Shaw,
anything and everything can happen in the market.
there's a time to be long and a time to sit idle.
no doubt that technology is the next frontier. no two ways about it. however, one also need to look no further than when all the car companies were the rage,,and now we have the big three
,,,heck look at all the internet companies that were the rage just 12-18 months ago. how does one decide who will survive and who won't?
it goes back to trying to find a fundamentally sound company at reasonable valuations. the valuations placed will simply be based on supply and demand. right now,,,there is no demand and so the stocks are on sale. how low can it go? who knows?
in my opinion, that's where PnF has been of most use.
if i have an endless supply of money,,,,i'd buy on every dip on companies that i think will be around and growing for the next 20 years. i don't have that luxury....so to be most efficient,,,it's better not to try to guess how low it will go....because they all seem to go lower than we expect and then we let emotions get in the way and we lose our sight of what the plan had been.
most people don't have a plan. when there's no plan,,one is simply gambling in the market.
of course,,,all just one person's opinion.
mike |
