<<22.80 on smd?>>
Yes, I've said I always buy high (24.5) and sell higher. Donnie is a much better bottom fisher.
But I got a few 100 Crft at the bottom.
Free advice for anyone
1. I've had some type of investment for 50 years and there is always more to learn.
( I have learned to dump a tanking stock in ten minutes-Tsco, Amzn, Gnss)
2. This market is h$$l for LTBH players IF they try to stay up with the news.
( Financial news is purposely tilted toward causing discomfort and churning)
3. Whenever Greenspan is scheduled to talk, one should, if not a LTBH player , sell every equity.
( My friend George has done this twice in the last few months- brilliant moves, but definitly not
suitable action for everyone )
4. Whenever the public is led to excesses the system crashes.
a. Gas stations on all 4 corners of an intersection-bad news
b. Glass buildings of Savings and loans all over the place in the 80's- beware.
c. Silver at $50/oz, oil at $50 barrel- watch out
And therefore I am still concerned about too many being invested in (risky) equities. Mr. Greenspan recognized that and tried to fix it, but the only way to keep people from putting their money in equities was to make it nearly impossible for anyone to win So today we find all the old rules for successful investment
have become obsolete and people are desperately looking for new ways. Trusting a broker to do that
can be a very big mistake.
Beyond investing there is another aspect to success well described in Bruce Jenner's book.
Try to find what you like best to do( or have a talent) set a goal in that field, put everything you have into achieving goal, associate with the best players, and discuss it with them to learn.
Todays examples could be:
Mr Greenspan
Pres Bush
Michael Dell
Mort Topher
Gene Autry
Michael Dell would be the clearest example to look at. His goals are very clear and publicly stated and
beneficial to any company using his products or system of on-line purchasing. Reducing the cost of computing
is also beneficial to America since it makes it more difficult for foreign countries to " take over" the product lines.
But its also beneficial to companies in Asia who produce many components, because it gives them firm and much needed contracts and stability. And on-line operations also make for better use of the WEB.
Now when one is being successful, its a whole new ball game where people and customers become eager to
support you, leading to more success, etc.
Pres. Bush is on a roll also, getting major support, world wide, for a well-defined mission because the goal is well defined.
Sig (and thats enough for today)
( I have no idea how Dell stock will do short term but its one get-out-and -go company) |
