There's definitely a thrill when cherry picking stocks near their lows and watching them climb back out of their holes. I got lucky on a number of stocks recently like CSE, NTGR, AMD, PAR, CCRT, AAPL.
Still, I definitely have some losers this year as well, such as VDSI, DBTK, OMTR, OXPS. These are Motley Fool stock picks, so I'm willing to hold at least another 12-18 months for signs that the companies will be able to turn around. I've continued to buy down on these so my price point is lower than what you see above, but have reached my limit and will not buy anymore.
Looks like May could be another downer month, so I'm adding cash into my Zecco account for more bottom fishing. StockTradingToGo and askStockGuru are recent technical analysis sites I've been reading. You'll be able to track my trades at ZeccoShare, Cake Financial, and Icarra.
Friday, May 9, 2008
Gambling with market timing
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment