Originally posted by: Descartes
Originally posted by: PAB
Originally posted by: bigdog1218
Originally posted by: PAB
Originally posted by: IHateMyJob2004
STOP TRADING!!!!!
After taxes, etc ... YOU WILL LOOSE OUT TO ANY BUY/HOLD INVESTOR!
Buy and hold = Buy and lose. Look what happened with Corning. I waited for a catalyst to get that stock off it's ass for a while.
You can't make money if you hold infinitely. You have to sell and know when the right time to sell it. Sector rotation is important in an economy as diverse and dynamic as ours.
Buy and hold is outdated and wrong. You HAVE to sell eventually or when there isnt a good/compelling reason to own that stock anymore. For example, my compelling reason on CVX was the analyist meeting. The boosted production but forecast a relatively flat year - shortly after I got stopped out and didnt make my full point but caught 75 cents. Not the greatest return ever, but not bad for three days.
Your just said you have owned a stock since 2001 that you've been holding for the past 6 years and still haven't made your money back, so one of these statements is full of sh!t.
And have fun riding ATI to 93.
First on ATOT: ATI hit 107 today.
Your bearish sentiment is proven wrong, for the second day in a row.
You're very inconsistent. All of your posts seem to indicate you're looking for fundamental factors that will take, in most cases, months if not years to ultimately factor into the price (this precludes positive news that creates new buyers or bad news that results in a sell-off of course) yet you make nonsensical statements like "bearish sentiment" in the context of two days. You also jump in here and give everyone intraday prices like it means something, so you're not making any sense.
Can you offer any clarification here? Just curious.
I prefer fundamentals and think that its a far sounder philosiphy regarding investment research. However, with technical analysis and sound fundamentals the combination makes a very compelling argument to take a position.
My broker's job is to represent the flip side of the coin and stop me from doing something stupid. Yes, that IS a full time job
When I'm right, I'm right. The technicals of a fundamentally sound company like ATI were good and it did exactly what I said it would - it took a run past 104-105 and actually did a little better at 107. We will see in the next three days whether or not it makes the 110 run and breaks resistance there.
The person I was quoting called me something nasty and declared that ATI would run to 93. I dont wish to make it sound like a I'm right and you're wrong issue, but thats exactly what it is. He/She/It started talking smack and giving them the benefit of the doubt, they're off 10 points.
