Monday, December 14, 2009

Are you still greedy or afraid?



The ex-Prime Minister of Malaysia once said that malaysians tend to forget easily. "Forget" makes you and me change quite easily? From greed to cut loss? From cut loss to greed?

Look at the market, isn't it slowly dragging you to hell (i.e. Oil and Gas sector)? Are you seeing this as an opportunity or a dying market?

If you are fully invested, I bet you are now monitoring the technical indictors closely to trigger your cut loss.

As for unclepicks, unclepicks still have 60% $$$ to invest. The best time to accumulate is when the technical indicators crossing the danger lines.

Why not buying when people are selling? Look it from another perspecitve, any listed company has nothing change overnight(other than the stock price), when technical data (SMA, bollinger band, RSI) crossing the support or whatsoever lines.

Buy the stocks and wait for the technical investors to return. Unclepicks can wait for 3,5, or 10 years. Can you? If you are leveraged, please don't apply buy and hold theory.

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