As one blog I follow put it, "Now, on to more general speak. Today was not at all what I wanted to see." I used to follow OTC Speculator (http://www.otcspeculator.com, props on picking HRBN at $13-15 btw) a lot and I think he, and so many other bloggers, market commentators, and CNBC folks keep saying.
I am completely against the bull and bear binary opposition. The market is an animal; unevolved, like the people who play in the market. Computers controlled by greedy, insecure, and most likely, white, males, are the combination of red and green, up and down, days in the market that we have all felt so strongly.
People need to look at the market as the temper(ament) of a child. You can not stop a child from being angry, only reinforce good values and teach lessons that can help the individual grown. I saw the market turn down around four months ago and withdrew all of my positions. I was praised by a few individuals for exiting my positions. A day or two later I took new positions and lost. The market went back up and I was riding green. Red, red, red. I should have waited and let the coal cool off before heating it back up to put on the hookah.
My strategy for the next month, at least, is to invest in small-cap companies, and the most dominant large-cap companies.
Garmin is one of my favorite stocks because it is owned 44% by insiders. I also love Apple because they have good aesthetics in both products and company representation. The share of Macs in this world will only get bigger and they will continue to grow but I would like to see a more reasonable price that is lower than $150, which would represent a discount in iPod growth in the event that the "fad" aspect becomes outdated or the technology obsolete.
Garmin is self-explanatory.
Small caps include: IMMR, and NUAN.
Pure tech plays include touch-screen technology (IMMR) and speech-recognition technology (NUAN) which is used by Google's free 411 service. Both companies are at sweetLOOKING prices but we may never know if the price of the stock will go down unless we wait, which is the only safe thing to do.
Or invest in DBA like StocksShah... or lose money in Potash like me. I pray for an early morning bounce on January 17th, Thursday so I can cut my losses and sit down and plot my future winners.
Meanwhile, I am invested in CALL, SHTP, AEND, and MVIS.
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1 comment:
POT is one of the best stocks make no mistake about that. All food need to be grown need fertilizers. If grains goes up, then up goes the fertilizers. I am putting this comment a lot late but still POT is better than most stocks.
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