Wild Day Expected ...
Today is the last dayof March 2006.
Do you know what that means?
It is the last day of first quarter as well.
There will be a lot of portfolio adjustments going around.
The market will be wild. Up and down for no reason.
I need to buy SYMC today.
Hopefully for a good decent price.
Here is a Lesson #1:
Q. Isn't it better to buy SYMC when it was at $16 rather than at $17?
A. No. We all need to pick an entery point.
When it was at $16, it was still in the down trend.
It may be stuck in the 15-16 area for the next 6 months.(never tie up your $)
We need confirmed breakout move before deploying our troops($).
The break point for this was about $16.7
We will only buy if it breaks that, and it did yesterday.(went as high as 17.14)
Can this come back down? Could it be faulse positive?
Yes, and yes. But we play the odds.
Odds are better if you py higher price than buying at the low.
If we are wrong, I will tell you and we move on. It's that simple.
We only have about 10,000 different stocks to choose from : )
P.S: Never mind what others paid for a stock. Who cares?
As long as you can make some, that all you care.
I see too many people miss a stock by not acting on it because Dick bought it for lesss.
Sometimes you will miss the boat, sometimes you get lucky.
Oh! what-fun-it-is-to-ride .....
Do you know what that means?
It is the last day of first quarter as well.
There will be a lot of portfolio adjustments going around.
The market will be wild. Up and down for no reason.
I need to buy SYMC today.
Hopefully for a good decent price.
Here is a Lesson #1:
Q. Isn't it better to buy SYMC when it was at $16 rather than at $17?
A. No. We all need to pick an entery point.
When it was at $16, it was still in the down trend.
It may be stuck in the 15-16 area for the next 6 months.(never tie up your $)
We need confirmed breakout move before deploying our troops($).
The break point for this was about $16.7
We will only buy if it breaks that, and it did yesterday.(went as high as 17.14)
Can this come back down? Could it be faulse positive?
Yes, and yes. But we play the odds.
Odds are better if you py higher price than buying at the low.
If we are wrong, I will tell you and we move on. It's that simple.
We only have about 10,000 different stocks to choose from : )
P.S: Never mind what others paid for a stock. Who cares?
As long as you can make some, that all you care.
I see too many people miss a stock by not acting on it because Dick bought it for lesss.
Sometimes you will miss the boat, sometimes you get lucky.
Oh! what-fun-it-is-to-ride .....
posted by Jaewoo | 8:40 AM
3 Comments:
Very pretty site! Keep working. thnx!
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I say briefly: Best! Useful information. Good job guys.
»
Nice idea with this site its better than most of the rubbish I come across.
»
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