Cramer was pretty bold today in outright calling the bottom in the market. I'm sure the Cramer Bandwagoners are going to hop on the wagon tomorrow and buy up stocks. Most of you are probably familiar with the term capitulation. If you don't know, capitulation is basically when investors finally give up on the losers they've been holding and sell at any cost (panic selling). What's left after all the holders have sold? Buyers. Buyers will eat up the shares and then thats where the reversal happens, or so they say.
So about my portfolio. I've been holding some huge losers for a while. LDK is down over 75% since its highs at the end of last year. Either I'm a sucker and stubborn, or I'm still not panic-ing, yet. I guess when I finally get in that panic mode where I feel I need to liquidate, I guess thats when I should be buying. I'm sure theres a lot more of you guys out there that are still holding on to losers.
Although capitulation is hard to pin-point and identify, I think we still have quite a crisis to go through before we hit bottom.





