Saturday, July 26, 2008

Bottom - I guess this time it is...



Well, I was wrong last time jumping the gun in june calling the bottom. OK. But got out of the market with little damage soon it failed. Looking back i think i needed to do that. No body can predict the bottom to the dime.

Now did we see the bottom already. I think so when S& P hit 1200 in mid July. I am toeing in again. Waiting for a dip to get in the market. This time not looking for the best names in the markets or market favorites. Strategy is to buy stocks which already declared earnings and raised their outlook. No more buying of stocks which has earnings in the future dates. Also want to get into couple of badly beaten good names like Goldman sacks. So two prong strategy...
beaten down good ones and the ones already declared earnings.

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