I like to move it, move it.
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8 comments:
Roger,
I assume you are talking about the move north of the 200 day moving average?...or something else??... If it holds then is tomorrow a buying day?
Buying after a big move. I thought the idea was to buy at lower prices.
Investors buy value
Speculators buy price
Friends of Occupy Wall Street, no doubt.
T
I assume you are starting to agree with me that this was a 19% correction based on closing prices (weak but true argument when you cling to 1% based on a closing basis)
ok so anyway looks like this short term event is ended or near ended and we rally into the year end +.
SEG
retired in prescott, the post was simply a humor attempt.
12:47, your comment is very shortsighted in that people have success with every conceivable strategy including buying high. That may not be for you but implying that some strategy can't work is simply incorrect.
T, thank you for acknowledging my feeble humor attempt :-)
Seg, I neither agree nor disagree. You may be correct (or not) but how many times has the market whizzed higher making everyone happy? About the the same number it has puked lower and freaked everyone out.
Obviously it would be preferable if you are correct about this having just been a correction.
At least we agree up is good :)
Buying high is soooo March 2000.
Roger,
The higher the valauation the greater the risk. So if you want to defend buying up 20% as an investment strategy, at least acknowledge you are taking on greater risk.
If somebody is looking to buy a house today, has done their research on replacement cost, and other fundamental factors, would you recommend them to hold off until it is priced higher by 20%?
I don't get your logic.
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