Dennis Michael, Gary....I do not buy here, because I am comfortable with my % holding, but I still see the stock as a buy/strong buy...
Last October 8th, every stock in the world looked horrible on the charts, Cisco had been down 8 days in a row....I bought at 42, figuring that (a) I always wanted to buy it (b) the world collapsing thing was overdone (c) Cisco (Naz, Dow) were all down heavy (buy low, right?)...Cisco now at 109 or so....
So, needless to say, I don't always believe the charts, although I usually look at them to find an entry-point I am comfortable with...I have never met anyone who has made a lot of money relying solely on the charts, but if it works for you guys, great.
In bull markets, you don't always get such great entry points....I infrequently day-trade, and like to hold my positions a while....I will be happy if EMC can make 30% this year from these levels...sounds like you & Gary are seeking a much quicker fix...
BTW- No fair comparing anything to AOL..that is the exception to the rule, for sure...
So, good luck daytrading and pass us a good tip now and then... |
