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What will bring this party to an end ( short term)

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john_1
Super Contributor
This has been a fabulous run with no end in site! However I know from my own way of thinking that I am getting very attached to the paper gains in my protfolio. Paper as I have not yet sold. I am sure that the rest of you are feeling the same way, which means that the stops will be moving up and the moment anybody sneezes there will be a wave of selling trying to lock in profits. So my feeling is that it will be a sharp violent correction if infact this happens at all.
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13 REPLIES 13
asylum
Super Contributor
I agree john want to press the panic sell button every 5 minutes
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i only have top40 contracts. my stop today is on 25 000 mark
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I feel the same. All my shares are up 20-50% over the last month (except SAB) and would like to lock in the profits and re-enter on the overdue dip but at the same time don't want to sit on the sideline watching the bull run a mock for another month... maybe when we lose the cricket tonight everyone will feel a little depressed and sell tomorrow?
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asylum
Super Contributor
No chance of losing the cricket tonight we gonna slaughter them!
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im sure most traders find cricket too slow paced to keep them entertained. plus majority are international traders? more likely rich biblebashing americans will pull wallstreet down over the school shootings. The world is ending dont you know.
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asylum
Super Contributor
As long as it doesn't end before the bull run is over dont want to go empty handed.
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While the shootings were unfolding the more news that came to light the higher the Dow and NYSE went ... sadistic... tsk tsk tsk
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..we in Roman country dude. No end to this party, I don't reckon.
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All good things must come to an end sometime or the other.....we have to have a good pullback(and not just profit taking)....it just can't carry on like this(or can it)...thats just me.
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Now I just need to find an instument to short the market that will only kick in when the market goes down:)
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Mr_Gold
Contributor
Mmm, I agree with some of the guys above. Market totally over bought. Prices all time high. Careful!!! The last time I burnt my fingers. Let me worn you, this must end!!! Take your profits and laugh about them!!! Take your money and start looking for good put warrants.
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barry_1
Super Contributor
See my reply to this post on JBL(18 APR)
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Mic
Super Contributor
I think the clever money started taking profit since yesterday already OMO
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