Ok, the new philosophy is to buy the news. I bought a couple of stocks the night before the fed announced rate cuts, almost a gimme that they would be cut and that the momentum would swing up. Well obviously that happened and it extended into the international markets so not only did I make a few quick bucks my long-term mutuals have jetted greatly.
So forget technical analysis, volume, buyers vs. sellers, P/E, PEG ratios, fundamentals and all that other stuff. My philosophy of buy other peoples emotions is working!
So maybe I won't quit learning about the technical side but these last few weeks/months have been easy money. It's almost predictable what is going to happen just by reading the news and market sector anticipation. Even the futures market fluctuates with emotion.
I know this is obvious stuff, but I'm making money this way :-)
NOK, LEG, AMNT.OB (Speculative, but relatively safe with potential), TCM downgraded to hold but as any Chinese company, lots of potential!
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