Thanks, today I got back to psychology and Market analysis and momentum investing that I do best. The MM's saw they could not tank this, so they moved it up to create panic buying and then figured they could force some selling from people like me if they moved it up far enough (they were right) and suck in those who waited too long and invested too emotionally.
To be successful in this Market, imo, you need to do some calculated REWARD TO RISK investing, like buying a sexy story stok like STSI, or CIEN in the mid-30's on Market paranoia, or EMLX or AMCC around $12 like I recommended a 3-4 weeks ago before they almost tripled. Ditto FLEX at $14, etc, etc. Too many hesitate and wait too long or buy at/near the top. Too many also wait for analysts to upgrade stocks. They waited until EMLX ran from $13 to the high 20's as I recall to upgrade it! Ditto everything else it seems. They often do more harm that good to those who listen to them.
I guess it is human nature. I have a hard time fighting through the negatativity, too, but have learned that when quality stocks are at a real low-point they often offer the very best Reward to Risk ratio. You can't pick the bottom but you sure can start to buy in when quality names are cheap. Even a hundred shares of EMLX (or $1300) purchased around April 5th would have gotten you a profit of $2,000 or so in a two week period. |
