Friday, January 4, 2008

What a Week!

Stocks were crushed the first week of 2008, recession seems to be the name of the game. Many people are asking me why I am so bullish on stocks, why so many buys today?

On huge down days like today, I like to take advantage of panic. Could these stocks go even lover? Sure. Could they go up just as fast? Sure can. My buys have been on a wide scale and I plan to add to my positions as stock prices fall lower. There are just some stocks I want to own regardles of how the market is preforming. Good Luck to everybody, it will be a bumpy 2008.

4 comments:

Anonymous said...

You are right. This is the way to earn money LT. You have got guts and faith! I will be buying AAPL on further weakness before MACWORLD!

1 of GOD's servants

Anonymous said...

does it "scare" you guys at all that EVERYONE thinks Apple is a sure bet going into macworld/earns ?

I bought it at $179 EOD, but it feels too easy...

Amadeus said...

why buy a stock when it is falling? why not just wait till it rises so you don't take losses with every purchase? are you short the market and want to increase your hedge?

Ragin' Cajun said...

I do have many short positions (including puts), hindsight I should have waited for my initial buys.

I am hedged.