Comments on: How Do You Sell at the Top ? http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 19:17:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Words from the (investment) wise 10.18.09 | The Big Picture http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-226996 Words from the (investment) wise 10.18.09 | The Big Picture Sun, 18 Oct 2009 13:56:32 +0000 http://www.ritholtz.com/blog/?p=41034#comment-226996 [...] [...] [...] [...]

]]> By: Harry Wagner http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225231 Harry Wagner Tue, 13 Oct 2009 17:26:56 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225231 You leftback are just afraid to get on the HOG and ride the wave of indices, well come on leftback, grab your leather jacket and jump on and RIIIDDDDEEEEEE. Just do not forget to slow down whe you see those 1-2% pot holes, just steer around them and you can pick up even more speed. Hey I think I am going to take that 0 percent inflation and devide the GNP by it, I know only good things will happen, deviding by zero is a fun way to figure out the correct answer to many of life's mysteries. You leftback are just afraid to get on the HOG and ride the wave of indices, well come on leftback, grab your leather jacket and jump on and RIIIDDDDEEEEEE. Just do not forget to slow down whe you see those 1-2% pot holes, just steer around them and you can pick up even more speed.

Hey I think I am going to take that 0 percent inflation and devide the GNP by it, I know only good things will happen, deviding by zero is a fun way to figure out the correct answer to many of life’s mysteries.

]]> By: leftback http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225218 leftback Tue, 13 Oct 2009 17:01:35 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225218 HARRY Wanger is at his desk. He puffs out his chest. "You know, LEFT" he announced, pointing the air with his pen, "I am the most successful manager this office has ever seen this week. A colossus, a giant, a legend in my own lunchtime". LEFTBACK is silent. He continues looking at lingerie models on-line while watching the low volume HFT action in the SPX as the market meanders towards the start of another earnings season. He ponders the action in precious metals as gold and silver rise yet again as the economy superheats and inflation measures scream higher and higher, approaching the dizzy heights of.... 0. HARRY gesticulates at his Bloomberg once again. "Look, LEFT, the indices are leading. AMERICA is BACK." LEFTBACK smiles. HARRY may be up on the day, but he will always be a momo. HARRY Wanger is at his desk. He puffs out his chest.

“You know, LEFT” he announced, pointing the air with his pen, “I am the most successful manager this office has ever seen this week. A colossus, a giant, a legend in my own lunchtime”.

LEFTBACK is silent. He continues looking at lingerie models on-line while watching the low volume HFT action in the SPX as the market meanders towards the start of another earnings season. He ponders the action in precious metals as gold and silver rise yet again as the economy superheats and inflation measures scream higher and higher, approaching the dizzy heights of…. 0.

HARRY gesticulates at his Bloomberg once again. “Look, LEFT, the indices are leading. AMERICA is BACK.”

LEFTBACK smiles. HARRY may be up on the day, but he will always be a momo.

]]> By: Harry Wagner http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225213 Harry Wagner Tue, 13 Oct 2009 16:59:24 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225213 Rootless - OWN two at the same time? Your CRAZY! Rootless – OWN two at the same time?

Your CRAZY!

]]> By: rootless_cosmopolitan http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225198 rootless_cosmopolitan Tue, 13 Oct 2009 16:33:08 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225198 Harry Wagner, How has your experience been with the second book? I have heard that the trend goes toward owning a second book. rc Harry Wagner,

How has your experience been with the second book? I have heard that the trend goes toward owning a second book.

rc

]]> By: rootless_cosmopolitan http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225195 rootless_cosmopolitan Tue, 13 Oct 2009 16:29:51 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225195 Harry Wanger, "It’s actually very easy, as this rally has been. I look to add between 2-4% drops. Anything more than that, I sell. I’ve used this with amazing success this year. Sold the 1st of Oct since it dropped more than 4%. Drop had no follow through so I bought back in." Interesting investing approach. Selling at low points and buy back in at a higher point. I believe you right away that you have practiced this very successfully. "We’re clear now to 11,500 EOY and beyond that settling around 12,500 before a larger pull back of 8-12%." Are we? How do you know? Got a crystal ball that tells you the future? rc Harry Wanger,

“It’s actually very easy, as this rally has been. I look to add between 2-4% drops. Anything more than that, I sell. I’ve used this with amazing success this year. Sold the 1st of Oct since it dropped more than 4%. Drop had no follow through so I bought back in.”

Interesting investing approach. Selling at low points and buy back in at a higher point. I believe you right away that you have practiced this very successfully.

“We’re clear now to 11,500 EOY and beyond that settling around 12,500 before a larger pull back of 8-12%.”

Are we? How do you know? Got a crystal ball that tells you the future?

rc

]]> By: DL http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225192 DL Tue, 13 Oct 2009 16:22:56 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225192 Generally good advice. But when the VIX is at 60, some modification to the strategy may be required. Generally good advice. But when the VIX is at 60, some modification to the strategy may be required.

]]> By: Harry Wagner http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225190 Harry Wagner Tue, 13 Oct 2009 16:22:24 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225190 And then we will start our new mini-booms and a series of mini-booms at that. I have dubed this fase of our economic recovery the HOG recovery because it will sound like a Harley coming at you boom-Boom-BOom-BOOm-BOOM-BOOM!!! Then we will test the breaks for a little while, then full throttle forward. And then we will start our new mini-booms and a series of mini-booms at that. I have dubed this fase of our economic recovery the HOG recovery because it will sound like a Harley coming at you boom-Boom-BOom-BOOm-BOOM-BOOM!!!

Then we will test the breaks for a little while, then full throttle forward.

]]> By: HarryWanger http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225170 HarryWanger Tue, 13 Oct 2009 15:58:55 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225170 It's actually very easy, as this rally has been. I look to add between 2-4% drops. Anything more than that, I sell. I've used this with amazing success this year. Sold the 1st of Oct since it dropped more than 4%. Drop had no follow through so I bought back in. We're clear now to 11,500 EOY and beyond that settling around 12,500 before a larger pull back of 8-12%. It’s actually very easy, as this rally has been. I look to add between 2-4% drops. Anything more than that, I sell. I’ve used this with amazing success this year. Sold the 1st of Oct since it dropped more than 4%. Drop had no follow through so I bought back in. We’re clear now to 11,500 EOY and beyond that settling around 12,500 before a larger pull back of 8-12%.

]]> By: leftback http://www.ritholtz.com/blog/2009/10/how-do-you-sell-at-the-top/comment-page-1/#comment-225162 leftback Tue, 13 Oct 2009 15:33:49 +0000 http://www.ritholtz.com/blog/?p=41034#comment-225162 Hmm.. but it would be nice to be sitting on a pile of cash when we have a 1987-ish thingy wouldn't it? Hmm.. but it would be nice to be sitting on a pile of cash when we have a 1987-ish thingy wouldn’t it?

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