Lots Of People Are Wondering…
Posted by Timothy Sykes on Tue 7th of Oct, 2008 08:20:32 AM
Tags:
…how in the world their “blue chip” stocks like AAPL, GE, MER, blah blah blah can drop so quickly. Where are the buyers? Don’t they see what a great deal these “quality” companies are now? There has to be a bottom soemwhere soon, right?
Wrong. Wrong. Wrong.
We’re only halfway through the historical crash/panic season of September/October and when you’ve got stuff like Big Incompetent Brother SEC banning Short Selling in financials, the US bailing out the leveraging loving incompetents (instead of executing them and tarring and feathering the families of those leverage loving buffoons–that’d make ‘em think twice before taking such risks!), housing crashing and long owed debts coming due, there doesn’t have to be a bottom anytime soon.
Sure, sure, 5, 10, 20 years from now, maybe these will be bargain prices, but isn’t that what they said in 2001? Right before the devastating 2002?
Of course a bottom could happen, but it’s definitely not a high probability trade. As I posted in the article Trial By Economic Jury waaaay back in March, I’m sitting pretty. Sure, my gold-based mutual fund PRPFX is down a few percent instead of being up, but that’s just disappointing, not the end of the world.
I still made $4k trading last month and another $50k or so off this blog (detailed post coming…) and TIMalerts and ridiculously useful instructional DVDs, probly cuz I’m up 130%, all fully detailed in this table, in the last year so I think I’ve proven exactly how much better my Pennystocking strategy is for smaller traders compared to just about everything else.
And guess what, I don’t use leverage nor do I try to make low visibility long term predictions.
Welcome to the right way to speculate financially.
Adapt or perish you dinosaurs.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $92,304 (644%)
