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The absolute best way to buy stocks is to wait until something happens in the market that seems to be based on emotions and then bet the other way. 2 best exam
by tomasien 14y ago
The absolute best way to buy stocks is to wait until something happens in the market that seems to be based on emotions and then bet the other way. 2 best examples I can remember where I noticed this was when Citi was at $1 despite the fact we knew the bailout was coming (I bought, but not enough) and when Facebook was at $17 because investors kept getting hammered with "Facebook hasn't figured out mobile" shit over and over. Didn't buy then because I was super broke (http://tommy.authpad.com/the-one-year-anniversary-of-sleeping-in-the-freezing-cold-without-power-or-heat-in-the-middle-of-a-crime-scene http://tommy.authpad.com/the-one-year-anniversary-of-sleepin...)
- eCa 14y agoOf course, the difficulty is in picking the low point.
- tomasien 14y agoOh I don't mean try to find the bottom! I mean try to find when something seems to be happening purely out of emotion, as in a stock going down for no discernible reason short of a weird investment environment I.E. FB and all its bad press post IPO and CITI pre-bailout
- tomasien 14y agoFinding the bottom doesn't matter, that's impossible so don't even think about that. Just say "the market doesn't seem to be operating rationally today, I'll bet against it"
- djloche 14y agoThere's always support at 0.