biz.yahoo.com
Buying good stocks didn't work.
Ah, but that's the one rule that was broken that always works, so it's a break that will heal.
I had no downside cushion other than cash, so I've gotten killed (for me, not relative to the hit that most NASDAQ investors took). I held the "N" stocks, lots of them, through the slaughter. Ugh. However, I was putting the cash to work yesterday, and I'm going to run some checks over to broker Monday. Plan on emerging a winner.
Hope everyone has a strategy for WINNING.
I continued to play scalps yesterday, but could only find two, one for a decent chunk and a second for a chippie. Urge everyone to pick their favorite issues this weekend and to write a review of "current status" for the company-specific threads. Biotechs came down with the dot coms. As we pointed to, in this thread, valuations were often absurd and many analysts were just plain irresponsible with their projections.......
Message 12982462
However, the correction took the under-valued down hard with the over-valued. No bounce? Who cares? If one buys good stocks that are undervalued, one will win. Don't put margin to work on stocks where there is no defined downside protection.
Biowa...... NPSP intraday chart for yesterday was up all day from the open. Congrats! Hope you have the energy and time to write a review for the thread!
Lurkers..... this is your chance to unlurk. Pull out your favorite 10-K and cut and paste.
Good luck, all! |
