Its true. I post to show how smart I am. But the majority does the same. However, I am ashamed to admit how little I plunk down every time I buy. Because when it comes to money one must act like a little worm.
Somebody does own the stock. Its the sentiment of the buyers and sellers that is important. If people are more eager to sell than buy the price will rise. Like JCP for example.
Buyers are bad!!!! You want selling. Does the public make money? No because they buy on the way up and have their stops taken out on the way down. Selling is good!!!! I never buy stocks that are being bought.
Many times I feel that a holding will go to zero. But there is nothing to be done since stops do not work. I added a bit here today and also WLT. If by now with all the bad news it is still not below a dollar it will probably make it the market is saying.
There is no way to know what the market will do. It is just that when people are happy like now its best not to buy. And when they are feeling bad it is a better environement. I did however add to ANR and WLT. New lows which is good sometimes.
When this was 19 people were happy. It was a pleasure so uplifting to read all the giddy posts. People forget though, that the only reason we have markets is to have traders lose big The secret is to take punishment and not care. Today I added to my ANR because new lows are good.
The only way to make money is by being a long term bag holder. What is the alternative? As you know, all decisions in markets are disasterous. Which is why trading knocks people out fast. i fully expect to lose big each and every time i buy anything. So far it has worked well.
Good. I have been called a troll on a left.wing site where I post contrary views. It hurts. The Huffington Post banned me.
OTE(HELLENIC TELECOM ORGANIZATION) LVL III ADS EACH REP 1/2 (Margin)
296.734 $8.75 $0.12 $2,596.42 $35.61 1.39% $2,260.78 673.57% $1.13 $335.64 Select Action for [OTE(HELLENIC TELECOM ORGANIZATION) LVL III ADS EACH REP 1/2 ]. Menu Closed
Term Long Acquired 06/01/2012 200.000 $8.75 $0.12 $1,750.00 $24.00 1.39% +$1,590.05 +994.09% $0.80 $159.95
Long 01/10/2012 96.734 $8.75 $0.12 $846.42 $11.60 1.39% +$670.73 +381.77% $1.82 $175.69
Show Lots for HMC HMC
You have the wrong guy. Its true I have albky. Spent 240 dollars on it. If it were to go much lower I would add 120 more. Its embarresing.. So how is that life saving? By the way paid ,23 and rigt away it went to .17. I have hueds of stocks so amts have to be small. And I do not use stops. Just russia alone I have lukoy ogzpy vip mtl (ouch on that one) nilsy sgtzy. Now albky is Greek where I sold nbg at a loss something I can not recall doing before. Hltoy is a HUGH winner where I paid 5 and then down down down last purchase was at .80. Look at it now. I have to be careful because I do no research and know nothing about any stock I buy.
Debt is good. Downgrades and debt better still. And then if Cramer pans it you really have a potential winner. Oh - do not buy stocks paying a dividend.