Let me know who made what money this week on my suggestion. Hopefully SOMEONE out there made a few bucks cause I made a killing this week....I bought QLD at 30 on Friday last week and sold it Tuesday at 42. Bought it back yesterday at 30.50 and sold it today at 36. Sure I got lucky this time, but with the way things have been in the market lately, I was way overdue for some good luck.
For those longer-term investors out there (which I normally am, by the way...this was a rare trading move that I usually don't have the balls to do), here is a great opinion piece that Warren Buffett wrote in today's New York Times...this is exactly the way you should be thinking right now if you are a long-term investor....
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&ref=opinion&oref=slogin
1 comment:
We bought QLD, SSO, and DDM (all) and haven't sold any. Sharebuilder doesn't permit 'day-trading'. Which was fine with us because this will end up a long-term investment (probably 1-3 years or so).
It's been fun imagining what we might have made if we could have our money back - it's been like a rollercoaster.
You, my friend, have more fortitude than I, and realized good fortune as a result - good for you! I think it's awesome that you did what you did and made money.
A great many thanks you you!
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