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BAR[_2_]

In article ,
says...

On Thu, 03 Mar 2011 07:58:08 -0500, Wayne.B
wrote:

On Thu, 3 Mar 2011 07:20:56 -0500, BAR wrote:

It's called market timing and it is a bad ivestment strategy.

That's true for the most part but one of my hard and fast rules is to
never hold on to a falling stock. You can always buy it back later
if you still like it.

Yup, those "Buy and Hold" people lost their ass when GM went to zero.
I agree trying to find the absolute bottom or the absolute top is
futile but you can spot a good company that was beat down by bad press
and get a deal and nobody lost money selling a stock at a profit.

Unless you watch specific industries you should not be chasing
individual stocks. And, you can have your ass handed to you while you
are on vacation or on a boat ride.

A friend of mine is a lawyer in the justice dept. Every time I see him
he tells me he can't talk to me. He is mostly sticking it to me because
he works in the anti-trust division and he has knowledge of all of the
mergers and acquisitions and the anti-competitive actions in progress.

So, if a company gets hit with a patent infringement lawsuit there stock
will take a hit. Do you sell it on that news even if you don't know the
whole story? Or, do you wait it out.