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A comment on LinkedIn shares drop 40%, erasing $10B of company's value. Parent comment

Re:LinkedIn shares drop 40%, erasing $10B of company's value by e40 on Friday February 05, 2016 @08:20PM (#11046016)
Timing is very difficult, I've been told over and over again. I personally think it's easier to time the top rather than the bottom. The reason: the fall is always preceded by lots and lots of people forecasting doom and gloom. I got out of Sun Microsystems stock (and some others) at the end of 1999 for that reason. Sold at $150+. Months later it was at $5. Now, I'm no prognosticator. I was looking to buy a house in the future and knew I needed to convert to cash at some point. So, I was sort of hyper aware of what was going on and at the end of 1999 I just couldn't take it anymore.

I'd love to hear how people timed the upswing from 2008.

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Re:LinkedIn shares drop 40%, erasing $10B of company's value by vadym909 on Friday February 05, 2016 @10:02PM (#11046333)
Got in close to the bottom with the QQQ in 2009. Chickened out and thought we'd reached a top in 2013 and cashed out. Was sitting in cash for 2 years.

Now I believe we're going down. I'm shorting through options to get some bigger action. 3x from SQQQ not good enough- so buying 6-12 month puts on Cloud companies and QQQ. Didn't get in it at the top - started at about 10% below the top.

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