Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with management of the highest integrity and ability. Then you own those shares forever. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

November 21, 2007

Lesson learned

Only buying stock that when hsi is below 50 and go down to 100 lines. Don't buying it right after u find a good one. Don't buy when it rised 5 to 10 %, only buy at below 50 line.

When to sell?When there is at least 50% or more high than last time lower point that is high enough for big guys to make a intermediate adjustment that could go down for at least 20%.

No comments: