I have hunch ,,that FORSF will go to 38 - 40 and will rise faster than SYNT did...
Also buy TAVA look for 10 3/8 - 10 1/2 entrance,,it also is on a break out ..
For those with small budget,,don't get discouraged,,even buying in 100 lots also will see a great appreciation .. imagine if you bought 100 MSFT 5 years ago or 100 DELL...
We do momentum trade here,,but at same token it is wise to go long on certain stocks..
True Story
2 years ago a nice Jewish lady passed away .. all her life she worked for IRS making 400 a week auditing without a promotion,,in 40s 50s and 60s Jewish and woman did not get promoted,,,, she realised that the people who were in the highest income bracket invested in the stock market... every time she got paid she bought stocks,, she would see a movie she liked and would buy the stocks in the studio ,, she had INTC,,IBM ,, did it Peter Lynch way,,,taste and feel the product...and bougt 50 share of this and 10 share of that .. she lived alone in a run down west side studio apt, in NY city wearing same cloth.
Of all her family only one niece would visit her once a year.. After she passed away her Jewish Womens College got a strange call from a lawyer.. but secretary refused to hand the phone over to chancellor thinking it was some sort of lawsuit.. after several months,, contact was made,, and to schools amazement,, this woman bequested 22 million dollars to the school and left $40,000 to her niece..
How did she mass such a fortune ? Her Broker at Merril Lynch says,, she started buying from 1940s to the day she died,,and never sold,, through the oil crisis ,, 87 crash ,,
There is a moral of the story in there some where... my feeling is,, to combining long term investment with aggressive momentum trade.. and always be flexible..
Remeber, only on Tuesday ,,oil was getting punched,, as we said there must be a bottom some where,, and even yesterday I was nervous and sat out on PTEN and TMAR,, well today ,,every one loves oil ... and business week is featuring oil stocks..
Remember,, buy the stocks,,when every one hates it at the bottom ....
Soon we go short as index gets bloated ,,with exception of y2k stocks..
Look how Pru and MMs screwed SYNT just last week so they can scoop up more shares,,SYNT went down from 38 to 29 ,, well now it's back up to 38 ,, guess who made money both going down and going up ,, only few smart traders and MMs.. I called SYNT to 28 - 29 and sure enough it hit that.. as Nanda can testify ... |
