Stock Market Update
Rough day for the markets again today. As I have said before, I have be doing some selling the past couple of weeks. Instead of going short the market, I am keeping some cash on the sidelines.
Google (GOOG) and Broadcom (BRCM) are showing some nice relative strength despite the down day. Keep an eye on those two names the next couple of days.
Google (GOOG) and Broadcom (BRCM) are showing some nice relative strength despite the down day. Keep an eye on those two names the next couple of days.
posted by Big Ben at Wednesday, May 17, 2006
3 Comments:
I think "technical investing" is a formula for disaster! It's an art than logic. It's not something anyone can learn and be good at it. I think people need to invest for the long term - which means holding (dividend paying) stocks even if there is a bear market. Obviously, the trick is to not pay too much in the first place!
Roberto,
I have given up on buy and hold. I am on the buy high, sell higher plan. There is no "set it and forget it" investing.
Looking4mee,
I am going to stay long the gold stocks instead of buying into those funds. Lower expense ratio to just own GLD or GG. But still a good hedge.
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