Every Trader and every Investor KNOWS it … NEVER touch a falling knive …
BUT:
Even the RICH do it …
Examples?
Bank of America bought a stake in Countrywide Financial … thinking, it was cheap … RESULT … the stock is (SINCE THEN!!!) OFF AROUND 75% …
Warburg bought a stake in MBIA, the bond insurer … […]
On some days you need not only patience, but as well a little bit of luck … apart from the discipline, which is always needed
Today, I had 2 tight stops, just 1 and 1,5 points too tight … so I called it a day …
So …
Trading days - 23 … Points made […]
Situation:
U.S. Markets: Sold off … again … NQ down 8th day in a row … AT&T sold off around 10% on statements that it sees slowing consumer spending before closing down “only” 5%. Countrywide Financial down 28% as bankruptcy rumors fly. Today morning we see a tiny bounce on Clinton and McCain wins in primaries. […]
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