You don't try to pick bottoms. You have to wait for the move to put in a bottom, test the bottom, and retest. Each successful test gives you more confidence. You still aren't justified in buying.
Well, Oh Wise One, spewing drivel again, I see. What a bunch of hooey!
Sounds like you are reading from a money manager's pamphlet on how to convince your clients that their money is safe with you... Or, maybe how clients can avoid making money after paying you your "hard earned" commission.
"Listen, Mr. Client, it easy. All you have to do to make money in stocks is wait until they go up and then buy them."
Let me get this straight. It's a "sell" at $18, and a "buy" at what, $50... $60...? What, when you're sure that your client will be able to grab the last 10% of the run.
I guess you're one of the sheep waiting to buy from me when the stock is overpriced.
Buy low, sell high!
It's time to back-up the truck!
-Dave |
