One thing is obvious. Buying low to try to sell higher is damn hard! Even if you got a stock that has god earning; it does not matter because all the terrible macroeconomic conditions, etc. will put that stock in the toilet! Anyway, looking away from tech and financials right now. Own just one stock now, Humana "HUM". Made a nice run up and not in a sector getting obliterated right now, although it is going down with everything else in the last day. Anyway, hopefully it will go up in the medium to long term! Just the same if market gets crushed I may be forced to sell. Interesting what Cramer said tonight about selling, shorting casino stocks in this country in shitty times. Usually don't listen to this guy BUT I BELIEVE HE IS ON ON THIS ONE!
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To remove first post, remove entire topic.
One thing is obvious. Buying low to try to sell higher is damn hard! Even if you got a stock that has god earning; it does not matter because all the terrible macroeconomic conditions, etc. will put that stock in the toilet! Anyway, looking away from tech and financials right now. Own just one stock now, Humana "HUM". Made a nice run up and not in a sector getting obliterated right now, although it is going down with everything else in the last day. Anyway, hopefully it will go up in the medium to long term! Just the same if market gets crushed I may be forced to sell. Interesting what Cramer said tonight about selling, shorting casino stocks in this country in shitty times. Usually don't listen to this guy BUT I BELIEVE HE IS ON ON THIS ONE!
Interesting what Cramer said tonight about selling, shorting casino stocks in this country in shitty times. Usually don't listen to this guy BUT I BELIEVE HE IS ON ON THIS ONE!
"when they raid the whorehouse they take the piano player too" (old wallstreet saying about good stocks in a bear market)
bur seriously, gaming stock are usually DEFENSIVE. people may not be able to buy the house or new car BUT they will still GAMBLE. it's happened every previous recession.
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Interesting what Cramer said tonight about selling, shorting casino stocks in this country in shitty times. Usually don't listen to this guy BUT I BELIEVE HE IS ON ON THIS ONE!
"when they raid the whorehouse they take the piano player too" (old wallstreet saying about good stocks in a bear market)
bur seriously, gaming stock are usually DEFENSIVE. people may not be able to buy the house or new car BUT they will still GAMBLE. it's happened every previous recession.
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