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November 14th, 2008 09:54 AM #2
Nope. Cheap is relative to the beholder as much as beauty is in the eye of the beholder. Remember the stock market and its price is the cumulative valuation of all market participants. So even if you find it cheap, but a lot of others don't then they sell it then the price falls. Remember too, cheap is also relative to earnings. They might be cheap now, but once they report dismal earnings then it will become cheaper to adjust from the company's slowing earnings.
Personally, I always like to buy stocks or any financial instruments with buying momentum I am not the type of person who likes to bottom fish and then just catch a falling knife. Yes, I might miss the first 20% of the move but my chances of making money is much higher that way.
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November 14th, 2008 11:31 AM #3
With the upcoming recession, it will still be a sacrifice.
:tv_horror:
sinabi moh! i hardly see my children now. when they were young, schedules were more predictable.
Traffic!