SPY can't go to zero right?

Discussion in 'Trading' started by IronFist, Oct 10, 2008.

  1. Im mid 20s and I am diversified, no worries. Not sure if I wont play this for a bounce and get out or if Im in for the long haul with my current positions. As much as I think the selloff is emotional and forced sellers, Im not convinced of the buy and hold upside near term beyond a snapback the more I think about it.
     
    #11     Oct 12, 2008
  2. Lucrum

    Lucrum

    SPY can't go to zero right?

    If all the stocks in the S&P went bankrupt,
    theoretically it could.
     
    #12     Oct 12, 2008
  3. But you never know when it's going to stop being flat... especially a slow moving one like 200 SMA... until price is so far away from it that you missed your chance to enter.
     
    #13     Oct 13, 2008
  4. Well I'm not complaining about the gain I made from having bought on Friday, but it needs to go down more so I can buy more of it :D
     
    #14     Oct 13, 2008