Quote from stock_trad3r:
There is a point I am making. The point I have been trying to hammer in since I joined this forum is to NOT over trade, NOT to be indecisive, and to BUY the Summer 2006 dip. Those who bought stocks during the summer 2006 sell off as I instructed them to MADE MONEY.
Do keep in mind that during the summer of 2003 the nasdaq lost 300 points falling from 2350 all the way 2050. The forum was overwhelmingly bearish. The fed was raising rates, oil was going up, the foreign markets were in a tailspin.
I told people to buy and hold quality stocks that had been significantly discounted in the wake of the sell off and that the panic was irrational. Stuff like Goog and AAPL.
I predicted the nasdaq would go to 2500 when it was at 2100 (and it did). And I told people do buy RIGHT AFTER feb 27th, in which the nasdaq proceeded to gain 200 points and the dow 1500 points.
My methodology has been simple yet consistent. Buy the dips and buy quality stocks. Don't over trade. Buy stocks that have a tendency to go up.