I am tired of going to the hospital after getting all cut up from catching falling knives.
Really, I think if you take a percentage of gains someone could make from them against a stable growth stock like EMC or INTC I think the returns would be far higher. The thing I have found with knives is, It would work 4 out of 5 times but the 5th time someone who was in taiwan would get back and go OH MY GAWD I AM BROKE and dump their holdings onto the market just when you thought it was safe and it can tank another 50%.
it is better to wait a few days/weeks until it stablises and buy in, even if there was a retractment of 50% after the bounce, Its a lot safer. yea playing IOM, WDC, SEG, VVUS, NETA, AMAT, INTC (heh), DELL, has left my hands in tatters. At least with INTC you know it will recover and not go down more than 66% off the highs if really bad. I got AMAT @ 55/47/38/30/28 to see it go to 22. Actually its a much safer bet shorting it on the bounce.
Heck the easiest way to make money is to buy stocks like SEBL/MSFT etc when the markets weak due to index funds selling and than any other way since you know the funds will push them back up when the markets recover, just look at EMC's chart.
And both INIT and NPLS seesm to be getting ready for some major moves here. |
