That used to work but with the big boys and by an sell within one second, best to forget about all those truisms. If Obama wanted to do something good he could stop this type of inter second trading, stop the after hours trading that goes on for 4 to 5 hours. I thought yesterday HP might be a good buy. What happens they announced earning which were up and who made the money the after hours traders nearly $3.00 per share I passed this AM. He could have his SEC head stop all that after hours junk. It was established as volume got heavier than could be recorded during the normal hours the markets were open. Thus very little price movement and volume was in a few thousand shares. The fast money now is made in the after hours us poor people sit and watch.
You are correct, except this time I decided to sell half my position in Ford when I hit a double @ 17.00.
I took Cramer's sage advise and got back my original investment, now playing with the house's money.
How sweet it is, let it go up or down, I will not lose any money and in the long term will probably make
a nice profit. If the balance of my position triples in price I will sell that as well for a nice total gain.
Like Cramer says "Bulls make money, bears make money and pigs get slaughtered".
I have made a lot of money off Cramer's "accidental high dividend payers" and as long as you do
your own due diligence you can do the same , examples, BMY, DUK, T, NYCB, ETN all bought some
time ago on the cheap, all paying above average dividends based on the low purchase price.
Bad mouthing Cramer seems to be prevalent on this board but I disagree, he has some good
and bad picks, but many more good picks. Moral, pick a sell target and stick to it.