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2 comment(s). Last comment by ryan78 2014-07-17 20:18
Posted by ryan78 > 2014-07-17 20:18 | Report Abuse
John F Kennedy father's(Joseph Kennedy) famous phrase about stock wisdom:
“You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.”
It was Winter time in 1928, father of President John F. Kennedy, went to the cobbler to have his shoes polished. When the shoe polisher(shoe shine boy) completed his dues he offered Kennedy a stock tip. “Go buy Hindeburg - Good one"
Kennedy quickly sold off all of his stock holdings. Within a year America saw a massive stock market crash that wiped out the life savings of millions of Americans with the Great Depression.
Lesson of the day? Noises and suggestions you hear are often late tips or traps to lure the public and independent/individual investors to pump in money. When you hear: BUY! You know the big time players are already planning for profit taking in the near future.
Shoe shine boy hints are more dangerous calls than anything else.
Today it's more complicated. The shoe shine boy could be your Hollywood star or famous celbrity with bowties, neck ribbons and PhDs paid to do PR for the invisible tycoons.
Remember someone's lost is another man's gain.The man who took profit could be in the same boat collaborating as the guy who told you to go in and fell for the trap.
This will second the thread starter as a word of caution to independent stock buyers and investors. Do not attempt at peak prices.
We are approaching Raya holiday season.
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Posted by The One > 2014-07-17 19:15 | Report Abuse
• Noticed that most counters are at their highest or peak prices currently. Pls exercise caution as "thing that goes up will eventually comes down". The higher it flew the worst it will splat on the floor.