Tuesday, July 8, 2008

It Can Get Worse

IMB- many tried and failed to catch "the bottom" on this one and others like it. I'd rather miss the first 10% up move and stay short the group, but that's just me.

1 comments:

kunal said...

You are sure right on that one. check out thelion.com every trader there including me!! got hugely burned. People were averaging down like their life depended on it.

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.