Bear Stampede to the bottom until the Christmas week.
Updated
Just another pointless prediction, but I am often close to reality. Just experience, or perhaps logical thinking.
I took a beating this season. I gave back anything I made in the spring. Why, because I am human, and my bias' clouded my normal logical thinking. I too fell into that death trap. I got out months ago, and bought real estate. I negotiated very well and pretty much made back my losses in that deal. Well I guess that remains to be seen when and if I resell.
As for the markets, its still a hold. I expect to see a similar year-end pull back, mini-crash until Christmas week. Investors step in after Christmas pushing markets up until Spring.
The key point is, you should be in cash right now, or other investments, hopefully, ETF's. If you are buying and holding anything in the POT sector, all I can say is, ouch! I bet you won't do that again. Following the bear stampede over a cliff has never been a good strategy.
In my opinion investing with your bias is a sure way to lose money. Invest with the trend, the path of least resistance, and is a much much better method. Read all you can find about trend trading. I have a great reading list on wealthandgrowth.com to get you started.
-Randal
I took a beating this season. I gave back anything I made in the spring. Why, because I am human, and my bias' clouded my normal logical thinking. I too fell into that death trap. I got out months ago, and bought real estate. I negotiated very well and pretty much made back my losses in that deal. Well I guess that remains to be seen when and if I resell.
As for the markets, its still a hold. I expect to see a similar year-end pull back, mini-crash until Christmas week. Investors step in after Christmas pushing markets up until Spring.
The key point is, you should be in cash right now, or other investments, hopefully, ETF's. If you are buying and holding anything in the POT sector, all I can say is, ouch! I bet you won't do that again. Following the bear stampede over a cliff has never been a good strategy.
In my opinion investing with your bias is a sure way to lose money. Invest with the trend, the path of least resistance, and is a much much better method. Read all you can find about trend trading. I have a great reading list on wealthandgrowth.com to get you started.
-Randal
Note
As of now, I'm not all that sure I would want to invest anything into the Pot sector. I pulled everything out in Sept, sucked up my losses and moved on. I bought real estate.
I continue to watch this sector, but more likely will be investing in long term stable ETF for the next couple of quarters as I expect a huge cross section of the penny stock won't be around by next year end.
The bears will feast on the bones of the dead.
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