<<I agree with Sector's post about 20 msgs ago that you have to go
against the crowd, it's just that sometime the crowd figures that
out and that's when I get confused and sit on the sidelines.
No one has repoprted bad news to me about MRV but no real news to
speak of.>>
Richard many people do just that - sit on the sidelines. No price
is ever low enough - because it MIGHT go lower and they COULD have
paid less. They are so afraid of this that they do - NOTHING.
Later, when the market turns bullish on a stock, and the price has
gone up 50% or more, they jump in.
That first 50%+ is the easiest and fastest money you will ever make.
If you can do that consistently, you will do well indeed.
For example, when I bought BAY at $16, it actually dropped to $15
AFTER I bought it - so what? It then sat at the $15-$17 level for over
a month - so what?. When the market turned, it went past $24
(my 50%) like a shot. The move from $24 to $36 (where I sold) took 2
months longer. The stock actually hit $40, before dropping, so I missed
the peak - but who cares? I moved that money to PAIR at $16, and so
on.
If you like the stock (after having researched it in depth) and
it is "on sale", why worry about additional small downside risk -
you aren't selling anyway, right? |
