Reply to Zengjp xiong, you said you support
(2009-09-23 00:36:25)
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me today on abk, mbi on TA, are you going to buy tomorrow? or have you already bought in. My experience just told me that FA beats TA, millions of shares bought by MBI management beats all other analysis. I was shaken by the terrible hammer chart a couple of months ago. But my faith kept me through. If I have a lot of money, I may put one third on these type of so called garbage stocks, I will put other funds into WFC, GS, BAC and so on, because Buffet was there way earlier. I could buy way lower than him. Anyway, I am happy that I picked so many winners in the end.
The other good thing about FA is I do not need to watch market, I only check close price for the last month, I am so laid back now. I do not even know MBI was up today until I checked close price at 2PM pacific time.
I am happy that you said you support me on ABK, MBI today. I respect your TA skills a lot, I have been averaging up on rdn successfully, bought along the way at 3, 6, 8. I am thinking doing the same thing on MBI. ABK is too risky fundamentally.