Saturday, March 29, 2008

What Have I Learned?

If anything - once the market is in a strong uptrend and everything you touch seems to make you money - put in stops - 10% is a reasonable stop because, once the trend turns, I usually find myself holding stuff that's down 30% or more. No kidding. Yes, this means you could get hit hard in commissions if you have a lot of positions, so that's something to taking into account.

Saturday, March 08, 2008

Predictions Realized

IBD second guesses as usual. Went from "confirmed" rally to correction in a matter of days. What's the use of all the seminars and courses if that's all they're good for?

ADM, POT, MON are looking good. Keep an eye on the hard hit stocks too - BRCM, etc. ESRX is worth watching. DRS, HLF also looking good.

BTW, they say the typical bear market lasts 1 year - so, in a few months:) start looking to buy.

AAPL was up today, btw.

Thursday, March 06, 2008

What About That?

JOYG - up on a really down day. Looks like this one will be big.
BKE also doing well, but, buying breakout during a correction is risky. As I've been saving to pay uncle sam in April, I haven't been buying much recently. But, I'm getting tempted. The worst thing that could happen is we become a Japan - where after 20 years, stocks are still 25% down. Those things don't happen in Texas though.

SU is looking good. Not sure whether IBD have changed their tune or not. Am seriously thinking of recycling my WB holding into BAC and getting the tax break. Any thoughts on the "substantially similar" rule? I don't think IRS can have a complaint. Nofsinger was the one who gave me this idea in "The Psycho of Investing".