Posted by: eminitrader March 4, 2007
Making Money with Eminitrader
Login in to Rate this Post:     0       ?        
Prachanda: I will not buy anything right now even GS. 90% of the stocks go up or down with the market ie. when the market is good they go up when it is bad they go down. Right now the market is bad so even the good companies are going to go down. Save your cash right now, we'll find lots of opportunities in few weeks or months. Your best strategy is to make a list of good stocks that you'll like to buy. when the market bottoms in few weeks, see how much they declined compared to S&P. If they declined less than S&P, buy those otherwise don't touch it. I will post here when I feel the bottom is near. But right now I'm looking at S&P around 1320.
Read Full Discussion Thread for this article