Morning Tom, kind of like throwing a pass blind folded isn't it.
Yes I well understand the princple of buying and holding the Dogs, and that it has outperformed the DOW normally...but why not use the list as what to buy and P&F as when to buy, as is normally the case.
Looking at AA, the RS is at 7.66 and will reverse back into O's at 7.5 not overly strong at this point by any standard that I can see. Plus , is one to ride it down without any stops or plan other than to hold on tight for one year and never look back.
If the DOW tanks and goes to 6000, are you going to say, "well gee, we are only down 18%, instead of 28%???"
I for one do not like buying in to any issue that is contrary to the plan. You my friend got me on the straight and narrow using P&F and not letting any other outside factions interfer with the process. Now comes AA ... How does one explain to those learning P&F that in this case it is ok, not to follow the rules?
Are there other cases where we break these same rules???
Having just spent the last 18 months spreading P&F to newbies in Europe, I for one am not looking forward to trying to explain this one.
What a can of worms, well maybe I can hope they are TOO busy Christmas shopping and are not following this...but don't count on it...
Sorry Tom, but in this case I cannot agree with buying AA no matter how strong the other issues are currently. Just My Opinion my Friend.
Have a Great Christmas
Later Preston |
