Saturday, June 13, 2015

It's scary buying the dip and what ever happened to the Zune

Fear and greed control every stock that ever existed. Even the greatest stocks of all time have had mini-scares that now seem ridiculous.

Apple bears, remember when you said Microsoft Zune would spell Apple doom? Blockbuster online was supposed to kill Netflix. The courts and anti-privacy legislation was supposed to bring down Google.
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Yet these companies still stand, and many have lost out on fortunes listening to the news and not paying attention to the technicals.

When you find a great company with great technicals, buy every dip you can no matter how scary it is to enter. Mange risk properly and more times than not you will be greatly rewarded.

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1 comment:

Unknown said...

The dollar index was at 94.42, having hit a session's high of 94.58 and off early Monday lows seen at 93.99.