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Strategies & Market Trends : Ride the Tiger with CD

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To: kacy_in_LA who wrote (56638)7/8/2006 1:24:04 PM
From: Canuck Dave  Read Replies (2) of 312719
 
Yup, we ain't in Kansas anymore, Toto.

What worked 20 years ago does not work today. My best trade of the past year was that 6 month hold of NGX warrants, 15 cents to $2.15 . My best investment right now is the BWR warrants (which don't expire for 2 more years) I got for 14 cents. The PM market was good for about 6 months there between November of last year and the end of April, and that was where the money has been. Six month holds. Who knows when we heat up again.

I got this idea from the Epic American Bubble thread, but I really like the concept of DTTFTY (Dow ten thousand for ten years). Dow first punched through 10K in 1999, and here we are, with 3 only years to go. Factor in inflation and/or a weaker dollar, and it looks a lot worse.

Buy and hold? Fuggedaboutit!

CD
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