Here is the classic story of WISDOM vs talking from both end......
Jimmy the Cramer has "lost it COMPLETELY"
His URGING to sell everything if you need money for next 5 years for any project "near bottom" will go down in history as the most UNWISE line in investing/trading"
Why would anybody in their right mind will think of selling @ the bottom of worst bear market in 80 years.......to LOCK loss & MISS the biggest buying opportunity of last 80 years....????
So "buy low & sell High" is GONE....
OVERSOLD concept is GONE......
Bottom of the market is GONE.....
$ cost averaging is GONE.....
Always put aside money in long term investment is GONE.....
Best returns are always made when selling is intense...is GONE.....
I am sure Jimmy the Cramer will be given Noble prize for STUPIDITY in investment 101....
On the other hand......
Warren Buffett the "richest man alive" is BUYING STOCKS......
WHY......
He said..he is seeing VALUE in markets......
Warren Buffett is known as GENIUS of investing & has a KNOWN track record to prove it...
Smart investors/traders will listen to a LEGEND like Warren Buffett NOT an agenda driven frontman like Jimmy the Cramer.....
I am starting to wonder...if Jimmy the Cramer has lost too much in his declared & undeclared trading???
OR
If Jimmy the Cramer has been bought & paid for ..to scare the last believers in this market.....
Whatever the case....he is coming across as someone who CANNOT be TRUSTED for his ever changing RANTS near bottom in this 80 year bear market.....
Instead of a voice of CALM & ASSURANCE to stay in the market near bottom & build a strong portfolio.....he has joined the rank of a person who is NOT worth listening to.....
CNBC @ large has been a FRONT of DOOM & GLOOM.....instead of RATIONAL thesis to encourage INVESTING near bottom with $ cost averaging......
In my opinion......Selling near bottom & booking loss..does NOT increase EQUITY......
If you have funds to invest...this is a great time to do it......
Cut all the NOISE from CNBC & do your OWN thinking !!!!!
Bob Doll,Warren Buffett are great MENTORS...they are in market NOW.....
Please continue to do your OWN due diligence & find your OWN comfort level in this NOISE ridden market......
BLOG does NOT give buy or sell.
Saleem
15 comments:
Hello again. Yep, I am back. Stock Market was far from my mind for a while. To be honest, I am glad it was. But now, it’s calling me again… And Buffett is one of the reason.
First thing I did was to pull up my old list of stocks on Yahoo. (Whenever I spot a new stock I want to follow, I mark the date and the price.) I still cannot believe it: the vast majority of them are over 75% down from the price they were at the last time I checked them...
I only have 1 green stock on that list (VISN). It’s up 70% since Jan 18 2008... lol
A lot of these stocks were from IBD top 100. It goes to show that you cannot play these for the long run. They are momentum plays. I will try to diversify my sources from now on.
Naturally, I cannot go back to trading without coming here! Glad to see that you are up and running.
Few days ago, I bought and sold GEOY for a nice 25% gain. Now I own CMED for a few points gain (I hope!) Medical sector looks good.
I like THOR on your list from yesterday. Should be good whenever markets are bad and are trying to come back. It should be the case for the next few months (I think).
I also like KNDL and ISYS.
Always great to read your blog!
Hi Frogvest,
Nice to see your note AGAIN !!!
Next 14 months will be the opposite of last 14 months....that is how the market works.
Follow whatever works for you $$$$
It is all about making money !!!
Saleem
There are many technicians and Elliot wavers looking at the triangle forming and calling a possible continuation pattern for another 2000 dow points starting down near the end of next week.
technicians have been pretty correct so far, so lets see how this plays out....
Hi Troy,
Technicians have been wrong about INTERIM moves...They were all predicting MANY rallies of 25% @ every step.....NONE materialized???
All of them said 1200 will HOLD???
Saleem
Hi Saleem,
Bought DRYS on Friday early. Up $1+
Not a big fan of this but it looks promising for the near future.
Have a great week.
Standards
Hi Standards,
Many stocks are oversold and will move UP with market.
Good luck with DRYS !!!
Saleem
Good Morning Vietnam
Hello all--I saw on CNBC that IBM and CVS are hot picks
As for DRYS --I can't believe that is is so low--A good alternative is DSX and FRO! Shipping rates are past due for upturn!
Looking to sell AAPL today asn I am concerned about earnings! thoughts??
SALEEM your RIMM is up in premarket as is our SOL
Lets go SOL.
Cheers to all
Hi Madmax,
I studied analysis of AAPL over the weekend by many people...It is looking OPTIMISTIC....
AAPL is certain to BEAT consensus when the report.....
Guidance MAYBE slightly BELOW...which market MAY NOT punish ..but RELIEVED.
My 2 cents !!!!
Saleem
Hi Max,
I was looking at DRYS being so low and the possible spin off coming up shortly. Where else can you get a company with a P/E of 1.3? The spin off is valued at $30 per share as I understand it. If it is so good why do the pros ignore it? That is my question.
Standards
IMHO
Shipping is an industry that has been ignored
Several news sources say the DRY shipping rates are due to rise--so get paid to wait and FRO and DSX are my bets. Oil shipping and Dry shipping rate are due to turn up!
As for spin off of drys--hmmm I know nothing please inform me of it thanks
Cheers to all
Look ar MON and QLD for a day trade--interesting play
THanks for info on AAPL looks like we are stuck at $97!
Hi Max,
Look up this article
DryShips Looks Too Good to Pass By
Oct 14th
Standards
Hi all
out from AAPL 99.67 premarket. Can not take risk.Upside 127 downside 77. Bought CSCo @ 18.I will be buyer ENER aytime soon.thanxs
IBD says on CSCO
Foundry Networks Inc FDRY
Polycom Inc PLCM
Juniper Networks Inc JNPR
Qlogic Corp QLGC
Black Box Corp BBOX
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IBD Stock Checkup Analysis:
Cisco Systems Inc receives an overall rating of B, which is in the 81st percentile of all stocks in the Investor's Business Daily database. The overall rating is calculated using five proprietary ratings that measure each stock's Technical and Fundamental qualities and the Technical and Fundamental qualities of the industry group that it resides in, as well as a rating on the stock's current price attractiveness.
Cisco Systems Inc receives a Technical Rating of 60, which places it 7th out of 37 stocks in the Computer-Networking group.
Cisco Systems Inc receives a Fundamental Rating of 92, which places it 2nd out of 37 stocks in the Computer-Networking group.
Cisco Systems Inc receives an Attractiveness Rating of 62, placing it 11th out of 37 stocks in its group.
The Computer-Networking group's technical rating of C+ ranks it in the 71st percentile of the 197 different Investor's Business Daily Industry Groups. The Computer-Networking group's fundamental rating is C, ranking it in the 67th percentile of all groups.
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Earnings Per Share (EPS) Rating Relative Price Strength (RS) Rating Industry Group Relative Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
81
65
B+
A
E
CSCO is way to scary here--for me
Look at PFE and for oil SWN, XTO and HAL HAL is way over sold here Good earning today too....
Hi all
OUT from CSCO. 20 cent gain. Lookin weak. TRying to get in XTO.
Thanxs for help.
Look at HAl
it is off the high of the day
DAy trade only buy at $19.89 sell at $22 Comments
I like CHKm SWN, XTO, ARD maybe early for a refiner TSO!
Cheers
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