Or he's priming all of us for one ginormous bagholder action and will bury us all....Prognightmare said:Pay a lot of attention to OldArmy1. You will learn a ton and profit more than not if you do.infinity ag said:Prognightmare said:I think we give back some of this recent move off the lows. If that occurs, then I'd take some long positions that I want to just hold onto.infinity ag said:
I think it's a great time to buy and hold. Markets are at a low and looking for a reason to jump up.
Yes, there's been some gains YTD and I think some of it will be given back, but then I don't think we go below where we were on Dec 31. So if you buy now and hold through, you should be up after 3-6 months.
From this year, I have started an account purely for playing momentum. This is outside my IRA and my regular trading account. The plan is to use the short term gains for things like vacation, home improvement, kid's expenses and other short term needs/luxuries. Let's see how it goes.
I kid. He's been nails on a lot of things and his analysis has been extremely helpful to posters.