BAD-- buy at dip that is
(2007-09-19 18:43:44)
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Really, other than OJ's news, there are hardly any thing worth to mention for today... the morning after was as good as the night before. not bad. Alough, we lost a little momentum at the end of trading, but that was expected, the honey moon in wall street is a little shorter than most newly weds. We may even see a down day tomorrow, who knows, but the bull is in firm control for sure.
If you feel the market get back to this level too quick, and the price of some stocks are too high to jump in, worry not, the stock market is most forgiving-- as long as you have capital as well as your shirts :), it always gives you second chance and maybe even third chance. For we are entering a familiar trading period, that is buy at dip, which is the primary form of investing for almost anybody.
I remember the first stock I bought was a database company, the only reason I bought it was I worked on their product and their stock was down, and needless to say, I made money on my first trade. and needless to say I have lost a lot of money by just blindly buy when a stock I know was down.
Buy at dip (BAD) works most effectively when market was in a upswing. Before yesterday, I was a little worried about semi, and small cap. the last two days brought all them up, all market indexes are showing up trend.
Also, VIX also dipped to around 20 and showed continued downtrend, a couple of points later, we should be in a good shape.
So, hopefully, we will have a smooth sailing for the next few weeks until the earning season begins...