Mike posts his last message on the Gen-X thread!
Ariad is 2 by 2 3/8ths today, what a
rip off. There is no doubt in my mind
now that the MM's are a bunch of theives:
And that I would really like to be one:-)
I told myself that I would take a break
from SI when I reached my 100th post, after
all, you cant really do much trading in a
bear market, if that is what we are in. And
I really need to let the stocks I own cook
awhile. Also I find that when I get on my PC
I waste a lot of time, time better spent doing
any number of things.
If I come back, it will probably be with a new
thread. I guess, if I had to come up with some
sort of conclusion for this thread, it would be
20-year investment strategy:
1. Spend less, save more.
2. Biotech could be good sector over the next 20 years,
buy and hold cheap biotechs--also funds, like the
Hambrecht and Quist lifescience and health funds,
trading at a discount, cant beat that.
3. Foreign cef's are way down, I like Southeast Asia
long term, keep in mind better educated populations
like Japan, Taiwan and Korea. China just because of
its size is one to average into.
4. Avoid things that are easily commoditized. I never bought
into chip stocks, disk drives etc.
5. Shorter term I have Natural Gas utilities fund--My
hypothesis is that La Nina should give us some periods of very
cold weather in the north half of the country this winter, with
demand way up and the price way down, could be a good sector
for the next six months. TORO could be a good stock too;-)
Anyway, with that I hereby close down my gen-x thread, Happy
investing, good luck.
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