MH...
I don't know, it just wore me out some years ago when I kept trying to figure out the ups and downs of stocks. I gave up. It is so much easier on the nerves to just get a shopping list, wait for an entry point, buy...and hang on (making sure to keep tabs on the story so it doesn't change on you of course).
I used to think about dead money, trending, overbought, oversold, blah, blah, blah until I couldn't sleep. I decided it just wasn't worth it. Not to be a smug so and so, but I just shake my head when I keep reading about what people say when making predictions about the NASDAQ, QCOM, whatever. They just don't know. This China thing was a classic case.
The problem with Q is that they have sooooooo many things going on in the labs that to make guesses about what the stock price will do is kinda silly.
I guess this is what is behind my perspective when I make comments here. I honestly feel that making predictions about stock movements is counterproductive. I know that TA is helpful...I try to use it myself when figuring out when to buy things...but that is where I leave it. Once I have selected the tiger, I just hang on to it's tail for dear life. So many people get shaken out of good stocks because of all this support/resistance stuff. It bums me out. That was what was behind my long winded post to you a couple weeks ago about your trading. I guess it comes off more condescending than sincere. Being sincere is what I am.
EMC, CSCO, JDSU, QCOM, HD, SUNW...such major players, so easy to own, so relaxing.
Good Luck.
Rick |
