Sometimes the contrarian methode works, sometimes it doesn't.
But as well as being the contrarian, I have to know a little
about the products as well. This helps. If they have no products
then don't invest.
Wow, Microns graph looks good to me. But I don't know much
about what they do, and I only have time to learn about so
many companies. I wish I had time for more. What I really
need is a program that could somehow sort through all of
the info, and remove all of the redundancy. Thus my reading
would be much more efficient. For something like Micron, I
would only invest a little bit of money, as they look just
as bad as they look good. Again I would have to do the
research first. But, since I just spent all of my money
on realestate I currently have verry little for the stock
market. I just wish that my mutual funds would go up so
that I could sell it and get in on all of these great deals.
I would guess that Micron is having trouble because of the
current memory prices. But, next year or soon after, memory
prices will recover, and all the related bussinesses will
be back in bussiness. And the weakest ones that are still
around will be the biggest money makers. But, since I don't
know about Micron, I am only guessing. But if I had $10k
available and nothing on margin, I would most likely but
$1k into Micron.
The money that I have made is mostly in stocks that have
doubled and tripled in value over about a year or two.
Compaq was my bet one. Gambled with about $3k, ended with
$13k. My biggest mistage was GENZL. Bought it at about $6,
and didn't sell when it got to $29. Now I still own my 334
shares (strage # since I originally bought 600 shares of Biosurf)
at the current price of 7 7/8. I sure wish I had sold. So,
basically my current losses is money that I have never had
anyways.
Terje
Terje |
