I see alot of interest in Chinese stocks on this board recently. Have a look at CVDT -- this stock has been moving quite nicely for a week now and the news out today seems to support the move.
http://biz.yahoo.com/bw/070116/20070116005877.html?.v=1
I suppose. When I see all of my sentiment indicators saying investors don't believe in this rally and PRICE is at 52 week high's then I feel that is pretty objective. If sentiment was in disbelief of a rally that I didn't believe in then I wouldn't have taken a position so suppose price did play...
I see it higher than where I bought... my goal is to take profit at 5% above my cost basis or just close out the position in 6 months, higher than where I bought.
I have no idea what price the market will be in 6 months... I just believe it will be higher than where it was when I bought a few...
Sure... I will buy any day the S&P is a full 1% below my cost basis of 141.03 on the SPY's. I will always have a hard stop at a level just in case something extraordinary happens but I will sell my position at a loss based on my sentiment indicators in the market... not a predetermined price level.
Very happy to see the bearish sentiment on this board as well.... more fuel to the fire! The S&P will be higher than it is today 6 months from now... I expect all bears to come back in 6 months and explain what happened to their thesis.
;)
I wait for an opportunity to make money in the market and I feel going long right now, buying dips lower than today and selling at a 5% gain or 6 months from now is a good strategy. I'm in this game to make money... I could care less what has happened in the past.
I bought the S&P futures today and will continue buying if it comes anywhere below my cost basis over the next 3 months. I will sell if I ever have a gain of more than 5% or sell 6 months from now.
I'm not agreeing nor disagreeing with your conclusions, I just wanted to know what exactly you are seeing on your charts that are telling you this?
Regards
What are some sectors that have done nothing in the past 5-10 years? Stocks like MSFT come to mind but are there any sectors that have done nothing for years.. or any individual canadian stocks that haven't moved for 5-10 yrs? thanx
In times of war (current war on terror) gold tends to go up for ATLEAST a full decade, usually quite a bit more. I bought back into the ETF when gold was at 573... I plan to check my position again in 2009 and re-evaluate from there.