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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (23418)	6/4/2013 3:28:15 PM
From: deeno	Read Replies (1) of 24758

"1. Don't buy a down trend." correct "2. Avoid stocks that have same chart in a group." Well I don't subscribe to this all the time if im buying the theme. If all were flat or up and RIO was down I'd avoid it. If they are all up or down its more likely an industry concern rather than a company concern. I personally think thats easier to get your arms around industry concerns. I promised myself I would buy more if you nixed the idea using known facts and information. Price does not beget price and the market by virtue of the answer is also "efficient". there was not one decent piece of news for the group. Even the suppliers sucked. The best I read was that "someday" they would be a buy. I'm expecting that bad news will be reflected in shallow, sharp dips. I expect many over the next number of months. Good news will be "surprising". I also expect stocks will have already risen from here by the time I get the good news. Finally, I see these as a cyclical situation not a growth story failure or fallen angel. Thats the only rationale I can use to justify my own rule about sitting on my hands when something hits the year low. Had I read anything reputable that the time to buy was now, I probably would have passed. Sometimes it pays to buy a sure loser. I'm thinking 3 to 5 years, 50% gain. I expect nothing for 18 months other than the 3% cash flow. So why now? I'm just not as good a timer as all you guys are I guess. Just Iron ore or coal prices stabilizing, China up tick, or some fear leading to a purchase of "hard" assets ought to change the time horizons for you all. Its true the two I picked may not be the leaders in that turn. Perhaps you might have a name of a non gold miner I could look up and add to my stable? I appreciate your thoughts, I'm not sure how I would have reacted if you had good news.

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