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Could hold if already in, but not buying here.
Would you tell your mother to buy here if she were currently in cash? No. Would you tell Birchtree to hold here since he's made good money the last several months? Yes. It's called money management - OPM. Works the same for gambling.Quote:
There's absolutely no logic to this statement. If one shouldn't be in stocks today, it should make no difference what one has invested in yesterday. The converse is true too.
Watch it Birch. I'm not in a good mood. You guys are in my house.I'm thinking of using him as my contrary indicator - when he gets in the bulls get out. He may stay on the wrong side for the next one thousand points - so be it. I'll humbly take mine now.
Quote:
There's absolutely no logic to this statement. If one shouldn't be in stocks today, it should make no difference what one has invested in yesterday. The converse is true too.
Would you tell your mother to buy here if she were currently in cash? No. Would you tell Birchtree to hold here since he's made good money the last several months? Yes. It's called money management - OPM. Works the same for gambling.
The only thing that doesn't make sense is why you only show up when the Dow is up 100 points.![]()
Thanks for the kind words Jeff!I thank you and your family.
Sincerely,
Jeff
Bond yields really moving higher (prices down) this morning. Are the bond traders sniffing trouble in the GDP and other inflationary related reports due out tomorrow?
tsptalk said:Could hold if already in, but not buying here.
azanon said:There's absolutely no logic to this statement. If one shouldn't be in stocks today, it should make no difference what one has invested in yesterday. The converse is true too.
I guess Jim Cramer has no logic either. Either that or he read my post yesterday.Would you tell your mother to buy here if she were currently in cash? No. Would you tell Birchtree to hold here since he's made good money the last several months? Yes. It's called money management - OPM. Works the same for gambling.
The only thing that doesn't make sense is why you only show up when the Dow is up 100 points.![]()
Stop Worrying and Hold On
![]()
By Jim Cramer
RealMoney.com Columnist
4/26/2007 3:32 PM EDT
...Stop worrying. Wait for a pullback, and get in. If you are in already, the toughest thing is to hold on, and you must do the toughest thing right now.