quote:Originally posted by raybond: I can't think how greed is good in any situtation since greed means taking extreme excess from other people by any means wich results in the lowering the standards of the many for a few to live in heaven.If greed has its good points,I don't see them,they are very out done by there by product.
some of the results of greed are poor eductaion,health care,food. Unpleasant things like war the best example of what greed can start wether a conflict or total ww. Slums,racism, It affects equality before the law and pollution of our planet and effecting the laws to let it happen. Can make a longer list but I have to run now
Like I said Greed is bad for the ones it's being done to but not for the ones who do the Greed unless they get caught or their plans backfire of course... but if successful then Greed is good for the starter excluding "definition". In other words the Ends Justify the means... for the Greedy one...
lol, Mr. Spartan,
By your definition, it's OK if I sneak into your house and murder your family...for MY GAIN.
As long as I don't prosecuted.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by retiredat49: If I never spent a minute working for GM but knew what I know about the company...my stance would be the same...
Your opinions are based on what you've heard or read...and I can tell you from "experience" that what you have heard or read about GM is pure blatant bullsh!t...
Be very careful of the media...they all have an agenda, and it is NOT to report the truth...
No offense but your opinions have been quite the opposite of other industries you have not worked at who are in the same boat as GM like the banking/mortgage/financinal industries.
And it's not everything I heard in the media that formed my opinion of GM, I used to work in a collection company that GMAC owns(ed).
-------------------- Let the world change you... And you can change the world.
quote:Originally posted by retiredat49: Tex..excuse my ignorance, I'm a car guy not a financial guy...I do know that GM sold a good portion of GMAC a while back...How did the derivatives hurt GM?
their finance arm... you know they do mortgages and other loans, yes?
Yes...I'm not that ignorant LOL
I don't think it is the reason for all their woes...
not saying that... just pointing out they also dipped their toe in the pond. The poison pond...
Furthermore, they're also *the target* of CDSs working *against* them:
quote:Originally posted by T e x: lol, you're s-l-o-w
CATCH UP!
You been saying it is "bad" this whole time and not saying it is "wrong"... bad and wrong are 2 different things imo...
OK, I'll bite...
WHAT IS the distinction between bad and wrong?
To me wrong has to do with morals and bad has to do with the outcome... is Greed morally wrong? Of course it is depending on whose morals but is it bad? depends...
on the Outcome....
-------------------- Let the world change you... And you can change the world.
quote:Originally posted by T e x: lol, you're s-l-o-w
CATCH UP!
You been saying it is "bad" this whole time and not saying it is "wrong"... bad and wrong are 2 different things imo...
OK, I'll bite...
WHAT IS the distinction between bad and wrong?
To me wrong has to do with morals and bad has to do with the outcome... is Greed morally wrong? Of course it is depending on whose morals but is it bad? depends...
on the Outcome....
To me? wrong applies to math questions and directions: "I got the answer wrong"
"I took a wrong turn."
But morals? Can't prove that all societies agree, but we can discern some strong guide posts: Don't go around murdering folks. Don't go around stealing stuff. No matter how "hot" she is? Don't be boinking your mother or your sister.
Now, ethics/regional variances? In places where they eat dog, I might join in. But to relocate over here in the U.S.--don't go skulking around the neighborhood and grabbing up peeps' pets for dinner.
I concede shades of grey, but on certain things black & white is tried, tested, and true.
Ends justifying the means in 99.99999999 per cent of human questions is an old, tired axiom that outlived its usefulness long ago. You can argue that it's applicable with modern terrorists and be smack dab in the middle of current news.
But that's not mainstream human experience.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by T e x: Frankly, that's shocking to me.
It surely does NOT square up with the same guy who wanted more compassion from GEB over the radar-operator.
If you really believe that? You're no gentleman, and I'll leave it at that for now...
I'm quite the gentleman and i didn't say i agreed with it only that it is good for some (the ones who initiate it if they get away with it)and bad for others (their victims or themselves if their plans fail) ...
-------------------- Let the world change you... And you can change the world.
quote:Originally posted by T e x: To me? wrong applies to math questions and directions: "I got the answer wrong"
"I took a wrong turn."
But morals? Can't prove that all societies agree, but we can discern some strong guide posts: Don't go around murdering folks. Don't go around stealing stuff. No matter how "hot" she is? Don't be boinking your mother or your sister.
Now, ethics/regional variances? In places where they eat dog, I might join in. But to relocate over here in the U.S.--don't go skulking around the neighborhood and grabbing up peeps' pets for dinner.
I concede shades of grey, but on certain things black & white is tried, tested, and true.
Ends justifying the means in 99.99999999 per cent of human questions is an old, tired axiom that outlived its usefulness long ago. You can argue that it's applicable with modern terrorists and be smack dab in the middle of current news.
But that's not mainstream human experience.
Wrong has nothing to do with morals and only mathematics etc.?
Then why say incest, pedophilia, murder, stealing etc. is morally "wrong"?
And the ends do justify the means if it's either for the better good. For whom it is good for or why is a matter of debate. But it's good for someone and bad for others.
-------------------- Let the world change you... And you can change the world.
quote:Originally posted by T e x: Frankly, that's shocking to me.
It surely does NOT square up with the same guy who wanted more compassion from GEB over the radar-operator.
If you really believe that? You're no gentleman, and I'll leave it at that for now...
I'm quite the gentleman and i didn't say i agreed with it only that it is good for some (the ones who initiate it if they get away with it)and bad for others (their victims or themselves if their plans fail) ...
well then, you equivocate too much.
Say what you mean, mean what you say, bro...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by T e x: To me? wrong applies to math questions and directions: "I got the answer wrong"
"I took a wrong turn."
But morals? Can't prove that all societies agree, but we can discern some strong guide posts: Don't go around murdering folks. Don't go around stealing stuff. No matter how "hot" she is? Don't be boinking your mother or your sister.
Now, ethics/regional variances? In places where they eat dog, I might join in. But to relocate over here in the U.S.--don't go skulking around the neighborhood and grabbing up peeps' pets for dinner.
I concede shades of grey, but on certain things black & white is tried, tested, and true.
Ends justifying the means in 99.99999999 per cent of human questions is an old, tired axiom that outlived its usefulness long ago. You can argue that it's applicable with modern terrorists and be smack dab in the middle of current news.
But that's not mainstream human experience.
Wrong has nothing to do with morals and only mathematics etc.?
Then why say incest, pedophilia, murder, stealing etc. is morally "wrong"?
And the ends do justify the means if it's either for the better good. For whom it is good for or why is a matter of debate. But it's good for someone and bad for others.
lol, suddenly I feel as though I'm back in college...
catch up with you manana, old buddy
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by retiredat49: By the way...
Globalization DOESN"T work...and
Greed is NEVER good...
Good God man! If a certain level of greed is not good, then why the hell are you posting on a stock oriented MB? Are we all not out to MAKE money? That's greed dude.
And as far as GM's failed business practices? Way overpaying employees. Not developing cars wanted by consumers. Sketchy lending practices thru GMAC. Producing way to many cars for the demand that was there. Ridiculous executive compensation. Not producing energy efficient vehicles. Etc, etc, etc.
because this is the MOST important lesson for anybody that trades or invests Pagan.
bulls run, bears run; PIGS get slaughtered.
never forget what your real goals are. do not allow yourself to be driven by just the money.
i hate it thatthe markets have become so much more about charts than fundamentals to so many people.
the fundamnetals MUST support the chart action.
the fundamnetals were rotten to da bone, the market crashed while everybody was reading cahrts.
greedy people LIE for money. ambitious (in the most positive sense) people go out of their weay to be bluntly honest.
we've seen plenty of well intentioned "bashers" lose it here and most of us know why too. they are basically overwhelmed by the "hype". the more critical thing IMO is to find the places to invest that have all the right stuff.
i admit that the more i look for them the harder they seem to be to find tho.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by raybond: I can't think how greed is good in any situtation since greed means taking extreme excess from other people by any means wich results in the lowering the standards of the many for a few to live in heaven.If greed has its good points,I don't see them,they are very out done by there by product.
some of the results of greed are poor eductaion,health care,food. Unpleasant things like war the best example of what greed can start wether a conflict or total ww. Slums,racism, It affects equality before the law and pollution of our planet and effecting the laws to let it happen. Can make a longer list but I have to run now
Like I said Greed is bad for the ones it's being done to but not for the ones who do the Greed unless they get caught or their plans backfire of course... but if successful then Greed is good for the starter excluding "definition". In other words the Ends Justify the means... for the Greedy one...
dude, the ends never justify the means. do you realise that you sound just like Dick Cheney?
we tortured people to get intel. forget that the intel could have been gotten without torture. forget that the Israelies don't use it because it doens't work. by torturing people we went against everything this country is fighting for. we sure as heck were not fighting against 2000 Al Queda for our very existance.
to put into a graphic novel format? the important thing is that when the caped crusader does something Immoral (as opposed to illegal) the caped crusader is no longer a hero.
greed more than implies a lack morality, it specifies it. you don't hoard food out fear of starvation because you are greedy. but if you hoard food for "fun" of watching other people suffer? you are greedy.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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GM just announced they are dumping the Pontiac brand. Damn those leftist *******s in the White House! LOL! Oops, I sound like somebody else on this board! Crikie! Didn't mean to steal your thunder there chief!
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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quote:Originally posted by glassman: dude, the ends never justify the means. do you realise that you sound just like Dick Cheney?
we tortured people to get intel. forget that the intel could have been gotten without torture. forget that the Israelies don't use it because it doens't work. by torturing people we went against everything this country is fighting for. we sure as heck were not fighting against 2000 Al Queda for our very existance.
to put into a graphic novel format? the important thing is that when the caped crusader does something Immoral (as opposed to illegal) the caped crusader is no longer a hero.
greed more than implies a lack morality, it specifies it. you don't hoard food out fear of starvation because you are greedy. but if you hoard food for "fun" of watching other people suffer? you are greedy.
What exactly are we fighting for Glass? Democracy? A Republic? No were not. Were fighting for Capitalism and spreading our products into other countries as well as taking other countries natural resources. Don't kid yourself. We are not holier than thou. We are just as bad as any other country in this world. You are blinded by your own patriotism & as they said in the Sixth Sense: They/You only see what they/you want to see.
As for the Israelis, if you think they do not torture or beat up Palenstinians and other enemies you are living in a dreamworld. Just because it does not come out in the mainstream media does not mean they do not do it. After all the Mossad has no qualms about assassinating their enemies around the world (Munich Olympics comes to mind) so what makes you think they would not torture within their own country when doing an interrogation? lol
And as for Greedy, they do not necessarily do it to watch people suffer. If anything they do such acts to cut corners and make more $$ (or gain whatever it is) then they normally would by normal ways of doing things.
-------------------- Let the world change you... And you can change the world.
quote:Originally posted by glassman: because this is the MOST important lesson for anybody that trades or invests Pagan.
bulls run, bears run; PIGS get slaughtered.
never forget what your real goals are. do not allow yourself to be driven by just the money.
i hate it thatthe markets have become so much more about charts than fundamentals to so many people.
the fundamnetals MUST support the chart action.
the fundamnetals were rotten to da bone, the market crashed while everybody was reading cahrts.
greedy people LIE for money. ambitious (in the most positive sense) people go out of their weay to be bluntly honest.
we've seen plenty of well intentioned "bashers" lose it here and most of us know why too. they are basically overwhelmed by the "hype". the more critical thing IMO is to find the places to invest that have all the right stuff.
i admit that the more i look for them the harder they seem to be to find tho.
Bottom line in the stock market or any financial market in the past, present and in the future is about MONEY.
I know you want the romantic notion that it is not but it is no matter how much you try to deny it. Warren Buffett among others does not do what he does for anything other then MONEY. It's what drives us and always will drive us because we all dream of a better life. That is the American Way. or as my foreigner friends say to me America is about the Money Culture.
And NO, the fundamentals does not have to support the Chart action. In the short term Traders/Speculators run the market and in the long term investors do. A chart is pretty much useless imo for the long term as the fundamentals pretty much useless in the short term. One does NOT HAVE TO support the other in anything. You are an investor Glass, most of us are not. We are traders for the short term. We get in and make our money and get out. How short a term that is , is up to the individual but at least less then a year.
And yes the Fundamentals were rotten to the bone while we were reading charts but the ones who forget the past are doomed to repeat it. Whenever a market, be it real estate, stock, oil or otherwise is artificially pumped up to extravagant heights it is wise to assume from past history (Tech Bubble, Pre-1929 Crash, Pre-1985 Crash etc.)that it will burst because it's been overbought. Hell reading a RSI , OBV and other oscillator charts can tell you that. Fundamentals can't. The ones who get slaughtered are the ones who forget the past.
Buffett reads nothing but fundamentals and he got burnt on alot of his bets. That alone tells you that it is up to the individuals interpretation of fundamentals or charts and that one does not have to support the other to tell you to buy or sell. Buffett should of been selling or selling short (of which if im correct he does not do unlike Soros who does).
Anyways some people use TA and some FA. One works in one way (short term) and the other in another way (long term). To say one should be used more then the other or support the other is playing favorites and nothing more.
-------------------- Let the world change you... And you can change the world.
We were given a heads up of this the morning of the 22nd. The same time GM started to inform all of their staff on all three shifts. On the 23rd it was made public. I was hoping to post it here but it is easier to see it at the following link. You can't easily upload here. And the politics in the auto industry can blind side you years later. That's not worth it for me.
This is, word for word, the memo that was sent out to all of GM's Tier One suppliers.
It's not as bad as the media makes it out to be. Not all of GM is shutting down for all nine weeks.
But that is not the real problem. What about all of the Tier Two, and Tier Three suppliers that do not enjoy a wage of even $15 or $10 an hour with limited benefits, if any at all. They are lucky to take one week off a year.
If the unions had their way, as they say, "WE WILL GET YOU HIGHER PAY". A Fully Union Made Automobile would need a mortgage.
Not going to get into all of the comments yet. I saw a few over the last week but I just got home today.
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posted
Warren Buffett among others does not do what he does for anything other then MONEY.
i know you are wrong about Mr Buffet. I know it for a fact.
one of the most important things i know about money:
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Lincoln's First Annual Message to Congress, December 3, 1861.
when that piece of wisdom is forgotten? all hell breaks loose. there is no capital to invest unless somebody creates it first with their hands.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: Warren Buffett among others does not do what he does for anything other then MONEY.
i know you are wrong about Mr Buffet. I know it for a fact.
one of the most important things i know about money:
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Lincoln's First Annual Message to Congress, December 3, 1861.
when that piece of wisdom is forgotten? all hell breaks loose. there is no capital to invest unless somebody creates it first with their hands.
The End result is always MONEY... regardless of where it comes from... we are all in the pursuit of a better life to live which requires money... Buffett and others including us would not be in this game if Money was not the lure...
-------------------- Let the world change you... And you can change the world.
posted
The End result is always MONEY... regardless of where it comes from... we are all in the pursuit of a better life to live which requires money... Buffett and others including us would not be in this game if Money was not the lure..
i'm not saying money isn't the goal.
but what i am saying is that something "inner" drives US to succeed, and when it is only money that drives us? we have lost our souls.
money is the measuring stick of our success, not the success.
i'll be the first to grant you that there's alot of soulless people running around, and Warren Buffet is not one of them.
"Even Richard Nixon has got soul"... Neil Young
i dunno fersure 'bout Dick and Dubya... my gut says NO!
when charts do not reflect fundamentals? big change is about to happen
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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but what i am saying is that something "inner" drives US to succeed, and when it is only money that drives us? we have lost our souls.
money is the measuring stick of our success, not the success.
i'll be the first to grant you that there's alot of soulless people running around, and Warren Buffet is not one of them.
"Even Richard Nixon has got soul"... Neil Young
i dunno fersure 'bout Dick and Dubya... my gut says NO!
when charts do not reflect fundamentals? big change is about to happen
Trading (and if you accept it also investing)is a War much like a poker game. You cannot have a soul or compassion. Yes, of course you do not cross the line and do insider trading, collude (in poker) or kill civilians but to win you must not let your emotions get in the way of winning the game. You can have a soul in life in general but not this game.
Buffett is certainly one of them. He plays to win and he wins by not having emotions or a soul in determining his investing decisions.
I can agree that money is a way to measure our success much like chips are a way to measure it in poker. But the bottom line in both is still how much Money you leave the table with. There is nothing wrong with money driving us in our quest to be successful. Humans created this culture and they should not feel guilty about acquiring it so long as they do not cross the line & help others in need along the way.
You need to stop thinking that Fundamentals is all that should matter because it isn't. Fundamentals only tell us the health of a company and not when to enter or leave a stock position. You can read all the balance and income statements you want but those pieces of papers do not let you make fast enough decisions to enter or exit a trade/investment.
I do not care what method people use, whether FA or TA so long as stocks are moving. The movement of stocks is all i care about. Up, down or sideways. Fundamentals do not influence that movement. Human emotions do and those emotions are reflected in charts. Period!.
P.S. Dubya, Dick and Nixon all did not have souls that is why they were ruthless. Add others to that as well like Rove etc.
-------------------- Let the world change you... And you can change the world.
posted
Even though this guy is about Greed in the classical sense and this is no doubt a copy in a way of Gekko's speech he is right nonetheless. What he says is what i feel about labor/employees in a company and a companys' stock and Money.
trading and investing are done on the same platform, but have almost nothing else in common.
know the difference or you will go broke quick.
Buffett is certainly one of them. He plays to win and he wins by not having emotions or a soul in determining his investing decisions.
Buffet buys controling interests and makes his presence felt in the companies that he invests in. he also knows that companies are just groups of people. he most certainly does use emotions and and soul. he is great man and has made many employees and investors richer than they ever thought they would be, i know many of them.
he changes the companies that need changing after he buys in. he is not a trader, he's an investor. nobody has ever( to my knowledge) even suggested he is a trader.
The movement of stocks is all i care about.
that makes you trader, not an investor. don't pretend to tell me about investing from knowledge, i bought stock before i was out of high school 30 years ago that i still have and still get the dividends reinvested every quarter.
that's investing. and i'll pull that money the minute the co makes me uncomfortable and go to another... you'd be sshocked to see what a few buck can do on dividend reinvestment over 20 years
every self-professed kid that has ever come in here and asked me? i have explained this to them and suggested that they do it before they trade.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
You need to stop thinking that Fundamentals is all that should matter because it isn't.
uh? i just listened to that devito speech? it's all about fundamentals.
fundamentals dictate how the chart will look sooner or later. the trick is to spot the chart that is wrong on the fundamentals cuz that means you spotted it before EVERYBODY else.
lemme tell you one more thing about charts. the only reason they work is cuz everybody beleives in them. the charts are manipulated by the deep pocket traders all the time. that's what pumpandump is. and if the fundamentals aren't there? the dump will be coming.
what we have seen in the last five years in the S&P 500 was just a big pump and dump. i knew the fundamentals didn't support 14,000 i didn't/dont think they were as bad as 7000....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: (and if you accept it also investing)
trading and investing are done on the same platform, but have almost nothing else in common.
know the difference or you will go broke quick.
Exactly and that is why the fundamentals do not have to support the charts.
quote:Buffet buys controling interests and makes his presence felt in the companies that he invests in. he also knows that companies are just groups of people. he most certainly does use emotions and and soul. he is great man and has made many employees and investors richer than they ever thought they would be, i know many of them.
he changes the companies that need changing after he buys in. he is not a trader, he's an investor. nobody has ever( to my knowledge) even suggested he is a trader.
I would say he was acting as a trader in the article below and lost big. I guess his Greed in this example was "Bad".
quote:that makes you trader, not an investor. don't pretend to tell me about investing from knowledge, i bought stock before i was out of high school 30 years ago that i still have and still get the dividends reinvested every quarter.
that's investing. and i'll pull that money the minute the co makes me uncomfortable and go to another... you'd be sshocked to see what a few buck can do on dividend reinvestment over 20 years
every self-professed kid that has ever come in here and asked me? i have explained this to them and suggested that they do it before they trade.
To me a investor is just a long term trader. Or at least the smart ones who know when to let go of a stock. But the majority of "investors" or individuals do not let go of a stock no matter what. Enron investors comes to mind as well as other examples (Qbid anyone?).
Imo the buy and hold method makes you less money in the long run because the stock is not sold when it's obvious it's going downhill whether through TA or FA. The old buy and hold method really should be called the old Buy and "Hope" method because that is all investors are doing. Hoping. Most if not all do not even know what a stop loss or trailing stop loss is. Hell, most do not know what a market, limit and other orders are. Those "investors" have no business investing in the stock market.
As for newbie kids, I would never suggest to them to "invest" first. The speeds are different and not suited for helping them learn the other. Can't learn investing by trading and can't learn trading by investing. One requires quick decisions and the other not.
-------------------- Let the world change you... And you can change the world.
quote:Originally posted by glassman: uh? i just listened to that devito speech? it's all about fundamentals.
Corporate raiders for the most part are only into FA because they are looking for companies that are not healthy to either put their own people on the Board or do as Larry the Liquidator does.
quote:fundamentals dictate how the chart will look sooner or later.
Always later imo because Fundamentals are not quick enough to catch up with a Technicals movement.
quote:lemme tell you one more thing about charts. the only reason they work is cuz everybody beleives in them. the charts are manipulated by the deep pocket traders all the time. that's what pumpandump is. and if the fundamentals aren't there? the dump will be coming.
what we have seen in the last five years in the S&P 500 was just a big pump and dump. i knew the fundamentals didn't support 14,000 i didn't/dont think they were as bad as 7000....
Cannot Pump/Dump a stock without spreading rumors about it to Pump it in the first place. Charts and traders in general are not pumping/dumping any stock. They are just going with the trend and when that trend ends they sell their positions off causing a chain reaction. That chain reaction can be to the upside or downside. Like i said Trend Following.
There is no manipulation imo except when everyone reacts to a rumor whether false or true. What you see on a chart is nothing more then Human Psychology and what traders like me and others do is react to what is seen in the humans' psyche as represented in that chart. It helps us determine when to enter or exit a stock or any other financial market. FA can't really do that imo.
-------------------- Let the world change you... And you can change the world.
posted
Cannot Pump/Dump a stock without spreading rumors about it to Pump it in the first place. Charts and traders in general are not pumping/dumping any stock.
when a pumper chooses a stock? he/she buys into it big.
when i began trading? i had a very specific goal and reason to do so.
i didn't reach my set $ goal, but i did get close enough to acheive the reason i began trading and that was to raise money to start ny glassblowing busines, i did enough to get it going, i now work ten times as hard (physically) to (currently) make less money.
i will make much more $ before long, unless i die too soon, because i am a stubborn SOB.
my point is multi-fold.
i had a goal/reason. i do what i want not for the money but in spite of the money. i work harder now because it is not about the money. of course i have to have money but it is just a tool, just like it was in trading.
so about th emanipulation? i learned within the first year to spot a pumpandump BEFORE the pump simply by watching the charts and using a SET ofscreeners tweaked very precisely and then compared to each other.
i gave simple explanations on how to do it many times here.
the charts are all history. they mean absolutely nothing unless EVERYBODY agrees on what they mean. it's all voodoo. voodoo is BS, except to the people that beleive in it.
i got in on many pumpandumps before the pump because i wtched for unususl and relatively minor fluctuaions in volumes with almost no changes in prices.
the charts are painted by th etraders. you can move into a stock slowly and quietly for a couple of weeks and then pump it. all you have to do then is hit the ask as few time or even bid above the ask, and they'll accomodate you by raising the posted ask.
i posted how to do this many times. charts work because people think they do. voodoo works because people think it does. the fact is that voodoo and chart reading are simply mind control.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
Imo the buy and hold method makes you less money in the long run because the stock is not sold when it's obvious it's going downhill whether through TA or FA.
once again i will tell you to look into buying your local power co (gas or electric) directly with them and do dividend re-investemnt.
i hold thru the ups and dwns because i get MORE shares for my dividends when the price goes down. hen i get even more dividends for even more shares. it's called compounded interest and every single serious Investor maximizes the potential of this with larger part of their Capital.
think about it.
that's investing. it works. it takes discipline whne you want the Corvette and you can pay cash for it? you buy the Fusion and keep on investing
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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