the emerged part of the iceberg. Still to come the credit card default payement of us consumer. As well the next scandal will be the CDO and the CDS. We can just say it is not yet time to buy stock, and the bottom has not been reached. The worst is still to come ! (sorry for my english) Here from France, we are totally astonished with this crisis,
and the european economy is also affected as we live in a globalised wordl.
This crisis will not end in few weeks after the rescue plan made
in EU,US,Japan,Gulf… The worst still to come, the subprime trouble
was the emerged part of the iceberg. Still to come the credit card default payement of us consumer.
As well the next scandal will be the CDO and the CDS.
We can just say it is not yet time to buy stock,
and the bottom has not been reached. The worst is still to come !

(sorry for my english)

]]> By: Steve R http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51565 Steve R Sun, 12 Oct 2008 16:33:01 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51565 Capitulation? Buying opportunities? That's what I was thinking when the NASDAQ hit 4000. I'm not getting my ass kicked again. Earnings drive stock prices and, I'm afraid, the poor earnings are just starting Plus I have zero confidence in the Keystone Cops we have working on the economic crisis. Paulson and Bernanke seem to think they can borrow their way out of a debt crisis and their solution is to give hundreds of billions of dollars to the bankers who already ran their businesses into the ground once. I doubt Bush can even balance his own checkbook. If these firms we're really "too big to fail" then the CEO's shouldn't be rewarded for gambling with their assets, they should go to jail for recklessly mismanaging companies so vital to the health of the world economy. America has been had. Personally I think it's smarter to wait on the sidelines for a real turnaround and buy on the way up, instead guessing the bottom and trying to catch that falling knife. Capitulation? Buying opportunities? That’s what I was thinking when
the NASDAQ hit 4000. I’m not getting my ass kicked again. Earnings
drive stock prices and, I’m afraid, the poor earnings are just starting
Plus I have zero confidence in the Keystone Cops we have working on
the economic crisis. Paulson and Bernanke seem to think they can borrow
their way out of a debt crisis and their solution is to give hundreds
of billions of dollars to the bankers who already ran their businesses
into the ground once. I doubt Bush can even balance his own checkbook.
If these firms we’re really “too big to fail” then the CEO’s shouldn’t
be rewarded for gambling with their assets, they should go to jail for
recklessly mismanaging companies so vital to the health of the world
economy. America has been had.

Personally I think it’s smarter to wait on the sidelines for a real
turnaround and buy on the way up, instead guessing the bottom and
trying to catch that falling knife.

]]> By: Erick http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51539 Erick Sun, 12 Oct 2008 02:23:38 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51539 Mark you are my idol Mark you are my idol

]]> By: Dave Rickey http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51528 Dave Rickey Sat, 11 Oct 2008 22:48:06 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51528 Where's the bottom? Once you clear away the leverage, how much real value is there under the smoke and mirrors? Mark, you can afford to take the long view, because even if the bottom is as low as 2000, you're not going to miss any meals. People who are looking at retirement in the next couple of years can't afford to think in terms of "locking in their losses", they're just trying to stem the tide of red ink before their retirement plan becomes "work part-time at Burger King until I die." Frankly, you're right that the time to get out was a year ago, when the market peaked. But there's no reason to believe the market has bottomed out, the deflationary spiral continues and although it will certainly continue until it finally reaches the true floor, given that nearly everything is a "hollow company" with no reason to exist except to keep trickling out stock issues, there's a lot of dead weight to shed. If you can afford the time, the right thing to do is go back to old-fashioned fundamentals, buy companies that actually make things themselves and distribute dividends. But the market has been in a cycle of self-fulfilling analyst predictions that had no connection to such pedestrian realities for so long, that information is actually pretty hard to find and there aren't any funds to get into that specialize in it (at least not available to the average person moving sliders on their 401K distribution). Mutual funds and 401K's on autopilot are the only things keeping the market afloat right now. And as people open their statements and see just how far underwater their stocks are for the last year, that's going to go away. We're not within sight of the bottom yet. --Dave Where’s the bottom? Once you clear away the leverage, how much real value is there under the smoke and mirrors? Mark, you can afford to take the long view, because even if the bottom is as low as 2000, you’re not going to miss any meals.

People who are looking at retirement in the next couple of years can’t afford to think in terms of “locking in their losses”, they’re just trying to stem the tide of red ink before their retirement plan becomes “work part-time at Burger King until I die.”

Frankly, you’re right that the time to get out was a year ago, when the market peaked. But there’s no reason to believe the market has bottomed out, the deflationary spiral continues and although it will certainly continue until it finally reaches the true floor, given that nearly everything is a “hollow company” with no reason to exist except to keep trickling out stock issues, there’s a lot of dead weight to shed.

If you can afford the time, the right thing to do is go back to old-fashioned fundamentals, buy companies that actually make things themselves and distribute dividends. But the market has been in a cycle of self-fulfilling analyst predictions that had no connection to such pedestrian realities for so long, that information is actually pretty hard to find and there aren’t any funds to get into that specialize in it (at least not available to the average person moving sliders on their 401K distribution).

Mutual funds and 401K’s on autopilot are the only things keeping the market afloat right now. And as people open their statements and see just how far underwater their stocks are for the last year, that’s going to go away. We’re not within sight of the bottom yet.

–Dave

]]> By: Rachete http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51525 Rachete Sat, 11 Oct 2008 21:23:26 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51525 Markets are a mess. Noone knows what to do really. http://apaintersdiary.blogspot.com/ Markets are a mess. Noone knows what to do really.

http://apaintersdiary.blogspot.com/

]]> By: ryan http://blogmaverick.com/2008/10/10/im-still-going-long-and-hoping-the-markets-go-down/#comment-51520 ryan Sat, 11 Oct 2008 17:27:19 +0000 http://blogmaverick.wordpress.com/?p=806#comment-51520 Mark can you please but the San Diego Padres and make them a winner? If you did but the Padres fire Sandy Alderson, Grady Fuson, Paul Depo,and Bill Gayton they do not know how to scout talented players. Mark can you please but the San Diego Padres and make them a winner?
If you did but the Padres fire Sandy Alderson, Grady Fuson, Paul Depo,and Bill Gayton they do not know how to scout talented players.

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