Gator, who reads the crystal ball? "At least we always know when to buy and sell based on past patterns..." Are you serious dude?
If anything, "past patterns" which repeat, rarely occur in growth companies. The "ups" keeps going up when viewed over the longer term. But maybe not over the shorter term. It's the period you choose to chart that forms the "pattern." That's been my experience. 1 year, two years three? Or maybe the weekly, or monthly view? Usually, if you're investing with the lunch money, i.e., a "trader", you might need to move in and out quickly, but my point is that the "long" chart is way different from the "short" chart. What is your comfort level with holding on?
IMO, a lot of recent stories about consumer spending going down have caused warranted concerns over the possibility of reduced future earnings growth, and have forced some investor groups to "lighten up" for the time being. However, the tax man will increase IRA/401kcontributions and investors with cash etc...up until April 15. The cyclical nature of the biz is about to repeat the revenue generating quarters for the company.
Meanwhile, the weeds are growing, the grass is high and we need them Job's Spikes like usual. We've got a base above 5, held well in this wacky week, so far. My sources are suggesting a new acquisition is close. If this is well-managed as the others were......Hold on, if you can. The 3X will be the 5X soon.
Cheerio,
Kam |
