Are you ringing the register?

deepinwonder · 08-01-2005, 12:47 PM

It is so tempting to hang on to whichever of my stocks are doing great, at the moment, but I've been trying to take Cramer's advice and ring the register when the stock is hot. I figure that if I really want it, I can try to get back in if it dips. That way, I'm keeping some of my $$$.

It's so hard to do, just got rid of two oil stocks. I've got a big lump in my throat, but a big wad of cash in my account, at any rate. Now, I can hope they go back down, rather than sweat it when they do. Diamond Offshore just got upgraded by analysts, too. I may be nuts, but I'll take my chances. :)

deepinwonder · 08-01-2005, 01:13 PM

Now, it's going through the roof! LOL Well, these driller stocks have been fluctuating wildly, depending on the day, and I didn't want to ride those ponies back down, missing such great prices, AGAIN. I've been doing that, over and over. I got out at my preselected level and hope to pick DO back up on a dip, because it was my best one. If not, I'll select a different company. I did keep OII, which ain't doing too badly, either. :)

dog · 08-01-2005, 04:51 PM

The skill is finding the line between being an investor and being a pig

Some of these sector plays will be turn and burns and some will take some time.

In my own humble opinion the tech rally is a longer term investment. It will peak in 9 to 12 months. 2006 has a lot to offer with new products and services on the rise. There is so much pent up demand it is almost easy money (of course there is no such thing).

On the other hand I really don't have a handle on oil and oil related stocks. Right now oil seems to be one of those sectors that is just insane. It is almost impossible to time it with so much uncertainty. I think there is big money to be made in oil, but you have to really monitor your invests on an hourly basis and check the news constantly throughout the day.

I'm diversified, but I am leaning heavily towards a tech rally into 2006...then dumping the techs if things slow down. The rally is just starting out and I am already make good progress.

Just my $0.02.

deepinwonder · 08-01-2005, 05:52 PM

HA! It fell below where I sold it from profit taking!! So, I missed out on that extra 35 or 40 cents from the high, not too bad considering how volative these stocks are, what a rookie I am and how much I made per share. Timing is hard, especially when the price keeps reversing itself, the way this one did, today.

And that is a good point. It depends on what sector and stock you're in, to gauge when it's a good time to load up the truck or dump it. Drillers fluctuate wildly, at times, and they are exciting. They are also profitable. I made $6 a share on this one and didn't have to wait long to do it.

I love Diamond Offshore. xoxoxox

dog · 08-01-2005, 08:19 PM

You are far more bold than I And it paid off!

It looks like you either have a good knack for that sector or are starting to get one.

I find tech easier to gage than oil (maybe because I work in the industry also) so I will continue to play that sector hot and heavy. The nice thing about tech today is that the Dot COM era is over with (thank God!) and companies are starting to behave in a more deterministic fashion.

Still I feel must start looking into the oil sector. With all of the unrest surrounding it there is a lot of money to be made in the saw tooth ups and downs!

deepinwonder · 08-02-2005, 11:32 AM

I've been watching the oil sector for months, especially drillers. The cycle often goes along with the one Cramer pointed out, up on Mondays and down lower on Wed and Thurs. after the oil report. It's not always the case and depends on news, earnings reports, etc, but if you show some patience and wait for a down day to buy toward the middle or end of the week, it could pay off. The general direction is UP, I didn't sell this because I thought something was wrong with it.

I am in a fog, when it comes to tech. Noticed someone wrote an article saying we should stick to things we've been watching and whose movements we can sense and then form a basket. I've added a couple of other sectors to my streamer and have been keeping an eye on them, because I want to be more diversified and tend to screw up a lot when I get into an area I'm unfamiliar with. :)

If anyone wants to buy deepwater drillers off the reports, they are up very high right now. I'm waiting for a temporary pullback. Also, don't get discouraged if they go up and down a dollar or two in one day, that is normal.

NOV sounded good, but it is zooming. I'm not getting in at this price, but I'm not saying someone else made a mistake who did. It will probably keep going up, like Cramer said.

08-01-2005, 12:47 PM	#1
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	Are you ringing the register? It is so tempting to hang on to whichever of my stocks are doing great, at the moment, but I've been trying to take Cramer's advice and ring the register when the stock is hot. I figure that if I really want it, I can try to get back in if it dips. That way, I'm keeping some of my $$$. It's so hard to do, just got rid of two oil stocks. I've got a big lump in my throat, but a big wad of cash in my account, at any rate. Now, I can hope they go back down, rather than sweat it when they do. Diamond Offshore just got upgraded by analysts, too. I may be nuts, but I'll take my chances. :)

08-01-2005, 01:13 PM	#2
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: register Now, it's going through the roof! LOL Well, these driller stocks have been fluctuating wildly, depending on the day, and I didn't want to ride those ponies back down, missing such great prices, AGAIN. I've been doing that, over and over. I got out at my preselected level and hope to pick DO back up on a dip, because it was my best one. If not, I'll select a different company. I did keep OII, which ain't doing too badly, either. :)

08-01-2005, 05:52 PM	#4
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: timing HA! It fell below where I sold it from profit taking!! So, I missed out on that extra 35 or 40 cents from the high, not too bad considering how volative these stocks are, what a rookie I am and how much I made per share. Timing is hard, especially when the price keeps reversing itself, the way this one did, today. And that is a good point. It depends on what sector and stock you're in, to gauge when it's a good time to load up the truck or dump it. Drillers fluctuate wildly, at times, and they are exciting. They are also profitable. I made $6 a share on this one and didn't have to wait long to do it. I love Diamond Offshore. xoxoxox

08-02-2005, 11:32 AM	#6
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: sectors I've been watching the oil sector for months, especially drillers. The cycle often goes along with the one Cramer pointed out, up on Mondays and down lower on Wed and Thurs. after the oil report. It's not always the case and depends on news, earnings reports, etc, but if you show some patience and wait for a down day to buy toward the middle or end of the week, it could pay off. The general direction is UP, I didn't sell this because I thought something was wrong with it. I am in a fog, when it comes to tech. Noticed someone wrote an article saying we should stick to things we've been watching and whose movements we can sense and then form a basket. I've added a couple of other sectors to my streamer and have been keeping an eye on them, because I want to be more diversified and tend to screw up a lot when I get into an area I'm unfamiliar with. :) If anyone wants to buy deepwater drillers off the reports, they are up very high right now. I'm waiting for a temporary pullback. Also, don't get discouraged if they go up and down a dollar or two in one day, that is normal. NOV sounded good, but it is zooming. I'm not getting in at this price, but I'm not saying someone else made a mistake who did. It will probably keep going up, like Cramer said.

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08-01-2005, 04:51 PM	#3
dog valued contributor Join Date: Jul 2005 Posts: 88	The skill is finding the line between being an investor and being a pig Some of these sector plays will be turn and burns and some will take some time. In my own humble opinion the tech rally is a longer term investment. It will peak in 9 to 12 months. 2006 has a lot to offer with new products and services on the rise. There is so much pent up demand it is almost easy money (of course there is no such thing). On the other hand I really don't have a handle on oil and oil related stocks. Right now oil seems to be one of those sectors that is just insane. It is almost impossible to time it with so much uncertainty. I think there is big money to be made in oil, but you have to really monitor your invests on an hourly basis and check the news constantly throughout the day. I'm diversified, but I am leaning heavily towards a tech rally into 2006...then dumping the techs if things slow down. The rally is just starting out and I am already make good progress. Just my $0.02.

08-01-2005, 08:19 PM	#5
dog valued contributor Join Date: Jul 2005 Posts: 88	You are far more bold than I And it paid off! It looks like you either have a good knack for that sector or are starting to get one. I find tech easier to gage than oil (maybe because I work in the industry also) so I will continue to play that sector hot and heavy. The nice thing about tech today is that the Dot COM era is over with (thank God!) and companies are starting to behave in a more deterministic fashion. Still I feel must start looking into the oil sector. With all of the unrest surrounding it there is a lot of money to be made in the saw tooth ups and downs!