Stonefox RE: PUMP n WINVery well said Stonefox. I would have said the same myself.
If truth be know, this buy and hold philosophy, and at all costs is what makes a person lose a lot of money in the markets. It's one thing to be long a stock because you think it has very good prospects, but it's stupidity to think your stock will continue to go up for ever, just because you are a die hard true believer no matter what.
If you want my advice, watch the technical indicators for entry and exit alerts. We all know the fundamentals are ok, or we wouldn't be giving a stock a second look. Finding trends, and following them is what will most likely make you more successful. Kind of like riding a train. Know when to get on, and where to get off. Our train has been going down for quite sometime now. Soon it will be time to get back on, if you are not already. Those who watch the technical indicators know what I mean.
Good luck to all.
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stonefox
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3/20/2010 3:28:34 PM | | 60 reads| Post #28051312