Jeff, pardon me for offering an unsolicited advice. Last year without much knowledge of the company I bought NFLI for a qucik trade. (I rarely do this.) After, I bought it I dug more about the company. I didn't like what I bought. The reasons for my buy (short-term move) were still good. But, I dumped it the next morning for commission loss. The stock closed up 5 points that day and I did not regret my selling.
There is nothing wrong in selling vitamins. But, the biggest drag for me was their maketing. I personally dislike all network marketing companies, including Amway. Also, it doesn't help if key company officials have criminal record. My advise is this - there are about 10,000 companies traded on the three excanges. You can easily find a handful of good companies with great fundamentals. You don't have to get stuck with companies which has criminals at the helm and with questionable ethics.
You might ask, if finding good companies is so easy, why is that many people lose money in the market. The loser is in the mind. Simply stated, emotional trading makes you lose even with good companies. Irrational decisions stem from three basic emotions greed, fear and hope. If you have the discipline to control them, you will make money in this market.
You have been briefed!
Good luck!
>>Mohan |
