why wouldnt i, page-5

I'll tell you why Rich.

One day, and more than likely the day that you plan your sell high, buy low move the sp will keep heading north, never to return back down to your sell price.

So what do you do?

You wait and wait and wait for a retrace until eventually you bight the bullet and buy 10%, 20% or even 30% higher.

...lol, then it retraces.

Yesterday was a very good example. The all ords lost 3.12%, UMC gained 12% and just have a look at how the top 25 (by value) resource stocks performed:



Now if you sold all your stock at $1.15 yesterday, with the pretext of buying back in at say $1.05 how would you feel right now, especially given the fact that the Dow gained 260 points o/nite?

Don't get me wrong, the temptation is there, but you know, even thou Plain and I each have a considerable holding we don't trade the stock. In fact, I very much doubt that anyone in the top 20 of most coys trade their stock for the sole purpose of buying back in at the lower prices.

If you think that you can read both the market and the stock better than most then go for it. I certainly do not have those skills.