The thread:
Both the market and individual stocks move in waves - up and down by definition. But to change metaphors, both follow a stairstep pattern in the long run.
It is much more important to choose the an individual stock on the up escalator than when to step onto it.
Although my experience has been that if you choose well based on your own DD and are satisfied that you wish to buy, sooner is usually better than later. But that makes the penalty for a mistake greater.
Finding the stock to buy is crucial. When is not.
This thread is staffed with so many experienced individuals, I feel blessed to be a part of it.
The above is simple, yet clear and helpful to neophytes such as myself. Well done Cha2.
Earlier this week, Sir Galahad put things in perspective for me in a way that I hadn't previously thought, when he said something like...."high technology outfits create technology; service providers and others use the technology, but they themselves are low tech." Seems clear now, but I hadn't seen it that way before. Well done, UpNorth.
I would also like to add to King Arthur, Merlin, Sir Dancelot that I thought Triffin (Jim from Ct) made an interesting observation, when he noted earlier this week that another approach for the Gorilla Gamer would be to look for the tornado, then determine the gorilla....shouldn't we searching for the tornadoes????
And my congratulations to Thucydides, who continues to make Project Hunt hummmmmm.
Best to all,
Stan |
