11-14-2008, 10:13 PM
Sure as long as you can pick bottoms and the tops. A fools game at best.
My real point is that the market is no longer about value, but players manipulation. I think its about finding the nitch, but the view should be short to medium at best.
So buying JNJ at 58 or 60 is a good choice in my opinion. But set targerts for sale at 10 or 20% gains with stop loss triggers at 10%.
So if JNJ hits 54 dump it.
If JnJ goes above 66, say 70, think about selling portions.
I just have no faith in the system and who controls it right now. And if a broker gives you the "The dow has always made money.... bla bla bla. Call thier bluff and walk out the door with your money.
My real point is that the market is no longer about value, but players manipulation. I think its about finding the nitch, but the view should be short to medium at best.
So buying JNJ at 58 or 60 is a good choice in my opinion. But set targerts for sale at 10 or 20% gains with stop loss triggers at 10%.
So if JNJ hits 54 dump it.
If JnJ goes above 66, say 70, think about selling portions.
I just have no faith in the system and who controls it right now. And if a broker gives you the "The dow has always made money.... bla bla bla. Call thier bluff and walk out the door with your money.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi