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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (12408)4/8/2001 7:21:46 PM
From: mishedlo  Read Replies (1) of 13572
 
Also, you are not going to be able to define the exact point when the bottom happens. When it's obvious, you might very well have missed out on the 20 or 25% of the gains. I know the following investment advice is boring but at this point in the sell off, it might be the best course action for those investors that are not in it for the sport of it all and have long term investment horizon to start dollar cost averaging

Greg, I really can not believe you are advocating $cost averaging. There is no reason at at why stocks can not fall in half from here. There is no reason at all why we can not have the dreaded L bottom. Any bounce we do get will likely be re-tested. Dipping here is for nimble traders like Zeev, not for LTBH IMHO.

M
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