According to Howard, there're two concepts we can hold to confidently:
• Rule number one: most things will prove to be cyclical. • Rule number two: some of the greatest opportunities for gain and loss come when other people forget rule number one.
EXAMPLE IS JAKS & LONG STEEL STOCKS
THESE CYCLICALS SHOULD ONLY BE BOUGHT AT BOTTOM WHEN:
1) BUSINESS IS BAD 2) NOBODY WANTS THEM 3) BEST BUY FOR JAKS WAS 40 SEN. BEST BUY FOR LIONIND WAS 30 SEN. BUY WHEN NOBODY WANT THEM
4) BUT HOW TO BUY WHEN PRICES WERE DOWN & OUT? ONLY CONTRARIAN PEOPLE WITH ANTI - HUMAN FEELING WILL DARE TO BUY
5) THEN PRICES GONE UP AND THE BIG CROWD CHEERS THEM UPWARD? MANY MANY START TO CHASE. THEY SAY< "SAFETY IN NUMBERS"
EFORCE & EDARAN UPTREND. EFORCE MAYBE CAN BREAK 0.80 THEN UP TIL WHAT PRICE I DUNNO. EDARAN I WILL SELL IT SOON . CAUSE I PUMP EFORCE. CAUSE JEFF WONG KEEP BUY IN. GOOD LUCK TO YOU ALL BRO N SIS :)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shlyw
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Posted by shlyw > 2018-09-01 10:39 | Report Abuse
US technology stocks to new highs, technology stocks here believe will follow.