I sold everything I had at opening on March 2nd and recommended my family members do so as well. While a couple did, unfortunately others got stuck in the perpetual "it can't go any lower!" trap and held throughout.
I agree that long term everything is very likely to recover, but it's painful seeing loved ones watch their savings diminish day after day, especially the older members - I wish they would have sold last week and realized the potential to re-buy at a later date and lower price, or just held cash for now.
My initial plan was to short my (just sold) holdings for a small gain followed by re-buy, but wimped out of pulling the trigger so have sat on just cash since myself.
Put a chunk I'm comfortable with in an order for SPXS last night when the NBA and flight restriction new broke within a five-minute span. If anything a wild ride ahead but obviously monitoring very closely.
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"I think the eye test is still good, but analytics can sure give you confirmation: what you see...is that what you really believe?"
Scotty Bowman, 0 NHL games played
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