The dumbest reason in the world to buy a stock is because it's going up

Discussion in 'Trading' started by crgarcia, Dec 29, 2009.

  1. You're an idiot. Buffett became a self-made millionaire at the age of 31.
    If your logic was even remotely correct, where are all the others his age worth $40 billion?
    It's not Jim "Simmons" it's Jim Simons and he's in his early 70s.
    You have no idea what you're talking about, let alone what these two will be worth in 25 years.
     
    #11     Dec 30, 2009

  2. Agree with above... Lots of ways to lose money in the 40 years
     
    #12     Dec 30, 2009
  3. I am a long term TRADER.
    I buy after panics, and sell on excessive optimism.
     
    #13     Jan 4, 2010
  4. Lethn

    Lethn

    This is why I'm going into commodities first, I'm really beginning to feel that Stock markets and Forex are full of it.
     
    #14     Jan 4, 2010
  5. Buffett said that for every company there's a price low enough to consider buying; and a price high enough to consider selling.

    No company can offer infinite profits forever, so there's a limit on how much to pay, relative to profits.

    Most trend followers only do well for a limited time, when the trend stops and reverses, they lose everything they "gained" before and more; because they were buying a too worn-out trend.


    Let's see if Cohen and Simons don't blowup in the next 30 years.
     
    #15     Jan 4, 2010
  6. Cohen blowing up? Are you kidding me?
     
    #16     Feb 5, 2010
  7. True, there is never too high nor too low in buying stocks. It's never consistent anyway.
     
    #17     Feb 5, 2010