OT: We are a grim bunch, aren't we? Everyone says let's do what let's us sleep and play in peace. But DO WE? Noooooo.. We spend our time reading SI, checking quotes, and calculating just how much money we made or lost each moment of our lives. Check out our friend Lucretius, who posts all hours of the day and night. Does that guy ever sleep? Does he have a beeper attached to his "inbox" on SI? (Just tossing a friendly jab your way, Luc.ggg) He's probably a really tame, laid-back guy on weekends and holidays. He might even be someone LongOnDELL could get along with! His posts sure become a bit nicer/more mellow when the markets are closed than when they are open.ggg NO wonder we're so much more peaceful on weekends and holidays - the market's not open!ggg
I don't like much of what Peter Lynch writes, but some things he says ring true, I believe. One thing is that the more frequently you watch your stocks, the more likely you are to do the WRONG thing. Usually, that means selling when things are heading south (because you're so emotionally punished and tortured watching your hard-earned money disappear into someone else's pockets) or when things are heading north (because you're afraid of missing the boat, train, rocket, or whatever sails, rides or blasts off when stocks go up!).
While I understand everything above, and I'm sure everyone here does, it's very difficult to practice and I'll admit that. That's why I set my stops and let em stick.
The honest truth is that, for a non-short term investor, now is probably a good time to buy some of these stocks. But that's why I always post and ask who's really buying? We are a great study in market psychology, friends....
Thanks for listening... comments, as always, are appreciated..
Baz
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