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Jonock
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Jonock's Blog : Some Clich are Worth Repeating

Date October 14, 2009    Comments Comments (6)    Recommended (86)   
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All arenas of endeavor are filled with their own unique set of clichs, and investing is no different .For instance Buy low and sell high is the investors equivalent of Break a leg in acting and when you listen to the talking heads on the business networks you hear these old clichs over and over again. This incessant bombardment of babble tends to numb one's mind to the occasional gem that is worth hearing.
In this period of uncertainty as, the world markets continue in a pattern of volatility, investors need to look back at history and review some of investings' old clichs. If for no other reason than to shore up their egos and reassure ourselves that, stocks will rise again and some undaunted investors such a s People and Picks members will lead the way. Whether we're at the beginning of a global recession or deep into one, it's likely that people investing in stocks over the next few months will retrospectively be the ones who realize the most profits. Rather than languish on the sidelines, wringing our hands over lost profits or unrealized gains, smart investors will prepare to reap a yield from current market conditions by mapping out which stocks will advance the most when the market completes a turnaround. One of the best ways for investors to profit from the turnaround is to discover the inevitable winners earlier than Wall Street does, this clich is well worth heeding. And since Wall Street typically buys in after a company moves out of its micro-cap phase, you've got an inherent advantage over even the best money managers on the street. What's even better is your knowledge that when Wall Street finally recognizes a company's performance, the rush to buy into that stock is often astonishing and you can take pleasure in knowing that stock was in your portfolio before they found it. This is what People and Picks is all about, finding emerging companies with the right fundamentals and situations that will allow us to use our experience and research to be on the leading edge of the market recovery.
Now for the disclaimer, just as the mutual funds always say past performance is no guarantee of future gains,....yada..yada.. My final clich . No recovery is ever the same, be cautious and diversify your portfolio.


6 Comment(s):

Author JoeCole     Date October 15, 2009 05:27 Abuse this post Report Abuse
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You would fit right in on CNBC, so say, does buy low sell high mean we should sell now or buy now?
Author Jonock     Date October 15, 2009 20:12 Abuse this post Report Abuse
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My gut tellls me every day to sell, this is not a healthy recovery. It's an artificial environment with no underlying sustance to support normal economic growth. But my head tells me a profit is a profit for what ever reason stocks are in an uptrend. The rally is being fueled by the stimulus money, so when government spending starts to dry up, I will need to grab my profits and run. It feels more like a day trader envionment and long term investment grade stocks may not be ready for picking yet. Do we buy? Yes. Do we sell? Yes.
Author MightyMo     Date October 17, 2009 22:45 Abuse this post Report Abuse
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Jonack,

Nice writeup. Your blog hits on the thesis of not 'waiting on the sidelines'. This is nice if you can do it. My PP stock picks on the last three pages of my portfolio all reflect stocks I bought eariler in the year and now reap a 50-100% gain. However, it was easier then when these stocks were way undervalued. In today's environment, I would like some confirmation that the stock is trending the direction I prefer. However, I tend to be a momentum player and don't mind buying a stock at a preceived 'high' price if it appears to continue. However, I will sell at the first sign of weakness and cut my profit or losses short. Some will call it 'panic', I call it being stock management smart.
Author TickerBandit     Date October 19, 2009 11:02 Abuse this post Report Abuse
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However, I will sell at the first sign of weakness and cut my profit or losses short. Some will call it 'panic', I call it being stock management smart.

Mo, who gives a rat's fanny what they call it? Particularly when the ones saying that have 30% underperformance to you in less than 3 months. Seriously, WTF do they know?
Author JoeJustJoe     Date October 19, 2009 11:26 Abuse this post Report Abuse
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Of course the "alternative choice" would be to chort said stock that you are in fackt "panicing" out of. The GOOG news for many is that alotta stocks are still too fer away from price points wherst panic is even necessary. ....like Mighty Mouth's DNDN for instance. But! ...thur will soon come a time whenst DNDN wil be as difficult to bottom fish as Mighty Mouth is finding thisn right cheeeya to be >>> STEC :-) I personally doan know why fokes even would worry about bottom fishing a stock like DNDN. You could simply roll putskis over into forward mumphs aaaaalll the way down until DNDN trades to $2 dollahs. Of course you don't see that now cuz like all GOOG sheeple o'the herd you only see the upside since it is "obvious" :-) 3J
Author MightyMo     Date October 19, 2009 19:49  Edited: October 19, 2009 by MightyMo Abuse this post Report Abuse
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JJJ

...want a bite of my apple?

RE:stec..no panic...my blogs on this always stated to pull out at the first sign of a competitor. That I did and managed a profit. However, nice try JJJ.

DNDN risk is not getting FDA approval. ...unlikely however.

Hey JJJ, want another bite of my apple?
Some cliche's are worth repeating.........
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