“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 [...]

“MY ONLY SOUND REASON FOR BUYING A STOCK IS THAT IT IS RISING IN PRICE .  IF THAT IS HAPPENING, NO OTHER REASON IS REQUIRED.  IF THAT IS NOT HAPPENING NO OTHER REASON IS WORTH CONSIDERING.” Nicolas Darvas, Wall Street: The Other Las Vegas, New York: Kensington Publishing,1964, reprinted 2002, p. 134. Actually, Darvas (who [...]

“Jim Rogers: Bob, there’s no question we’ve had a big pounding in the market in the last two weeks. So we may be due for a rally. But the market is going to be down this year and it’s going to be worse next year. We had huge amounts of money spent in 2003 and [...]

Tonight was Investor’s Business Daily Meetup Group night.  Investors all over the world who are interested in IBD trading strategies can meet on the last Wednesday of each month to share their insights on investing and trading.  Tonight, about nine of us met at a local restaurant.  There is a core group of regulars with [...]

This market just makes you want to scream, doesn’t it?  Now you know why I stay out of sick markets and sold my MHS days ago.  Here is a stock that broke to a new all-time high at the end of March and held up for a few weeks.  It seemed like a good “defensive” [...]

“Want to know how to make a small fortune in the stock market? Start with a large fortune!” I thought you would probably want me to back off of the strategy discussion (see yesterday’s post) and to return to my take on the market.  A number of people have written to me about going short.  [...]

“it is utterly useless for us on the outside, who buy and sell comparatively small blocks of stock, to conjecture about what “they” are doing.  We cannot know what the insiders intend to do, but we can see their orders on the tape when they execute them.  That is why my plea is for everyone [...]