Outhinking the market
If T. Boone Pickens can't figure out what is going on--other than recommending playing industries that benefit from low oil prices--how in earth can anyone of us figure out when the bottom is in? The investors mantra should be wait for an up trend to be established before taking or adding to a position. Yeah, pretty basic, but certainly an easy rule to bend/ignore when one believes in a Company and feels it is severely mispriced.