Ok, so what lessons are we learning from this???

[deepinwonder]

Mine:

When big money is selling off, get the hell out of Dodge.

Don't ignore any red flags, no matter how small or weakly they are fluttering.

Read the news constantly to stay on top of what is going on with your companies and the world.

Don't put posts on the internet about personal accountability, or someone will jump on your face.

Keep a positive attitude and don't let downturns or losses get to you.

[Damon]

All good lessons.

I'm actually up 1% so far today, so I'm in a much better mood. :D

...and come Sunday, the gf and I be having my our "cheat meal" for the week. Sunday brunch at Market City Cafe. Warm italian bread fresh from the oven with olive oil and balsamic vinegar, an italian sausage omelet and a blood orange margarita. Something to look forward to no matter what happens for the rest of this week.

Plus, I'm pretty confident that most of my holdings will recover from this mess nicely. I even picked up a few more shares at a nice little discount.

[englishman26]

Sell everything remotely cyclic at the end of september.

[JerryCecco]

I sooooooo glad Kramer was going nuts last nite on his show about PLAY. I thought I would "double up" but instead I let the followers bid up PLAY to the news came out on briefing and sold all for small profit...

I so glad that news came out that the market anticipated, I always sell into good news...

Because I know the shorts in PLAY will say "well the news is out now, nothing more to be scared about... SELL SELL SELL"

[Mike VB]

I'm still learning, so I'm just soaking it all in for the moment :)

[deepinwonder]

Damon, I learned a lesson in weight control. If I tell myself I can't ever have something, then I want it all the time! LOL

[deepinwonder]

I'm still learning...

Me, too. Before I started watching Cramer, I would just buy and hold a few stocks forever and he finally gave me the courage to sell them off, instead of waiting forever more for them to go back up to their highs, which they never did. That would be another lesson I learned.

[Pierre]

Buy low, sell high!

[englishman26]

I agree deepinwonder - Cramer has taught me a lot.

My losses are my own fault and I continue to learn - as i hope i do until the day i die!

Cramer should be able to just cancel his show when the market's this bad - it's just too hard!

[optimus25]

buy low, then sell lower. Kids, please don't try this at home. Its hazardous to your portfolio...

[optimus25]

All joking aside. I know Cramer doesn't like buy and hold but I really do believe in buy and hold if you can find the right stock. Finding the right stock to buy and hold these days are difficult.

For those who want to look into fundamental investing for the long term please go out and read "The Intelligent Investor". Its a great book.