Wednesday, May 17, 2006

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.


Blogger Can't C Me said...

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!

5/17/2006 12:54 PM  
Blogger Roberto said...

Uh oh the buy and hold crowd really comes out when the market gets whacked. Don't they ever get sick of giving back gains I mean what business on earth is run like that. Invest like it's a business and understanding technicals of the market is what professionals do.

5/18/2006 10:30 AM  
Blogger Looking4mee said...

Any advise on funds that hedge againest the USD?
I am researching these 3 right now.


5/18/2006 9:38 PM  
Blogger Big Ben said...

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.

5/19/2006 9:21 PM  
Blogger Big Ben said...


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.

5/19/2006 9:27 PM  
Blogger Looking4mee said...

I am buying ICPHX, at $9.46 it seems to good to pass up. Also, with Russia, Iran, Venezuala, and other countries making the switch to Euros, I can't pass this one up! If I am wrong, someone slap me and tell me otherwise. I want to buy gold etf's but not at $36

5/22/2006 6:19 PM  

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