Archive for May, 2005
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“I often think of trading as similar to a hobo trying to catch a ride on a freight train. The hobo knows he wants to travel West and knows the direction. So he waits by the track for a train to come by heading West. He jumps on. He does not have a schedule and [...]
“The right way to do it is to pyramid. I have a buying power of 1,000 shares. I think Studebaker is going up. I buy 100 shares. It doesn’t go up when it should, or worse, goes down. I sell it out. The loss can be charged to insurance, or experience, or as necessary cost [...]
I have a confession tonight. The past few days I have been saying that I do not fight a downtrend and stay mainly in cash or short. Well, I am not perfect. I could not resist nibbling at a stock that was resisting the downtrend. For several weeks now, Cramer has been recommending GOOG as [...]
I think you do your listeners a disservice. Mutual funds must stay invested, individuals do not. About 70% of stocks go with the market indexes. When the indexes are declining as they have been for weeks, it is your duty to tell people not to fight the trend. Get out of the way, safely in [...]











