I haven't lost any money, and most probably will not lose any. In case they have not told you, you only lose when you are foolish enough to sell, and also, you have to take RISKS to BUY LOWER, and HOLD to SELL HIGHER. This is not for the faint of heart, INVESTORS are the SOLUTION, TRADERS are TRAITORS. I just buy more when a stock goes down temporarily from where I jumped in, that's called DOUBLING DOWN or COST AVERAGING, that is the smart way to INVEST. The first and only question is will this stock DOUBLE someday, IF not WHEN, that's the difference between and impatient WHEN TRADER and an rational, IF INVESTOR, once the IF TEST is a YES, then just BUY IN, and HOLD and when it DOUBLES sell HALF, keep the FREE MONEY OFF THE TABLE. The rest of the market methods are buying the wrong company period, that is failing the IF TEST, you have to BUY VALUE, BUY LOWER never at a high, never chase upwards past highs but do chase down, if the company has a strong product, in a growing market, with real earnings, real P/E, real EPS GROWTH, profitable business model and good managment. The last is last, because a Great product can sell itself, in spite of fools running the place. But earnings are critical. I never lose money, I always make a profit and never allow either FEAR OR GREED to make me afraid to HOLD or too greedy to take a profit. The rest cures itself, the WHEN is just a question of the markets recoverying BEFORE the economy and this economy is in recovery. The WHEN takes care of itself, provided your stocks passed the IF TEST in the first place and mine always do. I still buy PALM and NTAP. In a few weeks I will probably start buying chips and networkers again like INTC AMD, MOT, CSCO, COMS then later as the business cycle improve, boxes, like DELL or IBM or SUNW, and then farther and farther upstream. You GROW out of a recession, that means BUY GROWTH STOCKS like PALM and NTAP despite recent market manipulation that may drive the price lower or so, they are pretty much bottomed, markets do not bottom, individual stocks bottoms, they have, and they have GROWTH. You do not save your way out of a recession. Saving, delayed orders, cut backs, lay offs, cancelled plant expansion these are all definitions of a recession, GROWTH OF MARKET SHARE, NEW PRODUCTS, that is how you GROW out of a recession: EARNINGS.
I am,
Truly your$,
-Crystal Ball |
