Morning SF Jenna & All Gemmers
while yesterday was scary for all of us...this was nothing more than simple profit taking from all time new highs...each and every time we break thru milestone numbers, we retreat..this pattern continues to happen over and over again & again...
each of us has to stay the course...protect capital at all costs...trade with stops, don't chase, use limit orders like the man said yesterday..a very good point...don't worry about missed opportunites since we have so many wonderful selections here each and everyday...
as to external forces...remember the markets sentiment & mentality changes with the weather..day by day, and sometimes minute to minute..is the FED going to raise rates...NOT A CHANCE, but the streets thinking about it..so it must be true..OIL going thru the roof..i've said that the markets can & will tolerate $20.00 Oil..it;s just a good number for all of us..the World and the companies that live from its use & production..
as to the markets??? pullbacks in Bull Markets are normal..this market is very powerful..full of liquidity, that fuels its constant move upward and onward..all corrections should be bought..all dips should be bought...continue to add to your long term portfolio every chance you get...sure we can daytrade swing/position trade too..BUT!!! put some stock away for your retirement...
it is my perception that the INTERNET Co's & their stock, is where to invest for the future...thru all areas of this incredible sector, continue to embrace these co's and their explosive growth potential...buy the entire gamit of all sectors within the confines of the Internet..Banking, E-commerce, Portals, etc etc etc...and search for other companies that supply & manufacture products for the sector, because they will prosper as well...
don't worry about the violent moves in these stocks...don't worry about all the soothsayers about valuations, and such...we all know that they are very overvalued TODAY...but how about 5-10 years from now???...think AMZN, will be at the same price then as today??? How about AOL-EBAY-NTBK-TBFC-DCLK-RNWK- ETC ETC YOU GET THE IDEA...
so keep your powder dry...we are witnessing a wonderful phenomenon right now...the expansion of all aspects of investing, on-line trading, and the potential for 24 hour trading coming very soon...does NITE-NDB-SCH-SWS-EGRP-AMTD sound like winners to you???
think about this...there is so much money trying to find a home for trading and investing, that it literally puts a floor under this market...so invest with gusto, care and prudent strategies...
i see that people are taking some steps to refresh & rest...this is always good to recharge the batteries...good, do it alot more...
IMO, The Best is yet to come...good luck...Jerry |
