chux08

Short Term Tactics and Long Term Strategy

"Call me crazy, but when ANYTHING that I'm thinking of buying is making new 52-week lows, it gives me pause"

Hopefully, that's because you're buying while it's down there!! IT'S ON SALE!!! Tell me something. When you go to the store to buy something, do you not look for the lowest price and then usually buy that item?? Or when you see a housewife going to buy 5 pounds of tomatoes and she's carrying a shopping list. Do you think she's looking for the highest priced tomatoes to buy?? So, if she's not looking for the high priced item to buy, WHY DO OTHERWISE SMART PEOPLE BUY STOCKS THE COMPLETE OPPOSITE OF HOW THEIR WIFE BUY'S THEIR WEEKLY GROCERIES DOWN AT THE LOCAL MARKET???

Short Term Tactics and Long Term Strategy

He's most likely "changed his mind" on his entry points due to the fact that SKF established a new 52 week low closing below $65 last Thursday. Same thing with SRS as it closed at $32.89 well below where he said he was buying in. So what? If that was the case, he can buy when he wants just like the rest of us. I see nothing wrong here with WHEREVER he decides to buy in. The point he makes isn't the entry point. The point is what he's buying. And when it comes to SKF and SRS TODAY, I'm with him....